Introduction
Gemini Earn is a cryptocurrency interest account feature offered by the Gemini exchange, allowing users to earn up to 7.40% APY on assets like BTC, ETH, stablecoins, and altcoins. Launched in 2021, it joins a competitive market alongside platforms like BlockFi, Celsius, and Coinbase.
👉 Explore Gemini Earn’s features
Key Features of Gemini Earn
Interest Rates:
- BTC: 1.65% APY
- ETH: 2.05% APY
- Stablecoins (DAI, GUSD): Up to 7.40% APY
- 50+ Supported Cryptocurrencies
Security:
- Operated by Gemini Trust Inc., a NYDFS-regulated custodian.
- SOC 2 Type 2 and ISO 27001 certifications.
- Funds are not insured in the Earn program.
Accessibility:
- Available in the U.S. and Singapore.
- No minimum balance or withdrawal fees.
How Gemini Earn Works
Gemini generates interest by lending user deposits to corporate borrowers (e.g., Genesis Global Capital) without collateral. Users assume all risks, as loans are unsecured.
Steps to Use Gemini Earn:
- Sign up for a Gemini account.
- Transfer funds to the "Earn" section.
- Earn interest daily; withdraw anytime.
Pros and Cons
| Pros | Cons |
|-----------------------------------|-----------------------------------|
| Competitive stablecoin rates | Low BTC/ETH rates vs competitors |
| Trusted regulatory compliance | No insurance for Earn assets |
| Beginner-friendly interface | Limited geographic availability |
Comparison with Competitors
| Platform | BTC Rate | Stablecoin Rate | Insurance |
|-----------|----------|-----------------|-----------|
| Gemini | 1.65% | 7.40% | No |
| BlockFi | 5% | 8.6% | Partial |
| Celsius | 6.2% | 8.5% | No |
👉 Compare crypto interest platforms
FAQs
1. Is Gemini Earn safe?
Gemini has robust security but does not insure Earn assets. Borrowers undergo rigorous checks.
2. How are interest payments calculated?
APY compounds daily and is paid out weekly.
3. Can I withdraw funds anytime?
Yes, but processing may take up to 5 days.
4. Who is eligible?
Only users in the U.S. and Singapore.
Final Verdict
Gemini Earn is ideal for:
- Users already on Gemini.
- Those seeking stablecoin yields with a trusted brand.
However, BlockFi or Celsius may offer better rates for BTC/ETH.
Tip: Diversify across platforms to balance risk and reward.