What you should know about Gemini Wallet
- Security First: Gemini utilizes cold storage and hardware security modules (HSMs) for custodial funds, but users should enable 2FA and address whitelisting for maximum protection.
- Custodial vs. Self-Custodial: The standard exchange wallet is custodial (Gemini holds the keys), while the Gemini Wallet® mobile app offers a self-custody option where keys are managed on your device.
- Zero Setup Fees: Opening a Gemini account and using their basic wallet services carries no setup or maintenance fees, though standard trading and withdrawal fees apply.
- Regulatory Compliance: As a licensed New York trust company, Gemini undergoes regular audits and maintains high standards of compliance and insurance for its custodial assets.