Bitcoin and GIFA Token, a concept of the prices surge. GIFA Exchange has its own digital cryptocurrency, which is known as ''GIFA To...
 |
| Bitcoin and GIFA Token, a concept of the prices surge. |
What is GIFA Token?
GIFA Token is a decentralized digital currency backed by GIFA Business Group and powered by blockchain technology in promoting economical inclusiveness services to all. As an ERC-20 token, GIFX is programmed with a high utility value that will deliver maximum benefits to investors and users. GIFA Token was launched in 2020, and the platform is now one of the fast-growing cryptocurrency exchanges in the industry.
How does GIFA Exchange Work?
In order to get started on the GIFA Exchange platform, you will need to make a deposit. GIFA Token supports some payment methods such as bank transfer, wire, and playing with another crypto in order to fund your trading account.
1.) Open an account
To register for trading just go to the homepage and click on ‘REGISTER’. Next, enter your email address and other relevant information that identifies who you are. You’ll have 60 seconds to obtain the 6-digit PIN number and paste it into the box. Before clicking on confirm, make sure that you read and accept the terms and conditions. Finally, your GIFA Exchange account is now ready to use. It is highly recommended to use a strong password. Before you continue you need to increase the security of your account. Set up both SMS verification, 2FA, and a separate password for a trading account.
2.) Deposit funds
Now that your GIFA Exchange is open, you need to deposit some funds. Don’t forget, that to use the trading platform you need to top up your account, by depositing any crypto or fund. Before you can continue, you’ll be told that you need to increase the security of your account. Set up both SMS verification and a separate trading account password. Once you’ve done this, simply select your preferred cryptocurrency, copy your unique GIFA wallet address, and transfer the funds across from your private address. Regardless of the coin, you are depositing with, GIFA Exchange normally takes around 10-20 minutes to credit your account.
3.) Trade crypto
As soon as your account is funded, you can begin trading. First, click on the ‘EXCHANGE’ button in the mid of the screen to get to the main page (https://exchange.gifatoken.com/). You’ll then be taken to the main trading area. For beginners, this can look a bit intimidating. But, don't worry the support is available 24/7 hours when you need it, just open a ‘TICKET’.
On the left-hand side, you need to enter the cryptocurrency trading pair that you want to trade. The search box will auto-populate once you start typing. For example, if you want to trade BTC with GIFX, start typing ‘BTC/GIFX’. Once you’re on the trading screen for your chosen trading pair, you need to fill out the order box.
 |
| The screenshot is taken from GIFA Exchange https://exchange.gifatoken.com/ |
Which countries does GIFA Exchange support?
Currently, GIFA Exchange supports customers from almost 200 countries across the globe. However, GIFA Exchange does not accept users from certain states. Access to the platform is restricted for regulative reasons unless otherwise authorization is given. GIFA Exchange has a very low trading fee structure.
The platform doesn't charge when users deposit funds and only take 0.05% on withdrawal, which makes it one of the cheapest cryptocurrency exchanges in the industry. Depending on how much you are holding, the absolute minimum fees can further go down to 0.03% for regular traders.
Is GIFA Exchange safe?
GIFA Exchange is considered to be one of the safest cryptocurrency platforms in the world. GIFA Exchange encrypts its clients’ data to provide a base layer of security from hackers and malicious entities. Built to exacting standards, the platform's encryption and data security provide a safe transaction environment. More than that, most of the crypto assets stored in GIFA accounts are also stored in cold wallets. The platform does utilize a range of security features in an attempt to keep your money safe, which we’ve listed below:
- Two-factor authentication
- Separate trading password
- Email verification on login
- Encrypted client data
Do I need to verify my identity to use GIFA Exchange?
Yes! Although you can technically use GIFA Exchange even without verifying your identity. However, there will be restrictions imposed on you such as withdrawal limit and access to some features until you undergo a full verification process. That’s why, if you want to use GIFA Exchange fully, you’re going to complete the KYC process. To do so, follow the steps provided during your registration on the platform.
You as GIFA Token hodler have a right to privacy: For the purpose to be anonymous, always remember to use a VPN with Brave Browser as your default browser. For your VPN I recommend HotSpot Shield. Brave Browser takes advantage of the TOR NETWORK so you can browse and trade with extra security.
Does GIFA Exchange have an app?
GIFA Exchange offers both exchange and digital wallets on mobile applications that are available to download free of charge on both iOS and Android devices. The GIFA Exchange app provides all of the same services that you can access online. This includes the ability to trade, deposit and withdraw funds, check your transaction history, and research pricing charts.
How many assets does the GIFA Exchange list?
Over 43 coins are supported by the GIFA Exchange platform, new and more others will be soon added in the future on the platform to cater to all traders and investors who could find plentiful cryptocurrencies they are interested in purchasing or trading. Apart from BTC, ETH, and GIFX trading pairs, GIFA Exchange supports most of the popular stablecoins such as Shiba Inu, Litecoin, Bitcoin Cash, Tether, Dogecoin, ChainLink, MANA Coin, Sandbox, Wrapped Bitcoin, OMG tokens, Xerox, Hex Coin, Quanta Coin, Huobi Coin, KuCoin and many more others.
What's the trading fee on GIFA Exchange?
In terms of trading fees and gas fees can range from a few dollars to as much as $20 per trade, depending on the exchange platform. These fees can be associated with withdrawal, swapping, or executing other transactions on the network. The typical industry standard fee for options trading is $0.65 to $1 per contract.
Ethereum gas fees could be high depending on each specific day, thus putting a strain on everybody’s wallets. With an average Ethereum gas fee now sitting at more than $46 for ERC-20 transfers. Luckily, even at the base rate, GIFA Exchange still has one of the lowest trading fees around, at only a 0.1% fee for every transaction. There’s a withdrawal limit, and amount limits often vary depending on the level.Conclusion
In summary, if you are looking for an exchange that allows you to buy and sell top-notch cryptocurrencies – both large and small, then GIFA Exchange is certainly a notable contender. Moreover, the trading platform offers a full range of charting tools, which makes it ideal for experienced traders.