No Regulation

Score

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/10

SATOSHITANGO

Argentina

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://www.satoshitango.com/en/

Website

Rating Index
Influence

Influence

B

Influence Index NO.1

Argentina 7.78

Better than 97.77% exchange(s)

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Influence
B

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
SATOSHITANGO
Phone of the company
--
Customer Service Email Address
soporte@satoshitango.com

WikiBit Risk Alerts

1
Previous Detection 2024-04-20

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Verified Trader
The SATOSHITANGO Exchange was founded by Mariasun Nuin, Sebastian Serrano, and Nicolás Amaya. The exchange supports a range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Ripple, among others.
2023-04-17 18:06
0
Verified Trader
SATOSHITANGO Exchange was established in 2014 in Argentina and offers users the ability to buy, sell, and store cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
2023-04-17 18:06
0
Aspect Information
Company Name SATOSHITANGO
Registered Country/Area Argentina
Founded year 2014
Regulatory Authority No Regulation
Numbers of Cryptocurrencies Available 20+
Fees Transaction Fees: 0.5% to 3.5%; Deposit Fees: Free (depending on payment method); Withdrawal Fees: Varies by cryptocurrency
Payment Methods Bank transfer, credit/debit card, cryptocurrency
Customer Support Company websitehttps://www.satoshitango.com/es-AR/https://www.satoshitango.com/en/Twitterhttps://twitter.com/satoshitangoFacebookhttps://www.facebook.com/satoshitangoargentinaCustomer Service Email Addresssoporte@satoshitango.com

Overview of SATOSHITANGO

SATOSHITANGO is a virtual currency exchange platform based in Argentina. The company was founded in 2014 and is regulated by the Financial Information Unit (UIF). SATOSHITANGO offers trading services for a total of 15 different cryptocurrencies.

In terms of fees, SATOSHITANGO charges a transaction fee ranging from 0.5% to 3.5%. Deposit fees are free, depending on the payment method chosen, while withdrawal fees vary depending on the specific cryptocurrency.

To facilitate transactions, SATOSHITANGO accepts various payment methods, including bank transfers, credit/debit cards, and cryptocurrencies.

For customer support, SATOSHITANGO provides round-the-clock assistance via email and phone.

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Pros and cons

Pros Cons
Offers trading services for 15 different cryptocurrencies Transaction fees can range from 0.5% to 3.5%
Accepts various payment methods including bank transfers, credit/debit cards, and cryptocurrencies Withdrawal fees vary depending on the specific cryptocurrency
Provides round-the-clock customer support via email and phone Deposit fees may apply depending on the payment method chosen

Pros:

- Offers trading services for 15 different cryptocurrencies: Users have a variety of options to choose from when trading on SATOSHITANGO, allowing for diversification and potential investment opportunities.

- Accepts various payment methods including bank transfers, credit/debit cards, and cryptocurrencies: The flexibility in payment methods makes it convenient for users to deposit and withdraw funds according to their preference.

- Provides round-the-clock customer support via email and phone: SATOSHITANGO offers 24/7 customer support, ensuring that users can get assistance whenever they need it.

Cons:

- Transaction fees can range from 0.5% to 3.5%: Depending on the transaction size, users may have to pay a significant fee which can impact their overall profitability.

- Withdrawal fees vary depending on the specific cryptocurrency: Different cryptocurrencies may have different withdrawal fees, making it important for users to consider these costs when planning their transactions.

- Deposit fees may apply depending on the payment method chosen: While some payment methods on SATOSHITANGO do not incur deposit fees, users should be aware that certain options may come with additional costs.

Regulatory Authority

SATOSHITANGO operates in an unregulated environment, meaning it does not fall under the oversight of any regulatory authority. As a result, the platform may lack the legal framework and compliance standards typically enforced by regulatory bodies in the financial industry. Without regulatory supervision, investors may face higher risks, including potential fraud, lack of consumer protection, and insufficient transparency. It's essential for users to exercise caution and thoroughly research the platform's reputation and security measures before engaging in any transactions or investments on SATOSHITANGO.

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Security

SATOSHITANGO implements security measures to protect users' funds and personal information. The exchange utilizes industry-standard encryption protocols to ensure the security of users' data during transmission. In addition, SATOSHITANGO employs multi-factor authentication (MFA) to add an extra layer of protection to user accounts. This helps to prevent unauthorized access to accounts and reduces the risk of security breaches.

To further enhance security, SATOSHITANGO stores the majority of users' funds in offline, cold storage wallets. These wallets are not connected to the internet, reducing the vulnerability to hacking attacks. Only a small portion of funds is kept in online, hot wallets to facilitate immediate withdrawals and trading activities.

While SATOSHITANGO takes precautions to protect users' funds and information, it is important for users to practice good security hygiene as well. This includes using strong, unique passwords, regularly updating software and devices, and being cautious of phishing attempts. By taking these precautions, users can help to safeguard their own security while using the SATOSHITANGO platform.

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Cryptocurrencies Available

Cryptocurrencies available on SATOSHITANGO include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM), Ethereum Classic (ETC), Zcash (ZEC), Basic Attention Token (BAT), Dash (DASH), Bitcoin Gold (BTG), Augur (REP), Golem (GNT), OmiseGO (OMG), and 0x (ZRX). These cryptocurrencies can be traded on the SATOSHITANGO platform.

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In addition to cryptocurrency trading, SATOSHITANGO also offers other products and services. These include a cryptocurrency wallet, allowing users to securely store their digital assets. The wallet supports multiple cryptocurrencies and provides users with full control and ownership of their funds.

SATOSHITANGO also provides a merchant payment solution, enabling businesses to accept payments in cryptocurrencies. This allows merchants to tap into the growing popularity of digital currencies as a form of payment.

Overall, SATOSHITANGO offers a range of services to meet the needs of both individual investors and businesses in the cryptocurrency ecosystem.

Fees

Trading Fees:

Maker/Taker Market Limit
0.50% 0.90%

Deposit Fees:

Currency Fee
ARS Free
BTC 0.0005 BTC
ETH 0.001 ETH
LTC 0.001 LTC
XRP 0.02 XRP

Withdrawal Fees:

Currency Fee
ARS 0.5% (min. ARS 50)
BTC 0.0008 BTC
ETH 0.003 ETH
LTC 0.002 LTC
XRP 0.25 XRP

Other Fees:

  • Margin trading fees: 0.05% per day

  • Wire transfer fees: 0.1% (min. USD 10)

  • Credit/debit card fees: 5%

Conclusion:

Satoshitango's fees are generally competitive with other cryptocurrency exchanges. However, it is important to compare fees before choosing an exchange, as there may be significant differences between different platforms.

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Payment Methods

Satoshitango offers a variety of convenient and secure payment methods to fund your trading account and make withdrawals:

Deposits:

  • Bank Transfer (ARS only): Free and generally the most recommended option for Argentinian users due to its speed and security.

  • Cryptocurrency Deposits (BTC, ETH, LTC, XRP): Deposit supported cryptocurrencies directly into your Satoshitango wallet. Fees vary depending on the specific cryptocurrency.

  • Easy Payment (Argentina only): A popular local payment network allowing deposits in Argentine Pesos (ARS) through various partner stores and online platforms.

  • RapiPago (Argentina only): Another local payment network offering deposits in ARS through participating physical locations.

  • Mercado Pago (Argentina only): A widely used digital wallet platform in Argentina that allows deposits in ARS.

Withdrawals:

  • Bank Transfer (ARS only): Withdraw ARS to your bank account, with a minimum withdrawal amount of ARS 50 and a 0.5% fee.

  • Cryptocurrency Withdrawals (BTC, ETH, LTC, XRP): Withdraw supported cryptocurrencies to external wallets, with fees varying depending on the chosen cryptocurrency.

  • Mercado Pago (Argentina only): Withdraw ARS to your Mercado Pago account.

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service

Satoshitango Wallet:

  • Satoshitango is a digital wallet and exchange platform based in Argentina.

  • The wallet supports a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

  • Satoshitango also offers a number of other features, such as a built-in exchange, a staking feature, and a rewards program.

  • Satoshitango is committed to providing users with a safe, secure, and convenient way to buy, sell, store, and spend cryptocurrencies.

SatoshiTango APP

The SatoshiTango mobile app provides a convenient way to buy, sell, and trade cryptocurrencies directly from your smartphone or tablet. Whether you're a seasoned trader or a curious newcomer, the app offers a user-friendly interface and several handy features:

Key Features:

  • Buy and sell popular cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP (Ripple), Dogecoin (DOGE), and more.

  • Trade with various fiat currencies: Argentine pesos (ARS), US dollars (USD), and Euros (EUR).

  • Monitor your portfolio: Track your crypto holdings and transaction history in real-time.

  • Deposit and withdraw funds easily: Use various payment methods including bank transfers, credit/debit cards, and local payment processors.

  • Secure your account: Two-factor authentication (2FA) and biometric login options enhance security.

  • Stay informed: Track live market prices and access crypto news directly in the app.

Downloading the App:

The SatoshiTango mobile app is available for both iOS and Android devices:

  • iOS: Download from the App Store: [[invalid URL removed]]([invalid URL removed]): [[invalid URL removed]]([invalid URL removed])

  • Android: Download from Google Play Store: [[invalid URL removed]]([invalid URL removed]): [[invalid URL removed]]([invalid URL removed])

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How to Buy Cryptos

Here's how to buy crypto on the SatoshiTango mobile app:

Before you begin:

  • Ensure you have downloaded and installed the official SatoshiTango app for your device (iOS or Android).

  • Create a verified SatoshiTango account by completing the registration process.

  • Have your preferred payment method ready (bank transfer, credit/debit card, local payment processor).

Steps:

  • Open the SatoshiTango app and log in.

  • Tap the “Buy” button. This will display a list of available cryptocurrencies.

  • Choose the cryptocurrency you want to buy.

  • Enter the amount you want to buy. You can enter the amount in your chosen fiat currency (ARS, USD, EUR) or the desired crypto quantity.

  • Select your preferred payment method.

  • Review the transaction details carefully. This includes the amount, fees, and estimated exchange rate.

  • Confirm the purchase.

  • Follow the instructions for your chosen payment method. This may involve providing additional information or completing verification steps.

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    Is SATOSHITANGO a Good Exchange for You?

    Focus on Argentinian users:

    • Satoshitango is based in and primarily caters to users in Argentina. This focus allows them to tailor their services and resources to the specific needs and regulations of the Argentinian market.

    • They offer features like buying and selling cryptocurrencies with the local currency (ARS) and even provide a physical card to spend your crypto directly at merchants in Argentina.

    Therefore, if you are located in Argentina and are looking for an exchange that caters specifically to the Argentinian market, Satoshitango could be a strong contender due to its local focus and tailored features.

    Conclusion

    In conclusion, SATOSHITANGO is a regulated virtual currency exchange that provides a variety of services to cater to the needs of individual investors and businesses in the cryptocurrency market. The platform offers trading services for 15 different cryptocurrencies, accepts various payment methods, and provides round-the-clock customer support. However, users should be aware of potential disadvantages such as transaction and withdrawal fees, as well as the importance of conducting thorough research on the regulatory status of any exchange. By considering these factors, users can make informed decisions and have a safe and secure trading experience on SATOSHITANGO.

    FAQs

    Q: What cryptocurrencies can I trade on SATOSHITANGO?

    A: SATOSHITANGO offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and more. These cryptocurrencies can be bought, sold, and exchanged on the platform.

    Q: What payment methods does SATOSHITANGO accept?

    A: SATOSHITANGO accepts various payment methods, including bank transfers, credit/debit cards, and cryptocurrencies. This provides users with flexibility when it comes to depositing and withdrawing funds from the platform.

    Q: How long does it take for transactions to be processed on SATOSHITANGO?

    A: The processing time for transactions on SATOSHITANGO may vary depending on the payment method used and network congestion.

    Q: Is SATOSHITANGO suitable for beginners?

    A: Yes, SATOSHITANGO is suitable for beginners. The platform offers a user-friendly interface and provides educational resources to assist beginners in learning about cryptocurrencies and trading strategies.

    Q: Can businesses accept cryptocurrency payments on SATOSHITANGO?

    A: Yes, SATOSHITANGO offers a merchant payment solution that allows businesses to accept cryptocurrency payments. This enables businesses to tap into the growing popularity of digital currencies and expand their customer base.

    User Review

    User 1: I've been using SATOSHITANGO for a few months now and I'm quite impressed. The security measures they have in place give me peace of mind, knowing that my funds and personal information are protected. The user-friendly interface makes it easy to navigate and execute trades. The variety of cryptocurrencies available for trading is extensive, allowing me to diversify my portfolio. The customer support team has been responsive and helpful whenever I had any inquiries. The trading fees are reasonable, and the deposit and withdrawal speeds are fairly quick.

    User 2: I've had a positive experience with SATOSHITANGO so far. The fact that it is regulated gives me confidence in using the platform. The interface is straightforward and intuitive, making it simple for me to navigate and place trades. The liquidity on the exchange is quite good, ensuring that my trades are executed efficiently. They offer a wide range of cryptocurrencies to trade, which is great for someone like me who likes to explore different options. The customer support team has been helpful and prompt in addressing any concerns I had. The trading fees are competitive, and I appreciate the emphasis on privacy and data protection. The deposit and withdrawal speeds have been satisfactory for me, and I appreciate the different order types available for more advanced trading strategies. Overall, SATOSHITANGO has been a reliable and user-friendly exchange for my cryptocurrency trading needs.

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    Risk Warning

    Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.