Last Updated on by BBE Research Team
Let’s begin with a simple question – where is Gemini located? The main office of the Gemini exchange is in the USA, obviously, because the company was launched by famous investors – twins Cameron and Tyler Winklevoss. The team is working since 2014, the exchange is active since 2015. Initially, Gemini was focused on institutional investors but then added services for regular traders, too.
The site is minimalistic yet informative. You can find all the required data in the dedicated sections. The main landing also has key info about products, services, and opportunities. The only thing to note is that Gemini reviews interfaces in English only. Other languages aren’t supported, as for now.
In addition, info about the exchange is available in all major social networks such as Facebook, Twitter, and LinkedIn.
Іs Gemini safe?
Being originally focused on institutional investors, Gemini cares about safety a lot. To start with, it has the official license from NMLS which means that the exchange is regulated by the US authorities. This reduces the chances of Gemini fraud and Gemini scam issues greatly.
The system also provides four security layers:
- A cold storage
- Dedicated hardware
- Geographical distribution
The last thing eliminates single points of failure and improves transaction security. Cold wallets protect your assets. And geographical distribution stands for storing assets in different parts of the country! The last measure takes protection to the new heights. As for 2020, Gemini was never hacked. This fact makes the exchange highly attractive to users.
Talking about Gemini verification, it’s pretty similar to other exchanges as it also relies on basic KYC/AML policies. The site will require you to verify identity by showing proof of residency. Usually, it’s enough to submit an ID. However, only users from accepted countries can do this because Gemini doesn’t accept IDs from restricted markets.
To start, just create your account. Don’t worry, the site doesn’t allow people from not supported countries to sign up (but you can subscribe to notifications). For all who’s accepted, the process is simple. Choose your country, add a name, email address, and password. Then, activate your account using the link sent by Gemini.
The exchange supports several currencies united in 21 trading pairs. There are traditional assets like BTC and ETH, as well as more exotic things like OXT, KNC, MANA, and LOOM. Fiat-crypto trading is possible, pairs connect to USD.
Gemini fees are divided into several categories. There are web fees based on the transaction amounts (from $0.99 to $2.99 per transaction or 1.49%), trading fees based on volume and roles (from 0% to 0.35%), and custody fees. All deposits are free, up to 10 withdrawals per month are free, too.
If this Gemini review was helpful, feel free to share it, and show it to other traders. But don’t forget about your own due diligence.
Coming to the end of this Gemini review 2020, we want to review the pros and cons of the platform.
- Cold wallet storage;
- Convenient for institutional investors, reputable;
- Convenient for private users, too;
- Fully regulated by the American authorities;
- Gemini API is available;
- Great security with many features;
- Regular auctions.
- Not all countries are supported;
- Only the English version of the site;
- The relatively small amount of trading pairs – 21.