Learn How To Trade On Gemini Cryptocurrency Exchange
Table of contents
Story Behind Gemini Cryptocurrency Exchange
Gemini is mostly known for its founders, the Winklevoss twins who once sued Mark Zuckerberg for stealing their idea of Facebook. The twins were among the first Bitcoin billionaires who had more than $11 million worth of Bitcoin by 2013. Gemini cryptocurrency exchange was launched later in 2015 and became the first regulated Bitcoin exchange in the US. This was the primary reason the platform got so much attention immediately and got the title among top cryptocurrency exchanges.
This was not the only reason the exchange earned so much attention, but it includes other factors such as appealing and intuitive interface, low fee on trading that varies between 0 to 0.25%. The more the volume of trades, the less the trading charges. So, we guess if you are here and reading this, you are already interested in trading on Gemini. Trading on Gemini exchange is as simple as ABC, but you will need some basic knowledge of cryptocurrency and trading before getting started with the procedure. If you still need help, use the step to step guide mentioned below to know how to buy.
How to Sign Up On Gemini?
Singing up on the Gemini exchange is straight forward. You would need to provide some necessary details like your full name, email address etc. To get started, visit the official website of Gemini first and hit the register button on the home page. Select whether you want to create an account for personal use or institutional use. Once, you select your option; you would have to fill up your details and provide them with your email address. After that, you need to verify your email by clicking on the link sent to your inbox. Your Gemini account is created as soon as you confirm your email and you can continue with the next step.
Provide your ID verification
Like most other exchanges, Gemini also requires ID verification for trading on the platform. You cannot take the benefits of its services without verifying yourself. But before you get started with the verification, we suggest you enable two-factor authentication first. You get the prompt to enable 2FA and provide your mobile number just after creating an account on Gemini. Two-factor authentication put a second layer of protection on your account to keep it safe from unauthorised access. Once you verify your mobile number and enable 2FA successfully, continue with your ID verification.
To verify your ID on Gemini cryptocurrency exchange, you need to provide some of your personal details like date of birth, home address and valid ID proof. After you submit all the necessary documents and details, the exchange will verify it and respond to your through email.
Deposit Funds into Your Gemini Cryptocurrency Exchange Account
To trade crypto on Gemini, at first you need to transfer funds into your account. Then you can use it for making your purchase or exchanging it for other cryptocurrencies. To know how to deposit funds into your account, follow the steps below:
How To Trade On Gemini with USD?
Use the steps below to start trading on Gemini cryptocurrency exchange with your deposited currency.
In case you are purchasing cryptocurrency using Bitcoins, you need to first put a request for the ActiveTrader user interface. Once you will get upgraded to the next tier, trade with cryptocurrency pairs.
Conclusion:
We hope you've successfully bought cryptocurrencies from Gemini cryptocurrency exchange and made profits from it. In case you want to sell out your currencies, you can follow the same procedure and select "sell" instead of "buy" when asked. Once, you make profits and complete with your trading, it's smart to withdraw your funds right away from your account. No matter how safe your exchange is, there' are always chances of it to get hacked. So a smart trader would never keep their currencies in the exchange account.
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