SOC Certifications - Gemini is SOC 1 Type 2 and SOC 2 Type 2 compliant. Trading fees vary depending on your 30-day trade volume. If you deposit USD, you will not. Gemini is perfect for those whose goal is to save as much as possible on fees. Additionally, Gemini’s hot wallet stored funds are FDIC insured, so even if a hack were to occur, your digital assets would remain safe. Similarly, money stolen directly from a bank account via a bank transfer is also covered, by Federal Reserve Regulation E, which implements the Electronic Funds Transfer Act. Gemini Fees vs Coinbase. Fees: To buy, sell, and exchange cryptocurrencies, Gemini is cheaper than Coinbase. Gemini is perhaps one of the most well known and recognizable cryptocurrency exchanges in the United States. If you indicate that you never authorized a transfer, you will get your money back. But they changed their fee structure in 2019 and now Gemini has the least favorable combined fees for retail customers. A couple months ago, Harsh recommended I sign up for Gemini.I took his advice and decided to go through the process. 3 years ago. Gemini Trust Company, LLC or in short, Gemini, is a cryptocurrency exchange / digital asset exchange with headquarters in the United States in the City of New York (NYC or New York City). Your Gemini-held assets are kept in air-gapped cold storage systems which means they never connect to the internet in any way. Coinbase is safe, but their customer service is non-existent. Gemini’s cold storage. A community dedicated to Bitcoin, the currency of the Internet. Founded by the Winkelvoss twins, Gemini is a large New York based exchange that offers many traders a quick and easy “Fiat on-ramp” into 6 different cryptocurrencies. Gemini’s fees come in at a whopping 2%, or 200 basis points. 8. share. Gemini is better. Cold storage, on the other hand, is completely offline. The Gemini exchange uses a real time “dynamic maker-taker fee schedule”.This dynamic fee scale is what makes Gemini so attractive to individuals trading large amounts of BTC or ETH, as users with high volume benefit from fee-free liquidity-making trades and fees as low as 0.10% for liquidity-making trades. Gemini exchange fees for wire deposits or withdrawals are free of cost anywhere in the world when trading in bitcoin and Ethereum. Your reddit account contains personal information. Gemini does not charge fees for deposits or withdrawals. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. Gemini exchange fees are somewhat more complex. We are the world’s first cryptocurrency exchange and custodian to complete these exams. After moving the money, however, I found (which they did not make clear on the deposit page) that balances over $500,000 were not eligible for Earn. But after having a very difficult time signing up, I’m not having good feelings about Gemini. Coinbase Wins: Gemini Wins Variety Of Cryptocurrencies: Bitcoin, Ethereum, and Litecoin can be traded at Coinbase while Gemini supports Bitcoin and Ethereum. My experience signing up for Gemini. Report Save. level 1. If you buy through Coinbase (CB), you'll get charged a fee. Gemini is a licensed New York trust company that undergoes regular bank exams and is subject to the cybersecurity audits conducted by the New York Department of Financial Services. Gemini is not a scam and has top-notch security, so I wanted to take advantage of their interest payments. Bitcoin is a distributed, worldwide, decentralized digital money. So you are pretty much safe if someone starts to charge up a storm with your card.