If you are a European intermediate to expert user who already traded cryptocurrency, this is the perfect website for you. It is a far cry from being beginner-friendly.
On the other hand, it has its own mobile app and you can use it on both Android and iOS systems.
The fiat currencies supported are Euro and USD and the cryptocurrencies supported are Bitcoin, Ethereum, Litecoin, and Ripple.
Bitstamp was one of the first platforms that implemented the MultiSig technology.This is a system of keeping most of the Bitcoins in off-line wallets. Furthermore, they also allow for 2FA and e-mail verification.
What are the Users Saying about Bitstamp?
The public generally loves Bitstamp a lot, especially the Europeans as they have great fees on the website. Also, users seem to trust Bitstamp when it comes to security and transaction processes as no serious problems were detected in the past.
Bitstamp was developed in Slovenia and its current headquarters are in Luxembourg. Due to the fact that it started in 2011, it is respected by many users as one of the first exchange sites in the industry.
To sum up, Bitstamp is a great platform. If you have some experience with exchange platforms and do not want to risk a lot, this is the best choice for you. It is a big plus if you are a European. Bitstamp is an overall great site with no serious drawbacks, but there is always room for improvement and the platform is working hard on providing even better service for their customers.
In order to verify your account you need to provide:
- A picture of a government-issued identification (ID, Passport or Driver’s Licence)
- A scanned image of a document that serves as a proof of residency (issued in the last 3 months). This can be a document that is addressed to you and has your name on it (bank statement, tax return, utility bill or certificate of residency).
Make sure to upload images that have more than 300dpi and that the documents are entirely visible.
Once your verification is approved, you will receive an e-mail.
There are virtually no limits once you verify your account. The only current limit is the minimum deposit limit - $5.
There is a see round-up at 0.25% of every transaction. However, this number can go lower if the bigger amounts are being transacted. The lowest fee is 0.10% and it is for the transactions that go up to 20 million a month. However, this is a very good starting fee, proving that Bitstamp has some of the lowest fees in the industry.
Furthermore, there are no fees for withdrawing cryptocurrency.
How Do I Withdraw My Money from Bitstamp?
Withdrawing cryptocurrencies is easy on Bitstamp. You only need to go to their Withdraw page and select a cryptocurrency in the menu on the left. Enter your wallet address for the selected currency, destination tag, and the amount. Click “withdraw” and solve the 2FA if you enabled it.
FIAT Deposit fee
CRYPTO Deposit fee
Fiat Withdrawal fee
Crypto withdrawal fee
< $20,000 0.25% < $100,000 0.24% < $200,000 0.22% < $400,000 0.20% < $600,000 0.15% < $1,000,000 0.14% < $2,000,000 0.13% < $4,000,000 0.12% < $20,000,000 0.11% > $20,000,000 0.10%
SEPA Free INTERNATIONAL WIRE 0.05%
BTC Free RIPPLE IOU 0.20% XRP Free LTC Free ETH Free BCH Free
SEPA 0.90 EUR INT. WIRE 0.09% min.fee 15 $/£
BTC Free XRP Free LTC Free ETH Free BCH Free
Bitstamp openly provides APIs for their clients who can control the accounts that they own by custom written software. Their API page is located on their website and provides a complete overview. 600 requests per 10 minutes are allowed.
other withdrawal possiblity
CRYPTO CURRENCYrate (Live via API)
FIAT Withdrawal limit
Crypto withdrawal limits
Verification needed for crypto trade
Verification needed for fiat trading
Turnaround amount 24h
BTC; XRP; LTC; ETH; BCH
SEPA INTERNATIONAL WIRE Cryptocurrency
- The platform exists for a long time and it is trustworthy
- Great fees for everyone (especially Europeans)
- General user satisfaction with all the aspects of the platform
- Only 4 cryptocurrencies and 2 fiat currencies supported
- Only for intermediate and expert users
- The complicated process of verification (unverified accounts cannot do anything)