is a bitcoin exchange launched by the Winklevoss twins, Cameron and Tyler in the year of 2015. Buying, selling and storing cryptocurrencies has never been easier, thus Gemini is a saviour. It is a trusted digital currency exchange that allows users to purchase, sell and store digital assets, whereby its marketplace offers to trade between BTC/USD, ETC/USD and ETF/USD. Purchases using credit/debit cards, cash and cheques (checks) are not available at the moment, however, you can link your bank account for wire transfer or bank transfer, not forgetting that you also can transfer bitcoin and ether tokens from your crypto wallet to the Gemini account (vice-versa) for trading requirements. The Gemini Exchange platform is available in almost all US states, including Canada, Hong Kong, Puerto Rico, Singapore, South Korea and the UK. Without any fear, whether you are a pro trader or just getting started, Gemini has the features to harness the forthcoming of money.
Begin with creating your Gemini account, just click the “Get Started” button on the top-right corner of the landing page.
What makes Gemini is second to none is it provides two opportunities for its users to create an account, for both personal and institutional use. For personal use, you are required to enter such fundamental information including your state of residence, full name and email address where you will be sent a confirmation link.
At present, Gemini offers Two-Factor Authentication (2FA) via Authy, SMS and WebAuthn for logins.
Once your account is activated, a prompt will then appear asking for your mobile phone number to be used as part of the security measure, which makes receiving login verification codes easy.
Similar to other exchanges, Gemini also requires identity verification before anyone could start the trading. In order to get verified, the user needs to enter his/her Social Security Number and date of birth in the required fields as shown below.
Next, you are required to provide such information as the address of residence and a photo of your ID card (or a valid driver’s license). Once all the required information has been submitted and evaluated, you will receive an email noting that the verification process is complete.
Since your account has been created and verified, let’s move to the trading step.
- To deposit funds: you can load your funds by clicking on the “Deposit into Exchange” tab located in the drop-down menu of “Transfer Funds” tab then select which method is easier for you; through bank/wire transfer or direct deposit one of the supported cryptocurrencies, whichever is best for you.
- To send funds: you can scan the QR code or paste the withdrawal address into the destination address on the external wallet and the transfer process will be done instantly once it has been confirmed on the blockchain.
Similar to the methods of depositing funds, Gemini exchange allows withdrawal process via:
1) Bank Transfer
2) Wire Transfer
3) Digital Wallets
To complete one of these withdrawal types, just head over to the “Transfer Funds” tab and select your ideal withdrawal method.
If you want to withdraw through bank or wire transfer, just enter the bank or wire destination and the amount of currency you would like to take out.
Meanwhile, if a cryptocurrency withdrawal is selected, simply enter the Wallet Address and the amount of whichever cryptocurrency to be withdrawn. The final step is to click “Complete Withdrawal”. You have now successfully withdrawn your cryptocurrency through Gemini!
On the bright side, Gemini has also launched the Gemini Mobile App which adds another layer of convenience and currently offers Bitcoin, Ether, Bitcoin Cash, Zcash and Litecoin. This mobile app allows you to engage with cryptocurrency wherever you are and whenever you want while remaining incredibly easy to use.
“The future of money is both digital and mobile”