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Gemini review

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Gemini Cryptocurrency Exchange
4.0
β˜…β˜…β˜…β˜…β˜…
Finder score
Fiat currencies
7
Supported assets
85
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Our verdict

Buy and sell crypto on Gemini with free crypto withdrawals.

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Gemini is a highly-reputable cryptocurrency exchange that has both a simple and more dynamic user interface (UI).

Crypto newbies may use the exchange to purchase crypto with one click while others may trade using the platform’s advanced ActiveTrader setup.

And once you purchase any of the 100+ crypto assets that Gemini supports, the exchange gives you the option to earn a yield on your assets via Gemini Grow. This feature of the platform allows you to lend certain crypto assets to earn a yield of up to 8% on them.

On the downside, the site doesn’t support certain major crypto assets and fees are a bit high if you don’t use the ActiveTrader interface.

Pros

  • Beginner-friendly user interface (UI). Gemini’s UI is simple and intuitive. If you are new to investing in crypto, Gemini’s UI makes it easy for you to get started.
  • Advanced trading interface. Gemini’s ActiveTrader platform – its advanced trading interface – allows you to see charts that provide up-to-the-minute data on the assets you choose to trade. Fees are also cheaper when you use the ActiveTrader option.
  • Insurance on fiat and crypto. Both the fiat currencies and crypto assets that you leave in the custody of Gemini are insured.
  • Moderate trading fees on advanced trading platform. When you use Gemini’s ActiveTrader platform – as opposed to the simplified platform – trading fees range from 0% to 0.4%.
  • Complies with the Financial Transactions and Reports Analysis Centre regulations in Canada. FINTRAC is the peak body for regulating cryptocurrency exchanges in Canada which requires Gemini to comply with laws and regulations that are intended to provide certain protections for users.

Cons

  • Limited customer service. It can take days to receive a reply from Gemini’s customer support staff.
  • No live chat or phone-based customer support. Gemini does not have a live customer support service. Instead you will need to consult the FAQ or contact Gemini via email, which may take several days to receive a reply.
  • No mobile app available. Gemini does not have a dedicated mobile app. You can still use the platform on your phone, but the experience may not be as smooth as other platforms that have smartphone apps.

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews

Details

Product details

Product Name Gemini Cryptocurrency Exchange
Fiat Currencies USD, AUD, CAD, EUR, GBP, SGD, HKD
Cryptocurrencies BTC, ETH, FIL, ZEC, BCH, LTC, DOGE, XTZ, SOL, DOT, AVAX, XRP, ATOM, GUSD, USDC, DAI, LUSD, USDT, HNT, SAMO, GMT, ZBC, ZRX, ZZVE, ALI, AMP, ANKR, APE API3, ARB, AXS, BAT, LINK, CHZ, COMP, CTX, CRV, MANA, ELON, ENS, ERN, FTM, FET, GALA, JAM, GFI, IMX, INJ, IOTX, stETH, LDO, LQTY, LPT, LRC, MKR, MPL, MASK, MC, METIS, OXT, PAXG, PEPE, MATIC, GAL, QRDO, QNT, RLY, REN, RNDR, RBN, SHIB, SKL, CUBE, STG, STORJ, RARE, SUSHI, SNX, LUNC, GRT, SAND, TOKE, UMA, UNI, wETH, YFI
Deposit Methods Bank transfer (ACH)
Debit card
PayPal
Wire transfer
Apple Pay
Google Pay
Trading Fee Web Order Transaction Fees (USD)
≀ $10.00: $0.99
> $10.00 - $25.00: $1.49
> $25.00 - $50.00: $1.99
> $50.00 - $200.00: $2.99
> $200.00: 1.49% of your web order value
ActiveTrader:
Taker fee - 0.03-0.4%
Maker fee - 0-0.2%
Deposit Fees Cryptocurrency : None
Wire Transfer: None
ACH: None. Bank may charge transfer fee
Debit Card Transfer: 3.49% of total amount
PayPal: 2.50%
Withdrawal Fees Cryptocurrency: None (for 10 withdrawals and below per month)
Others: None (for 10 withdrawals and below per month)

Ratings methodology - how we scored Gemini

Supported cryptocurrencies β˜…β˜…β˜…β˜…β˜…
Transferring money or assets β˜…β˜…β˜…β˜…β˜…
Fees and costs β˜…β˜…β˜…β˜…β˜…
Ease of use β˜…β˜…β˜…β˜…β˜…
Customer service β˜…β˜…β˜…β˜…β˜…
Features β˜…β˜…β˜…β˜…β˜…
Staking/earn β˜…β˜…β˜…β˜…β˜…
Trustworthiness/security β˜…β˜…β˜…β˜…β˜…

How we rate our crypto exchanges and platforms

Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology here.

Our score and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.

About Gemini β€” company background

Gemini was founded in 2015 by the Winklevoss twins of early Facebook fame.

The company is headquartered in New York City.

Listed Gemini crypto exchange assets

Gemini supports over 85 cryptocurrencies, but some notable assets are missing. Namely, BNB, Lido Staked Ether and Toncoin, which are in the top 20 cryptos by market cap. In total, 14 of the top 20 cryptos are available on Gemini.

Popular assets on Gemini
supports
Bitcoin (BTC)
supports
Ethereum (ETH)
supports
Tether (USDT)
does not support
BNB (BNB)
supports
Solana (SOL)
supports
USDC (USDC)
does not support
Lido Staked Ether (STETH)
supports
XRP (XRP)
supports
Dogecoin (DOGE)
does not support
Toncoin (TON)
does not support
Cardano (ADA)
supports
Avalanche (AVAX)
supports
Shiba Inu (SHIB)
supports
Bitcoin Cash (BCH)
does not support
Wrapped Bitcoin (WBTC)
does not support
TRON (TRX)
supports
Polkadot (DOT)
supports
Chainlink (LINK)
supports
Polygon (MATIC)
supports
Litecoin (LTC)

Gemini fees

Deposit & withdrawals fees

Transaction type Fee
Deposit funds Cryptocurrency : None
Wire Transfer: None
ACH: None. Bank may charge transfer fee
Debit Card Transfer: 3.49% of total amount
PayPal: 2.50%
Withdraw funds Cryptocurrency: None (for 10 withdrawals and below per month)
Others: None (for 10 withdrawals and below per month)

Gemini uses a maker taker fee structure for spot market trading. Instant purchases incur a separate fee.

Type Fee
Maker 0-0.2%
Taker 0.03-0.4%

Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.

Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.

Gemini deposit methods

  • Bank transfer (ACH)
  • Debit card
  • PayPal
  • Wire transfer
  • Apple Pay
  • Google Pay

How to sign up on Gemini exchange

Before you can even get started trading on Gemini, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Gemini's commitment to certifications and compliance with regulations and insurers.

  1. Get started
    After selecting the Get Started button, fill in the create account form.
  2. Set up payment
    Before you can start trading, you have to add your bank account to your Gemini account. There are several options to choose from, so choose the option most compatible.
  3. Provide identification
    Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this.
  4. Start trading
    After all that is processed, you're ready to trade on Gemini.

Is Gemini safe?

The platform's security comes with the drawback of a lengthy registration process. The upside is when it's time to do your taxes, you won't have to worry about manually uploading of your crypto transactions. Gemini makes it easy to import your transaction information into a crypto tax software platform.

Gemini has two interfaces: the basic interface which is very newbie-friendly and the ActiveTrader interface for the advanced trader.

Past hacks. Gemini has never been hacked.

Security audits. Gemini has undergone thorough audits. It's the first-ever cryptocurrency exchange to pass the SOC 2 type 1 examination. It plans to be audited for compliance via this examination every year.

Insurance. The company has full FDIC insurance β€” like a bank does β€” for fiat currencies up to $250,000.

Keeping your crypto secure

All centralised exchanges, including Gemini, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Gemini customer support

Gemini has customer support, but user satisfaction reports vary. Some customers report waiting for as long as weeks to receive response emails from the company.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

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Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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