Bitstamp Review 2024

3.66/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $1
Trading platform:
  • Proprietary platform
Trading features
  • Gold investment program with the possibility of withdrawal to European banks
Updated:
3.66/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $1
Trading platform:
  • Proprietary platform
Trading features
  • Gold investment program with the possibility of withdrawal to European banks
flag
Bitstamp is available in United States
Check out the best Crypto exchanges

Our Evaluation of Bitstamp

3.66/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

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.

Advantages of trading with Bitstamp:
  • the possibility of investing cryptocurrencies in gold;
  • minimum deposit of 1 USD;
  • TradeView terminal.
Disadvantages of Bitstamp:
  • 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

Anton Kharitonov

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 Fees Review

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.

User Satisfaction

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
Sizegeneticscite
1 year ago

Good afternoon! 42 days have passed since the creation of the application for the withdrawal of money. Amount $520. Is this normal? I cut off the support, they just don't answer me.

Avatar
Avatar
Kennethor
1 year ago

Don't mess with this kitchen. They draw what they want. With a trend against, you will not close the deal until you catch the moose. Kitchen in the worst sense of the word.

Avatar
Avatar
snepps
2 years ago

Tools for detailed analysis, which are available in the author's Bitstamp terminal, allow you to trade without the help of third-party resources. The ability to open an order to use funds directly from a bank card makes trading much easier. In addition, an account can be opened not only in dollars but also in euros. Another advantage of the site is that the support service is available around the clock and seven days a week. I definitely recommend the Bitstamp exchange!

Avatar
Avatar
raufking
2 years ago

Bitstamp enjoys well-deserved popularity among professional traders due to its impeccable reputation in the cryptocurrency market. Licensed activities, storage of the bulk of customer funds in cold accounts, and secure access to the account using two-factor authentication make it possible for even skeptics not to worry about the safety of funds. Yes, Bitstamp fees are higher than other crypto exchanges, but sometimes you have to pay dearly for excellent quality and reliability.

Avatar
Avatar
dexfigg
2 years ago

I liked the convenient Bitstamp mobile app. Just buy and sell! Charts, order books, and other bells and whistles for the pros, which I do not use yet, do not interest me. For those who are especially advanced, there is an author's platform on the site and the traditional TradeView in a stationary version. For me, the most important thing in a trading terminal is the ease of use. In addition, the entrance to the account through the application is carried out with a fingerprint without entering a password. I haven't found any serious flaws in Bitstamp yet, so I trade here only.

Avatar
Avatar
sandeep3568
2 years ago

Bitstamp is an exchange for those who understand a lot about comfortable trading. Traditional instruments with high liquidity, all types of orders, and a functional authoring platform are offered by Bitstamp. The number of trading tools is limited, but the broker is focused on active traders, so there is still no point in trading numerous low-liquid pairs. Such assets need to be launched in the long term, but this strategy will not work at Bitstamp due to the high commission. For those who do not take my word for it, I recommend reading the information on the Bitstamp website. There you can even get acquainted with the terminal without registration.

Avatar
Avatar
naicoo
3 years ago

Bitstamp has a big plus for the prompt work of the support service. Not so long ago, I had an abnormal situation: one day there was a substantial amount on my deposit, and the next day there are only a few pennies on the balance even though I did not withdraw anything! Support responded to my claim within 5 minutes. As it turned out, I did not take into account that I had placed several pending orders, and in case they were executed, my funds were reserved. Therefore they were not displayed on the balance sheet. After this incident, I went to the site and studied the FAQs section. After such a puncture on my part, I recommend that everyone carefully study all the information posted on Bitstamp before contacting support.

Commissions and fees

Information
Experts at Traders Union have analyzed the fees of Bitstamp cryptocurrency exchange. The main parameter on which the size of the commission depends is the trader’s turnover. The more a crypto trader works, the fewer fees he pays. The maximum commission is 0.5% per trade if the trading volume is <10,000 USD. If a trader’s trading turnover exceeds 20,000,000,000 USD in 30 days, transactions in the company are carried out without commission. The minimum amount to open a transaction on Bitstamp is 20 USD or the equivalent in other currencies and cryptocurrencies. Also, the cryptocurrency exchange charges a fee for withdrawing funds. Detailed information on all commissions can be found on the exchange website.
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
Medium
$20
High
$0.1
Low

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.

Important!

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.

Latest Bitstamp News

06.03.2024
Mirjan Hipolito
Bitstamp receives approval for Singapore license
​Cryptocurrency exchange Bitstamp has announced that it has received In-Principle Approval from the Monetary Authority of Singapore (MAS) for a Major
11.10.2023
Glory Faleke
Bitstamp leaves Canada
​Cryptocurrency exchange Bitstamp has announced its decision to leave the digital asset market in Canada. The platform will cease all operations in the
10.10.2023
Glory Faleke
Bitstamp prepares partnership agreement with three European banks
​Cryptocurrency exchange Bitstamp has announced that it is in talks to partner with three European banks, which will allow them to offer cryptocurrency
Articles that may help you
10 Best Crypto Trading Bots for 2024 - Free and Paid
TOP 10 Cryptos to Watch in 2024
Which Сryptocurrencies to Buy Today for the Short Term
Best Сoins to Stake in 2024 - Traders Union
16 cryptos with the most potential to invest now
Which Crypto Network Is The Cheapest?
Best Crypto Alerts 2024
7 Best Coins Under 1 Cent
Best Cryptocurrency To Invest In 2024 – TU Analytics
Check out our reviews of other companies as well

Team that worked on the article