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Bitstamp Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
Bitstamp logo
3.56
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 emerges as a well-established and reputable cryptocurrency exchange that caters to a global user base. With its robust security protocols, straightforward fee structure, and a user-friendly platform suitable for various levels of traders, Bitstamp is a compelling choice for anyone interested in buying, selling, or trading digital assets.

Whether you’re new to the crypto space or an active trader, Bitstamp provides a secure and efficient platform to engage with the cryptocurrency 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 80+
Trading Fees 0% - 0.18%
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 the cryptocurrency trading arena. Established with the vision to provide a reliable gateway into the world of digital currencies, Bitstamp has grown to become a popular choice among crypto enthusiasts around the globe.

Bitstamp homepage

Bitstamp positions itself as a gateway to digital asset trading, consistently updating and refining its offerings to meet the evolving demands of the cryptocurrency market. This exchange has witnessed the ebb and flow of the crypto wave, adapting to technological advancements and shifting investor interests.

By doing so, Bitstamp has managed to sustain relevance and remain a preferred platform for a diverse range of investors seeking exposure to the digital economy.

About Bitstamp

Bitstamp, with its rich history dating back to 2011, stands as one of the longest-running crypto exchanges in operation today. Founded by Nejc Kodrič and Damijan Merlak in Slovenia, it has since expanded its operations, with offices now in a number of countries including the UK, Luxembourg, and the United States under Bitstamp USA.

This platform is renowned for its commitment to providing a seamless and secure trading environment for its customers.

Bitstamp features

The journey of Bitstamp has been shaped by various milestones and challenges characteristic of the burgeoning crypto industry. From humble beginnings to navigating through tumultuous events like the Mt.

Gox incident, which heightened the industry’s focus on security, Bitstamp’s resilience has been notable. Its expansion into different regions has also come with regulatory advancements, which have had a profound impact on its operations and the services it can offer to a growing international 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 80 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)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Polkadot (DOT)
  • TRON (TRX)
  • Chainlink (LINK)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Filecoin (FIL)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • NEAR Protocol (NEAR)
  • Immutable (IMX)
  • Stacks (STX)
  • UNUS SED LEO (LEO)
  • Aptos (APT)
  • Bittensor (TAO)

View all cryptocurrencies Bitstamp supports

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

Trading Experience

Bitstamp caters to both novice and experienced traders, offering a trading experience that combines simplicity with advanced features. The platform provides real-time charts, a depth chart, and a variety of order types such as instant purchases and stop-limit orders.

Bitstamp’s interface is designed to offer a balance between ease of use for beginner traders and advanced trading tools for more seasoned market participants.

At the heart of Bitstamp’s trading experience lies a commitment to making sure that the needs of traders are met with precision. From offering a range of cryptocurrencies to advanced trading tools, the platform ensures that traders have the resources they need to make informed decisions.

As crypto trading becomes more nuanced, with a wider range of digital assets available, the expectation for a trading experience that caters to this complexity is something Bitstamp strives to fulfil.

Bitstamp exchange marketing

Bitstamp Fees

Navigating through Bitstamp’s fee structure reveals a tiered system designed to accommodate traders with varying levels of activity. The fees are crafted to encourage higher trading volumes by offering more competitive rates for advanced traders and those executing large quantities of trades.

While specifics are not provided here, users will find the fee schedule transparent and in line with industry standards.

Understanding the intricacies of trading fees is crucial for traders at any level, and Bitstamp’s tiered fee structure aims to incentivise volume trading without penalising smaller-scale traders. The approach caters to a market that is increasingly sensitive to cost efficiencies, ensuring that traders can manage their investments effectively.

By remaining competitive, Bitstamp aligns itself with the expectations of users who place a high value on transparent and fair pricing.

Type Fee
Deposit Fee (Bank Transfer) 0% - 0.05%
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0% - 0.18%
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 compared to the industry average of 0.000075 BTC. So Bitstamp has a fee that is above the industry average by 566.67%.

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

30-Day Volume (USD) Maker Fee Taker Fee
< $1,000 0.00% 0.00%
<$10,000 0.30% 0.40%
< $100,000 0.20% 0.30%
< $500,000 0.10% 0.20%
< $1,500,000 0.08% 0.18%

Security - Is Bitstamp Safe?

Security at Bitstamp is taken very seriously, with a comprehensive range of measures in place to safeguard customer assets. This includes the use of cold storage for a majority of funds, robust multi-factor authentication protocols, and vigilance against external threats like phishing schemes.

Bitstamp adheres to strict regulatory standards and implements a rigorous verification process to ensure a secure trading environment for its users.

Bitstamp’s approach to security extends beyond the conventional to include proactive measures for anticipating and mitigating risks. For instance, the platform’s commitment to continuous monitoring and updating security practices in alignment with both technological advancements and emerging threats represents a critical layer in their defence strategy.

It’s not merely about having robust protocols in place; it’s about evolving as fast as the threats do.

Bitstamp Customer Support

Customer support at Bitstamp is known to be responsive and helpful. Customers can reach out via email or the platform’s support services for assistance with any queries or issues.

The support team is well-equipped to handle a wide range of customer needs, ensuring a smooth and reliable service.

A robust customer support framework is a keystone of any service-oriented business, especially in the fast-paced world of crypto trading. A reassurance that comes from knowing that help is at hand when needed can significantly enhance user experience.

Bitstamp’s customer-centric approach to support aims to provide peace of mind and navigational guidance, ensuring that all interactions contribute to building trust and long-term relationships with their 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

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3.27
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
359+

Trading Fees
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Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

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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
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Trading Fees
0.06% - 0.16%

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

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OKX logo

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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 delving into the various facets of Bitstamp, it is clear that this exchange holds its own within the competitive crypto market. With its robust security measures, user-friendly trading experience, and attentive customer support, Bitstamp stands as a solid choice for anyone looking to trade cryptocurrencies.

In an era where digital finance is no longer a novelty but a staple, the role of cryptocurrency exchanges in facilitating this transition is undeniable. General industry observations suggest a move towards more integrated services and an increased emphasis on compliance and security.

Such trends are likely to shape the future of platforms like Bitstamp, as they continue to be pivotal in offering access to digital assets and in 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: