Bitstamp Exchange Review
Bitstamp is a centralized exchange that occupies #13 on Guru InvestingExchange Tracker. Bitstamp has trading volume US$253,679,351 in the last 24 hours and US$78,166,111,148 in the last 7 days.
Bitstamp currently has 85 cryptocurrencies, 3 paper currencies and 185 markets (cryptocurrency trading pairs). The most popular trading pair on Bitstamp is Bitcoin/USD.
You can read the full expert review of Bitstamp here: Bitstamp Review.
Compare Bitstamp next to other exchanges here: Exchange comparison tool.
Bitstamp is a centralized cryptocurrency exchange (CEX) located in Luxembourg. Bitstamp spot market offers over 70 different assets for individual and institutional trading. It supports both crypto-crypto and crypto-fiat transactions. The service is available online and mobile devices.
Bitstamp cryptocurrency exchange is KYC compliant and requires clients to verify their identity. The platform is available in all EU countries. This is one of the few exchanges that has received New York State license. Additionally, it blocks access to the VPN from countries outside its service area.
Markets
Bitstamp cryptocurrency exchange supports two types of accounts: personal and corporate. Supported institutional traders include brokers, neobanks and hedge funds. The main service of the platform is the Bitstamp spot market. It does not provide margin trading or derivatives markets.
Over 160 Bitstamp trading pairs available. Due to local laws, some trading pairs and assets may be restricted by region. All Bitstamp cryptocurrency prices can be viewed in fiat currencies such as US Dollars, Euros and Australian Dollars.
Bitstamp exchange fees are based on producer-receiver model and grouped into 10 levels. The commission level is determined by Bitstamp’s 30-day trading volume in USD. At Level 1, volume is capped at $1,000 and neither makers nor takers have to pay any fees.
Level 2 required a 30-day Bitstamp volume of less than $10,000. In this case, the maker-taker fees are 0.30% and 0.40% respectively. At level 10, 30-day volume exceeds $1 billion. The taker fee is 0.05%, while the price of Bitstamp cryptocurrency for makers is listed without any fees.
EU-based cryptocurrency exchange Bitstamp supports free fiat deposits through the Single Euro Payments Area (SEPA). Customers wishing to withdraw funds via SEPA must pay a fee of 3 euros. Free ACH deposits and withdrawals are available for US customers.
Bitstamp cryptocurrency exchange supports other payment methods, including card purchases, Apple Pay, international transfers and other cryptocurrencies. Other Bitstamp exchange fees may vary depending on your payment method.
The platform provides up-to-date fiat currency exchange rates across all available markets to provide transparent and accurate price lists for Bitstamp cryptocurrencies. Exchange rates depend on market conditions.
other services
Bitstamp Earnings it is a platform betting platform. It allows users to stake their crypto assets and receive passive rewards. At the time of writing, there are two currencies that can be bet: Ethereum (ETH) and Algorant (ALGO).
Bitstamp does not charge any direct staking fees. However, clients must pay a 15% fee, which is later distributed into the overall reward pool. The rewarded price of Bitstamp cryptocurrency per stake is calculated as 4.19% per annum for Ethereum and 5% per annum for Algorant.
Developers can use Bitstamp API. This service gives them access to manage their accounts using special software. The WebSocket API enables real-time data streaming. Bitstamp also provides Cryptocurrency as a service for financial institutions.
About company
Bitstamp founded the cryptocurrency exchange Nejc Kodrić and Damian Merlak in Slovenia in 2011, which made him one of the oldest bitcoin exchanges. It was originally developed as a competitor to the then popular Mount Gox Bitcoin exchange.
In 2013 the company was registered in the UK. In 2016, the Bitstamp crypto exchange was moved to Luxembourg, where its current headquarters is located. In the same year it became the first licensed cryptocurrency exchange in Europe. In 2019, Bitstamp received permission to operate in New York State.
Bitstamp has experienced several malicious attacks that have impacted its service. In 2014, withdrawals were temporarily suspended because the cryptocurrency exchange platform Bitstamp suffered DDoS attacks. In January 2015, the company was hacked. During this attack, approximately 19,000 BTC were stolen.
In 2021, Bitstamp recorded significant growth in the US as its user base increased by 570% compared to 2020. Around the same time, it was recorded that Bitstamp’s average monthly trading volume worldwide was approximately $28 billion..
In March 2022, Bitstamp conducted its first study. The survey included more than 28,000 respondents, of which 23,000 were retail clients and 5,000 were institutional respondents. The survey was conducted to determine overall cryptocurrency trends and public perception.
In July 2022, cryptocurrency exchange Bitstamp announced plans to implement monthly inactivity fee for non-working users. Inactive users are those who have not traded, bet, withdrawn or deposited their assets during the year and have a balance below 200 euros.
Nejc Kodrić is the former CEO of Bitstamp. Until February 2022, he also served as a member of the company’s board of directors. He currently serves on the board of directors of Standard Custody & Trust Company, a digital asset custody services company.
Damian Merlak is the former CTO of Bitstamp. Before founding the company, he worked as a software developer on various projects. In 2018, he founded Tokens, a now-defunct European cryptocurrency exchange.
In 2022 Jean-Baptiste “JB” Graftier has been appointed Global CEO of Bitstamp. He initially joined the company in 2014 as Chief Compliance Officer and became CEO of Bitstamp Europe in 2021. He has over twenty years of experience in traditional and decentralized finance.
Bitstamp related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
