Gemini Review

Donny Gamble
March 6, 2022
4.0
Personalincome rating

Gemini is the most secure platform out there, even above the giants like Coinbase, FTX, and Binance. Gemini has actually seen some slower growth as a result, being available in fewer countries than their counterparts and offering less coins, but offering so much more on top of it.

Gemini logo
on Gemini's website
Gemini
FEES
Varies depending on amount
Minimum DEPOSIT
$0
PROMOTION

No deposit or withdrawal fees.

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The information provided on this page does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual.

Key Takeaways

  • For Everyone: Security appeals to everyone, but the enhanced UI that doesn’t overwhelm new users, while still providing seasoned users with valuable information and insight, is absolutely fantastic
  • Real-Time Support: Gemini customer service is available and experienced, and their real-time status updates about scheduled maintenance and downtime help you to plan your trading accordingly
  • Rewards Card: Gemini has a crypto rewards credit card, and they’ve actually done it right (unlike some other exchanges out there)

Pros & Cons

Pros
  • Widespread Availability
  • Excellent Security
  • Hot Wallet Insurance
Cons
  • Lower Number of Coins
  • Higher Trading Fees

Gemini has become a great crypto marketplace for many, but it still lacks features compared to the likes of FTX or Coinbase. So what’s the big hype about Gemini? Why are people flocking to it?

One word: security. Gemini continues to boast some of the best security in the game, and when you read about the insecurities in a lot of crypto networks and exchanges, you want as much safety as you can possibly get.

This is everything you need to know about Gemini from fees to company performance, and everything in between.

About Gemini Exchange

Gemini is a licensed, compliant cryptocurrency exchange that doesn’t require nearly as many bits of personally identifiable information as other top exchanges.

They offer excellent financial products, top-tier security, and boast the mentality of “Asking for permission, not forgiveness” on their website. Ethical, secure, and committed is how we would describe Gemini.

Product Offerings

Gemini offers some unique products and anyone can get excited about.

  • Gemini Earn: Earning up to 8.05% interest on cryptocurrency you already own, which can be very lucrative if you have a diversified coin portfolio
  • Gemini Crypto Card: Around 3% return on purchases, and that return is given in the form of cryptocurrency (US only)
  • Gemini Exchange: Simply put, their exchange where you can buy and sell your cryptocurrency
  • Gemini Pay: Just like it sounds, pay using your Gemini account; the feature is still being worked on, although it looks promising for the future
  • Gemini Wallet: Your on-platform wallet that is covered by hot wallet insurance, which helps you trade more frequently without having to fund from an external wallet and miss out on time

Gemini also has programs like Gemini Dollar, Gemini Custody, and ActiveTrader, all of which help you become a better cryptocurrency investor and make the most out of your trading experience and funding.

Gemini Fees

Gemini has a more complex fee structuring system, but overall, they offer a transparent process. You can expect up to 0.35% taker fees and up to 0.25% maker fees for transactions.

On top of that, there are one-off transaction fees depending on how you’re funding your account. Web orders, for instance, can cost up to $2.99 if you’re spending between $50 and $200,000, but then under $200 could also be charged at 1.49% of your total web order value.

It’s a bit complicated, but they lay it all out on the line.  Their fees can be found here, and should be inspected carefully depending on which financial products you plan to use.

Market data fees, connectivity fees, and additional fees can affect how you trade if you don’t plan for them.

Who is Gemini Best for?

Gemini is best for anyone whose primary concern is security when it comes to trading cryptocurrency. Their platform is simple enough for anyone to use, but the main benefit comes from having access to their financial products that we talked about earlier.

Gemini is taking a different approach to being a crypto marketplace, and we’re all for it.

Gemini FAQ's

Is Gemini safe and legit?

Yes, Gemini is a legitimate exchange that you can trust. We’ve funded our own accounts through Gemini and had zero problems with them through any step of the process.

They’re an authentic cryptocurrency exchange with the history to show for it. In terms of safety, you can’t get a safer platform than Gemini.

Not only do they not have a history of hacker exploits, but they continue to help other exchanges with their own security: that’s how well they’re doing.

Should you use Gemini to buy crypto?

Yes, Gemini is excellent for buying cryptocurrency. The main point of Gemini is to have a security-heavy institution to trade on, so you won’t have to worry about hackers (any more than you should) and you’ll rest assured knowing that your crypto is safe. 

Your transactional information will be secure. Gemini takes security more seriously than just about any other exchange on the market.

Is Gemini good for beginners?

Half of Gemini is good for beginners. They have options available for institutional investors to handle their funds and track things on a larger scale, although this isn’t a feature that you’re forced to use.

The UI is good and clean, and beginners will have an easy time navigating Gemini. It has a similar feel to Coinbase in the way that it’s designed, so you’ll be able to navigate it well if you’re coming from there.

How does Gemini make money?

Gemini makes money off of transaction fees, interest, and custodial fees for keeping your crypto on the platform. On top of that, there are interchange fees as well as interest on cash, so they make their money in a multitude of ways.

Because of the volume that people usually trade on Gemini, we imagine that the majority of their money comes from transaction fees.

Does Gemini sell any of my personal information?

Gemini uses quotations over the word “sell” on their website, stating the following: “We do not “sell” any personal information, as “selling” is defined under the CCPA.”

This leaves room for interpretation. According to the rest of their privacy policy, Gemini is not in the business of selling personal information for profit. They appear to be a safe and reputable trading platform.

For context, the definition of selling as defined by the CCPA is: “selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a consumer's personal information by the business to another business or a third party for monetary or other valuable consideration.”

Compare to Other Exchanges

Coinbase logo
TRADING FEES
1.49%
MINIMUM DEPOSIT
$0
PROMOTION
Offers $5 free bitcoin to new users
Binance logo
TRADING FEES
.1%
MINIMUM DEPOSIT
$0
PROMOTION
$100 bonus on qualifying deposit
FTX logo
TRADING FEES
0%-0.4%
MINIMUM DEPOSIT
$0
PROMOTION
5% off trading fees

Gemini Exchange

Gemini exchange is one of the most safest global cryptocurrency exchanges out there with very competitive trading fees.

  • Gemini Exchange
  • Rating: 4
  • Reviewed by:
  • On March 6, 2022
  • Last modified:March 7, 2022

Review Summary:

Gemini exchange is one of the most safest global cryptocurrency exchanges out there with very competitive trading fees.

Review of: Gemini Exchange

Reviewed by:
Rating:
4
On March 6, 2022
Last modified:March 7, 2022

Summary:

Gemini exchange is one of the most safest global cryptocurrency exchanges out there with very competitive trading fees.

About the author 

Donny Gamble

I’m Donny. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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