Bitstamp Exchange | Bitstamp Exchange Review | Bitstamap Login- Coinpedia

Overview

With the rise in the popularity of the cryptocurrencies, there are lots of crypto exchanges that have evolved in recent times. This often becomes challenging to choose and acquire the most suitable exchange for effective trading.

Bitstamp is one of the oldest and most popular cryptocurrency exchanges in operation today used by the traders all around the world.

In this article, we will provide you with the complete guide on the Bitstamp exchange. Let us look into detail in this Bitstamp exchange review now,

  • Overview
  • What is Bitstamp?
  • Bitstamp Features
  • Bitstamp Fees and Limits
  • Bitstamp Supported Currencies
  • Bitstamp Mobile App
  • How to register on Bitstamp?
  • How to recover the Bitstamp password?
  • How to deposit on Bitstamp?
  • How to withdraw on Bitstamp? 
  • How to buy cryptocurrencies on Bitstamp?
  • How to sell cryptocurrencies on Bitstamp?
  • Bitstamp Pros and Cons
  • Conclusion
  • Recent Updates
  • Bitstamp FAQs

What is Bitstamp?

Bitstamp is one of the oldest crypto exchanges established in the year 2011. It is based primarily in Luxembourg but has its offices in London and New York. The Bitstamp exchange was founded by Damijan Merlak and Nejc Kodrič.

Bitstamp is the first digital currency exchange platform to be fully licensed in Europe. The exchange is authorized and licensed by the Luxembourg Financial Industry Supervisory Commission (CSSF). This regulatory oversight gives users added protection when trading on the Bitstamp exchange.

Bitstamp Features

Bitstamp Fees and Limits

Bitstamp’s flat trading fee is 0.50%. These trading fees are double the industry average, which is generally around 0.25%. However, Bitstamp offers trading fee discounts when you have a large trading volume during the preceding 30 days.

Bitstamp charges 0.0005 BTC for withdrawing BTC. The deposit methods include both wire transfer and credit cards.

Bitstamp Supported Currencies

The Bitstamp exchange currently supports 6 cryptocurrencies which can be listed below:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin
  • Ripple
  • Paxos Standard

The fiat currencies supported by the Bitstamp exchange include:

  • US Dollars (USD)
  • Euro (EUR)

Bitstamp Mobile App

There is an iOS and Android Bitstamp app provided that helps users keep up to date with their accounts while they are on the move. The app also provides real-time charts and an array of analytical tools, and users can choose between a basic buy and sell interface or a more advanced Tradeview interface.


How to register on Bitstamp?

Navigate to the Official Website and then click “Register”option on the homepage

Enter your name, email address, and country of residence.

Tick the terms and conditions box and then click ‘Register’.

Now you will receive a “registration complete” email at the address you entered. Here you will also be provided with your unique client Id and password.

Then click on the Verification Option to complete the verification process

Now navigate to the Security option on the left-side panel and select Two-Factor Authentication.

How to recover the Bitstamp password?

On the login page, type in your registered email id and click on the “Forgot Password” option. Once you confirm that you wish to reset your password, you will receive an email with a link. Click on the link and you should be able to set a new password.

How to deposit on Bitstamp?

Navigate to the Deposit page through the top navigation screen

Now you will be asked to select the deposit method you would like to use from the left-hand navigation pane.

If you are not aware of the deposit methods to be used, choose the ‘Which method should I choose’ button to find out more details about each deposit option.

After you have decided on a deposit method, Enter the deposit address and the amount to deposit.

Then click “Deposit”. Follow the instructions to complete your deposit and obtain currency on the exchange

How to withdraw on Bitstamp? 

Navigate to the Withdrawal page through the top navigation screen

Now you will be asked to select the withdrawal method you would like to use from the left-hand navigation pane.

Enter the withdrawal address and the amount to withdraw

Then click “Withdraw”. Follow the instructions to complete your withdrawal and release currency from the exchange

How to buy cryptocurrencies on Bitstamp?

Navigate to the “Buy/Sell” page from the top navigation bar.

Here you have a few options for making a cryptocurrency purchase.

To make an instant order purchase, select the Buy option and note how much fiat currency you would like to spend on your purchase.

If the transaction information provided is correct then click the ‘Buy’ button at the bottom of the page to complete the transaction.

Transactions can be reviewed by navigating to the Transactions section on the left-hand side navigation panel.

How to sell cryptocurrencies on Bitstamp?

Navigate to the “Buy/Sell” page from the top navigation bar.

Here you have a few options for selling the cryptocurrencies

To make an instant order sale, select the Sell option.

If the transaction information provided is correct then click the ‘Sell’ button at the bottom of the page to complete the transaction.

Transactions can be reviewed by navigating to the Transactions section on the left-hand side navigation panel.

Bitstamp Pros and Cons

Pros

  • Advanced trading platform
  • It is a Regulated Exchange
  • High liquidity
  • Low Fees
  • Supports credit/debit cards transactions
  • Supports major fiat currencies

Cons

  • Weak Customer support
  • High minimum fees for fiat withdrawals
  • Long waiting period for account verification

Conclusion

Bitstamp is a reputable exchange platform that is recognized globally. The trading platform is well built and easy to use even for intermediate traders.

The fees they charge are more reasonable than other crypto exchanges. The exchange supports fiat currencies that is considered to be a major advantage for many people seeking to trade cryptocurrencies.

Recent Updates

  • On Sep 10, 2020, Bitstamp implemented a new cutting-edge matching engine from Nasdaq

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