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Bitstamp Review
About the Exchange
Bitstamp is a cryptocurrency exchange platform founded in 2011 by Damijan Merlak and Neijc Kodric in Slovenia. This is another important figure from the industry, having plenty of experience in the field of crypto exchange. Like Coinmama, this is a company that focused on a limited number of popular cryptocurrencies and sells directly tokens to customers.
It’s without a doubt one of the best choices for people living in European countries due to its long track record and interesting services. Let’s see some of their features, so you can asses whether this is the right exchange to work with.
Bitstamp Services and Cryptocurrencies
Unlike the top cryptocurrency exchange platforms covering a huge number of cryptocurrencies, Bitstamp focused its activity on Bitcoin and a few other altcoins. Order types and tokens are limited, but we can’t say anything bad about the exchange services. Clients can choose between market, limit, stop, and instant market orders denominated in Euro or US dollars.
Speaking of cryptocurrencies supported, clients working with Bitstamp have access to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). On top of exchanging these cryptocurrencies, the company allows Bitcoin buying with a credit card, with a $1,500 daily limit and an 8% fee.
Fees Details and Payment Options
Clients located in Europe can benefit the most from the Bistamp services because the exchange accepts SEPA payments. Other payment methods accepted are wire transfers, cryptocurrency deposits in all the tokens supported. Lastly, Bitstamp accepts AstroPay payments.
The reputation of Bitstamp comes from the deposit, withdrawal, and trading fees, which are considered to be affordable. For clients who choose wire transfers for deposits, there’s a 0.05% fee. Deposits/withdrawals in BTC, LTC, and ETH are free of charge (excluding blockchain fees). Unfortunately, credit card deposits have a much higher fee, currently at 8%.
When it comes to trading fees, Bitstamp uses a variable structure, favoring clients trading bigger volumes. For a volume smaller than $20,000 in value, the trading fee is 0.25%. Clients who work with more than $20 million can benefit from a 0.10% trading fee.
Customer Service
Bistamp uses a ticketing system in order to be in touch with its clients. The reply time ranges between 24 and 72 hours. We are glad to mention that this is one of the few exchanges providing a customer service phone number. For basic information on their services, the FAQ page provides relevant information on some of the most important matters.
Geographical Restrictions
Based on the information available on its official website, Bitstamp provides exchange trading services for the 28 countries members of the EU. In addition, there’s a list of 50+ countries that have access to the Bistamp services, including the United States.
Conclusion
We did not find any aspect regarding Bitstamp suggesting this is a scam exchange. On the contrary, it is one of the few names that have a few years of experience in the field of cryptocurrency exchange. Bitstamp is a trusted exchange and you can use it without worries.
Bitstamp Review
Product Name: Bitstamp
Product Description: Bitstamp is a cryptocurrency exchange platform founded in 2011 by Damijan Merlak and Neijc Kodric in Slovenia. This is another important figure from the industry, having plenty of experience in the field of crypto exchange. Like Coinmama, this is a company that focused on a limited number of popular cryptocurrencies and sells directly tokens to customers.
Brand: Bitstamp
Offer price: 0.0
Currency: USD
Offer URL: https://www.bitstamp.net/
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Summary
We did not find any aspect regarding Bitstamp suggesting this is a scam exchange. On the contrary, it is one of the few names that have a few years of experience in the field of cryptocurrency exchange. Bitstamp is a trusted exchange and you can use it without worries.
