RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Trade Satoshi

Trade Satoshi Exchange Review

Centralized

Trade Satoshi Overview

  • TradeSatoshi was launched in 2015 in the UK and offers services relating to cryptocurrency trading. Its location makes the exchange more competitive than most other platforms, as the UK is among the few countries that are home to numerous competitive exchanges. The exchange offers more than 100 coins available for trading, including the most popular ones as well as some rare coins. TradeSatoshi prides itself on its secure and practical platform.

    Information on the trading fees that the exchange charges is not available on the platform. Though many exchange reviews talk about the low fees that TradeSatoshi charges, there is no clear information on what exactly these charges are on any platform. It is mentioned frequently, however, that the exchange does not charge commission but that the profit that the exchange makes is already calculated in the price. This could be a dealbreaker for some investors who are used to the traditional way of charging fees. It could also put some investors at risk as they will not necessarily know how their money will be handled on the exchange. As for withdrawal fees, the exchange charges an amount of 0.002 BTC. It should be noted that this is higher than the global industry average.

    Fiat-crypto trading is not allowed on the exchange. Only crypto-to-crypto trading can be conducted on the platform, so new cryptocurrency investors might be deterred from using this platform as it does not offer a practical service for them. One of the biggest advantages that TradeSatoshi provides is anonymity, as it does not ask for ID and address verification. Only e-mail verification is required upon registration. This could be a desirable feature for those who are looking for maximum anonymity.

    For enhanced security, TradeSatoshi makes use of the commonly used two-factor authentication (2FA) system, wallet encryptions as well as cold wallet storage. However, users have complained about the exchange mishandling their accounts and not letting them withdraw money. Such complaints do not seem to have been resolved by a customer support service, and many platforms suggest that the exchange pays people to make positive comments about them on certain platforms. Though such claims cannot be proved, the negative comments so far suggest that there is a security issue concerning TradeSatoshi.

    The exchange supports a website designed in a modern fashion. However, there does not seem to be any other language options than English, which poses an issue for users who are not fluent in the language. Thee also isn’t a mobile app for the exchange, unlike most other cryptocurrency trading platforms, which could deter those who are looking for maximum practicality.

    Trade Satoshi Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      10.064 BTC

      • Trade Satoshi Total Trading Pairs

        282

        • Trade Satoshi Margin Trading

          No

          • Trade Satoshi Deposit fees

            Free

            • Trade Satoshi Fiat Deposit

              None

              • Accepted Payment Method

                None

                • Trade Satoshi Native token

                  Yes

                  • Native token smart contract

                    N/A

                    • Trade Satoshi Trading Markets
                      • Trade Satoshi Stablecoins trading

                        Trade Satoshi Withdrawals

                        • Daily Withdrawal Limit

                          depends on membership level

                          • Trade Satoshi Withdraw fees

                            BTC – 0.002 BTC

                            ETH – 0.008 ETH

                            LTC – 0.02 LTC

                            Full list of fees can be found here

                            • Trade Satoshi Withdraw fees discount

                              N/A

                              • Proof of Reserves

                                N/A

                                Trade Satoshi Exchange Additional Information

                                  • Trade Satoshi Headquater

                                    United Kingdom

                                    • Trade Satoshi Establish date

                                      2018