Yes, you can! Gemini has released the ability to purchase cryptocurrency on the Gemini exchange using your debit card.
What are the Limits and Fees of using a card?
Using a debit card allows you to complete a trade instantly and will clear into our account in 24 hours, which will then lift the withdrawal hold. You can also set up a recurring buy with your debit card.
Limits
There is a limit of $1,000 on debit card purchases. This limit resets after 24 hours from your previous purchase. You cannot raise this limit by adding more cards. Your ACH limit and your debit limit are not related, and do not affect one another.
Withdrawals
Please note that only trades can be executed using your debit card and you are unable to withdraw to your debit card. You can only withdraw using a bank transfer (ACH) or wire withdrawal after the debit card purchase to a registered bank account.
Fees
There is a 3.49% fee applied to your order when you initiate a purchase with a debit card. For more information on mobile fees, see our mobile fee schedule.
Accepted Cards
We accept Mastercard & Visa. We do not accept prepaid cards.
How do I add a debit card?
You can add a debit card by going to settings on your account, then funding sources methods. From there, please provide the name and billing address for your card, these must match the account holder.
After this, you will need to verify your card. You will see three small micro-deposits on your bank statement. These charges will be between $0.99 and $1.99 in value (or an equivalent in your local currency). To verify your card, we’ll ask that you please confirm the amount that was charged to you. Once verified, the charges will be reversed. Depending on your bank, it may take up to 14 days for the charges to be cancelled.
Debit Cards can be used to make instant purchases of cryptocurrency. They can not be used to fund your balance.
You can link multiple cards to your Gemini account. You can set a default card, or select another card before purchase.
If you would like to dispute a charge on your debit card and Gemini, please contact your debit card provider or your issuing bank. This may result in your Gemini account being frozen while the issue is investigated.
If you believe that there has been fraudulent use of your Debit card on Gemini, or that your account is compromised in any way, please contact Gemini support by submitting a ticket here from the email address associated with your Gemini account.