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June 2, 2021, 9:51 am

10 Best Games to Play, Enjoy, Learn to Make Profit and Repeat

by: The Financial Blogger    Category: Make Money Online

Image Source: Pexels

Are you looking for a fun way to learn more about the stock market? Well, it may come as a surprise that you can actually play games like fantasy stocks that will help improve your financial literacy and trading skills while making some profits on the side.

From learning about how loans work to how loan sharks exploit the borrowers and making the right money choices to how the stock market works, you can literally get your hands on any game of skills online.

So without further ado, let us look at some of the best games for all.

10 Financial Literacy Games to Help you Get Started and Continue

If you wish to learn about the stock market, you can play some of the best financial literacy games out there. These games usually work like fantasy sports games; hence they are also known as fantasy stock games.

1.      Claim Your Future

In this game, you will have a fantasy career with a fixed annual salary. This game will then ask you to make various lifestyle and financial decisions that go hand in hand with your wages.

Now it is entirely your call whether you will wisely choose to buy or rent a house that you can actually afford. It will be your decision whether you opt for organic food on your plate or just survive on the basics.

2.      Finance 101

Finance 101 is a stock market game that offers financial simulation gameplay. The scenarios will continue to change depending on the choices you make on the go. As a player, you will have a random professional assigned to you. Plus, you will come across 13 scenarios that will impact your finances, decisions and hence determine the further development of the game. Check out the game to find what happens next.

3.      StockBattle

StockBattle is a one-of-a-kind game of skills offering thrills of stocks ups and downs. You will get your hands on various short games to satisfy your investment hunger and win cash prizes alongside. Most importantly, you will get to learn if you have what it takes to survive in the real stock market.

The short 5-minute games available on StockBattle will give you an excellent opportunity to hone your skills in various financial domains. StockBattle is purely a fantasy stock game of skill that involves no gambling aspect at all. In fact, by the end of each round, some of the players will earn cash rewards for the stocks portfolio they created.

Just like Fantasy sports games, StockBattle allows you to follow the companies you believe in. You can even try various strategies to see how the stocks you invest in may change in real-time. The best part is, you can play these fantasy stocks worldwide; however, the stock market hours limit applies. If you are dealing in cryptocurrencies, you can play 24/7.

If you believe that you have what it takes, the game also offers 15 to 60 minutes games too. However, all the games allow you get to compete for cash prizes.

4.      Hit the Road Financial Adventure

Play a financial game of skills that takes you on a road trip. You’ll have some friends to keep you company, and you’ll have to stay within your budget to avoid the following situations:

  • getting hungry
  • getting stranded in the middle of nowhere because you forgot to fuel up your car 

If you’re skillful enough, you’ll reach your destination. Can you nail this game by staying within your budget and make it all the way to the finish line?

5.      Lights, Camera, Budget

Play this fantasy financial game where you will get a chance to act as a movie producer with a $100 million budget. The target will be to produce a 5-star film. The game will ask your filming crew questions, and you will earn money for each correct answer. You can put this money toward producing the movie.

You will also have to make sound financial decisions to make a blockbuster hit. There will be 12 different financial situations where you’ll have to make decisions and learn to make money on the spot.

6.      Money Magic

This one is an impeccable financial literacy game that will be an eye-opener for you to learn all the dramatic things that may happen in the financial field. Moreover, you will also learn about how you could choose a career that can suit or meet your wants and needs.

The Reality Check will ask you a series of questions such as the house you want to live in, the car you wish to drive, etc. By the end, you will find out how much money you have to make in order to afford the kind of lifestyle choices you just answered. No wonder they named it reality check as it really makes you think about your lifestyle choices.

7.      Reality Check

This one is an impeccable financial literacy game that will be an eye-opener for you to learn all the dramatic things that may happen in the financial field. Moreover, you will also learn about how you could choose a career that can suit or meet your wants and needs.

The Reality Check will ask you a series of questions such as the house you want to live in, the car you wish to drive, etc. By the end, you will find out how much money you have to make in order to afford the kind of lifestyle choices you just answered. No wonder they named it reality check as it really makes you think about your lifestyle choices.

Image Source: Pexels

8.      Spent

A good game that shows what living in poverty is like. The simulation will enable your child to become aware of the difficulties of living on a very low household income.

Moreover, it can also help instigate a level of empathy in people for the less fortunate. So, they know why someone ends up on the streets asking for help. The game starts with the role of the student assigned to the player. The student has no employment, has lost his/her home, and only has $1000 in the pocket.

Player’s goal is to survive for an entire month on that $1000. However, if you are an adult, play this game, and it may teach you a thing or two about financial literacy as well.

9.      ShadySam

This is a role-playing game where you get to play as a loan shark. You will be a predatory lender as well as a collector and learn about loans and risks involved. ShadySam will also teach you about interest rates and loan collection methods.

If you want to learn about how lenders operate and things they do to take advantage of the borrowers, it will save you from getting involved in the vicious cycle of borrowing.

10.  The Uber Game

The Uber Game is a financial literacy game that helps you learn if you can survive on a job in today’s gig economy.  Here you will get an urgent financial situation such as having to pay a $1000 mortgage repayment in a week’s time.

Your goal will be to accept various gig jobs available on Uber and try to save enough money to pay back your bills and mortgage. Another real-life-based simulation financial game of skills for you to find out if you can do it.

Conclusion

If you really wish to learn about financial strategies, have fun and make money while doing so, the above-mentioned games such as StockBattle are a perfect choice. Whether you are an adult or a high school student, playing these games can really alter your thought process about how you perceive finances.

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June 1, 2021, 8:36 am

The Basics Behind Buying Your New Home with Bitcoin

by: The Financial Blogger    Category: Make Money Online

By now you’ve probably heard about cryptocurrencies, especially the king of them all: Bitcoin. In reality however, “currency” is a bit misleading since it’s impractical, but not necessarily impossible, to purchase a candy bar or a burger, for instance, with Bitcoin or any other crypto currently being sold on any number of exchanges like Gemini or Coinbase.

What Bitcoin is, rather than a currency, is a store of value. Or put another way, it’s a digital asset. You might even think of it as digital gold. But unlike gold, Bitcoin is known to exhibit extreme price volatility, often times rising or dropping in value thirty to fifty-percent in a single day!

Nonetheless, many famous financial investors and billionaires, like Mark Cuban, Max Keiser, and Michael Saylor, are coming on board with Bitcoin, believing that it will be worth up to $1 million per coin in just a decade.

So then, back to the original question. Can you buy anything substantial with Bitcoin, like a house and/or property? The answer to this might come as a surprise. According to one recent report, a “new door to Bitcoin has opened.” It is now possible to purchase a house with Bitcoin. In fact, you can not only buy a house, but you can invest in a mansion or a villa in Italy or France.       

That said, due to its volatility, many of you are likely planning on staying away from Bitcoin for the time being. But that doesn’t mean you aren’t in the market for your first house. In that case, you will want to stick to cold, hard fiat currency.

Naturally you’re going to need a loan, which means you have a choice. You can approach a traditional brick and mortar bank and go through the arduous time-consuming process of obtaining a mortgage.

Or you might consider a private lender, like Gauntlet Funding, hard money lenders Florida, who can potentially lend you whatever currency you need to purchase either your first house or even your dream house. U.S. based hard money lenders are not difficult to come by. Just do your research (simply Google “private hard money lenders near me”) and you’ll likely find one or two who meet your needs and wants.    

But what if you wish to stay away from cash since its value seems to be depreciating on a daily basis along with the Federal Reserve’s love of constant money printing? If that’s the case, then a hard look at Bitcoin just might be in the cards for you. And now that you can purchase property with the digital asset, you might be doubly interested.

But before plunging headfirst into the volatile digital asset, you’ll need to know some of the basics behind buying your first house with Bitcoin.    

The Rising Price of Bitcoin

Believe it or not, the first thing that was ever purchased with Bitcoin were two cheese pizzas back in the early 2000s. Their price? 10,000 Bitcoin or BTC. While that might sound like a lot, back then it was the cash equivalent of $40.

Since then, BTC has skyrocketed in price, reaching close to $65,000 per coin in early May of 2021, and in the process, creating untold wealth among many of its believers. On the other hand, by the end of that same May, BTC tumbled to just around $30,000 per coin, liquidating many investors over the course of a single day. Like you’ve been warned, this is a volatile asset, and one important best practice to keep in mind is to never leverage your BTC purchases.

However, despite it’s ups and downs, if you are to “zoom out” and look at the BTC price over the course of its short twelve-year lifespan, you will find that its value has consistently risen on average by 200-percent per year. No asset on the planet can possibly give you those kinds of returns. It also gives you an idea of how much buying power the asset might one day possess.    

Properties Already Purchased with Bitcoin

Despite Bitcoin not being a real currency, it is however slowly being accepted at some shops around the globe. You might actually be able to purchase a candy bar after all! These shops might sport some signage outside, the words “Bitcoin Accepted Here” printed on it.

Some famous sports figures have insisted on being paid in Bitcoin rather than fiat currency also. That in mind, it was inevitable that Bitcoin might be used to purchase real estate.

Not long ago, a Bitcoin transaction for the sale of a new custom-built home in Texas was made. According to the broker, said transaction went quite smoothly.  

“In all of my 33 years of closing transactions,” the broker said, “I honestly couldn’t have expected something so unique to go so smoothly. In a matter of 10 minutes, the Bitcoin was changed to U.S. dollars and the deal was done!”

How did the seller do it? He converted the BTC into USD by using BitPay.

Similar residential and commercial property purchases using Bitcoin are said to have occurred in Lake Tahoe, California, Notting Hill in England, Dubai, and other counties around the globe.

But is BTC the dominant form of currency when it comes to real estate purchases? Not by a long shot. But the digital asset is still very young as it approaches its thirteenth birthday. Like many teenagers however, it remains very volatile. But given time, and the rapid depreciation of the dollar, it could be the only way you buy a house.  

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May 20, 2021, 9:59 am

Things You Absolutely Need to Think About if You Gamble with Cryptocurrencies

by: The Financial Blogger    Category: Make Money Online

You must have been living under a rock if you haven’t heard terms like Litecoin, Bitcoin, Ethereum, blockchain technology, or cryptocurrencies. These terms are so common today and have made their way into the common public vernacular. 

What you may not know by now is that the cryptocurrency gambling scene has been in existence for quite some time. As a matter of fact, it has been there since the introduction of these digital coins.

Today, there are so many online casino sites where you can make withdrawals and deposits in cryptocurrency, with other brands letting you gamble in crypto denominations. So, why there is a really fast rise in the usage of cryptocurrency in the gambling world? 

The reason why fiat currencies are being replaced by cryptocurrencies is that they provide a lot of benefits. These advantages include anonymity, higher security, minimal fees, faster withdrawals, as well as the ability to avoid regulations and gamble in any destination.

So, cryptocurrencies are not only making online betting more accessible but also more appealing. Still, if you want to start gambling using cryptocurrencies, what are the things that you need to think about? Read on to learn more about gambling with these digital currencies.

Image by WorldSpectrum from Pixabay

5 Factors to Consider if You Gamble Using Cryptocurrencies

According to the New York Times, cryptocurrencies may have revolutionized the gambling industry. Still, this does not mean that it is a form of payment to use blindly while gambling.

It is always essential to get your facts right and do your due diligence before joining the bandwagon of people gambling using cryptocurrencies. There are so many factors that you need to consider before gambling using Bitcoin. 

Besides, there are so many risks involved, and you need to be aware of them. So, what exactly are the aspects that you need to learn? 

Be Aware of the Risks Involved

Of course, owning cryptocurrencies and online gambling come with some considerate risks of their own. The majority of the serious concerns with online gambling involve the safety of your personal credentials and security of your financial accounts that are linked to the online casino. 

Luckily, using cryptocurrencies as the main method of payment minimizes the risk. Still, you need to know that Bitcoin is quite a volatile currency. So, its value changes several times a day. While it may stay within a range during particular times, there are other times when it plummets or spikes. 

According to the Wall Street Journal, the biggest worry a lot of people have is that the coin will go below the value that it was purchased for, meaning that they will lose the money put into the investment. Besides, cryptocurrency transactions are uninsured and irreversible due to the blockchain as well as the currency’s unregulated nature. 

Making an accidental transaction, or another person accessing your wallet, transferring all of your Bitcoin to their wallet means that you will most likely never get it back. So, every transaction made is final as a result of the blockchain’s structure. 

You cannot tamper with blocks once they have been added to the chain, meaning that a transactional reversal is impossible. So, you need to understand all the intricacies of gambling using Bitcoin. 

Make Sure That You Select a Suitable Bitcoin Wallet

In a case where you are using or buying Bitcoin, it is important to have a safe, secure, as well as accessible wallet. Based on how often you visit online gambling sites or intend to use Bitcoin to gamble online, your wallet needs will vary. 

The types of Bitcoin wallets range from ultra-secure to ultra-accessible, and your priorities and habits will affect the compatibility of your wallet. If your wallet is easy to access, then there is a higher chance of exposing yourself to theft and hacks. 

Still, you can make use of a wallet structure, maintaining an offline hardware wallet and an online one to easily access your Bitcoin for the intentions of betting as well as collecting payouts. There are several types of wallets to select from, including online third-party, online, and hardware wallets.

Use Only Trustworthy Bitcoin Gambling Sites

The most important thing before you start is to have a handle on what cryptocurrencies are, how they work, and what is needed in order to start gambling using Bitcoin. Once you get this, you can start searching for particular online gambling sites to use. 

You shouldn’t take this lightly since you’re putting your hard-earned cash in the form of digital currency into the hands of the gambling site. Still, sites haven’t been created equally, and there is a serious concern on the number of potential untrustworthy or scam sites in operation. 

While being anonymous and unregulated is among the reasons why Bitcoin is loved, this also makes it easy prey for scammers, so the chance of the culprit getting reprimanded or caught is minuscule. You’re looking for a fun and risk-free Bitcoin gambling experience without having to stress if your wallet, as well as your personal credentials, are safe. 

A reliable online gambling site, like Ignition Casino, should have been there for a long time, have an incredible reputation and a trustworthy history, making it one of the best sites for gambling using cryptocurrency. You can check out this review from OnlineCasinoGems.

Track the Value of Bitcoin

If you intend to gamble with Bitcoin, how about making a commitment to yourself to check its value at least once daily. There are so many sites that will show you the present value and chart of how it’s moving at a particular time, as well as the amount of Bitcoin circulating.  

According to the Washington Post, you don’t need to sell or trade Bitcoin to keep track of it; instead, you need to do this in order to understand how much you’re betting as well as your present wallet total at the start and end of each day. Besides, even though it may be intangible and doesn’t physically represent currency, Bitcoin is still an asset where you’ve placed your hard-earned cash into, meaning that it has to be treated as such. 

So, it would be best if you tracked it for tax purposes as well. The IRS has made it compulsory to report all types of bitcoin transactions despite their value. So, you need to keep a record of all your Bitcoin transactions, including gambling, since it is a form of bartering. 

Make Use of Provably Fair Gambling

Provably fair games are completely exclusive and unique to online gamblers using major cryptocurrencies. They make use of blockchain to show both the site as well as the user that the game was fair and not distorted in one way or another.

If you’re concerned about whether the game is rigged or not, then this is a great chance to take advantage of cryptocurrencies to play your favorite games without stressing about being ripped off. It works by publishing every action taken by a site in a particular game using open source algorithms.  

So, the user gets to see whether there is a fair outcome and that there were random odds just like playing at a land casino. Besides, each game has its own algorithm and code to determine fairness since various games need different processes. 

You may always try Slots.lv since it is famous for using provably fair gambling while betting using cryptocurrencies. For more information, you can check out this review from Weeklyslotsnews.

Online Gambling Using Cryptocurrencies

Using Bitcoin to gamble isn’t really different from gambling using traditional currency. Still, you need to take certain precautions to prevent easily avoidable mistakes.

Following this guide should help you understand exactly what you need to know before gambling with cryptocurrencies. Most importantly, you need to know the present value of the currency; otherwise, you won’t have an idea of how much actual money you’re either losing or winning.

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May 20, 2021, 9:54 am

How Cryptocurrencies Actually Work, Explained

by: The Financial Blogger    Category: Make Money Online

On December 17th, 2017, Bitcoin, a cryptocurrency, attained its highest price, reaching incredibly close to $20,000. While there was no way of predicting such a high value for this cryptocurrency, market trends pointed towards inevitable growth, especially since the Fall of 2017. See, from this time on, Bitcoin’s price rose and rose, reaching $5,000 in October, $10,000 in November, before eclipsing at nearly $20,000 in December. 

Bitcoin’s high price attracted global attention, and no media houses were left behind when it came to covering this wonder currency. However, what really shone the spotlight on Bitcoin were the millionaires who emerged quite from nowhere, thanks to savvy investments in the cryptocurrency. 

In light of these developments, interests in Bitcoin were piqued. Suddenly, people wanted to learn about Bitcoin and other cryptocurrencies. And thanks to the consistently high prices of these currencies, people still want to know about them to date. 

So, if you are one of the interested learners, this post is for you. By the end of this article, you will learn what cryptocurrency is and how it works. Let’s get you informed, shall we?

What Is a Cryptocurrency?

A cryptocurrency is a digital/ virtual asset that is used as a medium of exchange. It is secured by strong cryptography to ensure that financial transactions are safeguarded, eliminating cases of counterfeiting or double-spending. Excellent cryptography is also used to manage the making of new units and approve transactions. 

According to Forbes, cryptocurrencies utilize decentralized controls based on blockchain technology. But even with all this said, the standout feature of cryptocurrencies is that they are seldom availed by central authorities, case in point banks, and other financial establishments. For this reason, they are free of government meddling. 

Bitcoin, availed as an open-source software back in 2009, is widely considered to be the pioneer of cryptocurrencies. Today, it is the most popular and most valuable amid over six thousand altcoins (other variations of Bitcoin, or new cryptocurrencies.) As of November 2019, over eighteen million Bitcoins were circulating in the world, and their value equals a whooping USD 146 bn. 

As people continue to embrace cryptocurrencies, more of them have since emerged. Examples include Ripple, Ethereum, Stellar, Monero, Dash, Zcash, Vertcoin, Verge, and Titcoin. As of 2019, the cumulative market capitalization of cryptocurrencies was USD 237.1 bn.

How Cryptocurrencies Work

To know how cryptocurrencies work, it is necessary to learn a few key concepts. These are:

  • Public ledgers: All approved transactions since the creation of a cryptocurrency are recorded in a public ledger. Note, the names of the coin owners are encrypted, and other cryptographic mechanisms are used to ensure the integrity of record keeping.
  • Transactions: When it comes to cryptocurrencies, transactions occur when the transfer of coins between two digital wallets is completed. 
  • Mining: According to Investopedia, the mining process is responsible for giving value to the coins and is known as a proof-of-work system. It entails solving an increasingly complicated puzzle, confirming transactions, and appending the blocks into a blockchain. 
  • Pseudonymity: It is yet another essential thing to note when it comes to how cryptocurrencies work. Unlike in a cash system, the identity of a coin holder is kept in an encrypted address that is not connected to their name or any other identifying information. Therefore, the relationship that you have with your digital assets is pseudonymous rather than anonymous since the public can access the ledgers.

Examples of Where Crypto Is Used

After acquiring a cryptocurrency, there will come a time for you to spend it. But where exactly can you use it to pay for a service or product? Below are examples of instances when cryptocurrencies can be used. 

Online Casinos

Long gone are the days when you had to go to a physical casino to play poker, roulette, keno, or baccarat. See, thanks to technology, more specifically the internet, you can now play any casino game from the comfort of your location. And the best part of all is that you can now use cryptocurrencies on these platforms.

Ignition, an online casino established back in 2016, is one of the platforms that allow you to use cryptocurrencies, in this case, Bitcoin or Bitcoin Cash. But even with that said, it helps to know that you only have to provide a Bitcoin or Bitcoin Cash equivalent of the required dollar amount. With that cleared out, if you want to know more about Ignition Casino, feel free to check out this review from OnlineCasinoGems. 

Travel

The cryptocurrency world has witnessed significant growth in the past years, and the number of businesses that accept it as a form of payment has significantly increased. When it comes to travel, agents such as CheapAir and Destinia now accept Bitcoin payments for flight booking, car rentals, and even hotel reservations. 

Do you want to live in an apartment when you get to your travel destination? CryptoCribs can come in handy in this regard if you happen to have Bitcoin or Ethereum in your digital wallet. 

Food Delivery

The next time you are hungry, be sure to use your cryptocurrency to order your favorite meal. According to bitcoin.com, you get the opportunity to order any meal from pizzerias within your locale. The best thing of all is that you can use any coin from among the fifty accepted. 

Noble Causes

Believe it or not, you can now help your favorite organization when it comes to running various initiatives. Today, the Red Cross, WikiLeaks, and Save the Children are but some of the several organizations that accept cryptocurrency donations. 

Final Thoughts

Now that you know how cryptocurrencies work and where you can use them, it is time to think about investing in this opportunity. We can count on significant returns, given that people are always out to embrace secure technologies in a bid to counter cases of fraud and hacking. But even with all said, remember, wherever there’s a potential for high returns, it always helps to be extra keen.

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May 18, 2021, 9:12 am

Gemini vs Coinbase: What Should Crypto Traders Use?

by: The Financial Blogger    Category: Make Money Online

Trading crypto as a pastime and even as a profession has been growing for some time now. In the last year, the industry has grown even faster than usual thanks to the economic and lifestyle changes caused by the global COVID-19 pandemic. These days, you can quickly find more than  500 places to buy, sell, and trade cryptocurrency.

With that many options, how can traders possibly figure out which exchange is the best one for them to use? There are several ways to narrow your options. First and foremost, you need to figure out which exchanges are available in your locale. Then you will want to look at such factors as user experience, offerings, fees, and security the platform offers.

Looking at these aspects of different exchanges, U.S. traders get a much more manageable list of realistic options. Among those options, Coinbase and Gemini reside close to the top of the list. Here we will give a basic overview of the important differences between Coinbase and Gemini to help you figure out which one crypto traders should use.

Image by Icons8_team from Pixabay

A Brief History of Coinbase

Coinbase Global, Inc. is the parent company for two different crypto trading platforms; Coinbase and Coinbase Pro. The original platform was founded in 2021 by cofounder Brian Armstrong and Fred Ehrsam who came from Airbnb and Goldman Sachs respectively. The idea was to create a way for people to use bank transfers to buy Bitcoin.

Fast forward almost a decade and the company has grown to earn over $1.1 billion in yearly revenue, employ over 1,000 employees, and operate in over 100 countries. They do all this while hosting two distinct platforms that cater to a wide range of crypto traders and investors’ needs.

A Brief History of Gemini

If you’ve seen the hit David Fincher movie, The Social Network, you already know at least a little about the history of Gemini. The movies’ antagonists (or protagonists depending on how you feel about Mark Zuckerberg) are Harvard-educated, Olympic athlete twins, Tyler and Cameron Winklevoss. These are also the two founders of the Gemini crypto exchange.

The Winklevoss twins announced Gemini in 2013 and officially launched it in 2015.

The Big Differences Between Coinbase and Gemini

Gemini and Coinbase are two very different companies even though they are both crypto exchanges. They have very different histories and very different offerings for users. Below we will look at the major ways these two sites differ. For a helpful breakdown of Coinbase vs Gemini, Cove Markets goes into greater detail.

While significantly smaller than Coinbase, with around 100 employees, Gemini has struck some big deals through the years to facilitate this growth. The company was the first licensed exchange for both ether and Zcash. They also struck up a partnership with Samsung in 2020 to link Gemini crypto wallets to Samsung phones. 

Availability 

Coinbase is currently available in over 100 countries around the world. It is also available in most U.S. states, but not all. Hawaii, for example, does not allow residents to use Coinbase. Gemini, on the other hand, is only available in the United Kingdom, South Korea, Hong Kong, and Singapore. It is available in all 50 U.S. states as well as the District of Columbia and Puerto Rico.

User Experience

Both exchanges provide a high-level trading experience to their desktop users. Coinbase and Gemini are perfect for newbie traders who want a clean, simple, and easy-to-navigate experience. Both Coinbase Pro and Gemini ActiveTrader offer advanced tools and charts experienced traders will love.

Maybe the biggest difference between the two platforms is the mobile experience. The Coinbase app is well-reviewed by users and is generally considered one of the best crypto trading apps on the market today. The Gemini app is fast but has received more mixed reviews from users who give it 3.4 stars as opposed to the 4.4-star rating of the Coinbase app.

Offerings 

Coinbase and Coinbase Pro both offer around 50 different crypto coins to buy, sell, and trade. The Pro version takes it a step further and offers almost 100 pairs to trade. The most popular pairs are BTC/USD and ETH/USD which make up about 50% of pairs trading. Gemini has about half of the coins and pairs that Coinbase offers. BTC/USD is the most popular pair on Gemini.  This one alone represents about 50% of the trading on the platform.

Fees 

The fee structure is very different when you compare Gemini and Coinbase. Coinbase uses an industry-standard tiered fee structure based on volume and whether you are a market taker or maker. Fees start at 0.5% at the lowest levels and go all the way down to 0 at the highest level of market maker volume.

On the standard Gemini site, the fees are much higher. They have a more complicated system that bases fees on not just the size of trade but how it is conducted. A transaction fee is added on top of any other fees. The result is a 1.4% to 1.99% fee depending on the trade. The Gemini ActiveTrader platform fees are similar to those of Coinbase Pro and are actually smaller in many instances. These fees range from .35% to 0 at the highest maker levels.

Security 

If these two platforms have one thing in common, it is their commitment to security. They both strive to be the safest places to trade crypto on the planet and they do a good job of meeting this goal. Both implement innovative security measures to help keep their users safe. Coinbase has a bug bounty program to encourage developers to share site security flaws.  Gemini uses multi-signature technology. This creates redundancy that makes a single-point failure less catastrophic.

Conclusion 

Both Gemini and Coinbase provide users with solid crypto trade exchanges. The fact that they both have sites for novice and experienced traders is something to like. Which one should you use? That depends on exactly what you’re looking for but if you find you prefer one over the other, you won’t be wrong.

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