Gemini review
- What a $1,000 buy costs in fees
- $12by bank transfer
- Time for a bank withdrawal
- That day or the next
- Coins
- 99
Buying $1,000 of crypto on Gemini with a bank transfer has $12 in published fees (Gemini ActiveTrader, 1.2% taker fee). Gemini says its service is available to customers throughout all 50 states.
- Buying $1,000 by bank transfer
- $12
- States where the service isn't available
- Customers are served in every state.
- Withdrawing money through a bank
- Free if you begin an ACH withdrawal before 3pm ET, which is typically processed that day or the next working day
- NYDFS licence in New York
- Yes dfs.ny.gov
on a scale ending at 10, the score is 7.0.
- Fee rating is 4.0 out of 10 and carries a 30% weight
- Availability rating is 10.0 out of 10 and carries a 20% weight
- Security and licences rating is 8.0 out of 10 and carries a 20% weight
- Product rating is 5.7 out of 10 and carries a 15% weight
- App rating is 8.7 out of 10 and carries a 15% weight
We earn a commission if you open an account through our links. It does not change the fees you pay or our score.
Open a Gemini accountGemini fees in dollars
Every fee in the Gemini table points to a source page on Gemini. The $1,000 worked example adds up all the listed fees.
| Fee | Rate | Source | Read on |
|---|---|---|---|
| How the simple buy fee is set | When you place an order in Gemini mode (app/web), a Gemini fee applies and is calculated at that time. Payment method, order size, market conditions, jurisdiction and asset all affect the amount. Before you confirm, you'll see the amount on the trade review screen. A spread also applies to Instant/Recurring prices | gemini.com | November 2, 2026 |
| Spread | For crypto-to-crypto conversions, Gemini's quoted prices include a spread. The same applies to Instant and Recurring orders. Gemini doesn't publish the spread size, which may vary, and may keep any excess. | gemini.com | November 2, 2026 |
| Bank transfer buy fee | 0% | support.gemini.com | November 2, 2026 |
| Debit card fee | 3.49% | gemini.com | November 2, 2026 |
| Advanced maker fee, entry tier | 0.6% | gemini.com | November 2, 2026 |
| Advanced taker fee, entry tier | 1.2% | gemini.com | November 2, 2026 |
| Bank deposit (ACH) | Free | gemini.com | November 2, 2026 |
| Wire deposit | Free | gemini.com | November 2, 2026 |
| Bank withdrawal (ACH) | Free | gemini.com | November 2, 2026 |
| Wire withdrawal | $25 | support.gemini.com | November 2, 2026 |
| Instant cash out | There's no way to cash out instantly to a card. You can't use debit cards or Google/Apple Pay to withdraw fiat. Only ACH or wire works for USD withdrawals. | support.gemini.com | November 2, 2026 |
| Bitcoin withdrawal | Gemini's withdrawal fee changes to match the current network fee, and it's shown before you confirm. According to Gemini, it doesn't pocket the fee. No fixed BTC amount is given, and free monthly withdrawals aren't stated. | gemini.com | November 2, 2026 |
What $1,000 costs on Gemini
Every payment or payout method uses the same $1,000 amount. A dash means Gemini hasn't published a figure.
| What you do with $1,000 | You pay | How it is charged |
|---|---|---|
| Buy by bank transfer (ACH) | $12 | 1.2% taker fee, Gemini ActiveTrader |
| Buy by debit card | $34.90 | 3.49% card fee, plus spread |
| Buy by wire | $12 | 1.2% taker fee, Gemini ActiveTrader |
| Sell and send to your bank (ACH) | $12 | 1.2% taker fee, Gemini ActiveTrader, free payout |
| Cash out to your bank (ACH) | $0 | free |
| Cash out by wire | $25 | flat fee |
| Send Bitcoin to a wallet | – | Network fee shown before you send |
The Gemini fees page lists all Gemini fees and includes a calculator for your amount.
Gemini availability
Gemini reports that its service reaches customers in all 50 states, including people who live in New York.
Taking cash out of Gemini
Gemini doesn't charge for bank withdrawals. When you begin an ACH withdrawal before 3pm ET, Gemini usually processes it that day or by the next working day. Gemini's hold rule allows ACH deposits to be traded at Gemini's discretion. You cannot withdraw the fiat or crypto purchased with those funds until the ACH clears, which takes 4-5 working days. When you buy with a debit card/Apple/Google Pay, you can withdraw the crypto after 48 hours. PayPal takes 1-5 working days. Password resets have a 72-hour hold.
The withdrawal guide covers withdrawal times and limits and gives help if a Gemini withdrawal gets stuck.
Gemini's operator and its licences
In the US, Gemini Moonbase, LLC manages Gemini's business in most states and handles its business in Washington DC and Puerto Rico. Gemini Trust Company, LLC serves residents of Idaho, Louisiana, New York, Ohio and Texas.
Gemini holds a licence or charter issued by NYDFS in New York.
You can find Gemini's state licences on its licences page.
Gemini has 3 dated incidents on record, and each one includes its source.
Security at Gemini
Gemini's website doesn't display any outside attestation verifying its reserves. According to Gemini, the exchange runs with full reserves, and customer funds are held 1:1. The audited financial statements posted there include the latest report dated December 2025. SOC 1 and SOC 2 Type 2 examinations are also on the site; the most recent covers 10.1.2024-9.30.2025. Gemini's document attests to reserves instead of acting as a complete audit.
As part of its custody arrangements, Gemini's exchange holds $125M in digital asset insurance. Commercial crime coverage for hot-wallet assets is $25M, while coverage for offline (cold storage) holdings is $100M (as of March 1, 2024).
By default, signing in to or withdrawing from a Gemini account requires 2FA. Hardware security keys, including a YubiKey, are available, and crypto address allowlisting is supported.
Gemini posts outages on its status page.
Gemini app ratings
The Gemini app has a 4.8 out of 5 rating from the App Store across 109,951 ratings. It has a 4.0 rating on Google Play based on 55,353 ratings.
How do you open a Gemini account?
Opening a Gemini account requires a valid, unexpired government-issued photo ID and a biometric selfie face scan. For the US, a state ID or driver's license works. Accepted choices also include a passport/passport card or Green Card. No fixed review period is given.
You must be at least 18 to open a Gemini account.
Staking through Gemini
Customers in the US can stake through Gemini. Under the Staking Agreement, opt in to conventional staking separately for each supported asset. A separate Asset Rewards program covers SOL, MON, ETH and other assets, with per-asset caps.
Gemini's advantages and drawbacks
Pros
- You can use Gemini in all 50 states.
- Gemini has a licence from NYDFS. NYDFS is the strictest state regulator for crypto in the US.
- Gemini publishes proof of reserves.
- Through Gemini ActiveTrader, Gemini offers an order-book platform with lower fees than its simple buy button.
Cons
- Most US exchanges have lower fees for a $1,000 bank-transfer buy than Gemini, where the cost is $12.
- Gemini lists fewer coins (99) than the bigger exchanges.
- Gemini has 3 dated incidents on record involving enforcement or security.
Compared with Gemini with
People most often compare Gemini with the exchanges shown here, side by side on these pages.
Learn more about Gemini
Questions people often ask
Can you use Gemini in every US state?
Gemini reports that it serves customers in all 50 states.
How much time does a Gemini bank withdrawal take?
Gemini provides free withdrawals to banks. Start an ACH withdrawal before 3pm ET, and Gemini typically handles it that day or the next working day.
Is a 1099 form issued by Gemini?
It does. For 2025 activity, Gemini's Form 1099-DA for 2025 reports proceeds only for that year. For covered assets, it also shows cost basis from 2026. Form 1099-MISC applies to $600+ income, including staking and referral rewards. Gemini also offers a Gain/Loss Statement that isn't sent to the IRS, and it doesn't issue Form 8949.