Gemini Interest Accounts
Verdict: This company offer a much greater selection of assets to save & earn interest on; with up to 26 cryptocurrencies and tokens to choose. Rates range from 1.26 - 7.4% APR on cryptocurrency, tokens and stablecoins with compounding daily interest & payouts. These rates are fair, although definitely not the most competitive. No Fiat options and only one stablecoin (DAT). Cold storage & 2FA keeps user funds secure. Never suffered a security breach or hack since founding in 2014 & upholds arguably some of the best security standards in the industry. KYC aids in security, however some users may have privacy concerns. Users can access their account via PC or their mobile, with support for both iOS and Android.
Gemini are a well established exchange & savings platform created in 2014. Since founding, this platform has never undergone any security threats or hacks. They use 2FA & cold storage amongst other methods, ensuring user funds stay safe. Users can easily access their savings account via mobile or PC, with both iOS & Android support. This company offer a much greater selection of assets to save & earn interest on.
Whilst the rates aren't as competitive as some, we still feel they're very fair; alongside offering daily compounded interest. Although users can choose from a broad variety of assets, there is only one Fiat option available, USD. As it stands, this platform does not support staking. However, Gemini have stated plans to implement staking support in the near future. Learn more about this platform below with our Gemini pros & cons.
- No security breaches
- Accessible via mobile and PC
- Have their own currency: Gemini Dollar
- Huge range of assets to earn interest on
- Fair rates (1.26 - 7.4% APR) on most currencies
- Established company founded in 2014
- Daily compounded interest
- Cold storage & 2FA
- Limited payment methods & international availability
- Charges both commission and convenience fee
- Only one stablecoin option (DAT)
- Not very competitive rates
- Can only buy with USD
- KYC checks
Specification: Gemini Interest Accounts
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