Today is a good day: HolyTrasnsaction finally decided to integrate Gridcoin into its trading platform. I mainly trade digital currencies on the big exchanges such as Poloniex, but I decided to give the HolyTransaction (HT) platform a whirl to get a feel for the execution and functionality. Upon signing up and logging into my account, I noticed that the design of the site is very simple and intuitive. It really is refreshing to see an uncluttered exchange that doesn't require users to have a Ph.D in computer science. I deposited a small amount of GRC and noticed that the coins were deposited in my account after only 1 confirmation, which is very speedy when compared to the 5-10 confirmations that other Gridcoin exchanges require.Trading:
The conversion between different digital currencies on the HolyTransaction platform is actually very simple: just select which cryptocurrency you would like to purchase and with which Crypto/Fiat currency you would like to pay. I was very pleasantly surprised at the overall simplicity of the trading process. The trading window consists of simple order form with a quotes window on the right side - simple and efficient. HT does allow users to use US dollars to purchase cryptos, but not for US residents, due to various regulatory issues. HT is also accessible through smartphones and this allows iPhone users to get their hands on GRC, which was not possible prior to today's announcement! Big victory for Gridcoin in that regard!
Conclusion:
Buying and selling Gridcoin on the HT platform is a breeze. The fiat funding option makes it much easier for new investors to enter the alternative cryptocurrency market without the need for Bitcoin!
Image Source: https://holytransaction.com