Beginners Guide To Gemini Earn
Gemini Earn is a lending program through which you may choose to lend your crypto to certain institutional borrowers and earn interest on your crypto.
Gemini is partnering with accredited third party borrowers including Genesis, who are vetted through a risk management framework which reviews our partners’ collateralization management process.
On the Gemini platform, customers can view their combined trading balance and Earn balance, as well as the interest they’ve earned. Interest is paid daily and will start accruing at 4 p.m. ET on the next business day after funds are moved to Gemini Earn.
What is APY?
APY is short for “Annual Percentage Yield” and indicates the interest you can earn on your principal over one year.
How to earn interest on crypto
It’s simple. Once you open a Gemini account, you can purchase any amount of cryptocurrency and immediately transfer it to Gemini Earn to start earning interest on your holdings.
Unlike other opportunities to earn interest on your crypto holdings, you can redeem and move your cryptocurrency back to your trading account (plus interest) at any time, with no minimums, and no transfer or redemption fees
Why choose Gemini?
Gemini is one of the safest cryptocurrency exchanges where you can buy, sell, store, and earn interest on bitcoin and other cryptocurrencies.
Industry-leading security
Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). We are subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law—on par with traditional financial institutions.
Crypto Security
The majority of your crypto is held in our offline, air-gapped Cold Storage system. Only a small portion is held in our online Hot Wallet, which is insured against certain types of losses.
Account Security
Two-Factor Authentication (2FA) is required when you log in to your account or make crypto withdrawals.
Competitive features and rates
Interest compounds daily. Deposit and receive more than 110x the average national interest rate2, with high-yield crypto returns.
Redeem your assets at any time. No hidden fees.
Withdraw your assets instantly. Gemini offers more flexibility than other high-yield cryptocurrency investments, with no minimums and no transfer or withdrawal fees.
Available in every U.S. state, Singapore, and Hong Kong.
No other cryptocurrency exchange or financial institution offers the opportunity for users to earn interest on crypto in every U.S. state, including New York. Gemini Earn is also available in Singapore and Hong Kong.
Earn on stablecoins
Stablecoins are digital assets that are tied to traditional fiat currencies and are designed to minimize crypto price volatility, while maintaining the mobility and utility of cryptocurrency. Gemini Earn supports stablecoins like Gemini dollar (GUSD) and Dai.
Beat inflation
Gemini Earn allows users to outpace inflation rates by receiving returns through stablecoins.
How Gemini Earn Works?
- On the Gemini platform, customers can view their combined trading balance and Earn balance, as well as the interest they’ve earned. Interest is paid daily at 4p.m. ET, on the following business day that funds are moved to Gemini Earn.
- Gemini partners with accredited third-party borrowers like Genesis, who are vetted through a risk management framework that reviews our partners’ collateralization management process. Additionally, on a periodic basis we conduct analyse of our partners’ cash flow, balance sheet, and financial statements to ensure the appropriate risk ratios and healthy financial condition of our partners.
- Gemini notifies customers when interest payments hit their accounts and users can check balances in real time. Gemini will continue to add high-quality partners in order to ensure competitive rates and allow users to diversify borrowers.