Gemini login has a tiered service with separate interfaces and fee structures for casual investors and hardcore traders. It has a mobile app, a payment app, and its own currency, the Gemini dollar. Unlike most cryptocurrencies, the Gemini dollar is a "stable coin" tied to the U.S. dollar.
Gemini has a banking relationship with a New York State-chartered bank, State Street, where all customer funds are retained.7 The platform's adherence to conventional banking requirements ensures that money in whatever form is backed by adequate monetary reserves.
While individual customers are given the default, zero-fee, depository account type, large institutional customers can opt for a segregated custody account type with an offline, secure, and auditable storage the company calls its Cold Storage system. The service is intended for use by institutional customers like mutual funds, gemini login (ETFs), and hedge funds.
Cryptocurrency owners can even earn interest on Gemini. In early 2021, a savings account feature called Earn was introduced that offers annual interest rates of up to 8.05% on cryptocurrency holdings, a hefty premium over prevailing bank interest rates for conventional money.