This time we are reviewing Geco.one. It is a crypto margin exchange designed for experienced traders and those who like a little more thrill. In addition to Bitcoin and Ether, it has a number of interesting altcoins on its roster, as well as its own token GEC . If you are interested, feel free to read on. This may be a platform made just for you!
The origins of Geco.one date back to 2018. The platform is registered in Estonia and is supervised by the Estonian Financial Intelligence Unit. Thus, it is a reliable market player. The founders of Geco.one boast of having the most comprehensive trading platform in the world and are committed to its constant development in order to exceed the expectations of even the most experienced traders. The Gecoin token (GEC) makes it easy to use the Geco.one platform, which among other things reduces the value of transaction fees. We will tell you more about it later.
The most important aspect of the platform is of course its assortiment. This one presents itself very interestingly. The cryptocurrencies that we can trade include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Binance Coin (BNB), Uniswap (UNI), Litecoin (LTC), XRP, Cosmos (ATOM), Cardano (ADA), Dogecoin (DOGE), EOS, NEM (XEM), Tron (TRX), Polkadot (DOT), Chainlink (LINK), Stellar (XLM), Solana (SOL), Polygon (MATIC), and Avalanche (AVAX).
The introduction to Geco.one is presented in several languages. They include DE, ES, EN, FR, ZH, JA, TR, PT, PL, RU and KO. The exchange, on the other hand, was created in English. However, we expect that in time the other languages will also be adopted.
An important feature of the crypto margin exchange is its leverage. The leverage is up to 100x.
Registration & Account
The registration process at Geco.one is very simple and consists in filling in just a few fields. We are asked to provide our e-mail address, name, surname, phone number, country and the reference code if we have one. Once our data is validated and confirmed via e-mail, the account becomes active.
In order to function safely in the Geco.one space, it is advisable to take extra precautions. In order to do so, we encourage you to visit the account settings tab and add two-step authentication (2FA).
The first page you see when you log into your account is the trading platform. However, we will first look at the “Dashboard” section, which we can access by clicking on it at the top of the screen.
Here we are presented with a very pleasantly constructed space. We are shown a cross-section of the portfolio we own. In its composition it is worth having the Gecoin token (GEC). Using GEC to purchase a monthly subscription (5 GEC), helps reduce transaction fees by 20% and gives access to Staking/Investing which allows you to earn a passive income of up to 8% per year.
If you are interested in topping up your account immediately, simply scroll down the respective window. A wallet will appear in front of our eyes, with the possibility of making a deposit in selected cryptocurrencies. On the other hand, in the upper part of the window we can make a direct purchase and sale of cryptocurrencies. Just click the “Buy/Sell Crypto” function to be taken to a dialog box where you can buy BTC, ETH & USDT and sell BTC (coinify) through one of the two available brokers. Transactions can be made with a debit/credit card or by bank transfer. In case of selling BTC, the funds from the sale will appear directly in your bank account.
At this point, it is worth noting that Geco.one is very clear about the security of our digital assets. Any cryptocurrencies held are secured by BitGo, which is one of the most well-known and trusted custodians for virtual coins.
Traveling through the Dashboard tab, we also come across the staking feature. It is available for four coins and these are Bitcoin (BTC), Ethereum (ETH),Gecoin (GEC) and Tether (USDT).
You can stak your coins in 4 different time periods. You can choose from 30, 90, 180 or 360 days. Choosing the annual plan we have the opportunity to earn 8%. This is a very promising result.
However, you need to remember that in order to pack BTC, WTH, USDT & GEC it is necessary to have a monthly subscription paid with a GEC token.
But let’s get down to what is the essence of the platform. We are of course talking about the trading part. To do this you just need to click on the “Trade” tab at the top of the screen.
A very clear space will appear before our eyes, in which on the left side we can choose the trading pair. In the middle we have a chart where we can plot all the necessary lines and use a number of indicators to support our trading. In the “Trading” window you can choose the type of order and set its validity time. After determining the value of the order, assigning it a “take profit” level and “stop loss” by clicking on the “Buy” or “Sell” button we proceed to its execution.
We must admit that the whole operation is very simple. The developers of Geco.one have made sure that nobody has any doubts about the steps they have taken. This is a definite advantage of the platform.
All information about open positions, pending orders or even the entire history is available in the same tab after scrolling down.
An interesting feature is the addition of trading windows. When we look at the list of pairs, we see next to them the “Trade” button and another function marked with “+”. After clicking on them, our panel will be automatically expanded with a second or another cryptocurrency pair that we are interested in at the moment. This means that we can simultaneously view several different charts, and at the same time make a much larger number of transactions. Multiple trading screens appear on our computer screen. This is a fantastic solution that means that without switching between different windows, we will have everything under control.
Here comes the Geco.one application
Geco.one is moving with the times and will soon release its own trading application. It will be available for both iOS and Android smartphones. However, for now you can trade from your phone using any web browser. Geco.one is adapted to all kinds of them.
The Deflationary Nature of the Gecoin Token (GEC)
We already know about the existence and use of the Gecoin token (GEC). It’s time for more details about it. Well, it is important to know that this token is deflationary. This means that each time it is used on a platform, it generates a subsequent operation to burn it. The first such operation took place on December 28, 2021. As a result, as many as 6,105,106 GEC were destroyed, which gives a total value of 3.53% of its total supply. The process of its diminution will be carried out every quarter. The initial amount of tokens in circulation was 17 million. Its successive reduction will continue until January 2024, when more coins will be released. It is worth noting that the number of tokens burned at the same time indicates the usability of the platform, which presents itself very well here.
Since January 21, Gecoin (GEC) is also available on exchanges. Both centralized and decentralized. Trading pairs have been created for it to Tether (USDT), Bitcoin (BTC) and Ether (ETH)
A very interesting service that Geco.one plans to launch in the near future is PAMM. It is a methodology adopted from the Forex market, serving both investors and traders to achieve mutual benefits by creating a common inventory for them.
Thus, by investing, you can profit from the actions of successful traders. The service is intended to be particularly secure. It will be supervised by a team of auditors who will control each PAMM account. This is an attractive service for both sides, as traders can also gain a lot. By building up their reputation they will open the door to significant capital growth in order to maximize their results. Each trader gets an additional function of a private stop loss in case of investment in a PAMM account.
You can learn more about this at Geco.one
Geco.one also offers an affiliate program. This service is very simple. All you have to do is share a specially dedicated referral code with your friends, which will allow you to earn 20% of the transaction fees they generate. It is undoubtedly worth getting interested in.
Many people pay special attention to the access to support. Geco.one does not leave its users without proper care. On the main page we have the possibility of contacting the support by clicking the chat window located in the bottom right corner of the screen. All our questions and problems will be dealt with thoroughly. The email address email@example.com is also available.
Conclusions of Geco.one
Geco.one leaves a very positive impression. The platform is clear to use and at the same time has a very rich offer, based on strong coins. The GEC tokens, thanks to which we can reduce transaction costs, are a great solution. The infinite number of screens that can be used is a great feature for true professionals. Additional income thanks to staking and the possibility to invite friends and profit from it is another advantage. Already at this stage Geco.one looks promising. And when we look at what is coming, i.e. the original application and the PAMM service, we can admit that the platform will definitely meet the expectations of even the most demanding traders and investors.