Gemini Exchange Review: Crypto, Trading & Fees

Gemini is a reputable cryptocurrency exchange based in New York that has surged in popularity in recent years to become a leading platform to help beginners get started with digital currencies.

The popular US crypto exchange has focussed on simplicity and ease of use, making it an appealing way to discover popular coins and DeFi tokens through an intuitive and elegant web interface or mobile application.

While we aim to provide you with accurate and the latest information in this Gemini exchange review, we strongly suggest that you visit the website to keep updated with any changes that may occur afterward.

Key  Features:

  • Beginner-friendly and simple to use
  • One of the safest crypto exchanges in the world to custody digital assets
  • Supports fiat deposits in USD, GBP, CAD, EUR, SGD, HKD, AUD
  • A competitive fee of 0.5% per transaction that reduces with volume
  • Trade 26 cryptocurrency assets and popular Defi tokens
  • Recurring orders and set price alerts
  • Intuitive mobile trading app

overall 

4.6/5

Ease of use

User interface

Fees

Security

This post contains affiliate links with our partners who may compensate us. However, this does not influence our review process or rating system. Read our disclaimer for further information.

It is often recommended to use a Bitcoin hardware wallet such as the Ledger Nano X when trading cryptocurrency. The device is used to protect and keep safe the private keys to access Bitcoin. If you don't have a wallet, read our guide on the best cryptocurrency hardware wallets. 

What Is Gemini?

Gemini is a private New York trust company that was founded in 2014 by Cameron and Tyler Winklevoss, commonly known as the "Winklevoss twins". The company provides a legitimate cryptocurrency exchange that is licensed and regulated by the New York State Department of Financial Services (NYSDFS). To maintain its high standard of trustworthiness, the exchange is subject to capital reserve requirements, cybersecurity requirements and banking compliance standards set by the NYSDFS and the New York Banking Law.  

gemini website

Gemini is an exchange and custodian that provides a simple, elegant and easy way for individuals and institutions to buy, trade, store and sell digital assets. The crypto exchange was first established in the United States and has expanded its operation to allow individuals in Canada, the United Kingdom, South Korea, Hong Kong, Australia and Singapore to purchase digital assets using traditional money.

Gemini exchange was voted as the best crypto exchange in 2019 and maintains a high level of security that has built a solid reputation in the industry as a trusted digital asset provider. The exchange has also partnered with top companies in the world such as Samsung, Tradingview, Brave and Nifty Gateway.

Quick Overview

Exchange Name

Gemini

Fiat Currency

USD, GBP, EUR, CAD, SGD, HKD & AUD 

Cryptocurrency

26+

Payment Type

Bank transfers from US bank, credit/debit cards

Trading Fee

0.5%

Deposit Fee

3.49% for credit cards

Withdrawal Fee

None

Mobile App

Yes

Gemini Compared

Cutting-edge security measures, an intuitive user interface and a mobile trading app are important features on Gemini. This comparison table lists alternate crypto exchanges like Gemini for trading Bitcoin & cryptocurrency.

Exchange

Trading Fees

Rating

Review

Promotion

Website

binance

Binance

0.1%

4.8/5

10% off trading fees

coinbase

Coinbase

0.5% - 3.99%

4.7/5

$5 BTC bonus (USA only)

etoro

eToro

Spread only

4.6/5

None available at this time

Disclaimer: Your capital is at risk.

Is Gemini Safe?

The Gemini platform is one of the safest cryptocurrency exchanges to buy and sell digital assets. The digital asset exchange features institutional-grade measures to protect its user's information and funds stored on the platform. Security features include cold wallet storage, multi-signature withdrawal process, Two Factor Authentication, encryption, whitelisting addresses and brute force login protection.

gemini regulated

Has Gemini Been Hacked?

Based on our research, Gemini exchange has never been hacked or compromised resulting in the loss of customer funds or personal information. Gemini is compliant with the internationally recognized security standards SOC 1 Type 1 and SOC 2 Type 2, which set the bench mark for crypto exchanges. In addition to the bank-like security measures for the custody of digital assets and state of the art storage solutions, Gemini provides a safe environment to purchase crypto using the desktop or mobile app.

Features & Services

Gemini offers cutting-edge trading products and services to its customers all over the world. The exchange is primarily a place to buy, trade and sell crypto, however, offers attractive features such as:

  • Elegant, clean and simple way to buy digital currencies
  • Supports 7 fiat currencies for user's located all over the world
  • Buy, trade, store and sell 26 popular crypto coins and popular DeFi tokens
  • Global payment methods such as debit card, bank transfer and crypto
  • Certified exchange for a high standard of financial operations compliance
  • Funds stored on Gemini wallet and insured with leading insurance providers
  • Integration with WebAuthn to secure Gemini account with hardware security keys
  • Intuitive mobile app for Android and iOS devices (and smart-watches)

Supported Countries

Gemini exchange has expanded globally to become a true international cryptocurrency exchange for individuals that want to purchase digital assets. The USA based exchange provides its crypto services to countries such as the United Kingdom, Canada, Australia, Singapore, South Korea and others. To view the full list of supported countries, visit the Gemini website.

Registration, Login & Account Verification

To create an account with Gemini users will need to go through a registration process to open an account. The information required to get started includes full name, email address and to set a password. Verification of the email address completes the basic account creation process.

The documents required to complete the Gemini verification process varies depending on the user's place of origin. US customers will need to upload a state-issued ID, driver’s license, passport or passport card. Additional verification documents may be required for the user's in other countries like proof of address (e.g. bank statement, utility bill, or mobile phone bill). ID verification takes less than 24 hours to complete once the documents have been uploaded. 

Buying & Selling Cryptocurrency 

Gemini has been designed to make it easy for investors and traders to get started with digital currencies. The interface on the web and mobile version has been designed for all experience levels with an easy to use, elegant and simple user interface. 

gemini dashboard

Once a Gemini account has been created, the user can log in to view the list of supported cryptocurrency assets on the exchange. The main dashboard provides a quick summary of the prices, 24-hour change and percentage change which can be sorted from ascending to descending and vice versa. 

Related: Gemini vs. Kraken Comparison: Which Crypto Exchange Is Best For Beginners?

Buying cryptocurrency instantly on Gemini can be performed using a single interface. A basic price chart shows the value of the asset which is represented as a line graph and the duration can be changed between daily, weekly, monthly and yearly time frames. There is no complicated charting system, order books, trade history and volume profiles that an advanced cryptocurrency trading exchange would normally show.

gemini buy bitcoin

Adjacent to the price chart, the order entry window has two options for buy and sell. Here, traders can select the frequency of the transaction which can either be a one of purchase (or sell) or recurring order. Users can enter in the amount of fiat currency to spend, review the order and proceed to place the transaction.

Once a trade request has been made, Gemini will display an order confirmation window for the user to confirm the value of the trade, the transaction fees and to select a payment method. The end-to-end process to buy cryptocurrency with Gemini is extremely simple. There are no complicated menus, clutter, distractions or pop-ups. Users that rely on technical analysis can integrate Gemini with TradingView, a leading cryptocurrency charting software platform (as shown below). 

gemini tradingview

Gemini keeps a record of all transactions made which can be viewed for each coin under the asset description. This is useful for viewing previous orders, the purchase price and even the average buy price to determine the overall net position of the asset within the user's portfolio.

To help beginners, each coin has a summary page with an analysis on the market cap, 24-hour trading volume and its circulating supply. There is also a summary of each coin to provide an overview of the digital asset the investor intends to purchase using the Gemini exchange.  

Not all cryptocurrency exchanges are the same.

COMPARE GEMINI WITH OTHERS

Supported Fiat & Cryptocurrency Assets

Gemini allows users on the platform to buy & sell digital assets by supporting seven fiat currencies such as USD, GBP, EUR, CAD, SGD, HKD and AUD. Traditional currencies can be deposited to the Gemini exchange using a variety of payment methods such as debit card and transfer from a bank account.

Once the funds have arrived in the Gemini wallet, user's can view the live prices of the cryptocurrency assets before purchasing. The exchange supports 26 cryptocurrencies such as Bitcoin, Ethereum, XRP, Litecoin, as well as popular DeFi tokens such as Yearn Finance and Uniswap.

Gemini Mobile App

Gemini exchange provides a safe and easy way for investors and traders alike to buy, trade, store and sell digital assets such as Bitcoin and Ethereum using a mobile trading app. Users can track and monitor live cryptocurrency prices in real-time using the app which is available for Android and iOS devices. Great features of the Gemini app include:

  • Chart assets using a seamless and intuitive interface
  • Monitor and track portfolio performance quickly
  • Ability to set price alerts to act quickly on price movements
  • View to check live and historical prices
  • Schedule recurring orders
  • Light and dark mode
  • Compatible with Apple Watch and Android Wear devices

Overall, the Gemini trading app includes the majority of features available on the web version and provides a way for individuals to get started with Bitcoin and other currencies using a handheld device.

gemini app

Trading Fees

Gemini charges a flat 0.5% (or 50 basis points) trading fee above the prevailing Gemini market price for all buy and sell transactions using the web or mobile trading applications. Depending on the volume traded, an additional transaction fee surcharge will be applied for fiat transactions. For a full list of fees for supported fiat currencies (e.g. USD, CAD, GBP, EUR, HKD, SGD and AUD).

Volume

Transaction Fee

≤ $10.00

$0.99

> $10.00 but ≤ $25.00

$1.49

> $25.00 but ≤ $50.00

$1.99

> $50.00 but ≤ $200.00

$2.99

> $200.00

1.49% of your Web Order value

Gemini utilizes a different fee model for active investors that use the trading platform which varies depending on the user's 30 day trading volume. The transaction costs are based on a maker and taker fee model that start from 0.35% and 0.25% respectively. Compared to other cryptocurrency trading platforms, the Gemini fees are high for active traders that want to speculate on digital currencies in the short term.

Deposit Fees

Gemini offers its users zero-deposit fees to transfer fiat currency or cryptocurrency assets to the exchange. There are no fees for bank transfer deposits and crypto coins, however debit card purchases will incur a 3.49% fee on the total purchase amount that includes the trading fee.

Deposit Method

Fee

Cryptocurrency

Free

Wire transfer

Free

Debit card transfer

3.49% of total purchase amount

Withdrawal Fees

Gemini does not charge a fee for making less than 10 withdrawals of the supported digital assets (e.g. GUSD, Bitcoin) per month from the exchange. For greater than 10 withdrawals a month, a network fee will apply which varies on each coin. For example, the withdraw fee for Bitcoin is 0.001BTC. In comparison, the Gemini fee to withdraw Bitcoin is double that of Binance, which charges 0.0005BTC to withdraw Bitcoin.

For fiat currency withdrawal to a US bank account, there is no additional Gemini fee. 

Gemini Earn

Gemini has introduced a feature to allows its users funds within a wallet to earn compounding interest on cryptocurrencies up to 7.4% APY. The Gemini Earn program is available to US customers only and available in all states, however is expected to be rolled out globally in the near future. The earn platform gives the flexibility to move the crypto assets to the trading platform (with interest) and vice versa.

Like the overall user experience, the Gemini Earn Interest Calculator is easy to use to calculate potential interest payments on all of the supported coins over a 1 to 4 year period.

gemini earn interest filecoin

Security

Gemini takes pride in offering a safe and secure cryptocurrency exchange for individual and institutional investors on the platform. The exchange features several safety measures to protect user's personal information and funds from external threats, internal error (e.g. human mistakes) and misuse of internal authority.

To ensure customer's funds and information are kept safe and protected on the crypto exchange, Gemini utilises the following institutional-grade security measures which are considered to be industry-leading practices:

  • Offline cold storage to hold the majority of funds
  • Funds stored across geographically distributed locations
  • Multi-signature scheme to eliminate single points of failure 
  • Coordinated actions from multiple employees with multi-factor authentication
  • 2FA for account login and withdrawal request
  • Whitelisting to limit the transfer of funds to approved addresses only
  • Brute force attack protection against multiple failed login attempts 
  • Encryption to protect user login and personal information

Customer Support

Gemini provides a support email address for its user to contact the customer service team with any troubleshooting issues. There is also a help desk or ticket system to submit an inquiry and be contacted via email by the customer support team. The website includes a comprehensive FAQ section that addresses the common issues and concerns raised by users on the platform. The site covers topics such as how to get started, Gemini app, fiat transfers, trading, deposit & withdrawals, custody, security and 2FA.

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Frequently Asked Questions

Who Owns Gemini?

Gemini exchange is a private New York trust company that was founded in 2014 by Cameron and Tyler Winklevoss, also known as the "Winklevoss twins". The company has expanded to over 100 employees that serve customers in the United States, Canada, Europe, South Korea, Singapore and Australia.

Is Gemini Better Than Coinbase?

Gemini and Coinbase are legitimate, trustworthy and safe cryptocurrency exchanges with many similarities between them. Which one is considered to be the better exchange depends on personal preferences. Users that want to buy Bitcoin other cryptocurrencies with a credit card will need to use Coinbase as Gemini does not offer this feature. If fees are more important, users will save on transaction costs using Gemini which has slightly lower fees.

Has Gemini Been Hacked Before?

Based on our research, Gemini exchange has not been hacked or compromised due to its bank-like security measures and operational measures that have been put in place. The strong security-first culture helps to ensure the safety of funds entrusted by users to be stored with Gemini and it's custodians.

Is Gemini Available In Australia?

Gemini is a supported Australian crypto platform that accepts payment in Australian Dollars (AUD) in exchange for cryptocurrencies. Local residents can deposit funds to purchase digital currencies like Bitcoin, Ethereum and XRP using a debit card.  

Is Gemini A Good Place To Buy Bitcoin?

Within the United States, Gemini offers one of the better exchanges to purchase Bitcoin with US Dollars. The platform is designed for beginners and offers local payment methods such as bank transfers and also debit cards. Gemini is a well-respected exchange that is regarded as one of the safest places for high net-worth individuals and institutions due to its strict compliance with regulations and insurance policies.

Conclusion

To conclude our Gemini review, the crypto exchange has established itself as a trustworthy and reputable platform for investors and institutions to get started with digital currencies such as Bitcoin and Ethereum. The simple, seamless and elegant design on the web and the mobile trading app will appeal to a wide range of individuals and help them discover and use blockchain technology.

Out of all the exchange reviews on hedgewithcrypto.com, we were most impressed with the transparency and thoroughness of the security measures that are implemented to ensure customers feel safe using the platform. 

You Might Also Be Interested In:

Exchange fees are a very important consideration for any prospective cryptocurrency investor. The following exchanges - in addition to the above exchange - provide very competitive trading, deposit and withdrawal fees (with no hidden charges) with a wide variety of deposit methods that will suit all types of cryptocurrency investors.

  1. Changelly
  2. Bitit
  3. bitFlyer
  4. CoinZoom
  5. OKEx
  6. KuCoin
  7. WazirX
  8. Crypto.com
  9. Phemex
  10. StormGain

Gemini

4.6

Ease of use

5.0/5

Reputation

4.8/5

Trading fees

4.0/5

Security

4.8/5

Customer support

4.5/5

Pros

  • Simple and easy to use exchange
  • US customers supported
  • Accepts variety of fiat deposits
  • Transfer funds using debit card or bank transfer
  • World-class security features

Cons

  • No margin or derivatives trading
  • Does not offer lending and interest products
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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.