Gemini is an FDIC-approved cryptocurrency for USD transactions. The cryptocurrency exchange is regulated by the New York State Department of Financial Services (NYSDFS). The exchange allows users to trade over 100 cryptocurrencies. It also acts as custody for institutions and large crypto groups.
The exchange’s Gemini Earn allows users to save their crypto and earn interest of up to 7% on the savings. It has its own Gemini Dollar stable coin pegged to USD reserves on a 1:1 ratio.
Features:
- iOS, Android, and web app.
- Gemini Pay allows users to spend cryptos from their wallets across different stores in the United States. This is also possible via Flexa.
- Ability to fund account or wallet via bank account, and with crypto, but not with debit or credit card. An upcoming Visa card will allow the spending of crypto in other outlets and ATMs as well.
- Maximum funding limits are $500 daily and $15,000 monthly.
- The withdrawal limit is $100,000.
- Nifty Marketplace offers digital art and collectibles for trading.
Fees: The transaction fee varies from $0.99 to 1.49%; however, the cryptocurrency app is free to use.