Bitstamp Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Gold investment program with the possibility of withdrawal to European banks
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Gold investment program with the possibility of withdrawal to European banks
Our Evaluation of Bitstamp
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bitstamp is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.66 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitstamp clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Bitstamp is one of the oldest cryptocurrency exchanges, and it is focused primarily on cryptocurrency trading. Traders from the European Union are the priority of the company.
Brief Look at Bitstamp
Bitstamp (bitstamp.net) is one of the oldest cryptocurrency exchanges. The company was founded in 2011 in Luxembourg. The exchange offices are located in Luxembourg, London, and New York. Bitstamp net is focused primarily on clients from the European Union. It provides cryptocurrency trading and exchange services. The company provides clients with TradeView software, detailed information, and analytics of the cryptocurrency markets. One of the features of the exchange is an attractive commission policy for clients with large trading volumes, and for some high-volume traders, there are no commissions at all.
- the possibility of investing cryptocurrencies in gold;
- minimum deposit of 1 USD;
- TradeView terminal.
- was hacked in 2015;
- complicated verification;
- cannot withdraw fiat funds to e-wallets;
- there are fees for withdrawing funds;
- leverage is only 1:1.
TU Expert Advice
Financial expert and analyst at Traders Union
Bitstamp cryptocurrency exchange has been operating since 2011. During its lifetime the company had a hacking incident with the theft of cryptocurrencies for 5 million USD in 2015. But since then, the company has improved its security, introduced complex verification procedures, and added two-factor authentication.
The company focuses on providing trading services with 25 types of cryptocurrencies. Here, clients can work with BTC, LTC, ETH, BCH, XRP, and other popular coins. There are cryptocurrency pairs with fiat currencies. Commissions in the company depend on the market volatility. The maximum size is 0.5% per trade (with a turnover of up to USD 10,000 in 30 days), but the higher the turnover, the lower the commission size down to 0% (with a turnover of USD 20,000,000,000 in 30 days).
Bitstamp primarily focuses on crypto traders dealing with the most popular currencies. They have the best conditions. The cryptocurrency exchange provides a trading terminal and TradeView software, which is constantly improved and updated.
Bitstamp Summary
💻 Trading platform: | Proprietary platform based on TradingView |
---|---|
📊 Accounts: | Personal, Corporate |
💰 Account currency: | EUR, USD, GBP, and cryptocurrencies |
💵 Replenishment / Withdrawal: | Visa, Mastercard, Maestro, cryptocurrencies |
🚀 Minimum deposit: | 1 USD |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | from 20 USD |
💱 Commission: | Market |
🔧 Instruments: | Cryptocurrencies, pairs fiat/crypto |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | No |
📋 Orders execution: | N/A |
⭐ Trading features: | Gold investment program with the possibility of withdrawal to European banks |
🎁 Contests and bonuses: | Unavailable |
Bitstamp offers customers a selection of 25 types of cryptocurrencies. The leverage is small, only 1:1. However, Bitstamp will delight clients with high trading volumes and favorable terms on commissions.
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Commissions and fees
Account type | Commission (minimum value) | Withdrawal commission |
---|---|---|
Individual | 0.5% | Yes |
Traders Union also made a comparative analysis of bitstamp.net’s fees with similar values to other cryptocurrency exchanges. A comparison has been made based on this analysis.
Broker | Average commission | Level |
---|---|---|
|
$0.5 | |
|
$20 | |
|
$0.1 |
Investment Options
The cryptocurrency exchange allows you to receive additional income through staking ETH 2.0, and blocking a certain number of coins, on which a percentage accrues. Staking profitability ranges from 2% to 20% per annum. The minimum amount that can be frozen for staking is 32 ETH.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bitstamp’s affiliate program
Bitstamp offers its clients an affiliate program. Traders can invite partners using a referral link, you can get it in the trading account of the cryptocurrency exchange. To receive a reward, your referral must register using the link, make a deposit on the account and conduct trading operations of at least 100 USD. For each user who fulfills the specified conditions, you will receive 20 USD. The money is immediately credited to a live account. Bitstamp does not have any bonus accounts. The maximum amount of remuneration for the referral program is 500 USD per year. The company has a list of countries from which you can invite referrals; the list includes 50 countries and territories.
User Satisfaction