Gemini is a crypto exchange that lets you buy or sell digital assets, manage your holdings and set notifications for recurring purchases. 

Under the exchange, you can manage your portfolio easily, and view your Gemini accounts details including balances, percent, and 24-7 changes. You can also have a quick view of your account, view the watch lists, access the learning content, and review the top movers. 

Here, you’ll get a comprehensive Gemini Exchange review including the Gemini trading instruments, how to open an account, and trading fees. Keep reading.

About

The Gemini exchange was founded in 2014 and is a licensed New York-based trust company. It’s available in all fifty states and holds up to 100 cryptos including; bitcoin, Uniswap, Ethereum, Cardano, and Dogecoin.

Buying and Selling

In addition, Gemini allows users to buy digital assets from the exchange using several fiat currencies such as the US, Australian, and Canadian dollars. You can also trade with the Euro, Great Britain Pound, Singapore, and Hong Kong dollar.

One unique thing is that you can set orders on a regular basis without accessing the platform now and then. For example, you may choose to buy the cryptos every day, or every week.

If you are not a frequent trader, you can also choose to trade after every two weeks or once a month.

The sale process is simplified since you only have to click on the Sell and Buy button.

Security features

For starters, Gemini is reputable and has won recognition recently such as the best crypto exchange in 2022.

As earlier mentioned, Gemini crypto exchange is a licensed New York-based trust company. As such it goes through banking examinations and audits to ensure full compliance with the regulations.

In addition, it is subject to some stringent cybersecurity audits by the Newyork department of financial services. 

Another thing to note is that it has all the SOC certificates including SOC 1 Type 2 and SOC 2 Type 2.

It ranks in the first position in completing these examinations and ensuring compliance.

On top of that Gemini offers its users with hardware security keys through WebAuthn which is a browser-based API that allows web apps to ensure simplicity and secure authentication when using devices such as computers and phones.

Another unique feature that is worth mentioning is insurance protection against unforeseen losses through wallets or custody.

Gemini exchange trading instruments?

Whether you’re an experienced or first-time trader, the Gemini crypto exchange has all the instruments and tools to get started and trade. You can execute all your Gemini trading strategies on this platform with the utmost professionalism.

ActiveTrader is a highly-responsive platform that allows you to execute your trades at some of the fastest speeds without interfering with the security of its reliability.

For instance, you can use the deep order book visibility and pair selectors to exploit the available opportunities on the market. Besides, the system simplifies the order process to provide the ultimate user experience.

The ActiveTrader platform is highly optimized so that you can use your mobile browser to access the services anywhere on the go. Some of the notable advanced features include block trading and advanced charts.

Other product features include;

• Round-the-clock trades for Gemini trading pairs
• Several order types
• Multiple execution options such as block trading
• Favorable maker-taker fee depending on your trading volume
• Central limit order blocks with price-time priority framework.

What are Gemini Trading Fees

Unlike other exchanges that use the marker/taker fee model to set the charges, the Gemini blockchain exchange fee/cost framework depends on the volume of trade and the platform. For example, it has both desktop and mobile fee structures which may charge differently.

Typically, you’ll pay between $2.99 for trades between $50 and $1200 and 1.49% of Gemini crypto trading volume above $200.

When using the Active trader platform, you’ll pay different categories of fees depending on the volume of trade. The fees structure is classified as taker, maker, and auction and is imposed on the volume.

Besides Gemini crypto trading fees, other charges such as cryptocurrency, wire transfer, ACH, and debit card fees may apply.

How to deposit money with Gemini?

You can deposit your cryptocurrency into the Gemini crypto exchange at no fee. Other charges from your bank may apply.

How to open an account

To get started you must have an account. During the account opening procedure, you’ll need to provide the following vital information

• Your full name
• Email Address
• Choose a password

After that, you’ll receive an account confirmation email and upon clicking on the link, your account will go through a verification process.

Verification involves setting multi-factor authentication and providing KYC documents such as Government-issued ID.

Once your Gemini account has been activated, you can now connect to your bank account or debit card and begin Gemini Crypto trading.

Gemini app

You can download the Gemini mobile app on your devices and trade anywhere conveniently.

Pros

• Offers an insurance policy against theft of the digital assets
• Has a highly-advanced security system
• The platform is user-friendly

Cons

• Charges are higher compared to other platforms

Other products

Besides trading cryptos, the exchange also has other features such as credit, rewards, and interest on crypto.

If you are not very active on the platform, your crypto investment can grow thanks to the daily interest rates of up to 8.05% APY. Also, you can withdraw your coins anytime with no withdrawal thresholds. 

Gemini Pay is yet another product whereby you can spend your digital assets at 30,000 plus retail centers in the US. This means you can make your purchases using the app without paying any extra fees. However, you must install the app on your phone.

Conclusion

The Gemini crypto exchange is a secure system that supports multiple coins. As well, its security structure is highly advanced and protected by insurance against theft.

The biggest disadvantage of the Gemini blockchain is that there are a few coins held in the exchange. However, Gemini is constantly adding new coins and hopefully, in the future, the platform will be extended to include all cryptos.