Gemini Interest Accounts

Gemini Interest Accounts

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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.

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8/10 (Expert Score)
Product is rated as #6 in category Interest Accounts

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.

Fees
6.5
Interest Rates
5
Supported Currencies
9
Reputation
8.5
Security
9.5
Customer Support
7.5
PROS:
  • 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
CONS:
  • 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

Loan Information
Staking
Staking Percentage N/A
Company & Availability
Headquarters New York
Year of origin 2014
Number of users 13,600,000
Insurance Coverage Marsh and Aon, Per Wallet
Previously hacked No
KYC
Credit Check No
Savings Information
Supported Fiat Currencies
Supported Cryptocurrencies , , , , , , , , , , , , , , , , , , , , , , , , ,
Cryptocurrency APY Interest
BCH APY 4.55%
BTC APY 3.05%
ETH APY 3.05%
LTC APY 5.10%
PAXG APY 3.92%
Stablecoin APY Rates
DAI APY 7.40%
Asset protection & Insurance
Audited Deloitte
Cold Storage Yes
Company Backing Marsh and Aon
FDIC insurance Yes
Insured by Marsh and Aon, Personally insured
Specification
AAVE APY 5.83%
BAT APY 3.49%
COMP APY 2.47%
MKR APY 1.98%
REN APY 1.77%
UMA APY 1.77%
ZEC APY 1.75%
AMP APY 1.78%
CRV APY 1.77%
FIL APY 7.4%
OXT APY 2.47%
SNX APY 1.77%
UNI APY 3.59%
ZRX APY 3.68%
BAL APY 1.54%
KNC APY 1.77%
MANA APY 1.8%
STORJ APY 1.77%
YFI APY 3.29%

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