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.