What is an approved address on Gemini?

An approved address on Gemini is a security measure to make sure you always send your crypto currency to a wallet you own. Once you add and confirm an approved address, you'll only be able to withdraw to that address going forward.

You must have approved addresses enabled on your Gemini account in order to create withdrawal schedules on ZenDCA.

This is done for each crypto currency you'd like to withdraw and disables withdrawing cryptos to any address from your account. In the extremely unlikely scenario of your Gemini account being hacked, your funds would still be safe as the attacker wouldn't be able to send to any address. Not to mention a more practical example like you forgetting to sign out of your account on a device that others can access (if you lost it, left it at a public place, friend's house, etc.)

All new approved addresses must pass a 7 day holding period on Gemini and you won't be able to transfer to any non-approved addresses after that. You can ask Gemini to disable approved addresses in the future, if you change your mind.

You can read more about approved addresses here and create a new one today on your Gemini account here.