May 24, 2021

Gemini Company Review

Germini logo with slogan and coin logos

Gemini Exchange Summary


Gemini has cemented a reputation in the crypto industry for having a good selection of tradable coins. We enjoyed using Gemini during testing and were able to achieve the highest ROI with them. The trading interface and fees were manageable enough to warrant a limited amount of time on screen to perform trades.


The ability to see listed coins and do some due diligence is hard to overstate. The reason behind this is that many investors don't know the full scope of available coins. These coins all serve a different purpose and operate in different ways. At the back end of good research investors can garner confidence and open up numerous new investing avenues.


Read more to learn more about Gemini.


You may also be interest in The Top 5 Crypto Brokers and Exchanges


Investors may also enjoy our free crypto Education content.

 

Product Rating Summary For Gemini

87% Overall

Gemini has nearly 30 cryptocurrencies, including its own currency called Gemini dollars (GUSD). You can trade and store cryptocurrencies with Gemini.

They have a partnership with Samsung, Gemini runs the Samsung Blockchain. Customers in the U.S. and Canada can connect their Samsung Blockchain Wallet to the Gemini app to trade currencies.

You’ll have to fund your account from a nominated bank account. It can’t be funded using a debit or credit card. The maximum daily funding limit is $500 USD and $15,000 USD monthly. The daily withdrawal limit is $100,000 USD.

If you have cryptocurrencies in another off-site wallet and want to fund your Gemini account using those currencies (crypto-to-crypto), you can do that as long as the currencies are BTC, ETH, BCH, LTC, or ZEC. 

8.7/10

85%
fees
85%
Trading Platform
85%
Customer Service
85%
user interface
86%
security
89%
coin options

Pros and Cons of Gemini

Pros

  • Very High Security Rating  
  • Strong mobile app for trading
  • The proprietary ActiveTrader™ offers professional-level trading features
  • Fees are competitive with high investment
See also
Young investors buying and holding gold | Benefits for young people

Cons

  • No Credit or Debit card Payments   
  • Low International Eligibility
  • Fees are above market average for low sum investments

The Story

How Do I Open An Account?

The account sign-up process for Gemini is a straightforward process. You will need to verify your identity using a form of government issued ID. You'll also need to connect your phone for two-factor authentication.

Lastly, you'll need to fund your new account. Gemini uses Plaid to connect with a nominated bank account. Once your application has been accepted and your account has been funded, you can start making your first trades! Get started with Gemini and earn $10 in free Bitcoin!

Is My Money Safe?

As long as Gemini have been in operation, Gemini has not been victim of cyber hacking. Likesome other exchanges, USD stored in your Gemini account is FDIC insured.

Gemini started with a “security-first” approach. They strengthen security and compliance by being compliant in SOC 1 Type 1, SOC 2 Type 1 and Type 2. All of that fancy wording means you’ll need to be ready and willing to give up some of your personal information such as email address, bank account details, phone number, and some form of ID when opening an account. 

Is It Worth It?

Gemini is one of the most secure cryptocurrency exchanges to this day as of writing. Security the main selling point. It is a U.S. based company and the platform is easy to use.

However, before rushing into cryptocurrency investing, keep in mind that digital currencies are often volatile and carry high risk and should only allocate a small percentage of your total investing capital.

Gemini Features

Services

Cryptocurrency exchange, digital wallet, and USD Coin marketplace

Supported Currencies

  • Bitcoin: BTC
  • Ether: ETH
  • Bitcoin Cash: BCH
  • Litecoin: LTC
  • Chainlink: LINK
  • Zcash: ZEC
  • Maker: MKR
  • Basic Attention Token: BAT
  • DAI: DAI
  • Kyber Network: KNC
  • 0x: ZRX
  • OmiseGo: OMG
  • Orchid:OXT
  • Enjin Coin: ENJ
  • Flexacoin: FXC
  • Decentraland: MANA
  • Golem: GNT
  • Numeraire: NMR
  • Storj: STORJ
  • Loom: LOOM
  • Bread: BRD
  • Caspian: CSP
  • Filecoin: FIL
  • Dogecoin: DOGE
  • Bancor: BNT
  • 1inch: 1INCH
  • Loopring: LRC
  • The Sandbox: SAND
  • Skale: SKL
  • The Graph: GRT
  • Somnium Space: CUBE
  • BarnBridge: BOND
  • Injective Protocol: INJ
  • Livepeer: LPT
  • Polygon: MATIC
  • SushiSwap: SUSHI
  • Dogecoin: DOGE

Fees

  • Convenience Fee: 0.50% above market rate
  • Transaction Fee:
    • ≤ $10.00: $0.99
    • > $10.00 but ≤ $25.00: $1.49
    • > $25.00 but ≤ $50.00: $1.99
    • > $50.00 but ≤ $200.00: $2.99
    • > $200.00: 1.49% of order value

Supported Areas

US: All states except Hawaii

International: Canada, Hong Kong, Singapore, South Korea, and the UK

Minimum Deposit

None

Trading Minimums

  • BITCOIN (BTC): 0.00001 BTC
  • ETHER (ETH): 0.001 ETH
  • ZCASH (ZEC): 0.001 ZEC
  • BITCOIN CASH (BCH): 0.001 BCH
  • LITECOIN (LTC): 0.01 LTC
  • ERC-20 TOKENS (OXT, BAT, LINK, or DAI): 1 token

Transfer Methods And Fees

  • ACH: Free
  • Wire Transfer: Free
  • Bitcoin, Ether, Litecoin, Bitcoin Cash, Zcash, Chainlink, Orchid, Dai, BAT, ACH, Gemini dollar (Redemption): Free

Deposit Fees

  • ACH Transfer: Free
  • Wire Transfer: $10 ($25 outgoing)

Customer Service Phone Number

1-866-240-5113

Mobile App Availability

iOS and Android

Promotions

$10 worth of free Bitcoin (with referral link and after buying or selling $100 or more)

See also
Finest Gold Bars to Purchase For Financial Investment | Leading 5 Gold Bars for Financiers

Are There Any Fees?

Yes, Gemini does charge commission rates for trading on its platform. There is a convenience fee of 0.50% above the market rate. To figure out the convenience fee amount, multiply 0.50% (1.005) by the amount of currency you want to buy. 

There is also a flat transaction fee for orders placed via their web or mobile applications. The fee ranges from $0.99 to 1.49% of the total order value. This is why we recommend Gemini for high quantity investing.

Order Amount

Fee

≤ $10.00

$0.99

> $10.00 but ≤ $25.00

$1.49

> $25.00 but ≤ $50.00

$1.99

> $50.00 but ≤ $200.00

$2.99

> $200.00

1.49% of order value

Features

Cryptocurrency exchange, digital wallet, and USD Coin marketplace

Supported Currencies

25+

Fees

Convenience Fee: 0.50% above market rate

Transaction fee: $0.99 to 1.49%

Promotions

$10 worth of free Bitcoin (after buying or selling $100)

Highest Customer Ratings For Gold IRA Companies

 AVG. 

Rating

4.9

Over 550+ total reviews

  • Highest overall average customer reviews
  • Largest investor resource team
  • The most trusted gold IRA company in the United States

 AVG. 

Rating

4.8

Over 340+ total reviews

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Nathan Rosevear

Nathan offers insights and reviews around the highest rated precious metal IRA specialists. He is an investor in gold and silver industry.
His passion is helping Americans secure their finances through stable investing and provides such help by blogging valuable information for investors to make sound financial decisions.
Do you want some help figuring out your precious metals Investment? Feel free to give me a call at 604 603 7953.
Let me connect you with the best in the business based on your financial situation and help you save some time and maybe save you some hard earned money.
Nathan Rosevear is not a financial advisor. No financial advise will be given on phone calls. Investors are urged to seek professional advice when necessary.
Gold Investment review is paid to recommend some of the services listed on this website by referring you to the right companies. No additional cost is attributed to the investor.

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