TradeSatoshi Cryptocurrency Exchange - 2018 review | finder.com
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TradeSatoshi exchange – October 2018 review

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Is this crypto-to-crypto exchange the right platform for your trading needs?

TradeSatoshi is a crypto exchange platform where users can buy and sell bitcoin (BTC) and hundreds of other altcoins. Designed with ease of use in mind, the exchange offers 0.2% trading fees and several security features to help ensure the safety of user funds.

To help you decide whether TradeSatoshi is the right exchange for your crypto trading needs, we’ve put together this comprehensive review.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is TradeSatoshi?

Launched in 2015, TradeSatoshi is a crypto-to-crypto exchange that allows users to trade more than 200 digital currencies. It lists popular coins like bitcoin, Bitcoin Cash and Litecoin as well as a wide variety of lesser-known currencies.

Based in London, TradeSatoshi features a basic user interface and supports 2-factor authentication for account security. It also offers a “Faucet” feature where users are able to claim free coins.

Which cryptocurrencies can I buy/sell?

TradeSatoshi users can trade a wide range of digital coins and tokens, including the following:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • Verge (XVG)
  • ZClassic (ZCL)
  • Dash (DASH)
  • Monero (XMR)
  • ReddCoin (RDD)
  • Zcash (ZEC)
  • Zcoin (XZC)
  • Komodo (KMD)
  • Bitcoin Gold (BTG)
  • Bytom (BTM)
  • Stratis (STRAT)
  • Hcash (HSR)
For a complete list of supported currencies, visit the TradeSatoshi website.

Available countries

TradeSatoshi offers its services to crypto buyers and sellers worldwide. Contact the exchange directly if you’re unsure whether you’ll be able to access the platform from your country of residence.

Which payment methods are accepted?

As TradeSatoshi is a crypto-only exchange, it doesn’t accept fiat deposits. The only way to deposit funds into your account is via cryptocurrency transfer.

How much will it cost me to use TradeSatoshi?

While there is no fee for depositing funds into your account, you’ll need to consider trading and withdrawal fees before signing up for an account with TradeSatoshi.

When you place a buy or sell trade, a 0.2% fee applies to your transaction.

The withdrawal fees charged vary depending on the coin or token that’s transferred. The withdrawal fees for some popular currencies are shown in the table below:

CurrencyWithdrawal fee
Bitcoin0.002 BTC
Bitcoin Cash0.00001 BCH
Litecoin0.02 LTC
Dogecoin1 DOGE
Verge0.1 XVG
Dash0.001 DASH
Monero0.01 XMR
Zcash0.0001 ZEC
Bitcoin Gold0.001 BTG
Stratis0.0001 STRAT

Are there any transfer limits?

We couldn’t find any information about deposit or withdrawal limits listed on the TradeSatoshi website. However, make sure to do your own research before depositing any funds with the exchange.

Is it safe to use TradeSatoshi?

Before you can use your TradeSatoshi account, you’ll need to verify it by entering your full name, date of birth and email address. You’ll then need to click on a verification link that’s emailed to you.

TradeSatoshi encourages users to enable 2-factor authentication to protect their funds. It also offers a range of other security features including offline storage of users’ private keys, DDoS mitigation for its servers and live backups to help users recover their funds in case of an emergency.

Customer support

If you need help with your account or have a question about a specific transaction, you can submit an online support request. You can also get in touch with TradeSatoshi via Discord, and the team maintains a presence on Facebook and Twitter.

However, while TradeSatoshi claims to offer full-time support every day of the year, several users have complained about slow response times from the platform’s customer service team.

Pros and cons

Pros

  • Access to a wide range of cryptocurrencies
  • Supports 2-factor authentication
  • Decent range of security features
  • Platform is straightforward and easy to use
Cons

  • Some users have complained about the quality of customer support
  • Low trading volume
  • Leverage trading not available
  • Fiat deposits not accepted
  • Doesn’t support ETH

At the time of this writing, the author holds ADA, IOTA and XLM.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping people find the right products for them. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

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