bitcoin
Bitcoin (BTC) $ 23,963.42
ethereum
Ethereum (ETH) $ 1,888.86
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 325.24
xrp
XRP (XRP) $ 0.379528
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Cardano (ADA) $ 0.529907
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 42.98
polkadot
Polkadot (DOT) $ 9.20

Gemini Review: Pros, Cons

Gemini offers 40 cryptocurrencies including and Ethereum, as well a limited selection of crypto-to-crypto trading pairs.


It was founded in 2014 in New York City by the Winklevoss twins famously known for suing their  former Harvard classmate Mark Zuckerberg over the creation of Facebook, more of the story can be seen in the movie “The Social Network.”

The exchange was launched for U.S. customers back in October 2015 and has become one of the top 15 cryptocurrency exchanges by trading volume, according to CoinMarketCap, a data and analytics company. Differing from other exchanges, Gemini can be found and operated in all 50 U.S. states, and more than 50 countries worldwide.

The Gemini exchange has a very simple interface for new crypto investors, while more experienced traders will be able to appreciate its ActiveTrader platforms. Users can probably find exchanges that will charge fewer fees for crypto traders, but Gemini’s safety measures and insurance against online breaches are one of the best in the market and will ease the minds of those new to the cryptocurrency trading world.

Gemini is best for:

  • Cryptocurrency traders.
  • Peer-to-peer trading.
  • Crypto-to-crypto trading.

Gemini currently offers 33 cryptocurrencies for U.S. dollar trades, including popular cryptocurrencies such as Bitcoin, Cash, Ethereum, and Litecoin.

The trading minimums are dependent on the type of cryptocurrency: For Bitcoin, trades are a minimum of 0.00001 bitcoin; for Ethereum, 0.001 ethereum.

The costs and transaction fees: For mobile and web app users, the exchange charges 0.5% above the current trading price, Gemini calls that a “convenience fee”. On top of that, it charges a transaction fee based on the amount traded: orders above $200 are charged 1.49%.

Total Trade AmmountFee
USD 10 or lessUSD 0.99
More than USD 10 and up to USD 25USD 1.49
More than USD 25 and up to USD 50USD 1.99
More than USD 50 and up to USD 200USD 2.99
More than USD 2001.49% of the ordered value

Unlike other exchanges like Coinbase, Gemini doesn’t charge transaction fees for deposits from U.S. bank accounts, or wire transfers tough the bank might do it. If using a debit card, Gemini will charge an additional 3.49% of the total purchase amount which is a much better price than the 3.99% or 4.5% .US charges for debit card purchases.

For higher volumes of trading, Gemini has a different ledger structure based on a 30-day dollar volume of trades on its proprietary ActiveTrader platform. Rates are based on the liquidity of the asset at the time of purchase; if immediately available, users are charged a “taker” fee, and if the order needs to wait for a buyer, the user is charged a “maker” fee. The “auction” option allows the sale of blocks of cryptocurrency at a maximum buy price or minimum sell price.

Ammount TradedTaker FeeMaker FeeAuction Fee
Up to USD 499,999.990.35%0.25%0.25%
≥ USD 500K0.25%0.15%0.20%
≥ USD 2.5M0.25%0.15%0.10%
≥ USD 5M0.15%0.10%0.10%
≥ USD 10M0.15%0.10%0%
≥ USD 15M0.1%0%0%
≥ USD 50M0.075%0%0%

For Crypto-to-crypto trading, Gemini supports 20 crypto-to-crypto trading pairs, mostly linked to Bitcoin, and these cryptocurrencies: Zcash (ZEC), Litecoin (LTC), Cash (BCH), Orchid (OXT), Basic Attention Token (BAT), Chainlink (LINK) and Dai (DAI).

For Peer-to-peer trading, Gemini offers direct trading between buyers and sellers through the Clearing portal; the fees are the cost of the spread and have no minimum order size in comparison to ’s OTC service which has a $10,000 minimum order request.

The Desktop Platform is pretty basic and straightforward, with a simple interface to purchase cryptocurrency based on the total amount of crypto or the total amount of USD  you want to spend.

Gemini-Review-Pros,-Cons

The more professional  ActiveTrader platform has more details and features, such as advanced charting, tracking multiple order types, and block trading.

Gemini-Review-Pros,-Cons

The Crypto Wallet is insured against losses that might result from a security breach or hack, a fraudulent transfer, or employee theft.

The Mobile app works seemingly both on iOS and Android is highly rated on both stores it uses many of the same functions and features as the desktop site.

Security and insurance are some of the fortes of  Gemini they have never recorded a successful hacking attempt on its site. All digital assets on the site are insured against security breaches and hacks, and the bulk of its assets are kept in “cold storage,” disconnected from online threats that could breach security. However, losing your assets due to unauthorized access to your personal account is not covered by Gemini insurance.

Gemini is available in all U.S. states 50 states, as well as more than 50 countries in Asia, Europe, Africa, Latin America, and Oceania.

Gemini offers a fast setup and easy interface for new cryptocurrency investors, and many features and tools for more professional traders. Fees are higher than some competitors on its mobile and web apps, but the security features such as insurance for digital assets make them more interesting especially for newbies to the crypto world.

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USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 23,963.42
ethereumEthereum (ETH)
$ 1,888.86
tetherTether (USDT)
$ 1.00
xrpXRP (XRP)
$ 0.379528
litecoinLitecoin (LTC)
$ 61.80
dogecoinDogecoin (DOGE)
$ 0.071189
bitcoinBitcoin (BTC)
23.261,05
ethereumEthereum (ETH)
1.833,49
tetherTether (USDT)
0,972892
xrpXRP (XRP)
0,368404
litecoinLitecoin (LTC)
59,99
dogecoinDogecoin (DOGE)
0,069103
bitcoinBitcoin (BTC)
19,617.19
ethereumEthereum (ETH)
1,546.28
tetherTether (USDT)
0.820488
xrpXRP (XRP)
0.310693
litecoinLitecoin (LTC)
50.59
dogecoinDogecoin (DOGE)
0.058278

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