UPDATE 17 March 2020: This exchange closed down on 1 March 2020. Accordingly, we have marked the exchange as “dead” and moved it to the Exchange Graveyard.
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Trade Satoshi Review
A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Trade Satoshi consists of four parts: general info, fees, deposit methods and security.
Trade Satoshi is one of the crypto exchanges from the UK. Competition among exchanges in the UK is really fierce. A non-exhaustive list of exchanges from the UK (in addition to this one) includes Exmo, CEX.io, CoinEgg, Livecoin, DSX, LocalTrade, Bittylicious, CoinMate, Indacoin, MixCoins, Paybis, Vaultoro, Instant Bitex and eToro.
The platform does not openly prohibit US-investors from trading. Accordingly, we do believe that US-investors can trade here.
As the reasons to start trading here, Trade Satoshi states that is fast, secure, comes with full time support and simple and lightweight APIs. While all traders out there don’t need APIs, they do need speed and security. Full-time support is also always helpful to have.
Trade Satoshi Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at Trade Satoshi:
Trade Satoshi Fees
Trade Satoshi Trading fees
We have not been able to find any info on the trading fees here. This could be a risk for you as an investor. When an exchange does not inform clearly about their fees, there is a higher risk that the fees are high. Accordingly, we strongly urge you to make your own analysis of the trading fees at Trade Satoshi before depositing any funds here.
Trade Satoshi Withdrawal fees
This trading platform charges a withdrawal fee amounting to 0.002 when you withdraw BTC. This is not unreasonably high but not very low either.
This trading platform does not accept any other deposit method than cryptos, so new crypto investors can’t trade here. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptos from another exchange and then, as a second step, deposit them at this exchange. To find your entry-level exchange where you can purchase your first cryptos for fiat currency, just use the Exchange Finder. We’ll help you pick out what you need.
Trade Satoshi Security
This platform’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
The exchange reviewed above has a large number of cryptos you can trade. If a large number of cryptos is important to you in your choice of exchange, you could also check out the following exchanges: