Welcome to this post, where we are going to see how you can buy and sell cryptocurrencies in Gemini in the best possible way, and without errors.
The first thing we are going to need, is to have funds in our Gemini account. If you don’t know how to do it, on our website you can find a step-by-step guide to deposit funds in Gemini in every possible way.
Gemini is a very simple and intuitive platform, which makes buying cryptocurrencies very easy, and different from other more professional or complex platforms.
In order to purchase cryptocurrencies on Gemini, you can do so directly with your payment method that you have indicated. When you create your account, you will be prompted for a payment method where you can add a credit or debit card to buy cryptocurrencies. If you did not add it, in your profile, you can go to payment method, and add the information to be able to start buying and selling cryptocurrencies on Gemini.
With the payment method indicated, it is as simple as clicking on the cryptocurrency you want to buy in the desktop version, the app operation is very similar. In the buy part, it will first ask you what type of purchase, if it is a one-time purchase, every day, every week, every two weeks or every month. This is a way to buy an asset every so often, and thus buy both when it has a lower price, and when it has a higher price. To avoid entering at the time when the price of this cryptocurrency is at its highest.
Once you have selected this, usually you will select in single purchase, the next thing is to indicate the quantity. You will be able to see different price options, and you can click on customize to indicate a specific number that is not in these options. Also, remember that the amount you indicate is in the currency you have indicated, whether it is euros if you live in Europe or dollars if you are in America.
The last step is to click on continue and select the payment method, which is by default the one you indicated when you created your account. If you select the method you will be able to see all the information such as card payment fees and the platform’s commission.
Click on confirm, and confirm the transaction with your bank if verification is required using the app or with an SMS. With the purchase done, you will be able to see in your balance the amount you have and in your assets the cryptocurrency you have bought.
To sell, we will go to the same panel above, but in the sell part and the operation is the same. Click on the cryptocurrency you want to sell, the euro wallet or your currency in Gemini will be where you will receive the amount sold in your currency. We indicate the amount and below you will see the approximate amount you will receive in your currency. Click on review order and confirm the transaction. You will see a success message and you can go to the main panel to see the amount you have sold in your currency.
Finally, we have the option to convert. That allows us to switch from one cryptocurrency to another in an easy and simple way. Instead of buying again with your credit card or payment method, you can use cryptocurrencies you have to get another one that you may find more interesting. Therefore, we will click on the cryptocurrency we want to exchange for another one. Here, in from we select the cryptocurrency we have and in to the one we want to get. Sometimes you can only convert to bitcoin or ethereum and not to any cryptocurrency.
Indicate the amount you want to exchange the cryptocurrency for another one and click on review order. You will be able to see the commission, what you pay and the exchange rate, and if you are satisfied click on convert now. You will see a message that your order has been sent, and if you go to your assets, you will see how you have the cryptocurrency you have exchanged.
I hope it has helped you to know more in detail how to buy and sell cryptocurrencies within Gemini. Remember that if you don’t have an account with binance, you can create one just below.