Gemini doesn’t allow you to withdraw crypto to your wallet or send your cash out for a holding period of 5-7 days (this number could be longer or shorter). They enforce this holding when you fund your Gemini account via a linked bank account (ACH) or for a number of other reasons. Gemini claims that this holding period is enforced until your ACH bank transfer settles into Gemini's accounts.

How long is the Gemini holding period?

Gemini usually enforces this holding period until the ACH transaction from your linked bank account settles, but it could be longer based on many factors as they’ve mentioned in their FAQ page about holding periods:

During this holding period, you will be able to buy or sell cryptocurrency within the Gemini platform but you will not have access to anything onchain - including numerous coins, DeFi protocols, and NFTs that are not available on Gemini.

Am I the only one facing the Gemini holding period?

No. Gemini enforces this holding period for almost all their users depending on the funding method and account history, a.k.a their risk factors.

How can I avoid Gemini's holding period?

You cannot completely avoid Gemini's holding period. You can reduce the potential holding period by funding your Gemini account using a debit card which could trigger a holding period up to 24 hours. However, the debit card fees are high and the limits for purchases are low, which means you can only buy small amounts of crypto at high fees.

Instead, you can use Juno to get onchain faster. Fund your account via an external ACH or Cash App or Venmo, buy crypto, and withdraw the crypto to your wallet instantly. No holding period. The core mission of Juno is to help Americans get onchain faster in an easy-to-use, trusted, and compliant manner.

Does this resonate with you? Try out Juno.