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Gemini Review

Based in New York City with operations in the United States, Canada and the United Kingdom, Gemini Trust Company, LLC, is a fully regulated, licensed bitcoin and ether exchange. It trades in only three currencies: US dollars, bitcoin, and ether, which is a specific cryptocurrency that's growing in popularity but can only be used on the Ethereum platform. Individual and institution accounts are available from this exchange.

Security and compliance are some of the best qualities of this bitcoin exchange. It maintains complete compliance with all digital asset regulations and consumer protection laws throughout its processes. The U.S. dollars are FDIC insured. It protects its digital assets with a state-of-the-art cold storage system that stores information offline. The portion of digital assets that need to be online, called the hot wallet, are hosted by Amazon Web Services, which has tiered-access controls, multi-factor authentication, and dedicated hardware security modules.

The marketplace is open 24/7, and trades in three pairs: BTC/USD, ETH/USD and ETH/BTC. You can trade immediately by placing orders to buy or sell, with the orders fulfilled at any price or variety of prices by orders on the limit order book. You can also place limit orders to buy or sell, but these orders aren't enacted immediately unless another customer is willing to trade at the specified limit price or better. A limit order rests in the order book until it's fulfilled or you cancel it.

Customers trade from pre-funded accounts. There's no limit on deposits or withdrawals if you use wire, BTC or ETH transfers. If you use an ACH transfer, you can deposit up to $500 per day and $15,000 per month if you have an individual account or $10,000 per day and $300,000 per month if you have an institutional account. Withdrawals for both types of accounts using ACH transfers are capped at $10,000 per day with no monthly withdrawal limit. Those accounts that are in U.S. dollars are insured by the FDIC and held in a New York-chartered bank.

Gemini trades on a dynamic maker/taker fee and rebate schedule. This allows traders to receive up to a 0.15 percent rebate on liquidity-making trades, while takers are charged only up to 0.15 percent. The amount depends on gross trading volume and the buy/sell ratio over the past 30 days, and is reassessed every 24 hours. You can find practical examples on its website.

Gemini Trust offers an API that works for trade as well as for accessing transactions and order book data. Its help center is 24/7, but accessed through a request form online. Its website has a blog and FAQs with several articles about how to buy and sell bitcoins using the company's platform. The website doesn't have a bitcoin calculator but the homepage dynamically displays the latest bitcoin trades and shows the last price of bitcoin as well as the 24-hour range of prices.

Gemini Trust is a fully accredited and highly secure bitcoin exchange based in the U.S. that deals in three currencies only and offers rebates and fees on a maker/taker schedule.