The good thing about Gemini is they continue to add coins each month and carry decent liquidity on all coins on their exchange. Gemini supports 116 cryptocurrencies, including BTC, ETH, SOL, DOGE, MATIC, LINK, and DOT. Supported Cryptocurrencies and Trading Pairs Traditional currencies can be deposited to the Gemini exchange using payment methods such as debit/credit cards, PayPal, and transfers from a bank account. Gemini allows users on the platform to buy & sell digital assets by supporting seven fiat currencies such as USD, GBP, EUR, CAD, SGD, HKD, and AUD. Supported Fiat Currencies & Deposit Methods Furthermore, verification can take quite a while based on our experience (should be less than 24 hours). However, the photo must be taken live, meaning that a camera-enabled device is required to complete verification. ![]() ![]() This process is handled by Onfido, with the user needing to take a picture of a photo ID (passport, driving license). In addition, before trading, users are required to verify their accounts. Additionally, the user must enter their address and source of funds. A customer's full name, email address, and password are required for the initial sign-up. Users must go through the registration process to create an account with Gemini. ![]() To learn more, read our guide on GUSD, which explains how it works and its uses within and outside of the Gemini ecosystem. In addition, there are no fees to purchase GUSD on the Gemini platform. The price of GUSD is pegged to the US Dollar and is one of the only insured stablecoins on the market.Īs an ERC-20 token, GUSD can be used on Ethereum-based DeFi applications and held in any ERC-20 compatible wallet. This coin can be used for trading on the Gemini exchange and is also available on other platforms. Gemini offers a stablecoin known as Gemini Dollar (GUSD). Partnered with top companies Samsung, Tradingview, Brave, and Nifty Gateway, Gemini is an exchange and custodian that provides a simple, elegant, and easy way for individuals and institutions to buy, trade, store, and sell digital assets. Gemini is a private New York trust company founded in 2014 by Cameron and Tyler Winklevoss, commonly known as the "Winklevoss twins." The company provides a legitimate cryptocurrency exchange licensed and regulated by the New York State Department of Financial Services (NYSDFS). The attorneys at Nigh Goldenberg Raso & Vaughn are no longer accepting new Gemini Earn clients.Gemini Credit Card, Gemini Wallet, Gemini Custody, Gemini Dollar (GUSD)īTC, ETH, SOL, DOGE, MATIC, LINK, & 110 others The SEC alleged that billions of dollars worth of crypto assets from hundreds of thousands of investors were raised. Securities and Exchange Commission (SEC) charged Genesis Global Capital, LLC for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program. It was estimated that the suspension of crypto assets from Gemini Earn impacted approximately 350,000 Gemini Earn investors that held nearly $1 billion in assets. The lack of liquid assets were blamed on the volatility in the crypto market. In November 2022, it was announced that Gemini Earn investors were being suspended from withdrawing their crypto assets because of a lack of sufficient liquid assets to meet withdrawal requests. By doing so, Gemini earned a fee as high as 4.29% on returns paid to Gemini Earn investors. In February 2021, Gemini began offering the Gemini Earn program to retail investors, where Gemini would transfer investor’s crypto assets to another company. In December 2020, Digital Currency Group, a subsidiary of Genesis, entered into an agreement to offer Gemini customers, including retail investors in the United States, an opportunity to loan their crypto assets in exchange for a promise to pay interest. Our Attorneys are no longer accepting new Gemini Earn clients. The SEC charged Gemini for the unregistered offer and sale of crypto asset securities through the Gemini Earn lending program. ![]() The Gemini Earn lawsuit is to help investors recover money related to assets that are unable to be removed from Gemini Earn.
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