#Does gemini exchange report to irs plus
It offers 24/7 customer support via live chat and email, plus an extensive FAQ section on its site. VirgoCX’s trading platform and mobile app are intuitive and easy to use, even for beginners. VirgoCX offers 50+ cryptocurrencies, charges zero trading fees, and only charges spread between 0.5% – 0.95%, making it a cost-effective exchange. Introducing CoinSmart: Our #1-Rated Crypto Exchange In Canada #2 In Canada Here are a few reasons I recommend it over Gemini. Besides, those withdrawal fees will be pretty mean to your funds once your free withdrawals run out.įor this reason, I instead recommend that you consider using CoinSmart, our top-rated crypto exchange in Canada. Our Recommendationĭespite Gemini's neat features and its top-notch security measures, there's a big drawback to using it that doesn't allow me to recommend it completely, and that would be its high fees.Īlthough having access to 10 free crypto withdrawals per month and per crypto coin is nice, having to pay 1.49% in trading fees and 3.49% for fiat deposits with debit cards is simply too much: this would amount to thousands of CAD in the blink of an eye on larger crypto trades. For example, your 11th Bitcoin withdrawal in a single month would cost 0.001 BTC, which is roughly 60.29 CAD. It's worth noting that you can make up to 10 free crypto withdrawals per month for every different cryptocurrency, but extra withdrawals beyond these free withdrawals come with high fees. Gemini also charges a flat 0.5% above the current trading prices for mobile and web app users.Īs for its transaction fees, it has a fee structure similar to Coinbase in the sense that your fees are based on the amount of crypto traded, as shown below: Amount traded However, if you're using a debit card for purchases, you'll have to pay a 3.49% fee. Gemini's fees depend on the platform you're using for the most part, but they tend to max out at around 1.49%.
Gemini supports 48 cryptocurrencies in Canada.
#Does gemini exchange report to irs android
Gemini also offers a free mobile app with support for both the iOS and Android operating systems.īoth versions are highly regarded by mobile app users, who may use them to access many of the same features and functions as the desktop site. It allows you to keep track of your account, view your balance, grant you access to 24-hour change and percent changes in the same place with only one look. You'll also have access to the My Portfolio feature when using Gemini, and it's a feature that's definitely here to make your life easier.
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