Thursday, 27 May 2021

Depositing USD Funds into Gemini.com

The depositing details for depositing USD into Gemini has changed, hence this is an update to my previous post in 2017. 

This post is meant as a step by step guide on how you can deposit USD funds in Gemini. Depositing USD allows you to buy, sell and store more than 40 cryptocurrencies such as Bitcoin, Ethereum, Matic (Polygon) and even dogecoin. 

I used my POSB (DBS) bank account which does not charge any fees for same day overseas transfer.

1. Deposit USD funds into Gemini. Select "Transfer" and click on "Deposit into Gemini".



2. Select Currency and Deposit Method. Select "USD" and "Wire Transfer". 
3. Link your bank account. You will see a hyperlink to link your bank account, this must be done for the very first deposit you are making. 

Indicate your account details.  If you are using DBS or POSB bank, the Swift Number is "DBSSSGSG". You can check out other bank's swift number by checking the bank's website.

5. Gemini's deposit instructions will be shown. The details are also sent to your email. 

6. Login to your POSB/DBS ibanking account. Select "Transfer" and click on "DBS Remit and Overseas Transfer".


7. Add Gemini as an Overseas Recipient. Click "New Recipient". 

8. Indicate the amount of SGD you want to transfer in your ibanking. Scroll down, select "United States" and indicate the SGD amount you can to send. Click "Get Quote". 
If you are fine with the amount, click "Start a New Transfer". If you want to adjust the amount, you can change the SGD amount and click "Get Quote" again. 

9. Indicate the details in your ibanking as per what you have received in Step 5.


You can fill in as per what is in the images above. But do note this is accurate as of 25 May 2021. You still need to check the instructions given as the details may change. 

Remember to indicate the unique reference give to you under "Payment Details for Recipient" (I redacted mine out in black). If this is not indicated correctly, the funds will not be transferred.

Click Next and submit the transactions. If you submit the transactions before 5pm on weekdays, the funds will be deposited in your Gemini account by 10pm on the same day. If the transaction is submitted after this timing and DBS does not process the transaction, you will need to wait for the next business day. If you do this after 5pm on Fri or weekends, the funds will be deposited on Monday night, provided Monday is not a public holiday in United States. 

Once the funds are in Gemini, you can make your crypto purchase.

Need a Gemini referral link? You can use this link and get $10 worth of BTC when you trade at least $100 USD within the first 30 days of registration.

For other crypto links such as Binance, Celsius or Blockfi, you can refer to this link


This is not a buy call for anyone to go into cryptocurrency trading/investment.

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