The platform stresses that it can only be as secure as a user allows them to be. When it comes to security for its account holders, Coinbase uses multiple processes and methods. These audits and other security features are what make Gemini one of the best security exchanges on the market.Īdditional features that make the exchange so secure include KYC/AML requirements, 2FA (Two-Factor Authentication), whitelisting addresses, top-grade information encryption, and rate-limiting, which prevents brute force hacks. One other item worth noting is that the platform regularly submits itself to external evaluations and audits to ensure that it’s performing as well as possible. The platform uses the principle of least privilege, which means only the number of employees necessary to complete a task have the necessary privileges. Account and system access is granted based on an employee’s role, so a Gemini worker doesn’t have access by default. Gemini also uses strong governance and internal controls to provide additional security. Only a small amount is held in Gemini’s online wallet. Plus, most assets are kept in an offline storage system for safekeeping. This is clearly seen in any protocols or underpinned technologies that the exchange uses. Gemini looks to security any time it develops new features or builds new products for its platform. You’ll notice a security-first mentality throughout the platform, which can be the deciding factor for many investors when choosing a cryptocurrency exchange. It believes that protecting customer assets is of the utmost importance and prioritizes its platform. I don’t know about you, but no matter where I keep my money, I want to know that it’s secure.įortunately, both Gemini and Coinbase are at the top of their game when it comes to providing security for their respective platforms. With over 43 million investors from more than 100 countries, it’s hard to not to take the platform seriously.Īfter years of scrutiny and skepticism, Coinbase is finally gaining legitimacy as Bitcoin continues to gain traction in the mainstream trading community.Īs interest in cryptocurrencies grows, so too does the credibility of well-known platforms like Coinbase. The platform gave itself a significant credibility boost when it announced its plans to go public.Ĭoinbase will offer shares on Nasdaq under the symbol COIN. If that doesn’t give the exchange credibility, I don’t know what will. This is largely due to exchange being regulated by the NYDFS (New York State Department of Financial Services.)Īs a result, Gemini has earned that much more credibility as they relate to both institutional and retail investors.Īdditionally, the Winklevoss twins recently announced the launch of Nakamoto, Ltd, which will provide Gemini with the highest level of insurance provided in the crypto industry. When it comes to cryptocurrency platforms and exchanges, Gemini is regarded as one of the most reliable and trustworthy in the industry. What makes these exchanges worth using? How do we know they’re reliable and valid? Is Gemini safe to use? With more than 35 million users from around the world and over $220 billion in trading volume since it launched, it’s easy to see why Coinbase is one of the most popular exchange platforms on the planet. From 2015 to today, the platform continues to show significant growth, as has the amount of trades performed on a daily basis. Submitting to the SEC hasn’t impacted the exchange’s growth. This is easily observed since it was the first cryptocurrency exchange to agree to the regulations set forth by the United States Securities and Exchange Commission (SEC). On the other side of the USA sits Coinbase, located in San Francisco, California.Įstablished in 2012, the exchange has grown and expanded throughout the last decade as interest in Bitcoin and other altcoins continues to gain traction.Ĭoinbase has increased the number of crypto assets it supports and the number of members in its core team as a true sign of growth.Ĭoinbase is a worldwide exchange, even though it is located in the US and abides by its governing agencies. The platform is known for having security features that focus on protecting user funds, so you know your digital assets are safe in your online wallet. They began investing in Bitcoin and other popular cryptos and decided to bring the same opportunity to others.įor those of us who aren’t as clever as Cameron and Tyler, the name Gemini is a clever play on words since it’s the zodiac sign associated with twins. Well known Winklevoss twins Tyler and Cameron, started the platform with the settlement money they won from their lawsuit with Mark Zuckerberg. Gemini has been in New York City since its launch in 2015.
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