Once you have deposited the funds you need, find Sand on the exchange and make your purchase. Both Gemini and allow you to trade with your deposit immediately, although you won’t be able to move cryptocurrencies off the platform until your deposit fully clears in 4-5 days. The easiest option to deposit USD is to link your bank account and initiate a transfer. The most secure option is a hardware wallet, but software wallets can be an effective solution and most are free.įirst, you need to fund your exchange account with fiat currency or supported cryptos. Both Gemini and store users’ private keys in secure, cold-storage facilities to keep their assets safe. While the chances of an effective hack on a large exchange are low, the risk is eliminated when you fully control your tokens. If you aren’t planning on trading your new tokens soon, it’s usually a good idea to move them off the exchange.
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