Gemini
- Overview
- Security
- User Experience
Volume 24H: BTC 5,521/24h
Gemini is a digital asset exchange that offers users three trading pairs - BTC/USD, ETH/USD, and ETH/BTC. It is one of the few Bitcoin exchanges regulated by the New York State Department of Financial Services (NYSDFS) and one of the few US exchanges that allow dollar-to-crypto and crypto-to-crypto trading. Both individual and institutional users can buy, sell, and store digital assets.
The Gemini exchange platform is simple with few buttons or excess, making it easy to navigate. The content on each page is minimal, resulting in a rather pleasant UX. However, the FAQs are seriously lacking. The answers all lead to other pages that someone searching for in-depth answers will already have looked through. It lacks mobile apps and the interface is not particularly newbie-friendly.
Crypto Currencies Support
- BTC
- ETH
Traditional Currency Support
- USD
Language Support
- English
Country Support
- Canada
- Hong Kong
- Korea (Republic of)
- Singapore
- United Kingdom of Great Britain and Northern Ireland
- US partial
Platforms Systems
- — Api
- — Web Interface
Stock Market Options
Gemini says it is a security-first exchange. They haven't experienced any large-scale hacks yet. This is generally a good sign, although it does not guarantee anything for the future. Gemini offers custody services, has a hot wallet hosted on AWS, offers cold storage of funds in multi-sig wallets, 2FA, a high level of encryption, and FDIC and 3rd-party insurance of user assets.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Fdic Insurance Up To 250 000 Applys To Fiat Currencies Only, 3rd Party Insurance, Atleast 80 Of Funds Are Kept With A Registeredcustodian |
| Private Keys Stored On | Exchange Platform |
| Storage Type | User Funds 80 Are Held In Cold Storage With A Registeredcustodian |
The Gemini exchange is a product of the Gemini Trust Company, LLC based in New York, US. The firm was founded in 2014 by the Winklevoss twins: Tyler (CEO) and Cameron (President). Their goal is to create a world-class digital asset exchange based in the US. While they haven't been around as long as Coinbase, they've quickly built a great reputation in the community.
Summary:
Gemini is a full reserve digital asset exchange where users can only trade from pre-funded accounts. The exchange accepts bank transfers as well as Bitcoin or Ethereum ones, but no debit card, credit card, cash, or check. It offers fast execution, high liquidity levels, strict regulatory oversight and good security. Cons include a limited selection of altcoins and a slow verification process.
| Ease of use | Developed |
| Transaction Fees | 0.1-0.29% |
| Deposit/Withdrawal Fee | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Bank Transfer | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Credit Card | N/A |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | N/A |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Withdrawl funds to bank account, Send/Receive Crypto
Functionality:
Gemini offers little variety in terms of trading pairs, but accepts US dollars via Automated Clearing House (ACH) deposits or wire transfers. It has a unique auction feature that provides all users with an exact time and place to meet online, in order to trade at the same prices, regardless of time zone. Gemini has advanced order types, low fees, maker discounts and rebates for high-volume users.
Most common customer complaint:
— Slow account verification