Gemini Exchange Review

Gemini Exchange Review

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Verdict: Founded in 2014, quickly amassed over 13.6 million users. Never hacked, utilises cold storage & 2FA. Supports over 23 currencies with users assigned a multi-currency wallet. Convenience fee 0.50% higher than standard market rate. Only supports one Fiat currency, USD. A great exchange for experienced traders, newer traders may have difficult with interface. KYC checks add security, although some users may wish to remain private. No credit checks or deposit fees. Low withdrawal fees with a free <10 per calendar month, per withdrawal.

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7.5/10 (Expert Score)
Product is rated as #3 in category Exchange

Gemini are an established cryptocurrency exchange, operating since 2014 with no security flaws or hacks. Due to its role as a private exchange, Gemini is fully licensed and maintains a great level of reliability. This platform makes a great choice for experienced traders, with an immersive interface and over 23 supported currencies. Their sandbox mode also allows for simulated trading, should you want to practice.

With no deposit fees free withdrawals of <10 per month, we feel these fees are fair. However, some fees remain higher than competitors, such as a convenience fee 0.50% above market rate and a transaction fee ranging between $0.99 to 1.49%. This is marginally higher than other exchanges. Users can buy, sell and hold a number of different coins at once, thanks to the multi-currency wallet.

Fees
6
Supported Currencies
9
Reputation
8.5
Security
9.5
Customer Support
7.5
PROS:
  • Fully licensed
  • No deposit fees
  • Cold wallet storage
  • Multi-currency wallet
  • Very secure - never hacked
  • Over 23 supported currencies
  • Free withdrawals <10 per month
  • A good exchange for experienced traders
  • Gemini Sandbox allows for simulated trading
CONS:
  • No margin trading
  • Limited deposit options
  • Supports only one Fiat currency - USD
  • Holds user keys - security issue for some
  • Interface may prove tricky for new traders
  • KYC checks improves security, however some may wish to stay anonymous

Specification: Gemini Exchange Review

Company & Availability
Headquarters New York
Year of origin 2014
Number of users 13,600,000
Insurance Coverage Marsh and Aon, Personally insured
Previously hacked No
Eligible regions , , , , , , , , , , , , , ,
Excluded regions Algeria, Angola, Bolivia, China, Cuba, North Korea
KYC
Credit Check No
Savings Information
Withdrawal fees Free for withdrawals <10 per month
Features
Anonymity No
Copy Trading No
Exchange: Supported cryptocurrencies AAVE, AMP, BAL, BAT, BCH, BTC, COMP, DAI, ETH, FIL, KNC, LINK, LTC, MANA, MKR, OXT, PAXG, REN, SNX, SORTJ, UMA, UNI, YFI, ZEC, ZRX
Social Trading No
Supported Apps Android, iOS
Exchange: Supported Fiat Currencies AUD, CAD, EUR, GBP, HKD, SGD, USD
Trading Options Margin Trading, Spot Trading
Exchange Fees & Pricing
Funding Fees No fee
Purchase options Credit card, Cryptocurrency, Debit card, Wire Transfer
Trading Fees 1.49% of order value over $200
Asset protection & Insurance
Audited Deloitte
Cold Storage Yes
Company Backing Marsh and Aon
FDIC insurance Yes
Insured by FDIC, Personally insured

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