HowTo Buy Crypto – Part 5: Bitstamp
Moving back to Europe, Bitstamp is a Luxembourg based company with offices in London and New York as well. Their straightforward, unpretentious home page highlights key selling points, working partnerships, and news snippets alongside their BTC, XRP, LTC, ETH, BCH, USD and EUR trading pairs – they even have a EUR/USD pair – with live order book information on each pair front and center.
You can make deposits using SEPA, international bank wire, or credit card, but be careful to check if your bank allows this latter option and if they charge additional fees to the 5% charged by Bitstamp. SEPA deposits are free on the other hand, and bank wires have a minimum fee of 7.50€. SEPA withdrawals cost .90€ and bank wires a minimum of 15€. For their full list of fees, including trading fees – which are competitive – see their fee schedule posted on their website. An additional feature that will also likely interest many is the Bitstamp prepaid debit card – the aforementioned fee schedule has all the pertinent info for that too.
Security best practices are in place, running the gamut from the basic 2FA for user login, to full annual audits by one of “The Big Four”, as well as full yearly audits which include IT security checks and data protection processes. Their Internal Processes page offers readers more information about Bitstamp’s pioneering efforts in this area, what it all means, and how customers benefit.
Full ID verification is required - see the quick video guide here:
And for the answers to many of your other questions, they have one of the better FAQ out there.
Previous posts in this series:
HowTo Buy Crypto – Part 1: LiteBit
HowTo Buy Crypto – Part 2: Coinbase
HowTo Buy Crypto – Part 3: GDAX
HowTo Buy Crypto – Part 4: Kraken
Read the "The Dos and Don’ts" here if you're not aware of my rules.
An excellent overview and Bitstamp is one of the few exchanges to which you can make money using traditional payment methods, such as bank cards. Thus, you can use Bitstamp to buy bitcoins, which you can then dispose of at your own discretion. Directly trading on the exchange is carried out in the tab Buy / Sell. The platform, at first glance, seems somewhat overloaded with information, although in fact all the tabs present are necessary for conducting high-quality trade. Traders can use popular indicators and additional tools for building price charts. From the orders are available four types: Instant, Market, Stop and Limit. Analyzing Bitstamp it is worthwhile to emphasize once again the availability of a license. Still, for similar exchanges, the availability of a detailed document is rare, and therefore the level of confidence in the site increases at times. In addition, registration data is not hidden, as is the actual location of the exchange. There is an opportunity to contact specialists, either via e-mail or by phone, which is also a big rarity for crypto-exchange exchanges. Usually, such companies try to hide all possible contacts. Thank you @cryptographic
Very important point you make there, and a very big plus for the exchanges and commercial brokers that do interact on the "human" level.
Totally agree with you, this is a very important point!
https://www.techradar.com/how-to/how-to-buy-bitcoins-with-bitstamp
Excellent.
Thank you for your support
Sorry Sir without your permission i share your post ...
https://steemit.com/cryptocurrency/@jcobs/how-to-buy-cryptocurrency-by--cryptographic
Hello @cryptographic,
Extraordinary good idea to discuss & review of BitStamp. For me it's a well reputed exchanges & few times I made Fiat to Crypto (BTC) transactions with them. They work smoothly & never made me worry about their services. It's a good option to buy crypto (limited set of currencies) by using the favorite bank transaction method credit cards.
Beginner Friendly: Yes (It depends)
Mobile App: Yes
Company Location: Luxembourg, Luxembourg; Slovenia
Company Launch: 2011
Deposit Methods: Bank Transfer, Credit Card, Cryptocurrency
Withdrawal Methods: Bank Transfer, Cryptocurrency
Available Cryptocurrencies: Bitcoin, Litecoin, Ethereum, and Ripple
Community Trust: Great
Security: Good
Fees: Low
Customer Support: Okay
Source: https://www.forexbrokerz.com/brokers/bitstamp-review
~@mywhale
I've found the information bitstamp is the Exchange that existed in the year 2011 and ever got a hack on January 5, 2015, although bitstamp still occupied the position of the world's largest Exchange bitcoin and included exchanges of Bitcoin world's first have a license from the Government to sell _ buy bitcoin.
Thanks @cryptographic
Hacked on Jan 4, 2015, they closed for a week, reopened and seemed to have regained most of their customer base since that time by reacting with a complete overhaul on every level from the trading platform itself to the way security is handled.
https://www.coindesk.com/unconfirmed-report-5-million-bitstamp-bitcoin-exchange/
Thanks for your explanation and that link..!! :)
This series is going great we are learning about many exchanges from every part of the world and the pros and the cons steemians adding their insights too great it is :)
Thanks a lot for sharing about the bItstamp exchange :)
It is fascinating to watch how the banks are starting to limit what people can do with crypto. The credit card purchases of crypto might well be a thing of the past. It appears most are getting rid of them and banning it.
While I agree with this on one level since people should not be floating crypto on a credit card if they dont have the money, for many it is a quick way to get in. But the banks are doing this as a means of control, not to protect their customers.
By the way, I wrote a post about BitsFarm which will go live in March...a game on the Bitshares network. ...could it be Bitshares cryptokitty?
I like this exchange. Bitstamp is an official and registered in the European Union Stock Exchange. The main trading pair (even one can only say) is BTCUSD. Of the pluses - she never noticed such problems with insider trading as kraken \ poloniex and тп, where in the midst of trading there is a lot of lags, after which a candle pays out the whole glass, and the management of the exchange then writes that we were attacked by hackers and we are not in cases So, I did not watch the bitstamp of such problems.
The first nationally licensed Bitcoin exchange.
https://www.bitstamp.net/article/bitstamp-first-nationally-licensed-btc-exchange/
Thanks for the overview of all exchanges. I think the main advantage of bitstamp is that it is extremely trustworthy, being one of the space’s oldest exchanges after opening in 2011. Indeed, Bitstamp was originally created to compete with the now-infamous Mt. Gox exchange, so you can clearly see who won that competition and with API customization, investors can fine-tune how they use and facilitate their accounts. That’s a big perk for big-time traders. The user interface is a bit complicated and can prove slightly overwhelming for new users in the ecosystem
Very helpful post thanks for shere @cryptographic