Bitstamp Review

Bitstamp Logo

Bitstamp was launched in 2011 in the United Kingdom as a cryptocurrency exchange with the vision of enabling millions of traders from around the world to buy and sell multiple cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, and Stellar, through their proprietary trading platform. The Exchange provides traders with trading tools and educational resources, as well as a client support team. There are also multiple account types and multiple deposit and withdrawal options available to clients.

Bitstamp Review Introduction

In this Bitstamp review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including Bitstamp.

Bitstamp Platforms & Tools

Bitstamp provides a proprietary platform for traders to access the offered cryptocurrencies online. The Bitstamp trading platform has a user-friendly trading interface, which makes it suitable for crypto-traders of all experience levels.  It offers four order types, real-time charts, order books, and a range of analytical tools. Traders are allowed to choose between the simple buy and sell, or the advanced Tradeview interface. There is also the Bitstamp mobile app, which offers the full functionality of the Bitstamp trading platform on mobile devices running on Android and iOS, so traders can access their trading accounts at any time from anywhere.

Bitstamp Review Trading Platform
Bitstamp Review Trading Platform

The following trading tools are also provided by the Exchange to ensure that traders enjoy a hitch-free trading process: HTTP API, Public FIX Interface; WebSocket; Lightning Network, and the TradingView.

Bitstamp Review Trading View
Bitstamp Review Trading View

Bitstamp Research & Education

There is a number of educational materials on the Exchange’s website. The resources can help traders to make informed trading decisions whilst improving their knowledge of how the financial market works. They include an FAQ section that offers instant answers to clients’ most common inquiries and a News section that gives traders updates on the latest happenings in the financial markets.

Bitstamp Trading Accounts

Bitstamp offers two major account types, namely: Personal Account and Corporate Account. Traders can choose the one that best suits their trading needs.

Bitstamp Account Funding

Deposits and withdrawals to and from Bitstamp trading accounts are processed using any of the following payment methods:

  • International wire transfer
  • Debit/Credit Card
  • ACH Transfer
  • Cryptocurrencies

The transaction processing time may vary depending on the payment method used.

Bitstamp Customer Service

Bitstamp’s customer support team is available 24/7 and can be reached globally via telephone, email, and selected social channels.

Bitstamp Regulation

Bitstamp states that 98% of its assets are stored safely offline and have highly encrypted personal data. However, they are not regulated by any known financial authority at the moment. While many experts and professionals would not trade with unregulated exchanges as they cannot offer the same protection to investors that a regulated exchange can, you should know that cryptocurrency exchanges are generally not well regulated at the moment.

Bitstamp Review Summary

In brief, Bitstamp is a cryptocurrency exchange with a wealth of experience, having been in operation since 2011 in the United Kingdom. They provide both individual and institutional clients with their proprietary trading platform for trading multiple cryptocurrencies online. The Exchange has a volume-based fee structure and offers some useful trading tools, 24/7 client support, and educational resources. However, there is no regulatory information on the Exchange’s website at present.

It is worth mentioning that some of the trading products and services in this Bitstamp review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the Bitstamp broker website which you can visit by using the link below.

The trading of virtual currencies involves significant risk. Price fluctuations can occur which may increase or decrease the value of your assets at any given moment. Any currency whether virtual or not may be subject to large swings in value and may even become worthless. You should not risk an amount you cannot afford to lose.

Bitstamp

5.6

Spreads

7.0/10

Liquidity

7.0/10

Commissions

7.0/10

Support

7.0/10

Regulation

0.0/10

Features

  • A proprietary trading platform
  • HTTP API and other trading tools
  • Multiple cryptocurrencies
  • A selection of educational resources