You are welcome to my Gemini Exchange review.
I am sure you are here because you want to know how to make money with Gemini Exchange.
But, Is Gemini Exchange a scam? Is Gemini Exchange safe?
Gemini Exchange is a digital currency exchange.
The company is a cryptocurrency custodian that will help you buy, sell, and store your digital cryptocurrency assets.
Gemini Exchange is regulated by the NYDFS (New York State Department of Financial Services).
Tyler Winklevoss and Cameron founded the company in the year 2014.
Gemini Exchange was the first cryptocurrency exchange for both Zcash and Ether; the company was license in for both in May 2018 and June 2016 for both crypto respectively.
Gemini Exchange at a Glance
Name of Exchange: Gemini
Headquarters: New York City, New York
Key People: Cameron Winklevoss & Tyler Winklevoss (Co-founder)
Products: Cryptocurrency Exchange
What Is Gemini Exchange For?
Do you want to know all about Gemini bitcoin exchange? This Gemini exchange review will show you if you can ever make money with and on Gemini bitcoin exchange.
Gemini bitcoin exchange is a New York-based company started by Winkle Voss twins in 2015 with the objective of conducting an online exchange of fiat currencies and trading of cryptocurrencies.
The company provides users with a secure means of online exchange at a lower price with the advantage of transfer exchanges to other similar sites.
A lot is covered in this Gemini bitcoin exchange review, which includes:
- How To Buy/Sell Bitcoin And Ethereum On Gemini Exchange | YouTube
- Beginning Of Block Trading on Gemini Exchange | YouTube
- How To Handle Wire Transfer On Gemini Exchange | YouTube
Do I Recommend Gemini Exchange?
With the emergence of online trading of cryptocurrencies and fiat exchange, many people have adopted the innovation in recent times.
The question many users of the online services have is the safety of their assets, Gemini bitcoin exchange has been working on improving performance as well as monitoring of its infrastructure to ensure that users’ assets are safe.
This coupled with cheap rates makes the site ultimate site for asset exchange.
How to Use Gemini Bitcoin Exchange
Gemini platform is designed for ease of usability in mind. It allows users to navigate the site effortlessly.
To sign up a new account one needs to visit the home page and click on the ‘Open a Personal Account’ and create your account where you will need to enter your address, password, and email.
Of great importance is linking your account to your phone number and bank account to make the credit of funds stress-free.
Payment Method Supported By Gemini Exchange
Gemini bitcoin exchange offers various methods of payments such as bank deposits, Automatic Clearing House [ACH] and wire transfer.
The site is fully controlled and regulated as it follows a given set of rules provided by the authorities, thus making it the only site which is certified for online brokering.
At the moment the site only allows trading with US dollars.
Fees Structure Charge on Gemini Exchange
Virtual exchange of Cryptocurrency and fiat currency occurs online in an open market with the provision of cheaper fees structure than its competitors.
Withdrawal and deposits via bank, wire transfer, BTC, and ETH are free.
Trading of currencies range from 0- 02.5% depending on the trading volume and cryptocurrencies being traded.
Customer Support on Gemini Exchange
Customer support on Gemini bitcoin exchange has been evidently reported as being poor by many customers, but based on my experience I would say it is not worse off.
Its FAQ segment deals with matters arising such as issues with transfers, security and general issues like how to access the account as well as the type of assets sold at Gemini exchange.
The FAQ segment has a submit query button where customers can reach customer care.
Public Opinion of Gemini Exchange
Online public opinion on the company evidently shows that customers prefer the site over its competitors. This has been attributed to its following regulations making it a certified site to conduct currency and fiat exchange.
Besides, it provides competitively lower prices compared to any other site, thus providing value for the customers’ money.
Can You Really Make Money On Gemini Exchange?
The company is verified and certified to conduct fiat and currency exchange online since it abides by the law and regulations pertaining to online brokering of currencies.
It is unquestionably that members benefit from conducting fiat and currency exchange at a cheaper rate.
What I Like About Gemini Exchange
- The company has high security as compared to its competitors its assets are insured. It the event of hacking customers is less likely to lose their currencies and assets, besides the cold storage provided by the company is one of the ways of providing asset security.
- It is evident that the company has very low to no fees at all making it the best option for online brokering.
- Most user report that it is a trustworthy company which has the aim of improving consumer experience daily.
Issues with Gemini Exchange
- Gemini bitcoin exchange verification process has been reported to be slow, but this has been attributed to security concerns.
- The company has poor customer support, without provision of any phone call and SMS service.
- Customers have reported issues with privacy since their information can be viewed by other users without strict regulations.
Who Is Gemini Exchange For?
Gemini bitcoin exchange targets consumers who would love to make currency exchange, fiat exchange as well as trading of bitcoin and Ethereum.
The company is based in New York, and it operates in the US, Canada, UK, Singapore, and many countries worldwide.
Alternatives to Gemini Exchange
There are many companies which operate in the same manner as Gemini bitcoin exchange thus increasing competition.
This includes Coinbase, Kraken, and Bitstamp although the competition is steep the company has been able to beat its competitors since it meets its consumer's needs.
How to Withdraw Your Money on Gemini Exchange
Gemini Exchange simplified the withdrawal process on the platform.
To withdraw your Fiat money from your Gemini Exchange, choose your currency and the method, enter the amount you love to withdraw.
You will need to input your credential and security verifications to conclude.
Deposit and Withdrawal Limits
- Daily bank transfer of $100,000 (Withdrawals)
- Daily bank transfer of $500 and $15,000 within 30 days
- Bank wire unlimited.
- Cryptocurrency unlimited.
Is Gemini Exchange Safe?
I am sure one primary reason why you are here is to be sure if Gemini Exchange Safe or not. Many people also ask the same question but in different ways.
The questions about Gemini Exchange in many forums online are:
- Is Gemini Exchange secure?
- Is Gemini Exchange legit?
- Is Gemini Exchange a Scam?
- Is Gemini Exchange regulated?
- Is Gemini Exchange profitable?
- Do Gemini Exchange report to IRS?
You will find the above questions in many forums online.
The answers to the many questions above are YES. Gemini Exchange is secure and safe for your usage.
Gemini Exchange is one of the most secure cryptocurrency exchanges in the world, and NYSDFS well regulates them.
Gemini Exchange Is SOC 2 Compliance
Gemini Exchange is the first cryptocurrency exchange in the world to be the SOC 2 Type 1 certifications. This was achieved in 2018 with the engagement Deloitte & Touché.
SOC 2 compliance is an auditing process and procedure that ensure that the set-up system is secure, available with greater integrity and privacy of customers’ data and confidentiality are observed at all time.
SOC 2 certification is a minimum requirement to engage SaaS provider. SaaS is third-party provider hosts in the usage of cloud computing for storage of data.
The SOC 2 review achievement by Gemini Exchange provides the user with security and a safe platform to trade and store your assets.
It is mandatory to achieve SOC 2 review by every traditional and financial and tech industries.
NYSDFS Regulates Gemini Exchange
Gemini cryptocurrency exchange is based in New York City, and they are subjected to the regulators. The company is governed by the New York State Department of Financial Services.
There is always a requirement that must be made before NYSDFS can certify any company; such regulatory requirements include consumer protection, capitalization, anti-money laundering, cybersecurity requirements certification, and compliance.
Storage of Crypto Assets in an Offline Cold Storage
Safety of funds and asset must be the concerns of every bitcoin exchange users. Gemini Exchange has measures in place to secure your crypto assets.
Most of the funds are held and secure in offline cold storage instead of employing hot wallet technology.
The offline storage of Gemini Exchange is held in multiple secure locations. The company fiat is also secured with Federal Deposit Insurance Corporation.
User Security on Gemini Exchange
Every Gemini Exchange user must employ two-factor authentication logins (2FA); also called dual-factor authentication or two-step verification.
This is a process that forces the users to provide a two-way authentication to verify their credentials before login into the Gemini Exchange.
Is Gemini Exchange worth It?
What do you think of my Gemini Exchange review? Do you think is Gemini Exchange with what you now know? Or, you think Gemini Exchange is a scam?
Gemini Exchange is definitely legit. The only problem with Gemini Exchange is that you may not be able to make money consistently.
Bitcoin trading is a risky business and you can lose all your monies.
Without any doubt, I would recommend the site to anybody who would like to conduct an online exchange of fiat and cryptocurrencies.
This is due to it being one of the most secure and cheap sites, therefore, providing value to consumers’ money.
You can also read more about Gemini Exchange on Wikipedia.
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