Gemini Coupon – Bonus Code
Gemini is a Bitcoin trading platform created by the Winklevoss twins (the people who accused Mark Zuckerberg of stealing their idea from Facebook). The Winklevoss twins claim to own about 1% of all Bitcoin, making them one of the largest owners of Bitcoin in the world. They launched this platform in mid-2016 and are desperately trying to become the most active and renowned Bitcoin exchange on the market.
The registration process is a standard procedure – you enter the requested information and then click Next until you get to the last step and click the activation email you received in your inbox. In order to use the exchange, you must also provide your bank details.
KYC is also an industry standard – you must present one of the government-issued ID cards to be verified and to take full advantage of the exchange. The stock exchange is based in New York and has the status of a New York State Limited Liability Trust, Gemini is a fully compliant and registered company and meets the highest standards of banking compliance. As a result, the exchange deals with both institutional and retail clients and is a popular option for investors who value security and efficiency.
Gemini is one of the most respected exchanges in the sector and acts as a bridge between the more traditional financial markets and the ecosystem of crypto-currencies. The exchange also brings a high level of professionalism to the market and offers a first class service that is praised by its clients.
Don’t fall for the fake bots – trade with the real and best on the market – Quadency (3 months free trial if you click here)
- Functionality – The Gemini platform is well designed and easy to use. The user interface is kept relatively simple and offers a smooth and efficient user experience. Key data on prices, orders and balances is updated instantly, keeping the platform extremely responsive and allowing users to stay in control of their transactions.
- Security – Gemini strictly adheres to all digital asset regulations and consumer protection laws and therefore operates with a high level of security and professionalism. US dollar accounts are insured with the FDIC, with funds held at a bank chartered from New York. All digital assets are stored in cold storage, while online resources are hosted at Amazon Web Services, which also uses a variety of additional security measures.
- Customer Support – Gemini offers a detailed FAQ that answers the most common questions, as well as a blog that provides users with instructions on buying and selling Bitcoin. Specific user inquiries are handled via email, and Gemini strives to respond to customer inquiries within hours.
- International availability – The exchange is currently available in approximately 45 U.S. states, Canada, Hong Kong, Puerto Rico, Singapore, South Korea and the United Kingdom.
Gemini also operates a marketplace that runs 24 hours a day, 7 days a week. Here users can place as many orders as they like with a wide range of trading options. These include:
Market orders – which are executed immediately against pending orders at the current best available price. Limit orders – which are executed at a specific price or better than a specific price. Any unfilled quantity remains on the continuous order book until filled or cancelled. Immediate or cancelled (IOC) limit orders – which are executed immediately at a specific price or better than a specific price. Any quantity that is not executed immediately is cancelled and does not rest on the continuous order book. Maker or Cancel (MOC) Limit Orders – based on the continuous order book at a certain price. If any quantity can be processed immediately, the entire order is cancelled.
Gemini acts as a full reserve exchange and all orders placed on the platform are fully funded. However, Gemini does not offer margin trading and outstanding interest on its order books may not exceed a user’s account balance at any time. It is also worth noting that all open orders reduce your available balance until they are filled or cancelled.
With regard to bank transfers, Gemini pursues a favorable fee policy and platform users can make Bitcoin, Ether, as well as bank and wire transfers free of charge. However, individual banks may charge their customers a fee for transferring money to their Gemini account. Payouts on the platform are also free, and all customers receive 30 free payouts per calendar month. Any payouts in excess of this amount will result in charges equal to the mining fees payable on both networks. This is estimated at approximately 100,000 Satoshi (0.001 BTC) per transaction on the Bitcoin network and 0 GWei (0 ETH) per transaction on the Ethereum network.
Trading fees are set at 0.25% for both sellers (producers) and buyers (buyers), but these fees are reduced when certain trading volumes are reached. The producer fee is reduced to 0% for 30 days trading volumes exceeding 5,000 Bitcoin or 100,000 Ether. For the same trading volumes, the buyer fee is reduced to 0.10%.
Gemini also uses a dynamic brokerage and subscriber fee or rebate plan; and traders can receive a discount on liquidity-providing trades. Specific amounts depend on the gross trading volume and the buying and selling relationship over a 30-day period. The data is re-evaluated every 24 hours and further information on fees can be found here.
For most transfer methods there are no restrictions on deposits and withdrawals. However, Automated Clearing House (ACH) transfers are limited to a maximum deposit limit of $500 per day and $15,000 per month for individual account holders. Institutions are limited to making ACH deposits of $10,000 per day or $300,000 per month.
In terms of purchases, the minimum purchase amount for Bitcoin is 0.00001 BTC or 1000 Satoshis for ether, and the minimum purchase is 0.001 ETH.
Is Gemini safe?
Gemini has the reputation of being one of the safest exchanges in the sector and uses a number of methods to ensure a high level of security at the same level as traditional financial institutions. User accounts are secured with two-factor authentication, which means that an additional device must be used to access the account and provides an additional level of security.
In addition to having their US dollar accounts insured by the FDIC and funds held in a New York-certified bank. Gemini also places all its digital assets in a cold storage room, while online assets are hosted on Amazon Web Services. This also provides a critical additional level of security, as Amazon Web Storage leverages security features such as multi-factor authentication, tiered access controls, and dedicated hardware security modules.
Gemini’s commitment to maintaining the highest level of security available makes it a popular choice among institutional investors and high net worth individuals as well as everyday retail investors. Clients of all types can carry out their transactions with confidence, regardless of their volume.