Bitstamp : One of the leading cryptocurrency Exchange
Today we will be going to discuss one more cryptocurrency exchange platform universally known as Bitstamp. Damijan Merlak and Nejc Kodric founded Bitstamp in 201. Bitstamp is one of the most established cryptocurrency exchanges in the industry. this platform allows users to buy, sell and trade five different cryptocurrencies. Bitstamp is also hugely popular because they allow you to buy cryptocurrencies using fiat currencies such as USD and EUR.
If you are a cryptocurrency trader and willing to opening an account with Bitstamp for your cryptocurrency trading needs, then be sure to read our detailed guide first. In this article, we are going to discuss everything you need to know about Bitstamp, such as fees, security, accessible exchanges and more.
- Exchange Name : Bitstamps
- Launch Date : August, 2011
- Founder Name : Nejc Kodric
- Headquarter : London, Luxembourg, Slovenia.
- Services : Spot trading,
- Trading Pair : 14
- Fee Structure :
- P2P : No
- Fiat Deposit : USD, EUR
- Wallet : No
- Volume (24h) : $ 111,168,170
- Refer and Earn : No
- Fiat Facility : Yes (visa/master card , SEPA, Wire Transfer)
- API : Yes
- Native Cryptocurrency : N/A
Bitstamp Exchange Pros and Cons
Pros
- Moderate liquidity.
- User friendly.
- Customer support 24x7.
- USA regulated exchange.
- worldwide available.
Cons
- Fewer cryptocurrency pairs are available.
- Margin trading not available.
Conclusion
Although, Bitstamp is one of the most popular cryptocurrency exchanges in the industry, It is disappointing that Bitstamp only lists a total of 5 cryptocurrencies. This is really unusual, especially when one considers the fact that the platform has been operational since 2011. Also, it is very difficult to suggest for as the go-to platform for cryptocurrency coin trading.
The biggest positive aspect if the Bitstamp platform is they do allow you to deposit funds with a debit or credit card. However, their fees are really expensive and only certain countries have the option of using a payment card to deposit funds.
There are also questions towards the fund and coin security as Bitstamp has experienced of stealing 19,000 bitcoin in a very early phase of starting.
We as a Bitsshadow, an advanced automated cryptocurrency trading platform which provides a cryptocurrency trading with access to top 5 exchanges via API key.
