Bitstamp is a centralized cryptocurrency exchange founded in 2013. It is registered in the country of Luxembourg. The Bitstamp exchange is available at links.bitstamp.net . In addition, information about the platform can be obtained from official social media accounts (e.g. Twitter Facebook ). The current Trust Score for this exchange is 10. In the last 24 hours, the trading volume reached 2,529 BTC.
Bitstamp is a cryptocurrency exchange based in Luxembourg. The platform allows trading with fiat currencies (USD, EUR, GBP) as well as dozens of different cryptocurrencies. The company’s operations are focused on the European market.
Key Information about Bitstamp
Bitstamp is one of the oldest cryptocurrency exchanges, as it was founded in 2011. The co-founder and CEO is Nejc Kodrič, who, together with Damijan Merlak, created Bitstamp to compete with Mt.Gox – the most popular cryptocurrency exchange at that time (which ultimately went bankrupt in 2014). Bitstamp’s main goal was to reach a wide range of users from around the world and provide them with security. Bitstamp is known for its focus on regulations and compliance. The platform is suitable for both beginners, who can rely on an intuitive website and application, as well as experienced traders looking for a reliable trading platform.
98% of funds on Bitstamp are stored in cold offline wallets.
The company undergoes an annual audit conducted by one of the most reputable British firms, such as KPMG, Deloitte, Ernst & Young, or PricewaterhouseCoopers.
The exchange is registered in the United Kingdom and Luxembourg, which provides a stable foundation based on these jurisdictions. Bitstamp has always aimed to be a highly regulated exchange. The platform has obtained a license issued by the Financial Supervisory Commission in Luxembourg, allowing it to operate legally in all European Union countries. The exchange also holds other licenses enabling it to serve markets in the United Kingdom and the United States.
Bitstamp employs a range of technological solutions to enhance security while using the platform. These include two-factor authentication, SSL encryption, and additional email confirmation for each transaction.
User verification is done through the Google Authenticator app, which generates a unique code. This code is required for logging into the account on the platform and approving transactions.
Users can check the full login history and transaction history with cryptocurrencies and FIAT currencies. It is also possible to whitelist IP addresses and wallets for conducting operations.
Bitstamp prioritizes security, so it does not focus on constantly expanding platform features like other exchanges. Stop orders and limit orders are available. Bitstamp also offers staking for ETH2 and ALGO.
Bitstamp supports trading pairs: BTC/USD, BTC/EUR, EUR/USD, ETH/USD, ETH/EUR, ETH/BTC, LTC/USD, LTC/EUR, LTC/BTC, BCH/USD, BCH/EUR, BCH/BTC, XRP/USD, XRP/EUR, XRP/BTC.
Available fiat currencies are: USD, EUR, and GBP.
We do not have a bonus for Bitstamp yet. Get a bonus on another exchange:
The Bitstamp Earn platform allows users to earn interest on their cryptocurrencies (including Ether and Algorand) at an annual percentage rate of several percent.
Interestingly, as one of the few, it supports the possibility of withdrawing from the exchange using gold. The exchange acquires the appropriate amount of gold, which corresponds to the value of the requested withdrawal, and then sends the gold to the address specified by the user.
The amount of transaction fees depends on the monthly turnover and account type. VIP users receive the most attractive conditions and favorable discounts. The standard maximum transaction fee is 0.5% of the value (maker and taker).
For detailed and up-to-date information on fees, it is best to check the exchange’s website at: bitstamp.net/fee-schedule/#cryptocurrencies
Deposit via regular SEPA transfer in EUR is free of charge.
Regular SEPA transfers in EUR incur a fee of 3 euros.
Users can receive attractive welcome bonuses for using referral links. Just follow a few simple steps:
For detailed information on current bonuses and promotional offers, it is best to check the exchange’s website.
To deposit funds into your Bitstamp account, you need to log in and select the “Deposit” button. Then choose your preferred payment method (possible methods include traditional bank transfer, debit or credit card, and deposits from other cryptocurrency wallets). In the following steps, simply follow the instructions on the screen, which include confirming the transaction and waiting for the balance to be credited.
To withdraw funds, select the “Withdrawal” tab, choose the withdrawal amount, and provide the account number or public code of the cryptocurrency wallet to which the funds should be sent.
BitStamp is highly regarded for its high security and serious approach to regulation. Bitstamp seems to be a platform that is geared towards experienced users and institutions who value a transparent approach to managing cryptocurrency assets.
The trading fees on the Bitstamp platform are typically 0.5% for regular trading pairs. Unlike other exchanges, it charges a fixed percentage fee regardless of the type of order (including instant purchases). The exchange also charges other fees, such as for SEPA transfers or international wire transfers. Details of all fees and commissions can be found on the Bitstamp website.
To start trading with small amounts, account verification is required on Bitstamp. To do this, you must attach a scanned copy of your ID card, passport, or driver’s license. In the case of an ID card or driver’s license, the user must scan both sides (front and back) of the document. Proof of residence in the country is also required for verification. To confirm your place of residence, you must send a bank statement, utility bill, or tax declaration or permit to stay in the specific location.
The exchange offers 24/7 phone and email support primarily in English. The platform also has an FAQ section that provides answers to the most important questions regarding the exchange’s operation. Bitstamp is also available on Twitter, Facebook, Instagram, and Linkedin.
Bitstamp offers a mobile application that provides unrestricted access to cryptocurrency trading. It is available for download on iOS and Android devices.
On Bitstamp, it is possible to buy cryptocurrencies using Mastercard, Visa, or Maestro bank cards.
To make a deposit in this way, you need to: 1) Go to the deposit page and select “Buy with card” from the sidebar menu. 2) Choose the cryptocurrency to be purchased. 3) Select the currency to be used for payment. 4) Specify the amount of currency to be purchased. 5) Enter the details of your debit/credit card. Confirm the purchase transaction.
No, the platform is not available in Polish and does not support the PLN currency. Users from Poland usually choose English as the language and the EUR currency.