Robinhood vs Gemini: fees, withdrawals, safety and which to use
For a $1,000 bank-transfer purchase, Robinhood charges $0, while Gemini charges $12 instead.
Robinhood vs Gemini fees
Robinhood and Gemini list their dollar fees for $1,000 on their own websites.
| $1,000 and the basics | Robinhood | Gemini |
|---|---|---|
| Buy by bank transfer (ACH) | $0 | $12 |
| Buy by debit card | – | $34.90 |
| Buy by wire | $0 | $12 |
| Sell and send to your bank (ACH) | $9.50 | $12 |
| Cash out to your bank (ACH) | $0 | $0 |
| Cash out by wire | $25 | $25 |
| Cash out instantly to a debit card | $17.50 | – |
| States it does not serve | Serves every state | Serves every state |
| Serves New York | Yes | Yes |
| Bank withdrawal | Free | Free. If you begin an ACH withdrawal before 3pm ET, the transfer is usually handled that day or on the next working day. |
| NYDFS licence | Yes | Yes |
| App Store rating (ratings) | 4.3 (4,899,968) | 4.8 (109,951) |
| Google Play rating (ratings) | – | 4.0 (55,353) |
| Coins listed | 92 | 99 |
A dash in that row means the exchange hasn't put out a figure, while "Not offered" tells you the method isn't available.
Robinhood vs Gemini in your state
Both Robinhood and Gemini leave out the same places.
Robinhood vs Gemini withdrawals
Robinhood charges you nothing for bank withdrawals.
Gemini charges no fee for bank withdrawals. Start an ACH withdrawal before 3pm ET and handling usually happens that day or on the next working day.
Robinhood vs Gemini safety
NYDFS provides Robinhood's New York licence or charter.
NYDFS provides Gemini's New York licence or charter.
Robinhood vs Gemini apps and coins
In the App Store, Robinhood's app has a 4.3 rating on a 5-point scale, drawn from 4,899,968 ratings.
From 109,951 App Store ratings, Gemini's app earned 4.8 out of 5. On Google Play, the score stood at 4.0, drawn from 55,353 ratings.
Between Robinhood and Gemini, which one should you pick?
- Robinhood is a good choice if you'll use its order book along with Exchange routing fee tiers. It also works when you live in a state the others don't serve.
- If you use its order book and Gemini ActiveTrader, pick Gemini. It's also the choice if you live in a state the other exchanges leave out.
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