Has anyone lost money on Gemini Earn?

Earn customers were promised interest payments, but lost their money when Genesis defaulted on approximately $1 billion worth of loans in November 2022. Genesis declared bankruptcy two months later, leaving more than 200,000 Earn customers unable to access their digital currency .

Is the Gemini Trading app real or fake?

Gemini is a fully regulated exchange . US clients are accepted. Very strict cyber-security protocols ensure the safety of traders' funds. Well capitalized and compliant with banking laws.

Will Gemini users get their money back?

Gemini customers will receive about 97% of the repayment immediately and the remainder within 12 months . Genesis had previously estimated that its customers, including larger investors that were not part of the Earn program, would receive a 77% recovery in the bankruptcy.

Is Gemini a good crypto platform?

Gemini FAQs Gemini is a relatively safe exchange with fiduciary status . It requires all users to implement two-factor authentication. The company prides itself on offering safe and secure crypto trading services.

Why is it so hard to withdraw from Gemini?

Your crypto withdrawals may be temporarily restricted for a few different reasons: Sign-In From a New Device . Pending Bank Transfer (ACH) Pending Debit Card Transfer (24 hour hold)

Is Gemini exchange in trouble?

Gemini will also pay a $37 million fine to the regulator “for significant failures that threatened the safety and soundness of the company ,” the New York Department of Financial Services (NYDFS) said in a statement Wednesday.

Is Gemini coin risky?

Gemini prioritizes asset protection , and as such, we employ a robust approach to ensure the safety of assets while being staked. Firstly, we do not send customers' crypto to any third party.

Is it safe to keep money on Gemini?

U.S. dollars in your Gemini Account may be held at State Street Bank and Trust Company, JPMorgan Chase Bank, N.A. and thus may be eligible for FDIC “pass-through” insurance, subject to applicable limitations .

Does Gemini trade bitcoin?

Buy, Sell & Trade Bitcoin & Other Crypto Currencies with Gemini's Best-in-class Platform .

What is the minimum balance in Gemini?

About Gemini No minimum account balance . No deposit fees.

What is going on with Gemini Earn?

Gemini, one of Genesis' creditors, will begin returning the first 97% of owed assets in-kind to customers of its defunct Gemini Earn program by the end of the month , the company announced.

What is the Gemini earn scandal?

According to the SEC's complaint, the Gemini Earn program was a purported investment opportunity where Gemini customers, including retail investors in the United States, loaned their crypto assets to Genesis in exchange for Genesis' promise to pay interest earned from Genesis' use of the loaned crypto assets.

How safe is Gemini dollar?

Every single GUSD in circulation is fully backed by cash or cash equivalents held across bank accounts, money market funds, and US treasury bills .

Buy, Sell & Trade Bitcoin & Other Crypto Currencies with Gemini's Platform

Gemini is a simple and secure* platform to build your crypto portfolio.

*ISO 27001 and SOC 2 Type 2 certified.

High performance tools for active traders

Whether you’re an experienced trader or just getting started, Gemini has all the tools you need. Execute your trading strategies with the professional level crypto trading platform, ActiveTrader.

The premier NFT marketplace, Nifty Gateway

An accessible way to buy, sell, and store non-fungible tokens (NFTs) – digital art on the blockchain. Nifty Gateway is owned by Gemini, so you can expect the same industry-leading security technology to keep your NFTs safe.

Our full suite of products

Gemini's products set the standard for security, compliance, experience, and investor protection.

Gemini Clearing allows two parties to settle a trade off the order book. Gemini acts as a confirming third party in pre-arranged transactions, helping ensure timely settlement while mitigating counterparty risk.

Gemini Custody®

Store and manage your digital assets using an award winning*, crypto-native platform that is a secure**, compliant and user friendly custody solution.

*See award list in the section below

**ISO 27001 and SOC 2 Type 2 certified

Gemini dollar®

A regulated* stablecoin designed for scalability and usability in all kinds of transactions. Gemini dollar (GUSD) is purpose-built to bring the value of the US dollar into the modern digital era.

*GUSD has been fully regulated by the New York State Department of Financial Services (NYDFS) since 2018, making it one of the world's first regulated stablecoins.

Gemini Staking Pro

Participate in the blockchain ecosystem, earn staking rewards on your crypto, and track your on-chain staking activities with Staking Pro through your Gemini account.

Gemini Payments UK, Ltd. is authorized as an Electronic Money Institution (Firm Reference: 900988) and Gemini Intergalactic UK, Ltd is registered as a Crypto Asset Firm (Firm Reference: 921817) with the Financial Conduct Authority (FCA). Cryptoasset services provided by Gemini Intergalactic UK, Ltd are not regulated by the FCA and some of the regulatory protections available to customers of Gemini Payments UK, Ltd. will therefore be lost while using crypto asset services. You should consider whether you understand how crypto assets work as the value of your assets can increase or decrease. Cryptoasset profits may be subject to Capital Gains Tax.