Crypto Frontline

Gemini Crypto Exchange Overview

Gemini is a cryptocurrency exchange based in New York, founded in 2015 by the Winklevoss twins. Even the name itself – Gemini- refers to the zodiac sign picturing a pair of twins. Tyler and Cameron became famous back in 2004 when they sued Mark Zuckerberg for stealing their social platform idea. They managed to get $65 million in damages. A few years later, in 2011, the brothers had invested $11 million in Bitcoin, an investment now worth very close to $1 billion.

Although the Gemini exchange appeared recently and it does not have a long track record in the market, it quickly became one of the most reliable exchange platforms in the market. Currently, it is placed on the 34^th spot in the coinmarketcap.com ranking by daily volume. A nice achievement, considering that the exchange has support for only 6 cryptocurrency pairs.

Another achievement worth to mention is that Gemini became the first licensed Ether exchange in the world in 2016.

Main Features

• Coin types: BTC/USD, ETH/USD, ETH/BTC, ZEC/BTC, ZEC/USD, ZEC/ETH
• Available payment methods: wire transfer, Bitcoin, and Ethereum
• Fees structure: trading fees between 0.0%-1.0%
• Verification process: after providing personal details and bank account details, each customer needs to provide an identification document and a proof of address.
• Geographical restrictions: the exchange operates in the US, Canada, Hong Kong, Singapore, South Korea, and the United Kingdom.

Pros

• The exchange provides good liquidity for the supported cryptocurrency, despite being launched less than three years ago, showing that the company managed to gain the trust of customers quickly.
• Variable fees, which is an advantage for those wanting to trade higher volumes.
• One of the most trustful exchange, having been licensed as an Ether exchange in 2016.

Cons

• The exchange only operates in 6 countries, leaving all the others unable to trade with Gemini.
• A limited number of supported cryptocurrency pairs.
• Due to compliance with regulation, the verification process requires a lot of information.

Gemini Review Summary

Overall, Gemini is a trustful cryptocurrency exchange, being the first licensed Ether exchange in the world. Despite the support for just 6 cryptocurrency pairs, Gemini manages to be among the top exchanges by daily volumes, a fact that shows there’s interest from people to use its services.

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