On November 11, 2022, five days before announcing that withdrawals in the Gemini Earn program would be suspended. November 11, 2022: Gemini Assures Customers that Assets were Safe From FTX. Many feel disenchanted with Gemini, a platform that they thought was safe. On November 16, 2022, Gemini Earn paused all withdrawals from its platform, providing little public updates since. 16, 2022, the day that Genesis froze withdrawals, Gemini told Genesis that it had sold 30.9 million GBTC shares through a private sale at the market price as of 4:00 p.m. That's the best way to see if it meets your needs/standards. Furthermore, the crypto exchange has failed to communicate with its customers. 7, Genesis and Gemini extended terms of the debt agreement. Exchanges like Gemini regardless of security are always vulnerable, so the risk is about the same just in my opinion, but then again I'm not holding millions/billions or my life savings in Gemini earn. Users should also take note of the platform’s security. Gemini is my preferred exchange, although I have an issue with a wire transfer that has yet to be resolved, so the stories of their support being backlogged are accurate in my experience. Good to know Earn seems to be a decent choice. I may be wrong on that but I'm personally not too concerned, if I'm holding crypto I plan to hold LT on gemini rather than a hardware wallet or something I'll usually throw it into earn to get some APR even if small % (besides some I keep in trading balance anyway). Gemini Earn Review: How Safe is Gemini Earn Assets in Gemini Earn are not insured by the company, which isn’t rare most crypto interest platforms (with the exception of Hodlnaut) do not offer insurance for your assets after they’re loaned. Gemini is a primary custodian of BlockFi assets and I’m considering putting some crypto in Earn and stablecoin in BlockFi. Capital Com is an execution-only service. You can do your own research, but though they may lend the crypto to 3rd parties (individuals or institutions or whoever is in their vetting process) at the end of the day the debt is on Genesis company's books so in order to default on your lended crypto they would have to have a massive company destruction and bankruptcy. FTX fallout: Gemini Earn freezes withdrawals who is affected and when can funds be redeemed. It sounds like your question is really down to can you trust Genesis to re-pay the crypto/interest. The Nakshatra is governed by Rahu, whereas the ruling zodiac sign is Gemini. Earn Interest on Crypto or Hold How Does Compound Interest Work. 2023 Horoscope Prospects for Ardra Nakshatra. I'd assume they state the 5 day max for some sort of 'whale like' transactions that Genesis would have to liquidate some positions to fill. Gemini Earn through the Mobile app icon or website tab.

They state in the terms that it can take up to 5 days to process redemptions, but especially if it's not crazy amounts it should be redeemed relatively quickly (between a few mins/hrs or maybe a day from feedback I've heard). From my understanding Gemini has a hot wallet to process earn redemptions quicker, but can't confirm that. Gemini Exchange plans to file a 1 billion claim against Genesis today as it turns up the heat on Digital Currency Group to pay back a loan to the subsidiary, which is operating under bankruptcy.

Gemini earn safe