India has a booming cryptocurrency market, but what’s the best crypto exchange in India? Who can trade there, and what are crypto exchange fees like in India?
In this review, we take a look at Giottus. It claims to be India’s top-rated crypto exchange, but does it stand up to our examination?
Check out our review of this top-rated cryptoexchange below.
What is Giottus?
Giottus is a crypto exchange based in India that allows users to trade a variety of cryptocurrencies, including bitcoin, ethereum, cardano, and polygon. It offers low fees compared to most other Indian crypto exchanges, although these are closer to average on a global scale.
One advantage of this platform is its referral program: users receive 100% of a referral’s trading fees in the first week of trading, which decreases by 10% down to a minimum of 60%. This rate is permanent after that and paid in MATIC-tokens, which is an incredible offer when taken at face value. It’s likely designed to boost the platform’s fairly low liquidity, but savvy crypto investors could take advantage of this and make significant gains.
It accepts fiat deposits in INR (Indian rupee). Users looking to make fiat deposits in other currencies will need to exchange for INR before they can purchase crypto on this exchange.
Who Is Giottus For?
The platform is mostly aimed at Indian traders looking to get started in crypto trading. Its fees are low compared to other Indian crypto exchanges, and the fact that it only accepts fiat deposits in INR makes it less appealing to traders from other countries.
It offers support in Hindi, Tamil, Telugu and English, making it accessible to users from all parts of the Indian subcontinent. There’s also a possibility of winning up to 10,000 tokens when you make an account, which is very appealing to novice traders who don’t already own bitcoin or another cryptocurrency.
It’s unclear if Giottus allows U.S. users on the exchange. The fact that you have to create an account suggests that the SEC would take a dim view of this. However, the platform doesn’t specify whether it permits U.S. users or not. U.S. traders should take note.
Giottus Company Information
Giottus is registered in India and has been active since 2018.
What Makes Giottus Unique?
Most Indian crypto exchanges struggle to compete internationally, but Giottus is aiming high with fees that are almost competitive on a global scale. However, it still values its home market, offering support in several languages.
Giottus Deposits and Withdrawals
Deposits and withdrawals are both free when using INR. It claims to be the fastest exchange in India, processing withdrawals and deposits within 5 seconds.
The platform offers very competitive fees for Indian traders and reasonable trading fees worldwide.
Giottus Reviews and Reputation
This exchange gets excellent reviews from its customers. It’s considered a revolutionary force among crypto enthusiasts in India and has a reputation for being reliable and accessible.
Giottus is an exciting up-and-comer from a burgeoning crypto market. It could become a major player in the years to come, and traders worldwide might want to get in on the action before it takes off. We watch with interest and encourage you to open an account