Today we review Galaxycoin for you. What is Galaxycoin.io? How does it work? Is it for you or should you look at other investing alternatives instead? This and a lot more in this short review!
Name of the company: Galaxycoin.io
Website: https://www.galaxycoin.io/
Owner: Galaxycoin.io
Overall rating: 
(3.5 / 5)
Recommended? : Not recommended
P.S.
Important to mention before we continue with this review:
Do NOT invest in ANY Cryptocurrency!
before you read: this page on how to avoid all the scams and only go for legit and real coins.
Intro
What is Galaxycoin.io? Can you rely on it to make some extra money? Can I use it in any country in the world? These questions constitute the fodder of the key points I would like to discuss in today’s review. My main objective is to provide as much information as I can about Galaxycoi so that every reader can determine if it is for them or not. Without further ado, let us get right into the review:
– What is Galaxycoin.io?
– How does it work?
– What can you do with a Galaxycoin.io account?
– What are the fees and charges associated with having a Glaxycoin.io account?
– Is Galaxycoin.io a genuine platform?
– What are the main pros and cons of Galaxycoin.io?
What is Galaxycoin.io?
Galaxycoin.io is simply a permission-based blockchain. In this type of blockchain, there are a couple of centralized authorities who are tasked with the management of inventory as well as the connection of assets that exist in the real world to the blockchain. These authorities are entrusted with the delivery of the products and services that are linked to the pre-existing blockchain.
Owing to the fact that no single authority can be given the mandate to make all the decisions, the blockchain is usually managed run by a decentralized group of several centralized authorities. In the event that one of the authorities in the group commits any sort of fraud, then the entire community has to participate in a voting process to remove them. This community accepts only those who prove that they can carry out their duties in a very responsible manner.
Galaxycoin.io has a coin that is known as Galaxycoin (GXY), which is a privately controlled crypto that is based on assets and only traded using the blockchain technology. Galaxycoin is currently backed by a digital currency along with precious metals.
One can create a free account and start trading in a variety of assets or even use fiat currency. Galaxycoin stands out from other cryptos in that it is controlled by a private asset chain network. This network oversees the activities undertaken by Galaxycoin account owners. With such an account, clients can make virtual assets and currency transfers to other accounts in the asset chain with just a few clicks on their PC or smartphone.
How does it work?
As already put forward, Galaxycoin is transacted through a blockchain. The security of the user accounts is higher than that of the regular banking systems since transactions are done directly on a peer to peer platform in which no central bank is involved.
With traditional banking, account owners cannot hold precious metals, whereas Galaxycoin makes this a possibility. The best thing about being an account holder with Galaxycoin might be that you can trade assets anonymously.
Clients have the option to decide whether or not they want to reveal their identity when they are sharing their account numbers to facilitate transactions. Advanced encryption is used to manage identity.
One does not actually have to log into their account for them to view particular details about their account, such as the account balance. All that you need to know is your account address. You, however, need to sign in to your account for you to send assets to other users on the Galaxycoin blockchain.
What can you do with a Galaxycoin.io account?
One of the things that matter about any product or service is utilized. What therefore can you do with a Galaxy.io account? Some of the very essential things that you can do as an account holder include:
– You can make purchases with BTC or XRP
– You can purchase items through this platform by making a bank transfer.
– You can access your account from your PC and mobile device at any time to execute any necessary transactions.
– You can also trade your assets anonymously.
What are the fees and charges associated with the use of Galaxycoin.io? 
The main fees that Galaxycoin users incur fall in the following categories:
1. Account Membership
– Standard account – no monthly fee
– Premier – $240 per year
2. Asset Purchasing Fees
– Direct deposit – Free
– Bitcoin BTC- $2.50
– Litecoin LTC- $3.50
– Ripple XRP- $5.00
– Galaxyshares (GXYR)- Free
– Galaxycoin (GXY)- 6% ( this is a brokerage fee)
– Galaxygold (GXYG)-8% (handling/ brokerage fee)
– GalaxySilver(GXYS)- 8% ( brokerage or handling fee)
3. Transfer Fees for Standard members
– Galaxyshares (GXYR) – 0.75% for every transaction
– Galaxycoin- 1.50% for every transaction
– GalaxyGold-2.50% for every transaction
– GlaxySilver-2.25% for every Transaction
4. Transfer fees for premier members
– Galaxyshares- 0.50% per transaction
– Galaxycoin-0.75% for every transaction
– GalaxyGold-2.00% per transaction
– GalaxySilver-1.75% per transaction
5. Liquidation fees for standard members
– Galaxycoin-6% brokerage fee ( for a minimum of 500 GXY)
– GalaxyGold- 15% brokerage fee ( done in 20-gram increments)
– GalaxySilver- 12% brokerage fee (done in 20 gram increments)
6. Liquidation fee for premium members
– Galaxycoin – 4% brokerage fee
– GalaxyGold – 12% brokerage fee
– GalaxySilver- 10% brokerage fee
P.S.
(If you are interested in Precious Metals and/or Bitcoin IRA solutions)
Is Galaxycoin.io a Scam or Legit and Genuine?
Galaxycoin.io is a genuine platform that offers access to genuine services. There is sufficient information about this platform on the internet. People have actually started using Galaxycoin already, and there are barely any negative remarks about it.
Some gaming platforms are also accepting payment through Galaxycoin, which is a thing that helps build their credibility. Like other cryptos, such as Bitcoin, there are mining pools that are dedicated to the creation of GalaxyCoin. Such are details that only prove that Galaxycoin.io is genuine.
Important to mention here:
Do NOT invest in ANY Cryptocurrency before reading this page on how to avoid the scams and only go for legit and real coins.
Pros and Cons
It might be wise to look at both the positives as well as the negatives and then compare them against each other to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
Pros
- You can use it to legally hold and trade precious metals
- You can liquidate and transfer bullion through
- You can make payments with this platform.
- Has membership categories that have differing perks.
Cons
- Commissions are higher than other alternatives in the market
- Still very new to the market and got a lot to prove
Do You Own or represent Galaxycoin.io?
If you are a representative, or associate of Galaxycoin.io and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to contact@goldretired.com.
Final words and verdict
Verdict: Not recommended (for now)
Overall rating: (3.5 / 5)
Ok, I think that sums up the overall view of Galaxycoin.io pretty good. It might be legit, it might not.
However, I can NOT recommend this as it is still very new and am not sure if it really solves any problem that another coin already solve.
There are so many reports of people getting scammed with new coins that promise gold and green but end up in misery and empty pockets.
So Please Be VERY Careful when it comes to new coins as around 95% of all of them out there are scams.
It is always a wise thing to educate yourself as much as possible in the areas you are interested in, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find my #1 recommended page, that I think is very important that you read before you invest in ANY new cryptos out there:
==> Learn how to NEVER get scammed with Crypto <==
I hope you found this short review of galaxycoin.io to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
Michael,
founder of: Goldretired.com
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