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Crypto

We’ve gone through many cryptocurrency exchanges, but we shouldn’t skip Gemini. 

Gemini is a custodial, regulated cryptocurrency exchange and wallet. One of its advantages compared to other crypto exchanges is it’s user-friendly. The company also released its own stablecoin, also called Gemini.

Gemini

1. Download the Gemini App

Download the Gemini App from Google Play or AppStore for IOS

Download gemini app

2. Register an account is few easy steps

On the app’s homepage, Tap on the small “person” icon at the top right corner. 

Tap Sign-in then you will be redirected to the login page. Here, tap “Create a Gemini account”

Register to gemini

Remember these 3 easy steps:

  1. Create your account – using your email address and password
  2. Secure your account using your mobile phone number
  3. Verify your identity – upload your ID and your personal details

The app will ask for your country of residence, full legal name, and email address.

When setting up your password, be sure to follow the requirements below:

  1. Minimum of 8 characters
  2. Alphanumeric, Upper and a Lower case
Set up a password

3. Link your mobile number for security

Bind your number to add an extra layer of security. A pin will be sent to your registered number every time you log in.

Link mobile number

4. Have your account verified

Account verification is a must before trading and transferring funds to Gemini. You should provide the following data to complete this.

  • Home address
  • Birth date
  • Upload your government-issued ID (Passport, Drivers license, or National ID)
  • Take a selfie

Head back to the app in a few minutes and check your verification status. The app will notify you once you pass the process.

Verify your account

5. Fund your account

After completing the verification processes, You can fund your account seamlessly by depositing fiat or transferring the crypto asset you already have. You can choose numerous ways, but the easiest way is to Link your Bank Account. Follow the video below for specific instructions.

5. Buy your crypto

Go back to the main page and tap the “user” icon on the top right corner. Then, tap the “View market” button when the Get started reminder pops up.

Buy crypto 1

Tap “Ether,” also called Ethereum, to continue with your purchase. The page you are currently seeing shows the current trend in different timeframes. You can choose from 1 hour (1H), 1 day (1D), 1 week (1WK), 1 month (1M), and 1 year (1Y).

Tap “Trade” and “Buy ETH”.  The minimum amount should be at least 5 USD or equivalent to 0.00316085 ETH at this time.

Buy Crypto 2

7. Buy order is complete

On the next page, you will see an order preview containing all the conversion and processing fees.

Swipe to the right to confirm the purchase. A confirmation is shown once you bought ETH successfully.

Buy Crypto 3

8. Check your assets

Easily keep track of your newly purchased digital assets by checking out your personal portfolio.

Check Portfolio

Now that you purchased your cryptocurrency and might still have a few questions that need clarification. Check out the Frequently Asked Questions below.

Frequently Asked Questions

1. Does Gemini support Ethereum?

Gemini will support the Ethereum PoS chain. The company anticipates that it will support both ETH and ERC-20 assets after the Merge.

2. Is Gemini a crypto wallet?

They offer Gemini Wallet. It is a digital cryptocurrency wallet that is security-centric. It gives users the opportunity to access 80 cryptocurrencies in various blockchain networks.

3. How much does Gemini charge per transaction?

Gemini charges a fixed 0.5% convenience fee on top of the trading price for mobile app and desktop users. They also charge a transaction fee based on the trading amount. 

A flat fee that is tiered up to 200USD. If the amount goes beyond 200USD, they charge 1.49%.

4. How much can you withdraw from Gemini?

Gemini charges a fixed 0.5% convenience fee on top of the trading price for mobile app and desktop users. They also charge a transaction fee based on the trading amount. 

A flat fee that is tiered up to 200USD. If the amount goes beyond 200USD, they charge 1.49%.

5. How long does it take to buy ETH on Gemini?

The tokens (ETHER or ERC-20) will be available to your account after completing all 64 network confirmations, which takes almost 12 minutes on average. To check the status of your transaction, you can visit https://etherscan.io.

6. Does Gemini pay ETH gas fees?

Gas or network fees may vary from time to time, and these are paid in ETH. The fees do not go to Gemini.

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