Gemini Crypto Exchange Unveils Rewards Program For XRP Holders: Step-by-Step Guide To Participate

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Gemini’s XRP Cashback Program Overview

Gemini, a cryptocurrency exchange founded by the Winklevoss twins, has launched an innovative initiative known as the XRP cashback program. This initiative allows participants to earn rewards on their XRP transactions, particularly when using the Gemini Credit Card for purchases.

The Launch Announcement

On March 27, Tyler Winklevoss drew attention to this program, reminding XRP supporters on social media about the potential rewards. The Gemini Credit Card, which was introduced in collaboration with Mastercard back in 2021, offers users the chance to earn crypto rewards on purchases made with various cryptocurrencies, including Bitcoin, Ethereum, and XRP.

Key Features of the XRP Cashback Program

Since integrating XRP into its cashback offerings in August 2023, Gemini has aimed to solidify its commitment to supporting this prominent cryptocurrency. The announcement received positive feedback from the XRP community. Tyler Winklevoss emphasized that users in the United States can earn cryptocurrency rewards each time they use their credit card for regular purchases.

Cashback Rates and Categories

The Gemini Credit Card features a tiered cashback system that varies by purchase category. Here’s a breakdown of the cashback offers:

Gas and EV Charging: 4% XRP cashback (monthly limit of $200).
Fuel and EV Charging: 1% XRP cashback after reaching the monthly limit.
Dining: 3% XRP cashback.
Groceries: 2% XRP cashback.
Other Purchases: 1% XRP cashback.

This cashback structure promotes XRP’s usability and encourages broader investments as more individuals see the benefits of accumulating crypto rewards.

The Rising Popularity of XRP

XRP, currently one of the largest cryptocurrencies by market cap, is now trading at around $2.13. By integrating cashback options, Gemini and other exchanges such as WhiteBIT and Bit2Me are making it easier for users to engage with XRP. These initiatives contribute significantly to the broader adoption of cryptocurrencies and position XRP as a viable option for digital payments.

Getting Started with Gemini’s XRP Cashback Program

For those interested in joining the XRP cashback program, potential users must first qualify for Gemini’s Credit Card based on their credit scores. Approved applicants must obtain their credit cards by June 30, 2025. New cardholders can earn up to $200 in XRP cashback by spending at least $3,000 within the first 90 days of obtaining the card.

Once earned, XRP rewards are automatically allocated to the user’s trading account on Gemini. Users can choose to hold, trade, or sell their earned XRP at their convenience. Additionally, the Gemini Credit Card comes without any annual fees, foreign transaction fees, or exchange fees, allowing users to grow their crypto portfolios efficiently.

Featured image from SCMP, chart from TradingView

Please follow and like us: