Bitstamp Review – Is Bitstamp Scam or a Legit Crypto Exchange?
Bitstamp Review
Bitcoin is one of the oldest and trusted online trading platforms available nowadays. It is a convenient option for every type of trader who wants to invest in cryptocurrencies such as Bitcoin, Ethereum and Solana, Ripple, and Cordano. In this Bitstamp review, you will be introduced to this cryptocurrency exchange and get to know about some of its most impressive features.
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Bitstamp is one of the oldest exchanges as it is serving traders since 2011. Its features are pretty useful and it is considered a safe option that provides high liquidity as well. The exchange is based in Luxembourg but its offices are established in London and New York as well. It is providing its services almost all over the world including the US and China.
The Trading Platform
Bitstamp offers two types of trading interfaces. If you like to keep it simple while trading then you have the buy and sell tab on this platform that is simplified enough to satisfy the beginner traders. But if you are a professional trader with previous experience as well then you should check out its Tradeview interface. In this interface, all the necessary details are shown on a single screen in the form of charts and graphs.
Like all other good trading platforms, Bitstamp exchange also provides its traders an option to use the platform on computers as well as on mobiles. It has developed mobile trading apps as well for Android and iOS devices.
Low Fees
The fee structure at the Bitstamp exchange is affordable as compared to other available options. You can deposit cryptocurrency free of cost but a minimal fee is charged for withdrawals. Interestingly, the fee is not the same for all cryptocurrencies for example the fee for BTC is 0.00005 while for XRP it is 0.02. When it comes to fiat currencies, the deposit fee is only 0.05 percent while the withdrawal fee is 0.1 percent.
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Bitstamp is an affordable option for traders and the minimum tradable amount at this platform is 25 dollars. If you want to trade high volume then you will be provided special discounts from the exchange.
Security Measures
Bitstamp uses a wide variety of measures to make sure that its traders remain safe. The platform encourages its users to turn on 2FA, which works in coordination with Google Authenticator. In addition to this, an email confirmation is made compulsory for all withdrawals. The exchange also uses the latest encryption technology for encrypting the files belonging to users.
As an additional security measure, the platform stores most of the cryptocurrencies in offline wallets so that no one can attack the assets. It also uses multi-signature wallets to ensure maximum security.
Deposit and Withdrawal Methods
The next feature of Bitstamp I am going to mention now is its deposit and withdrawal methods. You will be at liberty to choose any method from wire transfer, SEPA bank transfer, credit card, or cryptocurrency transactions. All these options have a different estimated time of execution and you can select any one of these that you like.
Client Support Service
The customer support service of Bitstamp is also very impressive and robust. You will be replied to by its representatives in less than 4 hours on average. You can use the email address as well as the telephone numbers that are mentioned on the platform. The team which is responsible for replying to the traders consists of specialists from different fields of life and they can manage every type of scenario very easily.
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Bottom Line
Bitstamp is a reliable trading platform that can cater to the needs of every type of trader. It offers the lowest fees and a wide range of available cryptocurrencies. If you are in search of a simple fiat-to-crypto exchange then your search ends here. Bitstamp is one of the best options for every trader that is why I recommend you to sign up with it.
