Gemini is a Bitcoin and Ether exchange. It was founded in 2015 by the Winklevoss twins. This is where the Gemini exchange takes its name.
The Winklevoss twins became known for their Facebook lawsuit against Mark Zuckerberg in 2004. According to the twins’ discourse, Facebook was their own project. The twins won this case and received $65 million in return. Afterwards, the twins started to serve in the digital currency sector and implemented the Gemini project.
Gemini exchange is located in New York. It can be used in all states of the USA. It also operates in Canada, Hong Kong, Puerto Rico, Singapore, South Korea and the UK. In 2016, it became the world’s first Ether-licensed exchange.
Gemini exchange has 51 employees. Gemini exchange is in competition with exchanges such as KuCoin and Kraken. Because it allows the purchase of crypto with fiat currencies within the use of Gemini exchange and has a BTC / ETH market.
The main purpose of exchanges is to enable investors to trade their assets on a secure basis. The most important criterion in crypto currency exchanges is reliability. In this sense, Gemini exchange is one of the most reliable exchanges in the sector.
If we talk about the features of the Gemini exchange:
- It allows for fast trading.
- It has an infrastructure that secures assets and transactions.
- It provides services to its users for spot buying and selling transactions.
Gemini Advantages and Disadvantages
We mentioned that Gemini exchange is a reliable exchange. Each stock market has some advantages as well as certain disadvantages. We can list the advantages and disadvantages of Gemini exchange as follows:
Advantages
- There are additional security measures. A very small percentage of Bitcoin is stored online. It is stored offline in order to minimize potential losses that may occur due to cyber attacks.
- It is a suitable exchange for both corporate and individual customers.
- It offers professional and high-level service.
- It has a very good customer service service. There is a blog and FAQ section for issues that you can review. You can also send an e-mail for problems and complaints. The exchange usually responds within a few hours.
- Thanks to its simple and understandable interface design, it provides a significant benefit for beginners.
- There are low fees for asset trading. Cryptocurrency and bank transfers are also free.
Disadvantages
- Cryptocurrency is an exchange with limited variety.
- It requires too much personal information to register.
- The stock market closes at times of high volume. The reason is probably the interruptions in the busy servers.
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