Gemini vs GDAX cryptocurrency exchange overall score comparison reveals that Gemini has a higher overall score of 7.6, while GDAX gathered an overall score of 7.3. For an instant Gemini vs GDAX main metric comparison at a glance, take a look at the general overview table below. Our main recommendation for 2023 is eToro, which has also recently launched staking rewards for holders of Ethereum, Cardano or Tron.To represent the data of Gemini vs GDAX comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories.
#GDA VS GEMINI FEES PROFESSIONAL#
You’ll get a professional trading platform, leverage positions, lower fees, and a greater selection of supported cryptocurrencies. But for all the traders who seek high trading activity, the Gemini alternatives above can do the work for you. The bottom line, Gemini might be a good choice for institutions and high-volume investors since it offers users such high-security features and its strict regulatory framework. The trading fees range from %0.5 to %1.49 which is above the industry average. Fees: Gemini fees are considerably higher than other exchanges and CFD brokers.Supported countries: Gemini only supports the trading of cryptocurrencies in the United States, Canada, Hong Kong, and Singapore while eToro offers cryptocurrency trading in more than 60 countries.A social trading platform is the great advantage of eToro, allowing users of the community to connect and even copy trades of other successful traders using the CopyTrader feature. Usability: Reviews online indicate that Gemini’s trading dashboard is complex and its ActiveTrader trading platform which was designed for day traders is not as effective as another platform.Being regulated by CySEC, FCA, and ASIC, and registered with FinCEN, eToro can offer its services for residents in the US as well as in more than 60 countries around the world. Yet, the exchange is mainly regulated in the United States and has no additional licenses in other jurisdictions. Safety and regulation: There’s no doubt that Gemini is among the most regulated and secure exchanges in the industry.Payment methods: Visa, MasterCard, Diners, Visa Electron, Maestro, PayPal, Neteller, Skrill, Rapid Transfer, Wire Transfer, Sofort, and China Union Pay. Special Features: eToro provides the CopyTrader tool, which allows users to start trading cryptocurrencies by copying other traders automatically. Yet, eToro charges a currency conversion fee of 0.1%. You can see in our eToro review it has no withdrawal fees and no transaction fees. Furthermore, eToro is regulated by CySEC in Europe, FCA in the United Kingdom, and ASIC in Australia.Ĭryptocurrencies supported: Bitcoin, Ethereum, Bitcoin Cash, Ripple, DASH, Litecoin, Ethereum Classic, Cardano, IOTA, Stellar, EOS, NEO, Tron, ZCASH, Binance Coin, and Tezos.įees: Buy and sell spread. The company's branch of eToro USA LLC, which is registered with FinCEN, is authorized to operate in most states in the US. eToro also provides cryptocurrency trading across the USA. Since its foundation, Gemini has takes security quite seriously, but eToro has also made the necessary actions to ensure users' safety of funds and to protect itself against any cyber attack. The Forex and CFD broker, which was founded in 2006, offers margin trading for more than 15 cryptocurrencies through a user friendly and intuitive web-based platform. We have listed some of the main disadvantages of Gemini:ĮToro is one of the world's leading social trading platform with more than 4.5 million members. The US-Based crypto exchange has mixed reviews for a reason (the exchange has poor reviews on TrustPilot). There are some notable flaws in the Gemini exchange. Gemini is regulated by the New York State Department of Financial Services (NYSDFS) and is the first-ever licensed ether and Zcash exchange. This exchange is suitable for those who are interested in exchanging large amounts of fiat currency and but one of the top five cryptocurrencies offered by Gemini. Gemini has based its product on the needs of clients who want to find a secure cryptocurrency platform. However, the truth must be said, the Gemini platform (including the Gemini ActiveTrader) is not really a trading dashboard where you can execute a large number of trades. Gemini was specifically designed as a web-based platform that enables users to buy and sell digital assets and, if necessary, to store these cryptocurrencies on its own built-in electronic wallet.Īnd yet, with all the benefits that the exchange has to offer, there are some Gemini alternatives that enable traders a much more effective way to trade cryptocurrencies. Gemini has gained popularity since its launch and now has a market cap of over $26 million, counting with a large user base around the word.
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