How To Transfer From Crypto.com To Gemini 2023

Crypto.com made headlines in the news after buying the rights to rename the Los Angeles Staples Center to Crypto.com arena. 

This $700M deal isn’t the only reason that Crypto.com has grown in popularity. The platform offers a large selection of crypto assets and low fees for cash transfers. 

However, Crypto.com lacks crypto to crypto trading that many other platforms provide. Additionally, some Crypto.com services are not yet offered in the United States. 

Because of this, you might be wanting to transfer your crypto assets to another platform.

Gemini is a great crypto trading platform for many because of its large collection of cryptos fully available to US citizens. Additionally, Gemini has some of the best security features in the industry. 

One of the greatest callouts for Gemini’s security features is that a majority of crypto is kept offline in a cold storage system. This is one of the safest ways to hold crypto as it limits risk to cryptocurrency hackers. 

Whatever the reason may be for wanting to transfer from Crypto.com to Gemini, we will show you how to execute this transfer step-by-step!

How To Transfer From Crypto.com To Gemini

The process for transferring your crypto from Crypto.com to Gemini can be completed through three steps:

1. Open and verify your Gemini account
2. Prepare your Gemini account for the crypto deposit
3. Send crypto from Crypto.com over to your new Gemini account

These three steps will be described in detail in the paragraphs below!

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1. Open A Gemini Account

Gemini enables investors to buy, store and trade cryptocurrencies.

This exchange is one of the few cryptocurrency platforms that has never been hacked. This means that Gemini’s security precautions are working. 

Gemini has also built a reputation as an investing platform with a simple user interface. 

As with any crypto trading platform, Gemini does charge platform fees.

Since crypto fees are often complex and vary from crypto to crypto, the list of fees can be found on the official Gemini website.

The process to open a new Gemini account is straightforward and can be completed by following the below steps:

1. Sign up for a Gemini account by clicking here!
2. Create your account sign in. This is completed by providing your name and email address and then by creating an account password. 
3. Verify your email address by following on-screen prompts.
4. Set up 2FA (2 factor authentication) by providing your home address and phone number. You will also be asked to verify your phone number during this step.  
5. Add a bank account or skip this step by clicking the “I’ll do this later” button in the top right of the platform. 
6. Verify your identity by providing your legal name, address, date of birth, and social security number. This step is for user verification as well as for tax purposes. 
7. Upload required documents to finalize the account setup. You can either upload a picture of your passport or a picture of your driver's license. 

After completing the above steps and uploading the required documentation, you will then submit your verification information for review. 

According to the Gemini website, verification typically takes 2-3 business days to complete. If the process is taking any longer you can contact customer support for help. 

2. Locate Your Gemini Wallet Address

Now that you have opened and verified your Gemini account, it is time to locate your crypto wallet address.

You will have a different address for each type of cryptocurrency that you hold within Gemini. Each one is 100% unique, and mixing them up could result in the loss of cryptocurrencies.

You need to make sure you send Bitcoin to a Bitcoin address only, for example.

Here's how to locate your wallet address on Gemini:

1. ​There is a “Transfer” button that you will click in the top right corner of your newly formed Gemini account
2. From that point, click the section “Deposit into Gemini” to proceed
3. You will use the dropdown menu to select the specific crypto that you are planning on transferring over to Gemini from Crypto.com
4. You will then copy the unique deposit address for your account and that specific crypto

3. Withdraw Crypto From Crypto.com

Last step, time to send your crypto from Crypto.com to Gemini:

1. Open your Crypto.com app and click “Transfer” in your home screen (if you are unable to, you may need to verify your Crypto.com account)
2. Proceed by clicking “Withdraw” > “Crypto” > “External Wallet”
3. In the top right corner select the “+” followed by “Wallet Address”
4. Select the cryptocurrency and paste your unique Gemini deposit address into the “Address” space (make sure the cryptocurrency you are transferring is the same on Crypto.com and Gemini or you will lose your funds)
5. Name your wallet address (ex. Gemini BTC) and click “Continue” 
6. You will be prompted to verify the new wallet address either on your 2FA (2 factor authentication) device or via email
7. Return to the withdrawal page and select “Withdraw” next to your newly added wallet address
8. Enter the amount that you want to transfer to Gemini (adding a note is optional) 
9. Select “Withdraw”
10. Once you have reviewed the request, click “Confirm” to initiate the transfer
11. The final step is to patiently wait as your funds are transferring, which usually takes under an hour (confirmation time varies depending on network traffic and the crypto blockchain)

It is always a good idea to test the above steps by transferring over a small percentage of your crypto before transferring over all your assets. However, be sure to consider any applicable fees before doing so. 

Sometimes it is just better to be safe than to be sorry!

If you are looking to move multiple different types of cryptocurrencies from Crypto.com to Gemini, you will need to repeat this process (step 2 and 3) for each different one.

Transferring cryptocurrency does carry risk, especially if you mix up wallets. The above information can be verified on the official Crypto.com and Gemini websites.

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