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.
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
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
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.
Finder ratings for Gemini Crypto
Supported cryptocurrencies | ![]() ![]() ![]() ![]() ![]() |
Transferring money or assets | ![]() ![]() ![]() ![]() ![]() |
Fees and costs | ![]() ![]() ![]() ![]() ![]() |
Ease of use | ![]() ![]() ![]() ![]() |
Customer service | ![]() ![]() ![]() ![]() |
Staking/earn rating | ![]() ![]() ![]() ![]() |
Trustworthiness/security | ![]() ![]() ![]() ![]() ![]() |
Overall score | ![]() ![]() ![]() ![]() |
Compare Gemini against other exchanges
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.
Ask an expert
6 Comments
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?
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
December 21, 2017
is there a limit to a wire transfer amount for deposits or withdrawals
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
December 8, 2017
I have a question. I want to buy ripple, how I should do that?
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