Satang Pro Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A crypto exchange is an online platform that allows individuals and institutions to buy, sell, and trade various cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. Crypto exchanges operate similarly to traditional stock exchanges, but instead of trading stocks and other securities, they facilitate the trading of digital assets.

On a crypto exchange, users can place buy or sell orders for cryptocurrencies at a specific price and wait for someone else to match their order. Crypto exchanges may charge fees for executing trades, depositing or withdrawing funds, and other services. Some exchanges also offer advanced trading features such as margin trading, options trading, and futures contracts.

What Is Satang Pro Crypto Exchange ?

Satang Pro is a Thai-based cryptocurrency exchange that allows users to buy, sell, and trade various cryptocurrencies. The platform was launched in and is designed to cater to both retail and institutional investors.

Satang Pro offers trading pairs for major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple, as well as several other altcoins. The platform also provides users with real-time price data, order book depth, and trading charts to help them make informed trading decisions.

In addition to its trading services, Satang Pro also offers a mobile app for both iOS and Android devices, making it easy for users to access their accounts and trade on-the-go. The exchange also has a customer support team available to help users with any issues or questions they may have.

Satang Pro Crypto Exchange Quick Facts

How To Register At Satang Pro Exchange?

To register on Satang Pro, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Satang Pro Exchange Supported Countries

Satang Pro Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, Thailand, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Satang Pro.

How To Verify Your Satang Pro Cryptocurrency Account ?

There is no mandatory verification at Satang Pro, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Satang Pro, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Satang Pro Crypto Exchange?

There are two main options for topping up your balance on Satang Pro. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Satang Pro Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Satang Pro Account ?

Satang Pro is a cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies. To ensure the safety and security of your Satang Pro account, here are some recommended steps:

1. Use a strong and unique password: Create a strong and unique password for your Satang Pro account that is not used for any other accounts. Use a combination of uppercase and lowercase letters, numbers, and special characters.
2. Enable two-factor authentication (2FA): Satang Pro provides 2FA, which adds an extra layer of security to your account. You can enable 2FA by using Google Authenticator or Authy.
3. Verify your identity: Satang Pro requires users to complete a Know Your Customer (KYC) process, which involves providing personal identification documents. Completing the KYC process ensures that your account is fully verified and secure.
4. Keep your computer and software up-to-date: Always keep your computer and software up-to-date to protect against security vulnerabilities and malware.
5. Beware of phishing scams: Be wary of phishing scams, which are attempts to obtain sensitive information such as login credentials and personal information. Always verify the authenticity of any emails, links, or messages before clicking on them.
6. Use a separate email address for your Satang Pro account: Create a separate email address for your Satang Pro account that is not used for any other accounts. This will help to prevent hackers from accessing your other accounts in case your email address is compromised.

Fees taken when buying virtual currency

Satang Pro Trading fees

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. We call makers “makers” because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

EXAMPLE: Ingvar, offering to buy 1 BTC for USD 10,000. And Jeff, offering to sell 1 BTC for USD 11,000. If Bill comes along, and sells 1 BTC to Ingvar for USD 10,000, he takes away Ingvar’s order from the order book. Bill is here a taker and will be charged the taker fee. If Bill on the other hand would have offered to sell 1 BTC for USD 10,500, he would have placed an order on the order book that did not correspond to an existing order. He would thus have been a maker of liquidity. If someone would have accepted to buy 1 BTC from Bill for USD 10,500, then Bill would have been charged the maker fee (usually a bit lower than the taker fee) and the relevant buyer would have been charged the taker fee.

Satang Pro doesn’t charge different fees between takers and makers. Their fee model is instead something we call a “flat fee model”. Satang Pro’s flat fee is 0.20%. This is perfectly in line with industry average.

Satang Pro also offers trading fee discounts when you have a large trading volume during the preceding 30 days. Trading fees can become as low as 0.12% for both takers and makers if they have a large trading volume (over THB 320 million, which on this day corresponds to roughly USD 9.8 million). The exact trading fee discounts are set out in the below table (obtained before the lowering from 0.25% to 0.20%):

Satang Pro Withdrawal fees

Satang Pro’s withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.00057 BTC per BTC-withdrawal, so Satang Pro’s fees for withdrawals are competitive.

Deposit Methods

Satang Pro offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason.

However, as Satang Pro accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.

With respect to deposit processing time, deposits from Thai bank accounts usually take up to 24 hours. This is a quick process. If you hold your bank account with a non-Thai bank, it can take up to 7 days, but could also be a lot quicker. Cryptocurrency deposits are more swift (as always). Usually just 1-2 hours, but depending upon the blockchain network used.

Trade On Go Satang Pro Is 100% Mobile Friendly

Satang Pro is a cryptocurrency exchange platform that offers a user-friendly mobile application called “Satang Pro Go.” Satang Pro Go is designed to provide users with a seamless trading experience on their mobile devices, whether on iOS or Android.

With Satang Pro Go, you can:

1. Trade on the go: Satang Pro Go allows you to buy, sell, and trade cryptocurrencies anytime and anywhere. The mobile app provides a user-friendly interface that is easy to navigate, even for beginners.
2. Monitor your portfolio: You can keep track of your cryptocurrency portfolio and monitor market prices in real-time through the mobile app.
3. Access all features: Satang Pro Go provides access to all the features available on the desktop version of Satang Pro, including order books, trade history, and advanced trading tools.
4. Use secure authentication methods: The mobile app uses secure authentication methods such as biometric authentication (fingerprint or face ID) and two-factor authentication (2FA) to ensure the safety and security of your account.

How To Contact Satang Pro Customer Support Team?

If you have any questions or issues with your Satang Pro account, you can contact their customer support team through the following channels:

1. Live Chat: Satang Pro offers a live chat feature on their website where you can chat with their support team in real-time. Simply click on the chat icon located at the bottom right corner of the website to initiate a chat.
2. Email Support: You can also email Satang Pro’s customer support team at [email protected]. Be sure to provide as much detail as possible regarding your issue to help the support team better understand your concern.
3. Social Media: Satang Pro is active on social media platforms such as Twitter and Facebook. You can reach out to them through these channels to ask for assistance.
4. Help Center: Satang Pro has a comprehensive help center on their website where you can find answers to frequently asked questions. You can access the help center by clicking on the “Help” tab located at the top of the website.

When contacting Satang Pro’s customer support team, it’s important to provide as much detail as possible about your issue, including your account information, transaction details, and any error messages you may have received. This will help the support team provide you with a prompt and accurate solution to your problem.

Features Of Satang Pro Crypto Exchange

Trading

Satang Pro supports trading of various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more.

Advanced Order Types

Satang Pro provides advanced order types like limit orders and stop-loss orders to help traders manage their risk and optimize their trading strategies.

User-Friendly Interface

Satang Pro has a user-friendly interface that makes it easy for beginners to navigate the platform and execute trades.

Mobile App

Satang Pro has a mobile app available for iOS and Android, making it easy for traders to manage their accounts and trade on the go.

Security

Satang Pro employs several security measures to ensure the safety of users’ funds, including two-factor authentication, cold storage, and encrypted communication.

Customer Support

Satang Pro offers customer support through email and live chat to help users resolve any issues they may encounter while using the platform.

Regulatory Compliance

Satang Pro is fully compliant with Thai laws and regulations regarding cryptocurrency trading and operates with proper licensing and approvals.

Satang Pro Good Or Bad Points

Good Points:

1. User-friendly interface: Satang Pro has a simple and intuitive interface that makes it easy for users to navigate the platform and execute trades.
2. Low fees: Satang Pro has some of the lowest trading fees in the industry, for both makers and takers.
3. Strong security measures: Satang Pro employs advanced security measures to protect users’ funds, including two-factor authentication and cold storage.
4. Fast and reliable trading: Satang Pro’s trading engine is fast and reliable, ensuring that trades are executed quickly and efficiently.
5. Thai regulatory compliance: Satang Pro is fully compliant with Thai regulations and has proper licensing and approvals to operate as a cryptocurrency exchange in Thailand.

Bad Points:

1. Limited cryptocurrency selection: Satang Pro supports a limited number of cryptocurrencies compared to other exchanges, which may be a downside for users looking to trade less popular tokens.
2. Limited payment options: Satang Pro currently only supports bank transfers as a payment method, which may not be convenient for all users.
3. Limited customer support: While Satang Pro does offer customer support, it may not be as responsive or helpful as some users would like.
4. Limited geographical availability: Satang Pro is currently only available to users in Thailand, which may limit its user base and liquidity.

Is Satang Pro Is Safe Platform To Trade ?

Satang Pro is generally considered a safe platform to trade cryptocurrencies. The exchange has implemented several security measures to protect users’ funds, including:

1. Two-factor authentication (2FA) to secure login credentials.
2. Cold storage to keep the majority of users’ funds offline and out of reach of potential hackers.
3. IP address whitelisting to ensure that only authorized users can access their accounts.
4. Encrypted communication and SSL certificates to protect user data and prevent unauthorized access.
5. Regular security audits and testing to identify and fix potential vulnerabilities.

Satang Pro also complies with Thai regulations and has proper licensing and approvals to operate as a cryptocurrency exchange in Thailand. This regulatory compliance adds an extra layer of security and accountability for users.

Satang Pro Conclusion

In conclusion, Satang Pro is a reliable and secure cryptocurrency exchange that provides users with a variety of features to trade and manage their digital assets. The platform has a user-friendly interface, low fees, and strong security measures to protect users’ funds.

However, Satang Pro does have some limitations, including a limited selection of cryptocurrencies, limited payment options, and limited customer support. Additionally, the exchange is currently only available to users in Thailand, which may limit its user base and liquidity.

Overall, Satang Pro is a good option for users looking for a reputable and trustworthy exchange to trade cryptocurrencies in Thailand. However, users should be aware of the platform’s limitations and exercise caution when trading on any cryptocurrency exchange.

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