When it comes to finding a trustworthy and reliable crypto platform, it takes a lot of time for traders to choose one platform from hundreds of options. However, Gemini is one among them that is good for beginners who are in the learning phase. With top-notching features, education support, and various cryptocurrency making, it is the best crypto platform.
Must Read Our Gemini Review, which will cover detailed information and decide whether the platform is the right choice.
What is Gemini?
Gemini, a US-based user-friendly crypto platform, is a good fit for crypto traders as it offers a wide range of cryptocurrencies. It has implemented the highest security standard to keep the funds secure of clients. The platform never becomes a part of cyber attacks and scams, which shows its authenticity.
Pros and Cons of Gemini
Not a single online broker is perfect for making trades in cryptocurrencies; similarly, Gemini also has some pros and cons that are mentioned below:-
Pros of Gemini
- User-friendly crypto trading platform
- Platform Offers 100+ Cryptocurrencies
- Refer and Earn Program
- Can earn interest on cryptocurrency balances
Cons of Gemini
- Available only in the US states
- Charges High Fees comparatively to other platforms
- Lacking in Customer Contact
Is Gemini Legit or Scam?
Yes, Gemini is a legit platform as it is regulated by the New York State Department of Financial Services.
Moreover, this is a platform that holds various licenses which include a New York trust license, an E-Money License from the Financial Conduct Authority in the UK, state money transmitter licenses (or the statutory equivalent), and an E-Money License from the Central Bank of Ireland.
What Trading Platforms Available At Gemini?
Traders can trade in crypto through the Gemini App app by installing it from Google Play Store (Android) or App Store (iPhone)
- User-Friendly and Intuitive Interface
- Can Check Market Live Rates of different cryptos
- Can Access Educational Resources like Blog, Newsrooms, PressReleases, etc.
If you are working on complex trades, then you always prefer to do it on a web-based platform. As Gemini web app has various benefits:
- Gemini web is best for complex trades
- It gives you a more clear picture of different trades
- Easy Transactions
Gemini Active Trader
The crypto trading platform promises to deliver a professional-level experience by using the active trading platform that comes up with the following features:-
- Advanced Charting
- Multiple or Limit Order
- Deep order book visibility
Gemini Fee: Trading, Deposits, and Transaction Fees
Gemini charges slightly higher fees than other exchanges, which may vary depending on the platform you are using. Let’s discuss and have a quick look at the fee section:-
- You don’t have to pay for transaction fees for U.S bank deposits or wire transfers but if you are using a debit card for making transactions 3.49% fee is applicable and other fees as well.
- Mobile and web app users must pay a flat 0.5% on the above current trading price (convenience fee).
- Gemini charges a transaction fee depending on the amount traded, and we have mentioned this in a table format below:-
|Total trade amount||Fees|
|$10 or less||$0.99.|
|More than $10 and up to $25||$1.49.|
|More than $25 and up to $50||$1.99|
|More than $50 and up to $200||$2.99.|
|More than $200||$2.99.|
The official website of Gemini has a different page for Fees depending on product & usage level. For more detailed information about fees, you can visit gemini.com/fees.
Gemini Product Offerings
Gemini exchange platform makes trading easier by allowing traders to research cryptocurrencies from different options. Moreover, traders can purchase and sell bitcoins and other cryptos, allowing traders to build a portfolio for the future. Some famous cryptocurrencies that are available on the platform are mentioned below:-
- Many more
Gemini Educational Resources
The online brokerage firm offers a good collection of educational resources to educate more and more people regarding cryptocurrencies. It is a good platform for beginners and expert traders to get more & more knowledge on cryptos. Some of the educational resources offered by the trading platform are listed below:-
- Help Center
Gemini Customer Support
At this point, the online broker is lacking because you can’t contact to customer support team of Gemini directly. You have to raise a ticket via the app or website and wait for might for 2 or 3 days for your solution. The website does not have:
- Call support
- Chat Support
Hopefully, the detailed information of Gemini Review will help you in crypto trading. We have covered both negative and positive sides of the trading platform as it helps traders decide whether to trade with Gemini or not. The platform is good for beginners as they can enhance their learning by reading blogs, watching videos, etc.
If the traders get troubled at any stage in the crypto trading, they can use the help center section which is available on the official website. This section consists of all information related to different topics such as Gemini Credit Card, Gemini Pay, and many more