Gemini Review

Gemini Review

Gemini is New York based cryptocurrency exchange. It was first fully licensed Ethereum Exchange. Gemini provides its services for US, Canada, Hong Kong, Korea, Japan, etc. Read the full Gemini Review to find all the details like fees, limits, speed and more.

Supported Cryptocurrencies
  • Bitcoin (BTC)
  • Ethereum (ETH)
Offered Services
  • Buy Bitcoin, Ethereum
  • Sell Bitcoin, Ethereum 
  • Wallet
  • Trading
Payment Methods Accepted
  • Wire Transfer
  • ACH
  • Cryptocurrencies
Fees
  • BTC, ETH - Free (both deposit and withdrawal)
  • Wire Transfer - Free (both deposit and withdrawal)
  • ACH - Free (both deposit and withdrawal)
  • Trading fees depend on trading volume, cryptocurrency
Verification Process
  • They require to provide full personal details
  • ID, Driver's License or Passport verification is mandatory
  • It is stated that verification process takes 1-3, but there are reports of that taking more than 30 days
Supported Countries

United States (45 States), Canada, Hong Kong, Singapore, South Korea and United Kingdom

Gemini Review
Speed
  • Domestic bank transfers - the same or next work day
  • ACH - immediately
  • Sometimes it depends on your bank
  • BTC - after 3 confirmations
  • ETH - after 12 confirmations
Limits
  • BTC, ETH - No limits
  • ACH deposit - $500 daily and $15,000 monthly for individual account, $10,000 daily and $300,000 monthly for institutional account
  • ACH withdrawal - $10,000 daily and no monthly limits for Individual and Institutional accounts
  • Wire transfers (withdrawal and deposit) - No limits for both types of account
Privacy
  • They require to provide full personal details
  • ID verification is necessary
  • They keep all the logs
Security
  • The part of assets are kept in cold storages
  • Assets are insured
  • Two-Factor Authentication
Pros
  • Solid and trustworthy company
  • Low or no fees
  • Is available for residents of New York state
  • High level of security
Cons
  • Slow verification process
  • No privacy
  • Poor support
Conclusion

Gemini is a solid and reputable company, and it is available for New York state residents as well (that's pretty rare). Furthermore, it provides top quality services and trading platform in the one place.

Despite that, there are reports of very slow verification process, also a poor support. In addition, there is no privacy at all.

Rating
7/10