RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Bitstamp

Bitstamp Exchange Review

Centralized

Bitstamp is a Luxembourg-based cryptocurrency exchange or Bitcoin exchange that was founded in August 2011 by Nejc Kodrič and Damijan Merlak in Slovenia. Bitstamp’s registration was later moved to the UK (2013) and from there to Luxembourg (2016).

A review of Bitstamp exchange reveals that they serve the crypto space via no less than 14 active markets and trading pairs, both crypto-to-crypto and fiat-to-crypto trading pairs. They also seem to be the first to offer a Ripple Gateway via two XRP trading pairs, namely XRP/USD and XRP/BTC. Other digital assets or cryptocurrencies they offer include Ethereum, Litecoin and Bitcoin Cash.

Bitstamp seems to offer support for all major credit cards, makes use of volume-based pricing and subject themselves to a yearly audit. In terms of security, a Bitstamp review shows that they store the majority of cryptos or digital assets offline (98%). In addition, it seems that one of the leading Swiss online banks, Dukascopy, makes use of what Bitstamp has available when it comes to offering their clients bitcoin account funding. This while one of the leading institutional players, Swissquote, entrusts Bitstamp with their BTC requirements.

A Bitstamp mobile app seems to be available for download via the App Store and Google Play. The app allows users with mobile devices to have the full Bitstamp trading experience available at their fingertips.

In addition, a Bitstamp API is available that enables users to access and control their accounts by using custom written software. No more than 600 requests per 10 minutes are allowed.

  • 24h Trading Volume

    19090.276 BTC
  • Establish date

    2013
  • Headquater

    United Kingdom

Bitstamp Exchange Review

  • Bitstamp Withdraw

    BTC – Free

    ETH – Free

    LTC – Free

    Full list of fees can be found here

  • Bitstamp Fees Discount

    Lower fees for higher 30 day USD trading volumes.

    More information can be found here

  • Bitstamp Deposit fees

    Full list of fees can be found here: https://www.bitstamp.net/fee_schedule/
  • Bitstamp Trading fees

    0.1% – 0.25%

  • Fiat Deposit

    USDEUR
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    No
  • Download Clients

    • Download client
    • Download client

Bitstamp Exchange Score Analysis

Bitstamp is one of the veteran exchanges in the crypto space, having been founded as far back as 2011 and remained stable throughout the relentless crypto market. They also allow fiat-crypto trading, mainly catering to the european market, with EUR deposits and withdrawals, alongside spot trading against major cryptocurrencies such as Bitcoin and Ethereum. Bitstamp is very accessible and to-the-point in its design, displaying users with the necessary tools to perform desired actions without too much flashiness. However, upon reaching out to their support team, we did not receive an answer within a reasonable timeframe, a downside which might carry extreme consequences in a state of heavy market volatility. Aside from allowing fiat trading, Bitstamp does not display much advantage over some of its larger competitors, allowing trading only in major cryptocurrencies with a relatively small amount of listed coins and trading pairs – although this might be due to the fact that becoming a regulated exchange does not go hand-in-hand with listing as many random coins as possible. Bitstamp’s team is large, capable and reputable, having run the exchange successfully since its launch, and have also received a positive reinforcement via the exchange’s acquisition by belgian-korean conglomerate NXMH in October 2018. To conclude, Bitstamp has rightfully earned its solid place as a reputable fiat-crypto exchange, although this might be as far as its specialties go, and when a user experiences an issue which must involve contacting Bitstamp’s support to resolve – they might be left without an answer for a significant amount of time.