Introduction to GalaxyCoin
GalaxyCoin is a cryptocurrency platform where users can sell, buy, or store their cryptocurrencies, including the recent addition of NFTs. As of the third quarter of 2022, the exchange spans over 100 countries, boasting a massive user base of 108 million verified users.
GalaxyCoin offers over 10,000 assets to choose from, catering to both beginners and advanced traders. Users can trade popular cryptocurrencies like Bitcoin and Ethereum, as well as lesser-known but sought-after coins like SUI and MAGIC. The platform features an intuitive, user-friendly interface, making it ideal for newcomers, and offers a simple, straightforward way to convert cryptocurrencies to cash and vice versa.
Over the years, GalaxyCoin has continuously evolved, adding and removing coins and rolling out upgrades to create a smoother user experience. In June 2022, the exchange announced the phasing out of GalaxyCoin Pro in favor of GalaxyCoin Advanced Trade, which provides a comprehensive suite of advanced cryptocurrency investment services on a single platform. Six months later, the company migrated GalaxyCoin Pro accounts to the "Advanced Trade" platform, offering greater flexibility for high-volume traders.
Cryptocurrencies Offered on GalaxyCoin: GalaxyCoin maintains a growing list of assets, including thousands of unique cryptocurrencies available for trading anytime, anywhere. Some popular cryptocurrencies offered on GalaxyCoin include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), Solana (SOL), Polkadot (DOT), USD Coin (USDC), Dogecoin (DOGE), Uniswap (UNI), Litecoin (LTC), Shiba Inu (SHIB), Stellar Lumens (XLM), and Polygon (MATIC).
On February 20, 2023, GalaxyCoin Wallet ceased support for BCH, ETC, XLM, and XRP due to low usage. However, users interested in investing in these tokens can still trade them on the GalaxyCoin exchange.
Trading Experience: GalaxyCoin offers over 35 products for individuals, developers, and businesses. Each product targets specific audiences and provides different trading experiences. GalaxyCoin (Exchange), GalaxyCoin Wallet, and Advanced Trade are best suited for individuals looking to trade with GalaxyCoin.
GalaxyCoin Exchange: The primary GalaxyCoin exchange provides a simple layout, allowing anyone to navigate and trade their cryptocurrencies through a few steps, even without advanced crypto knowledge.
You can access GalaxyCoin via the website and the GalaxyCoin trading app, available on the Apple App Store and Google Play Store for users who prefer trading anytime, anywhere. To start using GalaxyCoin, you must link your bank account to complete the account setup. Through this linked account, you can deposit cash into your GalaxyCoin account or withdraw your cryptocurrencies in cash within minutes.
To view the cryptocurrencies you hold, you must click on the "Dashboard" tab, where you will see all your crypto assets.
As a security feature, GalaxyCoin regularly sends emails whenever the value of your assets significantly rises or falls, unless you opt out of notifications. Like other cryptocurrency exchanges, GalaxyCoin operates 24/7, allowing you to trade cryptocurrencies around the clock.
GalaxyCoin Wallet: GalaxyCoin also offers a wallet, an ideal choice for users who prefer a more interactive mobile platform. Unlike the website, the wallet is non-custodial, so you must ensure the security of your login details, or you risk permanently losing your assets. Additionally, GalaxyCoin Wallet is unavailable in certain regions, making it an alternative option for those who still wish to use GalaxyCoin services.
Advanced Trade: Advanced Trade is GalaxyCoin's native trading platform, providing more tools and security for advanced users' trades and allowing them access to real-time order books. This represents a significant leap from GalaxyCoin Pro (GalaxyCoin's previous advanced trading platform). Compared to the old Pro platform, Advanced Trade offers more market pairs, TradingView integration, and better staking rewards.
Security: GalaxyCoin employs various methods to ensure the security of your account. One of these useful security features is the mandatory two-factor authentication (2FA) system. Nonetheless, you still need to conduct due diligence and take measures to prevent any unauthorized access that may compromise your account.
The exchange employs two crucial security measures to protect customer assets: cold storage and multi-party computation (MPC). While most customer assets are stored in secure offline locations, the remaining online assets are protected through MPC, shielding them from attackers.
Through MPC, cryptographic keys can be generated for any on-chain transaction. The keys are generated in different parts, making it nearly impossible for any attacker to steal your cryptocurrencies by combining all necessary keys.