Yesterday, NYC-based bitcoin exchange Gemini announced on their blog the launch of multi-user accounts. The feature, launched last weekend, allows multiple users (sub accounts) to access the same trading account (master account). The user who runs the master account, called the “administrator,” can then designate other role types to other users. These include:
- Manager – User has ability to manage users and transfer funds, but doesn’t have access to API keys or order placement.
- Trader – User access is limited to data viewing and placing/cancelling orders.
- Auditor – User access is limited to data viewing.
Gemini’s personal account users can also invite family members to join their account. This can potentially go a long way to introduce bitcoin to a wider audience. For example:
- If a family member wants to try trading bitcoin, you can assign their sub account the trader role. This allows that person to learn about bitcoin through active participation while limiting their ability to make significant changes to your account.
- If a family member is not comfortable with trading, you can assign their sub account the auditor role. This allows that person to view trading data to better understand the trading process.
There are still misunderstandings within the general public about bitcoin and digital currencies. Through shared accounts, non-users can better understand bitcoin with someone they trust.
Logos courtesy of Gemini