EXPERIENCES & Satos review
SATOS, a reliable Dutch cryptocurrency trading platform. Buy crypto with iDeal here.
Making cryptcurrency accessible to the general public is an important mission for SATOS. In our opinion, they are doing a very good job in this. Unlike other crypto exchanges and brokers sometimes have confusing and complex sites. Does SATOS have a website that is more minimalist, with only useful information. This ensures a pleasant and clear feeling for beginning traders.
We often get the question can you buy outright on SATOS Bitcoin, or any other crypto currency? The offer of SATOS is not very extensive and is similar to the offer of BTCdirect. The crypto currencies that can be bought on SATOS include: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin cash. Before you decide to buy one of these crypto currencies, it is advisable to check where they are offered cheapest.
SATOS verfication and limits
Due to the fact that there is no obligation to have an account at SATOS, it is not necessary to perform verifications before you can start trading crypto. However, it is important to know that SATOS will certainly check your account in order to guarantee security. When you place an order on SATOS for the first time, the verification on your bank account will only be carried out. If the company would like to know more about you personally, you will receive an e-mail from SATOS with an instruction e-mail.
The verification is a verification on your bank account. This process can take up to 4 hours, depending on how quickly your bank accepts the verification.
In case of SATOS there are no limits attached with regard to buying and selling crypto currency. The only limitation concerning doing transactions is that you’re only allowed to have a certain size per transaction. Per purchase of crypto currency you can buy a maximum of 10.000. This is because IDEAL can’t process larger amounts per time, however you’ll be able to place as many transactions as you like and there’s no limit attached to this.
The transaction limit for selling crypto on SANTOS is €50,000. If you decide to sell more, you have to sell your crypto in parts.
Buy Satos Bitcoin and other cryptocurrency
Buying Bitcoin and other cryptocurrency via SATOS is quite different compared to other brokers. There is no obligation to have an account on SATOS. This makes it very easy to select the cryptocurrency you want to buy and the amount of it. It is important to remember that the first transaction can take a bit longer. When SATOS sees that you are buying cryptocurrency for the first time, they will first perform a verification on your bank account. This is done to prevent illegal transactions. At the ABN amro this verification takes about 15 minutes. At other banks this process can take about 4 hours.
Of course this is not pleasant, but fortunately this is only a one time process. If you use the same bank account for the following transactions.
Buying cryptocurrency at SATOS is a very easy and quick process to complete. You fill in which cryptocurrency you want to buy and the amount of it. Next you share your personal data like for example your e-mail address and the address where the crypto has to be sent to. The speed with which a transaction is completed depends on the quantity. If you buy less than 0.1 Bitcoin, the transaction is often completed within 1 minute. If you buy a large amount of Bitcoin, it will take about 15 minutes.
Note: This is only during opening hours. Every transaction is checked manually by an employee.
Selling Crypto on SATOS
The cryptocurrency selling process is the same as buying on SATOS. After filling in all the details regarding the sale, the money will be transferred to your personal account. Before you decide to sell the crypto in your possession you should keep an eye on the current crypto price. Sale transactions are usually completed within ten minutes. Should this process be somewhat delayed, please note that the amount will be credited to your bank account the next day. The payouts are made by bank transfer.
SATOS fees and costs
Like any exchange, SATOS fees are charged per transaction. This is the main earning model of the SATOS exchange.
Per transaction you have to calculate that a certain percentage is withheld by SATOS for the service the company offers you. The amount is as follows:
Purchase costs: Between 1.5% for Bitcoin, and 2.5% for other altcoins.
Selling Costs: Between 0.7% for Bitcoin and 2.5% for other altcoins.
Is SATOS reliable as an exchange?
SATOS is a platform that values financial anonymity and user safety. SATOS leaves as much security and privacy as possible to the users of the platform. For example, SATOS only requests data that is necessary to fulfill a transaction. For example, no identity verification is required to trade on SATOS.
There is also no need to register an account with personal data in advance. The question of whether SATOS is reliable to use as a trading platform can therefore certainly be answered with a ‘Yes’. An example of proof of this is that SATOS scores 4.6/5 in the ‘Trustpilot’. The SATOS reviews and SATOS experiences of users are very positive.
SATOS contact centrum
Each trading platform has its own advantages and disadvantages, and this is also the case with SANTOS. However, one thing is certain, it will not be the SATOS contact center. This broker can be reached by phone, Facebook, Twitter, e-mail and live chat. And all this seven days a week. From 10:00 to 22:00 SATOS offers support for any user!
Do you have a question outside the standard opening hours? Then please visit the frequently asked questions page on the SATOS website.
The crypto trading platform SATOS, is known as a very customer-focused and easily accessible exchange. This broker is very open to possible feedback through platforms such as Google reviews and Trustpilot. After completing your first trade on SATOS you will automatically receive a notification to leave a SATOS review about the trade you have made. This results in the fact that many new users start trading on SATOS with a safe and pleasant feeling.
SATOS is a nice trading platform; it is very user friendly, works fast and is very customer focused. Above all, the exchange creates the feeling that the crypto assets are in your possession, completely in your own hands and under your own control. Especially for beginning users, this is why SATOS is such a suitable exchange.
Are you interested to start trading crypto? Take a look at our review about the Binance Exchange & BitVavo.
Are you using this exchange? Leave your review!
Be the first to leave a review.
|Free Account||Yes, register here|
|Country of residence||Netherlands|
|Buy with creditcard||Not possible|
|Buy witht iDeal||Possible|
|Cash out to bank||Possible|
What is Satos
Making cryptcurrency accessible to the general public is an important mission for SATOS. In our opinion, they are doing a very good job in this. Unlike other exchanges and brokers sometimes have confusing and complex sites. Does SATOS have a website that is more minimalist, with only useful information. This ensures a pleasant and clear feeling for beginning traders.
Satos only focuses on the major cryptocurrencies such as btc, bch, eth, ltc and xrp.
Active in the world of crypto since 2013.
Easy to use platform thanks to the interface.
A good customer service which is available 7 days a week.
Frequently asked questions
Is SATOS suitable for beginners?
Yes, SATOS is very suitable to use for beginners. This because of the clear and simple way of buying and selling crypto currency.
Does SATOS offer the possibility to trade different crypto currencies?
Yes, SATOS offers some crypto currency. These are mainly the big players within the market of crypto currency like for instance Bitcoin.
Is SATOS trustworthy to use?
Yes, SATOS is very reliable to use as a trading platform. Especially when it comes to trading anonymously, SATOS is highly regarded.
Does SATOS have a customer service?
Yes, SATOS has an extremely strong customer service team that is constantly ready for its users.