Review on Gemini by Aniruddh Ravel

Name: Gemini
Item: Gemini
Rating: 4

June 17, 2019

Well reputed cryptocurrency exchange

Gemini was launched not long ago, in 2015. But in this short time, they have gained not only a good reputation but also a significant share in the trading market. In the review that follows, you will know the good, bad and the ugly (if any) about the cryptocurrency exchange service Gemini.

Gemini doesn’t sell Ethereum directly. You can submit an order on the site to exchange ether with other users. The good news is that you don’t have to pay anything to withdraw ether to your wallet. However, you do have to pay a small fee to buy ether from other users.
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SAFETY

Safety is a prime concern in the internet world. But you would be happy to know that Gemini is very safe when it comes to keeping funds or personal informations secure. Let us dive deep into how safe Gemini actually is.

Since Gemini is based in New York, it has to pass all the regulations imposed by New York State Department of Financial Services (NYSDFS). NYSDFS has set standards in terms of capitalization, compliance, anti-money laundering, consumer protection and cyber security requirements.

The company was started by Winklevoss twins who are internet entrepreneurs who sued Mark Zuckerberg for stealing their idea of a social networking site. They invested in a number of startups including BitCoin for which their share is equal to $1 Billion.
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Pros

Low fees as compared to other cryptocurrency exchanges
Their interface is good for beginners who wanted to get started with cryptocurrency
Gemini has attained a good reputation in a short time period
Gemini is financially secure as it is backed by two leading investors
No charges on deposits or withdrawals of cryptocurrency
Great discounts for those who trade in high volumes

Cons