R ARIVANANTHAM
CHENNAI, MAY 5
One should carefully make his or herr investments in crypto assets and that too through the known and trusted platforms, said Vikram Subburaj, Co-founder and CEO of Chennai-based Giottus trading platform here on Thursday.
Giottus crypto platform positioning in the second place among the top ten operators in the country has over 10 lakh customers in its kitty, said Arjun Vijay, Co-founder and COO.
Though the government is yet to regulate the Crypto currency market, over 20 crypto exchange platforms were operating across the country, the founders said.
- Union Finance Minister had announced that those making profit in crypto trade should pay 30 percent tax and apart from that the operator has to deduct 1 percent TDS and remit the same to the concerned authorities
Union Finance Minister had announced that those making profit in crypto trade should pay 30 percent tax and apart from that the operator has to deduct 1 percent TDS and remit the same to the concerned authorities. The TDS can be adjusted while filing the annual ITR, said Vikram Subburaj.
The crypto exchange operators and investors need a comprehensive regulation, an independent regulatory authority, added Arjun Vijay.
Educated as well as the lay men should be educated on crypto assets, because it is necessary to safeguard them from cheating, they added.
Qiottus has aggressive marketing plan to reach out to the unreached through creating awareness on safe crypto investments. Out of the 1 million customers 40 percent are from tier-II and tier-III cities in the southern states, said Vikram Subburaj.
As of now, Qiottus is offering its services in 8 Indian languages and it would be expanded in future.
The investors who have any query regarding crypto investments can approach their office at Perungudi, the founders added.
All-in-one crypto investment platform
Giottus a customer-centric, all-in-one crypto investment platform that is changing the way Indian investors trade their virtual digital assets. Giottus is the only bootstrapped exchange in India to have achieved this feat. Founded in November 2017, Giottus opened up for trade in April 2018 and has remained resilient through regulatory uncertainties over the years.
Key features of Giottus that a crypto investor can take advantage are
- Crypto users are used to having multiple accounts depending on their goals, convenience and objectives. But moving around does not come free. There are fees involved at every withdrawal. At Giottus, TRX withdrawal fees, for example, are free. This makes the platform a very popular exchange among the advanced users who are used to moving crypto assets all the time.
- Giottus is a zero-fee exchange. While unbelievable it may sound at first, let us see if we are bluffing or not. Once you sign up and complete the KYC, bank verification, there is an instant deposit feature available with zero fees. Once you do that, you can buy the first BTC (with zero fees). Or, if you need to buy any other crypto, you can either buy USDT or BTC again with zero fees or then buy whatever crypto you want at zero fees again. Believable now, huh?
- When it comes to investment amounts, there is no right or wrong in the amount you choose to invest in Bitcoin, if you invest less, you will make less. If you invest more in BTC, then you get more returns. Same for losses too. The good thing about Giottus is that you can invest from as low as Rs.10. If you are scared to go with big amounts of money, Giottus lets you build trust first.
- Giottus has partnered with leading global exchange Bitfinex to provide deep liquidity, which means you will be able to exchange your asset for fiat currency (INR) anytime. To be honest, it depends on the interest of the users who want to trade too, so the liquidity partly depends on the demand generated by the customers also. It’s a two way street but we are one of the best in ensuring that.
- Security of customers is paramount to any business and Giottus is at the forefront of that. Giottus has partnered with the Global leader in custodial service, Bitgo, to ensure insurance protection to your investments. Cold wallets are secured by 100% insurance against cyber thefts.
- Now to the subjective parts. Investing/trading is intuitive and straightforward as Giottus designs every feature to hide the complexities that could confuse the new investors. The KYC process is instant, and you can start investing within minutes of submitting the KYC details. Well, sometimes, documents might get rejected and can become frustrating but the support team is one of the best. Let’s look at that now.
- Giottus arguably has the best customer support in the industry and you get an answer within 4 hours of raising a ticket. You can also converse in Hindi, Tamil, Telugu, and Bengali, apart from English with our support team.
Giottus bouquet
In line with its stated aim of making crypto investments easier and safe, Giottus has launched investment products like Baskets, FD, and SIP.
Giottus Baskets are a curated, thematic selection of crypto assets. Starting at Rs.100, Baskets let you invest in a set of crypto assets with one-click. Over the long term, baskets represent the smartest way to invest in the growth of a theme such as DeFi, Metaverse etc.
Giottus SIP
Giottus SIPs allow investors to automate and schedule regular buys of popular crypto assets. SIP is a proven method of beating volatility in an emerging market like crypto.
Giottus FD
Giottus FD offers the best fixed returns on crypto holdings. The platform offers industry-best APY rates of up to 20% on Tether-USDT, 30% on AXS, and 25% on APE. The advantage is that investors can earn returns on your idle crypto assets over various terms — weekly, monthly, quarterly, and annual.
