Gemini Exchange Review: Is It Right for You?

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Top perks

Strong selection

Gemini offers a wide array of different cryptocurrencies on its platform to U.S. customers. While this isn’t the highest number available on a crypto exchange platform, it is certainly on the higher end.

Low minimums

Gemini has minimum order amounts, but they are very low. For example, the minimum quantity of Bitcoin a user can buy is 0.00001 BTC. Other digital tokens have similarly small investment requirements.

$150 new user bonus

New Gemini users get a bonus of $150 in bitcoin when investing at least $1,000 within 30 days. While some cryptocurrency exchanges offer bonuses, this one is on the higher end and can be easily earned.

Mobile app

Gemini has an excellent mobile app that allows users to buy, sell, and convert digital currency from their smartphones or tablets. Users can set up price alerts on cryptocurrencies they’re tracking. The Gemini app has a 4.7 out of five star rating on the Apple App Store and a 4.5 out of five on the Google Play Store.

Advanced trading platform

Gemini offers an easy-to-use desktop trading platform that is more than enough for most cryptocurrency buyers and sellers. You can set recurring buys, sell and convert digital currency, and more.

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The company also offers the Gemini ActiveTrader platform that is designed to be a professional-quality trading system. It includes the ability to place multiple order types (such as market or limit orders), features advanced charting tools, and more. What’s more, ActiveTrader is mobile-optimized, so it can be used from wherever you are.

Gemini Earn

Gemini Earn is perhaps the biggest differentiator between the Gemini exchange and its competitors, as it allows customers to earn interest on their idle cryptocurrency balances. Interest rates are subject to change, but as of March 2021, the rate customers can earn on Bitcoin deposits is over 3%, more than what the best online savings accounts pay.

Gemini Pay

Gemini offers the Gemini Pay feature through its mobile app. This allows users to pay for goods and services with their cryptocurrencies at more than 30,000 retail locations in the U.S. with QR code technology. Users can choose which cryptocurrency to use — for example, you can choose to spend Ethereum to buy dinner, but leave your Bitcoin balance intact.

Educational resources

Gemini offers perhaps the most impressive collection of cryptocurrency learning content in its Cryptopedia educational library. From introductory pieces about Bitcoin and other cryptocurrencies to more advanced discussions about trading, blockchain technology, and more, Gemini has what you need.

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View more information: https://www.fool.com/the-ascent/cryptocurrency/gemini-exchange-review/

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