Gemini

Gemini was founded by Cameron and Tyler Winklevoss as a retail and institutional cryptocurrency exchange service in late 2015. Located in New York, Gemini is the first licensed exchange registered with the New York State Department of Financial Services (NYSDFS). Gemini is always at the forefront of providing the best security features for their users. The Gemini team continues to meet all regulatory and compliance requirements in order to operate within as many jurisdictions as governments will allow. Gemini is notably one of the most trustworthy exchanges and supports fiat-to-crypto and crypto-to-crypto trading. Gemini was also the first exchange to offer BTC futures contracts in December of 2017.

Gemini is one of the most user-friendly platforms on the market. The exchange provides a quick, smooth, and responsive experience. Gemini’s TradingView platform provides the professional trader (and beginner) with all of the trading tools, charts, and metrics they will need to start trading or buying cryptocurrency. Here are the main features that Gemini’s platform provides for its users:

• Mobile app: Gemini offers a user-friendly mobile app that allows account holders to buy and sell crypto assets directly from their phone. While the app is available for Android and iOS devices, Gemini’s website is tablet and mobile-friendly as well. Please be aware that Gemini’s ActiveTrader platform is not available within the app.
• Insured custody: Gemini’s custodial services store all client assets in a secure cold storage setup. All cold storage funds are FDIC insured.
• Gemini Pay: Gemini Pay has partnered with Flexa to provide fast payments with vendors. This feature allows users to also spend their cryptocurrencies on products and services.
• Gemini Earn: Gemini Earn allows customers to earn interest on their crypto holdings. Interest is compounded daily up to 7.4% APY.‍
• Reliable Customer Support: Gemini provides their users with a dedicated support team. The Gemini knowledge base will cover most inquiries but if there is an issue specific to your account, there is a support number to call during business hours as well as an email to contact during non-business hours.‍
• Sandbox: The Sandbox platform is a training platform for beginners who want to become more comfortable using the exchange. A user will need to provide their phone number for two-factor authentication in order to activate a Sandbox account. The Sandbox platform simulates all the same features that Gemini’s live trading exchange has.‍
• Web trader: Web trader is a great tool for beginners if they wish to practice trading crypto assets.‍
• Gemini ActiveTrader: Gemini’s ActiveTrader provides advanced charting tools, additional trading pairs, and more metrics for more seasoned traders. ‍
• Gemini Dollar: Gemini Dollar (GUSD) is a regulated stablecoin pegged to US dollars that are held in Gemini’s reserves.‍
• Two-factor authentication: Gemini requires two-factor authentication for all user accounts. ‍
• Block Trading: Block trading allows users to exchange large amounts of crypto assets outside of Gemini’s order books. Block trading enables users to source liquidity at peak trading times.‍
• Gemini Clearing: This feature allows two parties to settle a trade outside of Gemini’s exchange. Once the trade is agreed upon between two parties, the initiator may submit an order through the Web UI, Rest API, or Fix API.‍
• Gemini Auction: Auctions allow for specific trading pairs to be exchanged between two parties. This allows for high price discovery and reduced price slippage.‍
• Gemini Credit Card (coming soon): The Gemini Credit Card will allow customers to earn up to 3% in rewards (Bitcoin or a cryptocurrency of choice) with every purchase. Customers may choose Bitcoin or another cryptocurrency of their choice.

• Gemini uses a dynamic maker-taker fee model and is calculated based on a 30-days trailing period.
• There are six-tiers of fees.
• The maker-fee is 0.25%, and the taker-fee is 0.35% for an active trader.
• Gemini charges zero fees for cryptocurrency withdrawal and deposits. However, wire transfers may be subject to bank fees.

“Gemini is a great exchange for those who value security above all else. This makes it well-suited for those exchanging large amounts of fiat currency for either Bitcoin or Ether. Being fully licensed and offering the additional security features it does makes it one of the most secure exchanges in the cryptocurrency space.” Reference

“In 2018, Gemini became the world’s first and presumably only exchange to offer a fully regulated ZEC trading and custody environment. ” Reference

“Gemini is the perfect exchange if what you want to do is buy Bitcoin, Ethereum, Litecoin, Bitcoin Cash, or Zcash. If those assets do not interest you, then Gemini has no place in your orbit.” Reference

Gemini is a licensed and regulated crypto exchange that operates within New York, one of the most regulated states in the US. There are currently no reported incidents verifying a hack on the exchange. Gemini’s digital assets are secured in air-gapped cold-storage wallets, which are not connected to the internet. All funds that are held in hot wallets (for active trading) are FDIC insured. Gemini has garnered many awards and security certifications, including the most sought after SOC 2 title. Receiving an SOC 2 Type II title demonstrates the highest level of security compliance within the industry.

• Gemini’s user-friendly and well-designed interface allows both beginners and advanced traders to quickly begin trading.
• Competitive trading fees.
• Trustworthy and fully compliant with banking standards.
• Gemini’s Sandbox accounts allow beginner users to build their trading skills.