Scroll Top

search-icon
    drop-arrow

    Gemini

    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.

    What are the Cons of Trading on Gemini?

    • It does not support short trading.
    • It charges high fees based on market price. The trading fees include the spread and the fee per transaction.
    • Gemini might be slightly complicated for beginners.
    Index

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use

    ISO

    ISO 27001

    Data Center

    SSL

    SSL Certified Site

    128-bit encryption