Bitstamp
- Overview
- Security
- User Experience
Volume 24H: USD 6379.00 / 24h
Bitstamp is a cryptocurrency trading platform based in the European Union but intended for worldwide use. With over 5 years of trading experience on the market, Bitstamp is one of the most popular Crypto exchanges in the world, stating that it has over 1 million registered users. Bitstamp was the first Ripple coin gateway and the first partner in Ripple's successful incentive program.
Bitstamp has a lot of features for the end-user, but mainly focuses on 4 major trade markets: BTC, LTC, ETH, and XRP. They also recently added support for Bitcoin Cash. Bitstamp is intuitive to use, with a great UX design, but has lots of features and complex chart views, which makes it not ideal for users who haven't had any previous experience with stock market trading.
Crypto Currencies Support
- BCH
- BTC
- ETH
- LTC
Traditional Currency Support
- EUR
- USD
Language Support
- English
Country Support
- Australia
- Canada
- European Union
- Japan
- Switzerland
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- — Api
- — Mobile App
- — Web Interface
Stock Market Options
Bitstamp conducts regular internal audits. All internal processes are audited by one of 'The Big Four' on a yearly basis. A full yearly audit, which incorporates IT security checks and data protection processes, is conducted by an external auditor. Bitstamp enforces Anti-Money Laundering policies and states that 98% of digital funds are stored offline.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Both |
| Storage Type | At Least 80 Of User Funds Are Stored In Cold Storage |
Bitstamp is registered in the UK, Luxembourg, and United States. It was founded by Nejc Kodri?, a widely-known member of the Bitcoin community, alongside Damijan Merlak in his native Slovenia. In 2017, Bitstamp raised over $3,5 million from over 400 investors through Bnktothefuture.com. They started in the early days of Bitcoin with just a few computers in their garage.
Summary:
Bitstamp is highly-praised by its users over its transparent fee policy, which varies based on traded volume. This platform is one of the more popular Bitcoin exchanges in the world and stands out as being user-centered, putting emphasis on customer needs. The company received heavy investments in 2017, reaching over 1 million users.
| Ease of use | Developed |
| Transaction Fees | Between 0.10-0.20% Depending On Volume |
| Deposit/Withdrawal Fee | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Bank Transfer | 0-0.09% |
| Deposit/Withdrawal Fee For Credit Card | 1.1+ |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | 0.1-0.29% |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party, Send/Receive Crypto, Gold Withdrawal
Functionality:
Bitstamp offers users the opportunity to use Sub Accounts, a feature that permits advanced control over trading, allowing users to set aside assets to particular trading purposes. Currently, there is no mobile support for this feature. Bitstamp provides instant trading and supports all major credit cards. They also allow users to set-up SMS price alerts for their selected trading markets.
Most common customer complaint:
— Some users complain on Reddit about problems with the transfer deposits and withdrawals not being credit to their accounts. Also some users complain of a slow verification process.