Are you looking to withdraw crypto from Gemini but unsure where to start? Whether you want to transfer your digital assets to an external wallet or convert them to cash in your bank account, this comprehensive guide walks you through every step of the process.
Gemini, founded by the Winklevoss brothers in 2014, is one of the most trusted cryptocurrency exchanges in the United States. The platform offers multiple withdrawal options, including transferring crypto to external wallets and cashing out to your linked bank account. Understanding how to properly withdraw crypto from Gemini exchange ensures your funds reach their destination safely and efficiently.
Understanding Your Gemini Withdrawal Options
Before you withdraw crypto from Gemini, it’s essential to understand the two primary withdrawal methods available on the platform.
Cryptocurrency Withdrawals allow you to transfer your digital assets directly to an external wallet or another exchange. This option is ideal if you want to move your holdings to a hardware wallet for long-term storage or transfer to a different trading platform.
Fiat Withdrawals enable you to convert your cryptocurrency to USD (or other supported currencies) and transfer the funds to your linked bank account. This is the preferred method when you want to withdraw crypto from Gemini to my bank and access your money in traditional currency.
How to Withdraw Crypto from Gemini to External Wallet
Transferring your cryptocurrency to an external wallet gives you complete control over your digital assets. Follow these steps to withdraw crypto from Gemini to external wallet successfully.
Step 1: Log Into Your Gemini Account
Visit the official Gemini website at gemini.com and click the “Sign In” button in the top right corner. Enter your verified email address and password, complete the security verification, and access your account dashboard.
Step 2: Navigate to the Transfer Section
Once logged in, locate the “Transfer” button at the top of your dashboard. Click on it to reveal the dropdown menu, then select “Withdraw from Gemini” or “Send Crypto” to access the withdrawal interface.
Step 3: Select Your Cryptocurrency
Click on the “Currency” dropdown and choose “Cryptocurrencies” to filter your options. Select the specific digital asset you wish to withdraw from the list. If you know the ticker symbol, type it directly into the search field to find your asset quickly.
Step 4: Choose the Correct Network
Selecting the appropriate blockchain network is crucial when you withdraw crypto from Gemini exchange. The platform supports the original blockchain network for each cryptocurrency. For example, if you’re withdrawing USDT, you’ll use the Ethereum network rather than alternative networks like Tron or Polygon.
Step 5: Enter Your Destination Wallet Address
Before proceeding, open your external wallet and generate a receiving address for the same cryptocurrency and network you selected on Gemini. Copy this address carefully. Return to Gemini and paste the wallet address in the “Select Destination” field. Double-check the address character by character to avoid sending funds to the wrong location.
Step 6: Specify the Withdrawal Amount
Enter the amount of cryptocurrency you want to withdraw. You can use the “Max” button to transfer your entire balance, or manually input your preferred amount. The minimum withdrawal for most assets is $10 USD worth or the dust threshold, whichever is greater.
Step 7: Complete Two-Factor Authentication
All crypto withdrawals from Gemini require Two-Factor Authentication (2FA) for security. If you use the Authy app, approve the transaction within 4 minutes of requesting the withdrawal. If you receive codes via SMS, enter the verification code sent to your phone.
Step 8: Confirm and Submit
Review all withdrawal details carefully, including the destination address, amount, and network fees. Once verified, click “Request Withdrawal” to initiate the transfer.
How to Withdraw Crypto from Gemini to My Bank
When you want to convert your cryptocurrency holdings to cash, you’ll need to sell your crypto first and then withdraw crypto from Gemini to my bank account. Here’s the complete process.
Step 1: Sell Your Cryptocurrency for USD
Before initiating a bank withdrawal, you must convert your crypto holdings to fiat currency. Navigate to the trading interface, select the cryptocurrency you want to sell, and execute a sell order for USD. The funds will appear in your USD balance after the transaction completes.
Step 2: Ensure Your Bank Account Is Linked
Your bank account must be linked and verified before you can withdraw funds. Navigate to Settings, then Payment Methods, and link your bank account through Plaid using your banking credentials. Alternatively, manually enter your account and routing numbers.
Step 3: Access the Withdrawal Page
Click on “Transfer” in the navigation menu and select “Withdraw from Gemini.” On the transfer page, click the “Currency” button and choose “Fiat Currencies,” then select USD (or your preferred currency).
Step 4: Choose Your Withdrawal Method
Gemini offers two primary methods for USD withdrawals to U.S. bank accounts. Bank Transfer (ACH) is free and available for domestic U.S. banks, though it takes several business days to process. Wire Transfer is faster but incurs a $25 fee.
Step 5: Select Destination and Amount
Choose your linked bank account from the destination options. Enter the amount you wish to withdraw or click “Max” to transfer your entire available balance. Remember that cash balances can only be transferred to registered bank accounts—you cannot withdraw to a debit card.
Step 6: Review and Confirm
Verify all transfer details, including the destination account and withdrawal amount. Complete any required security verification and submit your withdrawal request.
Gemini Withdrawal Fees Explained
Understanding the fee structure helps you plan your withdrawals more effectively when you withdraw crypto from Gemini.
Cryptocurrency Withdrawal Fees
Gemini uses a dynamic fee system for crypto withdrawals designed to cover blockchain network fees paid to miners. These fees fluctuate based on network activity and congestion. For Ethereum and ERC-20 token withdrawals, you’ll pay gas fees that vary with network conditions. Gemini displays the exact fee before you confirm your withdrawal, and the exchange does not profit from these charges—they pass directly to network miners.
Fiat Withdrawal Fees
For USD withdrawals, ACH bank transfers are completely free. Wire transfers cost $25 per transaction. International USD wire transfers to UK and EU institutions are currently free for a limited time.
Custody Transfer Fees
If you use Gemini Custody services, transfers from Gemini Exchange to Gemini Custody are free. However, transferring from Gemini Custody back to Gemini Exchange incurs a $125 fee per withdrawal.
Gemini Withdrawal Limits
Withdrawal limits on Gemini vary based on your account type and verification level. For verified individual accounts, the standard daily withdrawal limit is $100,000. Monthly limits and specific daily caps may apply depending on your account tier and history with the platform.
The minimum crypto withdrawal for most assets is either $10 USD worth of the asset or the dust threshold (the smallest economically viable amount for that blockchain), whichever is greater. DOT has a minimum withdrawal of 1 DOT, while GUSD has a dynamic minimum of 10 GUSD.
Withdrawal Processing Times
Processing times vary depending on the withdrawal type and method you choose when you withdraw crypto from Gemini exchange.
Crypto Withdrawal Times
Most cryptocurrency withdrawal requests are processed within 2 to 3 hours, depending on the specific asset and current network conditions. In rare cases involving high network congestion or additional security reviews, processing may take up to 48 hours.
Fiat Withdrawal Times
ACH bank transfers typically take 4 to 5 business days to reach your bank account. Wire transfers are processed faster, usually arriving the same day or next business day if submitted before 3:00 PM ET. Business days exclude weekends and federal U.S. holidays.
Common Reasons for Withdrawal Holds
If you’re unable to withdraw crypto from Gemini, several factors could be causing the delay.
Pending ACH Deposits
When you deposit funds via ACH bank transfer, Gemini pre-credits your account for immediate trading. However, these funds remain on hold for withdrawal until the ACH transfer fully clears, which takes 4 to 5 business days. Even if the money has left your bank account, it hasn’t necessarily reached Gemini yet.
New Device Detection
Gemini’s security system recognizes changes to your login environment, including new browsers, VPN usage, new IP addresses, or cleared cookies. When detected, a withdrawal hold is automatically placed until you authorize the new device. Check your email for a message with the subject “We’re making sure it’s you!” and click the authorization link from the same device and browser.
Incomplete Account Verification
Unverified accounts cannot process withdrawals. If your registration is incomplete, you’ll need to submit required documents and complete identity verification before withdrawing funds.
Open Limit Orders
Having an open sell limit order can prevent crypto withdrawals. Cancel any pending orders to release your assets for withdrawal.
Security Best Practices for Gemini Withdrawals
Protecting your assets during withdrawals requires careful attention to security protocols.
Always Verify Wallet Addresses – Triple-check destination addresses before confirming any withdrawal. Cryptocurrency transactions are irreversible, and funds sent to incorrect addresses cannot be recovered.
Enable Two-Factor Authentication – Keep 2FA enabled on your account at all times. Use the Authy app for the most secure experience, though SMS verification is also available.
Use Trusted Networks – Avoid initiating withdrawals on public WiFi or unsecured networks. These environments increase the risk of credential theft and man-in-the-middle attacks.
Verify Network Compatibility – Ensure your destination wallet supports the same blockchain network you’re using for the withdrawal. Sending crypto to an incompatible address will result in permanent loss of funds.
Troubleshooting Common Withdrawal Issues
If your withdrawal isn’t processing as expected, try these troubleshooting steps.
Check for Holds – Visit your Portfolio page and look for any “Holds Pending” notices next to your balances. Hover over the text to view details about pending transfers affecting your withdrawal availability.
Verify Device Authorization – If you’re using a new browser or device, complete the authorization process by clicking the link in Gemini’s security email from the same device you’re trying to use.
Review Minimum Requirements – Ensure your withdrawal amount meets the minimum threshold for your selected asset.
Contact Support – If issues persist, reach out to Gemini’s customer support team through their help center for personalized assistance.
Conclusion
Learning to withdraw crypto from Gemini is straightforward once you understand the platform’s procedures and requirements. Whether you’re moving digital assets to withdraw crypto from Gemini to external wallet for self-custody or converting to fiat to withdraw crypto from Gemini to my bank, Gemini provides secure and reliable options for accessing your funds.
Remember to factor in processing times, especially for ACH deposits that need to clear before withdrawal. Always double-check wallet addresses, select the correct blockchain network, and complete two-factor authentication to ensure your transactions process smoothly. By following this guide, you can confidently manage your cryptocurrency withdrawals on the Gemini exchange.
Frequently Asked Questions (FAQs)
How long does it take to withdraw crypto from Gemini?
Most cryptocurrency withdrawals from Gemini are processed within 2 to 3 hours. However, processing may take up to 48 hours in rare cases due to network congestion or security reviews. Fiat withdrawals via ACH take 4 to 5 business days, while wire transfers typically arrive the same day or next business day.
What are the fees to withdraw crypto from Gemini?
Gemini charges dynamic withdrawal fees for cryptocurrencies that correspond to current blockchain network fees. These fees vary based on network activity and are displayed before you confirm your withdrawal. ACH bank transfers for fiat are free, while wire transfers cost $25.
Why can’t I withdraw my crypto from Gemini?
Common reasons include pending ACH deposits that haven’t cleared (4-5 business days), unverified accounts, new device detection requiring authorization, or open sell limit orders. Check your Portfolio page for any holds and verify your account status.
What is the minimum withdrawal amount on Gemini?
The minimum crypto withdrawal for most assets is $10 USD worth or the dust threshold, whichever is greater. DOT has a minimum of 1 DOT, and GUSD has a minimum of 10 GUSD.
Can I withdraw crypto from Gemini to any wallet?
Yes, you can withdraw crypto from Gemini to any compatible external wallet or exchange. Ensure your destination wallet supports the same blockchain network as your withdrawal. Gemini supports the original blockchain network for each cryptocurrency.
Can I withdraw from Gemini to my debit card?
No, cash balances can only be transferred to registered bank accounts linked to your Gemini account. Debit cards are only used for purchases, not withdrawals.
What is the daily withdrawal limit on Gemini?
For verified individual accounts, the standard daily withdrawal limit is $100,000. Limits may vary based on account type, verification level, and account history.
How do I withdraw USD from Gemini to my bank?
First, sell your cryptocurrency for USD. Then navigate to Transfer > Withdraw from Gemini, select Fiat Currencies, choose USD, select your linked bank account as the destination, enter the amount, and confirm the withdrawal. You can choose between free ACH transfer or $25 wire transfer.
Is it safe to withdraw crypto from Gemini?
Yes, Gemini employs robust security measures including mandatory Two-Factor Authentication for all withdrawals, device authorization protocols, and withdrawal holds for suspicious activity. Always verify wallet addresses and use secure networks when initiating transfers.
Why is there a hold on my Gemini withdrawal?
Holds typically occur due to pending ACH deposits (4-5 business days to clear), new device detection, or recent debit card purchases (up to 48 hours). These security measures protect your account from unauthorized access and fraudulent transactions.
