How To Trade With GIFA Token Exchange
It’s not a surprise that the GIFA Token exchange is gradually penetrating the international crypto market at a very alarming rate. The nearly zero-fee and smooth interface trading platform with top-notch digital assets is increasingly attracting crypto traders as far as Kyiv, Cape Town, Lagos, Sydney, Izmir, New York to Manila.
GIFA Token exchange is a node that bridges the $300 trillion global financial markets with the cryptocurrency market on one single platform. It is an extremely fluidity, liquidity, secure, and inclusive trading exchange built on blockchain technology and ready to facilitate your access to capital markets.
If you are serious about trading and investing in cryptocurrency, you better learn how to trade on the GIFA Token exchange, which may be a bit challenging to some people when it’s the first time they use the platform. To make things easier for users, in this tutorial guide we will concentrate on how to deposit, execute the trade, and withdraw cryptocurrency from the GIFA Token exchange. In order to get started on the GIFA Token exchange, there are several steps that you have to go through:
- Open Your Account
- Fund Your Account
- Start Trading
Open Your Account
As mentioned in the previous users’ guide, you need to open an account in order to trade with GIFA Token. I am assuming you already got an account, if not! Go to the official website (www.gifatoken.com) or download the mobile application and click on Register.
Then, you will be sent to the proper registration page, where you will give your details, email address, and set up at least 6-characters passwords. The email address must be a valid one that you use regularly. As for the password, you should set up a secure one, like a combination of numbers, letters, and symbols.
After that, an email will be sent to your inbox prompting for the verification. Click on “Verify Email” and your registration is complete. Now, you have an account on GIFA Token and can start trading. But there is one more thing you should do before actually trading commence, respectively ensuring your account is secure and connected to the exchange.
For security, you should set up a 2FA. This adds an extra layer of security to your account by ensuring nobody else will get to access your funds. Take a note that nobody knows your Seed Keys, not even the GIFA Token staff have access to your account.
Fund Your Account
Now that your account is opened and is secured, you can fund it. Let’s use the scenario of purchasing GIFA Token as an example for the funding process. Log into your account and click on the wallet, then Deposits. Enter the cryptocurrency you need the address for.
If BTC is the option you choose, the exchange will make sure an address is generated in order to deposit. Notice that it can take some time for funds to show up in a wallet on the exchange. Each blockchain has different transaction speeds, so it can take over 10 minutes to see the funds show up in the exchange after being transferred.
Now that the funds have been securely transferred to our exchange account, we can start trading! This is where the excitement starts. On the GIFA Token exchange, there are a few different options for order types that we can place within the exchange.
The most popular two order types are Limit Orders and Market Orders. In contrast, to limit orders, market orders only require an amount. That’s because a market order will automatically execute on the exchange at the current best price available. The best price is determined by the open orders that have been placed on the order book by other traders.
There are some nuances to how market orders are executed, so we recommend reading the other educational resources on how to get started with cryptocurrency trading. Each asset trading pair on the exchange will have its own chart, order book data, and trading history. The provided data can help us decide when it’s time to buy or sell an asset.
In order to sell GIFX for USDT at the present GIFX price of $20.55, you have to pick USDT/GIFX in the section panel. Then, click on it and you will see the corresponding trading section. Down below you see a Buy USDT (right green) and Sell USDT (reddish) button.
Select a specific price for the GIFA Token and USDT amount by filling in the Market Limit. Click the “Buy USDT” button afterward. You will see a “Limit Sell Order Created” pop-up immediately. Then move to the open orders section afterward to see the limit sell order. Wait for the open order to complete, and once it happens, your trade will be completed.
When executing buying orders or selling orders, users should ensure they use a correct cryptocurrency trading pair. GIFA Token supports different trading pairs highlighted above that can be used to trade cryptocurrency. We can view and select different trading pairs in the small scroll box on the top-left corner of the exchange. On the trading platform dashboard, there are four important features:
The (1) Wallet is the right place to go if you want to deposit or withdraw cryptocurrency from the exchange, users can click on the wallet icon to initiate the process. Let’s focus on the wallet for a while because that’s where we deposit and withdraw cryptocurrencies.
You should log into your account, if you haven’t signed up yet, please I am advising you to go ahead and complete the signup process as we already explained above. It’s a pretty easy process, so it should only take a couple of minutes.
Once you got an account that is fully connected to the exchange, now press on the wallet and can see a list of all cryptocurrencies supported by the GIFA Token exchange. Intiatietilly, you need to deposit fiat money or any supported crypto that later you could use on the exchange to execute trades and buy other cryptos.
If you check well once you log in to the exchange you can see the Order Book on the top column at the right side, a Chart in the middle, and you can also see the orders that are being executed in real-time. On the exchange, we can see some options like the Buy Order and Sell Order, where you can able to open an order in order to exchange GIFA Token to USDT and other cryptos.
Other vital features on the GIFA Token exchange are (2) Setting: Where users can make some adjustments to their accounts. (3) In the History section, here you will see all trading records, transactions, and activities happening on the account. It is very easy to detect whether there was unauthorized activity on your account! (4) Tickets: If you have any problems, open a ticket to start a new discussion so that the staff can help you out as soon as possible. All discussions are private between you and the support staff.
Can GIFA Token Be Traded?
Yes, you can trade GIFA Token with other cryptocurrencies like exchange GIFX to USDT and etc. GIFA Token (GIFX) is a native token of the exchange. Over 7 cryptocurrencies are available for trading on the platform with the options being Bitcoin (BNB), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple(XRP), Binance Coin (BNB), and, of course, GIFA Token (GIFX). GIFA Token can be traded on its own exchange, but make sure you own it and have enough gas fees in your wallet for external transactions.
Deposit On The Exchange
To place a deposit on the exchange, you must use only the real wallet address that is connected to the account where you want to deposit funds. Please paste the address below in your wallet, and fill in the amount you want to deposit, then confirm and send. You will see the QR code that popup, plus the wallet address next to it (0x29dd5d2ecfed3f805a6475b64a46f68c9ef5a90f) for paying via the mobile wallet.
Once you complete this step then send the funds to your account, using a mobile cryptocurrency wallet, and scanning the QR code. However, users must double-check the address whenever sending funds. The deposit address should match the cryptocurrency you are intended to depositing and every letter or number must be exactly correct.
If we make a mistake, the funds may get lost forever. Entering a deposit address for someone else’s exchange account but a mistake will cause the funds to get sent to the other person’s account. Since blockchain transactions are irreversible, there would be no way to reverse the transaction.
Withdraw From Exchange
Once we have traded for some time and decide to move your funds off the exchange, you can use a similar process to the one we used to deposit funds to the exchange in the first place. To withdraw funds, start by navigating over to the “Wallet” and selecting the crypto you want to move off the exchange. This will load the current balances you have for each asset in the exchange. As you can see, from those screenshots I took from GIFA Token website.
After selecting the asset you want to withdraw, enter the asset address to which you want to make a withdrawal. In this case, since you are withdrawing USDT, that you have exchanged from GIFX you need to use a USDT address. Similar to when we are depositing funds to the exchange, double-check the address. Mistyping the address can cause the funds to become permanently lost. Remember, there are no refunds or reversing transactions.
Let say you wanted to exchange GIFA Token to Tether after buying GIFA Token, you need to place an order on the exchange in order to buy USDT. The system will prompt you to fill in the address and amount, then submit the order form.
It will be confirmed in 10 minutes. GIFA Token’s exchange will send a text message to your phone with a verification code. Enter the password and the code you just received and press submit. Your withdrawal will be facilitated in a few minutes and you will see a new balance if there is no error. After selecting the price the system will automatically populate all required details in that field. From there just click Buy USDT bottom.
Luckily, GIFA Token is one of few exchanges with the lowest fees on the market. No deposit fees apply. The exchange is a commission-free investing platform, plus the exchange got a nearly ZERO charge on fees for buying, selling, or swapping any of the crypto bought via the platform. However, the customers are only required to bear in mind the gas fees (Gwei) that may be incurred directly on certain transactions. The company is very transparent about the costs happing within its network and got no hidden fees like others.
The above steps are everything we need to get started trading on the GIFA Token exchange. For further clarity and explanation please get in touch with the support team at email@example.com or open a ticket on the exchange platform to initiate a private communication.