Comparison of Giottus vs Safetrade [ 2024 ]

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

Your expert: Alejandro Borja

Giottus

Giottus

  • Threenvest valuation: 3,6/5
  • US legal: No
  • Security: High 4,5/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

safetrade

Safetrade

  • Threenvest valuation: 2/5
  • US legal: No
  • Security: Low 2/5
  • Mobile App: No
Go exchange

Investing risks losing your money

Main points

Fees

0,30%/0,40%

Earns

No

Customer service

3/5
≈ 0,10%

Fees

Yes

Earns

3/5

Customer service


Recommended for

Beginners

No

Trading

No

Passive income

No

Buy and hold

Yes
No

Beginners

No

Trading

Yes

Passive income

No

Buy and hold


Comparison of fees

Rating

4.0 – Competitive fees with strong local support in India.
3.9 – Competitive fees with additional benefits for high-volume trading.

Level

0,30%/0,40%
≈ 0,10%

Brief explanation

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 .
SafeTrade implements a flat fee model for its trading activities, charging a uniform 0.1% fee for both makers and takers on all trades. This rate is appealingly lower than the industry average, which often hovers around 0.25%. This straightforward, low-cost fee structure makes SafeTrade an attractive option for traders looking to maximize their returns without the burden of high transaction costs. Additionally, it’s worth noting that there are no deposit fees on SafeTrade, which further reduces the cost for users to start trading. However, traders should be aware that while the trading fees are low, the lack of regulatory oversight might introduce risks that are typically mitigated on more stringently regulated platforms. Thus, while the fee structure is economically advantageous, it comes with considerations that should be carefully weighed.

Giottus

Giottus
Read Giottus review
  • 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.
  • Pros
  • Robust security measures and protocols.
  • Offers 24/7 customer support.
  • User-friendly interface for beginners.
  • Cons
  • Limited cryptocurrency selection.
  • Lacks advanced trading features.

Read Giottus review

Safetrade

safetrade
Read Giottus review
  • Security Methods: SafeTrade emphasizes security with comprehensive measures to protect user data and funds. This focus on security helps in building trust with its users.
  • Transparency: The platform's operations are characterized by a high degree of transparency, especially concerning its integration with the SafeCoin projects and community feedback mechanisms. This openness is a critical trust factor.
  • Trading Volume and Liquidity: SafeTrade handles a significant amount of trading volume, ensuring liquidity for its users, which is essential for executing trades efficiently without substantial price slippage.
  • Customer Service: The exchange offers 24/7 customer support, which is a substantial trust factor for users, especially in a market that operates round the clock. Reliable support is crucial for resolving issues swiftly.
  • Reputation and Reviews: Since its launch, SafeTrade has maintained a positive reputation within the community, supported by favorable reviews from its users. This reputation is a testament to the platform's reliability and service quality.
  • Pros
  • Low trading fees.
  • Supports 48 cryptocurrencies.
  • Community-driven platform.
  • Cons
  • Not regulated.
  • No fiat trading options.

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Product selection

Native token

No
No

Earns

No
Yes

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Giottus Technologies Pvt Ltd.
Unknown

Regulation

Not regulated
Not regulated

Year founded

2017
2018

Founder

Vikram Subburaj and Arjun Vijay
Unknown

Payment methods

Transfers

No
No

Mastercard

No
No

Wire transfer

No
No

Card

No
No

Comparative table

Giottus FEATURES Safetrade
Giottus allows for small minimum trades, making it accessible for beginners to start trading with limited capital.
Minimum Trade
SafeTrade allows trading in small quantities, but specifics about minimum trade sizes vary by cryptocurrency, which can be confusing for new users.
Giottus charges a 0.20% fee for takers and 0.00% for makers, which is competitive but slightly above average for takers.
Trading and Transaction Fees
SafeTrade charges a flat fee of 0.1% for all trades, significantly lower than the industry average, making it very cost-effective.
With over 44 cryptocurrencies available, Giottus offers a good selection but lacks some niche altcoins.
Number of Cryptocurrencies
Supports 48 cryptocurrencies, which is robust but still fewer than some of the larger exchanges that offer hundreds.
The platform supports several crypto-to-crypto pairs, though the variety is less extensive compared to larger exchanges.
Crypto-to-Crypto Trading Pairs
Offers a variety of trading pairs, predominantly crypto-to-crypto, which caters well to a diverse trading base but lacks fiat options.
Giottus provides clear information on fees and security measures, but could improve by offering more detailed educational resources.
Website Transparency
The website provides essential information, yet could improve by offering more detailed insights about liquidity and security measures.
Giottus does not offer an exchange card for customers to use for in-store purchases and receive benefits.
Credit/Debit Card
Lack of a dedicated exchange card limits the practical usability of SafeTrade’s services for everyday transactions and rewards.
The platform uses cold wallet storage insured by Bitgo, ensuring high security for user funds.
Storage Offering
Offers secure storage solutions, but lacks some advanced features like insurance or diverse wallet options.
Giottus offers staking options for certain cryptocurrencies, providing users with opportunities to earn passive income.
Staking and Rewards
Limited information and options for staking and rewards compared to competitors who offer varied staking benefits and rewards.
Giottus offers a user-friendly mobile app and desktop platform, though the web interface could be less cluttered.
Mobile App and Desktop
Provides functional and user-friendly mobile and desktop interfaces, though there’s room for further enhancements in usability and features.
The exchange provides 24/7 support via live chat, email, and phone, but response times can be slower during peak periods.
Customer Service
Offers 24/7 customer support with good service levels, but feedback suggests there could be improvements in response times and resolution efficiency.
Giottus supports fast INR deposits and withdrawals via bank transfer and UPI, though it charges higher fees for crypto withdrawals compared to industry averages.
Deposit and Withdraw
Deposits and withdrawals are facilitated smoothly for cryptocurrencies, yet the absence of direct fiat transactions and limited information on fees for these processes affect the rating.

Key features

Analysis tools

Basic charting tools
Basic charting tools

Mobile APP

No
No

Security

High 4,5/5
Low 2/5

Additional features

Staking, fiat on/off ramps, multilingual support, Giottus Earn
Margin trading, staking, SafeTrade Earn, fiat on/off ramps

Anonymity

No
Yes

Key points

Available cryptocurrencies

20+
20+

User-friendliness

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.
SafeTrade 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

Delivers good value for money with competitive fees and strong local support in India, making it a good choice for regional users.
Provides decent value for money with competitive fees and a user-friendly interface, though it may lack some advanced features.

Countries of operation

India
United States, Canada, United Kingdom, Australia, Germany

Best for

Best for Indian traders seeking a reliable platform with competitive fees and strong local support.
Ideal for traders seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.

Base currencies available

INR, BTC
BTC

Account

Trading

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.
SafeTrade offers a secure platform with a decent range of cryptocurrencies. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

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.
SafeTrade supports various deposit and withdrawal methods, including bank transfers and crypto. Withdrawals are processed efficiently, with low fees.

Account opening process

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.
SafeTrade provides a straightforward account opening process. Users need to provide personal information and verify their identity. The process is efficient and typically takes less than a day to complete.

KYC required?

Yes
No

Customer Service

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.
SafeTrade provides support through email and live chat. The support team is responsive and helpful, but the lack of 24/7 support may be a limitation for some users.

Security

Giottus ensures security through 2FA, encryption, and cold storage. It is regulated by Indian authorities, providing a secure environment for investors.
SafeTrade employs robust security features, including 2FA and cold storage. However, it is not regulated by major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

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.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As one of the experts reviewing exchanges on our website, I find SafeTrade to be a particularly interesting choice for those venturing into the cryptocurrency market. It stands out with its low trading fees of only 0.1% across all trades, which is significantly lower than many other platforms. This feature alone makes it an attractive option for both seasoned traders and newcomers who are sensitive to cost. Furthermore, SafeTrade’s community-driven approach adds a layer of transparency and support that is not often seen in the exchange space. This feature should particularly appeal to users who value a collaborative and open environment. However, it’s crucial to note that SafeTrade is not regulated by any top-tier financial authority, which might be a concern for those prioritizing security and compliance. Overall, if you’re looking for a cost-effective platform and are comfortable with the level of regulatory oversight, SafeTrade could be a solid choice.

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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.

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