Bitstamp Exchange Reviews, Guide, Fees (2022)

Celebrated in 2017 Bitstamp its sixth anniversary. During this short period, the stock exchange became one of the world's leading markets for the purchase and sale of Bitcoin. Bitstamp is often referred to as the "Big Four" bitcoin exchange. It is the first fully licensed bitumen exchange in the world. It is currently characterized by high liquidity and a global client base. Read the following Bitstamp reviews.

Bitstamp reviews

Bitstamp is a market in the European Union. It connects buyers and sellers of Bitcoin and other cryptocurrencies. As one of the most trusted exchanges, it enables traders to buy and sell Bitcoin safely. The Bitstamp exchange, together with other “Big Four” exchanges, determines the so-called CoinDesk Bitcoin Price Index (XBP). It is based on specific criteria. Currently, BPI represents four stock exchanges. These are Bitstamp, Coinbase, itBit, OKCoin.

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Cryptocurrency pairs available

Bitstamp allows its users to add funds through cryptocurrencies and FIAT currencies. For example, USD, EUR, GBP, and CHF. You can trade the following cryptocurrencies on the platform:

• Bitcoin (BTC / USD, BTC / EUR)
• Ripple (XRP / USD, XRP / EUR, XRP / BTC)
• Litecoin (LTC / USD, LTC / EUR, LTC / BTC)
• Ethereum (ETH / USD, ETH / EUR, ETH / BTC)

Bitstamp charges

Like other major exchanges, Bitstamp charges a trading fee. It depends on the trading history within 30 days. The more you trade, the more you save on fees. New accounts with the lowest volume of trades are subject to a trade fee of 0.25 %. The more you trade, the more the fee decreases. You can get up to 0.1 %. To qualify for this low rate, you'll need to have more than $ 20 million in trading volume in 30 days.

Withdrawals using debit cards, SEPA and international bank transfers are subject to a fee. You can find a complete breakdown of fees on the Exchange's website.

Deadlines for transfer of funds

Bank transfer for deposits takes about 2-5 days. SEPA transfer usually 1-3 business days. Cryptocurrency deposits depend on how long it takes for the network to confirm the blockchain transaction. The confirmation time is usually 1 hour.

For deposits, transfers in SEPA zones usually take 2-3 days. Users outside the SEPA zone wait about 5 days before receiving their funds.

Limits for transfers

Bitstamp sets a minimum trade amount of $ 5 for all trades. In the case of SEPA withdrawals, the minimum amount is set at $ 10.

Is Bitstamp safe?

The exchange is generally considered to be one of the safest platforms for buying and selling cryptocurrencies. Guidelines for two-factor verification and anti-money laundering increase the security of the stock exchange.

The company is also transparent in the collection and use of information. Verification of the account is related to the provision of a valid photo ID and proof of residence. These are standard steps for regulated bitcoin exchanges.

Customer support

Increased demand for information makes it difficult to respond quickly to customer support. Their response may take longer. You can contact the customer support team at any time. Log in to your account and issue a ticket asking for help. The FAQ tab should be able to provide answers to most of your questions.

Advantages and disadvantages

Next steps

Opening a Bitstamp account is quick, easy and free. To register, visit the homepage and enter "Open an account". After filling in the details and logging in, select the financing option. You will have two options to choose from. Bitcoin that you want to sell or FIAT currency that you want to use to buy Bitcoin.

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All content in this article is for informational purposes only and does not in any way serve as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.