Gemini is one of the most secure cryptocurrency exchanges out there. Security is its main selling point. It is a U.S. based company and the platform is easy to use. If your crypto trading is mostly in popular currencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, or Zcash, you’ll probably enjoy using Gemini.
Hereof, is Gemini better than Coinbase?
Gemini provides features that support institutional investors, while Coinbase lets you earn crypto while learning about trading. Beginners will feel comfortable using either platform. However, Coinbase has a slight edge, as it’s available in more countries and offers more currency types.
One may also ask, has Gemini ever been hacked?
The World’s Safest Cryptocurrency Exchange
Gemini has never been hacked, stolen from, or otherwise compromised in any way during it’s more than 5 years of operation.
Can Gemini be trusted?
Due to their ever-changing nature, they can hardly be trusted. However, with the right kind of communication, Geminis can become better and more trustworthy. All they need is a helping hand and a lot of patience.
It takes away liquidity from the market, and hence are called *market orders*. These are subject to the higher taker fees. Gemini allows up to 10 withdrawals of crypto per month free of charge. After that, you will start paying a fee for each withdrawal.
Gemini provides required IRS forms and Federal/State reporting for digital assets on our exchange to users who have met the minimum threshold for tax purposes. Cryptocurrency taxes are a complex issue, and you can learn more about some of the resources we offer on this page.
As a New York trust company, Gemini is required by law to collect your SSN/SIN to comply with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. To learn more about how we safely and securely store this information, please refer to our Security page.
Gemini’s verification process can take between 2-5 business days. Once the verification process is completed, full trading and transfer capabilities will be enabled for your account.
|Type of site||Private|
|Key people||Cameron Winklevoss (Co-founder), Tyler Winklevoss (Co-founder)|
|Products||Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Zcash, Gemini dollar Exchange|
|Employees||100+ (May 2018)|
GUSD Price Statistics
|Gemini Dollar Price||$1.01|
|Price Change24h||$0.02086 2.12%|
|24h Low / 24h High||$0.978 / $1.01|
|Trading Volume24h||$8,329,229.96 6.06%|
|Volume / Market Cap||0.0652|
As a result, the AML and KYC requirements of Gemini are somewhat more strict than other platforms, but this is balanced by low fees and other competitive features. Gemini benefits from a secure banking relationship with a New York State-chartered bank, which means all US dollars held by the platform are FDIC insured.
Gemini charges nominal fees, broadly equivalent to cryptocurrency network fees, for crypto withdrawals. It does not charge any fees for bank or wire withdrawals, but there may still be fees charged by banks involved in the procedure.
Gemini is a safe place to buy, sell, and store cryptocurrency — not because we say it is — but because of the measures we have put place to protect your crypto and the independent third parties that verify them. They are as follows: Redundancy with keys (and the facilities and devices that store keys).