SEPA, Bank wire, Astropay, Crypto, Debit card, Credit card, eCheck
SEPA, Bank wire, Debit card, Credit card, Crypto, Gold
5 New Street Square, London EC4A 3TW
This first European Bitcoin exchange is based in Luxembourg. Bitstamp became sixth largest exchange and for the first six months of 2017 reached value of 12 million € in exchange processed transactions. It controls about 8,9% of the market. Bitstamp suspended its service after a hack during which less than 19,000 bitcoins were stolen in legendary January 2015 but it was reopened nearly a week later.
Bitstamp charges for additional services and operational fees (f.e. Decline cash withdraws (0,55€), monthly account fee (1,95€), dormancy fee (1,95€).
Date and place of establishment: 2011 Slovenia
Country of origin: Slovenia, since 2016 moved to Luxembourg
Verification: First of all you need to get your account successfully verified and you will need following::
Your high-quality pictures ( minimum resolution is 300 dpi)
Valid ID ( double page of your passport / both sides of nation ID card / both sides of international driving license; all document must be visible in the entirety)
Proof of residency ( paper document, not older than 3 months, addressed to your name and home address such as bank statement or home bill, tax return etc.)
All verification process takes more than 3 days.Once the verification process is done you will receive an email to inform you that your account is verified so you will be able to deposit funds
Bitstamp operates within a stringent legal framework enjoined by the European Union. It’s based in the United Kingdom and holds a vast portion of its coins in cold wallets to ward off hackers. Bitstamp processes payments through cryptocurrencies, bank transfers, and credit/debit cards.
Even without crunching the numbers, Binance is way ahead of Bitstamp with its whopping volumes from consistently sizable trades.
Bitstamp showcases an intuitive platform with a handful of exchange features paired with fresh data such as currency value, Live Trades, volume, and last price. The menu bar has profiles for accounts, transactions, orders’ status, redeem coupon, security, verify account, debit card, support, history, and change log. Bitstamp’s cryptocurrency offerings only include Bitcoin, XRP, and Litecoin with restricted exchange options.
Beginners may find the interface complicated while trying to sell and buy. However, a help page rich in detail makes navigation a breeze for newbies. You have to learn the ropes by engaging repetitively with the platform to fathom charts and esoteric trading data.
Bitstamp has complied with the legal framework of its place of domicile. It’s certified by the Registrar of Companies for England and Wales with a registered office in London. Unlike fly-by-night or non-registered exchanges, the company has endeared itself as a trustworthy market in the EU and yonder. Bitstamp has to adhere to strict English company and insolvency policy framework, as well as principles of corporate governance. December’s CryptoCompare review ranked Bitstamp as the third most stable market within the analysis aggregate pool of exchanges. It also attracted more than 360K visitors.
Although Bitstamp has garnered a terrific customer rating for the time it has been around, there are still some small issues that need attention. While for most customers, Bitstamp is their Go-to Crypto Exchange, others feel their service rating is declining.
Of late, it is not uncommon to come across complaints about Bitstamp. The main challenges revolve around: withdrawal issues, withholding of funds, long processing time for deposits and withdrawals, terminating users’ accounts, and at times, Support can be unhelpful. Even so, there are more positive reviews on Bitstamp than negative ones.
Bitstamp once suffered a security breach that involved a loss of $5M in 2015. After this phishing attack, Bistamp implemented an broad array of security technologies to shield user data privacy and prevent loss, hacking, misuse, distortion, or destruction. These measure include:
Just like Binance, you don’t get the anonymity privilege. Bitstamp collects tons of information from its website users. Bitstamp collects the following types of information:
Bitstamp has a beginner-friendly platform when it comes to your first deposit. For both deposits and withdraws it uses the following payment methods:
As for Bitstamp, it supports the following digital coins.
As for Bistamp, you can either create an individual/personal account or a corporate account. For A personal account, you have to verify your personal details before you can deposit funds, and start trading.
They will ask for information such as:
Bitstamp has not specified limits for deposits or withdrawals. Some customers have been getting limits of up $20k on debit card purchases. However, it is likely Bitstamp will ask you for KYC documents if you transfer huge amounts. How much are we talking about? I’m not sure -- it can over $50k, $100k -- somewhere along those lines.
Juxtaposing the two using available data, Binance is light years ahead of Bitstamp that misses out of the top ten global exchanges. Given that the EU contributes a negligible portion of the trading volume, we would expect Binance to blow its counterpart out of the water. Coingecko shows Bitstamp had an average daily volume of $27, 013, 755 on February 4th 2019 -- in 24 hours. Most of the trades are done in BTC/USD, ETC/USD and BTC/EUR pairs.
The Bitstamp mobile app keeps the crypto universe at your fingertips making trading convenient with up-to-the-minute information. The Android and iOS apps boast online platform features that add piquancy to the mobile world. Users can deposit or withdraw digital assets directly, complete payments using QR codes along with bitcoin addresses, reconfigure app with PIN code verification and access real-time insiders’ data.
The functionality pales in comparison with Binance’s app because it omits various features that make up the lifeblood of trading. The bot does not allow you to trail stop losses, copy trading, and autonomous mean-reversion exchanges. It has raised more eyebrows from users upset by limitations and annoying bugs. The app has 2.8 star ratings on Google Play.
Bitstamp has built a strong brand reputation with its innovative drive to enhance exchange features and crypto offerings. Bitstamp responds to any customer complaints directly with its support team. Unlike Binance’s ticketing system, you can send a message to firstname.lastname@example.org or call their Customer Care team at +44 20 3868 9628.
Unlike most Exchanges that are a mess when it comes to customer service, Bitstamp are trying to be ahead of the game. Not that the support service needs no improvements, but Bitstamp support has been praised for being quick, friendly, and professional.
Bitstamp has a designated FAQ covering plethora issues revolving around beginner queries and advanced user concerns. It packs a rich vein of information if you want to get blockchain technology down to a fine art. Moreover, Bitstamp’s help page incorporates articles directing users on how to verify a personal account, make a first deposit, PGP Key, and trade cryptocurrencies.
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