Quick facts:

  • Earn a $10 bonus when you trade the first $100
  • Super secure
  • Heavily regulated
  • Advanced trading with ActiveTrader
  • From the creators of Gemini Pay and Gemini Dollar

Gemini is a cryptocurrency exchange and custodian which lets users buy, sell, and hold cryptocurrencies. It was founded in 2014 by the Winklewoss twin brothers. Describing cryptocurrency as a precursor to financial independence and increase in choice, Gemini believes that cryptocurrency is a movement. 

Wallet:

Gemini Wallet, known as Gemini Custody, provides high security storage vaults for its users. Assets are deposited in either insured hot wallets or cold storages to limit their vulnerability to theft or malignant attempts. 

Gemini currently offers wallets for these digital assets:

  • Bitcoin (BTC)
  • Ether (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Zcash (ZEC)
  • Basic Attention Token (BAT)
  • Chainlink (LINK)
  • Dai (DAI)
  • Orchid (OXT)

Segregated Witness (SegWit) is the process by which signatures are removed from a blockchain block. Gemini supports SegWit addresses and offers native SegWit addresses. This further solidifies their position against transaction malleability.  

Gemini also keeps its deposited assets in a Capital in reserve as a New York trust company and licensed fiduciary which are protected from external attacks.

Withdrawals are free for customers or institutions which withdraw under the limit of their wallet. For more details, visit here.

Gemini Pay:

Gemini Pay is a payment method through which users can pay with their preferred digital assets at selected merchant stores via their Gemini Mobile App.The method is not only secure but completely contactless — QR code is used to scan and complete payments. Gemini has paired up with Flexa, a major digital assets payment network to bring this payment option for their customers and they are continuously adding new merchants.

Gemini Dollar:

Gemini Dollar is a stablecoin developed by Gemini which is pegged to a US Dollar and having a 1:1 transferability. This allows users to choose freely to store their assets in a fiat backed environment. GUSD (the stablecoin) is currently ranked at number 443 at Coinmarketcap with a market cap. of $5.6 million. It is built on the Ethereum network and fulfills ERC20 standards. Held in State Street Bank and Trust Company, the stablecoin is audited by independent auditing firms. It is supported by multiple exchanges and institutions including EXMO, Liquid, BitForex and supported by BlockFi, Atomic Walet, and Ethos. 

Exchange:

Gemini exchange currently has a daily trade volume of just above $27 million. It is listed currently at 58 out of the 100 most valued exchanges in the world. Available for both Mobile and Web, Gemini exchange provides a minimalist dashboard to users to observe the current market conditions. Consumers can see their account balance, their weekly or monthly trading activity and can view and download account statements. Consumers can also make single or recurring payments using custom filters.

Gemini exchange is SOC 2 Type 2 certified which means that all of the customer data on the cloud is secured and processed according to the policies and guidelines set up by American Institute of CPA (AICPA) — an organization of Certified Chartered Accountants in the United States.

Gemini ActiveTrader, available to active users, is an advanced platform for trading with features like advanced charting, multiple orders, and block trading. This is a place for experienced traders and caters to their advanced trade execution needs. ActiveTrader uses a price-time prioritization algorithm which prioritizes trades on the basis of their price and the time when they were entered in the queue. 

Gemini Clearing is a platform which supports off-trading exchange clearance and settlements. It provides secure (Know Your Customer KYC and Anti Money-Laundering AML regulated) settlement facilities with competitive pricing and minimum trading size. The transactions are completely anonymous and are only known by the parties involved and have an escrow in place to prevent mishaps. 

Gemini charges two types of fees: Convenience and Transaction fees for the transactions it hosts. Convenience fee is approximately 0.50% of the transaction while Transaction fee for the Mobile and Web usage are set as per the volume of trade. 

Prospects who are interested in Gemini can also get $10 worth of Bitcoin by using Gemini referral in 30 days.

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