Bitstamp is a cryptocurrency exchange notable for starting in 2011, making it one of the first places to buy and exchange Bitcoin. It’s a good choice for beginner and casual cryptocurrency investors looking to buy and sell with competitive rates and an easy-to-use interface.
Bitstamp is an established exchange that’s well-suited for beginner investors
Founded in 2011, Bitstamp is one of the oldest cryptocurrency exchanges in operation. Today, it supports traders looking to buy and sell a list of 54 and counting cryptocurrencies with competitive trading fees. Users can choose to trade crypto with Bitstamp’s simple online trading platform, active trading platform, or mobile apps.
While cryptocurrency trading is risky and volatile, Bitstamp does an excellent job keeping customer accounts secure while providing a user-friendly cryptocurrency trading and investing experience.
You can deposit funds to your account via a Bank Transfer, or purchase cryptocurrency directly with a credit or debit card. U.S. customers can also use ACH to deposit funds to their accounts.
Tap on “Wallet” in the bottom bar.
Select choose a currency and select “Withdraw”.
Input the amount you want to withdraw and your bank account number and tap “Next”.
Review the information and confirm.
Bitstamp currently supports a growing list of cryptocurrencies for spot trading. You can also deposit and hold U.S. Dollars, British Pounds, and Euros. Here's a partial list of currencies available on the Bitstamp platform:
Traders can use Bitstamp through three different platforms: Bitstamp.net, Bitstamp Tradeview, and Bitstamp Mobile. Trading fees are the same on all platforms.
Trading page for Stellar Lumens at Bitstamp.
You can buy and sell on Bitstamp’s basic trading platform with instant, market, limit, and stop orders. You’re able to make a purchase from your Bitstamp balance or a connected card for an added fee. The central platform includes a basic chart, current buy and sell offers outstanding, and a simple purchase form.
More advanced traders will likely want to navigate to Tradeview, Bitstamp’s active trading platform with more advanced charting features, a live updated order book, depth chart, and quick trading forms. You get the same available order types on both the basic and Tradeview platforms.
Tradeview offers advanced charting tools and other features.
Bitstamp features mobile apps for Android and iOS devices available in the Google Play Store and App Store. Its apps include all of the features you get with the primary Bitstamp web-based trading experience for a pocket-sized trading experience.
In addition to buying and selling anywhere you have a secure internet connection, you can use the Bitstamp app to send and receive crypto to store in a Bitstamp account.
Trading fees at Bitstamp start at 0.50% for regular trades for all pairs. This straightforward pricing is on-par with top competitors’ pro platforms. Fees aren't the cheapest around but are certainly not the most expensive.
Fees decrease if you trade more than $10,000 in volume over the prior 30 day period. High-volume traders can see fees drop to as low as 0% on volumes of $20 billion per month or more. If you use Bitstamp for staking, it takes 15% of your earnings but doesn't charge any other fees. In addition to trading fees, you may run into these costs when funding and managing your account:
Any other fees mentioned Fees apply when withdrawing cryptocurrency to an external wallet.
Cryptocurrency transactions are one-way, so if your account is hacked or breached, your losses may not be recoverable. When using Bitstamp or any other cryptocurrency exchange, it’s important to use vigorous security practices, including a unique password and multi-factor authentication, ideally using a third-party authenticator app.
Bitstamp uses strong security practices and stores the bulk of client funds offline in cold storage. When signing up for a new account, the platform allows you to set up and use multi-factor authentication for added security. As with any other crypto exchange, it’s a good idea to use care when funding your Bitstamp account, withdrawing fiat currency or cryptocurrency, and handling any kind of account maintenance.
You can manage your Bitstamp account through a simple online dashboard that shows your portfolio contents, transaction history, current trading fee tier, and other account balances.
The cryptocurrency withdrawal form at Bitstamp.
Through the dashboard, you can easily deposit funds via bank account, credit, or debit card, or make cryptocurrency transfers and withdrawals. Note that Tradeview may have more limited account management features.
a) Opt-In Staking Approach
b) Opt-Out Staking Approach
There's not much of a learning curve to trading crypto on Bitstamp. It offers a straightforward platform where you can quickly learn how to buy and sell cryptocurrency. If you're new to crypto, Bitstamp is one of the more user-friendly exchanges.
In addition to its regular platform, Bitstamp also offers Tradeview, an active trading platform. This has more advanced charting features and trading forms.
One of the nice things about Bitstamp is that trading fees are the same whether you use its regular platform or Tradeview. Other major exchanges, such as Coinbase and Gemini, have lower trading fees on their advanced platforms. With Bitstamp, there's no difference in cost, so it's just a matter of which platform you prefer.
A quality mobile app is a big plus, as it allows you to check your portfolio and make trades when you're not at your computer. The Bitstamp app provides full trading functionality and has positive reviews on the App Store and Google Play.
Bitstamp lets you trade around 45 different cryptocurrencies. Although that's far from the most, this exchange has a good selection that includes many of the biggest coins as well as some smaller cryptos. If you're looking for the best places to buy Bitcoin and a few other cryptos that catch your eye, Bitstamp should have everything you need.
You won't find a longer-tenured crypto exchange than Bitstamp. Launched in 2011, it was one of the first crypto exchanges, and it has outlasted the competition to become the longest-running exchange. That stability is a nice selling point in a market where many exchanges don't last, or run into serious regulatory issues.
Get up to date with latest Bitstamp company news and product updates. Learn how to get started with crypto or get additional insights into the market here.
Bitstamp customer service is available by email 24/7, and you can get phone assistance 24/7 as well by calling 1-800-712-5702 (for U.S. customers). There’s also an extensive help section where you can read answers to common questions about opening and using a Bitstamp account.
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