Matrixport vs Gemini: Which Crypto Interest Account is Better?

Matrixport vs Gemini: Which Crypto Interest Account is Better?

Robert McDougall 

January 9, 2024

Cryptocurrency

Matrixport is a famous crypto financial services and digital asset platform enabling users to buy, sell, trade, invest, and earn on the most popular cryptocurrencies with great ease and efficiency.

Founded in Singapore back in 2019, the platform’s main mission is to allow its users to ‘Get More From Their Crypto’, as it is also marketed in its slogan. It’s one of the few crypto platforms that offer all types of financial services in a simple and unique way while also being incredibly safe and secure.

Gemini, on the other hand, is a US-based and FDIC regulated company, proudly claiming that it has ‘never-been-hacked’ due to its impenetrable security in place. It is a straightforward crypto platform with an emphasis on ease of use and various crypto exchange features and tools.

It supports over 90+ cryptocurrencies with a sleek and easy-to-navigate design, which is perfect for beginners.

Now that we got to know the basics of these two crypto giants, it’s time to delve deeper and find out each platform’s strengths and weaknesses. Let’s take a look at their pros and cons, interest rates, fees, features, and security standards in place to determine which one is the better choice of the two.

Matrixport vs Gemini: Interest Rate Comparison

Header

BTC

3% APY

1.01% APY

ETH

3% APY

1.26% APY

USDC

15% APY

5.31% APY

USDT

15% APY

Not supported

Cell
Header

BTC

3% APY

1.01% APY

ETH

3% APY

1.26% APY

USDC

15% APY

5.31% APY

USDT

15% APY

Not supported

Cell

Matrixport vs Gemini: Comparison Table

Cell

Nunber of Coins

15+

90+

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0005 BTC

ETH: 0.005 ETH

USDT (ERC-20): 10 USDT

USDT (TRC-20): 1 USDT 

USDC (ERC-20): 20 USDC

USDC (TRC-20): 1 USDC

Fiat: Free

Crypto: 10 FREE withdrawals per month

Pros

-  Various investment options available

- Mobile app available

- Instant crypto purchase options

- 24/7 customer support

- 10 free crypto withdrawals per month

- Earn interest on over 40+ coins

- Available across the US

Cons

- Not available in the USA

- Can only be operated via app

- No live chat support

- Lower interest rates

Website

Matrixport vs Gemini: Comparison Table

Cell

Number of Coins

15+

90+

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0005 BTC

ETH: 0.005 ETH

USDT (ERC-20): 10 USDT

USDT (TRC-20): 1 USDT 

USDC (ERC-20): 20 USDC

USDC (TRC-20): 1 USDC

Fiat: Free

Crypto: 10 FREE withdrawals per month

Pros

-  Various investment options available

- Mobile app available

- Instant crypto purchase options

- 10 free crypto withdrawals per month

- Earn interest on over 40+ coins

- Available across the US

Cons

- Not available in the USA

- Can only be operated via app

- No live chat support

- Lower interest rates

Website

Pros
  • Instantly buy and sell cryptocurrencies
  • Incredible security and safety standards
  • Huge 15% APY on stablecoins
  • $15 USD FREE bonus when you sign up with our link and deposit $300
Cons
  • No desktop application
  • Not available in the USA
Pros
  • Easy to use and beginner-friendly
  • Over 90 coins available to trade, and earn interest on 40+ coins
  • 10 free crypto withdrawals per month
  • Incredible security protocols and standards in place
Cons
  • Lower interest rates than Matrixport
  • No live chat support

Matrixport vs Gemini Features 

Matrixport is a true all-in-one investment platform with various crypto financial services and features. The company offers quite a robust set of solutions that are tailored to suit different types of crypto investors, regardless of their experience and insight.

Here you’ll be treated to a seemingly endless list of investment opportunities that yield high returns. Some of those best offerings include the following:

  • Smart Trend - product allowing you to earn 50% more yields
  • Dual Currency - read more about this product here
  • Best-Buy Fund - handpicked funds that serve to secure higher returns at minimal risk
  • Instant Zero-Fee Trading - buy and sell crypto with zero commission

Matrixport’s interest-earning feature is another useful asset, especially since it offers fixed-income products of up to 15% interest rate annually. This is by far the best feature available and surpasses all competitors when it comes to yields from earning interest. For those who are looking to maximize their investments, this tool will grant you higher returns than any other crypto platform out there.

With its smart crypto trading options, Matrixport also excels when it comes to its straight-up trading features. Namely, it provides the best rate while also being simple and fast, and all you need to do is just set the amount and confirm the transaction. This is an amazing product that will enable you to perform operations quickly and efficiently. If you’re looking to jump in on the action with ease and no hassle, then this product ticks all boxes.

Gemini, on the other hand, is a classic crypto exchange platform, with interest-earning opportunities included. There are more than 90+ coins to trade, and you can earn interest on 40+ of them, a good variety compared to Matrixport.

Gemini also offers their customers a feature called Gemini Pay, where you can spend your crypto in a store just like you would use fiat currency. There are no fees involved with this, and the transaction is quick and keeps your information private. All you need to do is download the Gemini App and use the Pay icon to choose the crypto to pay with, and use the barcode reader to scan your phone.

Gemini's mobile app and intuitive interface are designed to look beautiful while also providing services in a smooth manner. This is great for beginners who are looking for a platform with easy navigational features and fast operating procedures.

Winner - Matrixport

Matrixport wins this one easily since it provides a full range of crypto services, while Gemini is solely focused on its exchange tools and features. Additionally, with higher returns, Matrixport also outperforms Gemini when it comes to yields generated from potentially successful trading operations.

Matrixport vs Gemini Fees

Matrixport supports payments from many financing networks and banks, such as IBAN, SWIFT, ABA, and SEPA. Users can make purchases using their credit cards too.

Depositing on this platform is free of charge, and there are no fees for trading operations as well. This ensures users maximize their profits and receive higher returns. 

Withdrawing, on the other hand, is subjected to a small fee charge. Namely, if you conduct fiat withdrawals, you’ll be charged $30, while crypto withdrawals vary, depending on the crypto of choice.

Meanwhile, depositing funds on Gemini is free of charge if you do so via ACH or Wire transfers. If you decide to use a debit card, you’ll be charged 3.49% of the total amount.

When it comes to trading, there’s a 0.5% convenience fee in place, on top of a transaction fee which ranges from $0.99 to $2.99.

Gemini doesn’t have any fiat withdrawal fees. However, the platform has specific transfer limits in place, and they are the following:

  • ACH Bank Transfers - $5,000 daily, $30,000 monthly
  • Debit Card Transfers - $1,000 daily
  • Wire Transfers - No limits
  • Digital Assets - No limits

Withdrawing crypto from Gemini is free for the first ten withdrawals per month, which is an excellent perk. Most crypto platforms will charge crypto transfer fees for every withdrawal.

Winner - Matrixport

Both platforms charge specific fees for their services, but Matrixport is the better choice here as it has no trading fees.

Number of Cryptocurrencies

Matrixport supports some 15+ cryptocurrencies and coins, while Gemini has support for over 90+ cryptocurrencies and you can earn interest on more than 40 of them.

Winner - Gemini

 Gemini wins in this category by supporting a wider range of 90+ coins, compared to Matrixport's small range.

Matrixport vs Gemini Security

Matrixport is an incredibly safe and reliable platform and offers state-of-the-art security qualities and features. Cactus Custody is the custodian that supports this platform, offering a cold wallet storage system to safeguard users’ data and assets. This means that if a hack or cyber breach is successful, your data and funds will be safe from harm and you can rest assured that no loss will be applicable to your assets.

Matrixport employs FIPS 140-2 Level 3 security, with DeFi product integration and multiple data centres.

Gemini is also an impeccably secure platform with a cold wallet high security crypto storage and is SOC-2 certified. Additionally, the platform employs two-factor authentication (2FA) and an insurance package worth $250,000 per user.

Gemini prides itself as having never been hacked or breached, which further cements the platform’s status as one of the industry’s leading secure crypto companies.

Winner - Draw

While both platforms have top-notch security systems in place and both follow the latest security standards and protocols, they also employ similar features to safeguard users’ data. With that in mind, it’s difficult to separate these two, and this category ends in a draw. This is actually a good thing because no matter which platform you choose to use, you can rest assured that your assets are safe.

Verdict - Matrixport

Summarizing our article, we can safely state that Matrixport is one of the finest crypto financial services platforms out there. Its focus on helping investors gain access to a diverse portfolio of investment options while earning high yields is what makes this platform stand out from the competition.

Numerous features, such as buying, trading, interest-earning, loaning and borrowing, and crypto saving options, alongside an intuitive and easy-to-use mobile app, make this platform a great choice for all types of crypto enthusiasts.

Gemini is best suited for people who have security-first priorities as the platform is incredibly secure. The exchange is also perfect for crypto traders and investors who are looking for more dynamic transfers and withdrawal/deposit transactions.

While both platforms are suitable for beginners, overall, Matrixport is the better choice if you’re looking to use all available resources and want to venture into different types of crypto operations. For a limited time, if you sign up with this link, you also receive FREE $15 USD when you deposit into the 15% APY fixed income product.

Overall Winner - Matrixport

Matrixport is the better choice for earning interest on your crypto. Although it has fewer options than Gemini, the interest rates are higher, and they even have a bonus $15 FREE USD for new users with this link.

Still Researching?

If you are still doing more research before opening a crypto interest account, check out our detailed reviews on Matrixport (here) and Gemini (here), or our article on the best places to earn interest.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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