Comparison of Ascendex vs Giottus [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Ascendex vs Giottus comparison!

Your expert: Alejandro Borja

Ascendex

Your expert: Xavier Tarrasó

Giottus

Main points

Fees

0,10% /0,20%

Earns

Yes

Customer service

4/5

0,30%/0,40%

Fees

Earns

3/5

Customer service

Recommended for

Beginners

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Trading

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.1 – Low trading fees with discounts for token holders.

4.0 – Competitive fees with strong local support in India.

Level

0,10% /0,20%

0,30%/0,40%

Brief explanation

Altcoin Trader’s commission structure is designed with simplicity in mind, aligning with its overall user-friendly approach to cryptocurrency trading. The platform charges a flat fee of 0.25% on all trades, whether you are buying or selling. This rate is quite competitive within the industry, particularly for an exchange that prioritizes ease of use for beginners. The straightforward fee model eliminates any confusion about variable rates that can affect the cost of transactions, making it easier for new traders to understand exactly how much they will be paying per trade. This transparency in fees is part of what makes Altcoin Trader a preferred choice for those new to the crypto markets.

Giottus offers a competitive fee structure designed to attract both new and experienced traders. The exchange charges a 0.20% fee for takers and no fee (0.00%) for makers, which is favorable compared to the industry average of 0.2294% for takers and 0.1854% for makers. This makes trading on Giottus cost-effective, especially for market makers who provide liquidity to the platform. For high-volume traders, Giottus offers even lower fees, with the potential for customized rates based on trading activity .

Ascendex

Year Founded: Established in 2015, Altcoin Trader has been in operation for several years, allowing it to develop a deep understanding of the market dynamics and user needs. This longevity in the volatile crypto market underscores its resilience and adaptability.
Security Methods: Altcoin Trader employs robust security measures, including cold storage for the majority of the assets, which significantly reduces the risk of hacks and unauthorized access. This focus on securing user funds is a critical factor in building trust.
Reputation and Reviews: The platform has built a strong reputation within the South African cryptocurrency community. User reviews often highlight the reliability of the service, the responsiveness of customer support, and the ease of use of the platform.
Transparency: Altcoin Trader is known for its transparent operational practices, including clear communication about fees and any changes to the trading environment. This transparency helps build trust and ensures users feel secure in their trading decisions.
Customer Service: The exchange has a dedicated customer service team that is accessible and responsive. This service ensures that users can receive quick and helpful responses to their inquiries or issues, which is crucial for both new and experienced traders.

Read ascendex review

Giottus

Year Founded Giottus was founded in 2018, giving it several years of operational experience in the cryptocurrency market. This track record helps build trust and credibility among users.
Reputation and Reviews Giottus has received positive reviews from its users and industry experts, with many praising its user-friendly interface, strong security, and responsive customer support. This positive reputation further reinforces trust in the platform.
Number of Users The platform has a growing user base, with thousands of active traders. This widespread usage indicates a level of trust and satisfaction among its customers.
Customer Service Giottus offers comprehensive customer support through multiple channels, including live chat, email, and phone. The support team is known for its prompt and helpful responses, contributing to a positive user experience and trustworthiness.
Security Methods Giottus employs advanced security measures, including cold wallet storage, two-factor authentication (2FA), and regular security audits. These protocols ensure the safety of users' funds and personal information.

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Product selection

Native token

Token ASD

Earns

Yes

NFT marketplace

Yes

Cripto/debit card

Yes

Full name

AscendEX (formerly BitMax)

Giottus Technologies Pvt Ltd.

Regulation

Not regulated

Year founded

2018

2017

Founder

George Cao and Ariel Ling

Vikram Subburaj and Arjun Vijay

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Ascendex	FEATURES	Giottus
The minimum trade amount is reasonable, accommodating both small and larger investors.	Minimum Trade	Giottus allows for small minimum trades, making it accessible for beginners to start trading with limited capital.
Fees are competitive but could be improved to match or undercut major competitors.	Trading and Transaction Fees	Giottus charges a 0.20% fee for takers and 0.00% for makers, which is competitive but slightly above average for takers.
Offers a decent variety of cryptocurrencies, though not as extensive as larger global exchanges.	Number of Cryptocurrencies	With over 44 cryptocurrencies available, Giottus offers a good selection but lacks some niche altcoins.
Limited to more common pairs, lacking the extensive options found on larger platforms.	Crypto-to-Crypto Trading Pairs	The platform supports several crypto-to-crypto pairs, though the variety is less extensive compared to larger exchanges.
The website provides clear and straightforward information on fees, policies, and trading options.	Website Transparency	Giottus provides clear information on fees and security measures, but could improve by offering more detailed educational resources.
Altcoin Trader lacks a branded exchange card, limiting the versatility of funds access and usage beyond the digital platform.	Credit/Debit Card	Giottus does not offer an exchange card for customers to use for in-store purchases and receive benefits.
Provides secure cold storage options, ensuring a high level of security for stored assets.	Storage Offering	The platform uses cold wallet storage insured by Bitgo, ensuring high security for user funds.
Limited options for staking and rewards, not as competitive as other exchanges offering these services.	Staking and Rewards	Giottus offers staking options for certain cryptocurrencies, providing users with opportunities to earn passive income.
Offers functional mobile and desktop platforms, though they lack some advanced features.	Mobile App and Desktop	Giottus offers a user-friendly mobile app and desktop platform, though the web interface could be less cluttered.
Responsive and helpful customer service, providing support through multiple channels.	Customer Service	The exchange provides 24/7 support via live chat, email, and phone, but response times can be slower during peak periods.
Efficient processes for deposits and withdrawals, though mainly catering to local (South African) users.	Deposit and Withdraw	Giottus supports fast INR deposits and withdrawals via bank transfer and UPI, though it charges higher fees for crypto withdrawals compared to industry averages.

Key features

Analysis tools

Technical analysis tools, charting

Basic charting tools

Mobile APP

Yes

Security

High 4,6/5

High 4,5/5

Additional features

Margin trading, futures contracts, staking, AscendEX Earn program

Staking, fiat on/off ramps, multilingual support, Giottus Earn

Anonymity

Key points

Available cryptocurrencies

150+

20+

User-friendliness

AscendEX offers a well-designed and user-friendly platform that caters to both novice and experienced traders. The interface is intuitive, and the platform provides helpful resources to guide users through the trading process.

Giottus offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Provides good value for money, offering low trading fees and access to a variety of trading tools and features.

Delivers good value for money with competitive fees and strong local support in India, making it a good choice for regional users.

Countries of operation

United States, United Kingdom, Canada, Australia, Singapore

India

Best for

Great for both novice and experienced traders who want access to a variety of trading tools, low trading fees, and advanced features.

Best for Indian traders seeking a reliable platform with competitive fees and strong local support.

Base currencies available

USD, BTC, USDT

INR, BTC

Account

Trading

Ascendex, formerly known as BitMax, offers comprehensive trading options including spot, margin, and futures trading. Its advanced trading tools are beneficial for seasoned traders. However, new users might find the platform’s complexity challenging initially.

Giottus is an Indian exchange with easy fiat integration and competitive fees. It offers a good range of cryptocurrencies but lacks some advanced trading tools.

Deposit and withdrawal

Ascendex offers diverse deposit and withdrawal methods including bank transfers, credit/debit cards, and crypto deposits. Withdrawals are processed quickly, typically within 24 hours. Fees are competitive.

Giottus provides easy fiat and cryptocurrency deposit methods. Withdrawals are processed quickly, typically within a day. Fees are competitive, making it a good choice for Indian users.

Account opening process

Ascendex’s account opening is fully digital and quick. Users need to provide personal information and verify their identity. The process is streamlined and user-friendly, allowing for account approval typically within a day.

Giottus offers an easy and quick account registration process. Users need to provide personal details and verify their identity. The process is fully digital and typically takes less than a day to complete.

KYC required?

Yes

Customer Service

Ascendex offers customer support through email, live chat, and a comprehensive FAQ section. The response time is quick, and support is available 24/7, ensuring users can get help whenever needed.

Giottus offers support through email and live chat. The response time is quick, and the support team is available 24/7, making it reliable for users in India and beyond.

Security

Ascendex ensures security through 2FA, encryption, and cold storage. While the platform is secure, it is not regulated by top-tier authorities, which might be a concern for some users.

Giottus ensures security through 2FA, encryption, and cold storage. It is regulated by Indian authorities, providing a secure environment for investors.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I recommend Altcoin Trader for South African users new to the cryptocurrency market, given its user-friendly interface and robust security measures. While it offers a decent variety of cryptocurrencies and straightforward deposit and withdrawal processes, potential users should be aware of its limited crypto-to-crypto trading pairs and the absence of credit/debit card support. For those starting out or primarily trading in major cryptocurrencies, Altcoin Trader provides a solid platform to begin your investment journey securely.

Xavier Tarrasó

As an expert at Threenvest, I recommend Giottus for its user-friendly platform and strong security measures, especially if you’re based in India. Giottus simplifies the trading process with easy INR deposits and withdrawals, and it offers competitive fees. However, if you’re looking for a wide range of niche cryptocurrencies or are based outside India, you might find some limitations. Overall, Giottus provides a reliable and secure trading experience, making it a solid choice for both beginners and experienced traders.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of Ascendex vs Giottus [ 2024 ]

Ascendex

Giottus

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Ascendex

Giottus

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Minimum Trade

Trading and Transaction Fees

Number of Cryptocurrencies

Crypto-to-Crypto Trading Pairs

Website Transparency

Credit/Debit Card

Storage Offering

Staking and Rewards

Mobile App and Desktop

Customer Service

Deposit and Withdraw

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Base currencies available

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives Ascendex and Giottus