Don’t get me wrong. Despite the incident that sent jolts of shock down my spine, I’m still a firm fan of Gemini. It has many things going for it: a dynamic platform in which new exciting tokens are added ever so regularly, free withdrawals, low trading fees, crypto-fiat pairings, among others. I’m still happy living the Gemini experience.
So what was the experience that took me by surprise the other day?
Well, I have been diligently spending my time at this faucet called COINTIPLY for the past month. Contrary to my expectations, it was actually an easy place to earn some crypto. I always opted to convert my coins to Litecoin because that was the path of least resistance. Redeeming Litecoin would cost me 30,000 coins (USD$3) whereas doing so for Bitcoin would cost me 50,000 points (USD$5).
So whenever I got USD$3 Litecoin, I would deposit it in the Gemini Earn program in hopes that this would yield me a few extra cents. (Hey, don’t judge me. Blame it on the father hustle.) Finally, I hit my goal of USD$30 and wanted to withdraw it from the Earn program so that I could use it to make a Voluntary Housing Refund for my apartment. Crypto may be the future but unfortunately, the interest on my housing mortgage is a relentless beast in the here and now. Gotta feed this monster first.
Anyway, I realised that it would take five working days for my Litecoin in my portfolio to be transferred back to my portfolio. Which isn’t the end of the world, I guess, but I don’t mind admitting that I was self-entitled enough to assume that I would be able to cash out my Litecoin within one working day. Now I got to wait with bated breath for my Litecoin to be released.
So I post this as a shoutout to my readers here: Don’t leave your rainy day funds/emergency funds in the Gemini Earn program because you will feel frustrated should you need to liquidate your assets quickly!
Ta da! Till my next lesson about Gemini.
