The Northern Cyprus-based, crypto exchange GIFA Token is a well-established and respected cryptocurrency exchange. The exchange become one...
Overview
- Buy / Sell Bitcoin
- What currency should I use?
- As an inflation hedge
- Should I Buy crypto now?
- Difference between Bitcoin and GIFA Token.
- Is it safe to buy crypto?
- How do I make money with crypto?
- What are the taxes on trading?
- How can I buy Bitcoin?
Buy / Sell Bitcoin
But you may not want to hop on the Bitcoin train this so late in the crypto world. Instead, you may hope to find the next big mover in the cryptocurrency space and get in on the growth story earlier. If so, we recommend you start buying now. GIFA Token is an online and offline exchange platform that offers financial investment services, crypto trading, and digital wallet. When buying bitcoin or any crypto you preferred, the company provides you a free digital wallet, but you are not mandated you can withdraw the crypto to any wallet of your choice.
What currency should I use?
EUR, GBP, USD, or the local currency like TL if you living in Turkey is the best option is to purchase Bitcoin and GIFA Token as well. Other crypto exchanges may have a variation for this option. To take advantage of this: If there is a chance you own a multi-currency bank account, USD has been the best liquidity among all the exchanges.
As an inflation hedge
Realizing the full impact of inflation on personal wealth has driven many people across the world to convert cash to assets like Bitcoin that protect their wealth against inflation. The original cryptocurrency shares many of the same properties as gold in terms of its suitability as a store of wealth and a protector against inflation. Gold has long been regarded as the go-to inflation hedge. But the world is much different now.
Blockchain technology has heralded the rise of an entirely new asset class. Today, we have cryptocurrencies that have inflation-resistant characteristics. Both Bitcoin and GIFA Token are excellent hedges that are arguably better than gold. Digital currency is a store of value that isn't tied to any particular fiat money or economy. So, investors must take on more risk to offset the traditional concepts in order to pave a way for new profitable opportunities.
For people tired of being the victims of inflation, cryptoassets represent an unprecedented opportunity. What other asset class offers the opportunity to effectively protect your wealth from inflation while investing in an alternative to the very system driving that inflation. This incredible opportunity has attracted people to become early investors in the next global financial system that is still available to everyone. GIFA Token’s economic inclusiveness allows investors to instantly purchase a diversified portfolio of the top crypto-assets by market cap.
Recently, the Turkish currency ''Lira'' weakened by nearly 10% against the USD, and this has opened a prospect of high inflation. The lira plunged to a record low of 12.51 on Tuesday — down 9.9% from Monday’s close. The currency was trading at 14.08 against the EUR. The TL, the once stable currency has lost some 40% of its value since the start of the year. Inflation is running at around 20%, eroding the public’s purchasing power.
GIFA Token is a hope for Turkey...
The 10-year benchmark bond yield rose above 21% for the first time since the start of 2019. Turkey's sovereign dollar bonds fell more than 1 cent in early trading, Tradeweb data showed. As the lira continues to plunge, the main share index (.XU100) rose 1% due to suddenly cheap valuations.
However, bank stocks dropped, with the banking index down 1.3%. Investors have sought other alternatives to protect their finances and interests, trying to gauge the increasing inflations by investing more in digital assets such as Bitcoin and others. If you're looking for a recession-resistant investment that can combat inflation and has long-term growth potential, GIFA Token is probably the best place.
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| Use the cryptocurrency as an inflation hedge. |
For using GIFA Token exchange - you have the backing of several reputable financial bodies, security issuers, and international companies that trusted and invested in the company for many years. If you're wondering where to buy Bitcoin, the GIFA Token platform which is good for beginners and professional traders alike will take care of you. The fee is quite low and they offer easier payment options. All you need to do is open an account, make a deposit with a debit/credit card or bank transfer, and decide how much you wish to invest in Bitcoin or any crypto it's surely depends on you.
Should I Buy crypto now?
Whether or not you should buy cryptocurrency is your own decision. On the one hand, Bitcoin is super liquidity and volatile, buyers can experience rapid price shifts on a day-to-day basis. But, Bitcoin is one of the best performing asset classes in recent years. With that in mind, if you do have an interest in crypto but have a low tolerance for risk - just make sure you keep your stakes conservative.
The difference between Bitcoin and GIFA Token
Bitcoin is a digital currency that is not backed by a central bank or government and same as GIFA Token. Both use the decentralized network on the blockchain ecosystem with no single entity having control over it. On another hand, GIFA Token too has the same characteristics as any cryptocurrency out there, but however, GIFX is an Ethereum token that has the advantage of flexibility and scalability.
Is it safe to buy crypto?
Crypto investment is a lucrative investment in 2021. Of course, all investments carry risk - including stocks and commodities. However, for someone who has done enough research and is confident, buying bitcoin or GIFA Token is very safe. Soon, you will reap what you have sowed and smile all the way to the bank!
How do I make money with crypto?
Usually, you make money with cryptocurrency by trading or investing it in the long term. However, you can also mine cryptocurrency if you have enough resources and energy. Owning crypto is a good investment because it also provides a healthy hedge on your finances against inflation, and its sizable returns render a huge opportunity to maximize your earnings.
What are the taxes on trading?
There are different tax rates on trading cryptocurrency. However, it primarily depends on your region and the applicable tax laws in your country. Many governments around the world are eyeing cryptocurrency’s advancement warily. Some countries, like El Salvador, have adopted it as currency and tax-free. But major economies, including the United States, UK, Russia, and others are treating crypto assets as property for tax purposes. Just like other forms of property like stocks, bonds, and real estate, you incur capital gains and capital losses on your cryptocurrency investments when you sell, trade, or otherwise dispose of your crypto.
How can I buy Bitcoin?
If you would like to make an instant purchase, you will need to have an account with the GIFA Token exchange. Once you register and verify your account, you will be able to make quick Bitcoin purchases whenever and wherever you like. Sign-up now by following this link: https://gifatoken.com/
If you need any assistance on how to open the account, please get in touch with the GIFA Token crypto team at +90 392 611 6000 (Ext 336 & 339) or email them [email protected] / [email protected] or call directly during working hours.