Bitstamp Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • Proprietary platform

Bitstamp Review 2024

Updated:
Updated: March 06, 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

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:

Start Trading with RoboForex
Your capital is at risk.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

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
🚀 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

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

2.33

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

5.40

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

5.18

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

5.34

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

5.70

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

5.92

/10

Geographic Distribution of Bitstamp Traders

Popularity in

24.8%
US
United States
7.2%
AR
Argentina
4.5%
IN
India
4.3%
AU
Australia
3.8%
CA
Canada
3.1%
CH
Switzerland
3.1%
CR
Costa Rica
3%
MO
Macao
2.4%
SA
Saudi Arabia
33.8%
Others
Others

User Satisfaction i

17 comments
Total score:
6.5 /10

Share your experience

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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.

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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.

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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!

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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.

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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.

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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.

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naicoo
2 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.

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.

Bitstamp Fees Review

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest Bitstamp News

06.03.2024
​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
​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
​Cryptocurrency exchange Bitstamp has announced that it is in talks to partner with three European banks, which will allow them to offer cryptocurrency
05.10.2023
​The XRP cryptocurrency is on the cusp of a new wave of bullishness amid Ripple Labs' success in a legal standoff with the U.S. Securities and Exchange
24.08.2023
Cryptocurrency exchange Bitstamp has informed its U.S. users that it will discontinue its staking service. The Ethereum staking service for the exchange's
10.08.2023
Cryptocurrency exchange Bitstamp intends to delist several major altcoins from its range of available assets in August due to a decision by the U.S.
08.08.2023
Cryptocurrency exchange Bitstamp plans to launch a derivatives trading platform in Europe in 2024, expand its geopolitical presence in Asia, and increase
11.07.2023
Crypto exchange Bitstamp and London-based Qi Digital have announced a new partnership that will enable businesses, banks, and payment processors to accept
14.06.2023
The UK's Financial Conduct Authority (FCA) has added cryptocurrency exchange Bitstamp to its list of registered companies.Bitstamp was added to the FCA's

Dynamics of Bitstamp’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

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.

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.

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

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 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
Logo Bitstamp
$0.5
$20
$0.1

Contacts

Foundation date 2011
Registration address 5 New Street Square London EC4A 3TW United Kingdom
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Bitstamp Review Bitstamp Review

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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.

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