![]() ![]() 5: Easy To Useįinally, I personally find Gemini’s UI to be beginner-friendly and easy to navigate. Gemini simply gives this to its users for free. Other crypto exchanges may also offer free cryptocurrency withdrawals, but they usually come with requirements like making $X worth of trades in the past Y days or holding $Z worth of their native token in your account. There are many reasons why you might want to do so: to earn interest on lending platforms, to stake your crypto and earn rewards, or even just to keep it safe in your own crypto wallet. This makes Gemini a great platform to buy cryptocurrencies if you intend to transfer your crypto out to other platforms. However, Gemini absorbs this cost to allow users to make 10 free withdrawals, of any volume, per month. There are fees involved in terms of validating the transfer and processing the transaction on the respective blockchain network you’re using and these fees can be quite high. 4: Free WithdrawalsĪnother useful feature about Gemini is that it gives users 10 free cryptocurrency withdrawals each month.įor the less aware, transferring cryptocurrencies from 1 wallet or exchange to another isn’t free. I’ll talk more about how to trade other cryptocurrencies below. This slightly mitigates the previous point about Gemini allowing SGD trading since you’re restricted to BTC and ETH in order to enjoy low fees.īut, again, many other crypto exchanges don’t even allow trading in SGD, so even having only 2 cryptocurrencies – and major ones at that – is certainly better than nothing. I should also state here that trading in SGD is primarily supported on the mobile app, ie where fees are higher.ĪctiveTrader only has 2 SGD pairings that you can trade – Bitcoin (BTC) and Ether (ETH). If you don’t use ActiveTrader, the basic interface and mobile app charge a commission fee of 1.49% – which is ridiculously high, in my opinion. The caveat here is that you need to use Gemini’s ActiveTrader to enjoy these low fees, which can only be accessed via the web and not their mobile app. ![]() Gemini’s fees are also very reasonable for the convenience that it brings.Īt only 0.35% for trades placed using ActiveTrader, Gemini’s fees are considered competitive.įor reference, here are the fees of other crypto exchanges: ExchangeĮven though Gemini doesn’t have the lowest fees, it’s still considerably low. Gemini makes it a lot more convenient for us SG investors who are depositing SGD to invest in crypto. Next, on top of accepting SGD deposits, Gemini also allows trading directly in SGD.Īgain, most major exchanges only allow trading in USD or digital currencies like USDT/USDC. Most of them will accept fiat deposits only for larger currencies like USD, which isn’t ideal given that SG residents probably have most of their cash in SGD. If you’re new to cryptocurrency investing in SG, this may confuse you – how can something as simple as accepting SGD deposits be a selling point?īut the fact of the matter is that not all crypto exchanges accept SGD deposits. One great feature about Gemini is that they accept SGD deposits via bank transfer. Gemini also has unique features that make it stand out as an exchange compared to its competitors, and I’ll go through what these are. There are many crypto exchanges available to SG investors, but Gemini is the first one that I started with and I personally enjoy using it. In this post, I’ll introduce you to Gemini – a crypto exchange – and show you how you can buy your very first cryptocurrency in 4 simple steps. Or have you already decided to get started but are looking for a guide to walk you through the process? Disclaimer: This is not a sponsored post, but this article contains referral links that allow me to earn referral rewards at no cost to you if you choose to signup with my links, which helps me maintain the blog.Īre you thinking of getting started in crypto but afraid that it may be too foreign or complicated? ![]()
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