Market research firm CipherTrace recently released a report on the size of the cryptocurrency exchange industry. The report, called the Exchange and Market Product Market Research Report , surveyed over 500 executives in the cryptocurrency exchange ecosystem, and found that there are a lot of ways to make money on these markets.

After their ICO in March, the Gemini exchange received a lot of attention when it launched in June. It was one of the first fully regulated exchanges to allow US residents to trade cryptocurrencies like Bitcoin, Ethereum, and Litecoin. In just a few months, Gemini has cemented its place in the crypto world, and it seems to be on track to become the first crypto exchange to be worth $1 billion.

Riding the trend of cryptocurrency adoption, it’s time to look at two of the most well-known and stable cryptocurrency exchanges in the world: Coinbase and Gemini. In this article, we’ll compare the two and then provide you with our recommendation as to which one is better suited for you, and vice-versa.. Read more about gemini crypto and let us know what you think.

Gemini and Coinbase are two of the most popular cryptocurrency exchanges in the world, particularly among investors in the United States.

However, since both companies provide comparable services, deciding which one to utilize may be difficult. We’ve put both exchanges to the test in this head-to-head match-up to assist you. 

We’ll go through the features, benefits, and drawbacks of both exchanges in our Gemini vs. Coinbase comparison. That way, you can spend less time researching and more time investing in your potential crypto exchange.

Gemini vs. Coinbase (Overview)

Coinbase and Gemini are two strong cryptocurrency exchanges that make it simple to trade digital assets. Here’s a quick rundown of each conversation.

Gemini is a sign in the Zodiac.

Gemini is a crypto exchange headquartered in New York that was established in 2014. Cameron and Tyler Winklevoss manage the company, which makes bitcoin trading accessible to the general public. 

It is also one of the few exchanges that is regulated by the New York State Department of Financial Services and operates in every US state. Gemini is also a New York trust corporation, which means it must prioritize the interests of its account holders above its own. To discover more, read our whole Gemini review.

Gemini-vs-Coinbase-2021-Which-Cryptocurrency-Exchange-is-BestGemini is the sign of the zodiac.

What is Coinbase?

Coinbase is a global cryptocurrency exchange established by Brian Armstrong and Fred Ehrsam in 2012. The business works in over 100 countries and has no formal headquarters.

The exchange claims to have more than $90 billion in assets under management as of 2021, and it provides a variety of crypto-focused services. Coinbase is now one of the biggest cryptocurrency exchanges in the world. To understand more, read our whole Coinbase review.

Main Differences Between Gemini and Coinbase

Both Gemini and Coinbase have a lot of features. Let’s have a look at the characteristics of each firm.

Gemini

Gemini’s main selling point is its cryptocurrency trading platform. Investors may purchase and sell cryptocurrencies on the company’s two platforms.

The Gemini trading platform provides a simple method to exchange cryptocurrency. It allows you to make market orders that will be credited to your account right away. For experienced investors, the firm’s ActiveTrader platform provides sophisticated charting capabilities and extra order types.

Gemini Earn is a simple method for investors to earn interest on their cryptocurrency holdings. On some cryptocurrencies, this function provides interest rates ranging from 1% to 7.5 percent.

Gemini Clearing and Gemini Custody are two more key aspects for high-net-worth traders. Traders may place big transactions over the counter with the help of Gemini Clearing’s specialized trading desk. 

For investors who don’t want to manage their funds themselves, Gemini Custody offers a high degree of institutional protection. This firm charges a 0.4 percent yearly custody fee, but it may be a viable option for those with significant crypto holdings.

Finally, Gemini provides two options for using and earning cryptocurrency. The company’s Gemini Pay function allows you to pay using cryptocurrency at thousands of US-based businesses. The Gemini Mastercard, on the other hand, is a simple method to earn crypto rewards on your everyday purchases.

1629802525_921_Gemini-vs-Coinbase-2021-Which-Cryptocurrency-Exchange-is-BestGemini is the sign of the zodiac.

Overview of the Main Features

  • Gemini’s sophisticated trading platform for seasoned cryptocurrency traders is ActiveTrader.
  • Gemini Earn is an easy method to earn interest on your cryptocurrency investments.
  • Gemini Clearing — This off-the-exchange solution enables big crypto transactions.
  • Gemini Custody — Investors may keep their digital assets in safe, institutional-grade facilities using Gemini’s custody service.
  • Gemini Pay is a simple method to buy products and services using cryptocurrency.
  • Gemini Mastercard — The company’s rewards credit card, which earns you free cryptocurrency when you spend it.

Coinbase

Coinbase is a feature-rich cryptocurrency exchange with a user-friendly design. Coinbase, like Gemini, allows you to purchase and sell cryptocurrency on two separate platforms. 

The company’s fundamental trading platform makes it easy to purchase cryptocurrency. This platform only enables market orders, but it also allows you to set up “recurring buys,” as Coinbase refers to them. As a result, you’ll be able to set up an automated investing plan for the cryptocurrency of your choosing, which will help you build your portfolio.

The Coinbase Pro platform, on the other hand, provides a more immersive trading experience, complete with customized price charts and sophisticated order types.

Coinbase does not provide crypto interest, but they do allow crypto staking. Coinbase Earn is a rewards program where you may earn free bitcoin in exchange for viewing instructional videos.

Coinbase Card is a crypto-backed Visa debit card that you may use with your Coinbase account. This function allows you to spend your cryptocurrency wherever Visa is accepted.

Finally, for ultra-high net worth people, the company provides a Private Client service. For a better investment experience, this service includes institutional research, an account manager, and asset management.

1629802526_141_Gemini-vs-Coinbase-2021-Which-Cryptocurrency-Exchange-is-BestCoinbase is the source of this information.

Overview of the Main Features

  • Coinbase Pro — For experienced traders, Coinbase Pro is the premium exchange platform.
  • Coinbase Earn is a fun and informative method to earn free cryptocurrency by viewing videos on the platform.
  • Staking on Coinbase – The company’s staking function allows you to stake supported coins to receive rewards on your holdings.
  • Coinbase Card — With the Coinbase Card, you can pay for everyday transactions with your bitcoin holdings.
  • Coinbase Private Client — Coinbase Private Client is a cryptocurrency asset management service for ultra-high-net-worth people.
  • Recurring Buys – Establishing a regular crypto investment plan is a simple approach to build your portfolio.

Coinbase vs. Gemini: Which Cryptocurrencies Are Accepted?

If your chosen cryptocurrency isn’t supported by an exchange, it won’t help you with your investment plan. Let’s take a look at some of the cryptocurrencies offered by Gemini and Coinbase with that in mind:

Gemini

Gemini currently supports over 40 coins, including:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Bitcoin Cash (BCH) is a cryptocurrency that
  • Dogecoin
  • Chainlink

However, since the company is constantly adding new currencies to its exchange, this list is likely to expand in the near future.

Coinbase

Coinbase presently has approximately 50 cryptocurrencies available to investors in the United States. These are some of them:

  • Bitcoin
  • Ethereum
  • Dogecoin
  • Litecoin
  • Ripple
  • Luminous Spheres

Coinbase, like Gemini, intends to add additional supported cryptocurrencies to its exchange in the near future.

1629802527_341_Gemini-vs-Coinbase-2021-Which-Cryptocurrency-Exchange-is-BestCoinbase is the source of this information.

Coinbase vs. Gemini: Wallet

Without a means to keep your digital assets, no exchange is complete. As a result, both Gemini and Coinbase provide account users with a variety of crypto wallets to choose from. Here’s what you should be aware of:

Gemini

The firm’s hosted hot wallet is the Gemini Crypto Wallet. This wallet is accessible to all account users since it is where your coins are placed when you buy crypto on the exchange.

Gemini’s hosted wallet is unique in that it has sophisticated security measures. The majority of the assets in these hosted wallets are stored in a high-security cold storage system. The company’s Digital Asset Insurance covers funds in these wallets as well. 

Coinbase

Although all Coinbase account users have access to hosted hot wallets, the company also provides a free personal hot wallet.

The Coinbase Wallet provides you with access to your private keys, allowing you to manage your assets. This wallet supports over 500 different currencies and gives you access to certain initial coin offers (ICOs) (initial coin offerings).

By downloading the Coinbase Wallet from the Apple App or Google Play stores, anybody may establish a free Coinbase Wallet. You can set up transfers from your Coinbase account or any other wallet with reasonable simplicity once you have a Coinbase Wallet.

Security vs. Gemini vs. Coinbase

Any crypto investor’s first worry is security. Before you start trading, here’s everything you need to know about Gemini and Coinbase’s security features.

Gemini

Gemini bills itself as a cryptocurrency exchange that focuses on security. Premium security features, such as sophisticated encryption and multi-factor authentication, are included with the business.

The majority of the company’s assets are kept in offline wallets that are kept in safe locations across the globe. The FDIC insures US dollar money in a Gemini account up to $250,000, and the firm offers a Digital Asset Insurance Policy on crypto assets.

1629802528_503_Gemini-vs-Coinbase-2021-Which-Cryptocurrency-Exchange-is-BestGemini is the sign of the zodiac.

Coinbase

To keep its customers’ money safe, Coinbase employs cutting-edge technologies. To keep hackers at bay, the company uses AES-256 encryption, two-step authentication, and paper backups.

Furthermore, Coinbase keeps 98 percent of client funds in physical wallets housed in vaults across the world. The firm also has money in US dollars in FDIC-insured accounts.

Customer Support: Gemini vs. Coinbase

You need to know that if you have an issue with your account, you’ll be able to contact customer service. Here’s what you should anticipate from Gemini and Coinbase in terms of customer care.

Gemini

Gemini’s customer service is made easier through its online help pages, which address the most frequently requested problems. Gemini also offers a chat support bot that may assist you in navigating these assistance pages fast.

It’s worth noting that Gemini doesn’t provide phone-based customer service. If you have a query regarding your account, you may contact their support staff.

Coinbase

Coinbase has an online support center where you may receive assistance with your account. In addition, the business offers a chat support bot that may assist you with your queries.

If you have a more specific problem, you may contact Coinbase’s customer support staff through email. If you have a Coinbase Card, you may also contact the support staff for problems with your debit card. The business, on the other hand, does not offer a phone number for general account inquiries.

1629802528_405_Gemini-vs-Coinbase-2021-Which-Cryptocurrency-Exchange-is-BestCoinbase is the source of this information.

Fees in Gemini vs. Coinbase

Gemini and Coinbase are both renowned for their complicated pricing structures. So, let’s take a deeper look at each company’s price structure:

Gemini

Gemini’s pricing schedules for online and mobile transactions vary from those for its ActiveTrader platform.

For online and mobile trades, a 0.50 percent “convenience fee” is applied to all transactions. A flat-rate charge of $0.99 to $2.99 applies to transactions of less than $200, with bigger exchanges incurring a lower price. In the meanwhile, transactions worth more than $200 are subject to a 1.49 percent charge.

The maker-taker charge schedule for trades on the ActiveTrader platform changes based on your 30-day trading volume. The charge for this service ranges from 0.35 percent to 0.0 percent for investors with a larger trading volume.

In addition to trading costs, if you withdraw a single kind of cryptocurrency more than 10 times each month, Gemini may charge you withdrawal fees. Withdrawal costs vary depending on the cryptocurrency. 

Debit card deposits are also subject to a 3.49 percent fee, while all other deposit methods are free.

Coinbase

The cost structure at Coinbase is fairly similar to that of Gemini. This is due to the fact that the company has separate pricing for its basic trading platform and Coinbase Pro.

The basic Coinbase platform charges a spread fee of 0.50 percent of the entire amount of your order, as well as a flat or variable transaction fee. For trades of less than $200, the flat price ranges from $0.99 to $2.99 per transaction, with smaller deals incurring a greater fee. Meanwhile, trades for more than $200 are charged a fee of 1.49 percent of the overall order value.

Based on your 30-day trading volume, Coinbase Pro uses a maker-taker trade schedule that ranges from 0.50 percent to 0.0 percent. Makers are likewise paid less than takers in this system.

Finally, depending on your payment type, Coinbase charges deposit fees ranging from $1.49 to $3.99 each deposit. Incoming wire transfers are also $10, while departing wire transfers are $25. ACH transfers, on the other hand, are free.

Platform and App Comparison: Gemini vs. Coinbase

Both Coinbase and Gemini aim to be user-friendly exchanges that cater to a wide spectrum of cryptocurrency investors. Here’s how the platforms of both companies perform in real life.

Gemini

All of Gemini’s platforms have a consistent look and feel. The company’s web-based portal gives you access to both its standard trading platform and ActiveTrader, which you can switch between quickly.

Gemini features a single app for mobile crypto investing. Most Gemini functions, such as Gemini Pay and Gemini Earn, are available through this app. The mobile app, however, does not provide access to the ActiveTrader platform or Gemini Custody’s capabilities.

Coinbase

Coinbase’s platforms are streamlined and user-friendly in general. The web-based interface of the company supports the company’s basic and advanced trading platforms, as well as staking and Coinbase Earn capabilities.

Meanwhile, Coinbase keeps its standard trading platform, Coinbase Pro, and the Coinbase Wallet distinct apps. All of these apps are well-liked and simple to use. Switching between multiple apps, on the other hand, can be inconvenient.

What We Like About Gemini vs. Coinbase (Pros)

There are a lot of positive aspects to Coinbase and Gemini. Here are some of the most significant benefits of both exchanges:

Gemini

  • Available in all 50 states of the United States, as well as Puerto Rico.
  • Platform with an emphasis on security and crypto insurance
  • Earning interest on crypto assets is possible.
  • Having access to a credit card with cryptocurrency incentives
  • Gemini Pay allows you to make everyday purchases with cryptocurrency.
  • Platforms for basic and expert crypto trading are included.
  • Cryptocurrency storage services are available.
  • Provides an over-the-counter (OTC) trading solution for large transactions.

1629802529_853_Gemini-vs-Coinbase-2021-Which-Cryptocurrency-Exchange-is-BestGemini is the sign of the zodiac.

Coinbase

  • It’s available in over 100 countries, including the United States.
  • By watching videos, you can earn free cryptocurrency.
  • You’ll get free access to a hot wallet with full control over your private keys.
  • Visa debit card secured by cryptocurrency for everyday purchases
  • Recurring purchases on supported coins are simple to set up.
  • Option to stake a certain number of coins for a reward
  • The Coinbase Pro platform is available to all Coinbase account users.

What We Don’t Like About Gemini vs. Coinbase (Cons)

Despite the fact that Coinbase and Gemini are two of the most popular cryptocurrency exchanges in the world, each site has certain flaws. Here are some significant disadvantages to consider:

Gemini

  • There is no way to manage your private keys.
  • Some withdrawals are subject to fees.
  • Debit card transfers have high costs.
  • There are fewer crypto alternatives supported than Coinbase.

Coinbase

  • Not available in all 50 states of the United States.
  • Insurance for crypto assets is not available.
  • Fees for deposits and wire transfers are exorbitant.
  • There is no way to earn interest (just staking rewards)

1629802530_977_Gemini-vs-Coinbase-2021-Which-Cryptocurrency-Exchange-is-BestCoinbase is the source of this information.

For Whom Is Gemini Appropriate?

Gemini is an excellent cryptocurrency exchange for those who value security and simplicity above everything else. Gemini’s user-centric layout, amazing supplementary features, and availability in all 50 US states make it a popular choice for US-based investors, despite the firm’s high costs.

Gemini is also a good option for traders looking to make passive income from their crypto holdings, thanks to the company’s Gemini Earn function. Its crypto-rewards credit card and crypto-backed payment mechanism make it a good choice for traders who regard cryptocurrency as the money of the future.

For Whom Is Coinbase Intended?

Coinbase’s user-friendly platform and design make it a good choice for beginning crypto investors. Coinbase’s complex trading platform and staking capabilities, on the other hand, cater to more experienced investors.

Coinbase’s hefty fees, like those of Gemini, aren’t ideal for investors trying to save money. Coinbase, on the other hand, is a sure pick if you’re ready to pay a premium for convenience and access to a bevy of other services like a crypto debit card and crypto incentives.

Gemini vs. Coinbase Frequently Asked Questions

Here are some of the most frequently asked questions concerning Gemini and Coinbase, as well as our responses.

Gemini or Coinbase: Which Is Safer?

Both Gemini and Coinbase use advanced security safeguards to keep your cryptocurrency safe, and both have FDIC protection on US dollar funds. Only Gemini, on the other hand, insures customers’ digital assets. While keeping cryptocurrency is always risky, Gemini offers a tiny advantage over Coinbase in terms of asset security and insurance.

Gemini or Coinbase: Which Is Cheaper?

The pricing structures of Coinbase and Gemini are fairly similar, and they both charge the same fees for trades made on their basic trading platforms. However, Gemini’s advanced trading platform has cheaper fees, and the company doesn’t charge a fee for bank account contributions. As a result, Gemini is marginally less expensive than Coinbase.

Gemini versus Coinbase: Which Is Better?

Because Gemini and Coinbase are similar crypto exchanges, it’s difficult to say which is superior all-around. Coinbase is perhaps the superior option if you want to earn free bitcoin and get a crypto debit card. Alternatively, if you’re seeking for new ways to make money from crypto while maintaining high security, Gemini is a good choice.

Last Thoughts

Coinbase and Gemini are two prominent exchanges that can help traders get the most out of their cryptocurrency investments. 

When it comes to trading cryptocurrency, both companies provide identical services. As a result, the distinction between Gemini and Coinbase is based on the additional functionality provided by each company.

If you value high security and the possibility to earn passive interest on your crypto investments, Gemini could be the best option for you. Coinbase, on the other hand, is a good choice if you want a personal hot wallet, a crypto-backed debit card, and the possibility to earn free crypto online.

Gemini is the Winklevoss-owned Bitcoin exchange that has been around since 2015. Coinbase, on the other hand, is a company offering a range of financial products and services. It was founded in 2012 by Brian Armstrong and Fred Ehrsam, and it has not been a day in its life without making headlines. That is because it offers a range of financial products that cater to both institutional and high-net-worth investors.. Read more about gemini vs coinbase pro and let us know what you think.

Frequently Asked Questions

Is Coinbase better than Gemini?

Coinbase is a cryptocurrency exchange that allows users to buy and sell Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. Gemini is a cryptocurrency exchange that allows users to buy and sell Bitcoin, Ethereum, and Litecoin.

Is Gemini the best crypto exchange?

Gemini is a cryptocurrency exchange that offers high liquidity and low fees.

Is there a better exchange than Coinbase?

Yes, there are many exchanges that have better fees and features than Coinbase.

This article broadly covered the following related topics:

  • gemini vs coinbase
  • gemini fees
  • gemini exchange app
  • gemini bitcoin fees
  • gemini deposit fees
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