As of now, Gemini does not pay interest on bitcoin deposits. However, they have been talking about introducing this feature in the future.
For now, if you want to earn interest on your bitcoin, you’ll need to look elsewhere. There are a few options available, though none of them are as convenient as Gemini. .
NOTE: WARNING: There is no information available that suggests Gemini pays interest on Bitcoin. If a person claims to offer such a service or product, it is likely a scam. Investing in cryptocurrency carries risk and anyone considering doing so should research the asset they are looking to invest in and understand the associated risks before investing.
Still, if you’re looking to earn interest on your bitcoin, there are a few options available. You can use a service like BlockFi or you can simply put your bitcoin in a wallet that supports interest-bearing accounts.
While neither of these are as convenient as Gemini, they will still get the job done.
In the future, it’s very likely that Gemini will start paying interest on bitcoin deposits. For now though, you’ll need to look elsewhere if you want to earn interest on your bitcoin.
4 Related Question Answers Found
Gemini, one of the most popular cryptocurrency exchanges, does not currently offer a Bitcoin wallet. This may come as a surprise to some, as Gemini is one of the most trusted exchanges in the industry. However, there are a few reasons why Gemini does not offer a Bitcoin wallet.
Gemini, one of the world’s largest cryptocurrency exchanges, offers its users the ability to earn interest on their Bitcoin holdings. The interest is paid in Gemini Dollars, the exchange’s native cryptocurrency. Gemini first launched its cryptocurrency lending program in March 2020.
Gemini is a digital asset exchange and custodian founded in 2014 that allows customers to buy, sell, and store digital assets such as bitcoin, ether, and zcash. Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). Gemini’s mission is to build trust in the crypto ecosystem through innovation, compliance, and security.
It’s a common misconception that when you buy Bitcoin on an exchange like Gemini, you “own” the Bitcoin. In reality, what you’re actually doing is buying a fraction of a Bitcoin on behalf of the exchange. You’re essentially giving the exchange money and trusting them to hold onto the Bitcoin for you.
