How to buy Bitcoin through Gemini?
Gemini Trust Company, LLC (Gemini) is a cryptocurrency exchange that allows traders to buy, sell, and store assets digitally. Tyler Winklevoss and Cameron Winklevoss are the founders of Gemini which was established in the year 2014. It went live in 2015 in the United States and later on it gained popularity by mid-2016. It was also launched in Canada, and the United Kingdom.
Gemini is a cryptocurrency that has an official website and mobile app for storing, selling, buying, and spending cryptocurrencies. Ever since 2014, Gemini has introduced many features such as a payment app, an interest-paying saving account, a trading platform, and a credit card.
Competitors of Gemini are Coinbase and Kraken. Gemini supports trading in more than 120 cryptocurrencies and it also has its currency named Gemini Stablecoin.
Gemini also offers crypto trading as well as the exchange of services. But Gemini can be complicated to use by beginners. It does not allow low trading volume with this it charges high fees based on market prices and the fees also include spread and the fees per transaction.
Customers have to link their bank account and initiate a wire transfer.
Bitcoin future contracts were first introduced by Gemini in the year 2017.
Now, after getting to know some basics of Gemini we further move on to the process of buying Bitcoin after Gemini sign in.
Steps for buying Bitcoin through Gemini:
Gemini platform operates 24/7 daily. There are different procedures for purchasing Bitcoins and it varies from webpage to app.
Let’s begin with the purchases of Bitcoin through Gemini on the web but before that don’t forget the Gemini sign-in and after that:
- Select your desired Bitcoin from the market page displayed on the web.
- Select the option “buy” and then decide what to buy whether single buy or recurring buy (recurring buy allows the customers to plan their future purchase by selecting the number of times they want to purchase it when to purchase, and the amount of purchase).
- Enter your order amount and then click on “Continue”.
- Select your desired payment method and then move toward the confirmation screen.
- Check your order and then confirm it to make the purchase and it will execute immediately.
We will now look at the steps of purchases of Bitcoin through Gemini on the app:
- At the bottom left of your mobile screen click on the “Market” tab.
- Pick out the crypto you would like to buy.
- Click on “Trade” and then “Buy”.
- Again select single or recurring buy.
- Enter the amount of purchase and then click on “continue” to select the payment method.
- Check your trade and confirm it for immediate execution.
Conclusion
There is the ease of buying Bitcoin through Gemini and it also provides security between the two transactions. It has an easy interface for new users after their Gemini sign-in and also an advanced interface for experienced users. This also provides a learning aid for beginners. Both Gemini and Coinbase provide the same facilities therefore, it is advisable to compare the services provided by them and then decide which one is more suitable for you.
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