What is Gemini?
- Gemini is a privately-owned cryptocurrency exchange working out of New York, United States.
- Gemini was started by the Winklevoss twins – Cameron and Tyler Winklevoss.
- This cryptocurrency exchange allows users to buy, sell, trade, and securely store cryptocurrencies. Nearly 40 plus cryptocurrencies are traded on the stock exchange. These include Bitcoin, Ethereum, Dogecoin, Chainlink, Litecoin etc.
- It is an alternative and a competitor to other cryptocurrency exchanges – Coinbase and Kraken.
Features of Gemini
- It offers a tiered service for both casual investors and hardcore traders. In order to trade on the platform, customers must link a bank account and initiate a wire transfer or an ACH deposit from a bank. It operates on a 24/7 basis.
- Presently, it has a mobile application along with a payment application, and its very own currency - the Gemini dollar that is tied to the US Dollar.
- Gemini was the first to launch bitcoin futures contracts as early as 2017 itself.
What are the Benefits of Trading on Gemini?
- Ease of use and security in transactions are two of the main attractions of this crypto exchange. Most users' crypto is stored in an offline "cold storage" while the ready money is held in an insured "hot wallet" ensuring that there is maximum security associated with the transactions.
- It supports a number of cryptocurrencies and has its very own currency, the Gemini stable coin. Additionally, it is licensed and regulated by the New York State Department of Financial Services and has even had the distinction of obtaining insurance for customer’s cryptocurrency assets.
- It has a simple interface for beginners along with advanced options for active traders. It also has a learning hub to aid the investors.
- Interestingly, Gemini Earn program allows the investors to earn interest on one’s holdings.
