Gemini Exchange is a fully regulated cryptocurrency platform based in New York. It allows you to buy, sell, and store over 70 digital assets, including Bitcoin and Ethereum. Gemini is known for its strong security standards and simple user interface. The best features of the Gemini exchange are the mobile trading app, insured custody service, institutional-grade security, ActiveTrader platform, Gemini Wallet, and staking services.

The benefit of using Gemini is that it offers a safe and compliant way to access the crypto market. You get both basic and advanced trading tools, along with protection for your funds. Hence, it is best for both beginners and experienced traders.

This Gemini review will cover what Gemini crypto exchange is, what the fees of Gemini are, and what the key features of Gemini are. We will also provide a step-by-step guide on how to create a new account on the Gemini Exchange to trade cryptocurrency and Bitcoin.

What Is the Gemini Crypto Exchange?

Gemini is a crypto exchange and custodian established in 2014 by Cameron and Tyler Winklevoss. It has its main office in New York City but operates in more than 60 countries across the globe, such as the United States, Canada, the United Kingdom, South Korea, and Singapore. It allows trading in over 70 different cryptocurrencies, like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Gemini offers products and services for individual as well as institutional investors. There is the Gemini Mobile app that enables users to trade on their mobile devices and has a simple interface for buying, selling, and holding digital assets. There is also an upgraded ActiveTrader platform, which has enhanced charting features as well as multiple order types. Institutions can also use Gemini Custody. It is an insured storage solution for digital assets.

The exchange is extremely secure. It is SOC 1 Type 2 and SOC 2 Type 2 certified, as well as adhering to ISO/IEC 27001:2013 standards. Also, the exchange demands 2FA as well as hardware security keys for additional login security measures. Plus, address allowlisting is available on the platform. This allows users to limit cryptocurrency withdrawals only to pre-authorized addresses.

Sign up on Gemini today and start trading Bitcoin and 70+ cryptos with top-tier security and a user-friendly mobile app.

What Are the Pros and Cons of Gemini?

Pros of Gemini:

The pros of Gemini are strong security measures, licensing in the U.S., a user-friendly interface, advanced trading tools, and institutional-grade custody services.

• High-Security Measures: Gemini uses stringent security protocols. It is SOC 1 Type 2 and SOC 2 Type 2 compliant. Two-factor authentication and hardware keys are also available on the exchange. Address allowlisting is used by the exchange to avoid unauthorized withdrawals.
• Regulated in the U.S.: Gemini is an exchange that is licensed and regulated in the U.S. It is operated under the New York State Department of Financial Services (NYDFS). This offers you an added level of trust and protection when using the exchange. Not many crypto exchanges are compliant to this extent.
• Ease of Use: Gemini offers a clean and easy interface on both mobile and web. New investors can comfortably purchase, sell, and hold cryptocurrencies. Its layout caters to both experienced and new investors alike.
• Advanced Trading Platform: Gemini also provides an ActiveTrader platform for advanced users. It features advanced charting options, several types of orders, and quick trade execution. It provides greater control on trades. It is suitable for professionals and high-frequency traders.
• Institutional-Grade Custody Solutions: Gemini Custody offers insured cold storage solutions. Institutions can store large amounts of cryptocurrency with added security. It supports audit trails and secure reporting. This attracts hedge funds and financial firms.

Cons of Gemini:

The cons of Gemini are a limited selection of coins, the unavailability of derivatives trading in the U.S., and limited staking options.

• Limited Coin Offering Compared to Others: Gemini supports more than 70 cryptocurrencies. Other platforms like Bybit or Binance trade more. Some newer coins or tokens are not supported by Gemini. This restricts trading opportunities for some individuals.
• Not all features are offered in all regions: Certain Gemini products, such as derivatives, are not offered in the U.S., U.K., and EU. You might not be able to access full platform features based on your location. This is mainly due to regulatory restrictions in different countries.
• Limited Staking Opportunities: Gemini does support staking but only allows staking in 3 cryptocurrencies (ETH, SOL, and MATIC). Other staking platforms provide more extensive staking services and better yields. Passive income opportunities are therefore, capped.

What Countries Are Supported and Restricted by Gemini?

Gemini supports users in over 60 countries, including all 50 U.S. states. The platform is also available in regions across North America, South America, Europe, Asia, Oceania, and Africa. So, does Gemini work in New York? Yes, Gemini is also available in New York for buying and selling crypto. However, Gemini Derivatives is not available to customers in the United States, the United Kingdom, or the European Union.

Gemini is restricted in certain countries due to sanctions or regulations, such as Afghanistan, Iran, Iraq, Libya, North Korea, Pakistan, Sudan, Syria, and Yemen.

What Is the Net Worth of Gemini Exchange?

The net worth of Gemini Exchange is $7.1 billion. This was after the November 2021 funding round worth $400 million. Morgan Creek Digital headed the funding, making it Gemini’s first outside funding. Remember, $7.1 billion was the market value of the company at that moment. It may be different based on market trends as well as investments in the future. 

Note: There has been no new valuation for the company since 2021, making $7.1 billion the latest publicly available value.

What Are the Fees of Gemini?

The fees on Gemini include trading fees, deposit and withdrawal fees, transaction fees, ActiveTrader fees, and custody fees.

Register now and use Gemini’s ActiveTrader platform for faster trade execution, lower fees, and advanced charting tools for serious crypto trading.

Gemini Trading Fees

Gemini offers three main types of orders: instant orders, recurring orders, and limit orders. If you use the standard Gemini platform, a 1% convenience fee is added to the quoted price for each trade. Each type has its own fee structure:

Gemini Withdrawal and Deposit Fees

Gemini does not charge any fee when depositing money with ACH transfers or wire transfers. They make it easy and inexpensive to transfer money into your account through your bank account. If you do decide to deposit money with your debit card, you may pay some percentage of the value of the transaction.

For withdrawals, there are no costs if you make ACH transfers to withdraw funds to your bank account. Wire withdrawals, on the other hand, are charged a single $25 fee per transaction. The fee does not vary with the amount you withdraw.

All deposits made into your Gemini wallet are zero-cost. Gemini does not charge you to send crypto from an outside wallet or exchange into Gemini. When you make withdrawals from your Gemini account in the form of blockchain cryptocurrency, the charge is not static; rather, it is dynamic and will depend on the traffic on the current blockchain network and associated costs. Those network costs will vary based on what asset you are sending and how congested the blockchain is when you make the transfer.

What Are the Withdrawal and Deposit Limits on Gemini?

You are allowed to deposit up to $5,000 daily into your Gemini account through ACH transfers. Your ACH monthly deposit limit stands at $30,000. You can withdraw up to $100,000 daily from your linked bank account through ACH withdrawals. The above limits apply to all verified accounts and are imposed automatically.

Gemini has a $1,000 daily limit on debit card buys regardless of whether you make one purchase or spread the transaction out among several buys. Withdrawals in cryptocurrencies need to be made with a minimum of $10 or the blockchain network’s required amount. 

Gemini instant withdrawal is available for crypto assets without any delays, however, fiat withdrawals may take 1-5 business days, depending on the withdrawal method.

Gemini Transaction Fees

Gemini charges a 1.49% transaction fee on all order types. If you buy crypto using a debit card, the exchange adds a 3.49% fee. When you use PayPal to deposit funds, Gemini applies a 2.50% fee.

Gemini ActiveTrader Fees

Gemini’s ActiveTrader platform gives lower fees to users with higher trading volumes. The maker fee starts at 0.2% and can go down to 0.00% as your 30-day volume increases. The taker fee starts at 0.4% and can be reduced to 0.03%.

Gemini Custody Fees

Gemini Custody charges a fee of 0.4% or $30 per month per asset, whichever amount is higher. The fee is charged on the value of the assets that you hold with Gemini. If you want to transfer assets from custody to the exchange, Gemini will charge you an administrative fee of $125 for each transfer. Gemini does not charge any setup fee or minimum account balance to open an account with custody.

What Are the Key Features of Gemini Exchange?

The key features of the Gemini exchange are the Gemini mobile app, Gemini crypto wallet, and Gemini staking services. 

Start your crypto journey with Gemini – a safe, regulated exchange built for both beginner and professional traders.

Here is a detailed overview of each feature:

Gemini Mobile App

The Gemini mobile application is a user-friendly and secure app to purchase, sell, and manage cryptocurrencies using your phone. It is accessible for use on both iOS and Android devices. You can view market prices in real-time, manage your portfolio, and make trades instantly.

Gemini has created the app with robust security measures. It features two-factor authentication and supports fingerprint or face ID login. The exchange keeps your funds safe through insured hot wallets and offline cold storage. You can sign up right from the app, and following verification, you can trade more than 70 cryptocurrencies with clear charts viewed in the app. You can use candlestick displays for further analysis, and for information about price changes, you can have alerts set up and receive real-time notifications.

Gemini also allows you to schedule recurring purchases through the app. You can set a fixed amount and date, which facilitates regular investing. Gemini also has privacy features. You can hide balances from view on your screen, particularly while using the app in public.

Gemini Crypto Wallet

Gemini provides an easy-to-use and secure crypto wallet for handling your crypto assets. Gemini Wallet supports multiple cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and others, so you can store, send, and receive your digital assets quickly.

The wallet utilizes best-in-class protections, including insurance protection against specific loss types from the hot wallet. For institutional investors, the Gemini Custody Wallet offers a regulated, secure, and compliant wallet solution for holding digital assets. It leverages multi-signature technology and role-based governance mechanisms and requires multiple layers of biometric authentication to secure assets.

Gemini Staking

​Gemini Staking provides you with an opportunity for passive earnings through staking cryptocurrencies such as Ethereum (ETH), Polygon (MATIC), and Solana (SOL). You can earn rewards while supporting the security of blockchain networks. Your staking rewards depend upon the specific blockchain protocol and can fluctuate based on the size of your total staked tokens and overall network conditions. Gemini takes out 15% of your rewards for operational expenses and services.

For experienced customers who prefer to have more control and on-chain transparency, Gemini offers Staking Pro. Staking Pro demands at least 32 ETH in the staking account, and you will get dedicated validators and detailed insights into staking operations. Staking Pro is mainly best for institutional customers or those who have large holdings.

Also, please be aware that although Gemini Staking offers support for various cryptocurrencies, staking services can be unavailable in specific regions. For example, staking for SOL is not offered to customers from the United States or the United Kingdom.

How to Create a New Account on Gemini Exchange to Trade Cryptocurrency and Bitcoin?

To create a new account on the Gemini exchange to trade cryptocurrency and Bitcoin, you need to open a new Gemini account, complete KYC verification, deposit funds, and start trading crypto.

Step 1: Create a Gemini Account

First, you must go to Gemini’s official website. From there, you can click on “Get Started”. Gemini will prompt you to select an individual or an institutional account. If you’re an individual trader, opt for an individual account. You need to input your complete name, a valid email address, and a password. In the promo code field, our Gemini referral code can be used to receive the free crypto sign-up bonus reward.

Create your Gemini account now to access secure crypto trading, insured wallets, and easy deposits with ACH or wire transfers.

Once you have submitted this information, Gemini will send an email for verification. You should click on the verification email to activate your account and verify your email address by following the verification link.

Step 2: Complete KYC verification

Gemini asks you to fulfill the KYC process to adhere to U.S. regulations and avoid fraud. You need to log in and visit your account settings page and verification page. The exchange will request personal information such as your whole legal name, residence address, date of birth, and Social Security Number (for U.S. citizens).

Gemini also needs you to upload an official photo ID issued by the government, such as a passport or driving license. Sometimes, it asks for an address verification, such as an electricity bill or bank statement. It typically takes a few business days to review the documents. When verified, an email confirmation is sent, and your account becomes active.

Step 3: Make Fiat or Crypto deposits

After Gemini has verified your account, you can fund it. Gemini permits you to deposit U.S. dollars or accepted cryptocurrencies. You have to sign in and then select “Deposit” and pick your currency and payment method. You can deposit USD by using ACH bank transfers or wire transfers or by directly linking your bank account. For ACH, you have to link your bank in the “Payment Methods” area and follow the directions.

If you prefer to deposit crypto, Gemini provides you with its wallet address. You can send coins from your outside wallet to your Gemini wallet using this.

Step 4: Start Trading Cryptocurrency and Bitcoin

Once you have funds available, you can begin to trade. Gemini has 70+ cryptocurrencies available for you to trade, among them Bitcoin, Ethereum, Solana, and others. To trade, you should visit the “Trade” page. Here, you can pick the asset for which you’d like to trade, press “Buy,” and input how much you’d like to spend.

You can opt for a one-time purchase or a recurring purchase plan. You will see the entire buying price, payment option, and fees for purchase broken down in advance when you finalize. If you’d prefer to sell, head to the same page, select the token, and click “Sell.”

Gemini also has an upgraded interface known as ActiveTrader. It is handy in case you desire to have access to trading charts, live order books, and different order types, like limit or TP/SL orders.

Is Gemini Exchange Safe and Legit for Crypto Trading?

Yes, Gemini is safe and legitimate for crypto trading with advanced security measures such as two-factor authentication, cold wallet storage, SOC 2 Type 2 and ISO 27001 certifications, address allowlisting, device management, encrypted communication, regular security audits, insurance coverage, and regulatory compliance.

How Trustworthy Is Gemini?

Gemini is a trustworthy crypto exchange with over 5.7M users in 60+ countries and is regulated by NYDFS. Here is a detailed overview of its security measures:

• Two-factor authentication (2FA): Gemini employs 2FA on all user accounts. You must authenticate your login through an extra step beyond your password input. You can do this with authentication apps or with a physical device. This provides robust protection on your account if your password is compromised. Even if an attacker has your password, without the second authentication step, they cannot log in.
• Cold Storage: Gemini keeps most crypto holdings in cold wallets. Cold wallets are not connected to the internet and are therefore secure against hacking online. Limited amounts are held in hot wallets to meet daily trading requirements. Cold storage provides several layers of physical protection and offline backups. Gemini employs secure vaults and access controls to control these wallets.
• SOC 2 Type 2 and ISO 27001 Certified: Having these certifications implies that Gemini underwent independent audits of its security procedures. The exchange operates on worldwide standards when it comes to managing and safeguarding information. It also frequently updates its systems to resolve any known vulnerabilities.
• Withdrawal Address Whitelisting: Gemini allows address allowlisting so you can control your withdrawals by selecting specific wallet addresses. If an individual attempts to withdraw to an unfamiliar address, the transaction is rejected. It provides you with greater control over the destination addresses your crypto can be sent to.
• Device Management: Gemini records all devices that log into your account. If any unfamiliar device attempts to log in with a different IP, you will receive a warning. You can review your login records and eliminate unfamiliar devices. 
• Encryption and Secure Communication: All communication from your side to Gemini is encrypted with secure communication protocols. Your login and personal data are shielded against being stolen during transmission. If the data is intercepted by an attacker, it is not readable to them. 
• Regular Security Audits: Gemini performs regular security tests and audits. Experts attempt to identify vulnerabilities in the system before attackers have the opportunity to do so. Updates are also tested before being applied to live systems.
• Insurance Coverage: Gemini provides insurance on funds kept in its hot wallet. The insurance protects against losses if an online fund is compromised by a security breach. The insurance does not protect against losses related to user errors, such as sending crypto to an incorrect address. However, it is beneficial if there are cyber attacks against the exchange.
• Compliance with Regulatory Standards: Gemini abides by all the regulations put forward by regulatory bodies like NYDFS. To use the platform, you are required to verify your identity. The platform employs AML and KYC procedures to prevent illegal operations and identify customers. They report suspicious behavior to law enforcement when necessary.

Is Gemini a Good Crypto Exchange?

Yes, Gemini is a good crypto exchange. It is fully regulated in the U.S. and follows strict security standards. It offers a simple interface for beginners and advanced tools for traders. It provides insured custody services for institutions. These features make it a safe and reliable platform. Gemini also supports over 70 cryptocurrencies and is available in many countries. It’s clear compliance with U.S. laws adds trust. 

Although its fees are slightly higher and its coin selection is smaller than some competitors, its focus on security and regulation makes it a strong choice for both new and experienced crypto users. Also, if you are looking for other low-fee exchanges, you can check out our article on the best zero-fee crypto exchanges.

Create a Gemini account today to gain access to secure cryptocurrency trading, protected wallets, and quick deposits via ACH or wire transfers.

Is Gemini Publicly Traded?

No, Gemini is not currently a publicly traded company. It remains privately held by its founders, Cameron and Tyler Winklevoss, along with some other private investors. As a private entity, Gemini does not have a stock ticker symbol, and its shares are not listed on public stock exchanges like the NYSE or Nasdaq.