How and Where to Buy Globiance Exchange Token (GBEX) – Detailed Guide
- What is GBEX?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade GBEX
- Last Step: Store GBEX securely in hardware wallets
- Other useful tools for trading GBEX
- Frequently Asked Questions
- Latest News for GBEX
- GBEX Price Prediction and Price Movement
What is GBEX?
Globance is a fintech platform with a centralized exchange, banking services, payment gateways, stablecoins, and a decentralized marketplace. It offers fully-regulated services for corporate and retail customers in several countries on five continents, integrating crypto solutions into the traditional banking system.
GBEX is the native utility token for the entire Globiance ecosystem. It is used on a daily basis on all Globiance platforms worldwide, as all transactions and fees are paid in GBEX.
GBEX is used for:
Fees for processing transactions. Running liquidity pools on the network. Used for governance votes to determine how network resources are allocated and how the token is developed.
GBEX Tokenomics
GBEX is an Exchange Token Generation 3.0. Deflationary. All transactions are subject to a 4% Tax; 2% are burned, and 2% goes to holders GBEX faces significant burn events. It automatically rewards Holders. Anti-Whale – Dump Protection – only 0.5% tokens of supply per wallet allowed
FAQs:
Why is GBEX needed?
GBEX is a Utility Token designed in a deflationary way and used for paying fees on the Globiance exchange platforms and crypto processing gateways worldwide. By paying with GBEX tokens, users benefit from discounts on fees. The more users Globiance has, the more GBEX will be used daily, growing the trading volume organically.
How do the burn events work?
All transactions in GBEX are taxed at 4%, of which 2% are burned and the rest goes to holders. In summary, besides the massive burn events, the transaction tax eliminates 2% tokens on every single transaction. Finally, holders get their share of the 2% tax.
In that way, the total supply of GBEX is reduced constantly, and holders get regular extra tokens for holding GBEX in their wallets.
Who Are the Founders of Globiance?
The Globiance Project started in 2018. Our founders are Irina La Rosa, Oliver Marco La Rosa, Alexander Pfau, and Sascha La Rosa.
Oliver Marco La Rosa had been involved in successful ventures in the past and has over 13 years’ experience with his team, servicing banks in Europe and knowing, as well as supporting, the IT platforms used by such banks that now benefit Globiance.
There is also a CORE team of directors across the world that support the project. Globiance has over 150 employees on five continents. Please see the Globiance CORE team: https://globiance.com/team/
Where Can I Buy GBEX, the Globiance Token?
GBEX is available in the Globiance Centralized Exchange, GlobianceDEX - the decentralized exchange, and Probit Global. The team is working hard to include the token in other marketplaces.
What is Globiance CEX
Globiance CEX is the licensed centralized exchange at Globiance. It facilitates fiat-to-fiat and fiat-to-crypto transactions combined with the ability to instantly withdraw fiat to the integrated wallet or bank accounts.
The platforms now feature multi-language and multi-currency wallet accounts providing several Fiat currencies and cryptocurrencies.
Besides buying and selling cryptocurrencies, users can handle their payments within the platform (internal, national, or international via crypto or SEPA/SWIFT) where the platforms have the appropriate payments license to execute 3rd party payments.
What is GlobianceDEX
GlobianceDEX is the first decentralized exchange built on the leading XDC (XinFin) blockchain. Developed as an Automated-market-maker (AMM) on XDC, where a collection of smart contracts are used to create liquidity pools, provide liquidity, and swap XRC-20 tokens.
GlobianceDEX offers incentives and rewards to all players as well as effective speediness, reduced costs, and enhanced performance.
What stable coins has Globiance issued?
By leveraging blockchain technology and crypto-economics, we issue fiat pegged stable coins on the XDC network to dramatically decrease the cost of money transfers while increasing its efficiency and speed.
Globiance offers stable coins pegged to SDG, HKD, USD, EUR, and GBP currently.
SGDG – xdcd0148cb95da3ef32e198905258a0f0af3ea9bd27 HKDG – xdc192d70ff2ac21cc2f4788264c7d04502c6412094 USDG – xdc9c1eb1ea34e70ac05b5ee5515212e9ec201cfc5d EURG – xdc5231fc6c065466c9ef99278ebe59c1b29fd7ccd0 GBPG – xdc9ebedd5f691ae16538dfbf7cd0f043622eb34d4d
Globiance plans to add more stable coins like CNYG, JPYG, and KRWG soon. It is also exploring new stable coins every day, especially in those jurisdictions where the company is opening entities and businesses.
How does Globiance's crypto payment gateway work?
Globiance's payment gateway is an all-in-one payments platform, providing clients with multichannel and multi-currency payment options through a single interface built for scalability and high transaction volumes.
It features over 225+ acquiring banks and alternative payment methods as well as connected settlement accounts.
The payment gateway is connected to the fiat and crypto wallet. Then, the client can send the funds directly to a designated bank account local or in an approved country or keep them in Globiance's electronic wallet.
How do Globiance's bank services work?
Globiance offers corporate accounts for all kinds of businesses that can be pre-approved and quoted in less than 24 hours.
Many currencies are available for each account, and all accounts can be used on just one platform. SEPA and SWIFT can both be used to send and receive funds. You can order 10+ cards per business account with high daily limits.
What is GlobiancePAY.
GlobiancePay is Globiance's banking brand. It is fully regulated in every jurisdiction the company is offering services.
Is Globiance regulated?
Yes, Globiance is fully regulated in every jurisdiction the company is conducting business. Globiance hires strong legal consultants in each country to build the entity and protect the brand from scratch.
Where can I read Globiance's white paper?
Globiance's white paper is added to each product and service page on the Globiance website. You can also read it here: https://globiance.com/wp-content/uploads/2022/04/Globiance-White-Paper.pdf
GBEX was first tradable on 22nd Apr, 2022. It has a total supply of 379,272,641,821,892. As of right now GBEX has a market capitalization of USD $70,769,375.68. The current price of GBEX is $1.42e-7 and is ranked 2938 on Coinmarketcap and has recently surged 25.29 percent at the time of writing.
GBEX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy GBEX.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy USDT with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer USDT to an Altcoin Exchange
- BitMart
But we are not done yet, since GBEX is an altcoin we need to transfer our USDT to an exchange that GBEX can be traded, here we will use BitMart as our exchange. BitMart is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit USDT to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at BitMart and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to BitMart!
Now go back to BitMart and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from BitMart once your USDT has arrived. And you are now finally ready to purchase GBEX!
Step 5: Trade GBEX
Go back to BitMart, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "GBEX", you should see GBEX/USDT, select that pair and you should see a price chart of GBEX/USDT in the middle of the page.
Below there is a box with a green button that says "Buy GBEX", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your USDT deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy GBEX". Voila! You have finally bought GBEX!
Last Step: Store GBEX securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your GBEX for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy GBEX with cash?
There is no direct way to buy GBEX with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy GBEX in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy GBEX or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Globiance Exchange Token's fundamentals and current price here.