There are several options to choose from, so choose the option most compatible.īefore you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. The reason for this is Gemini's commitment to certifications, and compliance with regulations and insurers.Īfter selecting the Get Started button, fill in the create account form.īefore you can start trading, you have to add your bank account to your Gemini account. Gemini deposit methodsīefore you can even get started trading on Gemini, you have to go through the rigorous verification process (which usually involves proof of identification). If a platform advertises zero fee trading then beware that they may charge a spread instead. A spread fee is usually only apply to instant purchases and not the spot market. A spread is the difference between the purchasing price and sale price of an asset and can be thought of as a markup. This is the fee charged when you place a market buy order. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately. A maker fee is the fee charged when you propose an order for other traders to take. Beware that Gemini also charges a spread which may not be displayed when making a purchase. Instant purchases incur a separate 0.03-0.4% fee. Gemini uses a maker taker fee structure for spot market trading. Others: None (for 10 withdrawals and below per month) Paypal: 2.50% of total deposit amount + Trading FeesĬryptocurrency: None (for 10 withdrawals and below per month) Gemini fees Deposit & withdrawals fees Transaction typeīank transfer (ACH): None, bank fees may apply In total, 12 of the top 20 cryptos are available on Gemini. Namely, Tether, BNB and USD Coin, which are in the top 20 cryptos by market cap. Gemini supports over 127 cryptocurrencies, but some notable assets are missing. The company is headquartered in New York City. Gemini was founded in 2015 by the Winklevoss twins of early Facebook fame. You can not use Gemini if you are a resident of District of Columbia It can take days to receive a reply from Gemini’s customer support staff. When you use Gemini’s ActiveTrader platform – as opposed to the simplified platform – trading fees range from 0% to 0.4%. Moderate trading fees on advanced trading platform.Both the fiat currencies and crypto assets that you leave in the custody of Gemini are insured. Fees are also cheaper when you use the ActiveTrader option. Gemini’s ActiveTrader platform – its advanced trading interface – allows you to see charts that provide up-to-the-minute data on the assets you choose to trade. If you are new to investing in crypto, Gemini’s UI makes it easy for you to get started. Beginner-friendly user interface (UI).You can earn up to 3% on some crypto purchases with the Gemini credit card. Gemini is one of the few crypto exchanges that’s available to all US residents. Available to US residents in all 50 states.All international money transfer services.
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