Bitstamp Fees Review - Is Bitstamp Cheaper than Coinbase?
Bitstamp Fees Explained
Due to Bitstamp's low trading fees, fee-conscious crypto investors will find it an excellent choice. Crypto traders can reap the benefits of their hard work by paying fewer fees. The trader's volume determines the size of the commission.
Bitstamp fees rank among the lowest for large cryptocurrency exchanges. Also, if you employ certain good practices and trade in particular ways, you can reduce trading fees. Traders on the platform will have to deal with the following commissions.
| Type of fee | Size |
|---|---|
Trading fee |
0.50% |
Instant buy and sell |
0.50% |
Fiat USD debit card deposit |
5% |
Crypto withdrawal |
Varies |
Bitstamp Fees vs Coinbase Fees
Bitstamp offers one of the lowest trading fees among cryptocurrency exchanges. The trading fees depend on the 30-day trading volume, a straightforward fee structure. Check out this comparison table below to see how much transaction costs you would pay on Bitstamp compared to Coinbase.
Bitstamp Fees vs Coinbase Fees
| Type of Fee | Bitstamp | Coinbase |
|---|---|---|
Spot trading |
0.50% or less |
0.5% |
Wire transfer |
$7.5 |
$10 - $25 |
Debit and credit purchases |
5% |
3.99% |
Bitstamp Trading Fees Explained
Bitstamp charges a flat rate for trading among the exchange benefits. Consequently, neither the makers nor the takers matter to the exchange.
An investor who prefers to pick up existing orders from the order book might find this an attractive trading fee model.
Since 1 August 2019, Bitcoin has charged a flat trading fee of 0.50%. In contrast, the trading fee is near twice the industry average, 0.25%.
However, for traders who have traded heavily during the last 30 days, Bitstamp offers discounts on trading fees. Traders who have transacted USD 10 billion or more during the preceding 30 days can reduce their trading fees to 0.00% (nothing).
Though it is unlikely that any traders will meet these criteria, if they do, then they will be able to trade for free. The following table details the trading fee discounts:
| Fee % | 30 days USD volume |
|---|---|
0.50% |
< $10,000 |
0.25% |
< $20,000 |
0.24% |
< $100,000 |
0.22% |
< $200,000 |
0.20% |
< $400,000 |
0.15% |
< $600,000 |
0.14% |
< $1,000,000 |
0.13% |
< $2,000,000 |
0.12% |
< $4,000,000 |
0.11% |
< $20,000,000 |
0.10% |
< $50,000,000 |
0.7% |
< $100,000,000 |
0.05% |
< $500,000,000 |
0.03% |
< $2,000,000,000 |
0.01% |
< $6,000,000,000 |
0.005% |
< $20,000,000,000 |
0.0% |
> $20,000,000,000 |
Crypto Trading Fees
About 45 cryptocurrencies are available on Bitstamp. It fits into the middle ground in terms of cryptocurrency apps and exchanges. Many cryptos are available here, and you won't be short of investment options. Deposits of cryptocurrency are free, but withdrawals are subject to fees based on the currency.
Bitstamp Vs Coinbase Trading Fees
Bitstamp's beginner exchange charges lower fees than Coinbase's. Bitstamp traders pay about the same as Coinbase Pro users.
The fee schedule at Bitstamp is based on the 30-day average of total transactions, with $10,000 or less incurring a fee of 0.50%. Transaction volume reduces costs.
Alternatively, Coinbase has a more complicated fee structure. A user pays either a flat fee or a variable fee, with a spread of approximately 0.5%. Most of the time, Coinbase users pay more than Bitstamp users.
However, on the Coinbase Pro platform, investors who trade $10,000 or less within 30 days pay a 0.50% transaction fee for every transaction.
Moreover, Coinbase users pay 3.99% versus 5% on Bitstamp if they use a credit or debit card. The most effective way to avoid fees is to use an ACH transaction, which both offer free.
Bitstamp Non-Trading Fees
Does Bitstamp Charge Withdrawal Fee?
Yes, Bitstamp charges a withdrawal fee for cryptocurrency withdrawals. Withdrawal fees are usually fixed and vary from crypto to crypto. If you withdraw BTC, you pay a small amount of BTC for the withdrawal. If you withdraw ETH, you pay ETH.
Bitstamp charges 0.0005 BTC per BTC-withdrawal, slightly below the global industry average (being 0.00057 BTC per BTC-withdrawal.
Does Bitstamp have a conversion fee?
Yes, Bitstamp charges a conversion fee. But it varies by currency.
Bitstamp vs. Coinbase – Non-trading Fees Comparison
Bitstamp and Coinbase are beginner exchanges, but they charge different non-trading fees. For SEPA transactions, Bitstamp does not charge for deposits and charges 3 EUR for withdrawals. On the other hand, Coinbase charges 0.15 EUR for deposits and withdrawals for SEPA transactions.
Bitstamp charges deposits at 0.05% or $7.50 minimum for wire transfers and withdrawals at 0.1% or $25 minimum. In contrast, Coinbase charges deposits and withdrawals at $10 and $25, respectively.
How to Reduce Bitstamp Trading Fees?
Trading crypto usually implies hefty fees, but these can be reduced. On Bitstamp, the best way to reduce trading fees is to trade daily. While you don't necessarily have to be a trader, doing so can save you money. By trading daily, you can reduce your fee to 0% if your trading volume is large enough.
Rebate and Discount Programs of the Traders Union for Bitstamp
Exchanges charge commission fees for trading assets, and rebates compensate for those fees.
Traders Unions offers a rebate service, so its members can get reimbursed for commissions on any completed transactions.
Traders Union members can register on the website, open accounts on cryptocurrency exchange websites using their referral link, and receive up to 100 percent of payments made to them via Traders Union.
Clients who open an account with a broker through Traders Union are entitled to the rebate on the Bitstamp exchange.
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Top 5 Bitstamp Reviews
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Comment
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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Comment
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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Comment
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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Comment
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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Comment
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.
FAQs
Which is better: Bitstamp or Coinbase?
Coinbase has the edge over Bitstamp and many other exchanges for cryptocurrency selection. There are more than 120 cryptocurrencies available through Coinbase. However, both exchanges are home to the most popular cryptocurrencies: Bitcoin, Ethereum (ETH), Cardano (ADA), and Tether (USDT).
How much are trading fees at Bitstamp?
Bitstamp charges 0.25% for any transaction made on its platform, whether buying or selling crypto. If you wish, you can get this down to 0.10%. However, most traders cannot meet the monthly minimum of $20 million.
Does Bitstamp have high fees?
When it comes to low trading fees, Bitstamp is a top cryptocurrency exchange. Bitstamp's highest fee is only 0.50% for transactions under $10,000 over 30 days. When you trade more significant amounts per month, the fees drop dramatically.
Can you transfer from Coinbase to Bitstamp?
Yes, you can transfer funds from Coinbase to Bitstamp. Follow these steps:
Retrieve your Bitcoin deposit address from your Bitstamp account.
To deposit Bitcoins, log into your Coinbase account and send the Bitcoins you retrieved from Bitstamp to the deposit address you set up.
Verify that it is the correct address. Once you send them, wait for a few hours for your transaction to process.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).