The case is IRA Financial Trust v. Gemini Trust Co. LLC, S.D.N.Y., No. Imposter Scams on the Rise: USAA Warns Members of - USAA Community Gemini does add new coins to its platform, so hopefully they expand their range to include these top coins in the future. Gemini is not a bank, so the cash is technically not protected by FDIC insurance. Apparently is it not enough. By sheer happenstance, IRA Financials Bergman went in deep on the issue of crypto IRA insurance just last month. Last year, PayPal started offering it. Deploying two-factor authentication and setting a list of whitelisted withdrawal addresses, he assumed his retirement crypto would be safe with Gemini. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Crypto Is Having Its 'Back to the Future' Moment. There are so many different crypto exchanges out there, how do you choose one? Nothing to detect the batch transactions firing off every few minutes sending equal amounts of BTC & ETH orders across multiple users all going to a single account? It's a regulated company with over $30 billion in crypto assets, industry-leading crypto security practices, and only up to some hundred thousand dollars in insurance coverage. All the content on this site is provided forinformational purposes only, and should not be taken as financial advice to buy, trade or sell cryptocurrency or other assets, or use any specific exchange, broker, or platform. If you have any questions or concerns about your Gemini account or believe there has been an unauthorized login attempt and/or transaction that you do not recognize please email our customer support team at support@gemini.com or call user support at +1 (866) 240-5113 (toll-free in the USA). Not just your Gemini account, but your email, your social media accounts, EVERYTHING. money laundering involving non-fungible tokens. Our security standards are among the highest in the industry and we are constantly updating them to ensure our customers are always protected, Nathalie Rix, a Gemini representative, told Bloomberg Law. Freeze Hacked Account : Gemini Tricky U.S. tax laws make setting up these institutional accounts far more complex than retail customer fare, especially in the retirement space. Gemini Exchange Review: Is Gemini Worth the Trust? However, the cash will likely not sit for long in your Gemini account, as you will be buying cryptos. In summary, if you are after a feature-packed crypto exchange with the highest level of security, compliance and certification, plus insurance cover, Gemini is the one for you. Gemini also replied saying that the hack was not on their end and that they are assisting IRA Financial. Gemini vs. Coinbase: How Do They Compare? - The Balance
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