Gemini’s New Feature: Buy Crypto with a Tap!

If you thought cryptocurrency was only for tech wizards and blockchain enthusiasts, think again! Gemini, one of America’s leading cryptocurrency exchanges, is making it easier than ever for even the most casual investors to jump on the crypto bandwagon.

Fee Structure: What to Expect

Now, when you look at buying crypto using Apple Pay or Google Pay, keep your wallet handy! The fees outlined by Gemini for these new purchases mirror the traditional debit card fees. So, brace yourself for a 3.49% slice of your purchase going to Gemini whenever you opt for a debit card transfer. However, if you’re feeling generous and want to go through wire transfers or even crypto-to-crypto deposits, those fees won’t cost you a dime.

Available Cryptocurrencies: A Diverse Portfolio

What can you buy with Apple Pay or Google Pay on Gemini? The list is extensive! Users now have access to over 30 cryptocurrencies. You can snag yourself some Bitcoin (BTC), dive into Ethereum (ETH), or even scoop up Litecoin (LTC). Did we mention Bitcoin Cash (BCH)? There’s more—even Ethereum-based gems like AAVE and Maker’s MKR are part of this digital buffet!

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Bitcoin Cash (BCH)
• AAVE
• MKR

However, just be aware that the DAI token is currently taking a rain check on this feature.

Quick Withdrawals: Your Money, Your Rules

Instead of waiting an eternity to get your crypto out, Gemini users can breathe a sigh of relief. Funds from purchases made using Apple Pay or Google Pay are available for withdrawal just ONE HOURLY after you hit that purchase button. Don’t you just love instant gratification?

The Bigger Picture: Crypto and Traditional Finance Unite

As if we didn’t already know, this integration is just one of many signs showing how the cryptocurrency ecosystem is finding cozy accommodations in the realm of traditional finance. For instance, just last February, major payment processor BitPay rolled out its integration with Apple Pay. They’re not alone! Companies like Simplex have also jumped on the bandwagon, allowing users to buy specific cryptocurrencies through Apple’s digital payment service.

Overall, it looks like we’re headed toward a future where paying with crypto—just like swiping your card or tapping your phone—is the norm. Gemini’s latest feature might just be the first brick in that impressive wall.