Top 3 Reasons Why Gemini is A Popular Cryptocurrency Exchange
If you have interest in investing in cryptocurrencies, you should select the platform wisely as well.
Have you ever tried to invest in cryptocurrencies? Do you have an interest in investing your money in new technologies? What is your risk appetite? Do you like taking a big risk while investing your hard-earned money?
The investment rationale of people differs according to their ability to take risks or the objective they want to achieve from their investments. Even those people who have no interest in investing their money in cryptocurrencies are keen to know the latest developments in technology. They want to know more about the secrets of making money via Bitcoins and Altcoins.
They wonder whether the craze for cryptocurrencies is here to stay. In this article, we are looking at the various aspects of Gemini, one of the most popular cryptocurrency exchanges in the world. Let’s find out some of the interesting features of it.
Gemini: Popular cryptocurrency exchange
Two of the most popular cryptocurrency exchanges in the United States are Gemini and Coinbase. Both platforms are available in around 50 countries and have similar cryptocurrency offerings. The famous Winklevoss twins founded the cryptocurrency exchange Gemini in 2014. The twins invested a lot of money in Bitcoin after their $65 million settlement with Facebook founder Mark Zuckerberg.
One of the main reasons for the popularity of Gemini is their security measures and the support they are providing for their customers. If the customer has some doubt regarding some issues of transaction or any other problems, they can contact Gemini as it provides 24/7 phone and chat support for customers. This is a good feature considering the troubles faced by customers when they are dealing with new technology like cryptocurrency.
Many Gemini customers are of the view that it is very easy to use the Gemini interface. It is not complicated at all for a new user. A customer can easily buy, sell or exchange cryptocurrency via Gemini. If you want to create an account you can do it freely using your email address and a password. After verifying your email address, you can secure your account with two-factor authentication.
Then you can connect your bank account or debit card. Once you have completed all these processes, you can start buying cryptocurrency from Gemini. It’s that easy, isn’t it? You have to give proof of identity and proof of address while opening an account because Gemini adheres to the United States KYC and anti-money laundering regulations.
Good security features
Gemini is renowned and popular for its security features. Its Hot Wallet insurance provides insurance to customers for their digital assets in the wallet. Gemini promises to reimburse customers if there is a security breach, hack, fraudulent transfer or theft. So, basically, you don’t have to worry too much about your investments in Gemini. Your digital assets are safe with Gemini.
It also provides approved address whitelisting, and with this facility, you can restrict access to addresses that can withdraw your cryptocurrency. Besides Gemini has a two-factor authentication by offering 2FA via SMS or the Authy app. It’s device management is another feature, enabling the users to review all the devices that accessed your account. You can restrict if you felt that a device is misusing your account. You have the option to end current sessions from any device logged into your account.
Gemini Earn program allows you to earn interest on your cryptocurrencies. Annual percentage yields (APYs) offer 8.05%. It is a unique feature in cryptocurrencies. Other exchanges offer you interest or other rewards only if you lock your cryptocurrency with them. Gemini is very popular among investors, and considering the security features of the platform, it’s not a surprise as well.
So if you are looking for currency platform, Gemini can serve as an ideal option. It is a transparent company that undergoes audits as required by the New York State Department of Financial Services (NYDFS). Institutional investors select Gemini because of its safety features and strict compliance with U.S. regulations.
If you are a beginner in cryptocurrency platforms, you can select Gemini because of its clean and user-friendly design and mobile app. With the wallet feature, Gemini scores better than its immediate rivals, providing a good safety feature for the comfort of its customers.