SATOS was established in 2013 and is located in Lelystad. The site has a user-friendly interface and useful video instructions to guide new users through the process of trading in cryptocurrency. The name of the company is inspired by Satoshi Nakamoto, the pseudonym of the mysterious Bitcoin maker. SATOS expanded their portfolio in 2018 from only Bitcoin to Litecoin, Ethereum, Bitcoin Cash and Ripple. With this development, they are now directly competing with BTC Direct.
What sets this broker apart from the rest is that you do not have to set up an account in order to purchase crypto! This makes it easier than ever to start trading in crypto!
Next to that, one of the stronger points of SATOS is their customer service. You can reach them every day from 10 am to 10 pm and you can even pay them a visit at their office in Lelystad!
As mentioned before, it is not necessary to set up an account at SATOS. There is a purchase limit of € 50,000 a day. In case you want to make such a purchase and you pay with iDEAL, you would have to make multiple purchases since the iDEAL limit is € 10,000 per transaction.
You can make up to 3 transactions per 24 hours. If you are in need of more transactions, you can choose to verify your personal details.
When you buy crypto for the first time with SATOS, they will ask you to verify your bank account. You can purchase Bitcoins from € 50 and the other four cryptos from € 10.
Are you looking for a simple and user friendly broker? SATOS might just be the one for you!
Video is in Dutch
SATOS does not offer an own wallet service. Therefore, it is very important to set up your own wallet before you purchase any crypto from this broker! With a wallet, you can save your crypto in a safe way.
The costs you have to pay differ per crypto. However, the fees are always somewhere between 0,6% and 1,5%. This is on the low side, compared to other brokers. Do you want to know what the cheapest broker is for you? Compare brokers here at CoinCompare!
Prices shown on SATOS are with spread and fee.
Prices shown on CoinCompare are with spread and fee.
The security measurements at SATOS are not too extensive, since you do not have an account and store your crypto in your own wallet. However, your bankaccount does get verified the first time you purchase crypto. Further safety measurements regarding your crypto, is your own responsibility. Make sure you have a good wallet before you make a purchase with SATOS!
SATOS has a Dutch and English website. Their customer support is offered in both languages as well.
By Jeroen Modified 10/06/2020