Gemini Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Gemini ActiveTrader
- All major cryptocurrencies, except for fiat, there’s only the US dollar
- proprietary trading terminal, a profitable investment program, a high level of security, Gemini Pay for payment in stores
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Gemini ActiveTrader
- All major cryptocurrencies, except for fiat, there’s only the US dollar
- proprietary trading terminal, a profitable investment program, a high level of security, Gemini Pay for payment in stores
Our Evaluation of Gemini
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Gemini is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.7 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Gemini clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Gemini is one of the most popular cryptocurrency exchanges in the US, traded by traders from all over the world. Its proprietary trading terminal has all the necessary functions; and the exchange has the most popular cryptocurrencies. The company has excellent technical support, a developed community, and a powerful training system for novice traders. The exchange is officially licensed and has its own insurance fund for unforeseen situations.
Brief Look at Gemini
The Gemini exchange is a crypto trading platform featuring all major cryptocurrencies and tokenized assets, including Bitcoin, Litecoin, Ether, Bitcoin Cash, and the company’s own stablecoin Gemini dollar (GUSD) that is backed by the US dollar. The platform has a proprietary trading terminal with a mobile version, which, unlike the terminals of most exchanges, is not an adaptive version of TradingView, but a completely proprietary development with original functionality. Each user is provided with a multi-currency e-wallet with an innovative data protection system. The Gemini Earn investment program allows you to earn up to 7.4% per annum on simple cryptocurrency storage. The company has the so-called Cryptopedia, which is a detailed article on the basics of crypto trading and investing.
- trading all major cryptocurrencies, plus USD;
- large trading volumes, with no restrictions on strategies;
- investment program with a large annual interest;
- Gemini Pay allows you to pay with cryptocurrency in stores;
- high level of user data security;
- the company is regulated as a New York State Trust Company;
- prompt withdrawal of funds, all main deposit and withdrawal channels;
- the company has an insurance fund for traders;
- many educational materials (including video lectures).
- among crypto-fiat pairs, they have only pairs with USD;
- non-standard trading terminal (a beginner will need time to learn it).
TU Expert Advice
Financial expert and analyst at Traders Union
The is a one-stop trading platform for crypto-crypto and crypto-fiat (US dollar only). The exchange is headquartered in New York and is subject to the banking laws of the State of New York. The company has a valid business license. The work of the exchange is completely transparent.
The trader gets a personal multicurrency crypto e-wallet. It allows you to store almost any cryptocurrency. There is a Gemini Pay function in the mobile application for paying for goods in offline stores. Users like their advantageous investment program and the functional interface of the proprietary trading terminal.
Gemini Pay’s referral program is standard with one-time payments, the system of commission fees is also typical, and it is based on trading volumes. Fees are relatively low and can be reduced by increasing the trading frequency and receiving bonuses in the form of rebates through Traders Union. The transaction execution speed is high. The exchange does not limit traders in trading strategies.
Over the time I was testing the platform, I didn’t have any technical issues. The platform is characterized by a high level of security and intuitive use. Novice traders say their tutorials and videos are very useful. We can recommend this crypto exchange for cooperation.
- You require availability in all US states as Gemini provides access to residents in all 50 US states, ensuring widespread accessibility without being restricted by state regulations. This broad coverage allows users across the United States to participate in cryptocurrency trading seamlessly.
- You value a user-friendly interface as Gemini offers a simple and intuitive interface tailored for new crypto investors. If you're new to cryptocurrency trading, you'll appreciate the ease of use and straightforward navigation provided by Gemini's platform.
- You prioritize cost-effectiveness as Gemini's fees are higher compared to some other cryptocurrency exchanges, which may impact your trading profitability, especially for frequent or large transactions. If minimizing fees is a priority for you, consider exploring alternative exchanges with lower fee structures to optimize your trading costs.
Gemini Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Gemini ActiveTrader |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, USD |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, USD |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | All major cryptocurrencies, except for fiat, there’s only the US dollar; proprietary trading terminal, a profitable investment program, a high level of security, Gemini Pay for payment in stores |
| 🎁 Contests and bonuses: | N/A |
Gemini crypto exchange does not set limits to the minimum and maximum deposit/withdrawal of funds either in cryptocurrencies or in fiat funds. There are only a few limiting factors regarding trading on the exchange: there is no leverage, no stop loss or take profit functions, and there’s no scalping. Technical support responds quickly and works on holidays and weekends. But you can contact the company’s specialists only by email. You can also come to the exchange’s office at 600 Third Avenue, 2nd Floor, New York, NY 10016.
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Commissions and fees
All orders placed through ActiveTrader are subject to trading level (trading volume) fees. There are ten trading levels. At the lowest - the first level has a practically zero trading volume. Thus, the taker’s/maker’s commissions are 0.35%/0.25%, respectively. At the highest, the tenth level with a trading volume of USD 500,000,000, the taker’s/maker’s commission is 0.03%/0.00%.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.3% per order | Yes |
The crypto exchange has a so-called auction fee for trading, which is determined by the trading volume. The exchange charges a fee for withdrawing funds to external wallets, accounts, and cards. There are other fees, and you can check them in the corresponding section of the site. In general, Gemini’s fees are below the market average. For comparison, the table contains data on several cryptocurrency exchanges:
| Broker | Average commission | Level |
|---|---|---|
|
$0.3 | |
|
$6 | |
|
$20 |
Investment Options
The Gemini crypto exchange offers the most simplified investment program, called Gemini Earn. The essence of the program is that each trader can provide any amount of cryptocurrency for it to be used by the platform’s business partners who develop their projects on the blockchain and are always in need of additional contributions.
To participate in the program, the user needs to register, then deposit any cryptocurrency in any amount on his account and activate Gemini Earn with one click. The user chooses how much cryptocurrency he is willing to invest. The online calculator will immediately calculate the profit. The interest on the program is up to 7.4% per annum, and payments are calculated every day. The deposit and interest are kept in a separate account, but the user can withdraw part of the deposit or the entire deposit with interest at any time while receiving a direct payment to the main account.
Gemini Earn has no hidden fees and no additional fees. At the same time, depositing and withdrawing are instant, and there is no minimum or maximum limit. Funds security guarantees are ensured by the fact that the company works only with trusted partners (for example, Genesis). Gemini also has its own reserve fund, which allows investors to be compensated for their losses in case of emergencies.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Gemini’s affiliate program
Note that Gemini’s concept of a “referral program” does not really refer to earnings on referrals. On the platform, the referral program is a separate offer for business projects related to cryptocurrencies. To participate in this program, you have to submit an individual application, and the exchange works with each partner on special conditions.
As for referrals, each user after registration receives a personal referral link. In the mobile application, you can find it in the “Invite a friend” tab, in the web version it can be found in the “Market” tab. Any user who follows and signs up using this link you have shared becomes your referral. If within 30 days after registration, the referral makes transactions worth $100 or more, you both will receive 10 USD to your account.
User Satisfaction