Gemini is a financial services company that provides a regulated cryptocurrency exchange, wallet, and custodian service for buying Bitcoin, Ether, and other cryptocurrencies. They plan to expand to the European and Asian markets in the near future. With several options for buying and selling cryptocurrencies, Gemini was launched in 2015 as a cryptocurrency trading platform that appealed to both beginners and experienced traders.
A Quick Look at Gemini
More than 70 different cryptocurrencies are available
Spreads and transaction fees are included in trading fees
Account minimums are not required
You can earn interest through the Gemini Earn program
All 50 states and over 60 countries are supported
Cryptopedia’s educational hub
Assets and insurance plans held in offline cold storage
Gemini charges a convenience fee as well as a transaction fee when you buy or sell crypto. Whether you purchase through Gemini’s online site or its mobile app, you will be charged the same fees. You will be able to see both together before making your purchase as your “quoted price.”
Trades on Gemini can be made by moving crypto from your own wallet or another exchange or by depositing U.S. dollars into your account. Gemini doesn’t charge for deposits unless you use your debit card.
For absolute beginners, however, Gemini has plenty of options and tools that are geared toward more advanced trading activity and crypto users. Most of the exchange’s additional fees are associated with things like trading and selling cryptocurrencies, which long-term crypto HODLers do not need to worry about.
The growth of Gemini, since its inception, is something that has caught everyone’s attention. With more than four billion dollars in assets under management and more than a million users, it has proved its merit as an excellent platform for borrowing and earning on savings.