Gemini Review 2023: Gemini Fees, Is Gemini Legit? and More!

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Gemini is a regulated cryptocurrency exchange, wallet, and custodian that allows customers to buy, sell, and store cryptocurrencies. This Gemini review is an up-to-date, detailed analysis of the Gemini exchange, containing everything you need to know about Gemini and whether it’s the right exchange for you.

Gemini review

Gemini is a cryptocurrency exchange with over 100 assets available for purchase, sale, and trading. The Gemini exchange’s headquarters are in New York. Tyler and Cameron Winklevoss founded it after struggling to find a secure place to store their cryptocurrency.

Gemini has been built on four pillars since its inception: product, security, licensing, and compliance. Its goal is to gain and keep user trust by providing a secure, compliant crypto exchange platform.

While Gemini stands out for its emphasis on security and compliance, the exchange offers fewer cryptocurrencies than many competitors. Nonetheless, despite its smaller number of assets, this platform is an excellent choice for both novice and experienced traders, owing to its strong security focus and wide range of products and tools. 

Gemini recently became the industry’s first SOC 2-certified crypto exchange, demonstrating its commitment to security. Third-party auditors administer the SOC 2 examination, which evaluates a product’s or company’s levels of security and compliance.

Gemini review: What is Gemini exchange?

Gemini is a cryptocurrency exchange and custodian where users can buy, sell, and store digital assets. It is a cryptocurrency exchange designed for both novice and experienced investors.

It has a large selection of cryptocurrencies, a fantastic library of educational content, and numerous other useful features. It is currently present in the US, Canada, the United Kingdom, South Korea, Hong Kong, and Singapore.

Gemini review

Pros and Cons of Gemini


  • Available in all 50 U.S. states: Unlike some of its competitors, that is not available or available in just a few states in the U.S. Gemini is available in all 50 states in the U.S.
  • Strong security: Gemini will go above and beyond to protect your assets. It employs a number of security measures and practices to keep your account secure. Above all, its hot wallet is insured with digital assets. In the event of a security breach or hack, user funds stored in the wallet are protected.
  • Educational resources: To address the issues, there is a blog and a lengthy question. When none of these helpful articles suffice, complaints and problems are handled via email or by submitting a support ticket. The exchange usually responds in hours rather than days.
  • Intelligent and Intuitive UI design: It has an Intelligent and Intuitive UI design that helps new users navigate through its website easily and also facilitates trades. Its Beginner-friendly user interface makes it suitable for beginners and more advanced traders alike.
  • Gemini Earn: Gemini Earn is one of the most significant advantages that the Gemini exchange has over the majority of its competitors. You can earn interest on your idle cryptocurrency balances with this lending program.
  • Gemini Pay: Gemini Pay is available through the Gemini mobile app. This allows users to use their cryptocurrencies to pay for goods and services at over 30,000 retail locations in the United States that use QR code technology.


  • High Trading fees: Gemini trading fees are relatively high, especially if you’re trading a small amount of crypto. 
  • A limited selection of coins: Compared with some industry competitors, Gemini offers fewer cryptocurrencies available to buy, sell, and trade.

Gemini review: How does Gemini exchange work

Gemini is a cryptocurrency exchange with a web platform and a mobile app. The platform allows users to purchase, sell, and store cryptocurrencies.

The exchange accepts fiat money deposits via bank account ACH transfer, wire transfer, and debit card payment. Withdrawals are possible via ACH transfer and wire transfer. Additionally, you can deposit and withdraw cryptocurrency funds.

This Gemini review displays several other products for cryptocurrency investors in addition to its main Gemini Exchange platform. These are some examples:

  • Gemini ActiveTrader: An advanced crypto trading platform
  • Gemini Earn: A lending program to earn interest on cryptocurrencies
  • Gemini Wallet: A safe, secure wallet infrastructure
  • Gemini Credit Card: A crypto rewards credit card
  • Gemini Clearing: A service to facilitate off-exchange crypto trades. Gemini also owns Nifty Gateway, an NFT marketplace. While many NFT marketplaces allow anyone to mint NFTs, Nifty Gateway is a curated digital art platform, so it’s much more selective.

How to use Gemini Exchange

This Gemini review displays how to use the Gemini exchange and its suite of products and services. You must first sign up for an account to gain access to all of Gemini. The Gemini website and mobile app both provide an easy-to-use trading experience. Gemini’s simple buy and sell option, as well as its extensive support page, will appeal to beginners.

How to use Gemini Exchange

Experienced traders will appreciate its ActiveTrader platform, which includes advanced charting tools and multiple order types as well as the ability to execute trades quickly. Account holders must complete an identity verification process in order to use Gemini’s full trading features. Uploading a government-issued photo ID, such as a driver’s license or passport, is required for this process.

Gemini Sign up

Step 1

Go to Gemini and click on “Get Started.”

Gemini review

Step 2

Now you’ll need to fill in your personal details as seen in the screenshot, and finally, click on “Create account” to proceed. 

Step 3

Set up a 2FA (two-factor authentication) login by inputting your mobile number, then clicking on “Get confirmation code.” A 7-digit code will be sent to you; input it and click “Next.”

Note: It takes about a minute to get the code, so if the code doesn’t arrive within the allotted time, click on “Send code again.”

Step 4

Now you’ll be required to fill in your home address and click on “Next.” On the next page, you’ll be prompted to fill in your date of birth. Then click “Next.” 

Gemini review: Gemini Exchange KYC

To take advantage of Gemini’s full trading features, account holders need to complete an identity verification (KYC) process. This process involves uploading a government-issued photo ID, such as a driver’s license or passport.

Step 1

Now you’re going to verify your identity. First off, select the type of document you would like to upload. Then upload the front and back and click on “Next.”

Gemini Exchange KYC

Note: Please be sure to upload documentation that is not expired, is clearly visible, not blurry, and shows all four corners to help speed up your account verification. 

Step 2

Once that’s done, you’ll be automatically led to your login homepage, where you’ll see an overview of the popular coins and an empty portfolio. 

Note: After you have been verified (which takes about 30 minutes), click “Add Payment Method.” You will see options to link your bank account or debit card.

 Step 3

Lastly, verify your Gmail account. Go to your mail account and click on “verify.”

Gemini Exchange KYC

Gemini review: Why use Gemini

Gemini offers a variety of features, including Gemini Earn, credit cards, and Pay for daily use, and has an intuitive interface that is suitable for beginners. Gemini offers an active trader with better performance and lower fees for experienced cryptocurrency traders.

Gemini is right for you if:

  • You want a user-friendly platform with a great mobile app to buy, store, and sell cryptocurrencies.
  • You want to earn interest on your cryptocurrency holdings.

What Coins are on Gemini Exchange

Gemini offers fewer cryptocurrencies than other major exchanges. Gemini currently has over 120 exchange coins available on its platform. 

What Coins are on Gemini Exchange

Users can buy, sell, and trade some of the most popular assets as well as some lesser-known coins. Here’s a partial list of cryptocurrencies and stablecoins available on Gemini: 

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Gemini Dollar (GUSD)
  • Solana (SOL)
  • Cardano (ADA)
  • USD Coin (USDC)
  • Terra (LUNA)
  • Uniswap (UNI)

Gemini review: Gemini Exchange Fees

This Gemini review displays that Gemini’s fee structure differs from that of many other exchanges, which frequently employ a tiered maker/taker fee model. Its fees vary depending on the amount traded and the platform used.

While this exchange’s fees are transparent, its basic fee structure is more complicated than that of some other exchanges. Its fees are also slightly higher than those of many competitors in the industry.

For those who plan to use Gemini’s ActiveTrader platform, here’s what you can expect in terms of fees: 

≥ $10,0000.30%0.10%
≥ $50,0000.25%0.10%
≥ $100,0000.20%0.08%
≥ $1,000,0000.15%0.05%
≥ $5,000,0000.10%0.03%
≥ $10,000,0000.08%0.02%
≥ $50,000,0000.05%0.00%
≥ $100,000,0000.04%0.00%
≥ $500,000,0000.03%0.00%

Gemini Stablecoin Fee Schedule

Maker and taker fees are fixed for the following stablecoin pairs at all levels:

Stable coinsMaker FeesTaker Fees

Gemini Exchange Withdrawal Fee

Gemini accepts free US dollar deposits and withdrawals via ACH transfer or wire transfer. Debit card deposits are also accepted, but there is a 3.49% fee.

Deposits in cryptocurrencies are also free. Depending on the cryptocurrency, cryptocurrency withdrawals have either a flat fee or a dynamic fee. Ethereum and ERC20 tokens (crypto tokens built on the Ethereum blockchain) have dynamic fees that are determined by the network fees for that blockchain at the time. Other cryptocurrencies charge a one-time fee. The exception is Gemini Dollar (GUSD), the exchange’s stablecoin, which has no withdrawal fee.

Gemini APP review

The introduction of Gemini’s mobile app gives mobile users an easier and more direct experience of everything the best cryptocurrency exchange in Canada offers than the desktop version. The mobile application, which is also suitable for Gemini Pay (Gemini Pay is a feature that helps one use cryptocurrency payment methods), offers a simple mobile user experience, avoiding complex crypto trades. 

Gemini APP review

Buying BTC or ETH with it is easy—just click for a minute or two, and we are good to go. Gemini now supports Google Pay and Apple Pay to buy popular cryptocurrencies. The payment method is live on the Gemini app. The Binance exchange app has over 1 million downloads on the play store and a 4.4 ⭐ rating. It is also built with support for Android and iOS users. Below is a review from a user of the Binance app.

Gemini review: Gemini Coin

The Gemini exchange’s native token is (GUSD). Gemini, a cryptocurrency exchange, created GUSD. The stablecoin was approved for launch in September 2018 by the New York Department of Financial Services, or NYDFS. The Gemini Trust Company holds USD deposits equal to the number of tokens in circulation.

The Gemini Dollar is an ERC-20 token that is built on the Ethereum network and has smart contracts that have been audited by the security firm Trail of Bits Inc. Because this stablecoin is completely regulated by the NYDFS, it is intended to bridge the gap between traditional finance and the crypto industry.

The live Gemini Dollar price today is $0.995489 USD, with a 24-hour trading volume of $298,864 USD. The Gemini Dollar is up 0.82% in the last 24 hours. The current CoinMarketCap ranking is number 56, with a live market cap of $604,311,371 USD. It has a circulating supply of 607,049,883 GUSD coins.

Gemini Wallet Review

The Gemini exchange wallet storage can securely store cryptos by utilizing the Gemini hot wallet and the exchange’s institutional cold storage function. The online hot wallet is a system for storing crypto assets online, whereas the cold wallet is based on offline storage protocols.

Gemini Wallet Review

Customers who use the institutional cold storage feature known as Gemini Custody, such as institutional investors, are provided with a number of benefits, including a no-cost setup, $200 million in insurance, intraday withdrawals, immediate liquidity, and 24/7 customer support.

Even if only a small amount of cryptocurrency is stored in the online hot wallet, it is protected against thefts, security breaches, and fraudulent transfer schemes.

Gemini Exchange API

The trading platforms used by various exchange platforms differ in terms of customization, simplicity of the user interface, navigation, and design. This is due to the numerous considerations and designs made by various exchange platforms when developing their trading platforms.

Regardless of the differences, a good trading platform should be user-friendly, easy to navigate, and include essential trading tools in its API. Clients of the Gemini exchange platform have access to an excellent trading platform and interface.

Gemini offers both public and private REST APIs. Public REST APIs provide market data such as:

  • current order book;
  • recent trading activity
  • trade history

Private REST APIs allow you to manage both orders and funds:

  • place and cancel orders
  • see your active orders
  • see your trading history and trade volume
  • get your available balances

Gemini uses API keys to allow access to private APIs. You can obtain these by logging on and creating a key in Settings/API. This will give you both an “API Key” that will serve as your user name and an “API Secret” that you will use to sign messages.

Gemini review: Customer Service

Gemini takes pride in providing exceptional customer service, and they have an outstanding customer service team. The Gemini platform is brimming with useful resources that can help you find answers to your questions. Even so, if we require a more personal touch, we can usually expect a response by email the same day. They also provide an additional method of contact through the New York Customer Service Center. The Gemini Exchange contact number is 0800 023 4 567 or 0300 123 9 123.

Is Gemini legit

Gemini maintains a high level of security, making it a secure place to trade and store cryptocurrency. Gemini provides industry-standard security features such as two-factor authentication, wallet address whitelisting, and the ability to review and approve login devices.

Is Gemini legit

Users must also complete the platform’s Know Your Client (KYC) verification process, which includes uploading a government-issued photo ID, in order to access the platform’s full suite of trading features. This procedure is intended to reduce fraud on Gemini.

Gemini is SOC 2-certified, in addition to its security features, highlighting the platform’s commitment to security and compliance. This exchange also provides FDIC insurance for deposits in US dollars up to $250,000, as well as digital asset insurance for funds held in its hot wallet. This insurance helps protect user funds in the event of a breach or hacking incident.

Gemini review: Conclusion

Gemini people are more concerned with security breaches. This Gemini review has shown that Gemini may be the answer for those looking for a safe, user-friendly platform to buy, sell, and trade cryptocurrencies. It has an easy-to-use interface and a basic buy/sell form for beginners.

Gemini is appropriate for a wide range of cryptocurrency investors and traders. Its Active Trader platform, which includes advanced charting tools and multiple order types, is useful for advanced traders.

While Gemini’s fee structure is more complex than that of other leading platforms, it is fee-transparent, so you will not be surprised by unexpected costs. Whether you’re new to cryptocurrency or a seasoned trader, Gemini may be worth considering if you’re considering investing in or trading cryptocurrency.

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