How To Transfer Your Crypto From Gemini To Hodlnaut

Gemini is an exchange that has rather low trading fees, especially if you’re using the Active Trader platform. However, the interest rates on Gemini Earn are rather low compared to other platforms!

Here’s how you can transfer your crypto to Hodlnaut to earn a higher interest rate.

How to transfer from Gemini to Hodlnaut

Here are 7 steps you’ll need to transfer your crypto from Gemini to Hodlnaut

1. Go to ‘Deposit/Withdrawal’ on the Hodlnaut dashboard
2. Select the coin you wish to transfer
3. Go to Gemini and select the cryptocurrency
4. Select ‘Withdraw’ to send your currency to another wallet
5. Select the amount of currency you wish to withdraw
6. Paste the deposit address from Hodlnaut as the destination address
7. Review the withdrawal before confirming the transaction

Here’s each step explained in detail:

Go to ‘Deposit/Withdrawal’ on the Hodlnaut dashboard

First, you’ll need to go to ‘Deposit/Withdrawal‘ on the Hodlnaut dashboard.

Select the coin you wish to transfer

You will be shown a dropdown menu, where you can select the currency that you wish to deposit into Hodlnaut.

Hodlnaut currently supports these 6 currencies:

1. BTC
2. ETH
3. USDC
4. USDT
5. DAI
6. WBTC

However, Gemini only allows you to perform withdrawals on:

1. BTC
2. ETH
3. DAI

If you are looking to buy stablecoins like USDT and USDC, you will need to use another platform!

Go to Gemini and select the cryptocurrency

Once you’ve obtained the deposit address, you can now go onto Gemini’s platform.

You’ll need to select the cryptocurrency that you wish to deposit to Hodlnaut. This can be done in the ‘Portfolio’ section.

Select ‘Withdraw’ to send your currency to another wallet

After selecting the currency you wish to transfer, you’ll need to select ‘Withdraw‘.

Select the amount of currency you wish to withdraw

After that, you’ll need to select the amount of crypto you wish to withdraw.

Paste the deposit address from Hodlnaut as the destination address

You’ll be asked to paste the address that you wish to send your crypto to.

You can either scan the QR code, or paste the wallet address that you’ve copied from Hodlnaut.

Review the withdrawal before confirming the transaction

You’ll be able to review the details of your withdrawal, before confirming it.

After the confirmation, your crypto will start being sent to Hodlnaut.

The withdrawal may take a while to reach your Hodlnaut wallet. This really depends on how active the network is at the point of your withdrawal request.

What are the fees to transfer from Gemini to Hodlnaut?

Gemini allows you up to 10 free withdrawals per month. As such, this will help you to reduce the amount you’ll pay in withdrawal fees.

This is because withdrawing ETH or DAI via the ERC20 network can be very costly!

Conclusion

Transferring from Gemini to another platform is one of the most cost-effective ways, due to the free withdrawals that Gemini gives you.

As such, you can use this to your advantage if you want to earn a higher interest rate using Hodlnaut!

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Gemini Referral (Earn $10 USD in BTC)

If you are interested in signing up for a Gemini account, you can use my referral link.

You will be able to receive $10 USD in BTC!

Here’s what you need to do:

1. Register for a Gemini account
2. Trade ≥ USD $100 or equivalent on Gemini’s platform
3. Receive USD $10 worth of BTC in your account

Are you passionate about personal finance and want to earn some flexible income?