• 2022 Gemini Review • Is It Worth It? | Crypto

    Gemini is a cryptocurrency exchange and custodian that offers investors access to over 100 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia.

     

    Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.

     

    Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader.

     

    In addition to a host of platform choices, Gemini-login users also have access to insured hot wallets to store tokens without worrying about digital asset theft. Learn more about what Gemini can do for you in our review.

     

    BEST FOR

    • New investors looking for a simple mobile and web app
    • Day traders looking to use technical analysis tools
    • Users looking for a 1-stop-shop to buy, sell and store all of their cryptos

    PROS

    • Easy and quick signups — can get started in as little as a 5 minutes
    • Multitude of platforms to accommodate traders of all skill levels
    • Hot wallets include insurance to protect your from theft and hacking attempts

    CONS

    • Charges both a commission and a convenience fee for users buying and selling through the desktop or mobile app

    Why Gemini?

    With the blockchain industry rapidly expanding, investor options for cryptocurrency exchanges seem to grow by the day. While you could use a stock trading platform like Robinhood, these exchanges greatly limit what you can do with your cryptocurrencies. Instead, you should use a platform like the Gemini exchange, as this will allow you to send crypto across wallets, earn interest on your holdings and even use your cryptocurrency as collateral if needed.

    Compared to other cryptocurrency brokers, Gemini offers a number of unique features. Security, coin offerings and user experience should be some of the most important features you look for in a cryptocurrency exchange. Make sure that the exchange you choose supports the cryptocurrencies you seek to invest in, or else you'll need to make a separate exchange account for other altcoins down the road.

    • Interest bearing accounts. Not looking to actively trade your cryptocurrency? If you're investing in crypto for the long-term, then an interest bearing cryptocurrency account is a great option for you. By staking with the Gemini wallet, you can earn anywhere from 2% to 7.4% annual interest on your digital assets. This interest in paid in the cryptocurrency stored in your account, making it easy for you to passively add to your portfolio.
    • Wide selection of cryptocurrency offerings. Gemini provides support for a diverse mix of 48 cryptocurrencies, ranging from major projects to smaller altcoins. Although there are other exchanges with more variety, Gemini allows you to earn interest on your crypto positions.
    • Dynamic price alert features. Mobile investors will love the Gemini app’s alert features, which allow you to receive a push notification when an asset you’re interested in reaches a predetermined price target. You can even set alerts to inform you when an asset increases or decreases in price by a predefined percentage.

    Gemini Education

    In addition to a beginner-friendly platform, Gemini also offers a few helpful resources that you can use to learn more about the cryptocurrency market before you invest. Think of this as a Gemini review of the markets and how to succeed. Let’s take a look at some of our favorite education tools currently offered by Gemini.

    • 5-minute cryptocurrency guides. Overwhelmed with complicated cryptocurrency articles? Gemini makes it easier to learn more about assets like Bitcoin, Chainlink and more with its simple 5-minute guides. Guides are broken down into beginner-friendly sections and are written with complete novices in mind. If you’ve tried to learn about crypto mechanisms in the past but found yourself overwhelmed by confusing terminology, Gemini’s guides can be an excellent place to start educating yourself.
    • Crypto glossary. Have you ever been reading an article about a particular cryptocurrency project and come upon a word or term you didn’t recognize? Gemini makes it easier to dissect press releases, seminars and articles with its comprehensive cryptocurrency glossary.
    • Webinars. In addition to written resources, Gemini also offers video webinars that you can use to learn more about the market. Previous webinar topics include “Cryptocurrency 201” and “Introduction to Ethereum.” Gemini’s webinars are pre recorded, which means that you can view them at your own pace and when it’s most convenient for you.

    All of Gemini's education resources are available for free, and you don’t need to be logged into your Gemini account to access any educational tool or video.