Gemini

Gemini is one of the largest digital currency exchanges operating on six continents. Gemini quickly became one of the largest exchange offices in the world. The exchange used FDIC insurance for users' USD deposits, has a user-friendly design, has never been hacked for a large amount of money, and has more than 20 digital currencies. These are some of the positive points of Gemini. There is one other thing to notice, and that is the high wage of Gemini Exchange fee to other unauthorized exchanges. But many users prefer their security and comfort and pay this amount.

Pros and Cons of Gemini Exchange

Positive points

• Very secure exchange

• Available in more than 50 countries

• Support for Fiat digital currency

Cons

• Limited choice of digital currencies

• Low-level privacy

• Fee cost structure

• No margin trading

History of Gemini Exchange

Gemini Exchange was established in 2014 by the twin brothers of American entrepreneurs Tyler and Cameron Winklevoss with the mentality of building a bridge from the old financial world to the future of money. Before founding Gemini, the Winklevoss brothers worked with Facebook co-founder Markuszkerberg on the ConnectU social platform project, which preceded Facebook. But the brothers claim that Mark Zuckerberg copied their source for his project. All the events related to the brothers and Mark Zuckerberg are recorded in a drama film called Social Network.

The Winklevoss brothers bought bitcoins in 2012 from the compensation they received in a lawsuit against Facebook, and now their bitcoin capital is $ 1 million. They concluded that the digital currency market needs a secure platform to buy, sell or maintain. For this reason, they decided to build and establish the Gemini exchange office.

Countries where Gemini serves

Because that the Gemini Exchange has been established in the United States of America, as a result, it operates in all the United States. Apart from the United States, Gemini is active in more than 50 other countries, which we will mention below.

• North America; Canada, Cayman Islands, British Virgin Islands.

• South America; Argentina, Brazil, Chile, Peru.

• Europe; Australia, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Guernsey, Hungary, Iceland, Ireland, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Poland

• Romania, Slovakia, Spain, Sweden, Switzerland, and the United Kingdom.

• Asia: Hong Kong, India, Israel, Myanmar, Philippines, Singapore, South Korea, Taiwan, Turkey, Vietnam.

• Oceania: Australia and New Zealand.

• Africa: Egypt, Nigeria, and South Africa.

When users register to have an account on Gemini, the information they ask for is as follows:

• Full legal name

• Date of birth

• Address

• phone number

• Social Security number

• and email

Additional documentation is required for full verification and withdrawal from the exchange.

These documents include the following:

• United States resident: valid passport or driver's license.

• International Residence: Depending on your country of residence, you will need at least two government-issued documents: a valid passport, driver's license / national identity card.

• Residents of Canada: valid passport, driver's license, and social security number.

Gemini authentication requires a fairly extensive set of documentation, but you can expect to verify your account within 1 to 3 business days.

In case of additional requests, the confirmation time may last from 2 to 5 working days.

To maintain the security of their account in Gemini Exchange, users can do the following:

• Two-factor authentication (2FA) for logging in and withdrawing from an account.

• Hardware security keys via WebAuthn to secure your account with an additional 2FA security layer.

• Approved addresses for cryptographic impressions

• High-difficulty encryption to ensure your password and personal information during transfer and at rest.