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Satang-1234732339081

Satang-1234732339081 WikiBit 2023-08-17 17:19

Satang Corporation Co. Ltd, founded in Thailand, is a regulated cryptocurrency exchange operating under the oversight of the SEC Thailand. The exchange offers 103 cryptocurrencies including Bitcoin, Ethereum, and Tether. Satang emphasizes security through encryption, SSL technology, and robust identity verification. It caters to various trading groups including beginners, security-conscious, mobile traders, and those interested in popular cryptocurrencies. Customer support is available via email and phone.

Aspect Information
Exchange Name Satang Corporation Co. Ltd
Regulatory Authority Securities and Exchange Commission (SEC) Thailand
Cryptocurrencies Available 103
Trading Fees Tiered based on trading volume in THB, taker fees range from 0.25% to 0.10%, and maker fees from 0.15% to 0.00%.
Payment Method Bank transfer, credit/debit card, PromptPay, SatangPay QR code, SatangPay merchant account.
Customer Support Email: info@satang.com, Phone:(+66) 2 026 6107 (24/7), Address: 89, Ratchadaphisek Road,Din Daeng District,Bangkok, Thailand

Overview of Satang

Satang Corporation Co. Ltd, founded in Thailand, is a regulated cryptocurrency exchange operating under the oversight of the SEC Thailand. The exchange offers 103 cryptocurrencies including Bitcoin, Ethereum, and Tether. Satang emphasizes security through encryption, SSL technology, and robust identity verification. It caters to various trading groups including beginners, security-conscious, mobile traders, and those interested in popular cryptocurrencies. Customer support is available via email and phone.

Pros and Cons

Pros Cons
Good selection of cryptocurrencies (103) Some cryptocurrencies are not as liquid as those on other exchanges
Low fees for both maker and taker orders (maker: 0.15%-0.00%; taker: 0.25%-0.10%) No promotions or discounts available
Supports a variety of deposit and withdrawal methods (bank transfers, credit/debit cards, PromptPay) There are fees associated with all deposit and withdrawal methods
Regulated by the Securities and Exchange Commission (SEC) Thailand Does not offer anonymous trading
Well-established exchange in Thailand Trading interface is not as user-friendly as some other exchanges
Pros:

- Good selection of cryptocurrencies: Satang offers a wide range of cryptocurrencies for trading, providing users with multiple options to choose from.

- Low fees: Satang charges low fees for both maker and taker orders, making it a cost-effective option for traders.

- Supports various deposit and withdrawal methods: Satang allows users to deposit and withdraw funds through different methods like bank transfers, credit/debit cards, and PromptPay, providing flexibility to the users.

- Regulated by the Securities and Exchange Commission (SEC) Thailand: Being regulated by a reputable authority adds a layer of credibility and assurance for the users.

- Well-established in Thailand: Satang has a strong presence and reputation in the Thai market.

Cons:

- Some cryptocurrencies may lack liquidity: It has been reported that Satang may not have the same level of liquidity for certain cryptocurrencies compared to other exchanges, which can impact trading opportunities.

- No promotions or discounts: Satang does not offer any promotional offers or discounts to its users, which can be a downside for those looking for additional perks or incentives.

- Fees associated with all deposit and withdrawal methods: Users should be aware that Satang charges fees for all deposit and withdrawal methods, which can increase the transaction costs.

- No anonymous trading: Satang does not offer anonymous trading, which means users' identities and personal information will be required for trading.

- Trading interface not very user-friendly: Some users may find the trading interface of Satang to be less intuitive and user-friendly compared to other exchanges, which may require a learning curve for new users.

Security

Satang Corporation Co. Ltd is regulated by the Securities and Exchange Commission (SEC) Thailand. The regulatory status of Satang is classified as regulated, indicating that it operates within the legal framework set by the regulatory authorities. In terms of the license, Satang holds a Digital Currency License, which falls under the jurisdiction of the Securities and Exchange Commission. The specific name of the license is Satang Corporation.

Satang Corporation Co. Ltd provides measures to protect its users' funds and personal information. The platform implements various protection measures to ensure a secure trading environment. These measures include encryption protocols and secure socket layer (SSL) technology to safeguard data transmission and prevent unauthorized access. Satang also employs robust identity verification procedures to verify the identity of its users and prevent fraudulent activities. Additionally, the company regularly monitors and updates its security systems to stay ahead of potential threats.

Trading Markets

Satang offers a range of trading products to cater to different needs and requirements:

  • Digital Asset Exchange: Satang operates as a trusted digital asset exchange in Thailand, providing a platform for users to trade various digital assets such as cryptocurrencies. With their ISO 27001 and 27701 certifications, they prioritize security and privacy.

  • Asset Tokenization: Satang offers a comprehensive solution for tokenizing real estate assets. They assist in the entire process, starting from ideation to the listing of tokens on secondary markets. This allows individuals or businesses to fractionalize and trade real estate-backed tokens.

  • Tailor-made Blockchain: Satang understands that not all demands can be met with a standardized blockchain. Therefore, they specialize in designing and developing customized blockchains that cater to specific requirements. This ensures that businesses can leverage the benefits of blockchain technology while aligning with their unique needs.

  • Satellite as a Service: In addition to trading products, Satang also provides a unique service related to satellite technology. They offer assistance with building, launching, monitoring, and consulting on satellite projects. This one-stop service is supported by a professional team to meet an organization's specific satellite needs.

Fees

Satang's fees are tiered based on trading volume in THB, with taker fees ranging from 0.25% to 0.10% and maker fees from 0.15% to 0.00%.

Volume (THB) Taker Fee (in %) Maker Fee (in %)
Up to 100,000 0.25 0.15
100,000 - 1,000,000 0.2 0.1
1,000,000 - 10,000,000 0.15 0.05
Over 10,000,000 0.1 0

Payment Methods

For deposit and withdrawal transactions on Satang, fiat deposits incur fees of THB 25 for bank transfers and THB 50 for credit/debit card deposits, while fiat withdrawals are subject to fees of THB 25 for bank transfers and THB 50 for credit/debit card withdrawals.

Payment Method Buy Sell Add Cash Cash Out Speed
Bank transfer Yes Yes Yes Yes 1-2 business days
Credit/debit card Yes Yes Yes Yes Instant
PromptPay Yes Yes Yes Yes Instant
SatangPay QR code Yes Yes No No Instant
SatangPay merchant account Yes Yes Yes Yes 1-2 business days

Is Satang a Good Exchange for You?

Satang is considered the best exchange for security and privacy due to its possession of ISO 27001 and 27701 certifications, ensuring robust security measures and privacy protection for users.

Besides, based on the features and offerings of Satang Corporation Co. Ltd, there are several trading groups that may find this exchange suitable for their needs.

  • Beginner Traders: Satang's user-friendly platform and educational resources make it an excellent choice for beginners in the cryptocurrency trading world. The articles, tutorials, and guides provided by Satang can help beginners understand the basics of cryptocurrency trading and develop their trading strategies.

  • Security-Conscious Traders: Satang's emphasis on security measures, such as encryption protocols, SSL technology, and robust identity verification procedures, make it an attractive option for traders who prioritize the safety of their funds and personal information.

  • Mobile Traders: Satang's mobile application allows users to conveniently trade cryptocurrencies on the go. The mobile app provides a seamless trading experience and enables users to monitor and execute trades anytime, anywhere.

  • Traders with Limited Cryptocurrency Options: While Satang offers a selection of 20+ cryptocurrencies, some traders may prefer a wider variety of options. However, for traders who are interested in the available cryptocurrencies on Satang, the exchange provides a reliable platform for trading popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).

Conclusion

In conclusion, Satang Corporation Co. Ltd provides a regulated and secure platform for cryptocurrency trading. The exchange offers a range of payment methods, responsive customer support, and educational resources to assist users in their trading journey. However, clients should consider the limited number of available cryptocurrencies, the transaction fee, and the absence of phone support as potential drawbacks.

FAQs

Q: What regulatory authority oversees Satang Corporation Co. Ltd?

A: Satang is regulated by the Securities and Exchange Commission (SEC) in Thailand under a Digital Currency License.

Q: How does Satang prioritize security for its users?

A: Satang implements encryption, SSL technology, and identity verification to ensure secure trading and prevent unauthorized access.

Q: How many cryptocurrencies does Satang offer for trading?

A: Satang provides a selection of 103 cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Tether.

Q: What are the fees for trading on Satang?

A: Trading fees on Satang vary based on trading volume, with taker fees ranging from 0.25% to 0.10% and maker fees from 0.15% to 0.00%.

Q: How can customers contact Satang's customer support?

A: Customers can contact Satang's support via email, phone, or written correspondence for various inquiries regarding the platform.

User Review

User 1: I've been using Satang for a few months now and I have to say, their security measures are top-notch. I feel confident trading on their platform knowing that they prioritize the safety of my funds and personal information. The interface is also user-friendly, making it easy for me to navigate and execute trades. The only downside is that their liquidity can be a bit limited, especially for some of the lesser-known cryptocurrencies.

User 2: Satang is one of the most regulated exchanges out there, which gives me peace of mind knowing that they operate within the legal framework. The range of cryptocurrencies available for trading is impressive, with all the popular options like Bitcoin and Ethereum. The customer support team is quite helpful, always addressing my queries in a timely manner. However, the trading fees can be a bit high compared to other exchanges, which can eat into my profits. The deposit and withdrawal speed is fast, allowing me to quickly access my funds when needed.

Risk Warning

There are inherent security risks associated with investing in cryptocurrency exchanges. It is important to understand these risks before making such investments. Cryptocurrency exchanges are vulnerable to hacking, fraud, and technical glitches, which can lead to the loss of funds.

It is recommended to choose a reputable and regulated exchange, keep abreast of security measures, and be vigilant in detecting and reporting any suspicious activity. Please ensure that you understand the risks involved and note that the information contained in this article is for general information only.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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