deposit:
- $1
Trading platform:
- Proprietary platform
Bitstamp Review 2024
deposit:
- $1
Trading platform:
- Proprietary platform
- Gold investment program with the possibility of withdrawal to European banks
Summary of Bitstamp Crypto Exchange
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 ranks 66 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
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.
💰 Account currency: | EUR, USD, GBP, and cryptocurrencies |
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🚀 Minimum deposit: | 1 USD |
⚖️ Leverage: | 1:1 |
💱 Spread: | Market |
🔧 Instruments: | Cryptocurrencies, pairs fiat/crypto |
💹 Margin Call / Stop Out: | No |
👍 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.
Evaluation of the most influential parameters of Bitstamp
Geographic Distribution of Bitstamp Traders
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Expert Review of Bitstamp
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.
Latest Bitstamp News
Dynamics of Bitstamp’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
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.
Trading Conditions for Bitstamp Users
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.
$1
Minimum
deposit
1:1
Leverage
24/7
Support
💻 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 |
💱 Spread: | 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 |
Broker comparison table of trading instruments
Bitstamp | Bybit | MEXC | Binance | KuCoin | Bitvavo | |
Forex | Yes | No | No | Yes | No | No |
Metalls | No | No | No | No | No | No |
Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
CFD | No | No | No | No | No | No |
Indexes | No | No | No | No | No | No |
Stock | No | No | No | No | No | No |
ETF | No | No | No | No | No | No |
Options | No | No | No | No | No | No |
Bitstamp Commissions & Fees
Account type | Spread (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 |
Bitstamp | $0.5 | Medium |
Bybit | $20 | High |
Bitfinex | $0.1 | Low |
Contacts
Foundation date | 2011 |
Registration address | 5 New Street Square London EC4A 3TW United Kingdom |
Official site | bitstamp.net |
Contacts |
Email:
press@bitstamp.net support@bitstamp.net, Phone: +44 20 3868 9628 +1 800 712 5702 |
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FAQs
Do reviews by traders influence the Bitstamp rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Bitstamp you need to go to the broker's profile.
How to leave a review about Bitstamp on the Traders Union website?
To leave a review about Bitstamp, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Bitstamp on a non-Traders Union client?
Anyone can leave feedback about Bitstamp on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.