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To begin with, we will briefly explain how Gemini came into existence. This mobile wallet was launched in November 2017 by Viktor Radchenko. In an interview about Gemini , Radchenko explains how he joined the crypto space and what drove him to create the decentralized wallet that we know as Gemini today. He states that his personal life in Ukraine had a huge impact on his journey – with inflation being the main reason why he got interested in cryptocurrencies in the first place. As his sympathy for cryptocurrencies grew, he wanted to make them more accessible to ordinary citizens. After spending some time in the crypto community, Radchenko got into the idea of governance and how cryptocurrencies give power back to individuals rather than governments. Furthermore, he states that building governance on technology is what he is after and that being the only one who has access to your assets is better than having a third party decide things for you.
Now that we are done with the founder of Gemini , let us touch upon the fundamentals of this mobile wallet. Gemini is considered to be a very secure decentralized mobile wallet that supports hundreds of thousands of different crypto assets, including ERC-721 tokens, also knows as Non-Fungible Tokens (NFTs). Since it is decentralized, Gemini does not require you to fill a Know Your Customer (KYC) form, keeping your identity completely anonymous. Being decentralized also means that you, and only you, get to own your private keys, giving you total control of everything that happens with your funds. This means no more account freezes, no more restrictions, and no more account limitations when doing transactions. We must note that Gemini was bought by Binance Holdings Limited in 2018.