Review of the Bitstamp cryptocurrency exchange
Bitstamp is a British cryptocurrency exchange. She started working in 2011. She has several offices:
- 5 New Street Square, London;
- 10 rue Antoine Jans L-1820, Luxembourg;
- 99 Hudson Street, 5th Floor, New York.
Bitstamp is licensed in Luxembourg.
During its existence, the cryptocurrency exchange has managed to appear in reputable media:
- The Europas.
The exchange cooperates with large organizations. Among the partners, you can pay attention to:
The cryptocurrency exchange is actively promoting its service through social networks. You can follow the company’s news on the following pages:
However, in Runet, the cryptocurrency exchange is inferior in popularity to other offices, among which BTC-e and Exmo can be noted. The company’s management, apparently, is not interested in Russian-speaking users, since the information on the site is presented only in English.
It’s nice that the developers of the exchange do not hide their identity. The Exchange team includes the following people:
- Nejc Kodrič – director of the company;
- David Osojnik – Chief Technology Officer;
- Stéphane Leloup – Director of Internal Control;
- Vasja Zupan – Chief Operating Officer;
- Toki Ralaza – Chief Financial Officer;
- Dan Morehead – Chairman of the Board of Directors;
- Damijan Merlak is a member of the Board of Directors.
Registration on the Bitstamp exchange
To be able to participate in trading on the exchange, the user must open an account. To do this, you need to fill out a standard form:
- Country of Residence;
After that, an ID and password from your personal account will be sent to your e-mail. After logging in, the system provides for changing the password using large and small characters.
Unverified members cannot fund the wallet. Therefore, registration alone will not be enough. To be able to deposit and withdraw funds, you need to provide personal data. Bitstamp cryptocurrency exchange asks for the following information:
- surname and first name;
- the address;
- date of birth and so on.
After passing the verification, you can confirm your mobile phone number. This will improve the security of your account.
Methods for depositing and withdrawing funds on the Bitstamp cryptocurrency exchange
The exchange supports several options for depositing and withdrawing funds from the wallet. Among them are:
- international transfers;
You can read all the conditions for depositing and withdrawing on the exchange on the page «Fee Shedule».
Exchange and trade on the Bitstamp cryptocurrency exchange
Bitstamp cryptocurrency exchange does not support as many pairs as its competitors. By this parameter, it is significantly inferior to such sites as Poloniex and Kraken.
This exchange mainly specializes in the following currencies:
- Bitcoin (BTC);
- Litecoin (LTC);
- Ripple (XRP);
When trading, you can use different orders, which will allow you to make deals with greater profit. You can see active orders under the schedule.
The trading volume on the cryptocurrency exchange is 27,645 BTC. The exchange is often among the five largest trading floors in terms of daily trading volume.
For increased security, users can enable two-factor authentication. The site supports Google Authenticator and Duo Mobile.
To enable two-factor authentication, just go to your personal account, and then go to the “Security” section. Additionally, you can set up email notifications so that you can quickly receive information about all changes associated with your account.
Bitstamp advantages and disadvantages
Bitstamp cryptocurrency exchange can hardly be called the best choice for traders and miners. This platform has both positive and negative sides. They definitely need to be considered before starting a trade.
Among the main advantages of the Bitstamp exchange, it is worth highlighting:
- Large trading volume.
This site is consistently among the five largest exchanges. Therefore, here you can always quickly buy or sell cryptocurrency.
Bitstamp is the first platform to be licensed. Users do not have to worry about the website being blocked by law enforcement agencies.
- Bank transfers and SEPA.
The wallet can be replenished with a card. This greatly simplifies the work with the exchange.
If you evaluate Bitstamp from the point of view of a Russian-speaking user, then you can highlight a number of critical disadvantages. Among the disadvantages it is worth paying attention:
The company is not yet interested in the Russian segment of the market, so the site does not have Russian language. This is one of the main reasons for the low popularity of Bitstamp on the Russian Internet.
- Payment systems.
So far, the site does not support popular payment systems such as WebMoney, Yandex.Money, QIWI, PayPal and so on. The situation may change in the future.
- Limited number of pairs.
The cryptocurrency exchange only supports 9 pairs. It should be noted that among the exchange directions there are no such popular currencies as Ethereum, Ethereum Classic, Dash, Zcash and others.
Without verification, users have no opportunity to replenish their account or withdraw funds from the wallet. Although other platforms provide such an opportunity. It is worth remembering that cryptocurrencies are valued for anonymity, and Bitstamp deprives its users of this privilege.
Reviews on Bitstamp
Bitstamp is not very popular among Russians, so there are not many reviews about this platform on the Internet. Therefore, the ProfitGid.ru team asks readers to help us change the situation. If you have experience with this platform, please leave your feedback on the Bitstamp cryptocurrency exchange. Your comment will help make our review objective.