Pros

• High security standards with SOC 1 and SOC 2 certifications and two-factor authentication
• Regulatory compliance as a New York State Trust Company
• User-friendly interface suitable for beginners and advanced traders
• Insurance on digital assets stored in the hot wallet
• Supports a variety of payment methods including bank transfers, debit cards, PayPal, Apple Pay, Google Pay, and SWIFT
• Gemini Dollar (GUSD) is FDIC-insured up to $250,000 and pegged to the US dollar
• Robust mobile app offering full functionality for trading and managing crypto assets

Cons

• High fees compared to many other exchanges, including trading and convenience fees
• Limited cryptocurrency selection compared to platforms like Binance or KuCoin
• Slow customer support and lengthy verification processes
• Restricted derivatives trading with limited trading pairs and not available in certain regions
• No fee discounts for high volume traders

Spot Trading

Fees

Like all centralized exchanges, Gemini charges fees. This is how they generate revenue, and keep their operation running.

• Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
• Withdrawal fees. Gemini charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by Gemini.
• Gemini's maker fees: 1.49%*
• Gemini's Taker fees: 1.49%*

Maker/taker fees are tiered. As you trade more and generate volume, they often fall.

Payment Methods

Gemini supports 2 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

• Credit/Debit Card
• Bank Transfer

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

Gemini supports 3 fiat currencies.