Gemini

A Casino Player’s Guide to Gemini

New York-based Gemini is a crypto exchange founded by the Winklevoss twins. It was the world’s first licensed ether exchange, and has grown to become one of the most popular exchanges. We’ll tell you everything you need to know about opening an account, depositing, buying, transferring and more.

About Gemini Crypto Exchange

Gemini Trust Company, LLC, is a crypto currency exchange and custodian based in New York, USA. It was founded by Cameron Winklevoss and Tyler Winklevoss – the billionaire twin brothers who shot to fame after suing Facebook founder Mark Zuckerberg for stealing their social media idea. 

Founded in 2014, Gemini went live in 2015 and in 2016 became the world’s first licensed ether (ETH) exchange. By 2022, Gemini had grown to become one of the world’s most popular crypto exchanges, employing over 1,000 employees, and supporting around 100 crypto assets. 

In this CryptoSpinners review, we’ll explain everything crypto casino players need to know about opening an account, depositing, buying, transferring, and withdrawing at Gemini.


Countries and Regions Served

As of July 2022, gemini.com offered crypto buying and / or exchange services to residents in the following countries and territories:

AFRICAASIAEUROPE
EgyptBhutanAustria
NigeriaHong KongBelgium
South AfricaIndiaBulgaria
NORTH AMERICAIsraelCroatia
BahamasMyanmarCyprus
BermudaPhilippinesCzech Republic
British Virgin IslandsSingaporeDenmark
CanadaSouth KoreaFinland
Cayman IslandsTaiwanGibraltar
El SalvadorVietnamGreece
PanamaOCEANIAGuernsey
St LuciaAustraliaHungary
St Vincent & the GrenadinesNew ZealandIceland
United StatesItaly
SOUTH AMERICAJersey
ArgentinaLatvia
BrazilLiechtenstein
ChileLithuania
ColombiaLuxembourg
PeruNetherlands
UruguayNorway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
United Kingdom

Is Gemini Secure?

Gemini has an excellent track record when it comes to security. It is regulated by the New York State Department of Financial Services (NYSDFS), so it is subject to rigorous oversight and held to the highest standards.  
As with other major cryptocurrency exchanges, Gemini accounts use two-factor authentication (2FA), such as Authy, Duo, or Google Authenticator (it also still offers 2FA codes by phone if you prefer).


Creating an Account with Gemini

Creating an account with gemini.com is straightforward and similar to other major crypto exchanges. Just follow the steps below:

  1. Go to gemini.com and select Get started.
  2. Enter your name, email, select a strong password, and check your country / state location is correct. Agree to the user agreement and privacy policy and click Next
  3. Now add your mobile phone number. Gemini will send you a security code, enter it and continue. 
  4. You will now see your account screen. Next, click Add funding source
  5. Add your bank account and / or debit card details as directed. US, Canadian, UK and EEA bank accounts can be automatically added via Plaid
  6. Make sure you confirm the security email sent to the address you provided. 
  7. In Coinbase, under Complete your account, select Enter address and ID to raise limits and allow withdrawals
  8. You will be asked to verify your identity with a passport or driver’s licence. Follow the directions to upload a photo of your ID, and submit. 

Once verification is complete, your Gemini account will be fully functional. Verification of documentation is normally completed within minutes, but there can be delays if it needs to be manually verified.

Security and biometric verification

How to Deposit at Gemini

Before purchasing crypto at Gemini, you will need to add funds to your account. To do this, select Transfer and your funding source (your bank account or card). Specify how much you would like to deposit, and complete any security verification steps.

Supported Fiat Currencies

  • Euro (EUR)
  • Pound Sterling (GBP)
  • US Dollars (USD)
  • Australian Dollars (AUD)
  • Canadian Dollars (CAD)
  • Singapore Dollars (SGD)
  • Hong Kong Dollars (HKD)

How to Buy Crypto at Gemini

To buy crypto at Gemini, go to the Market page, where you’ll see a list of available cryptocurrencies and their current prices. Select a crypto and you’ll see a new page with detailed information and trade options. 

Under Make a trade, choose Buy. You can make a one-off trade, or set it to repeat daily, weekly, bi-monthly or monthly. Next, set how much fiat currency’s worth of crypto you want to buy. Review the order and the fees, then select your payment method (either your account balance, or a card). 

The order will complete immediately and your new crypto will show in your account wallet.


Cryptos Available at Gemini

Gemini supports many native assets, ERC-20 stablecoins, SPL tokens, and ERC-20 tokens, including:

Bitcoin (BTC)Ethereum (ETH)Filecoin (FTL)Zcash (ZEC)Bitcoin Cash (BCH)
Litecoin (LTC)Dogecoin (DOGE)Tezos (XTZ)Solana (SOL)Polkadot (DOT)
Gemini Dollar (GUSD)USD Coin (USDC)DAI (DAI)TerraUSD (UST)Magic Internet Money (MIM)
Liquity USD (LUSD)Bonfida (FIDA)Orca (ORCA)Raydium (RAY)Saber (SBR)
STEPN (GMT)Zebec Protocol (ZBC)0x (ZRX)1Inch (1INCH)Aave (AAVE)
Alchemix (ALCX)Alethea Artificial Liquid Intel. Token (ALI)Amp (AMP)Ankr Network (ANKR)ApeCoin (APE)
API3 (API3)Audius (AUDIO)Axie Infinity (AXS)Balancer (BAL)Bancor Network Token (BNT)
BarnBridge (BOND)Basic Attention Token (BAT)Burn (ASH)Chainlink (LINK)Chiliz (CHZ)
Civic (CVC)Compound (COMP)Cryptex (CTX)Curve (CRV)Defi Pulse Index (DPI)
Decentraland (MANA)Dogelon Mars (ELON)Enjin Coin (ENJ)Ethereum Name Service (ENS)Ethernity Chain (ERN)
Frax (FRAX)Fantom (FTM)Fetch AI (FET)Gala (GALA)Geojam (JAM)
Goldfinch (GFI)Index Cooperative (INDEX)Injective Protocol (INJ)Keep3rV1 (KP3R)Kyber Network (KNC)
Lido DAO (LDO)Liquity (LQTY)Livepeer (LPT)Loopring (LRC)Maker (MKR)
Maple (MPL)Mask Network (MASK)Merit Circle (METIS)Mirror Protocol (MIR)Moss Carbon Credit (MCO2)
Numeraire (NMR)Orchid (OXT)PAX Gold (PAXG)Polygon (MATIC)Qredo (QRDO)
Quant (QNT)Radicle (RAD)Rally (RLY)Ren (REN)Render Token (RNDR)
REVV (REVV)Ribbon Finance (RBN)Shiba Inu (SHIB)Skale (SKL)Smooth Love Potion (SLP)
Somnium Space (CUBE)Spell Token (SPELL)Storj (STORJ)SuperRare (RARE)SushiSwap (SUSHI)
Synthetic (SNX)Terra (LUNC)The Graph (GRT)The Sandbox (SAND)Tokemak (TOKE)
TrueFi (TRU)UMA (UMA)Uniswap (UNI)Wrapped Centrifuge (wCFG)Yearn.Finance (YFI)
Coins representing bitcoin, litecoin and filecoin.

How to Transfer Crypto from Gemini to an Online Casino

Okay, so you’ve purchased your first crypto on Gemini, and you want to deposit it to an online casino? No problem! In this example, we’ll imagine we’re transferring bitcoin (BTC). 

  1. Log-in to your online casino account and select deposit bitcoin (BTC). Find the unique crypto wallet address. Copy it to your clipboard. 
  2. Log-in to your Gemini account and go to the Withdrawal page. 
  3. Select bitcoin from the dropdown.
  4. Set the destination address (paste your casino wallet address). 
  5. Set how much bitcoin you would like to transfer.
  6. Carefully review the transfer details, and then select Request Withdrawal
  7. Complete any security verification steps, like 2FA. 

Your bitcoin should be in your crypto casino wallet in around 30 mins or less. Please be aware that transactions can be delayed if the network is congested or if the transaction is subject to enhanced security checks. 


How to Transfer Crypto to Gemini and Withdraw it as Cash

So, you’ve had some luck at the casino, and now you want to send some crypto back to Gemini, convert it to fiat cash, and withdraw it to your bank or card? Just follow these steps:

  1. Log-in to your Gemini account and copy your unique crypto wallet address
  2. Log-in to your crypto casino account and go to the withdrawals section.
  3. Paste your Gemini wallet address as the destination, and select how much crypto you want to transfer. Carefully review the details and submit the request.


Your crypto funds should be in your Gemini wallet shortly (remember, the time taken will depend on the crypto network used, and how busy it is). Now you need to convert the crypto to fiat currency:

  1. In Gemini, go to the Market page. Under Make a trade, choose Sell. Choose how much crypto you would like to sell and for what fiat currency.
  2. Review the order and the fees, and submit it. The order will complete immediately, and the fiat will show in your account balance. 
  3. Finally, go to Withdraw, and select where you would like to transfer the money too (your bank account or card). 
  4. Complete any required security verification processes.  

Note that withdrawals to bank accounts can take several business days to complete.

Man holding euros and US dollars

Gemini Transaction Fees

Gemini charges a transaction fee and a convenience fee on each order placed via its website or mobile applications. The convenience fee is typically 0.50% of the current price of the specific crypto. Before each transaction, you will be provided with a quote of the total fees.

Web order amount (USD)Transaction fee
≤ $10.00$0.99
﹥$10.00 but ≤ $25.00$1.49
﹥$25.00 but ≤ $50.00$1.99
﹥$50.00 but ≤ $200.00$2.00
﹥$200.001.49% of order value
Mobile order amount (USD)Transaction fee
≤ $10.00$0.99
﹥$10.00 but ≤ $25.00$1.49
﹥$25.00 but ≤ $50.00$1.99
﹥$50.00 but ≤ $200.00$2.99
﹥$200.001.49% of order value

Cash deposit and withdrawal fees:

  • Wire transfer – Free (but bank my charge)
  • Debit card – 3.49% of total amount

When transferring crypto to an external wallet (e.g. your casino wallet), users pay either a dynamic or flat fee. ETH and ERC-20 tokens (except Gemini dollar GUSD) are based on Ethereum gas fees, which vary significantly depending on network congestion. 

Non-Ethereum crypto withdrawals are charged flat fees as follows:

AssetFee per withdrawal
Bitcoin0.0001 BTC
Bitcoin Cash0.001 BCH
Bonfida0.5 FIDA
Dogecoin4 DOGE
Filecoin0.001 FIL
Gemini DollarFree
Litecoin0.001 LTC
Orca0.3 ORCA
Polkadot0.05 DOT
Raydium0.1 RAY
Saber1 SBR
Solana0.005 SOL
Stepn0.7 GMT
Tezos0.4 XTZ
ZCash0.001 ZEC
Zebec1 ZBC

Gemini Customer Support

Gemini has a Help Centre and Help Desk. Go to the Help Centre for a range of handy guides and reference resources, or the Help Desk to get in touch with customer support via a simple form. This allows you to explain your issue in detail and add files. Alternatively, a Gemini live chat help bot is accessible from the floating blue button on every page.


Conclusion

As far as cryptocurrency exchanges go, Gemini is something of an acquired taste. On the one hand, it is one of the most popular, and has a good reputation in terms of trust and security. The onboarding process was also one of the smoothest we’ve experienced, which always helps get things off to a good start. 

On the other hand, the fee structure is overly complicated and transactions can be relatively expensive. The choice of cryptos and geographical availability isn’t as impressive as competitors like Binance either. 

Happy bearded man, wearing glasses, puts thumbs up in approval.

All things considered, Gemini makes a decent choice for crypto casino players looking for a hassle-free and secure way of acquiring major cryptocurrencies. Can it match the likes of Binance, Kraken, and Coinbase? There’s only one way to find out, give it a try!

Frequently asked questions

Yes. Gemini offers full crypto exchange and trading services to UK-based customers.
Yes. Gemini is widely regarded as one of the safest crypto exchanges. It is subject to very strict regulatory oversight because it is based in the United States. 
Gemini is owned by Gemini Trust Company, LLC, which was founded by Cameron and Tyler Winklevoss. The billionaire twins are famous for suing Facebook founder Mark Zuckerberg. Interestingly, the brothers are also accomplished rowers, having competed in the Pan American Games, Olympic Games and World Cup.