Gemini is a large cryptocurrency exchange that can sit comfortably next to some of the other larger exchanges on the market. With the continued growth of the crypto exchange market, it can be difficult to know which one to trust and which one to ignore. Let's be honest, we don't have time to go from site to site reading about small details of all exchanges. And sometimes, the information presented on one portal is simply not enough. You also have to consider whether the information is credible.
Gemini holds the reputation as being one of the most secure exchanges in the sector and employs a number of methods to ensure a high level of security on par with more traditional financial institutions. User accounts are backed up with two-factor authentication, which means that an additional device must be utilized in order to access the account and provides an additional layer of security.
In addition to having their US Dollar Accounts insured by the FDIC, and funds held in a New York-chartered bank. Gemini also puts all its digital assets into cold storage, while online assets are hosted on Amazon Web Services. This also provides a crucial extra level of security as Amazon Web storage utilizes security features such as multi-factor authentication, tiered-access controls, as well as dedicated hardware security modules.
Gemini’s commitment to maintaining the highest levels of security available make it a popular choice with institutional investors and high net worth individuals, as well as everyday retail investors. Customers of all types can make their transactions with confidence, regardless of their quantity.
Gemini remains one of the newer exchanges in the sector but continues to grow at a steady rate. The exchange has chosen to focus on building a fundamentally safe, secure, and efficient platform that takes care of its customers core needs.
It started out as a US Bitcoin exchange, and is slowly moving to branch out from its roots. By offering Ethereum trading pairs the exchange has opened up its options but still has a lot of room to grow in terms of trading pairs offered. Also, despite being available in a number of different jurisdictions, the US Dollar remains the only fiat currency available for both deposits and withdrawals.
Gemini can also improve its customer support options as new entrants to the world of cryptocurrency trading may require more than just email communication. Phone support and a live chat function would go a long way to improving the overall experience and help users to connect with the platform.
Gemini is undoubtedly one of the most popular cryptocurrency exchanges operating in the US, but if we talk about the global level, its reach is nowhere near to the likes of Bittrex, Binance and Bitfinex. It is secure and safe, and they have offline reserves for storing the cryptocurrency, which makes them a completely reliable wallet, but is certainly room for improvement. They must focus on enhancing their customer support, followed by adding more cryptocurrencies to their system. But a big problem to resolve is the way the website reacts to increased traffic.
|Rank||Site||Margin trading||Fiat||Safety||API||Referral||Location||Languages||Buy with||User Vote||Score|
|1||A||San Francisco, USA||EN||bank transfer, card|
|3||A||No||Hong Kong||EN||EUR, USD|
|4||No||A||Europe||EN, CZ, SK||USD, EUR|
|5||A||No||San Francisco, California, United States||EN||USD, EUR, JPY, CAD|