To open an account on Giottus, follow these detailed steps:
- Registration:
- Start by visiting the Giottus website or downloading the app. Click on the “Register” button to create a new account.
- You’ll need to enter your first name, last name, email address, mobile number, and create a password. If you have a referral code, you can enter it here, though it is optional.
- After filling out these details, click “Submit.”
- Email Verification:
- Once you’ve submitted your registration information, Giottus will send an email to the address you provided. This email contains a verification link.
- Open the email and click on the verification link to confirm your email address. If you don’t see the email, check your spam folder or request a new one.
- Mobile Verification:
- After verifying your email, you need to verify your mobile number. Giottus will send an OTP (One-Time Password) to the registered mobile number.
- Enter the OTP on the website or app to verify your mobile number.
- Note: If you’re an international user, you will need to set up Google Authenticator for 2FA (Two-Factor Authentication) instead of mobile OTP.
- KYC Verification:
- After mobile verification, you’ll be prompted to complete the KYC (Know Your Customer) process. This step is crucial for complying with regulations and ensuring the security of your account.
- Upload a clear image of your PAN Card and Aadhaar Card. If you do not have an Aadhaar card, you can upload a passport, driving license, or voter ID as an alternative.
- Ensure that the name on these documents matches the name you registered with. Incorrect information can lead to delays or rejection of your KYC application.
- Bank Account Linking:
- Once your KYC is approved, the next step is to link your bank account. This is the account you’ll use for depositing and withdrawing funds.
- Make sure the bank account is in your name and matches the name on your KYC documents. Enter the bank details carefully to avoid any issues with transactions.
- Completion:
- After completing all the steps above, your account will be set up, and you can log in using your email and password.
- You can now deposit INR, trade cryptocurrencies, and access all the features of the Giottus platform.
Different Types of Accounts on Giottus
Giottus offers several types of accounts that cater to different needs and preferences of users. Here’s an overview of the main types:
- Basic Account:
- This account is for users who complete the initial registration and email verification. However, to access full trading features, users need to complete the KYC process. Without KYC, trading limits are restricted, and certain features are inaccessible.
- Verified Account:
- Once you complete the KYC process, your account becomes a Verified Account. This status allows you to trade without restrictions, access instant INR deposits and withdrawals, and link your bank account for seamless transactions.
- Institutional Account:
- Giottus may offer specialized accounts for institutions or high-net-worth individuals. These accounts typically have higher transaction limits, dedicated customer support, and possibly lower fees. For details on opening an institutional account, users would need to contact Giottus directly.
Minimum Deposit on Giottus
Giottus has a user-friendly deposit system tailored primarily for Indian users. Here are the key details regarding the minimum deposit:
- Minimum Deposit Amount:
- The minimum deposit amount on Giottus is INR 100. This low threshold allows even beginner traders to start investing without needing to commit a large amount of money upfront.
- Instant INR Deposits:
- Giottus offers instant INR deposit services, ensuring that your funds are available for trading almost immediately after initiating a transfer. This is particularly useful for taking advantage of market opportunities without delay.
- Deposit Methods:
- You can deposit funds through bank transfers using the linked bank account. It’s important to ensure that the bank account used for deposits matches the account linked to your Giottus profile to avoid any processing issues.
- Fees:
- There is a nominal fee of Rs. 20 for each deposit transaction. This fee helps cover the processing costs and ensures the platform can maintain its quick and reliable services.
- Deposit Limits:
- While the minimum deposit is low, users can deposit larger amounts if desired, with the limits typically dependent on the user’s verification level and bank account details.
Countries That Can and Cannot Open an Account on Giottus
Giottus primarily serves users in India and focuses on providing a seamless experience for Indian investors. Here are the details on where Giottus is available and the restrictions on its services:
- Available Countries:
- India: Giottus is fully operational and tailored specifically for the Indian market. This includes support for INR deposits and withdrawals, along with compliance with local regulations like KYC (Know Your Customer) and AML (Anti-Money Laundering) policies.
- Unavailable Countries:
- International Users: Giottus is currently not available for users outside India. Although international users can technically register, they face significant restrictions. For instance, they must use Google Authenticator for 2FA instead of mobile OTP and cannot use INR services. Additionally, Giottus does not support international bank accounts, limiting the ability to deposit or withdraw funds.
- Regulatory Compliance:
- Giottus adheres strictly to Indian regulations, which means users from countries with differing regulatory environments might not be able to access or fully utilize the platform.