I generally only use cryptocurrency exchanges that natively support bank transfers and withdrawals, as Bitstamp does. The highest fees are for traders who trade under 10k in a rolling 30-day period who will find fees of 0.5%, while institutions and whales who trade over 20 billion will have no fees. Even though the app is quite good and has great ratings, most traders, myself included, would not recommend using a mobile app as your primary trading tool. Bitstamp has become an exchange of choice for brokers, banks, fintech companies, hedge funds, prop traders, family offices, aggregators and more, thanks to their institutional offerings and deep liquidity. US-based and licensed exchanges can't legally offer many earn products as the SEC likes to “protect” people from achieving financial freedom, and have been being heavily criticized recently and accused of really only protecting the banks.

Cryptocurrencies Available on Bitstamp

• Bitstamp was created as an alternative to the once-dominant exchange Mt. Gox, which, as you may or may not know, has a tragic history that gave crypto one of its deepest shades of black eye in history.
• I would not hesitate to recommend Bitstamp to anyone who is looking for simplicity in an exchange.
• The fees on Bitstamp are also quite a bit higher than those found on many other exchanges, so there is some room for improvement there.

Whether through its intuitive web platform, crypto trading app or industry-leading APIs, Bitstamp by Robinhood is where crypto enters finance.Bitstamp USA, Inc. is licensed to engage in Virtual Currency Business Activity by the New York StateDepartment of Financial Services. With a proven track record, cutting-edge market infrastructure and dedication to personal customer service with a human touch, Bitstamp by Robinhood, a secure and reliable crypto exchange platform, is trusted by more than 5 million customers worldwide. This is simply due to the fact that Coinbase supports more assets, has some extra features such as their own non-custodial wallet integration and NFT marketplace.

Bitstamp Earn

The platform also undergoes regular audits by some of the largest accounting firms in the world. Bitstamp was created as an alternative to the once-dominant exchange Mt. Gox, which, as you may or may not know, has a tragic history that gave crypto one of its deepest shades of black eye in history. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. Providing financial education to those who need it most has always been a passion of mine. While this comes down to personal preference, and these two have more similarities than differences, it is of my opinion that Coinbase is the slightly better exchange.

There is a reason professional traders work from a desk with multiple screens, and why you don't see them trading while waiting in line at the grocery store from their phones. I found the app delivered exactly what it promises, a powerful trading exchange and seamless mobile experience. As one of the first cryptocurrency exchanges, Bitstamp knows better than anyone the ins and outs of the industry and has their finger on the crypto pulse. Crypto-as-a-Service (CaaS) provides companies access to the full functionality of the Bitstamp exchange, but on their own existing apps and platforms. Firms can offer their own crypto solutions on their platforms with Bitstamp running the back-end infrastructure.

Both Coinbase and Bitstamp appeal to the same customer base, providing a great service for institutions and beginner traders. Yes, Bitstamp is one of the first cryptocurrency exchanges, trusted by millions of users, and regulated in both the US and Europe. As the first crypto exchange in Europe, and one of the oldest exchanges around, it has truly become one of the most trusted and reputable exchanges in the world. Trust me, as I’ve personally experienced how access to quick support once saved my trading account when things started glitching and I had an open trade and had not had a chance to set a stop loss yet. Many exchanges only support crypto deposits and withdrawals, or deposits and purchases via third-party vendors.

If you are interested in learning how to trade, be sure to check out our article on How to Perform Technical Analysis, or if you prefer video format, Guy has put together a great three-part series where he teaches the craft. Bitstamp really is a no-frills exchange that takes things back to basics. So, what does Bitstamp offer that has allowed them to thrive for so long in this industry? After founding and running the company, eventually, both Damian and Nejc placed the company into the hands of a competent executive team that has many years of experience across various traditional financial, tech, and blockchain companies. On the first day, many moons ago, a wise person once said, “let there be Bitcoin,” and thus, Bitcoin was born and rose from the ashes of the 2008 financial crisis. With locations in the USA and Europe, Bitstamp is a highly trusted and reputal exchange within the industry.

• After an unfortunate hack way back in 2015, which saw the loss of $5 million, the platform has upped its game and now has a rock-solid, secure platform.
• Bitstamp provides its clients with transparency and customer protection thanks to its strong operation of fiduciary, security and compliance controls, which has helped the platform establish licenses in the US and EU.
• Trading on Bitstamp is easy, the intuitive interface, instant deposit options, and cash-out-to-bank account support makes the platform ideal for meeting the needs of traders with simple needs.
• The majors such as Bitcoin and Ethereum are supported, along with many other popular layer 1’s like Cardano and Avalanche, and of course, stablecoins such as USDT, USDC and more.
• Founded in 2011, it was the first crypto exchange in Europe and is nearly as old as Bitcoin itself.

KuCoin Info – Crypto Tracker

If you are on a search to find the perfect crypto exchange, be sure to check out our article where we break down and compare the Top Crypto Exchanges. Bitstamp is one of the best options for beginners, institutions, or pros looking to buy, trade, and sell crypto. If you have stumbled across this page searching for a good crypto exchange, you can’t really go wrong with Bitstamp.

Bitstamp KYC and Account Verification

As Binance is the #1 exchange in the world, Bitstamp is not better than Binance. I would not hesitate to recommend Bitstamp to anyone who is looking for simplicity in an exchange. Bitstamp’s greatest strength is its security and simplicity when it comes to buying and selling crypto. Despite no live chat support and the self-help section needing an overhaul, overall, I was quite impressed with Bitstamp support. Thanks, Bitstamp, for spreading the word on crypto and fighting the good fight. Bitstamp has a fantastic blog that is a great resource that teaches general crypto knowledge, market insights, and helps anyone looking to brush up on https://forex-review.net/bitstamp-review/ their crypto knowledge.

As one of the oldest and most respected cryptocurrency exchanges in the world, this platform is rock solid and has become a cornerstone for the crypto industry. It offers users the ability to trade the world’s major cryptocurrencies including Bitcoin, Ethereum and many more. Starting your crypto trading journey or already a pro trader? Bitstamp may be better suited for institutions and beginners not interested in comprehensive features and market offerings.

Bitstamp Institutional Solutions

Aside from the charting block itself, the trading interface is not customizable like some platforms. You can find a full list of supported assets on the Bitstamp Supported Assets page. And in full transparency, the 2015 hack wasn’t even a cause of weak platform security, a Bitstamp employee simply fell for a malicious link that was sent in an email. When signing up for an exchange, be sure to use the same name that is reflected on your bank account as any bank transfers must come from an account under the same name, and use a real email address as you will need to verify it. Unlike platforms such as Phemex or Bitget, KYC and account verification is mandatory right from the get-go on Bitstamp. Looking at the reviews, it appears most users agree with my findings with an average rating of 4.0/5-star review on Google Play, and an impressive 4.8/5-star review on the App Store.

Do NOT Open Account

Aside from the platform basics, the actual trading interface does offer some advanced trading tools and a professional-grade trading engine that ensures reliable order execution and constant uptime. After the collapse of the troubled exchange, Bitstamp went on to be one of the only remaining exchanges still standing from the early days of crypto. Bitstamp is a serious “OG” veteran in the crypto space and is held in high respect by both old school and new crypto traders alike. Founded in 2011, it was the first crypto exchange in Europe and is nearly as old as Bitcoin itself. On the third day, two wise men Damian Merlak and Nejc Kodrič said “let there be a crypto exchange in Europe,” and it was done, Bitstamp was born.

Swan Bitcoin: Buy & Save

Many fintech companies are integrating crypto into their platforms via Bitstamp integration, and banks are partnering with Bitstamp to provide their clients with crypto services as well. The Bitstamp Earn section is very underdeveloped compared to most exchanges and makes me wonder how they have dropped the ball so bad here. This may have something to do with the fact that Algorand staking rewards used to be paid out automatically, so maybe this was simply the easiest asset to offer staking on. At the moment, Bitstamp does not offer margin trading or derivatives, spot markets are the only option. Bitstamp’s matching engine is provided by Nasdaq, which was built to deliver optimal trading experiences for some of the largest financial firms in the world. TradingView has become the industry gold standard for charting platforms, and supports nearly every function and feature under the sun.

As crypto educators here at the Coin Bureau, we believe the key to mass adoption and safe crypto use is through education, and it is nice to see platforms that share our sentiment and support the broader crypto community. The worst time to find out that an exchange has 💩 support is once something is going wrong when you have an open trade going with live funds on the line. Many traders consider good support to be of minor importance, which is a big mistake in my opinion. Bitstamp charges trading fees dependent on the 30-day trading volume of the trader. I go into further detail on why this isn’t recommended in my Coinbase Review for you to check out before you try and become a pro trader simply from a mobile app.

The app is highly intuitive and user-friendly, it has the same functionality as the web platform, and the layout and design are straightforward and functional. Bitstamp has developed a powerful mobile app for IOS and Android for those who like to take their trading on the go. Players do not need a Bitstamp account to play, but if they win trading fee coupons, they will need to have a Bitstamp account to use them. The Bitstamp Crypto Pulse report covers why and how retail and institutional market participants are investing, what their concerns are, and many of the trends happening in crypto. Many crypto users, including myself, who may not even use Bitstamp, rely heavily on their Global Crypto Survey for their crypto knowledge and investment decisions. For companies who want to offer crypto to their customers, but have no idea where to start, Bitstamp has got you covered.

To sum up, Bitstamp is simply a powerful, reliable, safe, and easy-to-use exchange. Similarly, it is tough to beat Bitstamp for those who are only into buying, selling, and spot trading the major cryptocurrencies, they offer that flawlessly. The fees on Bitstamp are also quite a bit higher than those found on many other exchanges, so there is some room for improvement there. Adding these features to the platform could entice more customers and make the platform more usable for more than just buying and selling crypto. Bitstamp is a great, simple, and secure place to buy and sell cryptocurrencies for both institutions and retail customers.