Withdrawal fees are variable based on the coin the user withdraws. But any deposit from a debit card incurs a 3.49% fee. Charged for certain types of deposits or withdrawals from the exchange.

Gemini charges several types of fees, depending on the services that you use. While Gemini might offer a user-friendly interface, the convoluted fees are definitely a downside. If you use a debit card, tack on another 3.49% on to your trade. You could end up paying fees of as much as 1.49% if you conduct your trade as a “web order,” which is the most likely method for a trade. Gemini’s fee structure may be too big a downside for those who are just getting started in crypto. Gemini only lets you stake Ethereum (ETH) and Cardano (ADA).

But if you’re looking for a laundry list of cryptos to stake, you might need to look elsewhere other than this Winklevoss-founded platform. The New York-based exchange advertises that users can earn up to 8.05% APY with the program.įor those who would prefer to do just regular staking to earn a yield on their crypto holdings, there’s Gemini Staking. Like staking, Gemini Earn users receive an annual percentage yield (APY) for participating with their crypto holdings. While it’s not a staking program per se, Gemini Earn is a lending platform that lets users lend out their crypto holdings in exchange for interest payments. Users can earn rewards on over 40 cryptocurrencies with Gemini Earn. Gemini also offers a host of yield-earning products with Gemini Earn and Gemini Staking. Its easy-to-use app and Cryptopedia educational resources make it a snap for just about anyone to learn about cryptocurrency, though its fee structure for trades made outside of its advanced trading platform gets pricey quickly. Gemini stands out as a top platform for people who are looking to get started with crypto.

The exchange’s strong security offerings, trading platform, yield-earning product known as Gemini Earn and Gemini Staking are a good match for crypto trading veterans who are looking to delve deeper. Gemini offers a beginner-friendly platform and robust educational resources, making it a good choice for new crypto investors who are learning the ropes.

Gemini earn