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Gemini Review

Last Updated: Jul 10, 2023  |  Published: Apr 8, 2022


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Our Review 

Gemini offers 80+ coins, lots of security features, 10 free crypto withdrawals per month and a great user interface for beginner and advanced traders. The downsides are limited altcoins and and high trading fees which can be up to $5 or 1.49% for instant trades.

Where It Shines:

  • Great User-Interface: Gemini is very easy to use on mobile and web
  • Great Reputation & Security: Founded in 2014 and never been hacked. They offers more security features than most platforms such as $200m insurance and more 
  • 10 Free Crypto Withdrawals Per Month
  • Beginner & Advanced Trading

Where It Falls Short:

  • Small Amount of Altcoins: Only 80+ coins which is low compared to competitors like Binance (600+), KuCoin (500+), Gate.io (1000+)
  • Confusing Fee Structure: Gemini charges various web trading fees, mobile app fees, advanced trading fees
  • High Trading Fees: Trading fees can be up to $5 or 1.49% for instant trades and 0.20%/0.40% maker taker fees on the ActiveTrader which is higher than most platforms
  • Product Restrictions: Due to regulations, products like the credit card, Gemini Earn and certain features are only available in select markets 

Gemini Exchange

About Gemini

Gemini is a crypto exchange headquartered in New York and was founded in 2014 by Cameron and Tyler Winklevoss. They are available in 60+ countries and brand themselves as a security-first and compliant platform. On Gemini, you'll find 80+ coins, rewards, a credit card, and more on an easy-to-use platform.

Some Stats:

  • Founded in 2014
  • Headquarters in New York πŸ‡ΊπŸ‡Έ
  • Available in 60+ countries
  • $200 million in cold storage insurance

Fees & Spread

Fee Type

Amount

Web & Mobile Trading Fees

$0.99 to $5.00 for below $200-$250 (varies on region)

1.49% for above $200-250 (varies on region)

See more here

ActiveTrader Fee (Advanced Trading)

0.20% Maker

0.40% Taker

Debit Card Transfers

3.49%

Gemini Earn Fees

0.01%-3.30%

Link To All Fees

Price Test & Spread

Price Test (On Apr x, 2022)

Prices

Total BTC Purchase Fee

0.00%

Total BTC Selling Fee

0.00%

ActiveTrader Fee (Advanced Trading)

0.20% Maker

0.40% Taker

BTC Spread

0.00%

BTC Buy Price

$00,000

BTC Sell Price

$00,000

Ref. Price Difference

Buy:

Sell:

Reference Price (Google)

$00,000

More Information

We tested 20 cryptocurrency exchanges at the same time to compare the true fees. This data was collected on Mar 2, 2022 at 4:41pm and is subject to change since spreads and prices change daily.

  • *Total BTC Purchase Fee = Trading Fee + Buy Reference Price Difference
  • *Total BTC Selling Fee = Trading Fee + Sell Reference Price Difference

Keep in mind, there could be additional fees for depositing/withdrawing fiat. Check fees for your local fiat currency if it is supported on this exchange.

You can compare all platforms tested on this page

Trading Fee Discounts

Gemini Dynamic ActiveTrader Fees

Deposit & Withdrawals

Fiat Currencies

Fiat Wallets

(Deposit/Withdrawals supported)

USD

AUD

CAD
EUR*

GBP*

SGD

HKD

Debit Card

Yes (3.49% fee)

P2P Exchange

No

*European users can only hold EUR and GBP due to regulations

Crypto Withdrawal Fees

Type

Under 10 Withdrawals Per Month

Over 10 Withdrawals Per Month

Bitcoin

Free

0.001 BTC

Ethereum

Free

0.001 ETH

GUSD

Free

Free

What We Found

Gemini is supported in 60+ countries and offers 7 fiat wallets (USD, AUD, CAD, EUR, GBP, SGD, HKD). For cryptocurrencies, individuals get 10 free withdrawals per month which is very good and something most platforms don't offer.


Platform & Features

List of Features:

  • iOS, Android and Web app
  • 80+ Cryptocurrencies
  • Multiple Fiat Currencies Support
  • One Click Orders
  • Recurring Purchases
  • Gemini ActiveTrader (advanced trading)
  • Gemini Earn
  • Gemini Dollar (GUSD)
  • Gemini Pay
  • Gemini Credit Card
  • Gemini Wallet
  • Referral Program
  • And more

1. iOS, Android and Web App

2. One Click Orders

3. Recurring Purchases

4. Gemini ActiveTrader

  • Ability to Connect TradingView

5. Gemini Earn

6. Gemini Dollar (GUSD)

7. Credit Card

8. Gemini Wallet

9. Referral Program

10. Other Features

  • Gemini Custody
  • Gemini Clearing
  • API Keys Management
  • Institutional Accounts
  • Gifting Bitcoin
  • And more...

Security

With their track record and info available online, Gemini is a trustworthy exchange. They offer 2FA, $200m in cold storage insurance, and have never had a hack (founded in 2014). I've reviewed 50+ crypto exchanges on RankFi so far and Gemini has more security features than most platforms, or at least communicate it will. 

Gemini has lots of security measures and communicates them well on their website. Their website literally says, "Trust is our product" and "Safety by design" so I rounded up all of their security features. The security can be divided into two main categories: company security and user security features:

Gemini's Company Security Features

  • Founded in 2014 and never had any hacks
  • Published a Proof of Reserves system
  • Digital assets held in multisig cold storage wallets
  • $200 million of insurance coverage on their cold storage
  • Insurance coverage against theft of hot wallets
  • They work with regulators in 60+ countries and regions including New York and Ontario
  • Regulated in New York by NYDFS (one of the most strict crypto regions)
  • Gemini Custody is trusted by many companies in the crypto space
  • Publicly facing team and CEO (not anonymous)
  • They have systems in place to block wallets associated with scams
  • Completed SOC 1 Type 2 exam, SOC 2 Type 2 exam, and earned an ISO 27001 certification
  • Bug vulnerability program (get paid to find bugs)
  • Rigorous background checks on employees
  • They hire third parties to perform penetration tests at least once a year
  • See their security page and trust and safety page for more

Gemini's User Security Features

  • Two-factor Authentication for login and withdrawals(Email, SMS, Authy, Hardware)
  • Approved addresses list 
  • App unlock with fingerprint / Face ID / Pin
  • Activity notifications via email
  • Login history information (see IP addresses, date/login times etc)
  • View website live-status page

Customer Support

Gemini offers customer support via email, chatbot and a help center with articles and FAQs

Gemini Customer Support

Compare

Compare the world's largest and most popular cryptocurrency exchanges:

Name

Coins

Standard Trading Fee

Supported Countries

Fiat Wallets?

BTC Withdrawal Fee

Website

240+

0.10%

190+

No

0.0005 BTC

Binance

Binance πŸ†(#1 overall)

600+

0.10%

100+

Yes

0.0005 BTC

150+

0.20%

?

Yes

0.0004 BTC

750+

0.25%

180+

No

0.0005 BTC

50+

0.50%

?

Yes

0.0005 BTC

300+

0.75%

100+

Yes

0.0003 BTC

140+

0.10%

180+

No

0.0005 BTC

170+

3.99%

100+

Yes

Dynamic

110+

0.60%

100+

Yes

Dynamic

30+

0.10%

150+

Yes

0.15%

250+

0.40%

90+

Yes

0.0006 BTC

40+

0%

50+

Yes

0.50%

1400+

0.195%

190+

No

0.001 BTC

60+

1.49%+

60+

Yes

0.001 BTC

60+

0%

100+

Yes

0.0005 BTC

500+

0.20%

130+

Yes

0.0005 BTC

190+

0.26%

190+

Yes

0.00002 BTC

Kucoin Exchange

KuCoin πŸ†

700+

0.10%

190+

No

0.0005 BTC

1500+

0%

190+

No

0.0003 BTC

OKX

OKX πŸ†

350+

0.10%

100+

No

0.0002 BTC*

300+

0.155%

100+

No

0.0005 BTC

130+

0%

180+

Yes

0.0003 BTC + $2.99

Gemini Exchange

Gemini

Trade 80+ cryptocurrencies