Bitstamp Review

(Last Updated On: April 27, 2019)

Bitstamp is one of the oldest exchanges available and has been operational since 2011, with head offices in London and Luxembourg.

This exchange is significant for low rates and options for new traders and advanced traders, the exchange is old and has got a good reputation.

Currency Support

Bitstamp is capable of Euro and USD for fiat currency options with bank deposits as an option and avoiding fees for credit cards but however, credit cards deposit is also an option.

When it comes to Cryptocurrencies Bitstamp supports BTC, LTC, ETH and Ripple for trading.

Country Support

Bitstamp is available in most countries but is an advantage for European and UK traders as it has vast options for withdrawal and deposits and as compared to other countries they are cheaper for traders.

Security

Security is also another great option provided by Bitstamp as they have top industry level security mostly due to its reputation.

However, Bitstamp had suffered a Hack attack and stopped online trading in 2014 and 2015 but users were compensated and now Bitfinex has upgraded its security to the most top levels as it provides cold storage and 2fa authentication methods.

Fees

Deposit fees as are as low as 0.5% which is pretty low compared to other exchanges where it can be as high as 2 to 5%.

While market fees start from 0.25% and are as low as 0.10% which is the main reason Bitstamp is known for and as usual deposits and withdrawals in cryptocurrencies are free.

However, depositing via credit cards can be expensive as the fee can be as high as 8% so users are advised to choose alternative deposit methods.

https://www.bitstamp.net/fee_schedule/

Customer Support

Customer Support in online exchanges are both good and bad everywhere, Bitstamp has got email option where a user gets a reply within 24 hours and there is also a UK business phone number in case of emergencies.

However, there is a FAQ page where users can find pretty much every query and answers for beginners.

Conclusion

Bitstamp is old and high reputable exchange available today it is known for its low rates and high tier security, Bitstamp also provides vast deposits and withdrawal options and is suitable for both Intermediate and everyday traders.

Bitstamp is a fully trustworthy online exchange and mostly good online reviews are to be found regarding Bitstamp.

 

 


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