The short version
- Score: 2.8/5, ranked 14 of 16 exchanges we rate
- Strongest: Access (5.0/5)
- Weakest: Fees (0.6/5)
- US users: accepted
This review is generated from public evidence. Every point below links to the fee page, license, audit or report it came from, and the same rules score every exchange we cover. Evidence was last checked on Sep 30, 2026.
Blocklr score: 2.8/5
| Category | Score | Weight |
|---|---|---|
| Security and trust | 3.2/5 | 40% |
| Fees | 0.6/5 | 20% |
| Features | 2.9/5 | 15% |
| Access | 5.0/5 | 15% |
| Support | 1.7/5 | 10% |
How Gemini earned its score
Security and trust: 3.2/5
| What we checked | Points | Why |
|---|---|---|
| Reserve assurance | 3 / 3 | Publicly listed: audited financial statements cover customer assets. source |
| Incident record since 2019 | 0 / 4 | 3 incidents since 2019. |
| Regulatory record since 2019 | 2 / 4 | 3 fines, bans or pleas since 2019. |
| Licensing | 3 / 3 | Licensed in the US or EU: New York trust company chartered and supervised by NYDFS, US state money transmitter licenses or equivalents (listed state by state). source |
| Account protection | 3 / 3 | Offers authenticator 2FA, passkeys or security keys, withdrawal allowlist. source |
Fees: 0.6/5
| What we checked | Points | Why |
|---|---|---|
| Spot taker fee (base tier) | 0 / 4 | 1.2% taker fee at the base tier. source |
| Spot maker fee (base tier) | 0 / 3 | 0.6% maker fee at the base tier. source |
| Free bank deposits | 1 / 1 | Free ACH or SEPA deposits. source |
Features: 2.9/5
| What we checked | Points | Why |
|---|---|---|
| Coins listed | 0 / 3 | About 76 coins listed. source |
| Products | 4 / 4 | Offers staking, futures, margin, trading API. source |
Access: 5.0/5
| What we checked | Points | Why |
|---|---|---|
| US availability | 3 / 3 | Available across the United States. source |
| Mobile apps | 1 / 1 | iOS and Android apps. |
Support: 1.7/5
| What we checked | Points | Why |
|---|---|---|
| Support channels | 1 / 3 | Offers 24/7 coverage. source |
Track record since 2019
Incidents
- 2024 · Data breach: June 3-7, 2024: an unauthorized actor accessed a system at Gemini's banking partner, exposing names, bank account numbers and routing numbers of about 15,000 customers. Gemini said its own systems and accounts were not affected. source
- 2022 · Withdrawal freeze: Gemini Earn withdrawals were frozen in November 2022 after lending partner Genesis halted withdrawals. On May 29, 2024 Gemini said Earn users received $2.18 billion of digital assets in kind, 97% that day and the rest within 12 months. Customers were locked out for about 18 months. source
- 2022 · Data breach: December 2022: email addresses and partial phone numbers of about 5.7 million Gemini customers were leaked after an incident at a third-party vendor. Gemini said its own systems, accounts and funds were not affected. source
Regulators and courts
- 2026 · Lawsuit dismissed (SEC): January 23, 2026: the SEC dismissed its 2023 lawsuit over the Gemini Earn program, citing the 100% in-kind return of Earn investors' assets through the Genesis bankruptcy. source
- 2025 · Fine or settlement (CFTC): January 13, 2025: $5 million civil penalty under a consent order over false or misleading statements to the CFTC in 2017 about a bitcoin futures contract. On May 27, 2026 the CFTC and Gemini jointly asked the court to vacate the order (bankingdive.com); no ruling was found. Amount: $5 million. source
- 2024 · Fine or settlement (NYDFS): February 28, 2024: $37 million fine for compliance failures tied to Gemini Earn, with a commitment to return at least $1.1 billion to Earn customers through the Genesis bankruptcy. Amount: $37 million. source
- 2024 · Fine or settlement (New York Attorney General): June 14, 2024: Gemini agreed to return about $50 million of digital assets to Gemini Earn investors and was banned from operating any crypto lending program in New York. Amount: $50 million. source
Who Gemini fits
A good fit if
- You are in the US and want a licensed exchange.
Think twice if
- Fees matter most: the base taker fee is 1.2%.
- You want proof of reserves: none was found.
Goes to the official site. Blocklr earns nothing from this link.
Frequently Asked Questions
Is Gemini available in the US?
Yes. Gemini is available across the United States. Gemini's areas-of-availability page lists 52 US jurisdictions, including New York and Hawaii.
What are Gemini's trading fees?
At the base tier, Gemini charges 0.6% for maker orders and 1.2% for taker orders on spot trades. Fees fall as your monthly volume rises.
Has Gemini been hacked?
We found no hacks of Gemini since 2019.
How is Gemini's score calculated?
Gemini scores 2.8/5. The score is calculated by fixed rules from public evidence, and the same rules apply to every exchange. No company can pay to change it.
About this review
Blocklr has no affiliate, advertising or sponsorship deal with Gemini or any other platform, so nothing here was paid for. Scores come from the rules in our review methodology. A fact we could not confirm scores as the lowest tier, which can make a score lower than it deserves. If something is wrong or out of date, tell us and we will check the source and correct it.