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All You Should Know About GTBank GT Coins

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All You Should Know About GTBank GT Coins

The wave of cryptocurrency fever sweeping through the whole world is all-encompassing it seems, as even traditional banking institutions are joining the bandwagon. In this case, GTBank has introduced its own cryptocurrency to join the long list of Cryptocurrencies in Nigeria.

The surfacing of altcoins lately can be well attributed to the fact that most are trying to mimic bitcoin. We hope they get as lucky as Bitcoins so people can start choosing them as an alternative to Bitcoin trading in Nigeria.

The Guaranty Trust Bank(fondly referred to as GTBank), one of the biggest banks in Nigeria, is reportedly dabbling into the cryptocurrency world. Tied to their 737 mobile services, they are distributing virtual coins referred to as GT coins as confirmed by several users of the service. The coins are credited to users account every time a transaction is made using the 737 service. Many a user have been wondering what exactly is the point and use of the coins. The 737 service is one of the most extensive mobile banking services in the country and it seems they are aiming to make it even bigger with this new layer of functionality being added to the service.

The GT coins are reportedly still in a testing phase as they are distributed to customers every time they make a transaction using the 737 service. It is reported that the GTBank is aiming to use the GT coins technology to facilitate business transactions rather than for personal use. This is not the GTBank’s first foray into crypto technology, however.

As at last year, the blockchain technology was used as a form of identity verification as it was incorporated into their GT tokens. The token generated a random code for users every time a transaction was made, quite similar to the TX code for bitcoin users. This made it impossible for duplicating of a transaction or unauthorized access to users’ account details. The token was said to use a 128-bit security encryption to protect transaction details. The token also allowed for instant international transactions and access to forex markets.

However, in furthering their claim as the first bank in the country to introduce cryptocurrency to the general public, the GTBank GT coins aim to further delve into and explore the financial benefits and opportunities available in cryptocurrency world as opposed to just identity verification by the GT tokens. Users of the bank have confirmed that the GT coins are still being distributed exclusively as part of the 737 service only. The GTBank has not officially made a statement on the GT coins but we hope they will soon, so we can know even more about what they aim to do with the GT coins.

That’s that on GTBank GT Coins.

2017-12-10T14:24:19+00:00October 6th, 2017|Categories: Altcoins, Crypto News|Tags: , , |

42 Comments

  1. Oloruntoba Samson October 25, 2017 at 12:09 pm - Reply

    Good job… Thanks i now understand.

  2. Adaora OMOARUKHE October 26, 2017 at 9:24 am - Reply

    I now have an idea on what Gt bit coins us all about, but still waiting for more clarification. Thumbs up GTB

  3. Tijani Buhari October 27, 2017 at 12:25 pm - Reply

    Welcome development

  4. Akintunde Adegboye October 30, 2017 at 9:45 pm - Reply

    The information is still scanty since we still don’t know the value of the GTcoin and how to collect it.

    • sadiq rita November 29, 2017 at 1:31 pm - Reply

      Exactly. more information and clarification is required. No proper information and how one can collect the coins generated when you transact using 737.

      • Oluwa December 1, 2017 at 5:27 pm - Reply

        You can only use the coin to buy airtime worth N1,000 across all networks in Nigeria. And be redeemed if you are using a gt internet banking. To get N1,000 airtime, all you need is 200 gt coins. I have 20 coins already, waiting for 180 more.

        • olawale January 18, 2018 at 4:19 pm - Reply

          How do i convert it to recharge card there seen to be nothing relating to it on there mobile banking apps.

  5. Maichibi peter Emmanuel November 10, 2017 at 11:42 am - Reply

    Good Developmeent for GTBank and it Customers…

  6. Emperor November 12, 2017 at 6:37 pm - Reply

    How do one check the balance of the GTcoin that has been given ? I used the code 737 often and I usually see it saying you have been given 10GTcoins and so on …

    • Obed Nwafor January 21, 2018 at 9:26 pm - Reply

      Each time you use 737 your added gtcoin is shown to you immediately once it is up 200 u can use it to buy 1000 naira airtime

  7. Bassey Odudu November 15, 2017 at 10:44 am - Reply

    How can i make use of it ?
    What can be bought with it ?

  8. GBENGA AKANBI EMMANUEL. PHONE NO.07032799679. November 15, 2017 at 11:28 am - Reply

    How do i access my gt coin? I have being trying to access it by 737app, but i could not, and anytime i transact by using 737, i notice gt coin being credited to my account.

  9. ALADE ADETUNJI November 17, 2017 at 8:45 am - Reply

    GT Bank get on it faster

  10. Ahmad November 17, 2017 at 5:24 pm - Reply

    What about GTcoins & 2018 wallet?? Your response is very important to me. Thank you

  11. adeyemi November 19, 2017 at 10:43 am - Reply

    How can I check my GT Coin account and also how can I found my GT Coin, pls I need to known more about GT coin, found with more explains. Thanks

  12. […] a previous post on All You Need To Know About GT Bank GT coins, we are happy to announce that you can now buy airtime with GT Bank GTcoins on the GTB internet […]

  13. Peter December 1, 2017 at 1:42 pm - Reply

    Good day all. I too have being wondering of this GTcoins thing until while playing with my account online (internet banking platform) I saw GTcoins tab and Redeem GTcoins tab. On clicking the Redeem GTcoins tab, I found out I can purchase Airtime with it, but the minimum airtime I can purchase is N1000 mtn, glo, 9mobile, airtel and it requires 200GTcoins. Unfortunately, my GTcoins balance is not up to that. Stumbling on this forum, I felt it wise to contribute. If you do internet banking, you can check and see if you can redeem yours, but for now, I think it can be used for recharge card only as seen on my internet banking platform.
    Thanks.

    • Nath December 9, 2017 at 10:47 pm - Reply

      Where exactly did you find it??

  14. Oshuntoyinbo segub December 8, 2017 at 8:37 pm - Reply

    Gt coin is welcome ideal

  15. Illikannu Donald December 11, 2017 at 7:25 am - Reply

    Nice

  16. IYANDA ABDULAHI OLUWASEUN December 16, 2017 at 6:30 am - Reply

    How can I check the balance because I use 737 regularly

  17. Oyekan abiodun December 16, 2017 at 10:02 pm - Reply

    How can l redeem my gtcoin in my internet banking.
    I want to know how to redeem it
    I have over 250coin now

  18. daniel December 17, 2017 at 10:50 pm - Reply

    abeg na scam……i do get the coin but each time i want to redeem it tells me no redeemable coin,try *737*99#

  19. kokowap24 December 20, 2017 at 6:07 am - Reply

    Nice development… can’t wait for it to start functioning.

  20. Umoru Alu December 20, 2017 at 8:45 am - Reply

    Nice explanation but still not clear to details, why do they intend to use it a a business to the costumer and how is the costumer going to benefit from the so called business when the officially announce the use of the GTcoin. more details please.

  21. Dada pelumi morufat December 20, 2017 at 8:17 pm - Reply

    I have 280 gtcoin am waiting for my #1000 airtime

    • Howfa January 27, 2018 at 11:43 pm - Reply

      You have to redeem it through internet banking. Log in n redeem but if it passes a month , u lose all

  22. hero December 28, 2017 at 8:23 am - Reply

    how to redeem your gtcoin value is simple, first if you have a good browser like chrome,Firefox and opera (I’m not sure of the mini) type in gtb in your search and click on the appropriate website of gtb,then logging into your internet banking. click on menu when your must have successfully logging, you will see REDEEM YOUR GT COIN,click on it and a drop down will appear showing how many coins you have. note that u must have a TOKEN HARDWARE cos there is a space where you will put the generate transaction code from d token. your airtime will be sent within 24hrs.

  23. Joshua Eritemu December 29, 2017 at 9:22 am - Reply

    Comment…please i need more clarification on gt coin.

  24. Michael January 1, 2018 at 2:11 pm - Reply

    The GTCoins is pure scam. Whenever you use 737 you are told you have earned a number of coins, believe me if its 200 coins you will only see 20 credited to your account. Then end of the month they mysteriously take all your gtcoins stating you didnt use it, what right do they have taking away what you have earned. I am sure the gtcoins stolen from you are bound to appear in someone elses account probably the Managers. GT bank operates like criminals, i intend to close my account from such a cheating bank.

    • TMoney January 20, 2018 at 7:59 am - Reply

      This claim is not true.

      • SMYL January 22, 2018 at 5:41 pm - Reply

        IT IS TRUE. I AM CURRENTLY EXPERIENCING THE SAME. I HAD ABOUT 200 GTCOINS AND SUDDENLY, EVERYTHING DISAPPEARED WITHOUT NOTICE.

    • Adeola January 31, 2018 at 2:25 pm - Reply

      What!!!!!!
      Can’t believe this comment.
      Ridiculous!

  25. Ibrahim January 4, 2018 at 2:43 pm - Reply

    If u r GTBANK customer and u earned gt coin when u use 737… Anytime u use another bank ATM u ll forfeit ur coin u have in ur account… Meaning when ever u earn the coin make sure u don’t use any other bank ATM aside GTBANK ATM Until u redeem ur coin…

    • Howfa January 27, 2018 at 11:46 pm - Reply

      That’s true. It’s there on their online platform.if u don’t use it within a month, u also forfeit it

  26. SMYL January 22, 2018 at 5:43 pm - Reply

    Really? Is this one of the Terms and Conditions?

    We need to know all the terms and conditions pls @GTBank

  27. Abdul January 30, 2018 at 9:13 pm - Reply

    U can get iPhone 7 with 1000 GTcoins. Goodluck guys, i currently have 690.

    • Lola February 1, 2018 at 10:39 am - Reply

      Really? I haven’t hear anything about winning an iPhone 7 o.

  28. Jude February 20, 2018 at 2:53 pm - Reply

    I have been collecting 2000 every month from my redeemed coins. Its cool lose N50 for every transfer and gain N25 for doing up to 40 transfers. I think the coins expire every other month and is wiped out once you use your card on another bank ATM.

  29. EMMY February 21, 2018 at 11:04 am - Reply

    IF YOUR GT COINS DISAPPEARED THAT MEANS YOU HAVE BEEN MAKING A WITHDRAWAL AT OTHER BANKS, IF YOU USE YOUR GT BANK CARD TO WITHDRAW FROM OTHER BANKS THEY WILL DEDUCT YOUR GT COINS..

  30. Anjorin Sunday K. February 26, 2018 at 11:15 am - Reply

    Great idea from gt bank, keep up the good work

  31. Ernest Godwin March 24, 2018 at 11:13 am - Reply

    wow nice one….. but how can we check the number o coins that we have…… as well as using it also.

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