By Swen Keller
In the crypto world, Swen has consistently found success through his effective communication skills and the unique ability to navigate the details.
Overview of Bitstamp
Bitstamp is a Luxembourg-based crypto exchange founded in 2011, offering trading for 80+ cryptocurrencies with fiat pairs (USD, GBP, EUR). Known for competitive fees and advanced trading tools, it caters primarily to experienced traders.
Key Details
- Headquarters: Luxembourg
- Founded: 2011
- Platforms: Desktop, Mobile (iOS/Android)
- Supported Cryptos: Bitcoin, Ethereum, XRP, Solana, and more
- Fiat Options: USD, GBP, EUR
- Withdrawal Methods: Bank Transfer, Crypto
Bitstamp Review: Our Opinion
Pros:
✅ Low trading fees
✅ Advanced trading features (e.g., TradeView, OTC RFQ)
✅ Strong liquidity for major cryptos
Cons:
❌ Limited altcoin selection
❌ Past security breaches (2015 hack)
❌ High staking fees (15% on rewards)
Verdict: Ideal for fee-conscious advanced traders, but beginners may find alternatives more user-friendly.
Unique Features
1. Bitstamp Mobile App
- Instant crypto purchases via debit/credit cards, Apple Pay, or Google Pay.
- QR code scanner for easy transfers.
- Integrated TradeView charts for market analysis.
2. OTC RFQ Service
- For high-volume trades ($50k–$500k).
- Discreet execution with minimal market impact.
- Supports pairs like BTC/USD, ETH/EUR, and stablecoins.
3. TradeView Platform
- Advanced tools: Depth charts, order book analytics, and customizable indicators.
- Order types: Limit, stop, and conditional orders.
Fees & Payment Methods
Trading Fees (30-Day Volume Tiered)
| Volume (USD) | Maker Fee | Taker Fee |
|---------------------|-----------|-----------|
| < $1,000 | 0.00% | 0.00% |
| > $1,000 | 0.30% | 0.40% |
| > $10,000 | 0.20% | 0.30% |
(Fees decrease with higher volumes.)
Other Charges
- Card purchases: 4% fee.
- SEPA withdrawals: 3 EUR.
- Staking: 15% fee on rewards.
Payment Options:
- Bank transfer (ACH/SEPA)
- Credit/debit cards
- PayPal
Security Measures
- Cold storage: 95% funds offline (insured).
- Hot wallets: Multi-signature secured.
- 2FA & biometric login for accounts.
- ISO/IEC 27001 certified.
Supported Countries
Operates in 100+ countries, including:
- All EU states
- 48 U.S. states
- UK, Canada, Japan
How to Open an Account
- Download the Bitstamp app (iOS/Android).
- Verify email and submit ID (passport/driver’s license).
- Deposit funds via bank transfer or card.
Customer Support
- Email: [email protected]
- Help Center: FAQ and complaint resolution portal.
👉 Visit Bitstamp
FAQ
Q: Was Bitstamp ever hacked?
A: Yes, in 2015 (19,000 BTC stolen).
Q: Is Bitstamp trustworthy?
A: With 4M+ users and global licenses, it’s a established platform.
Q: Who should use Bitstamp?
A: Advanced traders prioritizing low fees and liquidity.
Final Thoughts
Bitstamp excels for experienced traders with its robust tools and competitive fees, but its limited altcoins and staking rewards may deter passive investors.
👉 Explore Bitstamp’s advanced features
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