![]() Trading platformĪctive traders won’t be disappointed by the trading experience offered by Gemini. Unfortunately, Gemini eliminated its free withdrawal policy in 2022, deciding to charge customers either a flat fee that varies by cryptocurrency or a dynamic fee if you’re withdrawing ETH or ERC-20 tokens. The Gemini Earn program was terminated in early 2023. In November 2022, Genesis stopped offering withdrawals to Gemini Earn customers due to a lack of liquidity following volatility in the crypto market, according to the complaint. The Securities and Exchange Commission sued Gemini and Genesis in early 2023, alleging the agreement was an unlawful securities offering that violated investor-protection laws. Traders should be aware that Gemini has come under fire for its Gemini Earn program, which allowed customers to loan their crypto assets to crypto-lender Genesis Global in return for interest payments. ![]() More cost-conscious traders might be better served by other exchanges such as Binance.US or Kraken. Plus, you’ll be charged a fee if you participate in Gemini’s staking offering. If you’re only looking to trade the most popular coins or are interested in other assets such as stocks or ETFs, you might consider financial apps Robinhood or Webull.įor traders who are trading big bucks, Gemini is competitive on trading fees, but for the typical small investor its fees are high. ![]() More than 90 different coins are available for trading, so you shouldn’t have trouble finding what you’re looking for and you won’t pay deposit fees on wire transfers. Given the high-risk nature of crypto trading, educating new traders is particularly important. Its ActiveTrader trading platform will be valued by professionals, while beginners will be able to learn from educational resources such as its Cryptopedia site. Gemini has something to offer for both big-money cryptocurrency traders as well as those who are new to the space.
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