What is Bitcoin?
Bitcoin is the world's first decentralized digital currency, created in 2009 by an anonymous person or group of people known as Satoshi Nakamoto. It is a digital form of money that is not controlled by any central bank, government, or other financial institution. Bitcoin is a peer-to-peer network, and transactions are verified and confirmed by a distributed network of computers.
What is Gemini?
Gemini is a digital currency exchange based in the United States. Founded in 2014, Gemini allows users to buy, sell, and store digital currencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Gemini also offers an institutional-grade custodial service, allowing users to securely store digital assets.
Is Gemini No Longer Free Withdrawal?
Gemini has recently started charging a fee for withdrawals of certain digital assets, including Bitcoin, Ethereum, and Litecoin. The fee is determined by the size of the withdrawal and is subject to change. The fees are relatively low, ranging from 0.001 to 0.005 BTC depending on the size of the withdrawal. However, this can add up over time, so it is important to be aware of the fees before making a withdrawal. Additionally, Gemini does not charge a fee for withdrawals of Bitcoin Cash or other digital assets that are not listed on their website.