( Tradesatoshi ) Seeking For a Perfect Exchange to Trade your Coins?

By safex | CryptoMobs | 8 Nov 2019

In the world of cryptocurrencies, exchanges are one of the vital points for things to happen. It is through them that people can convert their crypto assets to others or even to those who still depend on the old financial system, fiduciary currency.

Unfortunately, we also have serious security or exit scam accidents involving exchanges. “Not to forget the case of Mt. Gox, which, due to security vulnerabilities, lost about 740,000 bitcoins, equivalent to 460 million euros or $ 3 billion, according to October 2017 pricing.” — Blocknomi

We also had, most recently, the case of Bitsane. An Irish exchange that disappeared overnight, scamming over 200,000 users.”According to Forbes, there were people who were interviewed saying they lost about $ 5,000 and one person, especially from the United States, who claimed to have lost about $ 150,000 on XRP and bitcoin.” Its daily trading volume was around 7 million as of March 31, according to CoinMarketCap.

“Exchange is not wallet”. This is a very common quote in the crypto world. We should not store many quantities for long in exchanges. The ideal would be just to trade the cryptoactive and then store them in a wallet, either a hardware wallet or paper wallet. Remembering that online wallets are susceptible to breaches and security issues, so I don’t see them as a good storage option.

Already answering the title question, we need more exchanges as a way to stimulate competitiveness. And with competitiveness, customers win because the diversity of exchanges that offer low trading fees, security and transparency is only increasing.

But then which exchange would you recommend? You may be asking me. And in your answer, I say TradeSatoshi. In this article, I will look a little bit about this exchange, which so far has served me well.

What is TradeSatoshi?

Trade Satoshi is a centralized exchange that has been operating in the cryptocurrency market since 2016 for trading bitcoins and altcoins. It is mainly focused on security, transparency and customer service, in order to ensure trust for users.

Security and Stability

Exchange is secure and stable, providing DDOS attack protection, 2-factor authentication, live backups, cold wallet storage, high-end encryption, and many other things.

Staff and service

The developers team and the exchange team is available 24/7 to serve customers while being active on social networks. They will be able to answer any questions asked and provide appropriate support politely and kindly.

API Development

For developers, they have a simple, lightweight API that works with flexibility and scalability to support any JSON format application for everyone they use.

Design

I found the exchange design very beautiful and minimalist. The user interface is very intuitive and elegant. By default, TradeSatoshi makes your theme dark, but you can switch to the light theme by clicking the small sun icon at the top of the site.

There are two ways to trade at TradeSatoshi. The basics for less experienced people and advanced for more experienced traders. Basic features a user interface where the order book is on the left, the candlestick chart on the right and full size, and has the history of trades and markets at the bottom.

Basic Trade Interface

The advanced mode is characterized by having a leaner interface where we have the candlestick chart on the left, the order book and the trading history on the right. And the markets menu at the top, with latest price and daily volume information.

Advanced Trade Interface

Chat

We also have an exchange chat. You can communicate with other traders by asking and answering questions, and of course getting tips! That’s right, you can gain tips from multiple cryptocurrencies by staying active and chatting on the exchange.

Note: The chat is at the bottom of the basic trading interface. But to access only the advanced version chat, you must mouse over the hamburger menu and click chat.

Faucets

And for those who like faucets, exchange also has this feature. You can get fractions of multiple cryptocurrencies in the system, but you can claim one per day only.

Coin Listing

If you are a cryptocurrency developer and would like to list your project on TradeSatoshi, click here to see the latest listing prices. There are options to list normally, swap or airdrop and add a slot in the chat tipping feature.

Benefits of listing on TradeSatoshi include the TabTrader for mobile traders feature. Being listed on Blockfolio, & other price tracking apps like: CoinMarketCap and Coingecko, in addition to their great API. And it has over 300 thousand users.

Fees

Regarding trading fees, they are 0.1% for all markets. Deposit fees are 0% for all currencies. And in relation to withdrawal, it depends on the currency. Check out this link the fee structure.

News

By following this link and following Trade Satoshi’s social networks, you can stay on top of exchange news, involving new listings or delistings of currencies, airdrops, bounties and trading competitions.

Conclusion

The diversity of exchanges that appear every day is immense. However, we should always do a careful research on them. TradeSatoshi, discussed in this article, is a good exchange to look at. It is safe, transparent, focused on good customer service, and guarantees some forms of gain such as faucets and chat tips. Its design is incredibly beautiful and minimalist, and has a good intuitive and simple user interface for both beginner and experienced traders. Yours fees are relatively OK and your customer service is terrific.