Bitstamp information
Description
Bitstamp.net is the oldest still existing crypto exchange and was launched in 2011 as a European alternative to the now closed exchange Mt. Gox founded. The trading center primarily focuses on the qualitative and reliable trading of a few, but established and liquid, cryptocurrencies. Particular emphasis is placed on fast deposit and withdrawal times by bank transfer, high security and good support.
About the company
Bitstamp was founded in 2011 by Nejc Kodrič and Damijan Merlak in Slovenia. In 2013, the company's registration was relocated to the UK. In 2016, the head office was relocated to Luxembourg, where the company is registered as a European company and has received a license from the Luxembourg Ministry of Finance to operate as a financial services provider in the EU. Registration in the UK continues. It has offices in Ljubljana, London and Luxembourg. A branch was established in Delaware for trading on the US market. In October 2018, Bitstamp was acquired by the Belgian investment firm NXMH. The management consists of Nejc Kodrič (CEO), Edward Kemp (CFO), Mary Beth Buchanan (CLO), David Osojnik (CTO) and Vasja Zupan (COO).
Usability
The trading view on Bitstamp.net offers a good mix of professional order types and consistent user guidance. Price charts of Tradingview faded in. For institutional traders there is a API with documentation provided. In addition, an app is offered which contains a simplified buy and sell view for beginners and a full view with more complicated order types for experienced users.
Fees
The fees on Bitstamp.net are based on the accumulated trading volume of the last 30 days and start at < $ 10,000 with 0.50%. There is a withdrawal fee of EUR 3.00 for SEPA transfers, the deposit is free of charge. There is a fixed fee of 5% for payments with credit cards, however additional fees from the card issuer may apply. The deposits and withdrawals using cryptocurrencies are also shown transparently. Deposits are free, while withdrawals incur a small fee. The exact and current listing can be found at table of fees.
Questions & answers
We have summarized the most important questions and answers about this provider for you and tried to answer them.
- Is there an API for Bitstamp?
- Which cryptocurrencies can be traded on Bitfinex.com?
- Which fiat currencies can be used for deposits and withdrawals?
- How secure is Bitfinex.com?
- Is Bitstamp reputable?
Is there an API for Bitstamp?
Yes, an HTTP and Websocket API and a FIX gateway are offered. The API documentation can be found at the official website.
Which cryptocurrencies can be traded on Bitfinex.com?
Bitstamp offers trading in Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM) and Paxos Standard (PAX). Trading is also possible directly in US dollars, British pounds and euros. The active markets are viewable here.
Which fiat currencies can be used for deposits and withdrawals?
Deposits and withdrawals are possible in US dollars, British pounds and euros. Direct SEPA transfers are supported for the European market.
How secure is Bitfinex.com?
On the trading platform, security is very important. According to the company, only 2% of the assets are held in multi-signature hot wallets. Address whitelisting and two-factor authentication are available to users as further security options. Together with the PGP key provided for file upload and the safety-related user instructions in the FAQ, there is a comprehensive security concept.
Is Bitstamp reputable?
Bitstamp is the oldest crypto exchange still in existence and has registrations in Luxembourg, Great Britain and the USA. Because of this impressive track record and its official status as a European financial services provider, we consider Bitstamp.net to be trustworthy. The detailed and transparent Terms of Use further contribute to its truthworthiness.