GIFA Token: Get Your Trading Account Ready

As the cryptocurrency frenzy continues to rise and make the news, more people are gradually learning about it and choosing the best perf...

As the cryptocurrency frenzy continues to rise and make the news, more people are gradually learning about it and choosing the best performing and low-risk altcoin to invest in.

 

Here is a quick highlight of how to get started trading on the GIFX exchange. However, it is a highly volatile asset that must be traded with caution. Before you get started with crypto as a beginner or a pro, there are certain things you must know and put into consideration, some of which have been highlighted in this quick guide for trading.

Introduction 

Cryptocurrency is a highly volatile asset and if you’re not careful, you are likely to lose all your assets while trading; calculated that you are also on a flipping dual side of hitting a jackpot and become rich overnight. The trading of cryptocurrency is not gambling that based on luck and some fate. Cryptocurrency trading is based on personal skills, discipline, and experience.

What is a trading account?

A trading account is a portal used by investors and traders to purchase stocks, forex, bonds, securities, or cryptos, and; this oftentimes related to the chosen types of investments whether commodities, bonds, or digital currencies. There are different types of trading accounts available which are not in the scope of this article. 

Hope you already learned about cryptocurrency in general and the different coins available in the market, especially the altcoins that backed by intrinsic values and physical assets like GIFA Token.

 

Although, the exchange will update the users with necessary educative market insights, analytics, and the trading curve you’ll need to get to grips with the technology involved and learn how to make sense of the trading data. There are over 4000 cryptocurrencies available today, which makes it a bit of a hassle to select the best one.

 

Everyone is familiar with Bitcoin, which is the first and most popular cryptocurrency. However, it is always advised to diversify your asset, so you can’t completely rely on Bitcoin. You also don’t have to invest in bitcoin just because it is popular. It’s always best to do your research and understand what you choose to invest in because not all coins are the same.

 

Key things to consider while choosing a cryptocurrency include the team behind the coin, the community backing it, the technology, foundations, pricing history, and credibility. Knowing all of these will help you make the right decision. Most importantly, learn to follow updates closely about the coins you choose to invest in. This will help you know the best time to trade and make the most of your investment.

 

How I get started?

To get started trading cryptos on GIFX exchange a user needs to create a trading account additional to his or her normal account which is already opened on GIFX exchange. Remember, the trading account that you need to open is separate from your actual account and also comes along with its own mobile App "GIFX Exchange" which you can download from the market stores.

 

GIFX exchange is recommendable because it appeals to beginners as well as more advanced traders. Plus also, it has a wide selection of cryptocurrencies include DOGECOIN and top-notch security features to make your trading account completely safe and secured.

Cryptocurrency trading 

Cryptocurrency trading is the act of speculating on cryptocurrency price movements or buying ("high") and selling ("low"). Honestly speaking each individual trader has his choices and preferences some like to hold their assets without selling anything, whether be it low or be it high, they are just holding it. What they aiming for is only a long-term investment gain.  

You can speculate on cryptocurrency price, with a small deposit to go for a (''wild buy'') if you think a cryptocurrency will rise in value, or (''quick sell'') if you think it will fall. Both are leveraged strategies professional traders use these days to get exposure to any altcoin in the market.

The requirement to open a Trading Account? There are some criteria that needed to be met, actually, you will naturally know as you go through the account opening process. The most important point is that GIFX exchange needs to know a good deal of personal information about you. The information needed for account handling, tax tracking, identifications, and verification. Investors/traders are always advised to provide accurate personal information about themselves to avoid any future contradiction and account disputes.

GIFX exchange will verify and approve the account if find it holds some veracity. With these data entered into the official book, the exchange will then able to contact the user and discuss some changes in their accounts. Users can use those datasets to execute their purchase orders and authenticate trading.

Data policy

GIFX exchange has a policy put in place regarding user privacy and how your information is handled. Make sure you take the time to familiarize yourself with this Privacy Policy of how your personal information used. The following is a list of the personal information the exchange platform will likely collect and kept if necessary:

• Your full name
• Street address
• Phone number
• E-mail address
• Social security number (USA)
• Date of birth 
• Identity (National ID / Passport / Driving License / Municipality Bill)
• Status (title)
• Place of employment, 
• Approximate annual income (not mandatory)
• Tax records (not mandatory)
• Any previous trading experience. (option)

Realize all the information provided above will determine your eligibility to have a GIFX trading account. There are some basic rules like, Know Your Customer (KYC), and able to cope and handle any risk. 

How to fund a Trading Account

When you want to open a trading account, the best way possible is to fund your account by putting in a deposit, or paying with PayPal, bank transfer. We mostly talked about payment methods available on GIFA Token's website. Your initial deposit can be made through wire, debit & credit cards, or swap other cryptos you holding to the token. 

The trading platform has a user-friendly design on both its website and mobile app. It makes buying, selling, and trading crypto easy as well as holding digital assets.

Those who interesting to make passive income using an advanced trading platform can go to GIFX exchange's official website and sign up for trading. The exchange has real-time analytic charting tools and there are no fees to open a trading account. 

Security is a must for the best cryptocurrency exchanges, which GIFX exchange excels at. Meaning your digital assets are kept in a secure wallet. All accounts have two-factor verification, so you log in with your username, password, and a code the exchange sends to your phone if you have enabled this feature.