Welcome to our latest Gemini review! Cryptocurrency trading has gained traction in all corners of the globe. Cryptocurrency exchanges continue to offer immediate access to a variety of crypto assets online.
Our latest review has assessed one of the most reputable crypto exchanges. With access to dozens of digital assets, and an intuitive trading platform, it’s no wonder there is so much hype surrounding Gemini. Let’s take a closer look at why this platform has such a strong reputation.
Gemini: Pros & Cons
- Innovative trading interface
- Accessible mobile app
- Informative educational resources
Gemini’s daily trading volume will vary. Based on current trends, Gemini is experiencing a total trading volume of close to $500 million. There is certainly enough liquidity on the platform based on this figure.
Gemini has a rather visually-pleasing overall platform. You’ll find that it’s been designed with the utmost attention given to ease-of-use. It enables you to navigate across the board without being hindered in the process. The availability of various trading features and tools will amply this and ensure that enacting trades is a walk in the park. In terms of the platform, and mobile application for that matter, our Gemini review has found little that will cause a stir. If anything, the combination of an aesthetically appealing site which is responsive and high-performing is something to write home about.
Our latest Gemini review would be remiss not to mention a recent report which negatively impacted the exchange. More than $35 million in retirement funds were stolen in February 2022 – all of which were held with IRA Financial Trust and linked to the Gemini platform. The security breach led to a large amount of digital holdings – fingering individuals with Gemini accounts as the victims – disappearing.
Gemini managed to respond to these allegations as swiftly as one would hope. The exchange rolled out a sweeping overview of the events. However, it remains a mystery as to how these funds were accessed with ongoing investigations still happening.
How to trade – our Gemini review
Once you have access to the top crypto hardware wallets, you might want to put your funds to use. It’s possible that you are a newcomer and don’t have any digital assets to speak of. Regardless, our Gemini review will walk you through the steps of how to trade on the exchange.
Opening a Gemini account
The first step that you need to complete is to open a Gemini account. This is quick and painless. All that you need to do is visit the official platform and click on ‘Get Started’. It is important to fill out all the necessary information. Once you have completed the online registration, you can confirm that you are ready to continue.
Verify your identity / enable two-step authentication
It is vital that you upload a copy of your identification document. This is required in line with KYC regulations. If you don’t verify your identity, you will not be able to start trading using the Gemini platform. You’ll also need to link an external device so as to have two-step authentication. If anything, this is highly-advisable as it adds an additional layer of security.
Start trading with Gemini
Once your account is verified, you need to fund it (more on this below). You’ll then be eligible to start trading with a range of different cryptocurrencies. You can simply buy crypto using the exchange and store your holdings. Alternatively, you can engage in proactive online cryptocurrency trading.
Is Coinbase safe when it comes to payments? This took center-stage in our review of the platform. It’s something that must be assessed and we have done the same in our latest Gemini review. It is possible to fund your Gemini account using a couple of different payment methods.
The first method is by simply linking your bank account to your personal Gemini trading account. You can navigate to the ‘Payments Methods Page’ to do so. Once your bank details are added, you can enact a wire transfer. Deposits made before 3pm ET should appear in your trading account the same day or the following day at the very latest. Withdrawals will be ready for transfer within three to four business days. Bear in mind that your bank will most likely charge you a transaction fee, ITA fee, or even foreign exchange fee.
It is also possible to deposit and withdraw funds using cryptocurrency. You will need to use your external wallet to transfer funds to your unique Gemini address. Withdrawals from your external wallet will be instant as well as withdrawals from your Gemini account.
The best crypto mining platform or trading platform must offer sufficient support online. This is non-negotiable and something that must be addressed. If you end up using an online platform that has no support capabilities, your entire experience will fall short of your expectations. Our latest Gemini review has found that there is a comprehensive section on the official site which answers general questions. The FAQ section is effective in resolving minor queries without the need to get in touch with the support team.
You can also use the chat function to query something. The chat bot will streamline your search and offer answers in line with what you are looking for. Alternatively, you can also get in touch with the support team via email. This is your best bet if you need to resolve a major technical or account issue that has cropped up.
One of the major issues that have come to the fore for many is the fact that crypto-based platforms are not always regulated by authorities. Much of blockchain looks at cutting out traditional middle-men and this has been hailed as revolutionary. However, platforms that offer trading services must adhere to regulatory oversight. Our latest Gemini review has found that the exchange is registered in New York and is regulated by the New York State Department of Financial Services.
The fact that the platform is regulated means it is subject to a number of requirements. This includes anti-money laundering requirements as well as cyber security, capital reserve, and consumer protection requirements. We guarantee you that the Gemini online exchange platform has implemented a number of security protocols which ensure safe-keeping of online trading accounts and funds. You can take a look at our review which answers, ‘is FTX safe?’ if you wish to compare different crypto exchanges before making a decision.
Reputation and customer feedback – strong rating
It’s always a good idea to get feedback from past customers. This gives you a good idea as to how a platform is perceived by its user base – past and present. When it comes to our Gemini reviews, we have implemented an objective approach to our analysis. User reviews are very much subjective but nonetheless provide you with good insights, too.
Gemini has established itself as a reliable exchange platform. It appeals to beginners as well as experienced crypto traders. The mobile app is particularly liked amongst users and has proven to be extremely flexible and robust. What has been identified as complex is the underlying fee structure which many struggle to come to grips with. All in all though, the reputation of Gemini is a positive one and the platform continues to build on past success.
Gemini offers an appealing online interface which now incorporates more than 75 different cryptocurrencies. Furthermore, the introduction of a welcome offer for US customers has been well received. If the exchange can simplify certain structures, particularly those pertaining to underlying fees, it will definitely continue to gain an avid following in the crypto world.
We recommend that you take a look at our other crypto guides here at bitstacker.com. For instance, find out more about leveraged crypto trading if you don’t have the capital to get started at present. Or, head on over to our other crypto reviews to get an idea of the top crypto platforms.