1109X Review: Is 1109X Good?
Overview and general information
1109 Prosper Co., Ltd. or abbreviated as 1109x was established in 2018 as a digital asset dealer. It has received a license for digital asset dealers (Digital Asset Dealer) for both cryptocurrencies and digital tokens, which operates under the supervision of the Securities and Exchange Commission (SEC). It also has a Digital Asset Dealer license. Currently, Thailand has 3 Digital Asset Dealers under its supervision, and 1109 Prosper Co., Ltd. is one of them. This guarantees credibility and focuses on creating more customer satisfaction. The company also emphasizes the security of digital asset management to protect customers' assets and personal information. It has a team of prototyping experts to maintain the security of digital assets.
Licensing and Regulation
If you ask whether 1109X is good or not, you have to start by considering the license factor first. The company has a license as a Digital Asset Dealer, licensed by the Securities and Exchange Commission (SEC) as follows:
Products and services
Digital Asset Trading Services
Providing direct digital asset trading services to customers without going through exchanges or middlemen, making the trading process easier and faster.
1109 Prime Pool (1109PP)
A service designed to facilitate the safe and efficient sale of large volumes of digital assets. Users can set their own selling prices and deposit their digital assets with an accredited custodian.
Key features of 1109PP
Setting your own selling price:Sellers can set the selling price of digital assets as desired.
Supports sales up to 500,000 USDT:Suitable for selling digital assets in large quantities
Security of depositing assets:Digital assets are held in an independent, certified custodian, such as Kryptodian, which has advanced security measures.
Flexibility in managing sales orders:The seller can cancel the order and return the asset at any time.
Low fees:The service fee is only 0.05 THB per USDT and there are additional discounts for members who continue to use the service.
Steps for using the 1109PP service
Apply for Prime service:Register to join the service via the 1109x website.
Set a sell order:Specify the quantity and price of digital assets you want to sell.
Deposit assets with a certified custodian:Transfer your digital assets to a custodian, such as Kryptodian, for security.
Waiting for command matching:When there is a buyer who matches the set price, the sale will proceed and payment will be made according to the specified terms.
Mobile Application
For the convenience of accessing services, 1109x has a mobile application that allows users to make transactions and track information anytime, anywhere.
1109x Review: Fees
Service Fee for 1109 Prime Pool (1109PP)
Surcharge
To support the circulation of digital assets and prevent long-term deposits, special fees have been set for digital assets that have not been sold within the specified period, as follows:
Special fee charged:If the digital assets in Group 1 (e.g. USDT) remain in the system for more than 14 days and have not been sold, a special fee will be charged to the user.
Billing cycle:A special fee will be charged every 14 days after the digital assets are transferred to the wallet and is calculated based on the value of the digital assets still in the system.
Deposit-Withdrawal Review
1109x is a digital asset trader that provides direct trading services to clients without going through an exchange or middleman. For trading transactions, users can transfer funds to buy or transfer digital assets for sale without having to deposit them in advance.
However, specific information about deposit and withdrawal channels, such as supported banks or payment methods, is not clearly stated on the website. For sure and correct information, it is recommended to contact 1109x customer service directly.
1109x Review: Pros and Cons
Pros:
Licensed by the SEC, confident in its reliability
Direct digital asset trading service, no need to go through a central market.
No need to deposit digital assets in advance
1109 Prime Pool service is available for large volumes of digital asset sales.
Cons:
Limited support for digital assets at the start
Providing services via Line Official Account may not be convenient for some people.
Some features and services are not yet available at this time.
Support and Customer Service
Summary of the 1109X review: Is it good?
1109XIt is a digital asset trader licensed by the SEC, which helps to ensure the safety and transparency of its operations. Its highlights are its direct digital asset trading service with customers without having to go through a central market, and its 1109 Prime Pool service, which is suitable for selling large quantities of digital assets. It also has the advantage of not having to deposit assets in advance, allowing users to make transactions conveniently and quickly. However, in the early stages, there may be limitations, such as limited support for digital assets, services provided via the Line Official Account, which may not be convenient for some people, and some features that are still under development. Overall, 1109X is an interesting option for investors looking for a safe and transparent service, but it is recommended to follow the development of the platform in the future.
Frequently asked questions about 1109X
1109 Who is Prosper?
Formerly known as A-Connect Co., Ltd., it was established in 2018 with a registered capital of 20,000,000 baht by Mr. Sumet Damrongchaitham for the purpose of trading digital assets without custody. The company focuses on providing convenient, fast and efficient services.
What is Prime Pool?
How can I contact 1109x if I encounter a problem or have further questions?
