Ĭ offers access to more than 250 different cryptocurrencies, and it does so while charging some of the most competitive fees in the industry. Those who want to trade crypto but aren’t impressed with the Gemini exchange might want to consider the following options. While Gemini offers several features that attract many investors, it may not be for everyone. Those interested in investing in and trading altcoins should ensure they understand the risks before getting involved. The fact that the market is highly unregulated expands the risk of investing in cryptocurrency. Leading insurance providers insure all cryptocurrency holdings on the Gemini platform.īitcoin and other cryptocurrencies are speculative investments and come with a relatively high level of risk.
Gemini was the first-ever cryptocurrency exchange to become SOC 1 Type 2 and SOC 2 Type 2 compliant.Users can secure their Gemini accounts with hardware security keys.This means the company undergoes routine bank exams and the occasional cybersecurity audit to ensure regulatory compliance. Gemini is a licensed New York trust company.The exchange offers the following security features: Gemini exchange users can rest assured their money is in safe hands thanks to the company’s industry-leading focus on security. Everything seems to be where the user needs it, when they need it, making the exchange a great option for beginner traders. The platform is well designed and features a robust set of trading tools. Gemini exchange members enjoy a streamlined view of their cryptocurrency holdings and all the tools they need to become successful crypto traders. Here’s a look at some of Gemini’s other features. Gemini Staking: Users can park their crypto holdings with Gemini Staking and earn up to 4.25% APY (subject to change).Gemini Credit Card: Gemini credit card members will earn up to 3% back in cryptocurrency rewards when using their cards.Members can put more cryptocurrency in their digital wallets using Gemini thanks to additional perks that lead to reward coins and interest payments.
Gemini received a 4.0 rating here because the available cryptocurrencies are a good starting point for beginner traders, but more advanced traders may look to other exchanges for access to a wider range of altcoins. The Gemini exchange provides access to around 90 different altcoins, including popular coins like bitcoin, ether and bitcoin cash. However, these fees are high compared to competitors like, which charges fees ranging from 0% to 0.075%. The fee schedule may seem minimal at first glance. Here’s a look at the platform’s fee schedule: Order Size High fees hurt Gemini’s GOBankingRates score.
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