The bottom line:
Pros & Cons
More than 80 cryptocurrencies.
Available in all U.S. states.
Higher fees than some other crypto exchanges.
Unresolved legal issues regarding Gemini Earn.
Compare to Similar Brokers
0.5% - 3.49%
depending on payment method and platform
0% - 3.99%
varies by type of transaction; other fees may apply
$20 of BTC
for new users after trading $100 or more within 30 days
Get $200 in crypto
when you sign up. Terms Apply.
no promotion available at this time
on Coinbase's website
on Robinhood's website
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Where Gemini shines
Accessibility: Some cryptocurrency exchanges are available only in select states, but Gemini is available to residents in all 50 states.
Good for both beginner and advanced traders: Gemini has a simple interface for new crypto investors, while more experienced traders will appreciate its ActiveTrader platforms.
Where Gemini falls short
Debit card fees: Gemini charges 3.49% on debit card purchases, though you can avoid these fees by using an ACH bank transaction.
Gemini is best for:
Gemini at a glance
Trading and transaction fees
Up to 1.99% depending on trading platform; 3.49% for debit card purchases.
Number of cryptocurrencies
More than 80.
Crypto-to-crypto trading pairs
More than 20.
Important information easily found on the website.
Gemini says it carries $75 million in insurance for customer assets.
Staking and rewards
Gemini has options for earning rewards on 3 cryptocurrencies.
Highly rated apps for iOS and Android.
Email and chat support.
More details about Gemini's ratings
Minimum trade: 5 out of 5 stars
Gemini has low minimum trade amounts, which vary by the type of cryptocurrency you want to trade. For example, the minimum Bitcoin trade is 0.00001 BTC.
Trading and transaction fees: 4.5 out of 5 stars
Gemini’s fees are slightly higher than some other crypto brokerages and vary depending on the platform you’re using. Gemini doesn’t charge transaction fees for deposits from U.S. bank accounts or wire transfers (although your bank might). But If you’re using a debit card for purchases, the fee is 3.49%, and other fees may apply.
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%.
Total trade amount
$10 or less
More than $10 and up to $25
More than $25 and up to $50
More than $50 and up to $200
More than $200
1.49% of your web order value.
For more serious, high-volume crypto traders, Gemini has a different rate structure based on 30-day dollar-volume of trades on its ActiveTrader platform. Rates also are based on liquidity of the asset at the time of purchase; if immediately available, you're charged a “taker” fee, and if your order needs to wait for a buyer, you are charged a “maker” fee. The “auction” option allows the sale of blocks of cryptocurrency at a maximum buy price or minimum sell price.
Less than $10,000
Finally, Gemini in 2022 eliminated a feature that had previously given it an edge among competitors when it ended free withdrawals of cryptocurrency. Now, users must pay the cryptocurrency network fee associated with a withdrawal. Gemini says it doesn't keep this money, but it does add to the cost of trading there.
The average Bitcoin network fee in mid-September of 2023, for instance, was about $1.20.
Number of cryptocurrencies: 4 out of 5 stars
Gemini offers more than 80 cryptocurrencies.
Crypto-to-crypto trading pairs: 3 out of 5 stars
More than 20 crypto-to-crypto trading pairs are available through Gemini’s ActiveTrader platform.
Storage and security: 3 out of 5 stars
The exchange offers Gemini Wallet for users who don’t already have a cryptocurrency wallet. Digital assets are insured with a $75 million policy covering losses that result from a security breach or hack, a fraudulent transfer or employee theft.
Gemini says the bulk of customer assets are kept in “cold storage,” away from online threats that could breach security. That said, loss of assets due to unauthorized access to your personal account — such as theft of your private codes and logins — isn't covered by Gemini insurance.
Staking and rewards: 3 out of 5 stars
Gemini has an "earn" program that advertises rewards on some cryptocurrencies. But in November of 2022, the company said it had to delay withdrawals from that program amid the fallout from the collapse of rival exchange FTX. Nearly a year later, Gemini is still negotiating for the recovery of those assets. (Gemini said other investments held on its platform are safe.)
The company has since restarted a modest staking program, with three eligible assets earning somewhere between 3 and 4 percent.
Mobile app: 5 out of 5 stars
Gemini offers a free app for both iOS and Android. Both versions are highly rated by app store users and mimic many of the same functions and features as the desktop site.
Customer support options: 2 out of 5 stars
Gemini offers customer support via email and chat.
Other features you should know
Platform: Gemini has two platforms, both of which are free to join. The basic platform — a straightforward, simple interface to purchase cryptocurrency based on the total amount of crypto or the total amount of U.S. dollars you want to spend.
Gemini’s ActiveTrader platform has more bells and whistles, such as advanced charting, tracking multiple order types and block trading.
Is Gemini right for you?
Gemini offers a quick setup and convenient interface for new cryptocurrency investors, as well as strong tools for more serious traders. While some fees may be higher than some competitors on its mobile and web apps, Gemini’s security features, such as insurance for digital assets, are attractive — especially for those new to the crypto world.
How do we review cryptocurrency platforms?
NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.
We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 10 factors. The final output produces star ratings from poor (one star) to excellent (five stars).
For more details about the categories considered when rating brokers and our process, read our full methodology.