Gemini – Billionaire365

Trade Cryptocurrency Like A ‘Pro’ With Gemini 1.0.11 Android App

Cryptocurrency is still a very popular market despite its collapse that impacted it throughout the past months. However, you can trade cryptocurrency like a ‘pro’ with Gemini 1.0.11 Android app, and you can win money even when your favorite crypto coins are down-trending.

Gemini app is the application for Android designed by the devs behind the renowned Gemini crypto exchange, owned by the Winklevoss brothers. With Gemini, you can analyze the trending of cryptos, buy cryptocurrency, and even sell crypto coins to score a profit.

With a very straightforward sign-up process, Gemini app allows you to access graphs of your favorite cryptocurrency and buy and sell cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC), and more while keeping track of their market prices in real-time.

Besides, you can set price alerts so that you’ll always be aware when the most profitable opportunity strikes.

Trade Cryptocurrency Like A ‘Pro’ With Gemini 1.0.11 Android App

If you know nothing about Gemini and questioning its reliability, you should know that “Gemini is a licensed cryptocurrency exchange and custodian that allows customers to buy, sell, and store cryptocurrency. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York Department of Financial Services and the New York Banking Law,” the official Gemini site reads.

Now, the Gemini 1.0.11 Android app rolled out with some bug fixes and stability and performance improvements. Also, the Gemini Android app is now more secure than ever, so you don’t have to worry about that.

“We’ve squashed some bugs and improved the performance of our graphs, as we continue working to provide you with the best Gemini experience you can hold in the palm of your hand,” the devs behind Gemini 1.0.11 Android app reported in the release notes of the new version of the application.

Anna Galvez

Gemini Crypto Trading Platform Agreed With An Insurance Company For Covering The Cryptos In Its Custody

The Gemini crypto trading platform, owned by brothers Tyler and CameroWinklevossss, announced yesterday that it had succeeded in obtaining insurance coverage for the cryptocurrencies it holds in custody.

Yusuf Hussain, Director of Risk at Gemini, pointed out that the large number of hackers that attack crypto exchange platforms, which have resulted in substantial losses, is the main reason for the cautious attitude of the insurers regarding these crypto-related businesses. Hussain also refers to the poor standards, policies, and procedures that have characterized much of the crypto industry, as other reasons for the lack of confidence of insurers.

“As a result, many crypto trading platforms have been unable to obtain insurance or have rejected insurance proposals because of the high cost of policies set by the few insurers offering plans. However, we were able to convince insurers that Gemini is indeed a safe platform and custodian, where customers can buy, sell and store their digital assets in a regulated and secure manner,” stated Yusuf Hussain.

Gemini crypto trading platform agreed with an insurance company for covering the cryptocurrencies in its custody

This new move covers for Gemini’s cryptocurrencies in custody and complements an insurance policy on US Dollar deposits already offered by Gemini through the Federal Deposit Insurance Corporation (FDIC), as Hussain added.

Gemini also highlighted that it holds several insurances for an accumulated amount that is greater than the value of the cryptocurrencies in custody on the user’s behalf. However, unauthorized access to clients’ and platform’s accounts are not covered by the newly signed insurance plan, said Gemini in the user agreement, which also emphasizes that the only person responsible for maintaining the security of account access credentials is the customer.

The security incidents affecting crypto trading platforms represent one of the most notorious vulnerabilities in the crypto industry. Also, these businesses are mostly centralized, which contrasts with the philosophy of decentralization promoted by the majority of cryptocurrencies. Accordingly, the safest option to store cryptocurrencies remains a cold wallet.

Anna Galvez