Trade Satoshi is a crypto exchange based in the United Kingdom. It allows buying or selling Bitcoin and Altcoin. It also facilitates crypto trading. The company was founded in 2015. Though, there is not much information on the founders of the exchange. Features such as margin trading are also not available.
Security features of Tradesatoshi
There are several features that make Tradesatoshi a good exchange platform. It has high security, customer support and maintains transparency with the customers. The servers for the exchange are fast and work on DDoS mitigation. DDoS resist any DOS attack on the server and mitigate its effect. Thus, it helps in protecting the server and contributes to uptime stability.
The security of wallet is the top most priority for Tradesatoshi. They have cold storage facility i.e. private keys are generated by the server and stored in offline mode. This secures the currency from any vulnerable attacks from the viruses.
Two-factor authentication (2fa) is an added feature.
2fa works in coordination with Google authenticator. QR code is generated for every account, which is scanned with Google authenticator. The authenticator sends a 6-digit code. This adds an extra level of security. Furthermore, Live backups are taken and wallets are encrypted.
Tradesatoshi provides full assistance to its customer by responding to their queries 24*7. If a user raises any query, an instant response is sent. Query handling is efficient and also a priority.
Faucet column is available on the website. It can be earned or claimed by a user. There are public and private API for better trading and exchange experience. Email notifications are sent to the user regarding any transaction. The User interface is friendly and easy to use.
Another interesting feature of Tradesatoshi is Coin voting. There is a voting system that gives users a platform to submit their new coins. Upon the submitted coins, a person can vote on its most preferred coin.
How to setup a Tradesatoshi account?
A user can log onto www.tradesatoshi.com to set up a new account and click on “register”. Details such as name, email, and date of birth are required. A user can create its own username and an alphanumeric password. Click on “I agree to T&C”. A verification link is sent to the registered email ID. Once the link is verified, the user can login with username and password.
There are several tabs present on the home page such as market, status, faucet, Vote, API, and Support.
Click on the “market” tab for a 24-hr summary of BTC, LTC, and DOGE. The crypto trading pairs and details of volume in current timeline are also present. Click on “status” to know more about the last block added to the ledger for a particular cryptocurrency.
Click on “Vote” tab to see the list of various currencies such as Rupaya coin, Peepcoin, Dollar coin etc. It also shows the number of the current vote on each currency. A user can select the currency of choice and vote for it.
Click on “Faucet” tab to know the list of the currency and their balance. A user can claim for the cryptocurrency.
Thus, Tradesatoshi is a convenient platform to trade for cryptocurrencies. Though, it has some of the features missing. There is no mobile wallet application for the users. There are no data analysis tools and real-time updates for the user. Thus, a person would have to research using other platforms before buying, selling or exchanging the currency. There is no clear mention of transaction fees on the website or any other source.