If you are new to the crypto space then this Bitstamp review can help you get a good idea whether this exchange is a suitable exchange or not. The Bitstamp exchange is one of the most popular platforms in the world and offers some of the most remarkable features to the users.
There are several reasons for its popularity and success, some of which are mentioned below in detail. Whether you want to use Bitstamp or not, it is important to do some research and choose an exchange after knowing about its features in detail.
This is because there is no shortage of crypto exchanges and they all offer different kinds of features. It is necessary not that the features offered by every exchange would match your criteria and trading requirements. If you choose an exchange without learning about what the platform offers then buying or trading crypto can be complex and stressful for you.
Therefore, it is important for every new investor or trader to know the basic features offered by the exchange before they use it. Whether you want to know is Bitstamp safe or if it offers a transparent fee structure, the helpful details are mentioned below.
Bitstamp Review – Trading Fee
The trading fee charged by an exchange is one of the most important and crucial aspects to know about, especially for people who are new to crypto trading. As mentioned above, different exchanges offer different types of features. This also includes the difference of amount or fees charged by an exchange to the users.
Another difference is also that of transparency as some exchanges also include hidden or additional charges in their fee structure. Using such an exchange can not only put you at risk but also discredits the credibility of the exchange.
Therefore, to make sure you choose the right exchange, it is important that you take a look at the fee structure of an exchange, which is Bitstamp in this case.
The trading fee is not based on the traditional market maker and taker fee model followed by many platforms. Here are the details to know about.
- Flat fee of 0.25% for trades under $20,000
- 10% for monthly trading volume higher than $20 million
The deposit and withdrawal fee are dependent on the payment method you opt for as mentioned below in this Bitstamp review.
Card purchases:
- 5% + bank fee deposit and withdrawal
Wire transfers:
- 05% deposit fee
- 1% withdraw fee
SEPA:
- Free deposits
- 3 EUR withdrawal fee
Faster Payments UK:
- Free deposits
- 00 GBP withdrawal fee
Safety and Security Offered
This major detail is of high significance for people who want to know “is Bitstamp safe?”. There is no use of opting for a platform with high trading volume and other impressive features if it does not offer high level security to the users. This is why, the security offered by an exchange is one of the most important aspect mentioned in this brief Bitstamp review.
Bitstamp learned from its experience and is now one of the safest crypto platforms in the market. It makes use of state-of-the-art security protocols that offer utmost security and keep the funds and accounts of the users safe from any kind of cyber threat or failure.
Here are some of the security systems used by the platform.
- Annual account auditing
- Cold storage for majority of funds
- Email confirmations
- Google Authenticator Login
- Two-factor authentication (2FA)
Licensed and Regulated
Bitstamp does not have a perfect record in terms of security, however, as mentioned above it offers improved security to the users and also uses high-end security systems.
Apart from this, the Bitstamp review does highlight the fact that it is the world’s first licensed and regulated crypto exchange. This does validate the trustworthiness of the exchange, which is an important factor to consider while choosing a platform to buy or trade crypto.
Digital Assets Supported
Bitstamp is one of the oldest crypto exchanges in the world and it offers some of the most impressive features. One of those features is that it offers supports to a variety of digital assets.
As a user of the exchange, you can buy, sell or trade more than 20 digital assets available on the platform from one marketplace. This collection may not be as vast as one might like but it is ideal for the new investors and traders.
Fiat Currencies
The Bitstamp review also highlights that the platform offers support to fiat currencies, which is not a common feature among many crypto platforms. As a user of the exchange you can buy digital assets with fiat currencies.
The supported fiat currencies on the Bitstamp exchange include:
- S. Dollar
- Euro
Conclusion!
The information mentioned above in this brief Bitstamp review is most crucial for people who are new to the crypto space. This information can help every interested party in determining whether it is a suitable exchange for them or not.