Bitstamp is one of the leaders in crypto trading in the world. This pioneer of centralized exchanges has made its reputation by offering a powerful platform, especially for Bitcoin trading.
Bitstamp is also an exchange that complies with the legislation of many countries. This solidity attracts many investors to the platform every year. In this review, we will detail the different advantages and disadvantages of the platform!
What is Bitstamp?
BitStamp is one of the largest exchanges on the planet. Created in 2011 by Damikan Merkak and Nejc Kodrič in Slovenia, this crypto exchange has millions of users worldwide.
Regarding daily trading volume, the platform ranks in the top 20 CEX. She has since moved to Luxembourg. BitStamp offers more than 80 crypto assets for purchase or sale.
The exchange’s strength is that it is the only one in the world under full license. BitStamp has regulatory approvals worldwide, guaranteeing compliance and solidity that reassures investors.
Bitstamp offers an ergonomic platform that adapts to novice investors and the most experienced traders.
- A pioneering exchange
- A complete worldwide license
- A reference for the BTC exchange
- A simple and intuitive mobile application
- Few assets compared to leaders like Binance.
- A less attractive staking offer than other CEX
Cryptos and assets available on Bitstamp
Bitstamp offers more than 80 tradable cryptos on its platform. An exciting offer, although limited compared to some competitors. We take stock of the assets available on Bitstamp:
- Stablecoins, cryptos related to the metaverse or NFTs, are also present on the exchange.
- Some gaming tokens are also listed on Bitstamp. These include Apecoin, Axie Infinity, and The Sandbox.
- The large caps of the market. The most considerable crypto assets on the market are available as Bitcoin, Ethereum, Cardano, Solana, or Shiba Inu are present on Bitstamp.
- DeFi cryptos are also available on Bitstamp. Projects like Aave, UniSwap, Maker or Curve are on the CEX. Protocols such as Vega, Alpha Finance or Band are also listed.
The supply of tokens on Bitstamp is, therefore, attractive. The sector has the most significant projects, even if other crypto exchanges make a greater diversity of tokens available.
Fees on Bitstamp
Fees are essential to observe when looking for a solution to trade or invest in crypto-currencies. Let’s take stock of Bitstamp’s pricing policy together.
Deposit and withdrawal fees
Bitstamp deposit and withdrawal fees depend on the method chosen:
- No fees for crypto withdrawals.
- Withdrawals by SEPA transfer are charged €3 commission.
- No transaction fees for deposits in cryptocurrencies or SEPA transfer
- A fee of 0.05% of the amount deposited on all simple international transfers.
- International withdrawals by single transfer are subject to a fee of 0.09% of the amount to be withdrawn.
Trading fees when trading are also crucial, especially if you are used to making many orders each year. At Bitstamp, these are 0.5% for each transaction made on the platform.
This rate is identical for all crypto on the platform. It is significantly higher than among competitors, including Binance.
Bitstamp Fee Summary and Notice
Bitstamp offers a pricing policy in the middle to high range of the industry. The trading fees are higher if the deposit and withdrawal fees remain reasonable. Depending on your profile, they can affect your performance.
These fees vary depending on your monthly trading volume. They are, for example, 0% if you trade less than $ 1,000 per month and 0.20% if you trade between $ 10,000 and $ 100,000 monthly.
Bitstamp mobile app
Bitstamp has been offering a mobile application since 2019. The latter is ergonomic and easy to access. Thus, it is suitable for both novice investors and more seasoned traders. The app is available on iOS or Android for free.
It allows you to access Bitstamp features with some limitations. However, the main functions, such as buying and selling cryptos, are achievable through this app.
Bitstamp User Experience
Bitstamp offers a pleasant trading experience. The exchange is ergonomically designed with the possibility of displaying more or less complex tools depending on the user profile.
It is easy to place orders and invest in just a few clicks. This platform will therefore suit both beginners and the most experienced traders.
Bitstamp Trading Tools
As the Bitstamp website claims, the exchange has supported pro traders in the cryptocurrency market since 2011. The longevity makes it one of the oldest players in the market and one of the most famous.
For this, Bitstamp offers trading tools directly integrated into the platform. It is possible to display many technical analysis indicators, more or less advanced, directly on your screen.
A way to offer an optimal trading experience, especially for experienced traders. All the primary tools available at TradingView, the industry leader, are available directly from your Bitstamp account.
The different types of accounts on Bitstamp
Bitstamp offers the opening of accounts for individuals but also institutional clients. Indeed, the exchange also offers services for banks, professional traders or hedge funds.
Institutional clients benefit from additional features, including more responsive customer service.
Features on Bitstamp
Like the vast majority of the industry, Bitstamp offers different features to its users. These include:
- Buying and selling cryptocurrencies
- Staking currencies like Ethereum to generate passive returns (Bitstamp Earn)
- Educational resources to strengthen your skills in crypto and blockchain (Bitstamp Learn)
Bitstamp Regulation and Licensing
Bitstamp is one of the most severe platforms. Present on the crypto market since 2011, it has survived the many bear markets in the sector. In addition, the company has numerous regulatory approvals around the world.
The exchange has more than 50 regulatory authorizations worldwide, a guarantee of seriousness and compliance with regulations in many states. The exchange has a “Payment Institution License” in Europe.
It was the first company in the sector to win the precious sesame. Nearly 30% of the company’s employees work in the compliance department, another sign of the seriousness of the crypto exchange.
Bitstamp has three main headquarters in Luxembourg, the United States and the United Kingdom. Bitstamp undergoes an in-depth audit by a private firm every year.
How do I open an account and buy on Bitstamp?
Nothing could be simpler to start investing in Bitstamp; you just have to follow these few steps.
Open an account
First, you need to open an account on the platform. To do this, go to the official website or the Bitstamp application. Click the Get Started tab.
Then, you must fill in your personal information and click on Continue. Note that it is at this stage that you can choose a professional account if you are interested.
You must then fill in your country of residence and validate the site’s general conditions.
An email will be sent to you in the process. You will have to click on the latter to continue your registration.
Realize your KYC
Once the link is followed, you must complete the steps necessary for KYC (Know Your Customer). This procedure is a legal obligation in the fight against fraud and money laundering. Before that, you must choose a password of at least 8 characters.
Once the documents (ID and proof of address) have been submitted, you must wait for your account to be verified. It usually only takes a few minutes.
Secure your account
Even if your registration is finalized and well-considered, we advise you to secure your account as soon as it is opened. Indeed, it is essential to protect your funds optimally. To do this, click the “Secure my account” tab.
Here you will have the possibility to activate two-factor authentication via Google Authenticator, a way to ensure that it is you who connects to the exchange. Once you have completed these steps, you can start investing and trading freely!
FAQ: All about Bitstamp
Is Bitstamp the best exchange?
Bitstamp is one of the reference exchanges in the world of cryptocurrencies. Present for more than 10 years, it is a solution considered solid by many investors.
Is Bitstamp a serious exchange?
Bitstamp is one of the pioneers of the crypto industry. The exchange has many arguments to testify to its solidity.
Is Bitstamp easy to use?
Bitstamp is an exchange that is suitable for many investor profiles. Indeed the latter has many advantages, especially for beginner investors.