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Is Gemini a Scam?

gemini.comProceed with Caution
Risk Assessment
35%Risk Score
Medium Risk

Summary

Gemini is a crypto exchange founded by the Winklevoss twins. NY regulated, but Gemini Earn program had serious issues with Genesis bankruptcy.

Gemini core exchange is legitimate. However, Gemini Earn had serious issues. Avoid yield/lending products.

Company Information

Parent Company
Gemini Trust Company, LLC
Founded
2014
Headquarters
New York, NY
Stock
Private
Employees
1,000+

Trust Indicators

Concerns

  • Gemini Earn frozen (Genesis bankruptcy)high[source]
  • $37M fine from NY DFS (2024)high[source]
  • Earn users lost access to fundshigh[source]
BBB Rating
A
Trustpilot
1.4/5
BBB Complaints
1,200

💡 Recommendations

  • 1.DO NOT use Gemini Earn or lending
  • 2.Use only for basic trading
  • 3.Enable all security features
  • 4.Consider self-custody

📚 Sources

Gemini AboutNY DFS BitLicense ListSEC - Gemini Earn ChargesNY DFS - Gemini FineBBB Business Profile
Last updated: 2026-01-22

Disclaimer: This analysis is for informational purposes only. Information may be incomplete, outdated, or inaccurate. Our assessments should not be the sole basis for financial, legal, or personal decisions. Always conduct your own research and due diligence.