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Gemini Cryptocurrency Exchange in Singapore
Gemini is a next-generation virtual currency exchange and custodian that makes it simple for customers to buy, sell, and store cryptocurrencies.
Background Information About Gemini
Headquartered in New York, United States, Gemini was founded in 2014 by Cameron Winklevoss and Tyler Winklevoss with an aim to build a bridge to the future of money. In addition to a host of platform choices, Gemini also allows users of wallets to store tokens in an insured hot wallet or institutional-grade cold storage system without worrying about digital asset theft.
With a mission of making the crypto revolution happen, Gemini’s goal is to build a world-class digital asset exchange and custodian-based platform in the world. It’s mission has enabled Gemini to build a good reputation worldwide with many users in Singapore vouching for Gemini Exchange.
Table of content
Pros
- Easy-to-use interface
- Gemini is a fully regulated exchange.
- App available on Google Play, iOS, and Galaxy Store
- 24×7 customer support available
- Supports multiple payment methods
- Compliant with banking laws
Cons
- Has limits on transfers
- Higher fees
How to create an account on Gemini in Singapore?
To create an account on Gemini from Singapore, you need to follow the below step-by-step process:
Step 1: Visit the official website of Gemini, and click on the “Get Started” button.
Step 2: After clicking on the “Get Started” button, you’ll be redirected to the registration page, where you have to fill in details like full name, email address and create a password.
Step 3: Next, you have to read and accept the user agreement and privacy policy of the company and then click on the “Next” button.
Step 4: You will receive an activation email from Gemini to the registered email address. You need to open the email from Gemini and click the “Confirm Email” button.
Step 5: Next, you have to complete the verification process by filling in the requested verification details and uploading the necessary verification documents.
For proof of identity, you can use any Singapore government-issued ID card like a Singapore driving license, passport, or national ID card. For proof of address, you can either use a scanned copy of your bank statement, utility, cable, or cell phone bill.
After successful verification of your account, you can start trading at Gemini.
How do I fund my Gemini account in Singapore?
At Gemini, you have the option to fund your account with fiat or digital assets.
- Funding with Fiat Currency: To deposit funds in your account with fiat currency, you have to link your bank account with your Gemini account. To add your bank account, you have to navigate to the funding sources page and then choose the “Automatically link bank” option and follow the instructions.
- Funding with Digital assets: If you are looking to deposit supported digital assets, you must instruct their external wallet or the service provider holding the digital assets in order to initiate a withdrawal to their unique Gemini deposit address.
Bonus
Gemini
How do I Buy and Sell digital assets on the Gemini app from Singapore?
- Buying digital assets on the Gemini app
i) Open the Gemini app and tap on the “Market” button available on the bottom left of your screen.
ii) Next, select the digital asset you would like to buy
iii) Now click on the “Buy” button to begin your trade
iv) Here, you have the option to choose if you would like to make a “Single buy” or if you want to schedule a “Recurring buy”.
v) After selecting the type of buy, enter the amount you want to buy and then click on the “Review Order” button.
vi) At last, review your trade and then “Swipe to confirm” to execute your order instantly.
- Selling digital asset on the Gemini app
i) Open the Gemini app and choose the “Market” tab available on the bottom left of your screen
ii) Next, select the digital asset you would like to sell
iii) Click on “Sell” to start your trade
iv) Now enter the amount of the digital asset you want to sell, and click on the “Review Order” button available at the bottom of the screen.
v) Finally, review your trade on the next screen and then “Swipe to confirm” to execute your order immediately.
Free quently asked questions
1Is Gemini Cryptocurrency Exchange regulated?
Yes. Gemini is a regulated cryptocurrency exchange. It is a New York trust company that is regulated by the New York State Department of Financial Services (NYSDFS). The company is subjected to comply with the standard set forth by the NYSDFS and the New York Banking Law. In addition, Gemini is also a fiduciary and Qualified Custodian.
2Does Gemini Cryptocurrency Exchange support fiat currencies?
Gemini supports multiple fiat currencies such as USD, CAD, AUD, GBP, EUR, SGD, and HKD. However, the regulatory status of Gemini does not allow it to hold funds other than pound sterling (GBP) and Euro (EUR) for our European platform customers.
3Is there any limit on Wire transfers at Gemini?
Gemini does not enforce any limits on deposits; however, for withdrawals, the minimum amount should be $100.