Is Satang Pro a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Satang Pro is a good crypto exchange to start trading with. In this article you will learn whether Satang Pro is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker Satang Pro
The Satang Pro exchange offers trading with popular cryptocurrencies and coins. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Cardano, and other assets are traded on this platform. Clients of the exchange are provided with a free multicurrency wallet for settlements; they can deposit funds in fiat, including the US dollar, pound sterling, euro, Russian ruble, and Chinese yuan. The exchange is Thai but operates all over the world, and it has no regional restrictions. There is no minimum deposit either, and the trading terminal is the standard in-browser TradingView version. The exchange has low commission fees of 0.25% for the taker and maker at the first trading level. With an increase in trading volume, commissions decrease. There is a typical referral program with payments of 30% of the referrals’ trading commissions. Satang Pro does not have investment programs.
| 💰 Account currency: | Cryptocurrencies, fiats |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies and fiats (deposits only) |
| 💹 Margin Call / Stop Out: | No |
Satang Pro Pros and Cons
👍 Advantages of trading with Satang Pro:
•many cryptocurrencies and coins for trading;
•large trading volumes;
•easy to learn and functional trading terminal inside the browser;
•low trading commissions even at the first trading level;
•no deposit fees and free multicurrency wallet;
•the wallet can be funded with fiat currencies (there are twelve in total);
•low entry threshold, easy verification, no minimum deposit;
•referral program with payments of 30% of partner commissions;
•quick communication with technical support (including a call center);
•the exchange operates under a license, with no history of fraud.
👎 Disadvantages of Satang Pro:
•no investment offers;
•there are no specialized solutions for beginners.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for Satang Pro Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Satang Pro offers traders the following conditions.
| 💻 Trading platform: | In-browser TradingView |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, fiats |
| 💵 Replenishment / Withdrawal: | Bank accounts, cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies and fiats (deposits only) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | There are a lot of cryptocurrencies and coins for trading, deposit in fiat currencies is available, a free multicurrency wallet, you cannot deposit/withdraw using a plastic card, there are no investment solutions, there is a profitable referral program, optimal trading commissions |
| 🎁 Contests and bonuses: | N/A |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Satang Pro commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The commissions of this crypto exchange are similar to those of most competing platforms. On Satang Pro, trading fees are based only on the user’s trading volume in the last 30 days. Commissions do not differ for taker and maker. There are eight trading levels, which are determined by the trading volume. At the lowest (first) level, with a trading volume of up to 8 million THB (equivalently, trades involving other assets are taken into account), the commission is 0.25%. At the highest (eighth) level, with a trading volume of 320 million THB, commissions are 0.12%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.25% per order | Yes |
Investment programs of Satang Pro
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Satang Pro offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Satang Pro cryptocurrency exchange does not provide investment solutions to its clients. There is no staking or similar opportunities. The only option for passive earnings on the platform is the referral program. The exchange is focused primarily on active trading, and its users earn by buying and selling cryptocurrencies and coins.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
Satang Pro’s affiliate program
The Satang Pro exchange has a referral program typical for the segment. Every client can take part in it, there are no restrictions. You must first register and verify, the referral link will be available in the corresponding section of your personal account. The link is personal, unlimited, and it is generated once.
The exchange’s client can post the link wherever he wishes. Each user who follows this link will be registered on the platform, and after he starts active trading, he will automatically become a referee to the owner of the link. And it will bring him permanent income in the amount of 30% of the amount of the commission for each of his trading operations.
The referral status is not limited in time. This means that it brings income to the inviting user all the time the referral is trading with the platform (and while his account is active). Nor is the number of referrals limited. Using one link, the exchange client can invite any number of partners and receive referral payments for each of them. Detailed statistics on referrals and payments are available in the personal account.
Conclusion. Is Satang Pro good for beginners?
The Satang Pro cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Satang Pro could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.