Review Gemini Exchange | Is Gemini Exchange Scam?

If you all have seen the movie “The Social Network” remember the two twins Cameron and Tyler Winklevoss who claimed to own The Facebook at that time and sued Mark Zuckerburg for $100 million. Now they are the owner of nearly 1% of the world’s bitcoin as well as the founders of a Legitimate online exchange called Gemini.

Gemini was developed in 2015 and was regulated unlike many exchanges before being functional the exchange was fully regulated and registered company.

The platform is nicely designed with easy to use interface while providing basic functionalities for new traders, the balances, orders, books nicely change without any hesitation and slow connections.

Review on Gemini Exchange

The security is also good and advanced providing two-factor authentication like most online exchanges, the best thing is that the website is transparent about providing security providing information about security and security types like cold storage, hot wallets etc.

Gemini Exchange

Currency Support

Gemini currently supports:

  • Bitcoin
  • Ethereum
  • USD

Gemini has limited options in terms of currencies available but this exchange is growing slow but strong in manner because it is a US-based exchange it has limited options in fiat and cryptocurrencies.

Gemini supports deposits and withdrawals in USD only as it is mostly US-based, American traders would find this exchange worthy as it has many deposits and withdrawal methods available.

¬†An Amazing trade feature is that Gemini allows trading in direct USD also which makes it unique and special as most exchanges do fiat trading in tether but on Gemini, you don’t need any tether blockchain or currency to trade.

Fees

The Fee model on Gemini is quite complicated and can be found here. But counting simply that it can be as high as 0.75% to 0.10% taker fee and 0.75% to 0% maker fee which is quite good according to industry standards and the services provided by Gemini.

While, the great news is that deposits and withdrawals are both free of cost on USD via bank or ACH transfers, which is quite a relief as most of the exchanges come up with heavy deposits and withdrawal fees.

Customer Support

Customer support is good on Gemini as there is an email option which usually replies within a couple of hours and users don’t have to wait for days to get a response.

The websites extended FAQ provides most answers as there is detailed information regarding the platform and general issues held by users.

Is Gemini Exchange Scam? [Online Reviews]

As there is no big user-base of Gemini as there are of other big exchanges working on a global platform but those found were positive only.

As the owners of the platform are showcased and are big names (Ex Olympians) so there is authenticity in the platform as compared to other online exchanges which have hidden names involved in them.

Conclusion

There isn’t any doubt that Gemini Exchange is a legitimate online exchange, which was regulated before even being functional and there are big names which have million dollar portfolios so there is no doubt on legitimacy.

The exchange might be suitable to USA citizens as it has vast options on deposits and withdrawals, while there aren’t many currency options available, but Gemini is expanding is operations and a legitimate platform like this should be functional across the globe so that it would get huge target audience that it deserves.

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