Launched in 2011, Bitstamp is one of the oldest cryptocurrency exchanges in the crypto space. It has built a strong reputation among crypto users with its over decade of operational history. The platform strongly emphasizes reliability, regulatory compliance, and security to accommodate users comprehensively.

Headquartered in Luxembourg, Bitstamp is serving over 5 million users across the globe. The platform focuses on offering a simple yet intuitive trading experience to both beginner and professional traders. Instead of adopting broader changes like its competitors, Bitstamp follows a conservative approach, creating a reliable platform for those who only like to buy, sell, and trade the major cryptocurrencies.

This Bitstamp review will uncover the core features of the crypto exchange, such as supported assets, fee structure, earning opportunities, security protocols, and more.

What is Bitstamp?

Bitstamp is a centralized cryptocurrency exchange founded by Nejc Kodric and Damijan Merlak in Slovenia. It was one of the first crypto exchanges created to allow everyone to trade Bitcoin. Since its launch in 2011, the exchange shifted its office to different locations, such as the United Kingdom in 2013 and Luxembourg in 2016. Afterward, the exchange was acquired by a Belgium-based company called NXM. Today, it operates from several locations: Singapore, Luxembourg, the UK, the USA, and Slovenia.

The platform offers users seamless access to trading their favorite cryptocurrencies through its web platform, mobile app, and APIs. Bitstamp takes pride in its regulation, security, and transparency. It offers a safe trading environment to its users and secures their funds with robust security measures.

According to the current market data, Bitstamp offers its users more than 100 digital coins and over 200 trading pairs. The platform supports a wide range of payment options, such as debit or credit card, Apple Pay, ACH transfers, Pay Pal, international bank transfers, and Google Pay, making buying cryptocurrencies simple. Its Learn Center provides rich educational resources for beginners, while its 24/7 customer support is always there to answer users’ queries.

Bitstamp is a diverse cryptocurrency exchange catering to beginner and professional traders. The advanced traders benefit from an enhanced TradingView platform with excellent tools and competitive fees under Bitstamp Pro. In addition to trading, users can also generate passive income on the platform, thanks to its Earn program.

Key features of the Bitstamp Exchange:

• Bitstamp is a centralized cryptocurrency exchange serving over 5 million users in more than 150 countries.
• It uses top security measures, like cold storage and Two-Factor Authentication (2FA).
• Bitstamp caters to all crypto users’ needs by offering light and pro modes.
• The exchange supports over 100 cryptocurrencies and more than 200 crypto trading pairs.
• It supports spot trading and API trading with advanced charting tools.
• The platform’s fee structure is competitive and based on a maker-taker fee model.
• It provides active customer support to its worldwide users.

Bitstamp Regulation

Bitstamp is a global cryptocurrency exchange that is recognized for its regulatory compliance. The exchange holds 50 licenses and registrations in several jurisdictions around the world.

In 2016, Bitstamp became the first cryptocurrency exchange to hold a Payment Institution License in the European Union (EU). Since then, it has also been regulated by the Luxembourg Financial Regulator (CSSF). It requires the exchange to hold fiat funds at credit institutions instead of corporate funds, strictly managing financial risks.

Bitstamp obtained its BitLicense from the New York Department of Financial Services (NYDFS) in 2019. It obligates the exchange to keep the minimum amount of users’ deposits and report any changes. In 2023, the exchange was registered as a crypto asset business by the Financial Conduct Authority (FCA) to minimize money laundering and terrorism financing.

All these achievements have made Bitstamp a trusted crypto exchange. In addition, in 2024, the Securities Market Agency in Slovenia awarded Bitstamp the MiFID License to operate a Multilateral Trading Facility (MTF). It enables the exchange to offer maximum control to its customers over their capital.

Safety on Bitstamp

When it comes to trading cryptocurrencies, everyone looks for a safe crypto exchange. Bitstamp is considered one of the safest crypto exchanges operating globally, thanks to its robust security measures. The platform aims to provide security, transparency, and regulation to create a safe and reliable trading environment.

All funds held on the Bitstamp Exchange are 100% backed, and you can withdraw them anytime. The exchange maintains a 1:1 reserve ratio and stores 95% of the crypto assets offline in bank-grade Class 3 vaults. The remaining 5% of crypto assets are available online on the platform to enable smooth and fast transactions.

Bitstamp uses advanced security technology to keep customer data encrypted. It has implemented multi-Sig technology on hot wallets to ensure the maximum safety of your funds. Since 2016, the exchange has held regular internal audit reviews to keep a transparent environment.

From the users’ side, there are several measures they can follow on Bitstamp to keep their accounts safe. These measures include:

• Setting a strong password
• Completing the KYC procedure
• Setting Two-Factor Authentication to their account
• Email confirmations

Available Cryptocurrencies on Bitstamp

Bitstamp is a leading cryptocurrency exchange that offers a variety of cryptocurrencies to its users. Currently, the platform supports more than 100 digital currencies and over 200 trading pairs. Some of the major supported cryptocurrencies include Bitcoin (BTC) and Ethereum (ETH).

Additionally, the exchange supports famous altcoins, like Avalanche (AVAX) and Cardano (ADA). It also supports popular stablecoins, such as USDC, USDT, and more.

The complete list of supported coins is on the Bitstamp Markets page.

How to Get Started on Bitstamp?

Creating an account on Bitstamp is simple; you must follow some steps. Once your account is created on the exchange, you can access its several features.

To create an account on Bitstamp, head to Get Started at the top of the menu bar.

Enter your name, email address, and birth date, and click Continue.

Choose your country of residence and agree to the terms of service and conditions.

The system will send you a verification email to set up the password. Follow the instructions and set a strong password.

KYC (Know Your Customer Procedure) on Bitstamp

Bitstamp aims to provide maximum security to its users, and account verification is mandatory on the platform. The KYC procedure ensures that no account on the platform is used for illegal financial activities. In addition, it is also vital to complete the KYC procedure on Bitstamp to increase the daily withdrawal limit.

Once you have verified your email address and set a password, the next step on Bitstamp is to complete the KYC or Personal Verification process.

The first step is entering your mobile phone number.

After this, enter the four-digit code you receive on your mobile phone number.

The next step is selecting your country of residence and adding your home address.

The system will send you a secure link on your phone, or you can scan the QR code to complete several tasks on your mobile phone. It is crucial to complete the KYC procedure on Bitstamp.

You will need to provide any of the following documents on your mobile phone:

• National Identity Card
• Passport

After this, you will need to complete the facial recognition process.

The next step in the KYC procedure on Bitstamp is adding your financial information.

The system will then ask you to select the activities for which you will use Bitstamp.

Once done, you are required to upload proof of residence to complete the KYC procedure on Bitstamp.

Google Two-Factor Authentication (2FA) on Bitstamp

Bitstamp encourages its users to complete the two-factor authentication process. It adds an extra layer of security to your funds and protects your account from illegal activities.

After completing the KYC procedure, you can set 2FA to your account. Download the Google 2FA app on your mobile phone and link it to your Bitstamp account.

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Making a Deposit and Withdrawal on Bitstamp

Bitstamp is an advanced cryptocurrency exchange that supports several deposit and withdrawal methods for the added convenience of its users. All the deposit and withdrawal methods on the exchange are supported in all its licensed jurisdictions.

To make a deposit on Bitstamp, all you need to do is hover to Deposit at the top of your menu bar.

Once you are on the deposit page, you will see several methods you can utilize. These deposit methods are:

• Bank Transfer: Users can transfer funds from their bank accounts to the Bitstamp account using a bank transfer. It can be done through various ways, such as Instant SEPA (Single Euro Payments Area), ACH (Automated Clearing House), or traditional bank transfers.
• Cryptocurrency: It refers to sending crypto deposits to your Bitstamp account from an external wallet or platform.
• IOU: You can use it to deposit funds through the XRP Ledge as an IOU (I Owe You) token. The IOU token represents the value of funds and can be redeemed by Bitstamp for the underlying asset.
• Auto Convert: This method can be used to convert fiat currencies like EUR to USD.

To withdraw funds on Bitstamp, click Withdrawal at the top of the menu bar.

The supported withdrawal methods on the exchange are:

• Cash Withdrawal: If you want to withdraw funds to your bank account from Bitstamp, use this method. The major supported fiat currencies on the platform are EUR, USD, and GBP.
• Crypto Withdrawal: At Bitstamp, you can use crypto withdrawal to transfer cryptocurrencies from your Bitstamp account to an external wallet or address.
• IOU Withdrawal: Through this method, users can withdraw funds as an IOU (I Owe You) token on the XRP Ledger. This way, they can send assets like BTC and ETH to an XRP Ledger as an IOU instead of directly withdrawing them.
• Crypto Whitelist: It is a secure way to withdraw funds from the Bitstamp exchange as it only allows you to specify a list of trusted addresses to which you can withdraw funds.

Deposit and Withdrawal Fees on Bitstamp

There are no fees for cryptocurrency, SEPA, and ACH deposits on Bitstamp. However, when depositing funds using the international wire method, you are charged a fee of 0.05% on the platform. In addition, when making a deposit using Instant Purchase methods, such as Credit Cards, Debit Cards, Apple Pay, Google Pay, and PayPal, users pay a 4% fee.

On the other hand, the withdrawal fees on Bitstamp are subject to the variable network transaction fees. When making a crypto withdrawal, the platform charges you a variable amount based on the network transaction fees and Bitstamp’s crypto withdrawal processing fee.

The following are withdrawal fees on the platform based on the withdrawal method:

• SEPA: 3 EUR
• Faster Payments (UK): 2 GBP
• ACH: Free
• International Wire: 0.1%

Bitstamp Basic vs Pro

Bitstamp offers both simplicity and essential trading tools to its users. The platform features two modes: Basic for beginners and Pro for professionals. Both these modes are accessible via the Bitstamp web platform and mobile phone app.

The Bitstamp Basic mode is designed for beginners who want a straightforward user experience. It offers a simple and intuitive layout, making it easy for beginners to navigate and trade cryptocurrencies without any complexities. It facilitates quick deposits, withdrawals, and Earn products for users.

In addition, it allows users a simple way to buy and sell cryptocurrencies,

The Bitstamp Pro mode is tailored for seasoned traders who seek professional tools and functionalities. It offers a comprehensive dashboard along with all the features provided in the Basic mode. Additionally, the Pro mode enables users to customize real-time charts, track trends, manage portfolios, and execute trades using different order types, such as Market, Limit, Stop Market, and Stop Limit.

Key Features of Bitstamp Exchange

The Bitstamp Exchange has become a cornerstone of the crypto space thanks to its top features, such as spot trading, staking, lending, and more.

Let’s explore these features comprehensively.

Spot Trading on Bitstamp

Bitstamp is an advanced yet simple cryptocurrency exchange where you can trade a wide range of spot trading pairs. Trading on the platform is easy, and its features, such as instant deposit options, intuitive interface and quick withdrawals, make it an ideal exchange for traders with simple needs.

The trading interface on Bitstamp offers advanced trading tools. It features a professional-grade trading engine that ensures smooth execution of trades. It also supports high-performance synchronization with HTTP and FIX APIs, making it a reliable platform for those who prioritize algorithmic strategies, bots, and real-time data streaming.

The trading chart on Bitstamp is powered by TradingView, which has excellent tools and indicators. It ensures that the interface supports nearly every function, thus becoming suitable for all crypto traders. You can easily select any trading pair and adjust the chart according to your strategy. You can choose from different orders in the order box and place them accordingly.

The order types offered on Bitstamp are the following:

• Market Order: If users want to buy or sell a cryptocurrency at the best available current market price, they can use this order type. When they place a buy market order, the system automatically matches it with the lowest selling market price. On the other hand, when they place a sell market order, it matches the highest market price.
• Limit Order: You can use this order type to buy or sell a digital asset at a specific market price. When you place a buy limit order, it is set below the current market price and is executed when the price drops to your set level. Conversely, when you assign a sell limit order, it is set above the current market price and is executed when the price rises to your target.
• Stop Market Order: An order type turns into a market order once the target price is reached. It is commonly used to minimize losses during volatile market periods.
• Stop Limit Order: This order combines both stop and limit orders and allows you to specify a trigger price. Once the price is reached, it converts the order into a limit order, which is then executed at a specified limit price or a better price. This way, you will have more control over the execution price.

Note: Bitstamp does not offer advanced trading products like leveraged tokens and derivatives trading.

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Bitstamp Earn

Earn is an advanced feature on the Bitstamp Exchange that is available in both Basic and Pro modes. It enables users to stake and lend their cryptocurrencies on the platform and earn Annual Percentage Yield (APY) rewards.

You can stake cryptocurrencies like Ethereum (ETH) and Cardano (ADA) on Bitstamp and earn APY rewards up to 3.10% by supporting Proof-of-Stake (PoS) networks. You get full ownership of your assets as the exchange supports no additional lock-up periods. The platform charges a 15% commission on ETH and a 25% commission on ADA staking rewards.

With Bitstamp Earn Lend, you can lend digital assets to earn interest. It offers up to 4.40% APY with interest daily. You can lend some of the major coins, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USDC, XRP, and more. Bitstamp ensures enhanced transparency in lending service by offering a monthly performance chart with detailed reports of its operations. In addition, it reduces the risk factor as borrowers are required to provide at least 100% collateral for all stablecoin loans.

You can check the Bitstamp lending fees on different cryptocurrencies in the following table:

Bitstamp as a Service

Bitstamp offers more than traditional trading by becoming a gateway for companies who want to offer cryptocurrencies to their customers but do not know how to start. Bitstamp as a Service is unique as it enables institutions to allow their clients to buy and sell digital coins even without signing up for an exchange.

It provides companies with complete access to the Bitstamp Exchange on their platforms and apps. Some of its benefits are:

• A Nasdaq-powered professional-grade trading engine.
• New revenue streams with crypto trading.
• Integration of Bitstamp’s infrastructure with your platforms and apps.
• Fully backed digital asset custody for customers.
• Complete or partial customer KYC.
• 24/7 technical support with dedicated account managers.
• Professional banking and payment services.

Bitstamp Trading Fees

The Bitstamp trading fees are calculated based on a 30-day trading volume period. The standard maker fee of a trader with less than $10,000 30-day trading volume is 0.30%, while the taker fee is 0.40%.

The trading fees on the platform decrease with increased trading volume. For example, traders with over $1 billion 30-day trading volume don’t have to pay any maker fees.

You can view the trading fees in the following table:

Bitstamp Mobile App

Bitstamp offers a powerful mobile app to its customers. The app is available on both the Apple App Store for iOS users and Google Play Store for Android Users. It has received high user ratings on both these platforms due to a smooth interface and enhanced ease of use.

The app offers a user-friendly yet intuitive design. It caters to both beginner and seasoned traders by offering Basic and Pro modes.

Its mobile phone app offers nearly all features available on the Bitstamp web platform. Users can easily make deposits, trade cryptocurrencies, and withdraw digital assets on the app. In addition, users can access other features like lending and staking on the mobile phone app.

Bitstamp Customer Support

The significance of customer support in crypto has increased over time. It plays a critical role in a market where transactions are time-sensitive and irreversible. Bitstamp has a dedicated global customer support team that instils confidence in users by helping them navigate through the complexities of crypto trading.

The 24/7 committed customer support team can be accessed from anywhere globally. The team focuses on addressing crypto users’ queries by maintaining a transparent communication landscape.

Closing Thoughts

Bitstamp shines for its robust security measures and simplicity. As one of the earliest crypto exchanges, it has come a long way and become a reputable exchange worldwide.

Bitstamp strikes the perfect balance between simplicity for novice traders and advanced trading tools for professional traders. The exchange has kept everything easy, from account creation to KYC and 2FA; you need to follow simple procedures and provide basic information. It holds licenses in more than 50 jurisdictions, ensuring ease of accessibility for its users across the globe. As the crypto industry matures, Bitstamp emphasizes accountability and trust. The exchange has implemented robust security measures to minimize the risk of illegal activities like fraud and money laundering. In addition, the platform prioritizes users’ convenience through its 24/7 customer support.

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Frequently Asked Questions (FAQs)