Is Coinhako better than Gemini?
Coinhako is the longest running and the only local cryptocurrency exchange that has their headquarters based in Singapore. For this reason, we believe that Coinhako is the better and more secure destination for cryptocurrency investors and traders in the country.
To help provide context, we have put together a high-level table below for you to easily compare the key features of Coinhako vs Gemini.
Coinhako vs Gemini: Fees
Coinhako and Gemini are both two of the more expensive cryptocurrency exchanges when compared to the global digital asset platform market. As at time of writing, Coinhako charges a 1% flat fee on all cryptocurrency trades.
The Gemini Singapore trading platform is 49% more expensive per trade than Coinhako, coming in at 1.49% per trade. If you are looking for a commission free exchange based in Singapore, we would recommend something like eToro.
Coinhako Wins: Coinhako is considerably cheaper at 1% per trade, compared to 1.49% for Gemini.
Coinhako vs Gemini: Supported Coins
Both Coinhako and Gemini offer a relatively limited set of cryptocurrencies compared to the large global exchanges like Binance and FTX. This is largely due to the fact that the Monetary Authority of Singapore (MAS) has higher regulatory listing standards, which ultimately restricts MAS licensed platforms.
As at time of writing, Coinhako offers over 30 different cryptocurrencies that includes Bitcoin, Ethereum, Solana and other Layer 1’s, DeFi coins, NFT coins and popular Metaverse cryptocurrencies. Gemini has a very similar offering with over 40 different cryptocurrencies, many of which overlap with those that are available on the Coinhako platform.
Gemini Wins: Gemini wins with 40 cryptocurrencies, as opposed to Coinhako who offers 30 cryptos.
Coinhako vs Gemini: Security
When it comes to security, we believe that regulatory security and certainty is paramount. Although both platforms are regulated by the Monetary Authority of Singapore (MAS), it is pertinent to note that Coinhako was one of the first to receive their licensing thanks to them being domiciled in Singapore.
Coinhako Wins: When it comes to security and safety of funds, always pick the exchange that is local and based in your jurisdiction.