Is Bitstamp a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Bitstamp is a good crypto exchange to start trading with. In this article you will learn whether Bitstamp is good for beginners, what its pros and cons are and what a novice trader needs to know.
Bitstamp's Top Features for Beginners
Bitstamp’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.
| Bitstamp | OKX | Kraken | |
|---|---|---|---|
| Demo account |
No |
Yes |
No |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| P2P exchange |
No |
Yes |
No |
| Spot maker fee | 0,3 | 0,08 | 0,25 |
| Fiat transactions |
Yes |
Yes |
Yes |
| Bank cards |
Yes |
Yes |
Yes |
| Commissions and fees | 5.2 | 9.25 | 6.2 |
| Educational tools |
Yes |
Yes |
Yes |
| Crypto bonuses |
Yes |
Yes |
Yes |
| Staking |
No |
Yes |
Yes |
| Copy trading |
No |
Yes |
Yes |
|
|
|
Why We Focused on Comparing These Beginner-Friendly Features:
Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.
Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.
P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.
Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.
Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.
Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.
Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.
Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.
Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.
Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.
Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.
Short summary about the broker 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.
| 💰 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 |
Bitstamp Pros and Cons
👍 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.
Trading Conditions for Bitstamp Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Bitstamp offers traders the following conditions.
| Minimum deposit, USD or USDT | 10 |
| Futures leverage | |
| Spot leverage | Yes |
| Coins Supported | 93 |
| Affiliate program | Yes |
| Replenishment / Withdrawal | Visa, Mastercard, Maestro, cryptocurrencies |
| Trading features | Gold investment program with the possibility of withdrawal to European banks |
Bitstamp's Fees
We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.
| Bitstamp | OKX | Kraken | |
|---|---|---|---|
| Spot Taker fee, % | 0,4 | 0,1 | 0,4 |
| Spot Maker fee, % | 0,3 | 0,08 | 0,25 |
| Futures Taker fee, % | Not supported | 0,05 | 0,05 |
| Futures Maker fee, % | Not supported | 0,02 | 0,02 |
| Withdrawal fee | 0,0005 BTC 0,005 ETH | 0,0004 BTC 2,6 USDT | 0,0005 BTC |
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Bitstamp commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
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 |
Investment programs of Bitstamp
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Bitstamp offers the following passive income options.
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 thedeal 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.
Conclusion. Is Bitstamp good for beginners?
The Bitstamp cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Bitstamp could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
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.