Gemini Review

Gemini

April 29, 2019

FrederikNielsen
26

What is Gemini?

The exchange is located in the United States and began its operations in 2015 after it was approved by the State Department of Financial Services of New York. The owners of the site – brothers Cameron and Tyler Winklevoss immediately set a goal to make it a fully regulated global digital asset exchange. Initially, the exchange aimed mainly at attracting institutional investors. Later, she began to express interest and private traders. The site interface is made exclusively in English since the site team is interested in large players from highly developed countries. Gemini is considered to be one of the most reliable cryptocurrency exchanges, as it works with individual investors and investment funds in full compliance with the requirements of the law.

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Supported Coins on Gemini

For a long time, the Gemini cryptocurrency exchange traded only Bitcoin, Etherium and USD. Recently, a digital coin Zcash was connected to the exchange. Total on-site trading is possible for 6 trading pairs: BTC / USD, ETH / USD, ETH / BTC, ZEC / USD, ZEC / BTC and ZEC / ETH. The leading position with a large margin in daily turnover is occupied by a pair of BTC / USD, i.e. the one for which, first of all, the exchange was created. The turnover of the pair is 30 million dollars per day. The second place is occupied by ETH / USD with a large lag in turnover, its volume is equal to six million dollars a day.

Commission Fees on Gemini

The commission on the Gemini exchange is at an acceptable level for trading. Restrictions on cryptocurrency crediting are completely absent. When crediting a deposit in US dollars, the user can deposit no more than $ 500 per day on his personal wallet. And, accordingly, up to $ 15 thousand per month. There is also a limit on the withdrawal of funds for a dollar account, which is equal to $ 100 thousand per day. There are no restrictions on withdrawal of funds in cryptocurrency. Gemini does not take commissions for input and output, which is a very positive thing for traders. The site allows you to directly deposit and withdraw dollars. To enter funds, during the registration of a new user, you need to bind the account in the bank to the account on the exchange. Do not forget that each bank can charge transactions

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Security Measures

The implementation of a qualitative level of security is the most important direction for the operation of any cryptocurrency exchange. Gemini is responsible for this issue. A well-known face was involved in the work on defense – Than Paya. This person is known for the successful organization of the Airbnb security service, as well as his participation in building Google Wallet.

Gemini is one of the most popular cryptocurrency exchanges in the world. There is no official statement about hacking the exchange. The site has an impeccable reputation in the cryptocurrency market. Gemini specialists are making great efforts to implement a quality level of security. That is why on the site you can find a large number of clients and larger organizations with a solid size of the investment portfolio. The site operates under the control and in strict accordance with the requirements of the Financial Services Department of New York, which gives a certain level of confidence in the quality of the Gemini protection level.

In general, the security level of Gemini users is at a high level, as evidenced by the high level of site demand among cryptocurrency traders.

Frederik Nielsen
Frederik Nielsen

I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.

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