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Satang Review

Satang Review

Adrian Graham
Fact Checked
Oct 26, 2022

Satang, previously known as Thai Digital Asset Exchange (TDAX), is a Thailand-based cryptocurrency exchange that offers users crypto to Thai Baht (THB) trading services on a secure and insurance-backed exchange. It was developed to address the rising trading needs of the professional and retail market in Southeast Asian countries and beyond. 

CEO and founder Poramin Insom launched the platform in November 2017. Insom has a strong technical background from his previous working experience at Microsoft and Accenture. In this review, you’ll learn what makes this platform stand out from the competition and whether it’s worth using for your trading services or not.

Table of Contents

Satang Review Highlights

Platform Highlights

  • Thailand's largest and most trusted cryptocurrency exchange.
  • Trade over 45 cryptocurrencies with low fees starting at 0.2% per transaction.
  • Trade 24/7 on any devices including Web, iOS, Android Google Play & more.

Satang Features

Satang doesn't offer many features on its platform as it's still considered a relatively new cryptocurrency exchange. Although it may lack in diversity of features, it does offer high security and low fees. Below you can find a detailed breakdown of the supported features on the Satang exchange. 

Satang Review
Satang: Thailand's most trusted crypto exchange.

Satang Pro

Satang Pro is the trading platform that allows investors to limit buy cryptocurrencies with Thai Baht. Satang has 45 cryptocurrencies on its platform including Bitcoin, Ethereum, Tether and Tron.

Satang Shop

Satang shop will allow users to utilize the platform’s frictionless digital asset payment system to buy and sell without stress and within seconds. Customers can use the Satang shop to pay for utilities, ride public transport, shop online, or refill gift cards with digital currencies. However, as of press time, the feature is still in the pipeline and has not been launched yet.

Satang Nodes

The Nodes feature is another value-rich one from Satang, ensuring stressless staking and validator/master node service. It supports digital assets like Zcoin and Bitcoin, and you can create a node in quick and easy steps.

Satang Vault

The Satang Vault is considered a fortification for digital assets where “military-grade security” is employed to keep assets safe from external interference. It is built to exclusively service corporate clients and institutional investors.

Satang Pro Trading Platform.
Satang Pro Trading Platform.

Satang Fees

Satang Pro offers a flat fee of 0.2% of all trades which is below the industry average of 0.5%. Investors with a large monthly trading volume of about 320M THB can access significant trading fee discounts and pay as low as 0.12% per trade.

Deposit fees vary depending on what deposit method you use, Promptpay and Wire Transfer charge between 20 - 50 THB.

Withdrawal fees on Satang are competitively low, and do not depend on trading volume or withdrawal amount but rather on the asset. The exchange charges 0.0004 BTC for every Bitcoin withdrawn which is low compared to other cryptocurrency platforms. 

Mobile App

Satang Pro has a mobile app with top features like buying and selling cryptocurrencies or  checking your portfolio. The app is supported on both Android and iOS devices. It also supports Promptpay systems with QR codes built-in for payment. You can use your stored cryptos for daily transactions and investments in Thailand.

Satang App iPhone Screenshot.
Satang App iPhone Screenshot.

Is Satang Safe?

Satang Pro is considered safe for users and is Thailands only high-security exchange. It applies AML, 2FA (two-factor authentication), and KYC principles to keep user funds and data secure. It prides itself as the only regulated digital asset exchange in Thailand with international ISO 27001 Standard Security Certificate. 

To be awarded this certification, the exchange must undergo an SCI Qual International security audit which ensures that information security management systems are secure, eliminating unauthorised access, modification or use for malicious intent.

Satang ISO 27001 Award.
Satang ISO 27001 Award.

Customer Support & Online communities

Satang has adequate customer support in English and Thai and unfortunately do not offer a live chat feature. Users can receive technical support by email and leave a request via an online ticketing system. Satang’s Bangkok office has a phone number local customers can call.

If you would like immediate assistance from their support team, you can reach them via one of their online communities on multiple platforms including - Telegram, Youtube, Twitter, Facebook, and Instagram.

Final Thoughts

Satang offers the best security out of any cryptocurrency exchange in Thailand. In addition to being secure it offers users a quick, secure, and functional trading platform they is reliable and fast. Satang might not be as popular as some of the bigger cryptocurrency investing platforms, but it offers great security and competitively low fees.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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