Gemini Review: Should I Use Gemini Crypto Exchange?

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Read our Advertising Disclosure.

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

This Gemini review reveals that it is a reputable company for trading more than 100 cryptocurrencies with low fees and top-notch security.

Gemini Gemini
4.0
Account minimum: $0
Fees: 0.5% - 3.49% depending on payment method and platform
Pros:
  • Available in all 50 states
  • Broad selection of cryptocurrencies
  • Easy-to-use mobile app
  • U.S. based exchange
Cons:
  • Higher trading fees
  • Limited customer support
Promotion: $20 of BTC for new users after trading $100 or more within 30 days

Are you afraid of scams in the crypto world? Unfortunately, there are several crypto scammers that put your investments at risk.

In this Gemini review, we’ll look at the company’s services, verified third-party reviews, fees, and pricing.

Gemini is a crypto exchange that allows you to buy and sell crypto independently, and it takes pride in its slogan, “Trust is our product,” focusing on security for all its investors.

With ever-increasing inflation, soaring interest rates, and other disruptions to the traditional stock market, you’d be wise to join the many investors who are turning to crypto.

What is Gemini?

Gemini exchange homepage
Gemini.com website

Gemini is a cryptocurrency exchange founded by the Winklevoss twins in 2015. Tyler and Cameron Winklevoss created the company to provide customers with an easy and reliable way to invest in cryptocurrency.

Gemini commits to providing excellent products with a high degree of security. It has a good reputation for its transparency and accessible information.

These factors, combined with reasonable fees, have made the Gemini exchange a popular platform for new crypto investors and advanced traders alike.

Gemini started as a crypto exchange, but now offers many other products such as a credit card and a unique crypto wallet.

How Does Gemini Work?

Gemini works like most cryptocurrency exchanges, operating similarly to stock exchanges and other trading platforms.

Crypto exchanges like Gemini list exchange rates for cryptocurrency trading pairs, allowing customers to place trade orders for those pairs.

You may trade your USD for crypto and one cryptocurrency for another. For example, Ethereum (ETH) and Bitcoin (BTC) transactions are common.

Like most crypto exchanges, Gemini charges a small fee for matching buyers and sellers. It also charges transaction fees that are dependent on the payment method and platform.

Gemini also offers many other products, including a credit card and a mobile app.

Gemini Product Offerings

Gemini has grown to include various product offerings allowing you to interface with cryptocurrency in various ways.

Gemini Exchange

Gemini exchange screenshot
Dashboard of Gemini exchange

Best For: First-time crypto investors

While Gemini performs many of the same services as other crypto exchanges, it sets itself apart by operating in more places in the U.S. and having no minimum investment.

Gemini Exchange allows traders from all 50 U.S. states to buy and sell cryptocurrency for reasonable fees. Many cryptocurrency exchanges cannot operate in some states, making Gemini a convenient choice.

The Gemini crypto exchange has no minimum investment for its customers. This makes the Gemini exchange accessible to low-stakes investors who want to try their hand at cryptocurrency investing.

Trade amountFee
$10 or less$0.99
More than $10 and up to $25
$1.49
More than $25 and up to $50$1.99
More than $50 and up to $200$2.99
More than $2001.49% of your web order value

Gemini ActiveTrader

screenshot of Gemini ActiveTrader
Screenshot of Gemini ActiveTrader

Best For: Experienced crypto traders.

Gemini ActiveTrader offers the same high-quality service and crypto trading as Gemini Exchange, with some additional features.

Too much information can be overwhelming and confusing for first-time or casual crypto investors. However, some investors know how to use the latest information and stay informed about advanced trends.

ActiveTrader includes additional trading features such as advanced charting and in-depth information about individual coins.

ActiveTrader is an excellent choice if you are seeking additional information while performing cryptocurrency trades for reasonable fees.

Pricing tierTaker feeMaker fee
Less than $10,0000.40%0.20%
≥ $10,000
0.30%
0.10%
≥ $100,0000.20%0.08%
≥ $1M0.15%0.05%
≥ $5M0.1%0.03%
≥ $10M0.08%0.02%
≥ $50M0.05%0%
≥ $100M0.04%0%
≥ $500M0.03%0%

Gemini Wallet

Best For: Secure crypto storage.

Crypto wallets allow you to keep your cryptocurrency keys in a safe and secure environment, but you still have access to those keys to make trades.

Crypto wallets do not hold the cryptos. Blockchain technology ensures security, and a user key allows you to interact with your coin.

The Gemini wallet offers insured online storage and cold storage, depending on your preference. It is free to download and use, and the monthly fee is 0.4% of your asset balance or $30 monthly on every asset, depending on which is higher.

Online storage, or hot storage, is easier for users who want to hold their crypto in an accessible place. Gemini Wallet hot storage options insures your crypto with world-class security features.

Gemini Wallet offers institutional-grade secure cold storage of crypto keys if you want offline storage.

Gemini Custody

Best For: Instant trading while maintaining offline cold storage.

Gemini Custody is another form of offline cold storage to keep your crypto keys safe. This cold storage option is unique because it allows users to trade their offline digital assets.

Gemini Custody has a favorable fee structure with no minimum amount. It is a safe place to keep your crypto with multi-layered security.

If any issues arise Gemini Custody gives you access to 24/7 customer support where the agents are experts in crypto, finance and security.

Gemini Custody supports many digital assets, including the following:

  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • Binance USD (BNB)
  • Ethereum (ETH)
  • Solana (SOL)
  • Bitcoin Cash
  • and many more coins


Custody Fee

0.4% or $30 per month per asset
Minimum Balance
None
Setup FeeWaived
Administrative Withdrawal Fee$125

Gemini Clearing

Best For: Anonymous crypto trading.

Gemini Clearing allows crypto users to trade their currencies and coins off the books. Many cryptocurrency exchanges need reporting, forcing customers to identify themselves.

One of the most significant benefits of crypto investing is the anonymity it offers.

Gemini Clearing allows two parties to settle a transaction before it occurs, so you can complete a trade while maintaining your anonymity.

Gemini Clearing has competitive pricing, meets reporting requirements, and completes trades immediately after users agree to terms.

Gemini dollar (GUSD)

Best For: Those looking for a reliable, dollar-backed crypto option.

Gemini Dollar is Gemini’s own cryptocurrency, a stablecoin backed by the U.S. dollar. It is an Ethereum-based token with many applications including trading, paying and securing contracts.

GUSD is unique in a few key ways. First, it offers buyers more liquidity than other coins because it’s always redeemable at 1:1 for U.S. dollars.

Second, you can convert BTC or ETH into GUSD through the Gemini app without paying transaction fees. GUSD is more reliable than other crypto options.

From day one, the New York State Department of Financial Services (NYDFS) has regulated GUSD, meaning it is less likely to come under fire from the Securities and Exchange Commission (SEC).

In addition to regulation from NYDFS, the Federal Deposit Insurance Corporation has covered Gemini, adding an extra level of safety that other cryptos cannot offer.

Gemini Credit Card

Gemini credit card
Screenshot of the Gemini credit card

Best For: Credit card users looking to get extra crypto.

The Gemini credit card is a unique credit card that offers crypto-based benefits. Most credit cards offer discounts to their users.

This can be cash back or airline miles. The Gemini credit card offers benefits in the form of crypto. You can redeem your Gemini benefits through BTC, ETH, or more than 60 other cryptos.

The Gemini credit card is a MasterCard, so you can use it in almost every location that accepts credit cards. Crypto rewards appear on your credit card, allowing you to maximize your investment prospects.

Gemini Staking

Best For: Gemini users that want access to the benefits of crypto staking.

Crypto staking is a process where users commit their digital assets that use proof-of-stake (PoS) models to the blockchain. Those using your crypto in the blockchain will pay a high-interest rate for the benefit of using your assets.

You cannot sell staked crypto while it remains in the staking pool, so it’s risky for volatile stocks. Nonetheless, Gemini Staking comes with many benefits that outweigh the risks of staking a given coin.

The Gemini Staking pool requires no minimum amount of crypto, comes with excellent rewards, and has no transfer fees for pulling out.

Gemini Mobile App

Best For: All Gemini Exchange users.

The Gemini mobile app offers users access to the Gemini Exchange and is available for iOS and Android devices.

The Gemini app has a clean interface and top ratings on all app stores. It’s easy to link the app to your existing Gemini account, and you can start trading straight away.

Trading cryptos through a mobile app is beneficial because, unlike typical exchange stocks, you can trade your crypto 24/7.

The Gemini app will allow you to maximize your profits by staying on top of your investments from anywhere, even if you don’t have access to a computer.

Who Should Use Gemini?

Consider using Gemini if you want to:

Gemini is Best For
  • Invest a small amount into a crypto exchange that does not stipulate a minimum investment.
  • Use a trading platform with access to more obscure or underutilized cryptos.
  • Use a simple interface with clear information.
  • Trade crypto using a top-rated mobile app.

How Does Gemini Compare?

 
4.0
5.0
4.5
Account minimum:
$0
Account minimum:
$0
Account minimum:
$0
Fees:
0.5% - 3.49% depending on payment method and platform
Fees:
1% for cryptocurrency
Fees:
$0 per trade
Promotion:
$20 of BTC for new users after trading $100 or more within 30 days
Promotion:
Get a $10 bonus when you buy $100 worth of crypto (U.S. only).
Promotion:
No promotion available at this time
4.0
Account minimum:
$0
Fees:
0.5% - 3.49% depending on payment method and platform
Promotion:
$20 of BTC for new users after trading $100 or more within 30 days
5.0
Account minimum:
$0
Fees:
1% for cryptocurrency
Promotion:
Get a $10 bonus when you buy $100 worth of crypto (U.S. only).
4.5
Account minimum:
$0
Fees:
$0 per trade
Promotion:
No promotion available at this time

Getting Started with Gemini

Signing up to Gemini exchange is simple. Just follow the 5 steps below:

  1. Create an account: You will need your ID and other personal information to set up a Gemini account.
  2. Connect to a bank account or set up a payment method: Gemini allows you to pay for your crypto with a debit card or direct bank transfer.
  3. Verify your account: Gemini uses two-factor authentication and other security measures to protect your identity, money and account.
  4. Download the Gemini app: One of the best ways to interface with Gemini is through their app.
  5. Start buying, selling and trading crypto: Once your account is set up, you are ready to buy and sell digital currencies.

Is Gemini a Safe Crypto Exchange to Use?

Gemini has many positive customer reviews, demonstrating that it is a reliable and honest company.

If you are new to crypto and looking for a simple way to invest on your own, consider discussing Gemini crypto with your financial advisor.

Gemini FAQs

These are the most popular questions about Gemini’s financial services.

Is Gemini safe and legit?

Though the SEC recently charged Gemini with trading unregistered securities through its Gemini Earn service, it continues to provide other legitimate services to customers.

Is Gemini anonymous?

To use most of Gemini’s trading services, you must register and verify your identity, forfeiting anonymity.

However, you can use Gemini Clearing to trade anonymously.

How long does Gemini take to deposit funds?

It takes four to six days for the money to become available in your Gemini account through a wire transfer or automated clearing house (ACH) transfer.

Debit card transactions take at least 24 hours.

What crypto can you buy on Gemini?

Gemini has more than 100 cryptocurrencies available for customers to trade.

Where is Gemini located?

The head office of Gemini is in New York City in the state of New York.

Gemini

Gemini is a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy bitcoin, ether, and other cryptocurrencies.

We earn a commission if you create an account, at no additional cost to you.
  • Editor Rating
  • Rated 4 stars
  • 80%

  • Gemini Exchange
  • Reviewed by:
  • Published on:
  • Last modified: January 23, 2023

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

More Posts

You May Also Like

Crypto Exchange Stats

Cryptocurrencies

40+ Crypto Exchange Statistics & Trends (New 2023 Data)

Cryptodotcom review

Cryptocurrencies

Crypto.com Review: Is it a Safe Crypto App to Use?

Coinbase review

Cryptocurrencies

Coinbase Review: Is it a Safe Crypto Platform?

Gemini Exchange review

Cryptocurrencies

Gemini Review: Should I Use Gemini Crypto Exchange?