Review of Bitstamp
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Bitstamp is a cryptocurrency exchange that only offers trading on a few top cryptocurrencies. One of its main selling points is as a place for advanced traders to use fiat currency to deposit and perform transactions. Its advanced web trading platform offers a plethora of analytical tools and charges fees based entirely on trading volume.
Pros & Cons
What can I do with Bitstamp?
On Bitstamp you can trade the top cryptocurrencies, most notably Bitcoin, Ethereum, and XRP. One of its notable features is that it accepts deposits in fiat currencies and lets you exchange those same currencies for crypto directly.
Formed in 2011 as a European focused alternative to traditional exchanges, it’s still based in Luxembourg even though it now welcomes customers from all over the world.
Bitstamp cryptocurrencies and trading options
Which cryptocurrencies can you trade on Bitstamp?
Bitstamp only offers the leading coins, such as Bitcoin and Ethereum, for a total of about 15 cryptos in total. These coins can be paired with each other or fiat currencies like GBP, EUR, or USD.
Major cryptos traded on Bitstamp
- Bitcoin Cash
- Stellar Lumens
- USD Coin
- OMG Network
- Paxos Standard
Bitstamp core currency pairs
- Bitcoin/US Dollar (BTC/USD)
- Bitcoin/Euro (BTC/EUR)
- Ethereum/US Dollar (ETH/USD)
- Ethereum/Euro (ETH/EUR)
- XRP/US Dollar (XRP/USD)
- Litecoin/US Dollar (LTC/USD)
- XRP/Euro (XRP/EUR)
- Bitcoin Cash/US Dollar (BCH/USD)
- Litecoin/Euro (LTC/EUR)
- Stellar Lumens/US Dollar (XLM/USD)
- Stellar Lumens/Euro (XLM/EUR)
- Bitcoin Cash/Euro (BCH/EUR)
- Bitcoin/Pound Sterling (BTC/GBP)
- Ethereum/Bitcoin (ETH/BTC)
- Stellar Lumens/Bitcoin (XLM/BTC)
- Bitcoin/USD Coin (BTC/USDC)
- Chainlink/US Dollar (LINK/USD)
- Ethereum/ USD Coin (ETH/USDC)
- XRP/Bitcoin (XRP/BTC)
- Chainlink/Euro (LINK/EUR)
All Bitstamp trading options
Bitstamp offers 10 crypto and some major fiat currency pairs. It does not offer any derivative or futures instruments on its exchange.
Can I trade with leverage on Bitstamp?
No, Bitstamp does not offer leveraged trading at the moment. However it has partnered with Silvergate Bank to allow pre-approved institutional clients to trade with margin funding collateralized by Bitcoin. The pilot program for this is currently underway and may be extended to other traders in the future.
What are the spreads?
Bitstamp does not offer any spreads (fixed or variable) nor does it make any money through them. All spreads on the exchange are a function of the liquidity of the markets and the exchange does not interfere or conduct market making activities. It simply matches available bids with offer orders.
Fees, limits, and payment options on Bitstamp
What are the deposit and withdrawal fees, limits, and speeds?
Bitstamp offers payment options in the leading fiat currencies but allows for crypto deposits in all the coins that are traded on the exchange.
The fees vary from completely free deposits in some currencies to both deposit and withdrawal fees for others. It also charges fees for non-standard processing as well as for currency conversion. No minimum or maximum limits are specified and any applicable restrictions shall be as per the payment provider.
1-2 business days
2-3 business days
2-3 business days
4-5 business days
|Faster Payments (UK)|
1 business day
1-2 business days
2-3 business days
0.05% (Min. $7.5 USD)
2-3 business days
0.1% (Min. $25)
4-5 business days
How much are Bitstamp’s fees and commissions?
Bitstamp charges fees for trading activities based on the volume generated over the last 30 days. The maximum fee is 0.5% per trade for trade volume under $10,000 USD and the lowest fee is $0 for volume of over $10,000,000 USD. There is no inactivity fee of any kind.
|Fee type||Fee amount||Commission|
Bitstamp trade sizes and limits
There is a minimum trade size based on the currency the trade is denominated with. No maximum limit is specified and this shall be dependent on liquidity.
|Product||Minimum trade||Maximum trade|
|All pairs except BTC and ETH||25 units||None|
|BTC denominated pairs||0.001 BTC||None|
|ETH denominated pairs||0.02 ETH||None|
Bitstamp trading platform
What devices can I use Bitstamp on?
Bitstamp has a web based platform called Tradeview as well as a mobile app for both Android and iOS based devices. It does not offer a desktop based platform at this time.
- Web browser
- Android mobile device
- iOS mobile device
Can I use Bitstamp in my country?
Bitstamp is available in over 100 countries, including all 26 European Union countries, Australia, and the United Kingdom. Select your country from the list below to see if it is available where you are.
Is Bitstamp available in my language?
Bitstamp is available in 8 languages, including English, Dutch, Italian and Polish. Select your language from the list below.
How easy is it to use Bitstamp?
Bitstamp is a straightforward exchange platform geared towards advanced crypto traders. It offers a limited selection of coins, so it is most suitable for those intending to deal with high volume in popular cryptocurrencies.
The web based platform is filled with advanced analytical tools, which can be overwhelming for first time users who are also new to trading. The mobile exchange app is a little simpler however with good ratings on the playstore/app store. The mobile app consists of complete functionality with registration, fund transfer and trading along with technical tools.
Bitstamp is an established cryptocurrency exchange, here are just some of its key features:
Direct buyer and seller connections
Bitstamp does not play the role of market maker. Instead it connects buyers and sellers directly with no interference from its part in trades. This ensures fair price discovery and preserves the integrity of the exchange.
Institutional grade security
Bitstamp is a registered and regulated exchange that stores most of its coins in offline cold storage systems with only a small amount needed for transactions kept in a hot wallet. It also offers a two factor authentication method to users as well as notifications for all proposed transactions.
Proprietary trading platform
Bitstamp offers a professional trading platform with high liquidity and constant uptime that is suitable even for larger institutional traders. Its mobile exchange app offers a similar level of functionality, while allowing deposits via major fiat currencies like USD, Euro, GBP as well as AUD, CAD and JPY.
Security and regulation
Is Bitstamp safe?
Bitstamp is one of the oldest cryptocurrency exchanges around and has built up a solid reputation for itself. It stores most of its coins in cold storage (offline) systems. It only holds a small portion of coins for its obligations in a hot connected wallet and has also implemented Multi-Sig technology for additional protection.
Am I and my Cryptocurrency protected?
Bitstamp offers quick deposit and withdrawal of coins to one’s wallet thus ensuring limited exposure to its own exchange. Additionally it offers two factor authentication for the account as well as various opt-in notification features for transactions.
As of October 2020, Bitstamp has also introduced an insurance policy that covers the theft and other losses of user funds held on its platform.
Is Bitstamp regulated?
Yes, Bitstamp is regulated by the Commission de Surveillance du Secteur Financier in Luxembourg.
Do I have to verify my account with Bitstamp?
Yes, verification of account is a must as Bitstamp is a regulated exchange. Verification is generally done for KYC (Know Your Customer) purposes as well as to comply with anti-money laundering regulations.
Documents required include high quality photos of:
- Current and valid identity document (international passport, national identity card, driver’s license)
- Proof of residency document (utility bill, bank account statement, government issued document)
Bitstamp does not make any educational resources available on their website. An FAQ section is available explaining the various cryptocurrencies available and the basic functionality of their platform and mobile app, but that is the extent of it.
Tools and charting
Bitstamp’s Tradeview web platform contains technical and analytical tools for both beginners and advanced traders. Various types of charts including candlesticks, bars, Heikin ashi as well as a large number of indicators are available across multiple timeframes. Market depth information pertaining to trades executed across the exchange is also made available.
Bitstamp has an extensive FAQ section covering the functionality of their entire exchange. In addition they have several telephone numbers as well as several email addresses where the support team can be reached. However, despite these options, there has been a bit of disappointment expressed with the response speed of Bitstamp amongst clients online.
Bitstamp is a sophisticated crypto exchange platform and mobile app. It enables instant logins on your mobile device with a fingerprint or even face scan and offers multiple order types, real-time charts, and a range of analytical tools to help traders better assess transactions.
Bitstamp is also insured against loss or theft of client funds by third-party Lloyd’s of London underwriters and also ensures that 98% of all its digital assets are stored offline and already protected by cover from cryptocurrency custodian BitGo.
One of the only areas in which Bitstamp comes up short is in the lack of any educational resources available on its site. Bitstamp also charges both deposit and withdrawal fees for credit/debit card transactions, which is uncommon among most exchanges and platforms we have reviewed. If transaction fees aren’t a deal breaker for you, Bitstamp has everything you need as far as crypto trading goes.
How to buy and sell cryptocurrency with Bitstamp
How to buy crypto on Bitstamp
- Open an account at Bitstamp.net
- Deposit funds into your Bitstamp account
- Choose your preferred trading pair on Tradeview or the mobile app
- Fill in the amount you wish to spend. Confirm your order info and click on “Buy”
How to sell crypto on Bitstamp
- Login to your account at Bitstamp
- Deposit the currency you wish to sell from your wallet.
- Navigate to the Tradeview platform, select the preferred currency (crypto or fiat) you wish to sell in and select the appropriate pair. For example, if you wish to sell Bitcoin and get the money in USD, select BTC/USD and click on sell
- Select the quantity, confirm your order details and click on “Sell”
Bitstamp is owned by NXMH, a Belgium based investment company who acquired the exchange in 2018.
It makes money from the fixed fees it charges for trading activities conducted via its exchange.
Taxation depends on your country of residence. There is no withholding tax as Bitstamp is not based in any country. Any tax to be paid will be on a personal basis only. It is advisable to check the tax regulations in your country to determine any tax applicable to you
Contact the support team at [email protected] and they will help close out your account.
No, short selling facilities are not available on the exchange.
Go to the Login tab on the homepage and click on the “Forgot Password?” link. An email will be sent to your registered email address to reset your password.
No, Bitstamp does not support PayPal payments at this time.
All open trades are processed in real time and will be visible in trade history. You can access them once you login into the platform again.
In the event that Bitstamp ceases operations altogether, it is insured against the loss or theft of client funds by several independent, third-party underwriters.
Yes, you can access your full history in the mobile app as well as via the Tradeview web platform.
Yes, Bitstamp accepts cryptocurrency payments in the 10 crypto coins it currently supports.
No, Bitstamp has no bonus offers right now.
Go into the main app, click BTC > Select and Receive > Receive > copy address. Use the address to send or receive crypto from Coinbase.
No, Bitstamp is regulated and thus requires account verification for KYC purposes.
No. Bitstamp does not offer an integrated wallet. It only offers exchange services.
Simply select withdrawal in the drop down menu once logged into your account. Enter the withdrawal address and the sum to be withdrawn and click “Withdraw”.
Yes in 2015, 19,000 BTC were apparently stolen from Bitstamp’s wallet. However it was not a system weakness, but rather an employee human error as a hacker had gained access to an employees’ credentials via phishing attacks. Systems were improved and the exchange has not been hacked since.
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