Can i buy bitcoin with my credit card on gemini

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Effortlessly earn rewards that can appreciate in value

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With the Gemini Credit Card, you can earn rewards in bitcoin, ethereum or 60+ other cryptos currently available on Gemini. It’s the only credit card that deposits your crypto rewards immediately. That means the crypto you earn lands in your Gemini account the instant you swipe, not a month later. 1 No need to time the market or pay trading fees. Earn bitcoin, ether, or any of your favorite cryptos simply by living your life, every day, every purchase.

Learn more about the fundamentals of Crypto on our Cryptopedia 101 page here.

Gemini is an institutional and retail cryptocurrency exchange service that is owned and operated by Gemini Trust LLC, a company which was set up by the famous Winklevoss twins (who famously had a running battle with Mark Zuckerberg over the ownership of the Facebook concept). Started in 2017, Gemini is one of the few regulated cryptocurrency exchanges in the world. The brand operates out of New York City, New York.

The Gemini concept was inspired by the Gemini space mission of the 1960s which pioneered spacewalks. Gemini Trust LLC is, therefore, saying to the world that it intends to take cryptocurrency trading brokerage business to new frontiers, breaking new grounds in the process.

Regulation

The state of New York has a regulatory body which oversees cryptocurrency exchanges operating within its jurisdiction. Gemini is the first licensed digital asset exchange for individuals and institutions. Gemini is regulated by the New York State Department of Financial Services (NYSDFS).

Reliability

Gemini is one of the safest exchanges to do business. Gemini is subject to the security, capital reserve and banking compliance requirements of its regulator. Therefore, traders with Gemini can afford to sleep with both eyes closed, knowing their monies are safe.

Trading Platforms

Users of the Gemini service can expect to do business using the following platforms:

Gemini Web Platform

Gemini offers users a very simple web interface that allows users to trade cryptocurrencies. The web interface can be of the regular UI variety or can be of the sandbox type. Access to the trading environment requires secure login details.

Gemini: A simple, elegant, and secure way to buy bitcoin and other cryptocurrency. Get started today!

The Gemini Credit Card® — 3% crypto back on dining, 2% crypto back on groceries, 1% on everything else. Rewards available in 60+ cryptos. Cardholders can now effortlessly grow their portfolio by simply tapping or swiping their card. A Gemini Mastercard®. Issued by WebBank.

Gemini allows you to securely buy, sell, and store cryptocurrency like Bitcoin, (BTC), Ether (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), Bitcoin Cash (BCH), Litecoin, BAT, Dai, Chainlink (LINK), and Web3/metaverse tokens like Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS), and Somnium Space (CUBE).

Gemini was built with a “security-first” mentality. Create price alerts to stay on top of the market, set recurring buys, build your crypto portfolio, and maximize your trading strategies.

Whether you’re an experienced trader or just getting started, Gemini has the tools for you:

BUYING IS EASY
We make buying and selling crypto easy: buy bitcoin, ether, bitcoin cash, litecoin, and more instantly. Linking your bank account is simple.

PRICE ALERTS
Create price alerts so that you can stay on top of the market and be alerted when the right moment strikes. Never miss a buying opportunity!

RECURRING BUYS
Schedule recurring buys for any amount and at any frequency, similar to how you contribute to your 401K or traditional savings account.

GEMINI STAKING
At Gemini, we simplify and secure the staking process, allowing you to stake your assets with confidence in just a few steps.

SECURITY & PROTECTION
Trust Is Our Product™. Our crypto storage system and wallet have been built by industry-leading security experts. We require two-factor authentication (2FA) for every account. You can secure your mobile app with a passcode and/or biometrics. We look forward to earning and maintaining your trust.

INVITE FRIENDS, GET BITCOIN
Earn $10 USD in bitcoin when you invite a friend to Gemini.

WELCOME ABOARD!
Crypto is about giving you greater choice, independence, and opportunity. Crypto is not just a technology, it is a movement. Welcome aboard!

SUPPORT ALONG THE WAY
We are here to help you on your journey. For assistance, questions, and feedback please email us at [email protected]

ABOUT GEMINI
Gemini is a regulated cryptocurrency exchange, wallet, and custodian that allows customers to buy, sell, and store cryptocurrency such as bitcoin, ether, bitcoin cash, zcash and more. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York Department of Financial Services and the New York Banking Law.

All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone

Copyright © Copyright 2022 Gemini Trust Company, LLC.™

Updated on

Nov 22, 2022

Finance

Gemini: A simple, elegant, and secure way to buy bitcoin and other cryptocurrency. Get started today!

The Gemini Credit Card™ — 3% crypto back on dining (up to $6K in annual spend), 2% crypto back on groceries, 1% on everything else. Rewards available in 60+ cryptos. Cardholders can now effortlessly grow their portfolio by simply tapping or swiping their card. A Gemini Mastercard®. Issued by WebBank.

Gemini allows you to securely buy, sell, and store cryptocurrency like Bitcoin, Ether, Dogecoin, Litecoin, Chainlink, Bitcoin Cash, Filecoin, Axie Infinity, Tezos, and Orchid. Gemini was built with a “security-first” mentality. Create price alerts to stay on top of the market, set recurring buys, build your crypto portfolio, and maximize your trading strategies.

Whether you’re an experienced trader or just getting started, Gemini has the tools for you:

BUYING IS EASY
We make buying and selling crypto easy: buy bitcoin, ether, dogecoin, bitcoin cash, litecoin, and more instantly. Linking your bank account is simple.

SUPPORTED ASSETS
We support your favorite cryptos including Web3 and metaverse tokens. Some of the cryptos you’ll find includ: Bitcoin (BTC), Ether (ETH), Gemini dollar (GUSD), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), Uniswap (UNI), Chainlink (LINK), Bitcoin Cash (BCH), Filecoin (FIL), Wrapped Filecoin (EFIL), Axie Infinity (AXS), Aave (AAVE), Dai (DAI), TerraUSD (UST), Enjin Coin (ENJ), Tezos (XTZ), Synthetix (SNX), Fantom (FTM), Maker (MKR), The Graph (GRT), Sushiswap (SUSHI), Polygon (MATIC), Compound (COMP), Basic Attention Token (BAT), Zcash (ZEC), 0x (ZRX), Amp (AMP) and more! With more to come!

PRICE ALERTS
Create price alerts so that you can stay on top of the market and be alerted when the right moment strikes. Never miss a buying opportunity!

RECURRING BUYS
Schedule recurring buys for any amount and at any frequency, similar to how you contribute to your 401K or traditional savings account.

GEMINI STAKING
Customers can simply and securely stake their assets and begin generating yield in just a few steps.

SECURITY & PROTECTION
Trust Is Our Product™. Our crypto storage system and wallet have been built by industry-leading security experts. We require two-factor authentication (2FA) for every account. You can secure your mobile app with a passcode and/or biometrics. We look forward to earning and maintaining your trust.

WEARABLE
Check your watch for crypto prices and receive price alerts and notifications on Gemini for watchOS.

INVITE FRIENDS, GET BITCOIN
Earn $10 USD in bitcoin when you invite a friend to Gemini.

WELCOME ABOARD!
Crypto is about giving you greater choice, independence, and opportunity. Crypto is not just a technology, it is a movement. Welcome aboard!

SUPPORT ALONG THE WAY
We are here to help you on your journey. For assistance, questions, and feedback please email us at [email protected]

ABOUT GEMINI
Gemini is a regulated cryptocurrency exchange, wallet, and custodian that allows customers to buy, sell, and store cryptocurrency such as bitcoin, ether, bitcoin cash, zcash and more. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York Department of Financial Services and the New York Banking Law.

All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone.

Crypto Exchange PlatformsGeminiCoinbaseMain platform featuresBeginner-friendly and secure interface, multiple buying and selling options, and ability to earn interest on stored cryptoUser-friendly platform designed for beginners, supports withdrawal to PayPal, and ways to earn cryptoFeesFixed fee for trades under $200 or 1.49% for trades over $200, 3.49% debit or credit card purchase0.50% per trade, 3.99% for credit card purchases, and 1.49% for Coinbase wallet or bank account purchasesNumber of cryptocurrencies supported63120+Security featuresTwo-step verification, FDIC-insured USD balances up to $250,000, Gemini Wallet digital insurance, U2F security with a hardware key, and cold storageTwo-step verification, FDIC-insured USD balances up to $250,000, cold storage, AES-256 digital wallet encryption, multi-signature wallets, and cold storageTypes of transactions supportedBuy, sell, trade, deposit, and withdrawBuy, sell, exchange, send, withdraw, and receiveMaximum transfer amount$5,000 daily and $30,000 a month for deposits and $100,000 daily for withdrawals via ACH. $1,000 daily for debit card purchases.$25,000 via ACH daily

Gemini vs. Coinbase: Features

Both platforms are suitable for beginner users, with straightforward user interfaces (UI), user-friendly mobile apps, and simple trading options. You’ll also get a digital hot wallet with Gemini and Coinbase and a nice selection of informational resources. But, each exchange offers some unique features. 

Gemini features consist of: 

  • The Gemini Earn program: Customers in all 50 states can earn interest on their net balance of certain crypto coins. Different coins earn different rates. Currently, Gemini Dollar earns the highest annual percentage yield (APY) at 8.05%. Dai earns 7.99% and Bitcoin earns 1.49%.
  • Third-party integrations: Gemini provides public API keys so you can connect other software tools, making Gemini an excellent option for fund managers or other institutional traders. 
  • Gemini Pay: Gemini has teamed up with more than 30,000 retailers allowing you to pay for purchases using your Gemini account and stored cryptocurrency. 

On Coinbase, beginner investors appreciate features, such as:

  • The ability to earn crypto while learning about investing via short videos
  • A watchlist feature to see price histories or receive alerts when prices go up or down
  • The built-in newsfeed with regular updates about the cryptocurrency market
  • Users can contribute to the Proof of Stake (PoS) network to earn an income on assets
  • The ability to deposit funds from altcoin sales to PayPal

Gemini vs. Coinbase: Supported Currencies

Gemini and Coinbase accept fiat currencies. Gemini supports seven types: USD, AUD, CAD, EUR, GBP, SGD, and HKD, while Coinbase supports three: USD, GBP, and EUR. However, Coinbase offers many more altcoins than Gemini does. For instance, you can’t purchase Dash, EOS, Cardano (ADA), and Ethereum Classic (ETC) on Gemini.  

Both platforms support popular currencies, including:

  • Ethereum (ETH)
  • Aave (AAVE)
  • Litecoin (LTC)
  • Dai (DAI)
  • Bitcoin Cash (BCH)
  • Chainlink (LINK)
  • Uniswap (UNI)

Gemini and Coinbase are always adding new cryptocurrency options, so the number of supported currencies can vary. Coinbase supports people residing in over 100 countries, whereas Gemini traders are limited to over 60 countries. The range of options for fiat currencies and international locations still puts both platforms in line with the best crypto exchanges.  

Gemini vs. Coinbase: Security

These popular exchanges adhere to the highest safety measures and U.S. regulations, making them a favorite for investors. J.P. Morgan backs both platforms, and Coinbase made its stock available on the NASDAQ in 2021 via a direct listing. Moreover, all USD balances on Gemini and Coinbase are covered by the Federal Deposit Insurance Corporation (FDIC) insurance on balances up to $250,000 per individual.

With Gemini and Coinbase, you’ll also get a two-factor authentication (2FA) process via short message service (SMS), or you can use the Authy app on Gemini or the Google Authenticator app on Coinbase. Plus, Coinbase says it keeps 98% of customer funds in cold storage, meaning it’s kept offline in safe deposit boxes or vaults. Gemini holds the majority of the crypto is held in an offline, air-gapped cold storage system.

Additionally, Gemini provides security options for institutional traders, such as defined user access role permissions for trading cryptocurrency or accessing the account. You can also look at devices that use your account or that are logged into it. Furthermore, you can set up address whitelisting involving a seven-day hold process, after which you can only use specific addresses for withdrawal. 

Gemini also insures the Gemini Wallet from security breaches or fraudulent actions. Coinbase insures users’ funds as well. However, the insurance doesn’t cover unauthorized access to your personal account, only breaches of Coinbase and their systems.

Gemini vs. Coinbase: Fees

Coinbase and Gemini charge higher fees than other popular exchange platforms. Coinbase now has a maker-taker fee structure on both the regular platform and Coinbase Pro. Previously only Coinbase Pro used this structure. For most trades you’ll pay 0.50%, but as trade size increases fees decrease. Different funding methods also incur fees with debit and credit cards costing more than ACH.

Gemini has a complex fee structure, especially on smaller trades. Trades under $200 incur small flat fees in various amounts. Trades above $200 incur a very steep 1.49% fee. However, you can get lower fees by using the Gemini ActiveTrader plan, which uses a maker-taker model with lower fees than Coinbase’s maker-taker fee schedule.

If you consistently pay via wire transfer, you can save quite a bit on Gemini since it doesn’t charge fees for wire transfers, whereas Coinbase does. Gemini API users may also have lower costs than web- or app-based users.

FeesGeminiCoinbaseBank account1.49%1.49%Wallet1.49% 1.49% Debit/credit cards3.49%3.99%ACH transferFree Free Wire transferFree$10 deposit, $25 withdrawal Crypto conversion1.49%0.50%TradesFee of $0.99 to $2.99 based on the amount or 1.49% for trades over $200Maker-taker fees normally 0.50% 

Gemini vs. Coinbase: Ease of Use

Coinbase and Gemini feature user-friendly web browsers and mobile application interfaces, a simple signup and trading process, and convenient educational tools. The mobile apps provide an experience similar to web browsers and receive favorable third-party customer reviews.

Gemini provides a robust, frequently asked questions (FAQ) knowledge base and several webinars. However, it recently launched an education platform, Cryptopedia, which includes cryptocurrency trading articles on currencies, security, trading, investing, and decentralized finance (DeFi). 

The Gemini exchange provides customer service via email or a web request, plus the company says it monitors social channels, such as Twitter, Facebook, Reddit, LinkedIn, and Instagram. Users can also chat online or reach Gemini on the telephone 24/7. 

Similar to Gemini, Coinbase provides a comprehensive knowledge database, including a section of articles for beginners, tips and tutorials, and market updates. Users can earn crypto by watching educational videos. Unlike Gemini, Coinbase doesn’t offer phone-based customer service or monitoring of social channels. There is a chat button as well as a contact form. The phone number is only for fraud and account locking situations, not general service.

What Are Gemini and Coinbase?

Gemini and Coinbase are crypto exchange platforms allowing traders to buy, sell, and trade various altcoins online. Both are U.S.-regulated exchanges, meaning they comply with anti-money laundering and know your customer (KYC) initiatives. 

People who want to start investing in cryptocurrencies use simple tools like the Gemini and Coinbase exchanges to get started and learn the tricks of trading. Although each platform is straightforward to use, complete newbies may prefer Coinbase’s streamlined view. 

How Do Gemini and Coinbase Work?

Coinbase and Gemini are cryptocurrency exchanges that serve as an online brokerage for consumer investors. Both cater to U.S. users and beginners. The account setup processes follow regulatory standards and are very similar. New users sign up for an account, verify their email address, and connect a payment method. In accordance with U.S. rules, both platforms require users to verify their identity and address. 

With Gemini and Coinbase, you can buy altcoin then store it until you want to withdraw funds to your digital wallet, or Coinbase supports withdrawals via PayPal. You also have the option to trade some currencies for others, called trading pairs.

Is Gemini Cheaper Than Coinbase?

In many common cases, your trade will be cheaper at Coinbase paying the 0.50% maker-taker fee vs. the 1.49% Gemini charges on trades over $200. However, if you use a credit card to pay for your cyrpto, you’ll pay 3.99% on Coinbase and 3.49% on Gemini. Moreover, Gemini doesn’t charge for wire transfers, whereas Coinbase charges $10 per deposit. 

If you opt for Gemini ActiveTrader, you’ll pay maker-taker fees that are lower than Coinbase for common trade sizes. However, at some larger trade sizes, the trend my flip.

Who Should Use Gemini or Coinbase?

Beginners will be comfortable using Gemini and Coinbase, as both are secure and user friendly. However, Gemini also offers features for institutional investors, allowing fund managers to track device use and access permissions. Plus, access to customer service is much easier on the Gemini exchange. 

However, new users may prefer the quicker onboarding process of the Coinbase platform, including earning crypto while learning about trading. The Coinbase exchange looks and feels slightly more accessible than Gemini.

How We Evaluated Gemini vs. Coinbase

We compared Gemini versus Coinbase by looking at shared attributes and differences for customer service options, security levels, and supported countries. Moreover, we considered the variety of cryptocurrencies available to trade, fiat currencies accepted, and deposit and withdrawal methods. We reviewed standout features, self-help guidance, and the popularity and ease of use for mobile applications to narrow down our options.

Written by Jane