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Gemini Exchange

Gemini is a New York-based crypto exchange founded by Cameron and Tyler Winklevoss, live since October 2015. It runs under a New York limited-purpose trust charter and has been listed on Nasdaq as GEMI since September 2025. Simple buys in the app use quoted fees plus a spread, while the ActiveTrader order book charges maker/taker fees of 0.60%/1.20% at the base tier.

Cost: ActiveTrader order book: maker 0.60% and taker 1.20% at the base tier, falling to 0.00% maker and 0.02% taker above $250M in 30-day volume. Simple buys, sells and conversions in the web and mobile app do not follow a published rate table. Gemini says the fee is calculated per order from payment method, order size, market conditions, jurisdiction and asset, shown on the trade review screen, plus a spread on Instant and Recurring orders. Those app trades can cost more than the ActiveTrader figure. The round trip shown is 2 x the base taker rate. A $1,000 buy-and-sell costs about $24.00 in Gemini fees.

Sign-up perk: The same amount as the referrer ($50, EUR 20 or AUD 50, by region) once the qualifying trade is made.

Checked 2026-10-17 · sources below
Round trip fee
2.4%
buy + sell, platform fee
$1,000 buy + sell
$24.00
before network + pool fees
Fees paid, 30d
—
not tracked by DefiLlama
US availability
Available
UK: available · EU: available
Open Gemini

More on Gemini: Is it legit? · Referral code · Fees

Gemini code
GrvG42

You get: The same amount as the referrer ($50, EUR 20 or AUD 50, by region) once the qualifying trade is made.

Custody
custodial
KYC
required
Platforms
web, ios, android
Launched
2015-10

Best for: US, UK and EU users who want a regulated, licence-focused exchange and can use limit orders on ActiveTrader to avoid the higher app fees.

Gemini fees

FeeTypeRateApplies toNote
ActiveTrader maker fee (base tier) platform 0.6% Buy and sell Charged only when a resting order is matched; falls with volume or balance.
ActiveTrader taker fee (base tier) platform 1.2% Buy and sell Applies to orders that match immediately. Charged in the quote currency.
App (Gemini mode) order fee platform — Buy and sell No fixed schedule published; calculated per order and shown on the trade review screen before confirming. Gemini may test fee changes.
Spread on Instant and Recurring orders spread — Buy and sell Built into the quoted price; Gemini may keep excess spread. Also applies to crypto-to-crypto conversions.
Debit card deposit other 3.49% buy Of the total purchase amount. ACH and wire deposits are free (your bank may charge for wires).
PayPal deposit other 2.5% buy Of the total deposit amount.
USD wire withdrawal other $25.00 sell ACH withdrawals are free.
Crypto withdrawal (network fee) network — sell Dynamic fee set to the current network fee and shown before you withdraw; crypto deposits are free.
Trade sizeGemini fee, buy + sell
$100 $2.40
$1,000 $24.00
$10,000 $240.00

Fee tiers

TierRateRequirement
ActiveTrader $250M0.02%30-day volume of $250M; maker 0.000%, taker 0.020%
ActiveTrader $100M0.025%30-day volume of $100M; maker 0.000%, taker 0.025%
ActiveTrader $50M0.035%30-day volume of $50M; maker 0.000%, taker 0.035%
ActiveTrader $20M0.05%30-day volume of $20M; maker 0.010%, taker 0.050%
ActiveTrader $10M0.065%30-day volume of $10M; maker 0.025%, taker 0.065%
ActiveTrader $5M0.085%30-day volume of $5M; maker 0.040%, taker 0.085%
ActiveTrader $1M0.1%30-day volume of $1M; maker 0.050%, taker 0.100%
ActiveTrader $500K0.125%30-day volume of $500K; maker 0.060%, taker 0.125%
ActiveTrader $250K0.15%30-day volume of $250K or $25M asset balance; maker 0.075%, taker 0.150%
ActiveTrader $75K0.25%30-day volume of $75K or $15M asset balance; maker 0.125%, taker 0.250%
ActiveTrader $25K0.5%30-day volume of $25K or $5M asset balance; maker 0.250%, taker 0.500%
ActiveTrader $10K0.8%30-day volume of $10K or $1M asset balance; maker 0.400%, taker 0.800%
ActiveTrader base1.2%Default for any volume; maker 0.600%, taker 1.200%

Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.

Full Gemini fee breakdown →

Is Gemini legit?

Balances on Gemini Exchange are held by Gemini Trust Company, LLC. Gemini also offers a separate self-custodial wallet.

Backers: Not named in source; parent Gemini Space Station, LLC valued at $7.1B ($400,000,000), 2021-11; Public listing: Nasdaq Global Select Market, ticker GEMI, IPO price $28 per share, 2025-09.

Incidents on record

  • 2022-11: Gemini Earn withdrawals frozen. Partner Genesis suspended withdrawals on 2022-11-16, freezing Gemini Earn customer funds. Gemini shut Earn in January 2023. A bankruptcy-court-approved settlement in 2024 returned Earn users' assets in kind, with about 97% initially and the rest as recoveries arrived. Source
  • 2023-01-12: SEC charges over Gemini Earn. The SEC charged Gemini Trust and Genesis with unregistered offer and sale of securities through Earn. In January 2026 the SEC and Gemini filed to dismiss the case after full Earn restitution; this site has not confirmed the court's final order. Source
  • 2023-10-19: New York Attorney General lawsuit over Earn. The NYAG sued Gemini, Genesis and Digital Currency Group over Earn. Gemini settled on 2024-06-14 without admitting or denying liability, committing about $50M toward coin-for-coin recovery and paying no civil penalty. Source
  • 2024-02: NYDFS consent order. Gemini Trust agreed with New York's financial regulator to pay a $37M civil penalty, contribute $40M initially toward Earn users' recovery, and ensure full in-kind recovery for Earn users. Source
  • 2025-01: CFTC settlement ($5M). Gemini settled a June 2022 CFTC suit alleging misrepresentations to the regulator in 2017 for $5M. Source

The full "is Gemini legit?" check →

Where Gemini is available

RegionStatus
United StatesAvailable
United KingdomAvailable
European UnionAvailable

UK: Gemini states it is FCA-authorised as an e-money institution and registered as a crypto-asset firm. EU: Gemini holds a Malta MiCA licence (Aug 2025) covering the EEA. US state-by-state restrictions were not verified. (source)

We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.

Pros and cons

Pros

  • New York limited-purpose trust charter since 2015, plus FCA registration in the UK and a Malta MiCA licence for the EEA.
  • ActiveTrader maker/taker fees fall to 0.00%/0.02% at $250M monthly volume.
  • Free ACH deposits and withdrawals and free crypto deposits.
  • Publicly listed on Nasdaq (GEMI) since September 2025.

Cons

  • Base ActiveTrader taker fee is 1.20%, so a market-order round trip costs about 2.4% before spread or deposit fees.
  • App order fees are not published as a fixed table and a spread is added on Instant and Recurring orders.
  • Earn customers' funds were frozen from November 2022 and drew SEC, NYAG, NYDFS and CFTC actions.
  • Debit card deposits cost 3.49% and PayPal deposits 2.50%.

Features

ActiveTrader maker/taker order bookweb and mobile apprecurring buysstakingmargin tradingperpetual futuresGemini Dollar (GUSD) stablecoincredit card with crypto rewardscustodyself-custodial walletprediction markets

Gemini code

Gemini code
GrvG42

You get: The same amount as the referrer ($50, EUR 20 or AUD 50, by region) once the qualifying trade is made.

Open Gemini

Alternatives to Gemini

Bybit

Derivatives-focused traders outside the US, Canada and Singapore who want a large centralised exchange with perpetuals, options and copy trading.

0.2%Round trip

Coinbase Advanced

Active traders in the US, UK or EU who want an order book with no spread and tiered fees, from the same account as regular Coinbase.

1.8%Round trip

Robinhood

US users who already invest with Robinhood and want a simple way to buy major coins and listed memecoins (DOGE, SHIB, PEPE, BONK, WIF, TRUMP) without a separate exchange account.

1.9%Round trip

Coinbase

Beginners in the US, UK or EU who want a regulated, KYC'd on-ramp with bank funding, and who can trade onchain Base/Solana tokens in the same app.

Head to head

Where Gemini ranks

Gemini FAQ

Is Gemini legit?

Gemini has operated since October 2015 under a New York limited-purpose trust charter and listed on Nasdaq (GEMI) in September 2025. Its Gemini Earn program froze in November 2022, leading to SEC, NYAG and NYDFS actions; Earn users were repaid in kind through a 2024 settlement.

What are Gemini's fees?

ActiveTrader charges 0.60% maker and 1.20% taker at the base tier, falling with 30-day volume to 0.00% and 0.02% above $250M. Simple app buys show a fee per order on the review screen, plus a spread. Debit card deposits cost 3.49%.

What is Gemini ActiveTrader?

ActiveTrader is Gemini's order-book interface with maker and taker fees set by 30-day volume or asset balance. Tiers recalculate daily at about 2am UTC. It is separate from the simpler app mode, which uses per-order fees and a spread.

Gemini vs Coinbase: which costs less?

At base tiers, Gemini ActiveTrader charges 0.60% maker and 1.20% taker. Coinbase Advanced has its own volume tiers and Coinbase's simple buys add a spread plus a fee. Compare current schedules for your volume, since both change tiers and promotions.