Why Think Thousands of Times Before Trading in Digital Coins Through Giottus?

Many stories of being cheated by blockchain based companies have been highlighted in the past two years. Some of them got succeed in escaping from the users and the government as well and shifting to other countries to spend a tension-free life, while, others found it hard to find out a safe place for them. In any of such incidents, individuals who invest their hard earned money have to bear the ultimate loss. So, it is highly advisable to check out the complete details and reviews about a company through which you are going to buy, sell or trade virtual coin.

Today here in this blog I am going to provide you with a genuine and complete review about Giottus, which claims to be the India’s fast, reliable and secure cryptocurrency trading platform. However, on the real ground, things look quite different from what they have been seen.

The company maintains a very slow and hard to use order matching engine through processing of even 10,000 transactions per second is a quite difficult job. Over their website, they also ensure you to accept the lowest trading fees in India. But, you can compare their fees with other digital currency traders and would find it relatively higher. The very slow and unfriendly INR Deposit/Withdraw method also makes it difficult for you to deposit or withdraw of INR with the help of any mode, including Payment Gateways and NEFT/IMPS/RTGS.

There is no scope of enjoying a hassle-free process when you think about checking out their KYC verification method. The useless and complex identity verification module over their website makes it difficult for the users to get their KYC verified fast. In several cases, you have to wait for days, week or month to get the approval on the verification of your KYC. And, for this reason, you are expected to experience a long delay in allowing you to start trading through their platform.

The presence of fake partnerships with Banks also makes your way difficult for trading if you are still serious to choose them to sell or buy any of your preferred digital coin. They have partnerships with only a few small and unauthorized banks. In such cases, you might be in trouble while making transactions especially in a case if most of banks withdraw their support.

Over the homepage of the website, you will also find a claim to be the world’s only exchange to have Ethereum, Bitcoin cash, Litecoin and Ripple and as base pairs in addition to Bitcoin and Fiat Currency.  Your experience of buying or selling another crypto currency gets worsen if you plan to convert your crypto assets to INR through their website.

Although you can do the same directly their website, you might have to waste a huge amount of time and pay heavy transaction costs to get the job done. With a team of fake employees and fake investors – you will always be surrounded by the fraud schemes and plans.

Is Trading in Digital Coins Through Giottus Safe for Everyone?

Today’s people are more likely to invest their hard earned money in safe and secure places instead opting for the cryptocurrency. The low inclination towards the digital coins is a result of countless cryptocurrency scams and frauds that came into limelight in the last few years. The market is still full of companies that claim to offer numerous benefits, but, on the practical ground, these offers are not convincing. Giottus is one of the fake cryptocurrency firms, which have nothing to offer, but several fake digital coin schemes.

The company actually commits to provide a safe and secure platform to sell, buy and trade Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Ethereum (ETH) and Bitcoin (BTC). But, in actual, all their commitments are not real and you will have to get disappointed at many times. They include a very low user base, but over their website you are promised to become a member of the India’s biggest digital coin chain. Their security measures and testing are so weak that your money will always be at the risk of losing.

Many investors have already changed the platform to invest their hard earned money in different digital currencies due to fake promises the company provide to their customers. Even you might be cheated by showing a fake list of investors. Over their website, you can also check out a list of employees, who actually don’t exist. Over an all, you will be promised to get a lot, but you will not obtain half of it. The website is secured by an unreliable payment method, so it will also be difficult for the customers to focus on their trading.

In case of any discrepancy you are assured of getting the quick customer support service from the company. However, when the problem arises actually, you will get only the fake promises, not more than that. Sometimes you will also be asked to pay a significant sum of money to their representatives by resolving your queries. The more you get into them, the higher chances would be of losing a huge amount of money. Make sure to change your medium to trade in the digital coin world before getting fooled by them.

The company considers themselves as a platform where users have to pay the lowest trading fees in India. However, the company has a plenty of other ways to make a hole in your pocket on the name of other charges. A long KYC verification process also makes a reason for you to think about changing a platform to trade through cryptocurrency.  Sometimes, you have to wait for a number of days to get your KYC approved and start doing a business with them.

They have partnership only with a few banking institutions, so there are also possibilities of leaving in between in the case of withdrawing the support from the banks. You will have also face a long queue in depositing and withdrawing INR as per your need. There are lots of other negative things that are enough to give you a bad digital trading experience when you are with Giottus.com.