Cryptocurrency

Your guide to Bitstamp: A reliable trading platform

bitstamp banner guide

With the continuous rise of the cryptocurrency industry, more people are turning their heads to investing in digital assets. Choosing the crypto exchange most suitable to your trading preference and objective doesn’t have to be difficult because you will have Bitstamp on your side.

Bitstamp is one of the top exchange sites in the crypto market since its inception. This trading platform is known for its reliable and secure services that support transactions in digital assets and fiat currencies.

To learn more about Bitstamp, keep reading to see what makes it one of the best crypto exchange platforms in the market and how you can start trading!

How the Bitstamp exchange started

Established in August 2011, Bitstamp is one of the oldest and most trusted crypto exchanges in the market. CEO and co-founder Nejc Kodrič along with co-founder Damijan Merlak first introduced Bitstamp in Slovenia.

Upon learning that they had fewer restrictions and more opportunities elsewhere, Bitstamp founders relocated to the UK in April 2013. Soon after, they decided to expand once again to Luxembourg and opened the head office there.

Today, Bitstamp has made a name in crypto trading all over the world, mainly focusing on buying and selling major crypto coins such as Bitcoin and Ethereum. It currently boasts a trading volume of more than $302 million, along with more than 4 million traders and institutions that use the platform.

What sets Bitstamp apart from other crypto exchanges?

Bitstamp continues to maintain its spot as one of the top crypto exchanges in the industry. However, what can you find in this exchange site that users cannot find anywhere else? Check them out below:

A reliable trading platform

Bitstamp has been around since 2011, a time when the cryptocurrency market was still in its infancy. As the public interest in digital assets grew, Bitstamp was able to welcome more users. For years, it maintained excellent trading volumes and a good reputation among traders.

Although the crypto exchange site is one of the oldest in the industry, it can still keep up and cater to its users even though more and more trading platforms are popping up.

Simple and intuitive user interface

When visiting the Bitstamp platform, users will notice that the interface is beginner-friendly and easy to navigate. Crypto traders can register or log in at Bitstamp with ease. You can also keep track of your digital assets and effortlessly execute buy or sell orders.

Moreover, you can cash out and make deposits directly with your bank account. Rest assured that every transaction with Bitstamp will be hassle-free and completed quickly.

User security

Bitstamp has suffered its fair share of issues back in the day such as hacking attacks that drained users’ wallets. However, these problems were never due to negligence or technological problems within the exchange site. Instead, these were caused by mutinous employees back in 2014 and 2015 and have since been removed from the company.

Since then, Bitstamp has worked to improve its security through two-factor authentication, server encryption, and exchange wallet security. These measures were taken to ensure that the previous problems will not happen in the future.

Low transaction fees

Just like any other crypto trading platform, Bitstamp also has trading fees. Users will need to pay withdrawal fees whenever they want to make changes to their balance. However, there are certain situations where these fees can be waived such as making a deposit via a bank transfer or directly into your wallet.

How to start trading with Bitstamp

Getting started with Bitstamp is easy and will only take a few minutes! All you need is an electronic device and a stable internet connection. To learn more, see the steps on how you can start trading in the Bitstamp platform:

Sign up for an account

The first thing you need to do is make a Bitstamp account. To do so, visit the Bitstamp website which can be accessed via tablet, mobile phone or desktop and click the ‘Register’ button on the upper right corner.

From there, you will be redirected to another page where you will input personal information such as your email and phone number. You can also decide whether or not you want to set up an account for personal or work use.

Verify your account

Once you have provided all the needed information, the next step is to verify your account. Bitstamp has worked to improve its security measures over the years to prevent problems and this includes creating a two-factor authentication for every account.

When you are done with registration, a message containing a link will be sent to your email or mobile phone and you need to click it before accessing the website.

Deposit funds

When you have successfully registered and verified your account, you can explore the Bitstamp platform and deposit funds! Making a deposit is easy whether you want to start with putting fiat money or cryptocurrency in your wallet.

Depending on your location, you can make a deposit with major credit and debit cards, bank transfers, international ring transfers, and many more.

Make any transaction you want

After you are satisfied with the deposited funds, you can head on over to the trading platform and get an idea of how it works. From there, you can start placing buy or sell orders of the supported cryptocurrencies. You will find that the user interface of Bitstamp is seamless and easy to use anytime, anywhere.

Trade with Bitstamp today!

Whether you are a beginner or seasoned trader, Bitstamp exchange is one of the most dependable platforms you can use to accomplish your crypto trading objectives.

It is one of the most secure and competitive exchange sites that has been around in the market for a long time. Every transaction is safe and hassle-free when opening an account with Bitstamp. Start trading today and get an edge in the cryptocurrency market!

Cryptocurrency Market Capitalization
  • bitcoinBitcoin (BTC) $ 16,524.51 0.41%
  • ethereumEthereum (ETH) $ 1,210.59 0.76%
  • tetherTether (USDT) $ 1.00 0.02%
  • bnbBNB (BNB) $ 313.33 0.56%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • binance-usdBinance USD (BUSD) $ 1.00 0.12%
  • xrpXRP (XRP) $ 0.400727 1.74%
  • dogecoinDogecoin (DOGE) $ 0.097398 4.83%
  • cardanoCardano (ADA) $ 0.318296 0.42%
  • matic-networkPolygon (MATIC) $ 0.855817 0.81%

Expand your knowledge and invest in the cryptocurrency industry.