Review on Gemini by Benaiah A. Akinlade
Gemini: Always have your back in protecting your assets
Gemini is a Bitcoin and Ether exchange platform founded in 2015. In 2016, it became the first licensed Ethereum exchange in the world.
The platform is available in almost all the states in USA, Canada, United Kingdom, Hong Kong, Puerto Rico, Singapore, South Korea.
The majority of assets on Gemini are held offline so that it will reduce the risk of getting hacked. Gemini is also fully registered and it complies fully with banking standards so institutions and individuals can use it. The platform provides Professional and high-quality services for customers. Their customer service support is also impressive as they provide blogs and questions section and emails to deal with customer issues, and they reply fast and swiftly too.
The UI is easy and simple to use, so beginners can get adapted quickly.
Exchanging of assets on this platform does not incur expensive fees. Cryptocurrency, bank, and wire transfers are free. Be rest assured that the first 30 withdrawals you make every month is free.
You need to submit a lot of your personal information on the platform for verification purposes.
It has limited selection of funding methods (withdrawals and deposits), so the exchange only supports Btc and Eth. Their excuse is that a lot of altcoins have not proven themselves for a sustainable period of time.
Gemini operates its account verification like you would when opening a bank account. It requires:
1. Your phone number so you can complete 2factor authentication,
2. linking your bank account,
3. your address and identity verification through utility bills and government issued ID card
Pros
- It is a fully licensed platform
- The additional security features of the platform makes it safe to keep huge amount of money both in crypto and fiat
- Gemini is very useful for users who intend to make a lot of daily transactions
- Very interactive User Interface
Cons
- It doesn’t support a lot of funding methods for both deposits and withdrawals
