Based on our research, Gemini has one of the best apps in crypto for beginners, but due to its lack of analytical features, we cannot recommend the app for technical traders. Overall, the Gemini trading app is a simple and secure platform that enables users to buy and sell crypto without hassle. However, while opening a position is simple, the app has essentially zero charting capabilities and features no way to enable advanced trading features as is present on the desktop version. Furthermore, toward the bottom of the homepage, Gemini included some basic educational material designed to help people get started.Ĭrypto investors can easily buy and sell assets on the exchange from the dedicated market section. Initially, the customer will be met with a screen showing their portfolio, an asset watchlist, and a few of the day's best-performing cryptocurrencies. While creating our Gemini exchange review, we analyzed the mobile app to determine its real-world usability. Furthermore, if users want to buy any cryptos not available on ActiveTrader, the increased costs drastically reduce the exchange's efficacy. Overall, the selection offered by Gemini is much smaller than exchanges like Coinbase, KuCoin, and Binance. While it boasts 29 additional trading pairs, denominated primarily in BTC, ETH, LTC, and BCH, users only have access to 11 cryptos, over 100 less than the more costly web platform. Unfortunately, the range of cryptocurrencies is much smaller on the ActiveTrader platform. The good thing about Gemini is they continue to add coins each month and carry decent liquidity on all coins on their exchange. Gemini supports 116 cryptocurrencies, including BTC, ETH, SOL, DOGE, MATIC, LINK, and DOT. Supported Cryptocurrencies and Trading Pairs Traditional currencies can be deposited to the Gemini exchange using payment methods such as debit/credit cards, PayPal, and transfers from a bank account. Gemini allows users on the platform to buy & sell digital assets by supporting seven fiat currencies such as USD, GBP, EUR, CAD, SGD, HKD, and AUD. Supported Fiat Currencies & Deposit Methods Furthermore, verification can take quite a while based on our experience (should be less than 24 hours). However, the photo must be taken live, meaning that a camera-enabled device is required to complete verification. This process is handled by Onfido, with the user needing to take a picture of a photo ID (passport, driving license). In addition, before trading, users are required to verify their accounts. Additionally, the user must enter their address and source of funds. A customer's full name, email address, and password are required for the initial sign-up. Users must go through the registration process to create an account with Gemini. To learn more, read our guide on GUSD, which explains how it works and its uses within and outside of the Gemini ecosystem. In addition, there are no fees to purchase GUSD on the Gemini platform. The price of GUSD is pegged to the US Dollar and is one of the only insured stablecoins on the market.Īs an ERC-20 token, GUSD can be used on Ethereum-based DeFi applications and held in any ERC-20 compatible wallet. This coin can be used for trading on the Gemini exchange and is also available on other platforms. Gemini offers a stablecoin known as Gemini Dollar (GUSD). Partnered with top companies Samsung, Tradingview, Brave, and Nifty Gateway, Gemini is an exchange and custodian that provides a simple, elegant, and easy way for individuals and institutions to buy, trade, store, and sell digital assets. Gemini is a private New York trust company founded in 2014 by Cameron and Tyler Winklevoss, commonly known as the "Winklevoss twins." The company provides a legitimate cryptocurrency exchange licensed and regulated by the New York State Department of Financial Services (NYSDFS). Gemini Credit Card, Gemini Wallet, Gemini Custody, Gemini Dollar (GUSD)īTC, ETH, SOL, DOGE, MATIC, LINK, & 110 others
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