What is Satang Pro?
Satang Pro aims to provide its users with cryptocurrency-to-THB (Thai Baht) trading services on an exchange that is secure and insurance-backed. It was supposedly developed to solve the growing trading requirements of the retail and professional markets within Southeast Asian countries or beyond.
Where is Satang Pro located?
As alluded to earlier, the Satang Pro cryptocurrency exchange is based primarily in Thailand.
Who created Satang Pro?
Poramin Insom is the man behind the launch or development of the platform, which was released in November 2017. He has a robust technical background due to his prior working experiences at Accenture and Microsoft.
Who owns Satang Pro?
The Satang Pro cryptocurrency exchange and the services it provides are owned by the company known as Satang Corporation Co., Ltd., whose founder, again, is Poramin Insom.
Is the Satang Pro exchange available in the USA?
So far, Satang Pro has not explicitly stated that US-based investors are not allowed to trade on its platform. So, it might be safe to assume that you can trade here if you are from the United States. That said, any investors based in the US who are interested should formulate their own opinions regarding any problems that could potentially arise due to their residency or citizenship.
Satang Pro was previously called the Thai Digital Asset Exchange, or TDAX, for short.
Is Satang Pro legit?
Satang Pro claims to be the only properly regulated cryptocurrency exchange within Thailand that has acquired both ISO 27001 (the international standard for information security) and ISO 27701 (the privacy information management system). So, yes, it is legitimate based on that alone and not what one may normally refer to as a “scam.”
Is Satang Pro safe?
Based on what has been mentioned earlier and the fact that it applies AML or KYC measures and two-factor authentication (2FA) to ensure the safety of users’ funds and other personal data, it should be a safe place for users to trade on or invest.
Moreover, to even be awarded such a certification, like the aforesaid ISO 27001, exchanges must go through an extensive security audit by SCI Qual International, ensuring that their information security management systems have been properly secured, removing unauthorized access, use, or modification for suspicious intent.
Satang Pro Pro & Con
Among the things that the Satang exchange has going for it are its robust security measures, its user-friendly interface, and the convenience it offers for users in Thailand through its THB support.
However, some of the areas where improvement might be needed would be in expanding its geographic availability (it focuses primarily on the Thailand audience), its liquidity, and also its cryptocurrency selection, which is a bit limited when compared to what other exchanges are offering. And finally, there is the utter lack of trading options, which could turn away serious traders.
How to buy on Satang Pro
Unfortunately, there aren’t that many ways to buy tokens on this exchange. Its trading options, as highlighted previously, are limited. Still, as outlined briefly below, there is a way that you can buy the tokens you want.
Register
To start with, you will have to sign up on the platform. So, head over to its official website and click the Register button towards the top to begin your registration process. Enter your email address and phone number while setting up a strong password. Agree to its terms, and after that, you will receive an email regarding the confirmation of your registration, so confirm it over there and then log into the account you have just created.
Complete KYC & Enable 2FA
Now that you have registered your account on the exchange, you will have to complete the KYC process if you want to be able to deposit or withdraw on the exchange. One thing to note here is that you may need your mobile phone for this since you will need to take pictures of the relevant documents, so download the exchange’s mobile application.After logging in, click your profile icon, select Account, and then Identification. Fill in every required field, make sure that the information you have added is accurate, and click submit. Verification requests will usually be processed within 24 hours, and you will be sent an email that will notify you of your results.Now, once you are done with KYC, it is recommended that you enable 2FA. Download the Google Authenticator application, then click your profile icon and select Security. Following that, open Google Authenticator and scan the QR code. Click Enable after you have entered your code in the second step.
Add Bank Account
Verifying your bank account is a must should you want to deposit or withdraw THB, which is the only fiat currency it supports and the only currency that can be paired with other tokens, meaning that you won’t find any other trading pairs, such as USDT/BTC or BTC/ETH, for instance. So, after you have logged into your account, click the Wallet button and select Spot Wallet. Select Bank Account, then fill in the required form and add an image that contains your bank book’s first page with your account number and name. Since this exchange primarily focuses its trading services on Thailand, only a select number of banks may be supported.
Fund Account
To trade on this platform, you will need to deposit some THB. THB deposits are divided into two types: instant and normal deposits. Instant deposits are for users who send THB through mobile banking applications, whereas normal deposits are for those who do not use such applications. Hence, for normal deposits, users can transfer funds from the bank account that they have bounded on Satang. Here, banks that are bound might be limited to those operating within Thailand.So, after choosing Spot Wallet from the “Wallet drop-down menu, select the Deposit option. Within the fiat section, choose Instant as the payment method, add the amount, and click Submit. You will then see a QR code on the screen, so open your mobile banking application and then scan that QR code. The process may take around five minutes to complete, and once completed, you can check the funds by going to the Balance page.
Buy Crypto
Now that you have funded your account with some THB, you can head over to its trading page and use that THB to buy some cryptocurrencies and pay the trading fees. However, it seems that only the limit orders are supported here.
How to deposit in Satang Pro
Earlier, we highlighted how you can deposit some THB into the exchange. This time, we will cover your standard cryptocurrency deposits.
So, once you have logged into your account, select the Wallet button, which you will find towards the upper right corner, and click on Spot Wallet. Then, select the Deposit option for the token you wish to deposit after you have found it. Select the Copy Address button and simply paste it into the platform you want to initiate the transfer from.
Processing times may depend on how many confirmations are needed for every cryptocurrency deposit on the blockchain. Once the process has been completed, however, your token will be automatically deposited into your wallet, which you can then check by going to the page titled “Deposit History.”
How to withdraw from Satang Pro
Withdrawing tokens on Satang Pro is relatively straightforward. Just select the Withdraw option for the token you want to withdraw, enter the amount, and the recipient address, i.e., the deposit address from the platform you want to withdraw to. Following that, you will have to add your 2FA code, and you will then get a withdrawal confirmation email, so please click Confirm Transaction. You will then be brought back to the website’s login page. Simply log in to confirm your withdrawal transaction.
How to transfer from Satang Pro to Binance
To transfer funds from Satang Pro to Binance, just follow the withdrawal process previously mentioned, which will entail adding the deposit address from Binance for the token you wish to withdraw from Satang.
How to transfer USD from Bitget to Satang Pro
As previously outlined, Satang Pro mainly caters to the Thai cryptocurrency audience, so there is no way for you to directly transfer USD from Bitget to Satang, or any exchange for that matter.
How to buy Bitcoin on Satang Pro
To buy Bitcoin on Satang Pro, head over to its trading page and find the BTC/THB trading pair. You will then have to execute a limit order and wait for it to be completed.
What coins does Satang Pro support?
From what we have gathered, the Satang Pro cryptocurrency exchange supports around 50 tokens, which can be quite limited when compared to what some of its competitors are offering.
Satang Pro Review
Review and basic information of Satang Pro are as follows.
| Crypto Exchange Basics | Satang Pro |
|---|---|
| Official Name | |
| Exchange Representative (Founder) | |
| Headquarters Location | |
| Satang Pro Launch Date | 1970-01 |
| Number of Tradable Crypto Pairs | Pairs |
| Weekly Visits | 0 Users |
| Overall Rating | ⭐ / 5.0 |
The rating result at the top is the result of Coin-Labs.com's overall evaluation of Satang Pro.
Satang Pro was rated in seven categories: fees, diversity and quality of the services provided, security capabilities, etc.
Satang Pro Fee 2024
The fees charged to you for transactions at Satang Pro are as follows.
| Maker/Taker Fees | Satang Pro Transaction Fees |
|---|---|
| Spot Maker Fee | No Service Provided |
| Spot Taker Fee | No Service Provided |
| Derivatives Maker Fee | No Service Provided |
| Derivatives Taker Fee | No Service Provided |
The fees shown in the table above are Satang Pro transaction fees charged to a regular user.
Satang Pro Trading Volume
Trading Volumes of Satang Pro are as follows. (Based on CoinMarketCap 2024-11-22 13:48:48 data)
| Trading Volume Items | Satang Pro Trading Volume |
|---|---|
| Daily Trading Volume (24h) | 0 KRW |
| Weekly Trading Volume (7d) | 0 KRW |
| Monthly Trading Volume (30d) | 0 KRW |
| Daily Volume Change (24h) | 0.00% |
| Weekly Volume Change (7d) | 0.00% |
| Monthly Volume Change (30d) | 0.00% |
Communicate with Satang Pro
You can check exchange's messenger and SNS information in the table below.
| Types | URL |
|---|---|
| 🎺 Messenger |
FAQs
Who founded Satang Pro exchange?
Satang Pro was founded in 1970 by .
Where is Satang Pro located?
Currently, Satang Pro's headquarters is known to be located in the .
How many cryptocurrencies are tradable on Satang Pro?
If you join Satang Pro, you can trade a total of crypto pairs.
How much is Satang Pro trading fee?
Satang Pro has a spot maker fee of % and a taker fee of %. On the other hand, the maker fee for futures trading is N/A and the taker fee is N/A. Please note that these fees are for regular users, and the higher your membership level within Satang Pro, the lower the fees.
How much is Satang Pro trading volume 24h?
Satang Pro's trading volume 24h is 0 KRW. Furthermore, the daily trading volume is showing a 0.00% change from the previous day.
How much is Satang Pro weekly trading volume?
Satang Pro's weekly trading volume is 0 KRW, with a total of 0 users. Furthermore, Satang Pro's weekly trading volume is showing a change of 0.00% from the previous week.
How much is Satang Pro monthly trading volume?
The monthly trading volume of Satang Pro is 0 KRW. Furthermore, this month's trading volume is showing a change of 0.00% compared to the previous month.
