|Headquarters||United States, 600 Third Avenue, 2nd Floor, New York, NY 10016|
|Support Types||Phone, email, feedback form on the site|
|Free Demo Account|
|Deposit Methods||Bank transfers (Visa, MasterCard), crypto currency|
|Withdrawal Methods||Bank transfers (Visa, MasterCard), crypto currency|
|Number of Assets||2|
|Types of Assets||Bitcoin, Ethereum|
|US Traders Allowed|
- Exchange Commission: yes
- Trading volume: more than 18 million dollars / day
- Channels of communication: Twitter, Facebook, LinkedIn, Google+
- The possibility of exchanging for fiat currencies: yes
- Number of crypts: 2
- Training: no
- Autotrading: yes
- Scalping: yes
- Analytics: yes
- Affiliate Programs: no
- Gemini API: yes
The Gemini exchange happens to be a popular American platform, which has been operating on the market since 2015. In spite of the fact, it’s still a young resource for trading in digital coins, the company is actively developing and expanding the geography of its presence. What’s more – Gemini is the world’s first crypto exchange, which managed to receive a license to trade in one of the most popular cryptocurrencies – Ethereum. Today it’s considered to be one of the safest and most reliable crypto exchanges, trusted by the largest investment funds and individual investors. It keeps providing high quality services and unique trading opportunities all the time – that’s the cornerstone of its success story.
As their potential client, you’re certainly eager to know whether Gemini is a scam or it’s a worthy safe platform, which guarantees a profitable trade in crypto assets as well as a possibility of trouble-free withdrawal of earnings. We will answer this serious question here below.
This crypto exchange can be considered to be one of the active and dynamically developing sites among the represented on the market. The organization managed to quickly gain a large share of the crypto market, aiming to expand its presence in Canada, Great Britain, the United States and Asia (Singapore, Hong Kong, South Korea), etc. Before such an impressive project was offered to users, the management of the crypto exchange did a great job in four areas: a competitive product was created, it became safe and licensed, and the issue of compliance with legislative norms was worked out. What really makes the exchange stand out from others is its excellent and instant service, a slew of innovative solutions, a possibility to buy Bitcoin or Ethereum and get down to trading having replenished the trading deposit.
Traders can easily and quickly acquire and sell digital coins (learn here how to make money on crypto assets) and have them exchanged for fiat money (USD). The platform works only with two digital currencies: Bitcoin (make money on Bitcoin’s) or Ethereum. Therefore, for trading here traders can use the following currency pairs: ETH/USD, ETH/BTC, BTC/USD. The innovative service of the crypto exchange was created in order to make crypto trading a profitable and maximally comfortable activity. Here, there’s a wide choice of market orders, which will be executed immediately after their registration. You’re free to use a book of orders, and a function of auctions. Apparently, auctions will make it easy and profitable to conduct major transactions without worrying about constant price jumps, commissions as well as mutual settlement schemes. By the way, such auctions are currently available on stock exchanges.
The crypto exchange provides an amazing opportunity to create accounts, specially designed to be shared by groups or even families. As for the company’s fees, withdrawals and deposits aren’t subject to any commissions; you only have to pay a commission on the crypto exchange. Furthermore, the fees were recently considerably reduced, which increased the interest of the site among users. For the convenience of trading, the company offers a simple and intuitive terminal, 24-hour trading 7 days a week and an ability to work with orders.
The essential advantage of Gemini is that it’s one of the safest areas in the crypto market (the whole truth about crypto assets is here). It’s actually regulated by the New York State Department of Financial Services (NYSDFS), so it’s fully in line with the designated state standards. The regulation requires participants to keep tax records, ensure consumer protection as well as cyber security. For security, most of the clients’ funds are stored in cold wallets to avoid accumulation of money in the same hands. The company also implements the Multi-Signature technology, and all users must activate a two-factor authentication.
It’s worth noting that the site is more suitable for professionals and large organizations. Furthermore, it’s expected that in the future it will be interesting for miners and retail traders. Today the company has a good reputation in the crypto community, mostly due to the fact that it provides a really good level of customer service.
Replenishment and withdrawal of funds
The crypto exchange offers a lot of unique opportunities for market participants. However, its significant downside is that it offers rather a limited number of ways to deposit and withdraw funds. In order to replenish your trading account, you can use only bank transfers and digital currencies.
Complaints about Gemini
The official website of the company has only a version for English-speaking market players, and it in many ways confirms the fact that the management of the organization is interested primarily in major clients from highly developed countries. So, one can’t hope for the support of other languages in the nearer future.
The lack of versions in other languages definitely complicates the work on it for those who don’t speak English well. At the same time Gemini has authority with the crypto market, it works with private clients and serious organizations. Reviews of traders on the Internet are mostly positive, and it confirms the whole thoroughness of the service as well as the company’s serious intentions.
If we find complaints about Gemini, we will post it on social media. Follow us to be well informed:
Regulation of Gemini
The Gemini crypto exchange is owned by Gemini Trust Company, LLC, which has a legal registration in the United States, as well as a license for crypto trading. It’s one of the most reputable crypto exchanges today, so its clients can count on a safe and legally secured trade on the site. The company is licensed by the New York State Department of Financial Services (NYDFS), which makes crypto trading here more secure.
In addition to this, in its work the company uses the principles of the following laws and financial regulators: the money services business (MSB), the FinCEN, the New York Banking Law (NYBL), the Commodity Exchange Act (CEA), the National Futures Association (NFA), etc. Additionally, the company abides the rules of the US PATRIOT ACT Law, the norms of the Program against Money Laundering (BSA/ AML), according to which the company adheres to rules aimed at combating any attempt to utilize the resource for illegal purposes. The company’s users must provide reliable information about their identity. In turn, the exchange is expected to closely watch the activities of its users, the nature of their transactions. It’s obliged to withstand fraud and other illegal actions, prevent money laundering, not to mention the financing of terrorism.
Is Gemini a scam?
The Gemini exchange happens to be one of the most popular American sites for trading digital currencies. The company has a good reputation in the market. It’s rapidly developing, working with traders in Europe, America as well as Asian countries. The company pursues a successful development strategy, provides high quality services and unique trading opportunities. So, it’s no wonder that the company has succeeded in attracting a huge number of major clients as well as serious organizations truly interested in the cryptocurrency market. The company’s both potential and currency existing clients can count on a slew of striking benefits. These are unique innovative features (an auction form, a book or orders, multi-user accounts, etc.), a simple and profitable crypto trading process and a functional terminal.
One of the greatest advantages of the company is a strong focus on the security of crypto trading on the site. Today it’s one of the most reliable crypto trading sites, having financial regulation of the New York State Department of Financial Services. Moreover, to enhance security, the following solutions are also used: clients’ funds are stored in cold wallets, the Multi-Signature technology is employed, users are bound to utilize a two-factor authentication. Traders’ reviews about the Gemini crypto exchange are mostly positive, but there aren’t many of them because the company has a limited geography of customers. However, exactly such a limited geography enables the company to focus on really important things: the quality and safety of the service, the professionalism of its technical support and also the convenient and quick withdrawal of funds.
Frankly speaking, the site is not very convenient for those users, who don’t speak English. There aren’t any versions of the site except the English one, which is the only available. Additionally, the usual methods of capital withdrawal might also be unavailable on the site, oriented solely towards Western traders. Today it is difficult to consider Gemini to be a scam because it’s really the market leader, which gives its users maximum opportunities to earn on crypto trading. We repeat once again that Gemini can’t be a fraudster because the organization has a serious reputation, it has a license to work with digital currencies (2018 cryptocurrency forecast) and it provides innovative opportunities in the crypto market.
The Gemini Exchange is one of the youngest crypto exchanges in the market. However, it shows a serious intention to become an undisputed leader among competitors and today it’s making great progress. A strikingly innovative service, unique opportunities, highly professional staff members, the availability of a license, as well as a great deal of attention to the quality of service – all this enables the company to stand out from its numerous counterparts.
As an impressive financial service created for major customers, Gemini could be a useful resource for those who don’t speak English. However, today the company offers its services only to a geographically limited number of users. It remains to be hoped that the exchange will develop dynamically and gradually extend its geography to other parts of the world.
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