How to withdraw USD from Gemini to your bank account?

To withdraw USD from Gemini, ensure your account is verified, link a U.S. bank account via ACH, and confirm sufficient USD balance before initiating the transfer.

Aug 04, 2025 at 11:01 am

Understanding Gemini and USD Withdrawals

Gemini is a regulated cryptocurrency exchange platform that allows users to buy, sell, trade, and store digital assets. One of its key features is the ability to convert cryptocurrency holdings into USD and transfer the funds to a linked bank account. This process is commonly referred to as a USD withdrawal. Before initiating a withdrawal, users must ensure their account is fully verified and that a valid bank account is connected through the ACH (Automated Clearing House) network. The withdrawal process is only available for fiat currency, not for cryptocurrencies. It's essential to distinguish between withdrawing USD and withdrawing crypto, as the steps and requirements differ significantly.

Prerequisites for Withdrawing USD from Gemini

Before you can initiate a withdrawal, several conditions must be met to ensure a smooth transaction.

• You must have completed identity verification on your Gemini account. This typically includes submitting government-issued ID and proof of address.
• A U.S. bank account must be linked to your Gemini account. International bank accounts are not supported for USD withdrawals.
• The bank account must support ACH transfers, which is standard for most U.S. banks.
• You must have sufficient USD balance in your Gemini account. This balance can come from selling crypto or prior deposits.
• Two-factor authentication (2FA) should be enabled for security purposes.
  
  Failure to meet any of these conditions may result in delays or failed transactions. Ensure all documents are up to date and your bank details are accurate.

Linking Your Bank Account to Gemini

If you haven’t already linked a bank account, this step is required before any withdrawal can occur.

• Log in to your Gemini.com account and navigate to the Accounts tab.
• Select Deposit & Withdraw under the USD section.
• Click on Link New Bank Account.
• Choose ACH as the method.
• Enter your bank’s routing number and your account number. These can be found on a check or through your online banking portal.
• Confirm the details and submit.
  
  Gemini will make two small deposits (usually under $1) into your bank account within 1–3 business days. You must verify these amounts in your Gemini account under the bank verification section to complete the linking process. Only after successful verification can you proceed with withdrawals.

Initiating a USD Withdrawal from Gemini

Once your bank is linked and verified, you can begin the withdrawal process.

• Log in to your Gemini account and go to the Balances section.
• Locate your USD balance and click Withdraw.
• Select the bank account you wish to transfer funds to.
• Enter the amount you want to withdraw. Note that Gemini does not charge a fee for ACH withdrawals, but your bank might.
• Review the transaction details carefully, including the destination account and amount.
• Confirm the withdrawal using your 2FA method (e.g., Google Authenticator or SMS code).
  
  After confirmation, the withdrawal status will appear as Processing. ACH transfers typically take 1–5 business days to reflect in your bank account, depending on your bank’s processing times.

Monitoring and Troubleshooting Withdrawals

After initiating a withdrawal, it’s important to monitor its status.

• Check the Activity or Transactions tab in your Gemini account to view the withdrawal status.
• Statuses may include Pending, Processing, Completed, or Failed.
• If the status remains Pending for more than 24 hours, ensure your account is in good standing and 2FA is functioning.
• For Failed withdrawals, common causes include incorrect bank details, insufficient funds, or bank rejection.
• Contact Gemini Support if the issue persists, providing the transaction ID and screenshots of the error.
  
  Do not attempt multiple withdrawals if the first one is still pending, as this can cause duplicate transactions or account restrictions.

Tax and Security Considerations

Withdrawing USD from Gemini may have tax implications, especially if the funds originated from cryptocurrency sales. In the U.S., capital gains taxes apply to profits made from selling crypto. Keep detailed records of all transactions, including dates, amounts, and values in USD at the time of sale.

For security, always access Gemini through the official website or app. Avoid public Wi-Fi when conducting financial transactions. Enable login alerts and transaction notifications to monitor unauthorized activity. Never share your 2FA codes or recovery phrases with anyone. If you suspect a breach, immediately revoke active sessions and contact support.

Frequently Asked Questions

Can I withdraw USD to a bank account in another country?

No, Gemini only supports USD withdrawals to U.S. bank accounts via ACH. International wire transfers are not available for fiat withdrawals. Non-U.S. residents may need to use alternative methods, such as converting USD to stablecoins and sending them to an international exchange.

What happens if I enter the wrong bank account number?

If the account number is invalid, the withdrawal will likely be rejected and the funds returned to your Gemini account within 5–10 business days. If the number is valid but belongs to another person, recovery may be difficult. Always double-check bank details before confirming.

Are there withdrawal limits on Gemini?

Yes, Gemini enforces daily and monthly withdrawal limits based on your account verification level. Basic accounts may have lower limits, while verified Advanced or ActiveTrader accounts enjoy higher thresholds. You can view your current limits in the Settings > Limits section of your account.

Why hasn’t my withdrawal appeared in my bank account after 5 days?

Delays can occur due to bank processing times, holidays, or weekends. ACH transactions exclude weekends and federal holidays. If it’s been more than 5 business days, contact your bank to confirm they haven’t rejected the deposit. If the bank confirms no receipt, reach out to Gemini support with the transaction ID for investigation.