What is Gemini?
Gemini is a privately owned digital asset exchange where users can buy and sell over 90 cryptocurrencies. The Winklevoss twin brothers, who were Mark Zuckerberg's classmates at Harvard, founded Gemini Exchange in 2014. Gemini offers secure storage for more than 60 different cryptocurrencies.
How Gemini Exchange Works
At Gemini, a cryptocurrency exchange founded by the Winklevoss twins, users can set up automatic purchases to manage their investments efficiently. The platform provides a simple and secure environment for buying, selling, trading, and storing digital currencies. It features an intuitive interface designed for beginners, along with a more advanced trading platform for experienced traders. Gemini keeps the majority of its holdings in offline storage, ensuring the safety of users' investments. Users can set up automatic purchases by specifying the amount and frequency of their purchases, and securely store their cryptocurrencies in a Gemini wallet. In summary, Gemini is a user-friendly exchange that places a strong emphasis on security.
How to Trade on Gemini
The Gemini exchange operates nearly continuously, with only brief interruptions for maintenance. Similar to a stockbroker, it allows users to place market orders to buy or sell cryptocurrencies at the current market price. Gemini also supports more advanced order types, such as stop-limit orders. Unlike some other exchanges, Gemini does not offer margin trading or short selling. To trade on Gemini, users need to link a bank account and transfer funds electronically.