Is Graviex a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Graviex is a good crypto exchange to start trading with. In this article you will learn whether Graviex is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker Graviex
Graviex is a mid-level cryptocurrency exchange with headquarters in Malta and its platform provides services to its clients worldwide. Graviex is in the 169th position in the CoinMarketCap ranking. Nevertheless, its daily trading volume exceeds $100 million. Graviex’s proprietary token is called GIO.
| 💰 Account currency: | USD, RUB, EUR, and other fiat and cryptocurrencies |
| 🚀 Minimum deposit: | $40 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Crypto-to-crypto, crypto-to-fiat, and fiat-to-fiat |
| 💹 Margin Call / Stop Out: | No |
Graviex Pros and Cons
👍 Advantages of trading with Graviex:
•Low fees compared to more popular cryptocurrency exchanges;
•A convenient interface. The font is large, and important items are highlighted. This simplifies the usage of the exchange’s instruments;
•Quick registration due to the absence of dynamic captchas and the user account page loads quickly;
•Fees can be reduced if a user has GIO in his account;
•Verification of personal data is not mandatory;
•Personal data verification can be completed on the Graviex website without downloading the mobile app;
•Clients can create trading bots and thus simplify and automate trading in cryptocurrency pairs.
👎 Disadvantages of Graviex:
•There are no permanent contracts;
•Limited trading instruments and one cannot trade futures;
•English is the only available language.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for Graviex Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Graviex offers traders the following conditions.
| 💻 Trading platform: | Proprietary platform powered by TradingView |
| 📊 Accounts: | Verified and unverified |
| 💰 Account currency: | USD, RUB, EUR, and other fiat and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | External services, e.g., Payeer for fiat funds |
| 🚀 Minimum deposit: | $40 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Crypto-to-crypto, crypto-to-fiat, and fiat-to-fiat |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No |
| ⭐ Trading features: | Investment programs |
| 🎁 Contests and bonuses: | Regularly |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Graviex commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The Traders Union experts have carefully studied the Graviex crypto exchange. Their main purpose was to analyze its differentiation of fees. The analysis showed that the fees are determined by the following factors:
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The presence of the exchange’s native GIO token in the balance. If a user has 50,000 GIO or more, the fees are reduced by 50%.
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Participation in the referral program.
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An asset’s network.
Graviex doesn’t collect charges for depositing fiat money, but charges by a service through which fiat money is deposited are not excluded.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | $40 in ERC 20, and 0% for USD, EUR, or RUB | Yes |
Investment programs of Graviex
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Graviex offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Graviex cryptocurrency exchange allows its users to earn passive income through the reduction of commissions. The first way to reduce them is to refer traders to the exchange. The more traders register using your referral link, the lower the trading fees. Rewards are paid in BTC.
The second way is to deposit the exchange’s native token into the balance. If a trader has over 50,000 GIO, the trading fees get halved. The initial fee is 0.2%, and through this program, it can become 0.1%. However, one cannot participate in the Dividends program and in the reduction of fees at the same time. One has to switch between these two methods.
Programs for earnings on Graviex | Dividends
The Graviex exchange has an investment program, which brings dividends to its participants. Under this program, every hour, the system automatically calculates the profits for owning GIO units. The dividends accrue in the balance in BTC.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
Graviex’s affiliate program
Graviex offers the standard referral program. A participant posts the referral link on web portals or sends it to his future partners. After a referee deposits funds to his account and makes his first purchase or sale, his inviter receives a reward in BTC.
Rewards for the referee’s trading are sent immediately to their inviters’ primary accounts on Graviex. They can be sold with spot transactions or withdrawn to an e-wallet. After a user buys this exchange’s native token, he can participate in the program under which he will get additional hourly rewards as a percentage of GIO tokens in his balance.
Conclusion. Is Graviex good for beginners?
The Graviex cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Graviex could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.