Bitstamp Review 2024

Bitstamp is a centralized cryptocurrency exchange founded in 2011. Its country of registration – Luxembourg. On 9 April 2024 the number of trading pairs available for trading: 189. Bitstamp last 24-hour trading volume is $267,405,828. It changes to +119.37% compared to the previous 24-hour period. BTC/USD is the most popular trading pair, its trading volume is $157,831,669 in the last 24 hours. The exchange has 10 of 10 possible reliability scores and provides clients with access to fiat currencies.
Volume (24h)
$267,405,828+119.37% ↑
Pairs
189
Rating
10 / 10
Country of registration
Luxembourg
Fiat
TOP 10 pairs by volume
Pair
Price
24h Volume
Spread
Price change in 24h
Pair
BTC/USD
Price
$70,623.00
24h Volume
$157,831,669
Spread
+0.05%
Price change in 24h
+$565.00 ↑ / +0.81%
Pair
ETH/USD
Price
$3,645.90
24h Volume
$32,740,941
Spread
+0.08%
Price change in 24h
+$209.05 ↑ / +6.08%
Pair
XRP/EUR
Price
$0.6129
24h Volume
$24,460,384
Spread
+0.08%
Price change in 24h
+$0.012069 ↑ / +2.01%
Pair
BTC/EUR
Price
$70,623.00
24h Volume
$24,188,151
Spread
+0.07%
Price change in 24h
+$565.00 ↑ / +0.81%
Pair
USDT/USD
Price
$1.000
24h Volume
$17,627,637
Spread
+0.01%
Price change in 24h
$0 ↑ / 0.00%
Pair
XRP/USD
Price
$0.6129
24h Volume
$12,641,618
Spread
+0.08%
Price change in 24h
+$0.012069 ↑ / +2.01%
Pair
ETH/EUR
Price
$3,645.90
24h Volume
$10,943,202
Spread
+0.09%
Price change in 24h
+$209.05 ↑ / +6.08%
Pair
USDT/EUR
Price
$1.000
24h Volume
$10,440,592
Spread
+0.05%
Price change in 24h
$0 ↑ / 0.00%
Pair
SOL/USD
Price
$176.36
24h Volume
$6,056,312
Spread
Price change in 24h
-1.110 $ ↓ / -0.63%
Pair
BTC/GBP
Price
$70,623.00
24h Volume
$3,746,001
Spread
+0.07%
Price change in 24h
+$565.00 ↑ / +0.81%

    Bitstamp is international cryptocurrency exchange founded in 2011, headquartered in Luxembourg. It offers a wide range of digital currencies for spot trading, including Bitcoin, Ethereum, Litecoin, etc. In addition, the Bitstamp exchange supports fiat currencies: the platform has fiat pairs, and you can also make deposits in EUR, USD and other national currencies.

    Read also: Best crypto exchanges.

    The exchange serves clients from around the world, including the USA and European countries, and has 50+ licenses. One of the features of the platform are services for both individual and institutional traders. Bitstamp exchange has a good reputation for its strict compliance with KYC and AML norms and verified reserves.

    In this new review, I will talk about the features of the Bitstamp crypto exchange: is Bitstamp legit, what you need for registration, and trading and withdrawal processes.

    What is BingX and how does it work?

    To start working with exchange, you need to create an account. Follow the instructions:

    1. Go to to the exchange website and click Get started in the upper right corner;
      Bitstamp cryptocurrency exchange
      Registration
    2. Fill out registration form by entering your first name, last name, date of birth and email address. Click Continue;
      Registration data
      Registration data
    3. Specify your country of residence and agree to the terms of use of the platform. Click Continue;
      User's place of residence
      User’s country of residence
    4. Go to the email specified in the registration form and find email from Bitstamp, confirming registration;
    5. Click Log in in email text and authorize by entering your email address and password;
    6. To complete registration, enter phone number;
      Enter phone number
      Enter phone number
    7. Enter the four-digit code sent to the phone number;
      Verification code
      Verification code
    8. Registration on Bitstamp has been successfully completed.

    Bitstamp sing up and verification

    Bitstamp strictly complies with regulatory requirements, so KYC verification is mandatory for all platform users.

    To verify your identity, you will need to provide data about your country of residence and the origin of your funds. To start checking:

    1. Specify your address of residence, as well as your country and city of birth. Click Continue;
      Data on place of residence and birth
      Data about country of residence and birth
    2. Fill in information about your financial situation: type of activity, approximate annual income, source of financial resources and tax jurisdiction. You will also need to enter information about the purposes of using the Bitstamp platform;
      Data about the user’s financial condition
      User’s financial status data
    3. You will be redirected to your personal account, where you can continue the verification process. Find the Get verified section and click Start now;
      Start of verification
      Start verification
    4. Send a document that confirms that you live at previously specified address (bank statement, utility billor any official government document);
      Residence address verification
      Checking residential address
    5. Provide proof of identity (passport, ID, driver’s license);
    6. Complete the verification procedure by completing a video verification using your mobile device.

    Account security

    Bitstamp provides various tools to protect user’s assets. Let’s take a look at the available methods in the Settings section.

    Enabling two-factor authentication is a prerequisite for starting to use the exchange. Accordingly, the system will immediately prompt you to activate this function. Follow the instructions to enable 2FA:

    1. Find the line Two-Factor authenticator in Settings section on the left side of interface, and click Set up 2FA;
      Connecting two-factor authentication
      Enabling two-factor authentication
    2. Click on Secure my account in a new window;
      Account protection
      Account protection
    3. Install Google Authenticator mobile app on your smartphone. Click Continue;
      Downloading the Google Authenticator application
      Downloading Google Authenticator app
    4. Launch the application and click on the “+” symbol at the bottom right of the screen, then select Scan QR code;
    5. Scan the QR code provided by the system and continue the process by clicking Continue;
      Scanning a QR code
      Scanning a QR code
    6. Enter the six-digit code generated by the application;
      2FA Activation
      2FA activation
    7. Click on Enable extra security to activate two-factor authentication.

    The account is created. What’s next?

    After completing registration and verification, as well as connecting 2FA, we proceed to replenishing the account. You can deposit funds to Bitstamp using cryptocurrency or fiat currency (via bank transfer).

    Access to account replenishment and withdrawal of funds is open only to verified users.

    To replenish your balance, select the Deposit tab in the top menu. Determine the currency to enter, specify the payment method and submit a request to transfer funds to your exchange account.

    Deposit
    Depositing

    Withdrawals are also possible in cryptocurrency or fiat currencies. To create a withdrawal request, select the Withdrawal tab in the top menu, determine the transfer method and fill out the withdrawal request form (for each cryptocurrency there is a withdrawal limit ).

    Withdrawal
    Withdrawal

    Deposit and withdrawal methods

    The following methods are available for depositting and withdrawing on Bitstamp:

    Replenishment:

    • Cryptocurrency deposit: transfer of cryptocurrency from the user’s wallet to an exchange account. Various cryptocurrencies are available, including Bitcoin, Ethereum, Litecoin, Tether, Bitcoin Cash and others.
    • Fiat deposit: Funding your exchange account via bank transfer, including international transfers, SEPA (for EU residents) and ACH (for US residents), Faster Payments (for UK residents).

    Withdrawal:

    • Cryptocurrency withdrawal: transfer of cryptocurrency from an exchange account to an external wallet;
    • Fiat withdrawal: withdrawal via bank transfer, including international transfers, SEPA (EU residents) and ACH (US residents), Faster Payments (UK residents).

    Bitstamp trading conditions and tools

    Each cryptocurrency exchange provides unique conditions for its users: available markets, options for trading pairs, commission rates, restrictionsand so on. Let’s look at the capabilities of the Bitstamp exchange and the terms of use of its services.

    Spot market

    Users of the site have the opportunity to trade on the spot market.

    Key features of spot trading on Bitstamp:

    1. Availability of various trading pairs, including fiat pairs;
    2. Instant order execution;
    3. Option to set market (trading at the current market rate) and limit orders (setting a specific price at which an asset will be purchased or sold);
    4. Transaction security (thanks to multi-level security measures).
      Terminal for trading on the spot market Bitstamp
      Terminal for trading on the Bitstamp spot market
    Derivatives trading is not supported on Bitstamp.

    Fees and limits

    Deposit funds:

    • Cryptocurrency – no fees;
    • Fiat – depends on the payment method. For example, there is no fee for SEPA transfers, while international transfers are subject to a 0.05% commission (minimum 7.5 USD/EUR, 5 GBP, maximum 300 USD/EUR, 250 GBP).

    Withdrawal:

    • Cryptocurrency – the fee is determined depending on the coin (for example, 0.0005 BTC – for Bitcoin, 0.006 ETH – for Ethereum, 0.02 XRP – for Ripple, etc.);
    • Fiat – the amount of the fee depends on the payment method (for example, for SEPA transfers 3 EUR is withheld, for international transfers – 0.1% (minimum 25 USD/EUR/GBP, the bank may charge additional commissions).

    Trading:
    The size of the trading fee depends on the total volume of transactions for the last month (in USD). For trading volumes up to $1000, no commission is paid. After exceeding the $1000 threshold, a fees of 0.03% for maker and 0.04% for taker are charged. Trading fees decrease as trade volume increases. As a result, the maker commission can vary from 0% to 0.3%, the taker commission – from 0% to 0.4%.

    Different fees apply, when trading fiat and stablecoin pairs. Their size depends on the user’s 30-day trading volume in pairs with stablecoins. For a trading turnover up to $1000, no commission is charged; for a turnover above $1000, the fees starts from 0.06% for the maker and 0.08% for the taker.

    FX/Stablecoin pairs include: EUR/USD, GBP/EUR, USDC/USDT, USDC/USD and others (full list is available on the exchange website).

    The minimum order volume depends on the asset in which the trading pair is quoted and is:

    • 10 units for pairs quoted in stablecoins and fiat currencies, for example: 10 EUR or 10 USDT;
    • 0.0002 BTC and 0.002 ETH – for pairs quoted in BTC and ETH respectively.

    How to trade on the Bitstamp cryptocurrency exchange

    Let’s look at the process of placing an order to buy an asset on Bitstamp. As an example, let’s take the trading pair BTC/USDT, that is, we will buy bitcoins for the stablecoin Tether, having replenished our USDT account in advance.

    To make a trade in the BTC/USDT pair:

    1. Select the Tradeview section on the main page of official exchange’s site;
      Spot trading
      Spot trading
    2. Enter BTC/USDT into the seachbar in the upper left part of the terminal;
      Selecting a pair to trade
      Selecting a pair to trade
    3. To place a purchase order, use the panel to the right of the chart, switch it to the Buy mode;
    4. Select the type of order (for example, Market) and set the required transaction volume;
    5. Click on the Buy BTC button.
      Purchase BTC for USDT
      Buying BTC with USDT

    Other Bitstamp services

    Bitstamp presents various opportunities to earn passive income. Among them are staking, landing, affiliate program.

    Earn Stake

    The Earn Stake section is a staking service. With its help, users can block their assets on the platform balance in exchange for a reward.

    There are 2 cryptocurrencies available for staking on Bitstamp: ETH and Algorand. Conditions for each currency are below:

    • Ether: APY – 4.5%, payments are made every month;
    • Algorand: APY – 1.60%, payments – every quarter.
      Staking
      Staking

    The staking fee on Bitstamp is 15%.

    Earn Lend

    The Earn Lend section allows users to use their own cryptocurrency assets for providing loans.

    Landing works as follows: the user selects a cryptocurrency for a loan, indicates the number of coins that need to be allocated for the loan, and coins are frozen on his account. In exchange for this, Bitstamp gives the user interest.

    The list of cryptocurrencies available for borrowing includes: Bitcoin, Ethereum, Ripple, USD Coin, Tether, ApeCoin, Bitcoin Cash, ChainLink and Litecoin. The annual percentage income from lending varies from 2% to 4.40%, depending on the cryptocurrency.

    Landing
    Lending
    Profits earned from lending pages are subject to fees charge. Their value depends on the cryptocurrency: 27.27% for BTC, 23.08% for ETH, 20.00% for XRP, etc.

    Affiliate program

    Bitstamp invites users who are ready to advertise exchange services to cooperate. For four months, the exchange pays partners up to 50% of commission fees on executed orders of users who joined the platform via a referral link.

    Rewards to partners are paid in the currency chosen by the partner (there are 70 options to choose from), and can be transferred to PayPal, bank account and other methods.

    Bitstamp Affiliate Program
    Bitstamp Affiliate Program

    Learn

    The Learn section is an exchange educational resource that allows users to expand their understanding of the cryptocurrency industry. It contains various training materials, articles, guides, instructions, etc. Topics range from basic (cryptocurrency basics) to advanced (trading strategies).

    Training
    Learn service

    BaaS

    BaaS service (Bitstamp-as-a-service) is a solution from a crypto exchange intended for business and corporate clients.

    The service offers companies quick access to the trading platform infrastructure to provide cryptocurrency services to their clients.

    Using the BaaS service, companies have the opportunity to use many elements of the exchange infrastructure, such as secure trading of 80+ cryptocurrencies, full or partial KYC verification of clients, reporting services to clients at various levels, custodial storage of assets with 100% collateral and others. This makes it easier to integrate cryptocurrency operations and eliminates the need to create and maintain your own infrastructure.

    Bitstamp as a service
    Bitstamp as a service

    Bitstamp app

    Bitstamp mobile application allows you to use all the main functions of the platform directly from your phone. Provides opportunities for trading, depositing and withdrawing funds. It has a convenient and intuitive interface.

    The application is available in two versions - Bitstamp (for Android devices) and Bitstamp Pro (for iOS and Android).

    Bitstamp reviews

    Since its founding in 2011, the exchange has collected a lot of reviews on different services like Trustpilot. Of particular value are responses from users who describe in detail the reasons for their satisfaction or dissatisfaction. Try to ignore overly emotional comments that don’t provide specific information.

    Positive comments about Bitstamp usually concern:

    • Possibility of making a deposit in fiat currencies (EUR, USD, etc.);
    • Options to use cards and bank transfers as payment methods;
    • Zero trading commission for turnovers up to $1000 per month;
    • Opportunities for earning additional income through staking and landing.

    Aspects of working with the exchange that cause negative user ratings:

    • The process of verifying identity and address is mandatory and may require significant time;
    • Delays in feedback from support;
    • Blocking user accounts.

    Advantages and disadvantages of Bitstamp

    Operates since 2011;
    Has 50+ licenses from international regulators;
    Confirmed reserves;
    Provides services for individual and institutional investors;
    Active integration with fiat currencies: deposit/withdrawal in fiat, trading pairs with fiat;
    Payment methods include cards and bank transfers;
    Trading commissions from 0%;
    Additional earnings on staking, lending, affiliate program;
    API support for trading automation.
    Required confirmation of identity and residential address to gain access to platform services;
    Trading is limited to the spot market;
    High commissions for some transactions, especially for small trading volumes;
    Commissions for staking and lending;
    The site operates exclusively in English (there is no localization into other languages).

    FAQ

    What is Bitstamp?
    Bitstamp is cryptocurrency exchange that specializes in spot trading with support for fiat currencies. The exchange is a trading platform with mandatory KYC, so to use it you must undergo verification, which includes checking the user’s residential address.
    Who is the owner of the Bitstamp exchange?
    The platform began its work in 2011 under the leadership of founders Neich Codrichei and Damian Merlak. Currently, the role of CEO of the exchange is performed by Jean-Baptiste Graftio.
    Where is the Bitstamp exchange located?
    Bitstamp's central office is located in Luxembourg. The exchange has representative offices in Slovenia, Great Britain, the USA and Singapore.
    How to register on Bitstamp?

    1. Go to the Bitstamp home page and click Get Started in the top right corner;
    2. Enter your data: first name, last name, date of birth and email;
    3. Select your country of residence from the list provided and accept the terms of use of the platform;
    4. Check your email: Bitstamp will send you a registration confirmation email;
    5. Log in using the email address and password you provided during registration;
    6. Specify your phone number;
    7. Enter the 4-digit code received via SMS;
    8. Registration is complete.

    How to deposit Bitstamp?

    1. Login to your account on the exchange;
    2. Click the Deposit tab;
    3. The system will display a list of available cryptocurrencies and fiat currencies for input - select the required one;
    4. If you fund your account with cryptocurrency, you will be given a wallet address to send coins to. If you choose fiat currency, you will need to make a bank transfer to the specified account;
    5. Follow further instructions to complete the operation.

    How to withdraw money from Bitstamp to a card?

    1. Login to your account on the exchange;
    2. In the top menu, select the Withdrawal tab;
    3. Specify Credit Card as a withdrawal method;
    4. Enter the required data (card number, account number, SWIFT code, etc.);
    5. Specify the amount to withdraw;
    6. Follow further instructions to complete the operation.

    What is the commission on Bitstamp?
    On Bitstamp, trading fees are based on the trading volume for the last 30 days. No commission is charged for trade turnover up to $1000. Above this mark, a maker/taker fee structure applies and exchange fees range from 0% to 0.3% for makers and from 0% to 0.4% for takers.

    Different fees apply, when trading fiat and stablecoin pairs. It is also determined based on the 30-day trading volume on FX/Stablecoin pairs. For a trading turnover up to $1000, no commission is charged; for a turnover above $1000, the commission starts at 0.06% for the maker and 0.08% for the taker. FX/Stablecoin pairs include: EUR/USD, GBP/EUR, PAX/USD, PAX/EUR, USDC/EUR, USDC/USDT, USDC/USD, USDT/EUR, USDT/USD and others (the full list is on the website in the Fee Schedule section).

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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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