Building Your Cryptocurrency Portfolio has Never Been Easier with Gemini

Do you want to know more about the Gemini Crypto Trading Platform? Continue reading, and I will show you a balanced review of this platform.
Gemini Crypto Trading Platform Review

It was founded in October 2015 by Cameron and Tyler Winklevoss. The Latin word "Gemini" stands for twins pertaining to the Winklevoss twins. They invested 11 million USD into Bitcoin – making them one of the largest holders of Bitcoins.

New York State Department of Financial Services manages this platform. Aside from that, Gemini complies with capital reserve requirements, cybersecurity provisions, and banking rules. So obviously, it is legit.

And that's just one side of the story...

What is Gemini?

It is a manageable, sophisticated, and safe platform to create a diversified crypto portfolio. Aside from the characteristics mentioned, Gemini has allied with Samsung to use the Samsung Blockchain Wallet. As a result, this collaboration enables Samsung phone users (United States and Canada) to connect their Samsung Blockchain Wallet and bring cryptocurrency to their fingertips.

How Does Gemini Work?

Cryptocurrency gives you more significant opportunities and financial freedom. It is not just a technology, but a movement that builds excellent ways for individuals and businesses globally. You can count on Gemini if you want a reliable and straightforward way to buy, sell , and store Bitcoin.

Gemini is a crypto trading platform that gives professional-level experience. You can have advanced charting, multiple order types, auctions, and block trading. In addition to that, it makes funds instantly available, so you can buy Bitcoin immediately. Moreover it provides security, has low fees, is transparent, and regulated.

How to Join Gemini?

REGISTRATION

When registering, you need to provide personal details for verification. The platform will then send a 7-digit code in your registered mobile number. After that, it will require you to upload your passport photo and proof of residency. That’s it. Your registration is completed!

DEMO TRADING

Users can trade on Gemini using the TradingView platform. This option provides real-time information and market insights to millions of traders every day.

LIVE TRADING

Gemini has ActiveTrader™. It is a trading interface that gives advanced charting, additional trading pairs, order types, and deeper order book visibility. Please take note that Gemini ActiveTrader™ is available only to selected customers.

Key Features

This platform is well designed, simple, and provides smooth and efficient user experience. Aside from that, it is incredibly responsive, making the users stay on top of their transactions.

PAYOUTS

You can get your money through bank transfer (domestic withdrawal only) or your linked bank account. Bear in mind that wire withdrawals are currently available through Gemini website.

VERIFICATION SYSTEM

There is no specific timeline for verification. However, the support team is working quickly to have users verified as soon as possible.

Once all required information is in, the verification process can take between 2-5 business days.

DEPOSIT

Go to Transfer Funds on the Menu page, then access Deposit into Exchange, and Bank Transfer. After that, you can enter the amount you want to deposit. Take note that bank transfers are limited to a maximum of 500 USD a day.

HOW TO WITHDRAW

You can withdraw directly from the bank, but you cannot execute a withdrawal until your bank transfer has been processed completely.

Navigate to the Withdrawal page, follow these steps:

  1. Choose a currency from the dropdown
  2. Select the destination address
  3. Enter the desired amount
  4. Review transfer details and select Request Withdrawal

*For Authy app users, withdrawal can only proceed if you approve the transaction on your Authy app within 4 minutes.

FEES

It operates on a "low fee" policy. Users can deposit Bitcoin and make bank and wire transfers free of charge. However, banks may charge customers when wiring money to their Gemini account.

Withdrawals on the platform are also free (30 free withdrawals) per month. Any withdrawals above this will result in approximately 100,000 satoshis (0.001 BTC) per transaction.

Trading fees are set at 0.25% for sellers and buyers. But, this can be decreased when specific trade volumes are met.

USER TESTIMONIALS

Anik Orve: Gemini is awesome! I bought a large amount of Bitcoin to invest in WolfOfCoinStreet.com, and the transaction went smoothly. Thank you!

Jonathan Hinkey: I found Gemini's customer service to be very helpful.

Heilige Scheiße: Such a magnificent site that keeps their words. I got to invest 1.7 BTC, and only after 10 days, just 10 days, the profit was 5.78 BTC. MANNNNN! Splendid!

CUSTOMER SERVICE

For questions or concerns about your account, please contact the Customer Service/Support Team via email or call their toll-free number in the USA

BROKERS

Brokers manage your assets and facilitate transactions between your bank and Gemini’s account.

It is advisable to take extra precautions in choosing the right broker. Look for additional information to ensure that your funds are transferred to your account.

PROS AND CONS

Gemini vs Other Trading Platforms

PROS

  • Reliability, transparency, and security
  • Transparent and has reasonable fees
  • High volume of exchange with reasonable charges
  • Seamless deposits and withdrawals
  • User-friendly

CONS

  • There are limited currencies available
  • Only uses USD as currency

Gemini Hoax

The safety of customers has been the top priority of Gemini since the beginning. As cryptocurrencies’ popularity grows, the number of fraudulent activities grows as well. Gemini itself is secure, but the criminals make it a hoax.

Here are some of the prevalent online scams:

  • The criminals will call the victim to run his computer and make a fake diagnostic test, from there, they can quickly loot the victim’s account.
  • Scammers will use pop-ups on a victim’s monitor, stating that a problem needs to be urgently fixed. They will ask for payment to solve the non-existent issue.
  • Criminals may also create fake Gemini Support websites

Gemini App

It offers an iOS and Android app which you can download on the Apple store, Google Play Store, or Galaxy Store.
The website is a tablet and mobile-friendly. You can also log in to your account on a laptop or desktop.

Conclusion: Is it Scam or Legit

It’s legit and has worked and adheres to three principles:

  1. Defend against external threats
  2. Protect against human error
  3. Guard against the misuse of insider access

Is Gemini Safe?

The simple answer is yes!

It’s safe because of its Two-Factor Authentication (2FA) via Authy OneTouch and you are required to have a strong password to log in to your account. Aside from that, it encrypts your passwords, personal information, and other sensitive information.

Moreover, its digital assets are kept offline and your funds are FDIC insured up to 250,000 USD.

Can You Make Money With Gemini?

Of course!

Execute trades on Gemini when Bitcoins are undervalued. You buy Bitcoin when the price is low, you sell when the price is high. Repeat over and over. If you follow this, you are guaranteed to make money.

Why Invest With Gemini?

The four pillars of Gemini: Product, Security, Licensing, and Compliance

If you are looking to trade Bitcoin with confidence and peace of mind, Gemini is the right choice. It is a viable option for newbies and professional traders.

The pricing data and asset descriptions of cryptocurrencies provided on the website are only for informational purposes and not investment advice. Keep in mind that trading cryptocurrency involves risks. You should know how much you can afford to lose and consult qualified and authorized advisors before engaging in any transactions.

About the author

Hi I'm Jeff Kiefer and this is my blog. I've been in the Internet Marketing industry for over ten years now, and I would like to share all my experience, insights and other fun stuff with you guys!

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