Fiat currencies




Product Name Gemini Cryptocurrency Exchange
Fiat Currencies USD, AUD, CAD, EUR, GBP, SGD, HKD, COP
Cryptocurrencies BTC, ETH, XRP, ADA, SOL, DOT, DAI, LTC, UNI, XLM & 120 more
Deposit Methods Bank transfer (ACH)
Debit card
Wire transfer
Trading Fee 1.99% on orders over £150 (£2.25 + 0.5% on orders below £150)
Deposit Fees Bank transfer: £0
Debit card transfer: 3.49%
Withdrawal Fees £0 (for first 10 withdrawals each month)

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 a number of 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 registered with the UK regulator, the Financial Conduct Authority, for anti-money laundering laws. Only verified users can trade on Gemini. Verification requires providing some personal details, and documentation to support it.

Pros and cons of Gemini


  • Wide range of currencies to exchange
  • Incentives for newcomers, welcoming UI
  • Gemini is tightly regulated in other countries, although crypto isn’t regulated in the UK
  • Gemini has highly liquid order books


  • 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 certain 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 does not cover losses due to theft from unauthorised 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

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Does Gemini have good customer support?

Gemini has customer support, but user reports vary. Averages reported by the company look favourable, but customers report waiting for as long as weeks to receive emails back from the company and long hold times.

Support offeredWait times
Contact Us formUnder 2.5 hours on average
Live chatLive chat is offered, but it’s a bot that directs users to other support lines.
EmailAt least 24 hours after receiving the email on average.

List Gemini services

Trading on Gemini

There are earning opportunities on Gemini, but they’re limited to a single operation. The Gemini Earn program allows users to earn interest on their balance on the platform. The amount of interest earned varies depending on the kind of cryptocurrency held in the balance.

Gemini Mastercard

Gemini is offering a credit card that is yet to be released, but is coming soon. Once implemented, it will allow users to spend their crypto anywhere Mastercard is accepted.

Promotions on Gemini

Currently, new users can earn $150 in Bitcoin when they transfer $1,000 or more and start trading within their first 30 days.

Trust rating

Gemini rates highly for security. Gemini has never been hacked. Security features of Gemini include 2-factor authentication, SOC 2 compliance (the first ever cryptocurrency exchange to do so), and FDIC insurance for fiat currencies up to $250,000.

Past hacks

No hacks have ever taken place.

Security audits

Gemini has undergone heavy duty auditing. Gemini is the first ever cryptocurrency exchange to pass the SOC 2 type 1 examination. They will be audited for compliance with this examination every year.

Signing up on Gemini

  • Compare Gemini against other exchanges

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    eToro UK Cryptoasset Investing
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    Frequently asked questions

    Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

    Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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