Gemini Broker Review
A Brief Overview
Gemini Trust Company, LLC is a New York-based cryptocurrency exchange started in 2014 with the intent of establishing a custodian and alternative cryptocurrency exchange platform in the United States. The crypto broker has its headquarters in New York where it operates under the jurisdiction of the New York State Department of Financial Services (NYSDFS).
Assets traded on the platform
Gemini offers custodial and exchange services. It allows for fiat to crypto conversion as well as crypto-to crypto purchases. Some of the crypto assets traded here include:
- Bitcoin
- Bitcoin Cash
- Litecoin
- Zcash
- Ethereum
- Ethereum classic
Fees
Gemini accepts deposits in the form popular cryptocurrencies traded on their site as well as bank and wire transfers from the United States for free. Withdrawals of both fiat and crypto currencies from the site not exceeding $10 are free. Ethereum withdrawals exceeding $10 per month attract a 0.001 Eth charge while other crypto coins attract a 0.002 unit charge of the respective altcoin being traded.
Customer support
Geminin has an efficient customer service department that is prompt and professional in answering customer queries. Some of the languages clients can use in getting in touch with the broker include English, Latin, Korean, and Chinese. Moreover, Clients can reach out Gemini team by opening a ticket or the live chat icon on their website, through the toll-free number: +1 (866) 240-5113, Facebook and Twitter handles.
Pros
- Low risk as assets are stored in cold wallets
- Doesn’t have a minimum trading deposit amount
- Relatively inexpensive transaction fees
Cons
- Limited number of cryptocurrency assets available
- Doesn’t have a smartphone application
Verdict
Gemini is good if you only want to trade popular coins like Bitcoin and Ethereum. Given their limited asset base of crypto coins, anyone hoping to diversify their portfolio might, however, want to reconsider the broker.
