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Bitstamp Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
Bitstamp logo
3.52
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Bitstamp

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Bitstamp stands out as an industry-renowned cryptocurrency exchange that serves a worldwide user base. Boasting robust security protocols, transparent fee structures and an intuitive platform suitable for all levels of traders – Bitstamp makes an appealing option for anyone interested in buying, selling, or trading digital assets.

No matter your experience level or interest in cryptocurrency trading, Bitstamp provides a secure and user-friendly environment to interact with the market.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Robust security features
  • Supports a variety of fiat and cryptocurrencies
  • User-friendly interface for beginners
  • Advanced trading options for experienced traders
  • Competitive fee structure

Cons

  • Limited selection of altcoins compared to some competitors
  • Can be complex for absolute beginners
  • Slower customer service response times reported by some users
  • Withdrawal fees on certain methods and currencies
  • No derivative or futures trading options available

Quick Summary

Headquarters Location International
Fiat Currencies Supported USD, GBP, EUR
Total Supported Cryptocurrencies 86+
Trading Fees 0.060%% - 0.160%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Paypal, Apple Pay, Google Pay
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Welcome to this comprehensive review of Bitstamp, one of the pioneering platforms in cryptocurrency trading. Established with a mission to provide reliable access to digital currencies worldwide, Bitstamp has quickly become a go-to choice among crypto enthusiasts from all over the globe.

Bitstamp homepage

Bitstamp serves as a hub for digital asset trading, constantly adapting its offerings to meet the shifting demands of the cryptocurrency market. Over time, Bitstamp has experienced the rise and fall of crypto trends as they adapt to technological advancements and shifting investor tastes.

Bitstamp has managed to remain relevant and remains an attractive platform for investors seeking exposure to the digital economy.

About Bitstamp

Bitstamp’s history dates back to 2011, making it one of the oldest cryptocurrency exchanges operating today. Established by Nejc Kodric and Damijan Merlak in Slovenia, Bitstamp has since expanded with offices located in several other countries such as UK, Luxembourg and the US through Bitstamp USA.

This platform is widely renowned for providing its customers with a safe and seamless trading environment.

Bitstamp features

Bitstamp’s journey has been marked by various milestones and challenges characteristic of the cryptocurrency industry, from humble beginnings to weathering storms such as Mt. Gox.

Bitstamp has demonstrated remarkable resilience since the Mt Gox incident heightened industry-wide focus on security. Their expansion across different regions also coincided with regulatory advances that had an immediate impact on their operations and services to offer to an ever-increasing global customer base.

Bitstamp has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram and YouTube.

Bitstamp has a mobile app on both the Apple App Store and Google Play.

Bitstamp Supported Cryptocurrencies

Bitstamp supports trading on over 86 cryptocurrencies on their platform. This exchange currently supports 19 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Toncoin (TON)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • TRON (TRX)
  • Polygon (MATIC)
  • Internet Computer (ICP)
  • NEAR Protocol (NEAR)
  • Uniswap (UNI)
  • Aptos (APT)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Stacks (STX)
  • Cosmos (ATOM)
  • Filecoin (FIL)
  • Ethereum Classic (ETC)
  • Arbitrum (ARB)
  • Immutable (IMX)

View all cryptocurrencies Bitstamp supports

  • 1INCH
  • AAVE
  • ADA
  • ALGO
  • ALPHA
  • AMP
  • ANT
  • APE
  • AUDIO
  • AVAX
  • AXS
  • BAND
  • BAT
  • BCH
  • BLUR
  • BTC
  • CHZ
  • COMP
  • CRV
  • CSPR
  • CTSI
  • CVX
  • DAI
  • DGLD
  • DOGE
  • DOT
  • DYDX
  • ENJ
  • ENS
  • ETH
  • ETH2
  • EURCV
  • EUROC
  • EURT
  • FET
  • FLR
  • FTM
  • GALA
  • GODS
  • GRT
  • GUSD
  • HBAR
  • IMX
  • INJ
  • KNC
  • LDO
  • LINK
  • LMWR
  • LRC
  • LTC
  • MANA
  • MATIC
  • MKR
  • MPL
  • NEAR
  • NEXO
  • PAX
  • PEPE
  • PERP
  • PYUSD
  • RAD
  • RLY
  • RNDR
  • SAND
  • SGB
  • SHIB
  • SKL
  • SLP
  • SNX
  • SOL
  • STORJ
  • SUI
  • SUSHI
  • TRAC
  • UMA
  • UNI
  • USDC
  • USDT
  • VEGA
  • VEXT
  • WBTC
  • WECAN
  • XLM
  • XRP
  • YFI
  • ZRX

Trading Experience

Bitstamp provides both novice and seasoned traders with an enjoyable trading experience that balances simplicity with advanced features. The platform provides real-time charts, depth charts and various order types such as instant purchases and stop-limit orders – providing users with everything they need for trading cryptocurrencies on Bitstamp.

Bitstamp’s interface has been carefully created to meet both novice traders’ needs as well as advanced trading tools for experienced market participants.

Bitstamp takes great pride in meeting the needs of its traders accurately, from providing access to various cryptocurrencies to advanced trading tools – providing all they need for informed decisions.

As crypto trading has evolved and more digital assets become available for trading, Bitstamp strives to meet this complex trading experience with ease and efficiency.

Bitstamp exchange marketing

Bitstamp Fees

Bitstamp has created its fee structure with traders of different levels of activity in mind. By offering more competitive rates to advanced traders who execute many trades at once, Bitstamp hopes to encourage higher trading volumes overall.

As details aren’t given here, users will find the fee schedule to be straightforward and in accordance with industry standards.

Understanding trading fees is of utmost importance for traders of any level, and Bitstamp’s tiered fee structure aims to incentivise volume trading without penalising smaller-scale traders. This approach caters to an ever-increasingly cost-conscious market while helping traders manage their investments effectively.

By remaining cost-competitive, Bitstamp meets user expectations regarding transparent and fair pricing practices.

Type Fee
Deposit Fee (Bank Transfer) 0% - 0.05%
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0.060%% - 0.160%
Withdrawal Fee (Bank Transfer) 0% - €3 EUR

Bitstamp supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC. The average across all other exchanges that we've reviewed is 0.000463 BTC. This means Bitstamp charges above the industry average by 7.97%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.

Bitstamp has a maker/taker fee schedule which you can see below.

30 days USD volume Standard Maker fee % Standard Taker fee % FX Maker fee % FX Taker fee %
< $10,000 0.300% 0.400% 0.060% 0.080%
> $10,000 0.200% 0.300% 0.040% 0.060%
> $100,000 0.100% 0.200% 0.020% 0.040%
> $500,000 0.080% 0.180% 0.016% 0.036%
> $1,500,000 0.060% 0.160% 0.012% 0.032%
> $5,000,000 0.030% 0.120% 0.006% 0.024%
> $20,000,000 0.020% 0.10% 0.004% 0.02%
> $50,000,000 0.010% 0.080% 0.002% 0.016%
> $100,000,000 0.000% 0.060% 0.000% 0.012%
> $250,000,000 0.000% 0.050% 0.000% 0.010%
> $1,000,000,000 0.000% 0.030% 0.000% 0.006%

Security - Is Bitstamp Safe?

Bitstamp takes customer security very seriously, with an array of measures in place to safeguard customer assets – this includes cold storage for most funds, robust multi-factor authentication protocols and vigilantly protecting against external threats such as phishing schemes.

Bitstamp adheres to stringent regulatory standards and employs an intensive verification process in order to provide its users with a secure trading environment.

Bitstamp goes beyond conventional security practices to offer proactive measures that anticipate and mitigate risk. Their commitment to regularly monitor and update security practices aligned with technological advancements and emerging threats is an integral component of their defense strategy.

Implementing robust protocols is only half of the equation; adapting as rapidly as threats emerge is also key.

Bitstamp Customer Support

Bitstamp customer support is well known for being quick, helpful and responsive – customers can contact the platform either through email or its support services should any issues or queries arise.

Our support team is well-equipped to address a wide variety of customer requirements, providing reliable service that runs smooth.

Customer support is the cornerstone of any service-oriented business and crypto trading is no exception. Knowing there will always be help on hand can transform user experiences significantly.

Bitstamp takes pride in offering customer-driven support that offers peace of mind and navigational guidance, building long-term relationships through every interaction with users.

Bitstamp support

Bitstamp Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Bitstamp

  1. Create Account - Visit the Bitstamp website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay

Bitstamp Alternatives

Binance logo

Binance

3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
386+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

Kraken

3.67
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
233+

Trading Fees
0.06% - 0.16%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
OKX logo

OKX

3.75
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
332+

Trading Fees
0.06% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

After considering all aspects of Bitstamp, it becomes evident that it stands its ground within the competitive crypto market. Boasting stringent security measures, user-friendly trading experience and attentive customer support services, Bitstamp makes for an excellent cryptocurrency trading option.

As digital finance becomes a mainstream tool, cryptocurrency exchanges play an instrumental role in helping this transition happen. Industry observations point towards more integrated services with an increased emphasis on compliance and security.

Such trends will likely shape the future of platforms like Bitstamp, as they remain essential in providing access to digital assets and innovating the financial landscape.

Bitstamp FAQs

Yes, Bitstamp does operate in Australia, allowing Australian users to access its platform for cryptocurrency transactions.

The withdrawal time from Bitstamp can vary. Crypto withdrawals are usually processed within a few minutes to an hour, while fiat withdrawals to a bank account may take 2-5 business days, depending on the bank and withdrawal method.

To withdraw money from Bitstamp to your bank account, log in to your Bitstamp account, navigate to the withdrawal section, select the option for a bank withdrawal, enter the amount, and provide your bank account details. Follow the on-screen instructions to complete the process.

The minimum deposit for Bitstamp varies depending on the currency and deposit method. It’s best to check Bitstamp’s website or contact their support for the most up-to-date information on minimum deposit amounts.

Bitstamp is one of the longest-standing cryptocurrency exchanges, with a reputation for providing a secure platform for trading digital assets. It’s generally well-regarded in the community for its regulatory compliance and security measures.

If you’re interested in seeing how Bitstamp stacks up against other crypto exchanges, view this article comparing Kraken vs Bitstamp.

Yes, you can cash out on Bitstamp by selling your cryptocurrencies for fiat currency and withdrawing the funds to your linked bank account.

Yes, you can withdraw money from Bitstamp. You can either withdraw cryptocurrencies to an external wallet or withdraw fiat currency to a bank account after selling your cryptocurrencies on the platform.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: