Please note that interest rates will vary by crypto.
Users can earn 2.05% APY on BTC and ETH and up to 7.40% for DAI and GUSD.
The New York-based exchange has inaugurated an interest-earning program called Gemini Earn. Gemini Earn will offer yield up to 7.4% APY. All 26 assets on the exchange are supported by the program. Only select members have access to it. However, the program will become available to all US customers in early February.
Gemini Earn supports stablecoins like Gemini dollar (GUSD) and Dai⁴. Stablecoins provide a way to earn interest while holding a cryptocurrency that is pegged to the U. Dollar to minimize price volatility. Learn more about using GUSD in Earn.
Does gemini accept credit cards?
Deposits and withdrawals on Gemini can be performed using BTC, ETH and US Dollars. Therefore, the deposit and withdrawal channels are as follows: Credit/debit card: Cards accepted are those of VISA, Master. Card, and American Express.
What are the benefits of the Gemini credit card?
Learn more about Mastercard benefits. Make a purchase with your Gemini Credit Card anywhere in the world where Master card is accepted.
This begs the query “Can I use a debit card on the Gemini exchange?”
Can I use a credit card on the Gemini exchange? Credit cards cannot be used on Gemini exchange. However, the “Gemini Credit Card” will be available later in 2021.
Make a purchase with your Gemini Credit Card anywhere Mastercard is accepted. Trade, transfer to Gemini Earn, or HODL (hold) them—you have full control over your rewards. †Up to $6,000 in annual spend, then 1% back on everything else.
How do I get early access to the Gemini credit card?
If you would like early access to apply for the Gemini Credit Card, please join the waitlist. For more information on credit cards please see our Help Article: How do I join the waitlist for the Gemini Credit Card?
Is Gemini earn FDIC insured?
Additionally, Gemini Earn is structured similarly to many non-deposit services offered by financial institutions and not insured by FDIC, SIPC, or any other governmental program, or Gemini. All loans are open-term and callable, and the customer’s experience is seamless with Gemini’s platform, allowing quick access to earn interest and redeem funds.