Quick Overview
Gemini is a US-regulated cryptocurrency exchange founded by the Winklevoss twins in 2014. It operates under New York's trust charter and is known for strict compliance, institutional-grade custody, and a split between a simple web/app interface and a more advanced ActiveTrader setup. It has never suffered a major hack and offers trading, custody, a stablecoin, and other crypto services.
Features & Feel
Gemini delivers tools for both casual users and professionals. Beginners get a clean interface for quick buys and sells. ActiveTrader unlocks order books, advanced charts, and tiered maker-taker fees that drop with higher volumes. The exchange also offers custodian services and insurance on hot wallets - up to $200M - which is rare in the sector.
Fee Structure
On the basic platform you pay a 0.5% spread plus a flat or percentage fee depending on trade size - small orders carry higher proportional costs. ActiveTrader fees follow a maker-taker model: 0.25-0.35% at entry level, down to 0-0.05% for large-volume traders. Deposits via ACH, wire, or crypto are free, while debit cards incur a 3.5% fee. Users get around 10 free crypto withdrawals monthly before asset-specific fees apply.
Platform Specifications
| Category | Details |
|---|---|
| Launch | 2014 (public trading 2015) |
| Regulation | New York trust charter |
| Maker Fee | 0.00-0.25% |
| Taker Fee | 0.05-0.35% |
| Fiat Support | USD (ACH, wire, debit card) |
| Security | Institutional custody, insured hot wallets |
| Status | Active |
Strengths and Weaknesses
Strengths
- US regulated and trust-charter backed
- Custody with $200M insurance on hot wallets
- Simple and advanced trading options
- Tiered fees reward high-volume traders
Weaknesses
- High basic interface fees for small trades
- Limited fiat deposit methods
- No margin or short selling
Final Outlook
Gemini stands out for its compliance-first approach and secure infrastructure. It offers a balanced mix of beginner-friendly tools and professional-grade trading features. While fees on the basic interface are high for smaller orders, its security and regulatory standing keep it competitive in the long term.