Buy, Sell & Trade Bitcoin & Other Crypto Currencies with Gemini's Platform | Gemini (2024)

FAQs

Has anyone lost money on Gemini Earn? ›

Earn customers were promised interest payments, but lost their money when Genesis defaulted on approximately $1 billion worth of loans in November 2022. Genesis declared bankruptcy two months later, leaving more than 200,000 Earn customers unable to access their digital currency.

Gemini is a fully regulated exchange. US clients are accepted. Very strict cyber-security protocols ensure the safety of traders' funds. Well capitalized and compliant with banking laws.

Gemini customers will receive about 97% of the repayment immediately and the remainder within 12 months. Genesis had previously estimated that its customers, including larger investors that were not part of the Earn program, would receive a 77% recovery in the bankruptcy.

Select a crypto from the Trade page. Select “Buy” and choose whether you would like to make a single buy (Once) or Recurring buy. Enter the order amount then click "Continue".

Your crypto withdrawals may be temporarily restricted for a few different reasons: Sign-In From a New Device. Pending Bank Transfer (ACH) Pending Debit Card Transfer (24 hour hold)

If you have USD in your account that is available for withdrawal (please be sure to check for any pending holds and if necessary sell your crypto for USD), you can initiate a Bank Transfer (ACH) withdrawal (domestic only) or initiate a wire transfer to your linked bank account in your name.

A crypto exchange that was accused of lying to hundreds of thousands of customers about the risks tied to a failed investment program agreed to return $50 million of digital assets to resolve a suit by New York Attorney General Letitia James.

Gemini is a relatively safe exchange with fiduciary status. It requires all users to implement two-factor authentication. The company prides itself on offering safe and secure crypto trading services.

Security has been a high priority since our inception and protecting your cryptoassets is a cornerstone of our business. Gemini's segregated, off-line storage solution is designed to provide the utmost security for cryptoasset holdings.

Gemini is a company offering products that allow you to buy, sell and store cryptocurrency. The Gemini Credit Card is issued by WebBank.

What crypto does Gemini accept? ›

Supported currencies

Gemini supports 100+ digital assets including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash, and more.

For mobile and web app users, Gemini charges a flat 0.5% above the current trading price (which Gemini calls its “convenience fee”). On top of that, it charges a transaction fee, similar to Coinbase, based on the amount traded: a tiered flat fee up to $200; orders above $200 are charged 1.49%. $0.99. $1.49.

On January 12, 2023, The SEC charged Genesis Global Capital LLC and Gemini Trust Company LLC with offering and selling unregistered securities to users through its Gemini Earn lending program. According to the complaint, investors were unable to withdraw crypto from their accounts due to an alleged lack of liquidity.

"Gemini marketed its Earn program as a way for investors to grow their money, but actually lied and locked investors out of their accounts," James said. "Today's settlement will make defrauded investors whole." The funds will be accessible within seven days, Gemini told investors on Friday.

Gemini announced Wednesday that its Gemini Earn users have received all their digital assets back in-kind. This means, for instance, that if a customer lent one bitcoin to the Earn program, they will receive one bitcoin back, the company said in a release.