Gemini, a popular NY-based cryptocurrency exchange, has a range of services available for all levels of traders. It’s gained a reputation for security and transparency, and the platform has actively sought regulation. Many traders use it to sell Bitcoin for fiat money safely. However, the platform can be expensive to use regularly, and it can take days before your money clears in your bank account.
We will look at the pros and cons of selling your Bitcoin with Gemini. We’ll also look at other gemini alternative methods that let you instantly sell your crypto.
Founded by the Winklevoss twins in 2014, Gemini is a prominent cryptocurrency exchange focusing on security and transparency. Based in New York, the platform is regulated by the New York State Department of Financial Services. It operates in over 60 countries worldwide and has more than 13.6 million customers worldwide.
Gemini is a versatile trading platform with products and services to suit users at any level, including a streamlined exchange for retail traders and an advanced ActiveTrader view for professional investors
However, the fees on Gemini differ from most other exchanges. Gemini operates a tiered fee system that depends on the amount you’re selling and even the site you’re using. For example, the mobile and desktop sites have different fee schedules. Transactions under $50 can incur fees as high as $2.99, and for any transactions under $10, fees are about 10%. While the fees can be pretty low for more significant amounts, they can be expensive for users who want to sell small amounts for day-to-day usage.
The exchange has a long history of consumer trust and security. However, in 2022, hackers gained access to the personal information of 5.7 million users. Gemini claims this to be a third-party issue. Like most crypto exchanges, the level of customer service available is relatively low, and it’s regarded as mainly a “self-service” exchange.
Gemini offers a range of services to suit users at any level. However, the fees involved in selling crypto can be complex, with excessive fees for users who make regular small transactions. Selling Bitcoin on Gemini, like any exchange, involves multiple steps, including transferring funds to Gemini, trading, selling, and transferring to your bank account. Even then, some banking providers will block any transactions from a Bitcoin exchange as part of their security protocols.
Let’s look at the pros and cons of Gemini as a platform for selling Bitcoin:
Selling Bitcoin doesn’t have to be so complicated. That’s why Bringin lets you sell your crypto instantly at low fees directly to your bank account.
Our user-friendly platform lets you buy or sell Bitcoin in just a few clicks—no complex multi-step process or days of waiting for your transaction to clear. We charge a fixed fee of 1%—no hidden fees or complex fee schedule.
We offer two ways to sell your crypto:
We also provide each user with a dedicated IBAN account. All payouts are made from the IBAN account straight to your bank account. This prevents issues with your banking provider, such as blocked or flagged transactions.
When you open an account with Bringin, you must complete a simple verification process. Once you’ve completed this check, you can start selling your crypto immediately. Here’s how:
1) Choose the Bitcoin payment method – on-chain or lightning
2) Choose the withdrawal method – Virtual debit card or Bank withdraw
3) Pay the invoice, and that’s it.
You will receive Euro in your bank account in a minute if the beneficiary bank account supports SEPA instant.
And that’s it!
A simple, no-fuss, and effortless Gemini alternative for selling crypto that saves you both money and time.
Contact us at [email protected]
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