Bitcoin Gemini Review 2021 – Is It Legit or Scam?

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If you’ve been looking for the easiest and most effective way to get the highest profits possible on your crypto trades, it might be worth checking out Bitcoin Gemini. While this is just one of many great cryptocurrency exchanges currently on the market, there are quite a few reasons why this platform in particular is popular among both experienced and new traders alike.  

Anyone who’s looking for the perfect trading app should take the time to consider everything that Bitcoin Gemini can do – so let’s get started on this quick review of the platform. 

Bitcoin Gemini UK Review – Is it a Scam or Safe App 

Nobody likes a product that’s not quite what it claims to be and the same goes for trading platforms – especially if they’re not as safe or secure as you imagined. The good news is that Bitcoin Gemini is a trusted app in the UK and other parts of the world, so if you’re concerned about reliability, you won’t have to worry when using it.

Established all the way back in 2014 by the Winklevoss twins, Gemini has stayed strong for quite some time now and is still relevant among traders today. With awards like the “#1 Cryptocurrency Exchange” in the Crypto Compare Exchange Report last year to keep in mind too, it’s clear that it’s here to stay for many more years. 

There are several things that make Bitcoin Gemini a worthwhile candidate for one of the best options on the market, with some of the key benefits being:

  • Protection against hackers, thanks to high security and the insurance of digital assets
  • It supports 41 cryptocurrencies, such as Bitcoin and Ethereum
  • The opportunity to make crypto-to-crypto exchanges
  • It’s available to any individuals and institutions in the UK
  • Bitcoin Gemini accepts GBP in exchange for digital coins
  • It has a fast verification process, so you can get started without any hassle
  • An EMI licence (Electronic Money Institution license) by the United Kingdom’s FCA in 2020

While we could list several more, we hope that these points are enough to give you an idea of why so many people are using this exchange. Overall, it’s known for being a simple and convenient platform for beginners while offering more advanced features to entice more seasoned traders.

How likely are you to profit from using Bitcoin Gemini?

Despite the potential for high returns, crypto trading is known for its volatility and sometimes, there’s not much of an opportunity to see profit. While it’s hard, sometimes it’s important to know when it’s time to cut your losses and take a hit to prevent losing even more. While there is a high success rate for many users, it can always be worth keeping in mind that Bitcoin and any other cryptos aren’t the most stable investment options. 

The downsides of this trading platform

While it’s certainly a good choice for crypto traders, crypto-to-crypto exchanges and even peer-to-peer trading, there are a few potential drawbacks that might be worth considering before setting up an account.

One of the most commonly spoken about cons of Bitcoin Gemini is its higher fees on larger transactions (whether you buy or sell). If the price is above £150, you might want to remember that you’ll be dealing with a bigger commission. With this in mind, you could make your transactions far cheaper by choosing another cryptocurrency exchange.  

There’s also the fact that access to the ActiveTrader feature requires manual approval from the support team, which you can reach through email, Twitter, or phone. ActiveTrader does offer better fees, but overall it’s not as easy to get into and some may feel like the hassle isn’t worth it.

So, is it really a good choice?

Despite these two downsides, there’s still a lot to love about Bitcoin Gemini, which is one of the main reasons why it still stands against its competitors in the market. All in all, the costs are more than worth it when you consider the additional insurance and safety measures in place on this exchange – and this isn’t even considering the many other benefits that you could enjoy. 

Signing up to Bitcoin Gemini – is it really easy?

Most individuals who go to make an account with this trading platform will find that it’s not too hard at all to register and get started. Often, all you’ll need to do is enter is your full legal name, email address, location and create a password. Once your account is verified, you can deposit money and get started with buying or selling Bitcoin, Ethereum, Litecoin and many more well-known cryptocurrencies.

Overall, how does Bitcoin Gemini compare to its competitors?

There’s no doubt that the higher costs will be a major downside for most of those who are considering Gemini, but it’s important not to overlook the variety of benefits. 

Where it lacks in low commission fees, it excels in several other ways – and as the saying goes, you get what you pay for. The added security, top-notch tools and features, simple setup and registration, and the general ease of use all help to make this a good choice for all kinds of traders. Whether or not it’s better than its competitors is up to you, although there are certainly a few things that make Gemini especially attractive.

Before you make your choice, be sure to take the time to consider what’s on offer from this platform, as well as others, so you can have a well-rounded idea of what will be the most efficient software for you.

Final thoughts on this auto trading app:

Overall, it’s an ideal choice for those who are just getting to grips with the world of cryptocurrencies and trading, while also being an advanced enough platform to suit the wants and needs of more experienced traders. The sheer amount of supported cryptocurrencies certainly helps it to secure a top-spot for traders of all skill levels, especially as it’s one of the only platforms to offer such diversity.