{"id":13306,"date":"2022-04-09T21:56:08","date_gmt":"2022-04-09T21:56:08","guid":{"rendered":"http:\/\/egrowonline.com\/?p=13306"},"modified":"2022-04-09T21:56:08","modified_gmt":"2022-04-09T21:56:08","slug":"gemini-cryptocurrency-wallet-review","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=13306","title":{"rendered":"Gemini Cryptocurrency Wallet Review"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<table class=\"mntl-sc-block-table__table\">\n<colgroup span=\"1\" \/>\n<colgroup span=\"1\" \/>\n<tbody data-check=\"-1\">\n<tr>\n<th><b>Type of wallet<\/b><\/th>\n<td>Custodial web-based hot wallet available on desktop, Apple iOS and Android mobile devices.<\/td>\n<\/tr>\n<tr>\n<th><b>Price<\/b><\/th>\n<td>Gemini Wallet: Free\u00a0<\/td>\n<\/tr>\n<tr>\n<th><b>Fees<\/b>\u00a0<\/th>\n<td>Gemini Wallet: No fees to deposit crypto or withdraw crypto for 10 or less withdrawals per calendar month. Transaction fees apply for buying and selling cryptocurrency on the Gemini Exchange, or sending coins to another wallet more than 10 times per calendar month.<\/td>\n<\/tr>\n<tr>\n<th><b>Number of cryptocurrencies supported<\/b><\/th>\n<td>80\u00a0<\/td>\n<\/tr>\n<tr>\n<th><b>Bitcoin and Ethereum supported?<\/b>\u00a0<\/th>\n<td>Yes\u00a0<\/td>\n<\/tr>\n<tr>\n<th><b>Earn (staking\/rewards)<\/b><\/th>\n<td>Yes\u00a0<\/td>\n<\/tr>\n<tr>\n<th><b>Customer Service<\/b>\u00a0<\/th>\n<td>Self-support website; email customer support\u00a0<\/td>\n<\/tr>\n<tr>\n<th><b>In-App Features<\/b><\/th>\n<td>Buy and sell cryptocurrency, setup recurring cryptocurrency purchases, exchange cryptocurrencies in your wallet in real time<\/td>\n<\/tr>\n<tr>\n<th><b>Hardware Compatible<\/b>\u00a0<\/th>\n<td>No<\/td>\n<\/tr>\n<tr>\n<th><b>SPV or Full Node<\/b>\u00a0<\/th>\n<td>Gemini uses an omnibus hot wallet which does not necessarily reflect the blockchain balance<\/td>\n<\/tr>\n<tr>\n<th><b>Mobile App<\/b>\u00a0<\/th>\n<td>Both Android and iOS<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- end: comp js-table-scroll mntl-sc-block mntl-sc-block-table --><br \/>\n<span class=\"heading-toc\" id=\"toc-pros--cons-explained\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-1\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Pros &amp; Cons Explained\u00a0 <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<h4 id=\"mntl-sc-block_6-0-2\" class=\"comp finance-sc-block-subheading mntl-sc-block mntl-sc-block-subheading\"> <span class=\"mntl-sc-block-subheading__text\"> Pros Explained <\/span> <\/h4>\n<p><!-- end: comp finance-sc-block-subheading mntl-sc-block mntl-sc-block-subheading --><\/p>\n<ul id=\"mntl-sc-block_6-0-3\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<li><strong>Gemini supports 80 cryptocurrencies: <\/strong>Gemini is one of the most robust cryptocurrency exchanges online, allowing users to purchase numerous popular tokens (like Bitcoin, Ether and Litecoin) and altcoins (such as Dogecoin, Shiba Inu Coin, and Kyber Network).<\/li>\n<li><strong>Trading available on web and mobile apps: <\/strong>Users can easily buy and transfer coins between wallets on the web portal or using the Gemini app on Android and iOS devices. The mobile app is easy to use to send, receive, or purchase additional cryptocurrency to add to the wallet.\u00a0<\/li>\n<li><strong>Wallets insured against unauthorized withdrawals: <\/strong>Gemini claims to have the \u201cmost insured wallet\u201d on the marketplace, offering insurance for unauthorized withdrawals due to a security breach or hack, fraudulent transfer, or employee theft. The insurance plan does not cover theft due to unauthorized access to a wallet.\u00a0<\/li>\n<\/ul>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<h4 id=\"mntl-sc-block_6-0-4\" class=\"comp finance-sc-block-subheading mntl-sc-block mntl-sc-block-subheading\"> <span class=\"mntl-sc-block-subheading__text\"> Cons Explained <\/span> <\/h4>\n<p><!-- end: comp finance-sc-block-subheading mntl-sc-block mntl-sc-block-subheading --><\/p>\n<ul id=\"mntl-sc-block_6-0-5\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<li><strong>Difficult to transfer cryptocurrencies to and from Gemini Wallet: <\/strong>Transferring cryptocurrencies from Gemini Wallet to another wallet can be difficult for new users, as it requires multi-factor authorization, with fees added on for users who send coins to other wallets over 10 times per month.<\/li>\n<li><strong>No live customer support for Gemini Wallet: <\/strong>If users have a problem with their Gemini Wallet, live support is not available. Account holders must either use the self-support website, or send a message to the support team for resolution.\u00a0<\/li>\n<li><strong>No anonymity in using crypto: <\/strong>While other wallets allow users to sign up without sharing personally-identifiable information, Gemini requires new accounts to provide their name, date of birth, and Social Security number to get started. This is due to New York State regulations and the company\u2019s formation as a LLC trust.\u00a0<\/li>\n<\/ul>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-features\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-6\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Features <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-7\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nLike many wallets supported by a major online exchange, Gemini Wallet makes it very easy for users to purchase cryptocurrency and store it in their web-based hot wallet. After creating an account, users can link their bank account or debit card to purchase tokens instantly. Other purchase options include ACH transfers, bank wire transfers, Apple Pay, or Google Pay. Of the 80 cryptocurrencies available to buy or sell on Gemini, the most popular coins include:\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<ul id=\"mntl-sc-block_6-0-8\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<li>Bitcoin<\/li>\n<li>Ether<\/li>\n<li>Litecoin<\/li>\n<li>USD Coin<\/li>\n<li>Solana<\/li>\n<\/ul>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-9\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nGemini Wallet also makes it easy to earn interest on your investment through cryptocurrency <a target=\"_blank\" href=\"https:\/\/www.investopedia.com\/terms\/p\/proof-stake-pos.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"noopener\">staking<\/a>. Eligible coins can be designated to Gemini Earn, each at a varying rate of return over time. Coins staked through Gemini Earn can be transferred or sold at any time with no minimums, transfer fees, or redemption fees.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-10\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nGemini Wallet allows users to spend their crypto balance at select retail partners with just their smartphone and the Gemini App. Through their partnership with Flexa, Gemini Pay allows users to complete orders at stores like Barnes &amp; Noble, Lowe\u2019s, and Petco using Bitcoin, Ether, Litecoin, Gemini USD, or seven other coins.<span class=\"ql-inline-citation\" data-cite=\"6\" \/>\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-security\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-11\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Security <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-12\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nGemini pays meticulous attention to their security protocols. In 2018, the company worked with Deloitte to complete the SOC 2 Type 1 examination, making them the first cryptocurrency exchange to go through the security compliance test.<span class=\"ql-inline-citation\" data-cite=\"7\" \/> Gemini Wallet is additionally insured against thefts due to a security breach or hack, a fraudulent transfer, or employee theft. Transfers due to unauthorized access to your user account is not covered by the insurance policy.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-13\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nOn all new accounts, multi-factor authentication is on by default to sign into your account. Logging into the website requires users to enter both a password <em>and<\/em> a security code sent to the user\u2019s cell phone. On the mobile app, users can require a password combined with a PIN number or biometrics to login. For additional security, Gemini supports hardware security keys using USB or near-field communication (NFC) chip technology when signing into the mobile app.\u00a0 To ensure coins cannot be transferred to an unknown wallet, users can also create an approved address list and manage it within their account. This feature stops any attempt to transfer to anyone the account owner doesn&#8217;t know.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-privacy-and-anonymity\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-14\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Privacy and Anonymity <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-15\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nAlthough one of the tenets of cryptocurrency is the ability to complete transactions anonymously online, Gemini requires new users to input a lot of personally-identifiable information to get started. Because Gemini is a trust LLC and a \u201cqualified custodian\u201d under New York State Department of Financial Services regulations, they are required to collect numerous pieces of information on their clients.<span class=\"ql-inline-citation\" data-cite=\"8\" \/>\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-16\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nWhen signing up for a new account, users must provide their full name (first, middle, and last) and e-mail address, their date of birth, a physical mailing address, cell phone number, and their Social Security number. In order to transfer fiat into Gemini or purchase cryptocurrency on the exchange, users will also have to submit proof of their identity, such as a valid state-issued ID, driver\u2019s license, passport or passport card, or permanent resident card. There\u2019s no timeline for an account to get verified, but Gemini suggests uploading photos which clearly show all four corners of the document, your personal details, and the expiration date.\u00a0\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-17\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nOnce users have created a Gemini Wallet account, they will also have the opportunity to create a Gemini Custody account for secure cryptocurrency storage. Setting up a custody account is free, and does not require any additional personally-identifiable information. However, new users will need to confirm and accept the terms, including the annual fee and the withdrawal fee.\u00a0\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-setup\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-18\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Setup\u00a0 <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-19\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nBecause Gemini Wallet is cloud-based, users do not have to complete extra steps to set up their wallet. Instead, the wallet is created as part of the account. Once the account is verified, users will be able to use their wallet to purchase and sell cryptocurrencies from the Gemini Exchange, or send and receive cryptocurrencies to and from other wallets.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-usability\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-20\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Usability <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-21\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nThe Gemini Wallet is accessible from both the web-based interface and mobile apps on both Apple\u2019s App Store and Android\u2019s Google Play store. Through either interface, Gemini users can purchase, exchange, send, and receive cryptocurrency.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-22\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nIn addition, sending tokens to or from a Gemini Wallet isn\u2019t an instantaneous process. Depending on which coins you are using, the process can take anywhere between 3 minutes and 2.5 hours. Typical wait times for transaction confirmation when sending or receiving crypto are:<span class=\"ql-inline-citation\" data-cite=\"9\" \/>\u00a0<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<ul id=\"mntl-sc-block_6-0-23\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<li>Bitcoin: Around 30 minutes<\/li>\n<li>Bitcoin Cash: Up to 2.5 hours<\/li>\n<li>Dogecoin: Up to 1 hour<\/li>\n<li>Ether\/ERC-20 Tokens: Around 3 minutes<\/li>\n<li>Filecoin: Around 1 hour<\/li>\n<li>Litecoin: Around 30 minutes<\/li>\n<li>Tezos: Around 30 minutes<\/li>\n<li>Zcash: Up to 60 minutes<\/li>\n<\/ul>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-24\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nAs an extra security measure, Gemini only accepts Ethereum and other ERC-20 tokens sent through the main Ethereum network. If you attempt to send coins into your wallet from another chain, including the BNB Chain (previously known as the Binance Smart Chain) or Polygon network, your coins will be lost with no option to return them to the sending wallet.<span class=\"ql-inline-citation\" data-cite=\"10\" \/><\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-desktop\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-25\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Desktop <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-26\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nThe desktop interface is clean and simple to use: The home page shows the user\u2019s total balance, with links to view total portfolio performance, top moving cryptocurrencies, and educational modules about the latest topics on decentralized finance topics. Three buttons at the top-right give users the key items they need to get started, including seeing values in the fiat of choice, transferring cryptocurrency to or from Gemini Wallet, and account management.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-27\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nTo use the Gemini Wallet to transfer coins, users will click on the \u201cTransfer\u201d button, and select the option to \u201cDeposit into Gemini\u201d or \u201cWithdraw from Gemini.\u201d When depositing into Gemini, users will use the drop down menu to select the cryptocurrency they want to receive and the wallet will provide an address to accept the transfer. To send cryptocurrency from the web wallet, users will select \u201cWithdraw from Gemini\u201d instead, and select the currency they want to send. From there, they will input the wallet address they want to send to, enter the amount they want to send, and complete the withdrawal using the multi-factor authentication. If they have a wallet whitelist setup or have a Gemini Custody account setup, they can only send to wallets they submitted for the list.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-mobile-app\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-28\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Mobile App\u00a0 <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-29\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nTransferring cryptocurrencies between wallets is a much easier process using the Gemini mobile application, available on both the Apple iOS App Store and Android Google Play Store. On the App Store, the Gemini app has a 4.8-star rating based on over 84,000 ratings, while the Android version has a 4.4-star rating based on over 40,000 reviews. The positive reviews on both stores generally praise the clean user interface and ease of use, while the negatives are focused on the delayed verification time and customer service issues.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-30\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nTo receive cryptocurrency into the Gemini Wallet, users tap on the \u201cAccount\u201d button (the button that looks like a person\u2019s silhouette), and select \u201cDeposit into Gemini.\u201d They will then be presented with their bank account to deposit fiat, along with the list of supported cryptocurrencies. After selecting the currency they want to receive, both a deposit address and <a target=\"_blank\" href=\"https:\/\/www.investopedia.com\/terms\/q\/quick-response-qr-code.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"noopener\">QR code<\/a> will be displayed for the sender to use. To send cryptocurrency, the user will select \u201cWithdraw from Gemini\u201d instead, where they will be prompted to use the PIN they chose to sign in when setting up the app. Afterwards, users will see what cryptocurrencies are available to send, select how much to send, and input the wallet they want to send to. Like using the web client, the mobile client will confirm the transaction using multi-factor authentication. Once again, the users can only send to any wallet <em>if <\/em>they don\u2019t have a whitelist enabled on their account.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-customer-service\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-31\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Customer Service <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-32\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nWhile users are overall happy with the user experience, the one place where Gemini falls short is in customer service. There are no live options to ask questions or get account support, nor is there a ticket system for users to track issues they are having with the platform. Instead, users can either turn to a self-help database, or send an email to the support team for assistance.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-cost--fees\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-33\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Cost &amp; Fees <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-34\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nWhen it comes to costs and fees, Gemini Wallet doesn\u2019t charge fees for the most common transactions. Depositing all cryptocurrencies from other wallets, making fiat transfers into Gemini, or redeeming staked earnings from Gemini Dollar are all free. Users will pay a 3.49% transaction fee when transferring fiat into their Gemini account via debit card, or when purchasing cryptocurrency on the exchange.<span class=\"ql-inline-citation\" data-cite=\"11\" \/>\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-35\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nMost outbound transfers to external wallets are also free, as long as users make 10 or less transfers during a calendar month. You will still be required to pay any requisite network or gas fees to send currencies between wallets.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-36\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nIf users use their wallet to send cryptocurrency 11 or more times per month, they will pay a nominal fee in the cryptocurrency per withdrawal. For the top coins, the fees are currently:<span class=\"ql-inline-citation\" data-cite=\"11\" \/>\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<ul id=\"mntl-sc-block_6-0-37\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<li>Bitcoin: 0.001 BTC per transaction<\/li>\n<li>Ether: 0.001 ETH per transaction<\/li>\n<li>Litecoin: 0.002 LTC per transaction<\/li>\n<li>USD Coin: 0.5 USDC per transaction<\/li>\n<li>Solana: 0.005 SOL per transaction\u00a0<\/li>\n<\/ul>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-final-verdict\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-38\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Final Verdict <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-39\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nAlthough Gemini Wallet fulfills all the duties of a traditional cryptocurrency wallet, it works more in practice as a storage system for those purchasing coins using the Gemini Exchange. Instead of making it easy to collect, send, and receive numerous digital tokens, Gemini Wallet leans on multiple security functions to prevent using it as a wallet. And while users <em>can<\/em> spend select cryptocurrencies directly from the wallet using Gemini Pay, everything remains centralized within the Gemini ecosystem.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-40\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nOverall, Gemini Wallet is best suited for those new to cryptocurrency, and are looking for a secure place to store coins without worrying about a difficult setup procedure or the potential of falling for scams. Gemini Custody is a strong product for investors who want to lean heavily into one or multiple cryptocurrency coins at the highest security level possible. But those who are actively using cryptocurrency to buy and sell items online or invest in NFTs will find the process frustrating and potentially expensive, and would be better served by other online wallets.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><br \/>\n<span class=\"heading-toc\" id=\"toc-methodology\" \/> <\/p>\n<h3 id=\"mntl-sc-block_6-0-41\" class=\"comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Methodology <\/span> <\/h3>\n<p><!-- end: comp finance-sc-block-heading mntl-sc-block mntl-sc-block-heading --><\/p>\n<p id=\"mntl-sc-block_6-0-42\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nOne of the most important things to consider before you transact in and store cryptocurrencies is that you have a suitable crypto wallet in place. To help determine the wallet that works best for you, we conducted a comprehensive review process of the top cryptocurrency software wallets.\u00a0\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-43\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nOur review process is built around a quantitative ratings model that weighs key factors like security, costs, privacy, usability, customer support, and features according to their importance. Our team of researchers gathered over 40 data points and conducted extensive research for each of the 19 companies we reviewed. Our team of writers, who are experts in this field, then test drove each wallet to lend their qualitative point of view.\n<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<p id=\"mntl-sc-block_6-0-44\" class=\"comp mntl-sc-block mntl-sc-block-html\">\nOur model gave preference to companies with the strongest security measures and reputations.\u00a0Companies with rich features, such as supporting a large number crypto assets, giving users the ability to sync with hardware wallets, and allowing for fee customization, also ranked highly.<\/p>\n<p><!-- end: comp mntl-sc-block mntl-sc-block-html --><\/p>\n<div id=\"mntl-sc-block_6-0-45\" class=\"comp review-content js-sticky-riser-hide mntl-sc-block prm-sc-block-commerce--finance litho-sc-block-commerce--finance litho-sc-block-commerce--universal-image mntl-sc-block-commerce--universal-image mntl-sc-block-commerce mntl-block\" data-use-external-image=\"false\" data-click-tracked=\"false\" data-use-child-url=\".mntl-sc-commerce-btn-list__btn\" data-tracking-container=\"true\">\n<a target=\"_blank\" href=\"https:\/\/www.gemini.com\/\" rel=\"noskim noopener nofollow sponsored\" id=\"mntl-sc-block-commerce__button_1-0\" class=\" mntl-sc-block-commerce__button mntl-commerce-btn mntl-text-link\" data-tracking-container=\"false\"><span class=\"link__wrapper\">Learn More<\/span><\/a><!-- end: mntl-sc-block-commerce__button mntl-commerce-btn mntl-text-link --><\/p>\n<div class=\"mntl-sc-block-commerce__image mntl-universal-image universal-image__container\">\n<img loading=\"lazy\" decoding=\"async\" class=\" universal-image__image\" src=\"https:\/\/:0\" width=\"1\" height=\"1\" alt=\"\" role=\"\" data-expand=\"300\" data-src=\"\" \/>\n<\/div>\n<\/div>\n<p><!-- end: comp review-content js-sticky-riser-hide mntl-sc-block prm-sc-block-commerce-finance litho-sc-block-commerce-finance litho-sc-block-commerce-universal-image mntl-sc-block-commerce-universal-image mntl-sc-block-commerce mntl-block -->\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/gemini-cryptocurrency-wallet-review-5225143\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Type of wallet Custodial web-based hot wallet available on desktop, Apple iOS and Android mobile devices. Price Gemini Wallet: Free\u00a0 Fees\u00a0 Gemini Wallet: No fees to deposit crypto or withdraw crypto for 10 or less withdrawals per calendar month. Transaction fees apply for buying and selling cryptocurrency on the Gemini Exchange, or sending coins to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[52,786,655,1130],"class_list":["post-13306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-cryptocurrency","tag-gemini","tag-review","tag-wallet"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/Gemini_Recirc-d3ce5edf451d4122ac304360db7bda73.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13306"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13306\/revisions"}],"predecessor-version":[{"id":13308,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13306\/revisions\/13308"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/13307"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13306"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}