The crypto market has gained quite a lot of popularity in recent years as people are hastily looking to acquire a secondary, passive income.
We know it’s not an easy thing to do, especially if you are not accustomed to the latest crypto trends. But rest assured, acquiring a passive income is not impossible, per se.
With crypto exchanges, you can venture into all sorts of investment opportunities to earn some extra cash. Depending on your preferences, there are various types of platforms that offer different features and services.
Today, we’ll talk about YouHodler (read review) and Gemini (read review), two quite fascinating crypto exchange platforms that offer their users buying, selling, trading, interest earning, lending, and borrowing opportunities to maximise their yields.
Let’s start off by quickly examining and comparing some vital metrics, pros and cons, and then delve deeper into each platform’s features, fees, and security, to see which one is better suitable for your needs.
YouHodler vs Gemini: Interest Rate Comparison
| Header |  |
 |
|---|---|---|
BTC |
4.8% APY (First 0.1 BTC) |
1.01% APY |
ETH |
5.5% APY (First 1,5 ETH) |
1.26% APY |
USDT |
12.3% APY (First 20,000 USDT) |
Not available |
USDC |
12% APY (First 20,000 USDC) |
5.31% APY |
DAI |
12% APY (First 20,000 DAI) |
5.31% APY |
| Cell |
| Header | |
|
|---|---|---|
|
BTC |
4.8% APY (First 0.1 BTC) |
1.01% APY |
|
ETH |
5.5% APY (First 1.5 ETH) |
1.26% APY |
|
USDT |
12.3% APY (First 20,000 USDT) |
Not available |
|
USDC |
12% APY (First 20,000 USDC) |
5.31% APY |
|
DAI |
12% APY (First 20,000 DAI) |
5.31% APY |
| Cell |
YouHodler vs Gemini: Comparison Table
| Cell | |
|
|
Nunber of Coins |
57 |
90+ |
|
Minimum Deposit |
$100 |
No minimum deposit |
|
Withdraw Fee |
$5 to $50 fee for withdrawing – variable |
Up to 10 free coins withdrawal per month |
|
Pros |
– Instant fiat and crypto access and conversion – Earn, borrow, and trade – Impeccable security standards in place |
– Easy to use and navigate – Over 90+ cryptocurrencies available – Available in all 50 US states |
|
Cons |
– Higher loan fees – Unavailable to US and Chinese residents |
– Lower interest rates |
|
Website |
YouHodler vs Gemini: Comparison Table
| Cell | |
|
|
Number of Coins |
57 |
90+ |
|
Minimum Deposit |
$100 |
No minimum deposit |
|
Withdraw Fee |
$5 to $50 fee for withdrawing – variable |
Up to 10 free coins withdrawal per month |
|
Pros |
– Instant fiat and crypto access and conversion – Earn, borrow, and trade – Impeccable security standards in place |
-Easy to use and navigate – Over 90+ cryptocurrencies available – Available in all 50 US states |
|
Cons |
– Higher loan fees – Unavailable to US and Chinese residents |
– Lower interest rates |
|
Website |
Pros
- Interest earning, crypto lending, and advanced trading tools available
- Strict and rigid AML and KYC processes
- Based and regulated in Europe
- Outstanding 24/7 customer support and service
Cons
- Not available in China and the United States
- Interest rates for loans are high
Pros
- Very easy to navigate around and use – perfect for beginners
- Hot wallet insurance system
- Strong safety and security measures
- Available to use in all 50 US states
Cons
- Lower crypto interest rates
YouHodler vs Gemini Features
YouHodler offers the standard features and services as any other classic crypto exchange platform. Here, you can buy, sell, or trade with a wide selection of coins, venture into lending and borrowing of crypto assets, and earn interest on the cryptocurrencies you own.
If you wish to use YouHodler’s lending system, do note that there are two amazing assets you can utilise – MultiHODL and Turbocharge. These features enable you to multiply your earnings and achieve incredibly high yields.
This exchange gives its users access to advanced trading tools as well. Namely, you can buy crypto on leverage and then use the Turbocharge feature to boost your investments by using borrowed capital.
Gemini offers similar features and tools as YouHodler, with the addition of a nicely designed mobile app suitable for both Android and iOS users. Beginners will definitely enjoy this platform, especially on their smart devices, as it’s quite simple and has quick and easy buy and sell setup options.
The platform also offers an extensive support page and database so that users, especially beginners, can effortlessly find a solution to any issue.
As for experienced and advanced traders, Gemini offers an ActiveTrader feature, which presents various chart tools and order types, making it easy for users to execute trades.
This exchange has a native token named Gemini Dollar (GUSD). It is a US backed dollar stablecoin and Gemini allows users to make purchases with it in any retail store across the states using the Gemini app.
Winner – YouHodler
YouHodler offers many of the same features that Gemini does, but the addition of Turbocharge and MultiHODL features give it the edge here.
YouHodler vs Gemini Fees
These two platforms’ fees are in line with any other crypto exchange. However, do note that you need to pay close attention to deposit costs and withdrawal charges before you decide which platform to use.
You don’t want to end up getting charged for each withdrawal if you plan to do so multiple times in one month. That said, let’s take a look at both platforms’ fees and charges.
YouHodler doesn’t have any requirements on crypto deposits but does charge deposits using SWIFT bank wire in the amount of $25 USD or €25 Euro, depending on the currency. Furthermore, if you deposit using a credit card, you’ll be subjected to a 4.5% fee of the total amount, as for AdvCash account deposits, the fee is 1%.
Withdrawal fees are applicable and range from $5 to $50 if you use SWIFT and SEPA bank wire in Euro, and 1.5% or $70 for SWIFT bank wire in USD withdrawals. Bear in mind that there are also limits in place for withdrawals.
Namely, you’d need to withdraw at least $70 if you wish to use SWIFT bank wire in USD, a minimum of €500 for SWIFT bank wire in Euro or GBP withdrawals, and at least €50 for SEPA bank wire in Euro withdrawals.
Crypto withdrawals and crypto exchange fees are varied depending on the cryptocurrency and the amount you wish to trade with.
Gemini, on the other hand, has no minimum deposit requirements and offers up to 10 free withdrawals per month. The structure in place is a bit different than other crypto exchanges, and the fees vary depending on trade amounts. For example, if you trade with fewer than $200, you’d be charged $2.99, while for trades above $200, there’s a 1.49% fee applicable.
Moreover, if you make purchases using a Debit card, you’ll be charged 3.49% of the purchased sum, while all fiat withdrawals are free of charge.
Similarly to YouHodler, Gemini also has limits in place for bank transfers, with $5,000 daily and $30,000 monthly limits. Wire transfers, on the other hand, aren’t subjected to any limits whatsoever.
Winner – Draw
Even though Gemini slightly gets the upper hand, mainly because of the ten free withdrawals per month, it’s difficult to decide which exchange’s fees are better. Both have limits in place, and both have applicable fees on various services.
Number of Cryptocurrencies
YouHodler offers support for a total of 57 cryptocurrencies, while Gemini excels by providing support for 90+ coins.
Winner – Gemini
Gemini has more than twice the number of coins on offer compared to YouHodler, so it easily wins this section.
YouHodler vs Gemini Security
YouHodler’s platform is secured by SSL encryption, and it also employs an IP whitelisting feature. This is particularly handy if you want to ensure your device is the only device active on the exchange.
Just like many other crypto exchanges, YouHodler uses an offline storage system in the form of cold storage wallet, with LedgerVault being the custodian. This means that your funds, assets, and info are kept offline and are safe from any breach or cyberattack.
The platform enables multi factor authentication and follows the latest security standards and guidelines.
Gemini’s security protocols are also in line with industry standard protocols, such as wallet address whitelisting, two factor authentication (2FA), and a feature that will enable you to approve or disapprove which devices are used for logging in.
This platform boasts of being SOC-2 certified, with a digital asset insurance in place, and FDIC insurance package amounting to $250,000 in the event of a successful data breach.
Gemini’s full range of trading features can be accessed by completing a KYC (know your customer) process of verification, which includes attaching an official government ID.
Winner –Draw
Both YouHodler and Gemini follow and adhere to the latest security standards and protocols, it is again difficult to separate the two.
Verdict – YouHodler
If you are looking to earn maximum returns on your crypto, then YouHodler is the better choice. It offers higher rates compared to Gemini, plus the addition of Turbocharge and MultiHODL features can boost your savings even further. The downside is that YouHodler is not available in the USA, so if you are a US resident, you should use Gemini.
If you are looking for a crypto platform with a wider number of coins to trade, then Gemini is the one for you. There are more than 90+ coins on offer, and you can earn interest on more than 40+ of them. Which crypto interest platform you choose ultimately depends on your personal needs.
Overall Winner –YouHodler
Both platforms offer great features and similar fees, but we’re giving the advantage to YouHodler because of the unique tools like MultiHODL and Turbocharge. They packed all features to fit both professionals and beginners. Gemini is a platform whose benefits are impossible to overlook. With a decent number of cryptocurrencies and an easy-to-use interface, this platform is also a good choice, especially if you’re from US or China where YouHodler is not available.
Frequently Asked Questions
Still Researching?
If you are still undecided, you can read my full review on YouHodler (here) and Gemini (here) or have a look at my article on the best cryptocurrency savings accounts.
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