About Gemini Cryptocurrency
Gemini Cryptocurrency build crypto products that are simple, elegant, and secure. Whether you are an individual or an institution, they want to help you buy, sell, and store your bitcoin and cryptocurrency. They are committed to earning and maintaining your trust. They believe that in order to do so, they must invest in four pillars for the long-term, as they are the inputs that generate a trust output.
They founded Gemini with a “security-first” mentality and ethos of asking for permission, not forgiveness. They have worked hard to provide you with a high-integrity choice and we look forward to earning and maintaining your trust.
Gemini Cryptocurrency is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). They are subject to capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law. Gemini is also a fiduciary and Qualified Custodian.
Operating Company
| Exchange Name | Gemini Cryptocurrency |
| Support | 24/7 |
| Language | English |
| Deposit Fee | Free |
| Trading Fee | 0.5% |
| Wire Transfer | Free |
| Official Site | Homepage |
Gemini Fees
You’ll be charged both a convenience and a transaction fee every time you buy or sell crypto on Gemini. These fees are the same whether you buy on Gemini’s online site or through the mobile app. Both will be displayed together as your “quoted price” before you make your purchase final.
| Fees | Gemini | Coinbase |
|---|---|---|
| Bank account | 1.49% | 1.49% |
| Wallet | 1.49% | 1.49% |
| Debit/credit cards | 3.49% | 3.99% |
| ACH transfer | Free | Free |
| Wire transfer | Free | $10 deposit, $25 withdrawal |
| Crypto conversion | 1.49% | 0.50% |
| Trades | Fee of $0.99 to $2.99 based on the amount or 1.49% for trades over $200 | Maker-taker fees normally 0.50% |
Convenience Fee
The convenience fee is about 0.5% of the Gemini market price for a given trade, though it can vary depending on the market. This fee is also charged in the crypto you buy. For example, if Bitcoin (BTC) is currently trading at $30,000 for 1 BTC, you’d actually pay $30,150 for 1 BTC including the fee.
Transaction Fee
On top of the convenience fee, you’ll be charged a transaction fee based on the amount you trade. For crypto conversions — such as trading Bitcoin for Litecoin — this fee is a standard 1.49%. For buying and selling crypto, the fee varies by the type of currency you use, and ranges from a flat fee for less expensive orders to a percentage of more costly transactions.
Deposit Fees
You can move crypto from your own wallet or another exchange to trade on Gemini, or deposit U.S. dollars into your account to make a trade. There’s no fee for depositing money into your Gemini account, unless you use a debit card.
| DEPOSIT TYPE | COST |
|---|---|
| All cryptocurrencies, ACH transfer, Gemini dollar (redemption) | Free |
| Wire Transfer | Free |
| Debit Card Transfer | 3.49% of total purchase amount |
Withdrawal Fees
You also won’t be charged for withdrawing crypto from your account, or withdrawing U.S. dollars from your account after selling your crypto, as long as you make under 10 withdrawals per month. If you withdraw more than that, most cryptos will incur a fee. For comparison, Coinbase charges a fee each time you move your crypto to an outside, non-Coinbase wallet, while U.S. dollar withdrawals (via most methods, including bank account or PayPal) are free.
Gemini vs. Coinbase: Supported Currencies
Gemini and Coinbase accept fiat currencies. Gemini supports seven types: USD, AUD, CAD, EUR, GBP, SGD, and HKD, while Coinbase supports three: USD, GBP, and EUR. However, Coinbase offers much more altcoins than Gemini does. For instance, you can’t purchase Dash, EOS, Cardano (ADA), and Ethereum Classic (ETC) on Gemini.
Both platforms support popular currencies, including:
- Ethereum (ETH)
- Aave (AAVE)
- Litecoin (LTC)
- Dai (DAI)
- Bitcoin Cash (BCH)
- Chainlink (LINK)
- Uniswap (UNI)
Industry-leading security from day one
Safety, security and compliance
Gemini is a licensed New York trust company that undergoes regular bank exams and is subject to the cybersecurity audits conducted by the New York Department of Financial Services. Learn more about our commitment to security.
SOC Certifications
Gemini is SOC 1 Type 2 and SOC 2 Type 2 compliant. They are the world’s first cryptocurrency exchange and custodian to complete these exams.
Hardware security keys
With Gemini you can secure your account with a hardware security key via WebAuthn.
Insurance coverage
All crypto held online in exchange wallet is insured and they use best-in-industry cold storage coverage with leading insurance providers.
Mobile app
Gemini offers a free app for both iOS and Android. Both versions are highly rated by app store users and mimic many of the same functions and features as the desktop site.
Gemini Pay
Gemini Pay lets you spend your cryptocurrency at more than 30,000 retail locations — from Nordstrom to Bed Bath & Beyond — with no transaction fees. But we wouldn’t recommend using your cryptocurrency to buy things. Cryptocurrency is still very volatile compared to the U.S. dollar, and using it to actually buy things may result in unnecessary loss if your crypto rises in value in the near term.
