Garantex: How to Trade

Garantex is a cryptocurrency exchange that quickly gained popularity due to its user-friendly interface and extensive features for traders. Founded in 2019 and registered in Estonia, Garantex highlights its international status. One of the platform’s key advantages is the absence of trade volume restrictions, making it appealing to traders of all levels, from beginners to professionals. Garantex’s main features include:

• Spot Trading – a classic method for buying and selling cryptocurrencies.
• Purchasing Cryptocurrency with Cash – a unique feature that allows users to buy cryptocurrencies not only through the online platform but also using cash.
• OTC (Over-The-Counter) – an off-exchange trading section where users can find the best offers or set their own prices for buying or selling cryptocurrencies.
• Unique Order Execution System. Garantex offers multiple order execution options, including quotes from major exchanges like MOEX and Binance, providing greater flexibility for selecting the best rate.

Garantex is designed for both cryptocurrency traders and those seeking a convenient platform for exchanging digital assets for fiat money.

Available Assets on Garantex

The platform supports all major cryptocurrencies, offering users high liquidity for trading:

• Bitcoin (BTC) – the world’s most popular cryptocurrency, remains the primary asset on the market.
• Tether (USDT) – a stablecoin pegged to the US dollar, ideal for maintaining asset value.
• Ethereum (ETH) – the second most popular cryptocurrency, supporting smart contracts and DeFi ecosystems.
• Dai (DAI) – a decentralized stablecoin that maintains a stable price using algorithms.
• USD Coin (USDC) – a stablecoin also pegged to the US dollar, used in many international operations.

Garantex offers a convenient way to trade these assets with competitive rates and the ability to swiftly transfer funds between cryptocurrencies and fiat money.

Supported Fiat Currencies

The exchange also supports trading in the following fiat currencies:

• Ukrainian Hryvnia (UAH) – for traders from Ukraine.
• US Dollar (USD) – a universal currency for international transactions and trading.
• UAE Dirham (AED) – a popular currency for users from Middle Eastern countries.

Fiat currency trading is available through spot trading and the OTC section, providing users with broader opportunities for advantageous exchanges.

Trading Interface

The “Exchange” section on the Garantex platform offers an easy-to-use interface for direct cryptocurrency exchanges. Here, users can select an asset to buy or sell, specify the amount, and choose the order execution method. The platform provides:

• Real-time asset quotes
• A simple form for placing orders, where users can select a market trade or a fixed-rate order
• Transparent transaction fees are displayed before order confirmation

The interface is intuitive for beginners, and advanced traders can take full advantage of the platform’s advanced settings to optimize their trades.

The OTC (Over-The-Counter) section is a marketplace for off-exchange trading, allowing users to list and view offers to buy or sell cryptocurrency under more favorable conditions than on the spot market. OTC features include:

• Users can post their offers specifying the desired price and volume of cryptocurrency.
• Filtering options by currency simplifies the search for the most advantageous offers.
• The option to conduct private deals with other traders, bypassing standard exchange restrictions.

This section enables traders to find better rates and participate in large transactions without impacting market quotes.

Trading Process

To start trading on Garantex, select a currency pair that matches your goals. Each pair on the exchange consists of two assets – a base currency and a quoted currency. Garantex.org provides an easy-to-use search panel for currency pairs, allowing users to choose from available cryptocurrencies and fiat currencies. After selecting a pair, the trading window displays current quotes, trading volumes, and available order execution options.

Types of Order Execution

Exchange Garantex offers several order execution methods, allowing users to select the optimal conditions for their trades:

• Market Execution – executes immediately at the current market price. This option is convenient when speed is important, though the price may slightly vary from the expected rate.
• Fixed Rate – users can set a predetermined price at which they wish to buy or sell an asset. The transaction will be completed only when a counterparty willing to trade at this price is found.
• Binance Quotes – with this option, the exchange uses data from the major cryptocurrency exchange Binance to determine the current rate, providing access to liquidity on one of the world’s largest crypto markets.

Placing an Order

After selecting a trading pair and order execution type, users should specify the amount they want to exchange. The platform automatically calculates the estimated amount of the asset received, considering fees and the current rate. It’s essential to review all parameters, including the rate and fees, before confirming the order.

After confirmation, the order is processed. If it’s a market order, the transaction is usually completed instantly. For a fixed-rate order, it will remain in the order book until a counterparty is found for the trade.

Trading Fees

Garantex offers one of the most competitive fee structures among cryptocurrency exchanges. Fees depend on whether you are a maker (creating an order) or a taker (executing an existing order).

• Maker Fee: Makers are traders who place orders in the order book, creating liquidity on the exchange. If you place an order that isn’t executed immediately, it is added to the waiting list. Once a counterparty for your transaction is found, it is executed under the terms you specified.
  • Maker’s Advantage: they benefit from a lower fee of 0.15% of the transaction amount, making order creation an appealing strategy for users aiming to save on fees.
• Taker Fee: Takers are traders who execute existing orders, thus “taking” liquidity from the exchange. If you choose an existing order and execute it immediately, you are considered a taker.
  • Takers pay a slightly higher fee than makers – 0.2% of the transaction amount. This is because they utilize existing offers without creating new ones. The taker fee is usually deducted automatically when the transaction is executed.

Unique Features of Trading on Garantex

One of the unique features of Garantex is the ability to purchase cryptocurrency not only through the online interface but also with cash. In cities where the exchange has offices, users can visit in person to conduct cryptocurrency transactions using cash. This approach is particularly useful for users who prefer to avoid traditional bank transfers or electronic payments.

For those unable to visit exchange offices, Garantex offers an alternative: cash transactions through partners or couriers, making cryptocurrency trading accessible even for those without online banking.

Garantex differs from many other exchanges in that there are no volume restrictions on the platform. Users can trade any amount, from buying a small fraction of Bitcoin to making a significant investment. This feature is especially valuable for professional traders and large investors who don’t need to worry about limits or restrictions on trading operations.

Additionally, if the standard offers on the exchange don’t meet the user’s needs, they can create a custom buy or sell offer with the desired parameters and wait for it to be executed under favorable conditions.

Conclusion

Garantex offers users a wide range of options for cryptocurrency trading, utilizing both fiat and digital assets. The platform is characterized by low fees, no restrictions on trade volumes, and an easy-to-use trading interface suitable for both beginners and experienced traders. The option to purchase cryptocurrency with cash adds another level of convenience for users. Brief Trading Tips on Garantex:

• Start with small amounts if you are new to the platform to familiarize yourself with its interface and functions.
• Explore different order execution types to achieve optimal trading conditions.
• Use the “OTC” section to find advantageous offers from other users and post your own.
• Remember the difference in fees for makers and takers – this can help you save on transactions.
• Take advantage of cash purchase options if you prefer more traditional payment methods.
• Be mindful of the risks associated with cryptocurrency trading, and only invest funds you are prepared to lose in case of market instability.

The Garantex platform is ideal for those who value flexibility, low fees, and the ability to trade cryptocurrencies without restrictions. However, it’s essential to remember the risks associated with cryptocurrency volatility and to always consider your investment steps carefully.