Gemini Review 2022

Gemini Review Summary

Gemini is a regulated cryptocurrency exchange that is based in New York. It offers a wide range of cryptocurrencies and digital assets and offers a variety of different payment methods. It is also compliant with New York securities laws and requires personal information to open an account. Gemini is a regulated cryptocurrency exchange that supports different cryptocurrencies. It allows you to convert sovereign currencies as well, and offers general information on cryptocurrencies. Gemini is a regulated cryptocurrency exchange that follows the laws of the U.S. government. It has a banking relationship with State Street, a New York State chartered bank. This relationship helps to ensure the safety of customer funds. The company adheres to standard banking requirements to ensure that all money is adequately backed by monetary reserves. Individual customers are given a zero-fee depository account, while large institutional customers can opt for segregated custody accounts with offline secure storage.

Gemini review
What Do Gemini Offer?

πŸ‘‘ Cryptocurrencies BTC, ETH, BCH, LTC, ZEC, ZRX, MKR, BAT, AAVE, FIL
πŸ“ˆ Securities tradable 48 cryptocurrencies
πŸ’΅ Cost per trade From 0-0.1%+
💬 Customer service Email : Yes, Phone support : Yes, live chat : No.
πŸ’° Desposit Fees Cryptocurrency: None
πŸ’° Withdrawal Fees Cryptocurrency: Up to 0.002 BTC & 0.001 ETH
πŸ’° Payment Methods Bank transfer (ACH)
πŸ”‹ Mobile app IOS App : Yes, Google Play Android App : Yes

Initially, Gemini only offered trading via Bitcoin, but gradually started adding more digital currencies that suited its decentralized standards. It has now expanded its list to include more digital currencies like Litecoin, Ethereum, XRP, as well as many others that offer promise and suit its criteria.

Gemini is a cryptocurrency platform that was founded in 2014 the current Co-Founder & CEO is Tyler Winklevoss. Gemini has headquarters in United States and offers the buying and selling of over 48 cryptocurrencies to customers all over the world. Buying and selling cryptocurrency can be done online. If you are looking to trade crypto using your mobile phone, Gemini offers native mobile apps to buy and sell cryptocurrencies, directly from your phone.

You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin. With Gemini you can also exchange your cryptocurrency with fiat currency, such as the UK Pound or US Dollar.

Gemini Review

Gemini Review

Risk warning : Trading cryptocurrencies is high risk. When trading CFDs losses may exceed deposits.

Gemini review
Gemini Best For

Gemini works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another.

Gemini review
Gemini Advantages

Following are the advantages of using Gemini:

  • Gemini has been in business longer than 2 years
  • Gemini offers over 20 cryptocurrencies.
  • Gemini offers a wide range of fiat currencies.
  • Gemini offers phone support.
  • Gemini offers email support.
  • Gemini offers an Android Google Play Store mobile app.

Easy UI

Gemini is considered one of the simplest platforms for cryptocurrency investing. You can easily register and deal in digital currencies within minutes. Gemini also offers a learning platform that rewards users with cryptocurrencies to learn about how they work.

Wide Crypto Selection

Gemini has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.

High Liquidity

High liquidity guards investors from price slippages in a market that is already volatile. Gemini currently ranks among the highly liquid exchanges.

Opportunities For Earning

Gemini offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Taking classes also earns you certain digital currencies.

Cryptocurrency Custody

Contrary to brokers focused on trading, Gemini enables traders to take custody of their cryptocurrency assets for themselves. Gemini provides its cryptocurrency wallet, but traders can bring their wallets. This way, traders can pick the solution that suits them the most.

Staking Rewards

Gemini also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. This, however, comes with different risks. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. Gemini shares that type of reward with its traders. Gemini takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.

Gemini review
Gemini Disadvantages

Following are the disadvantages of Gemini:

  • Gemini does not offer PayPal as a payment method
  • Gemini does not offer Neteller as a payment method
  • Gemini does not offer Skrill as a payment method
  • Gemini charges withdrawal fees
  • Gemini does not offer Livechat support.

Insufficient Variety Of Altcoins

Although Gemini has a vast variety of altcoin choices for beginner investors to interest themselves in. Those seriously wanting to trade in altcoins may not find a good selection there.

Higher Fees And Their Lack Of Transparency

Gemini has higher fees compared to other exchanges. Its fee structure can also be confusing. If you are using Gemini β€˜s basic platform, you will not be able to find a schedule before you proceed to place a trade.

Gemini review
Gemini Cryptocurrency Choice

Gemini allows you to trade around 48 digital currencies including BTC, ETH, BCH, LTC, ZEC, ZRX, MKR, BAT, AAVE, FIL and many more.

Gemini review
What Cryptocurrencies Are On Gemini

Gemini has 48 cryptocurrencies available to registered users. These cryptocurrencies include BTC, ETH, BCH, LTC, ZEC, ZRX, MKR, BAT, AAVE, FIL.

Gemini review
Gemini Stablecoins

Gemini offers its own stablecoin called Gemini. Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. Traders can buy stablecoins on Gemini.

Gemini review
Gemini Altcoins

Gemini has a decent variety of altcoins for traders to choose from with over 48crypto assets including alt coins listed on Gemini.Gemini has a decent variety of altcoins for traders to choose from with over .

Gemini review
Trading Cryptocurrency With Gemini

Different cryptocurrencies at Gemini come with different limitations and set withdrawal amounts. You may only be able to trade some with fiat currencies like the US dollar. Some may also be restricted in some countries. Users can buy cryptocurrencies via debit card. They can also purchase crypto with funds in their Gemini wallet.

Gemini Crytocurrency To Crytocurrency Trading

Gemini has upwards of 48 cryptos available in multiple regions of the world.

Gemini Crytocurrency To Fiat Currency Trading

Gemini review
Gemini Cryptocurrency Custody And Ownership

Gemini allows users to take custody of their cryptocurrency assets themselves. Users can either use Gemini’s crypto wallet, or their own. Gemini also has over 7 fiat currencies available including USD, AUD, CAD, EUR, GBP, SGD, HKD all accessible to registered users.

Gemini review
Gemini Staking Rewards

Gemini enables customers holding crypto to take part in staking rewards. It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. That revenue is shared with customers.

Gemini review
Gemini Fees

Gemini Users will have to pay a From 0-0.1%+ trading fee as well as deposit fees of Cryptocurrency: None when buying and selling cryptocurrency with Gemini.

Gemini review
Gemini Network Fee

Outgoing Gemini transactions to outside crypto addresses normally require a network fee, also known as a mining fee. This ensures the processing of transactions on crypto networks. This fee is then forwarded to crypto miners, the systems processing the transactions.

Gemini review
Gemini Trading Commissions

Trading commissions at Gemini work similarly to traditional share dealing fees. That means users have to pay a variable commission. The standard trading commission at Gemini is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency.

Gemini review
Withdrawal Fees

With Gemini standard cryptocurrency to fiat withdraw fees varies by cryptocurrency, instant cash-out of your Gemini account. A withdrawal fee of (Cryptocurrency: Up to 0.002 BTC & 0.001 ETH) may also be required for certain 3rd party payment methods instead of using cleared bank funds.

Gemini Currency Conversion Fees

Gemini charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading.

Gemini Payment Methods

The payment methods offered at Gemini are Bank transfer (ACH). Gemini also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.

Gemini review
Gemini Withdrawal Methods

If you have cryptocurrency or traditional fiat currency in your Gemini account and want to withdraw it, you must use the same payment method that you used to deposit it. This is because of anti-money laundering legislation.

Gemini review
Withdraw Fiat Currency From Gemini

Users can withdraw their digital currency from Gemini to fiat at any time through an ACH transfer. Such transfers usually take 1-2 working days to complete. Gemini also allows instant cash-outs that run twenty-four-seven, to cards or bank accounts in exchange for extra fees (1 percent).

Gemini review
Gemini Security

Contrary to holding cash in a traditional bank, cryptocurrency is not secured under federal laws. Gemini stores 98 percent of its users’ cryptocurrency offline in what is known as cold storage. The remaining 2 percent is meant for facilitating trading volume. The platform also has an insurance policy that protects users’ cryptocurrency holdings.

Gemini holds its customers crypto in its free wallet service. Users can even choose to hold their cryptocurrencies in separate wallets. Gemini requires its users to finish a 2-factor authentication process to log in to their accounts. Other than that, Gemini also has biometric login (fingerprints and Face ID) security as well as AES-256 encryption when it comes to private keys. Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere.

Gemini holds your cash in one of three locations: custodial accounts found at US banks, US money market funds, US Treasuries and for European Gemini clients FCA regulated European banks may be used.

Gemini review
Gemini Two Factor Authentication - 2FA

Gemini does offer two-factor authentication for added security.

Gemini Specific Device Whitelisting

Specific device whitelisting is a feature that enables cryptocurrency withdrawals to only be sent to devices that are allowed. The two-factor authentication feature is required to enable or disable the feature. This allows Gemini customers to withdraw to authorized devices.

Gemini review
Gemini Wallet

Gemini review
Gemini Online Cryptocurrency Wallets

Gemini review
Gemini Hardware Cryptocurrency Wallets

Gemini review
Gemini Liquidity

Gemini has a large amount of liquidity. In that case, wide spreads should not be a big concern. Liquidity also allows for significant transactions without any problems.

Gemini review
How To Open A Gemini Account

To open an account at Gemini, the first step to get started is to provide your name, email address, password, and the state you live in. Choose β€œcreate an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended). The last step is to link a payment method.

Gemini review
Gemini User Interface

Gemini has a simple, user-friendly interface.

Gemini review
Gemini Features And Cryptocurrency Trading Tools

Gemini offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin.

Gemini review
Gemini Ease Of Use

Gemini is fairly easy to use. The sign-up process takes only a few minutes. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at Gemini.

Gemini review
Gemini Mobile Apps

The availability of mobile applications for such platforms is highly crucial for investors that are always on the go. This way, they can effortlessly place market offers, and keep tabs on live market data, i.e., shares, currencies, stock indices, commodities, etc. Gemini has highly rated applications for both iOS and Android.

Gemini review
Gemini Apple App

The Gemini app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

Gemini review
Gemini Android App

The Gemini app can be found on the Play Store on all Android devices, offering the same features as the desktop website.

Gemini review
Gemini Education Resources

Gemini enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process.

Gemini review
Gemini Customer Support

Gemini registered users can request support through email, phone, live chat when available. Support options are available through the Gemini website and apps. If you have an issue that needs to be resolved you also speak to a representative by filling out a form on the Gemini website. Gemini also has a help page for solving common problems with your Gemini crypto account.

Gemini review
Gemini Phone Support

Gemini phone support can be accessed by called them on 18662405113.

Gemini review
Gemini Email Support

Gemini email suport can be reached at [email protected] Although Gemini usually respond within 2 days it may take up to 7-14 days for a response to some queries during peak times.

Gemini review
Gemini Live Chat

Customers can reach out to Gemini via live chat at any time if they have issues or difficulties with their Gemini account that they can't solve. Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.

Gemini review
What Countries Is Gemini Available In?

Gemini is available in over 61 countries. Gemini does not operate in the following countries : Afghanistan,Haiti,Iran,Iraq,Jordan,Kazakhstan,Kosovo,Lebanon,Libya,Macau,North Korea,Palestinian Territories,Panama,Sierra Leone,Syria,Yemen.

Gemini review
Gemini Account Limits

Gemini offers remarkably high limits and they depend on the user’s account level. A user’s account level is determined by the amount of information they have verified. Fully verified users can buy up to 50K USD worth crypto every day.

Gemini review
Gemini Awards

Gemini review
Can Gemini Be Trusted?

Gemini is a regulated company that is backed by major investors and holds licences for all the districts it operates in.

Gemini review
Is My Money Safe With Gemini?

Yes, Gemini is among the safest web wallets available. It keeps 98 percent of its assets in offline cold storage. Assets cannot be hacked while in cold storage. Gemini also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption. Your wallet is also covered up to 250K, courtesy of FDIC Insurance.

Gemini review
Is Gemini Regulated By A Financial Regulator?

Yes, Gemini is compliant with all applicable regulations in every jurisdiction it operates in.

How Do I Contact Gemini If There Is A Problem?

Gemini β€˜s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on Geminiβ€˜s website. Gemini also has a β€œHelp” section for less complicated issues.

Gemini Review Verdict

Gemini makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple. It offers a vast collection of cryptocurrencies to trade, and users can also earn staking rewards, among other things.

Gemini Compared To Other Cryptocurrency Platforms

  1. Visit Gemini alternative Gemini

    🀴 Used By: 13,600,000
    ⚑ Crypto Available: BTC, ETH, BCH, LTC, ZEC, ZRX, MKR, BAT, AAVE, FIL and 48 more cryptocurrency.
    πŸ“ˆ Traded Volume: 264,439,053
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: From 0-0.1%+
    πŸ’° Withdrawal Fees: Cryptocurrency: Up to 0.002 BTC & 0.001 ETH
    πŸ’° Deposit Fees: Cryptocurrency: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  2. Visit Gemini alternative eToro Cryptocurrency

    🀴 Used By: 23,200,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 41,693,321
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary. Overnight and weekend fees apply
    πŸ’° Withdrawal Fees: US$5 (minimum withdrawal of US$50)
    πŸ’° Deposit Fees: Fees vary (conversion fees for non-USD deposits)
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  3. Visit Gemini alternative eToroX

    🀴 Used By: 13,000,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 42,043,394
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  4. Visit Gemini alternative Crypto.com

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH and 153 more cryptocurrency.
    πŸ“ˆ Traded Volume: 2,630,000,000
    πŸ’΅ Deposit Methods: Credit card

    πŸ’° Trading Fees: Maker: 0.04-0.20%
    πŸ’° Withdrawal Fees: Cryptocurrency: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  5. Visit Gemini alternative Coinmama

    🀴 Used By: 2,300,000
    ⚑ Crypto Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS and 10 more cryptocurrency.
    πŸ“ˆ Traded Volume: 86,072,667,390
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: 2.9-3.9% (depending on loyalty level)
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Credit card: 5%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  6. Visit Gemini alternative CoinJar

    🀴 Used By: 450,000
    ⚑ Crypto Available: BTC, ETH, XRP, EOS, LTC, XLM, USDT, OMG, ZRX, MKR and 42 more cryptocurrency.
    πŸ“ˆ Traded Volume: 64,141,140
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.05-0.15%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: No Fees
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  7. Visit Gemini alternative Paybis

    🀴 Used By: 700,000
    ⚑ Crypto Available: BTC,ETH,LTC,XRP,BCH,XLM,BNB,TRX,DOGE,USDT and 32 more cryptocurrency.
    πŸ“ˆ Traded Volume: 62,336,251
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  8. Visit Gemini alternative Gate.io

    🀴 Used By: 4,000,000
    ⚑ Crypto Available: BTC, ETH, ETC, XTZ, CLV, EOS, OMG, BNB, LTC, UNI and 820 more cryptocurrency.
    πŸ“ˆ Traded Volume: 5,945,756,067
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.20%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  9. Visit Gemini alternative Coinbase Pro

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC and 80 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0-0.50%
    πŸ’° Withdrawal Fees: Cryptocurrency: None
    πŸ’° Deposit Fees: Cryptocurrency: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  10. Visit Gemini alternative Coinbase

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC and 73 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
    πŸ’° Deposit Fees: Credit/debit card: 3.99%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  11. Visit Gemini alternative Huobi

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM and 320 more cryptocurrency.
    πŸ“ˆ Traded Volume: 924,266
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.2%
    πŸ’° Withdrawal Fees: None
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

Gemini Frequently Asked Questions

Following are the most commonly asked questions (and their answers) about Gemini:

Is Gemini Safe?

Yes, Gemini is backed by high profile investors and regulated by reputed financial authorities.

How Do I Withdraw From Gemini?

Users can withdraw their crypto to fiat any time they want through an ACH transfer. Such transfers normally take 1-2 working days. Gemini also allows instant cash-outs to cards or bank accounts in exchange for extra fees.

Is Gemini Okay For Beginners?

Yes, because of how easy-to-use its web and application interfaces are, Gemini is seen as one of the best options for beginner traders.

Do I Have To Pay TAX With Gemini?

You will need to pay taxes on any cryptocurrency profit you accrue. How cryptocurrency is taxed differs on where your country of residence is and where you are in the world. In the USA federal income tax purposes, cryptocurrency is considered "property," which means the IRS classifies it as a capital asset. This means that the crypto taxes you pay are the same as the taxes you'd pay if you had a profit or loss on a capital asset sale or exchange.

Any earnings made on crypto assets held as a personal investment in the United Kingdom will be taxed. It is stated that you must pay capital gains tax only on gains that exceed the annual exempt level.

Individuals must pay taxes on cryptocurrency received as a result of mining, airdrops, confirmation incentives, and cryptocurrency acquired as a paycheck from an employer. Unless the donation exceeds the acquisition cost, crypto assets donated to charity are not subject to capital gains tax.

Check with a local accountant to check if any tax is due on your cryptocurrency trading.