Gemini review

Buy and sell crypto on Gemini with free crypto withdrawals.

  • Gemini is a reliable platform with a wide range of tokens
  • Varying fee schedules depending on how you access the platform
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8

Fiat currencies

117

Cryptocurrencies

Details

Product Name Gemini Cryptocurrency Exchange
Fiat Currencies USD, AUD, CAD, EUR, GBP, SGD, HKD, COP
Cryptocurrencies BTC, ETH, BCH, LTC, ZEC, ZRX, MKR, BAT, AAVE, FIL & 100+ more
Deposit Methods Bank transfer (ACH)
Debit card
Wire transfer
Trading Fee Order amount below USD 200: USD 0.99 - USD 2.99
Order amount over USD 200: 1.49%
Convenience fee: 0.50%
Deposit Fees Cryptocurrency: None
Wire transfer: None
Bank transfer (ACH): None, bank fees may apply
Debit card transfer: 3.49%
Withdrawal Fees Cryptocurrency: None for first 10 withdrawals of each month
Other: None for first 10 withdrawals of each month

Pros

  • Highly regulated
  • All crypto held in the exchange wallet is insured
  • Deep liquidity

Cons

  • Higher fees than other exchanges
  • Limited trading pairs
  • Limited deposit options

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

What is Gemini

Gemini is a cryptocurrency exchange with a simple UI that’s user-friendly and accommodating to newcomers and experienced traders alike. Gemini is a New York trust company, which ensures that the company is compliant with numerous security and financial regulations. Gemini allows users to earn interest on eligible cryptocurrency balances.

Newcomers can earn $150 in Bitcoin when they invest $1,000 or more into the platform within 30 days of joining. Some more notable currencies aren’t available on the platform, namely some of the non-ERC20 tokens from the top 20 range of currencies.

Gemini’s most notable weakness is its fee structure. Fees are competitive if you turn on ActiveTrader.

However, if you don’t, then the fees can add up quickly. Buying through the mobile app has very high fees compared to using ActiveTrader, and the fees are the same on the desktop site without ActiveTrader on.

  • If this is your first exchange: Gemini is a pretty good place to start if you are willing to put $1,000 or more into it. Gemini’s fee structure can punish small trades and may not be worth it if you make a large number of small trades.
  • If you’re switching exchanges: Gemini offers some pretty bold guarantees and is covered by FDIC insurance. Gemini allows users to earn interest on its account balances with the Gemini Earn program, where customers can earn nearly 1.5% on Bitcoin balances and up to 7.4% on specific coin balances such as Gemini USD.

Gemini pros and cons

Pros

  • Wide range of currencies to exchange
  • Incentives for newcomers, welcoming UI
  • Insurance on currency balances up to $250,000
  • Can earn interest on balance

Cons

  • Varying fee structure with highest fees on mobile app
  • Missing some notable top 20 currencies
  • No linked debit cards available

Verdict: Is Gemini any good?

Gemini’s strongest point is its Gemini Earn program, which allows users to earn up to 7.4% interest on specified cryptocurrency balances. Gemini has a unique fee structure that may be appealing to particular users — this gives the exchange a competitive edge.

Gemini offers incentives for newcomers to the platform and its easy-to-use interface lends itself to inexperienced and experienced traders alike. Gemini has a wide selection of cryptocurrencies available for exchanging on the platform.

However, some notable entries from the top 20 by market cap are missing, such as Cardano and Solana. All in all, Gemini is a good, welcoming exchange for users of all skill levels.

What to know about Gemini

Gemini allows users to earn interest on their balances. Interest rates can be as high as 7.4% depending on the tokens in a user’s balance. User balances are covered by a robust insurance plan and cold storage of wallets.

However, it is worth noting that Gemini is still holding the private keys to these wallets. Also, Gemini’s insurance doesn’t cover losses due to theft from unauthorized access of an individual’s account — so if, for example, somebody guesses your password, you wouldn’t be protected by insurance.

Gemini is a good exchange to use as long as you activate ActiveTrader and do trades on the desktop site. Otherwise, you are subject to very high fees that are outlined in Fees and costs.

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Compare Gemini against other exchanges

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Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bitbuy Digital Currency Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer
CAD

24
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Limited time only: Free $40* when you sign up and fund your Bitbuy account.
At this Canada-based cryptocurrency exchange, you can fund your account in CAD via Interac eTransfer and bank wire.
Netcoins Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer
CAD, USD

11
cryptocurrencies

Buy Bitcoin and 5 other cryptocurrencies instantly using this straightforward broker.
NDAX Cryptocurrency Trading Platform
Bank transfer (ACH)
CAD

30
cryptocurrencies

Get a $10 bonus when you open an account and deposit at least CAD$100. T&Cs apply.
NDAX is a Canada-based digital asset exchange with CAD currency pairs and with options for advanced traders.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Gemini FAQ

Who owns Gemini?

Gemini is an independent company, cofounded by the Winklevoss twins, Cameron and Tyler of early Facebook fame.

Is Gemini a good exchange?

Gemini is a reliable crypto exchange that has undergone thorough audits.

Is Gemini FDIC insured?

Yes, Gemini is FDIC insured.

What is Gemini USD?

Gemini USD is a stablecoin managed by Gemini.

Disclaimer: 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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6 Comments

  1. Default Gravatar
    Don
    September 25, 2018

    I have a Coinbase account now. Because I am a Canadian resident, they won’t allow me to use my Wells Fargo bank for deposits.(U.S.) I have been dealing in u.s. Funds. Can I sign up with Gemini and continue to use my U.S. Bank? Also if I withdraw funds, can I transfer back to my U.S. Bank?

    • Avatarfinder Customer Care
      Joshua
      October 1, 2018

      Hi Don,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Gemini accepts US dollars via Automated Clearing House (ACH) deposits or wire transfers. For this reason, you can use your US bank account to deposit money to your account given you use the aforementioned methods.

      As of now, you can only withdraw crpyto coins from Gemini and not fiat money.

      For more information, you may want to directly get in touch with Gemini’s customer support.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    Norman
    December 21, 2017

    is there a limit to a wire transfer amount for deposits or withdrawals

    • Avatarfinder Customer Care
      Joanne
      December 22, 2017

      Hi Norman,

      Thank you for visiting finder, we are a financial comparison website and general information service.

      There are no limits on deposits or withdrawals for Individual or Institutional Accounts for Wire transfers. You may also get additional information via Gemini’s Zendesk support.

      Hope this helps,
      Joanne

  3. Default Gravatar
    Kim
    December 8, 2017

    I have a question. I want to buy ripple, how I should do that?

    • Avatarfinder Customer Care
      Rench
      December 9, 2017

      Hi Kim,

      Thanks for your inquiry.

      You can buy Ripple as you would buy any other cryptocurrency: from an online exchange. Most require you to go through a verification process but once done you just buy the XRP as you would any other product online. Finally, transfer the coins to your wallet for safekeeping.

      Cheers,
      Rench

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