Gemini Exchange Review
- Advanced Traders
- Family Offices
Gemini is a US focused centralized cryptocurrency exchange. Fully compliant with regulations, the company has positioned itself to provide crypto asset custody services for major institutional clients. Gemini was founded in 2014, by Tyler and Cameron Winklevoss.
Gemini Exchange - 2020 Comprehensive Review
Gemini Exchange Overview
|Trading Fees||Maker: 0.100% / Taker: 0.350%|
|Fiat Trading||US Dollars|
|Purchase Options||Bank Transfer, Crypto Deposits|
|Trading Options||Spot Trading|
|Order Types||Limit, Market, Limit-Stop, Trailing Stop, Maker-or-Cancel, Auction-Only (AO) Limit, Indication of Interest (IOI)|
|Token Benefits||NO TOKEN|
|KYC Rules||Required For All Accounts|
|Convert Micro Balance|
|Customer Service||Email, Phone Support|
|Promotions||Refer Gemini to a friend and you both get $10 worth of bitcoin.|
Gemini Mobile App Features
Live Chat Support
Live Chat Support
Gemini Trading Fees (Maker & Taker)
Tier Monthly Volume Requirement Maker Taker Maker
Level 1 $0.00 0.10% 0.35% - - Level 2 $1,000,001.00 0.10% 0.25% - - Level 3 $2,500,001.00 0.08% 0.20% - -
|Tier||Monthly Volume Requirement||Maker||Taker||Maker|
Gemini Deposit & Withdrawal Fees
|Asset||Deposit Fee||Withdrawal Fee|
|Wire (USD)||$10 USD||$10 USD|
Gemini Markets & Volume
Gemini Top Markets
|Crypto Assets||Price||Pairs||24h Volume|
Gemini Supported Stablecoins
|Stablecoin Assets||Price||Pairs||24h Volume|
Gemini Exchange Alternatives
|Trading Fees||Maker : 0.100%|
Taker : 0.350%
|Maker : 0.15%|
Taker : 0.25%
|Maker : 0.1%|
Taker : 0.1%
|Purchase Options||Bank Transfer, Crypto Deposits||Bank Transfer, Crypto Deposits, Credit Cards||Crypto Deposits, Credit Cards|
|Trading Options||Spot Trading||Spot Trading, Margin Trading||Spot Trading, Margin Trading, Margin Funding, Futures Trading|
|Headquarters||New York, NY||San Francisco, California, United States||Malta|
Pros and Cons
- Established Company - Gemini is one of the most reputable US based cryptocurrency exchanges with over 5 years of operating history.
- Institutional Accounts - Gemini offers institutional accounts with custodial services.
- Fiat Deposits - Bank and wire transfer deposit options are available on Gemini.
- Mobile App - Gemini an easy to use mobile app available on the Google Play & Apple App Store.
- Regulated & Licensed - Users do not need to be concerned about any regulatory action against Gemini as the exchange is properly licensed.
- Ease Of Use - Gemini doesn’t have many trading options and is therefore generally easier for new users to navigate.
- Trading Fees - Gemini has extremely high maker and taker fees for retail traders at 0.5% respectively for each.
- Trading Options - Gemini only offers spot trading on 6 total crypto assets.
- Liquidity - Trading volume for any crypto asset on Gemini besides Bitcoin is below the industry average.
- Privacy - Gemini requires all users to submit documents for identity verification and to pass a standard KYC process prior to using their exchange.
Frequently Asked Questions
Is Gemini a trustworthy exchange?
Gemini is the most conservative exchange when it comes to appeasing regulators. The exchange only lists 6 assets which are all definite non-securities and has obtained all required licensing to operate legally within the US. Gemini is arguably the most trustworthy exchange on the market.
Does Gemini have a mobile app?
Yes. Gemini has a mobile app available for both Android & IOS.
What crypto assets are available on Gemini?
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC), and Bitcoin Cash (BCH) are all listed crypto assets on Gemini.
Is Gemini a better option than Coinbase?
By nearly every measurable factor, Gemini is not a better option than Coinbase. Compare Gemini vs Coinbase with Blockfer’s easy to use comparison tool.
Can I buy Bitcoin on Gemini?
Yes. Users can purchase Bitcoin on Gemini by depositing fiat onto the platform. Current fiat deposit options include bank transfer and wire transfer.
Gemini was founded in 2014 by the Winklevoss twins. The company has excellent security history, fiat deposit options, and operational licensing from some of the strictest financial regulatory agencies in the world.
Gemini has transitioned its focus from retail to institutional customers. Their recently launched Gemini Custody solution is specifically made for large account holders that want the added security of enterprise grade crypto asset storage.
Blockfer does not recommend Gemini for retail traders. Crypto asset purchase and trading fees are considerably higher than the industry average and the exchange has limited trading options. Gemini is a better option for larger funds and institutional accounts seeking regulatory compliance and strong account security.
|Learn More||Best Features|
Gemini Official Website
Legal & Regulation - Facts & Figures
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The cryptocurrency exchanges found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our exchange reviews and comparisons include: liquidity, purchase options, user experience, trading fees, trading options, listed assets, reputation, mobile experience, and customer support.
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