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Gemini Earn Review

Earn attractive interest rates on a wide range of digital assets, including stablecoins.

Gemini Earn is an interest-bearing lending program that offers competitive daily compounded interest on over 40+ digital assets (such as BTC, ETH and DOGE), as well as USD-pegged stablecoins.

Learn more about its features, supported cryptocurrencies and how you can sign up below.

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1.49%

Deposit fee

Up to 8.05%

Yield rate

Details

Product NameGemini Earn
Yield rateUp to 8.05%
Deposit fee1.49%
Annual percentage yield (APY) BTC1.49%
Annual percentage yield (APY) ETH1.76%
Annual percentage yield (APY) LTC1.73%
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Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick verdict

Pros

  • Interest compounded daily
  • No lock-in period

Cons

  • No bonus earn options

How does Gemini Earn work?

Gemini Earn is an interest-bearing lending program that offers attractive daily interest rates on 40+ digital assets, including stablecoins.

When you stake cryptocurrencies on Gemini Earn, your assets will be loan to accredited third party borrowers and generate crypto interest for you in return. To ensure the security of users’ funds, these institutional borrowers are vetted through a risk management framework which reviews their collateralisation management process.

Upon moving your crypto to Gemini Earn, it’ll start accruing interest at 4 p.m. ET on the next business day. Interest earned is paid out on a daily basis and can be withdrawn at any time.

Main benefits of Gemini Earn

  • No minimum deposit amounts. There’ll be no minimum required to stake in Gemini Earn.
  • Earn crypto rewards daily. Interest is compounded and paid daily in the same currency as your deposit.
  • Quick and easy setup. The Gemini account opening process can be completed in minutes. Once you’ve successfully opened and verified your Gemini account, you can purchase any amount of cryptocurrency and opt-in to Gemini Earn immediately to start earning interest on your balance.
  • No lock-in period. You can redeem and move your digital assets (plus interest earned) back to your trading account whenever.

Are there any caveats to look out for?

  • No tiered membership programme available for bonus earn
  • Only one basic earn programme available

How does crypto earn accounts compare to a traditional savings account?

Like traditional finance, crypto earn programmes provide the opportunity for you to deposit your digital assets (which is typically loan out your cryptocurrencies to other investors) and earn a standard rate of return over time.

You’ll usually receive your earned tokens on a daily basis for flexible staking accounts, or at the end of a specified locking period if you deposited in a fixed-term staking account.

Potential risks

However, unlike traditional finance, crypto earn accounts tend to offer a significantly higher APY compared to traditional finance.

But cryptocurrency is notoriously volatile and unregulated, so it also carries a much higher risk. For instance, your returns will be in the same token as your deposit in most cases, so there’s a chance that your initial investment and returns will be wiped out if the value of your asset drops. Of course, returns will also be exponential if the value of your asset appreciates.

Another major risk that your investment may be exposed to is the lack of insurance. Since most cryptocurrency banks are not covered by consumer protection, there’s no guarantee you’ll get any of your assets back should the provider goes under.

So be sure to conduct your own research and decide if the risk is worth the reward.

Interest earn rates

Here’s the overview of the APY you’ll earn for different digital currencies, as of 14 January 2022:

Digital currencyAPY
TerraUSD (UST)7.99%
Filecoin (FIL)7.25%
The Graph (GRT)6.43%
Alchemix (ALCX)6.20%
Dai (DAI)5.40%
Axie Infinity (AXS)4.56%
Terra (LUNA)4.52%
Bitcoin Cash (BCH)4.03%
Dogecoin (DOGE)3.78%
1inch (1INCH)3.51%
Fantom (FTM)2.66%
Sushiswap (SUSHI)2.50%
Orchid (OXT)2.47%
Ankr Network (ANKR)2.25%
Mirror Protocol (MIR)2.25%
Maker (MKR)2.25%
Tezos (XTZ)2.05%
Polygon (MATIC)2.02%
Aave (AAVE)2.00%
Curve (CRV)1.77%
Synthetix (SNX)1.77%
Uma (UMA)1.77%
Ether (ETH)1.76%
Basic Attention Token (BAT)1.75%
Litecoin (LTC)1.73%
Compound (COMP)1.73%
Yearn.finance (YFI)1.73%
Livepeer (LPT)1.51%
Injective Protocol (INJ)1.51%
Bitcoin (BTC)1.49%
Uniswap (UNI)1.49%
Chainlink (LINK)1.35%
Amp (AMP)1.25%
Storj (STORJ)1.25%
Decentraland (MANA)1.25%
Ren (REN)1.25%
Balancer (BAL)1.25%
Kyber Network (KNC)1.25%
PAX Gold (PAXG)1.25%
0x (ZRX)1.25%
Zcash (ZEC)0.74%

*Note: The rates indicated in the table is accurate as of 14 January 2022. Rates may increase or decrease in the future.

How experienced do you need to be with crypto to use Gemini Earn?

Earning crypto rewards on your idle digital assets through Gemini Earn is incredibly simple, especially since there are no complicated earn structures to decide on.

Gemini’s user-friendly web platform and app and step-by-step prompts also help onboard new users with ease. There is also a crypto earn calculator embedded on Gemini’s website to give you a rough gauge of your projected earnings based on the current APY and vested term.

If you’re new to cryptocurrencies, you can skip the process of depositing crypto assets from an external wallet or another exchange by simply purchasing digital assets directly from Gemini exchange with Singapore dollars (SGD).

Once you’re purchased your tokens, you may opt-in to Gemini Earn and begin staking them for crypto rewards. This process is quick and can typically be completed within minutes (excluding the time required for deposits from newly linked bank accounts to reflect in your Gemini balance, which could take up to 48 hours due to the mandatory verification process).

Gemini exchange review

What cryptocurrencies can I use with Gemini Earn?

As of 14 January 2022, you can earn crypto rewards for the following currencies with Gemini Earn:

  • TerraUSD (UST)
  • Filecoin (FIL)
  • The Graph (GRT)
  • Alchemix (ALCX)
  • Dai (DAI)
  • Axie Infinity (AXS)
  • Terra (LUNA)
  • Bitcoin Cash (BCH)
  • Dogecoin (DOGE)
  • 1inch (1INCH)
  • Fantom (FTM)
  • Sushiswap (SUSHI)
  • Orchid (OXT)
  • Ankr Network (ANKR)
  • Mirror Protocol (MIR)
  • Maker (MKR)
  • Tezos (XTZ)
  • Polygon (MATIC)
  • Aave (AAVE)
  • Curve (CRV)
  • Synthetix (SNX)
  • Uma (UMA)
  • Ether (ETH)
  • Basic Attention Token (BAT)
  • Litecoin (LTC)
  • Compound (COMP)
  • Yearn.finance (YFI)
  • Livepeer (LPT)
  • Injective Protocol (INJ)
  • Bitcoin (BTC)
  • Uniswap (UNI)
  • Chainlink (LINK)
  • Amp (AMP)
  • Storj (STORJ)
  • Decentraland (MANA)
  • Ren (REN)
  • Balancer (BAL)
  • Kyber Network (KNC)
  • PAX Gold (PAXG)
  • 0x (ZRX)
  • Zcash (ZEC)

Is Gemini Earn safe to use?

Gemini may be one of the world’s highest security cryptocurrency exchanges. Rather than simply following security best practices, Gemini leads them by working with Nasdaq, regulators and other institutions to develop industry-leading security practices.

Gemini itself has never been hacked, although some Gemini users have been hacked through SIM swapping.

  • Regulation. Gemini dubs itself “the regulated cryptocurrency exchange”. It’s one of the very few cryptocurrency exchanges with a New York BitLicense, which is regulated by the New York Department of Financial Services. This is one of the world’s strictest bodies of cryptocurrency exchange regulations, encompassing a robust set of AML/KYC, market surveillance, capitalisation and security requirements.
  • Verification process. Only verified users can trade on Gemini. Verification requires providing some personal details and documentation to support it.
  • Security features. Gemini was the first exchange to pass SOC 1 Type 1 and SOC 2 Type 2 examinations, demonstrating a high level of security compliance in protecting user data and funds. It also uses a proprietary cold storage system, and has insurance for assets in custody.
  • Partnership with accredited third party borrowers. Gemini Earn only lends your crypto to institutional borrowers who are thoroughly vetted through a risk management framework that reviews the partners’ collateralisation management process.

How do I get started with Gemini Earn account?

To start earning crypto rewards with Gemini Earn, you’ll first need to open a Gemini account and complete the required KYC verification.

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Verdict

If you’re a crypto investor who prefers simplicity and want the opportunity to earn attractive returns on your idle assets while you hold them, a Gemini Earn account is certainly worth considering.

However, many other exchanges such as Crypto.com, KuCoin and Zipmex are also offer staking programmes, some offering higher APY when you lock your assets over a fixed term.

So take the time to consider the different factors (such as fees, barriers to entry, APY, type of assets required) and compare options before you sign up.

Ready to sign up?

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Earn competitive APY and maximise the potential of your Bitcoin, Ethereum or stablecoins holdings with this Singapore-based crypto lending platform.
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Frequently asked questions

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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