Gemini

Gemini

  • United States of America

  • Full trading platform

  • Gemini.com

  • Since 2018

Gemini
In Social Media:
Developed Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $41,175,165

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

Traditional Currency Support

  • US Dollar (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

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Not customizable

Advanced
Options:

  • Limit Order
  • Market Order
  • Stop Order
  • Immediate or Cancel IOC
  • Maker or Cancel MOC
  • Auction-Only Market
  • Auction-Only Limit

Discounts For
The Big Traders:

  • Reduced Maker fees
  • Volume based discounts

Gemini security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
FDIC insurance up to $250 000 (Apply's to Fiat currencies only), 3rd party insurance, Atleast 80% of funds are kept with a registered"Custodian
Private Keys Stored On
Exchange platform
Storage Type
User funds (80%+) are held in cold storage with a registered"Custodian".

Security Features:

  • SSL
  • Bank Level Encryption
  • Protection from DDoS attackes

Legal Registration or Compliance:

  • FinCen registration (US)
  • KYC/AML Compliant

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 c 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
Yes

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