Tired of reading misleading Gemini review? Here is an accurate review written by a cryptocurrency expert. There have been many cryptocurrency platforms that have defrauded their users, and very few have the necessary security measures to keep trader funds safe. There has been a lot of interest surrounding Gemini, a cryptocurrency exchange launched in 2005, but there has been a lot of conflicting information about it. In this Gemini cryptocurrency exchange review, we look at the features, trading options, the associated fees, and answer the question, ‘Is Gemini safe?’
Updated Gemini Review
The Gemini exchange is a fully regulated cryptocurrency exchange since it is one of the exchanges that has agreed to the regulation terms set by the New York State Department of Financial Services. Traders also get charts, an order book, and more trading tools for analysis on the web interface. Gemini has two types of accounts, one for individual traders and another for institutional traders.
The Gemini cryptocurrency is a web-based trading platform that also comes with a mobile app for users who wish to trade on the go. It uses the sandbox type interface on both platforms. Gemini’s main digital assets are Ethereum and Bitcoin and the only fiat currency accepted on the platform is the US dollar. Traders have several orders to choose from including Buy/Sell Limit, OCO, Buy/Sell Stop, Good-till-day, and Market Buy/Sell.
Deposit, Trading, and Withdrawals Fees
Users of the platform can make deposits using the US dollar, or BTC and ETH cryptocurrencies. Gemini does not charge an amount for the deposits, but bank and credit card fees may apply for the transaction. The maker and taker fees are set at 0.01%, but it is subject to change, but always refer to the trading fee section of the website before making any trades.
The trading fees vary depending on the trading volume, so it is best to watch out for them. Users are charged between 0.002 BTC and 0.001 ETH for cryptocurrencies withdrawals. There are deposit and withdrawal limits which are dependent on whether you are an individual or institutional investor.
Gemini has 24/7 customer support on the exchange for when you need assistance with your account, or you have faced difficulties at any stage of the trading process. There are several channels including Twitter, Facebook, email, live chat on the website, and an online help desk on the support section of the website.
Is it Safe?
Gemini is bound to the security, banking, and capital reserve regulations and this ensures that there are no fraudulent practices. This also assures users that the security protocols are up to standard. The platform also 2-factor authenticator to safeguard user accounts and it also stores over 90 percent of the traders’ digital assets in cold wallets, and it also incorporates an air-gapped storage system for extra security.
With such levels of security, and taking into the account that they have not had major security breaches since inception, we can vouch that it is a secure platform.
Gemini is one of the few cryptocurrency exchanges based in the US catering to residents in Singapore, Canada, Hong Kong, the UK, and South Korea. The platform only supports BTC and ETH cryptocurrencies, and most people find it too restricting.
You are better suited to using a regulated exchange such as Gemini over unregulated exchanges. Create an account today and use a unique password to protect your account, and also set a password for your withdrawals. We hope that our Gemini review helps you make the right decision and wish you nothing but success in the cryptocurrency industry. You can read more cryptocurrency news here.