Giottus is an Indian cryptocurrency exchange platform that offers its users a varied domain of cryptocurrencies to trade. With some quality features like free tokens, fail-safe cold wallet, and multilingual customer care support in the platform, it makes it a perfect choice for beginners who are new to crypto trading and also for veteran traders.
You might be new to this trading platform. Thus, to help you make better decisions regarding your first trading experience, we have curated this Giottus Review consisting of every necessary information whatsoever.
Table of Contents
- Giottus is a cryptocurrency exchange platform offering a vast range of cryptocurrencies to trade-in, optimum for beginners and proficient crypto traders.
- The platform is easy to use with multiple user-friendly features curated for a smooth and amazing experience.
- Their cold wallets are fail-safe, and to ensure the same, they have partnered with the Global Leader in custodial service, Bitgo, to ensure insurance protection to the user’s investments.
- The charge for doing any trading activity (crypto exchange/trading) calls for a fee listed on their website and app.
What is Giottus?
Giottus is an Indian cryptocurrency exchange platform based in Tamil Nadu and is a verified site. Currently, they have a trading volume of $159,372,070.92 (source: CoinMarketCap), which is almost double that of last year’s stats. It’s pretty much the same as other crypto exchange platforms, for example, CoinDCX and CoinSwitch Kuber. However, the critical feature that helps Giottus stand out from the rest is its excellent security provided through 100% insured cold wallets and the multilingual customer care support desk. Also, something very astounding is that they offer Ripple, Litecoin, and Bitcoin Cash as base pairs apart from Bitcoin and Ethereum.
Giottus serves its consumers through a website and a mobile application available for both Android and iOS users. Anyhow, the Giottus app is found to be much more straightforward, intuitive, and user-friendly, unlike the website, whose User interface feels a bit crowded. It somewhat feels as if the designers want to swarm every piece of information in the same window space, which kind of counts as an unpleasant user experience for beginners. However, for the veteran traders, the UI might be okay!
Giottus Review: Features
The platform consists of some fantastic and intuitive features that make the whole trading experience on Giottus app fun and interesting. So let’s look at the features of Giottus cryptocurrency exchange one by one to get more significant insights into this platform.
Fast INR deposits/ withdrawals
Giottus app gains some brownie points for this feature as they ensure that their consumers don’t face any sort of delay in their trading activities. Completion of KYC is superfast; it barely takes 5 seconds. Moreover, you can instantly deposit INR through multiple banking systems or through UPI.
Giottus Review: P2P Trading
P2P trading, or peer-to-peer trading, is a service offered by autonomous platforms wherein two individuals can directly come in contact for trading without the intermediation of any third-party sources. For example, Giottus offers P2P trading, which is more safe and secure than general buying and selling.
Giottus Review: Stop-loss Feature
The Stop-loss feature is simply an advance order you place with a limited buying or selling price. When you limit sell order, you instruct the broker to sell the assets at a particular price set up by you to minimize your losses from the market order value.
Multilingual Customer Care
Some more brownie points for a super active and responsive customer care support team. Giottus ensures to assist their users 24×7 and to make that happen, they not only have a humble customer care team on board but they are also multilingual, currently serving in English, Hindi, Tamil, and Telugu.
Insured Cold Wallets
Their cold wallets are 100% insured and fail-safe. To ensure the same, they have partnered with the Global Leader in custodial service, Bitgo, to ensure insurance protection to the user’s investments. The sensitive personal information is fully encrypted and securely stored. Their systems are built to high standards, audited, and have undergone rigorous internal and third-party testing cycles. Hence, robust security!
How to trade on Giottus?
- First, you need to make an account. For that, you can either log into Giottus’ website or install their mobile application (Android and iOS).
- Fill in your email id, phone number, and password to create your account.
- Read and accept the terms and conditions, and there you go! Your account is ready.
You will receive two confirmation codes, one OTP on your phone number and the other on your email id. This step is required to ensure the complete safety of your account.
- You then need to verify your KYC so as to trade on this platform.
- Once done, you are all set to make your first trade.
Giottus Review: User Experience
Giottus’ tradeview in the website has some pretty polarizing opinions. For some, the Giottus tradeview is apt as they get all the necessary information in one window. But for a beginner, this might seem a bit off and can put their naive mind into confusion. On the other hand, the Giottus app is more straightforward, intuitive, and user-friendly, unlike the website.
Unfortunately, it feels like the designers want to swarm every piece of information in the same window space, which counts as an unpleasant user experience for beginners. However, for the veteran traders, the UI might be okay!
Is Giottus Safe?
Yes, Giottus is safe to use as it features a multilevel authentication system to keep the users and their accounts secure rather than just using a single authentication mode. Security being an essential feature of a good platform contributes to Giottus’ high-performance rate. Good exchanges strive forward to give users the highest level of security by providing them with extra layers of security protocols and keeping their assets in a safe wallet. Giottus is partnered with Bitgo (a global leader in custodial services) to ensure consumers have their assets secured.
Giottus Review: Referral
The Giottus referral program is a way to earn free tokens by following a few simple steps.
You just have to refer one of your friends to the Giottus app using the referral code provided to you after the KYC completion, follow Giottus on Twitter and Facebook, and spin the wheel to earn rewards.
Also, read Best Paid And FREE Crypto Trading Bots
The fees generally vary for each coin transaction and are different for trading activities. Summing all of it up here would be tedious and confusing. Therefore, it’s better if you look into the details yourself. You can find more about their fee structure in the document here.
One dodgy thing about this platform is its claim regarding the trading fees. They claim that their trading fee is the lowest in the market. Moreover, they don’t charge on INR deposits and withdrawals. Though, upon research, we found out that their taker’s fee is 0.25% per trade and maker’s fee is 0.15% per trade, which may look slightly above the current market rates.
However, one pretty important thing to note here is that these charges are against INR, whereas the fees of other global platforms are generally against USD. This might explain their claim of the lowest trading fees. Regardless of the same, for more details, refer to this document on Giottus fee structure.
Giottus Review: Pros and Cons
|Secure cold wallets||Confusing UI on the web|
|Low fees||No clarity on fees; INR market is assumed|
|Super fast processing engine||Extremely low trade volume|
|Multilingual customer care desk||No USA traders|
|Offers XRP, LTC, and BCH as base pair|
Giottus Review: Conclusion
Giottus, as a cryptocurrency platform, has a lot of potential and a bunch of features to offer. The easy and fast transactions, low fees, secure cold wallets, their referral program, and multilingual customer care desk are some of the amazing features of the platform. Though minimal in number, the cons are what we expect to get resolved soon. This platform can prove a boon to kickstart their trading journey for beginners. Overall, Giottus is growing very fast, and it is pretty anticipated to look up to it. This indeed is a reliable source to utilize.
Frequently Asked Questions
Is Giottus safe?
Giottus is a safe and legitimate platform, to begin with your trading. The wallets are secured with high-grade security. Additionally, their assets are stored in a secure cold wallet that is 100% insured.
What coins are available for trading?
Giottus supports a vast number of coins like Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Tether (USDT), USD coin (USDC), Ripple (XRP), Stellar (XLM), and many more.