Gemini Exchange 2023 Review: Is It Right for You? | The Motley Fool

Top perks

Advanced trading platform

Gemini’s default trading platform is easy to use and provides more than enough for most investors to buy and sell cryptocurrency. The exchange also offers Gemini ActiveTrader, a high-performance crypto trading platform designed for experienced investors.

Gemini ActiveTrader includes the ability to place multiple order types, such as market or limit orders, advanced charting tools, deep order book visibility, and more. It also has lower trading fees, so even if you’re not interested in the features, we still recommend using it to place trades.

Looking for a place to buy crypto? Check out The Ascent’s Best Crypto Apps and Exchanges

Gemini Earn

Gemini Earn is one of the biggest advantages the Gemini exchange has over most of its competitors. This lending program allows you to earn interest on your idle cryptocurrency balances.

There are dozens of different cryptocurrencies you can lend through Gemini Earn, including stablecoins designed to maintain a consistent value. The program also pays competitive interest rates.

LEARN MORE: What Is Crypto Lending?

Gemini Pay

Gemini offers the Gemini Pay feature through its mobile app. This allows users to pay for goods and services with their cryptocurrencies at more than 30,000 retail locations in the U.S. with QR code technology. Users can choose which cryptocurrency to use — for example, you can choose to spend Ethereum (ETH) to buy dinner, but leave your Bitcoin balance intact.

Educational resources

The Gemini Cryptopedia may be the most impressive collection of cryptocurrency educational content any exchange has to offer. It has hundreds of well-written articles on everything from the history of Bitcoin to how non-fungible tokens (NFTs) work.

Mobile app

If you want to buy and sell digital currency from your smartphone or tablet, Gemini has an excellent mobile app. It’s available on the Apple App Store and Google Play, and it has high ratings on both.

Gemini Credit Card

The Gemini Credit Card™ lets you earn crypto rewards on your purchases. It doesn’t charge an annual fee or a foreign transaction fee, and it earns up to 3% back in the cryptocurrency of your choice. You can also switch to a different cryptocurrency at any time.

It’s worth mentioning that like other crypto credit cards, the Gemini Credit Card™ doesn’t quite have enough benefits to compete with traditional rewards cards. But if you’re really interested in crypto rewards, this credit card is one of the better options.

RELATED: Check out The Ascent’s picks for the Best Credit Cards.

Available in all U.S. states

Several cryptocurrency exchanges aren’t able to offer their services in every U.S. state, especially those that pay interest on crypto deposits. Gemini’s commitment to compliance means it can operate throughout the country.