Gemini is a regulated cryptocurrency exchange founded by Cameron and Tyler Winklevoss, allowing users to buy, sell, and securely store cryptocurrencies. Known for its strong emphasis on security and compliance, Gemini also offers features like its own stablecoin, the Gemini dollar, and a tiered service catering to both casual investors and professional traders.
What is Gemini?
Gemini, a centralized cryptocurrency exchange (CEX) based in New York, operates under the regulatory oversight of the New York State Department of Financial Services. It caters to users in all 50 U.S. states and over 60 countries. Focused on security and compliance, Gemini offers a curated selection of over 80 cryptocurrencies and more than 21 crypto-to-crypto trading pairs.
User-Friendly Platform for All
Gemini targets both beginners and advanced traders, featuring an intuitive user interface and an extensive library of educational content for newcomers to the crypto space. Noteworthy is its early attainment of 'SOC 1 Type 2' and 'SOC 2 Type 2' certification, emphasizing the platform's commitment to user account security. Gemini also provides insurance coverage against specific types of losses.
Gemini's Product Ecosystem
The Gemini platform encompasses various products, including Gemini ActiveTrader (for skilled traders), Gemini Exchange, Gemini Derivatives, Gemini Wallet, Gemini Mobile, Gemini Clearing, Gemini Dollar (GUSD), and Gemini Custody.
Founders: The Winklevoss Brothers
Founded by Tyler and Cameron Winklevoss, identical twins, former Olympic rowers, and founders of Winklevoss Capital Management, Gemini reflects their vision for a secure and compliant cryptocurrency exchange. The Winklevoss brothers are known for their involvement in projects like HarvardConnection and Guest of a Guest, as well as their legal battles with Mark Zuckerberg over the creation of Facebook.
Launch Timeline
Gemini Trust Company, LLC was officially announced in early 2014 and went live in October 2015, marking its entry into the cryptocurrency exchange landscape.
Global Availability, Restricted Countries
Gemini is accessible in over 60 countries, including the United States, the United Kingdom, Canada, Australia, Hong Kong, and Singapore. A comprehensive list of supported countries is available on their official website.
Supported Cryptocurrencies
Gemini enables users to trade and hold more than 80 cryptocurrencies, such as BTC, ETH, GUSD, XRP, ADA, AAVE, DAI, LINK, LTC, and USDC.
Fee Structures on Gemini
Gemini offers diverse fee schedules, depending on the product and usage level. The fee categories encompass API fees, Mobile fees, Marketplace fees, app fees, custody fees, ActiveTrader™ fees, transfer fees, and more. Trading fees under Active Trader follow a maker-taker model, with rates varying based on the user's 30-day trading volume.
Leverage and Margin Trading
Gemini provides leverage or margin trading options. Users can access up to 100x leverage for BTC, ETH, and PEPE perpetuals through the Gemini Crypto Derivatives product. Leverage defaults to 20x at the account level.
What are the trading fees on Gemini?
Gemini offers diverse fee schedules, depending on the product and usage level. The fee categories encompass API fees, Mobile fees, Marketplace fees, app fees, custody fees, ActiveTrader™ fees, transfer fees, and more. Trading fees under Active Trader follow a maker-taker model, with rates varying based on the user's 30-day trading volume.
Does Gemini offer leverage trading?
Gemini provides leverage or margin trading options. Users can access up to 100x leverage for BTC, ETH, and PEPE perpetuals through the Gemini Crypto Derivatives product. Leverage defaults to 20x at the account level.
Is there a research audit report for Gemini?
Is Gemini safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
