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Bitstamp is based in London and offers a beginner-friendly exchange. Trading fees are rather high compared to other exchanges and the selection of coins is very limited.

Target User

Beginners

Coins

21

Trading fees

high

Fiat Withdrawal Fees

low

Security

Countries

200+

Languages

EN

Pros

The user interface is well-suited for beginners

User Interface
Cooperation with Custodian Bitgo, which has a solid reputation and insures user funds

Insurance
Low fiat withdrawal fees

Fees
Convenient Lite Trading Mode for simplified trading

Lite Trading

All pros

Cons

Small selection of coins and tokens available for trading

Coins
High Trading fees

Fees
The exchange was hacked in 2015

Hacks

An average exchange

Bitstamp CryptoStudio rating is rather average as the exchange does offer significant advantages over other exchanges but has a few drawbacks: Trading fees are high, there are not many coins available for trading, english is the only language option, customer support options are limited. An advantage of Bitstamp are low fiat withdrawal fees and that they work with Bitgo, a safe and legit custodian with insurance and a good reputation.

Bitstamp in the CryptoStudio-Check

Overview
Exchange functionalities
Fiat deposits and withdrawals
Security
User Experience

Overview

Platform Score

based on 5 categories

Exchange functionalities

based on 5 criteria

Fiat deposits and withdrawals

based on 5 criteria

Security

based on 5 criteria

User experience

based on 7 criteria

Pros

The user interface is well-suited for beginners

User Interface

Cooperation with Custodian Bitgo, which has a solid reputation and insures user funds

Insurance

Low fiat withdrawal fees

Fees

Convenient Lite Trading Mode for simplified trading

Lite Trading

Cons

Small selection of coins and tokens available for trading

Coins

High Trading fees

Fees

The exchange was hacked in 2015

Hacks

Exchange functionalities

Rating:

Amount of coins/tokens:

21

Trading Fees:

high

Margin Trading:

Bitstamp doesn't offer Margin Trading

Lite Trading:

Bitstamp lite mode allows users to easily sell and buy crypto without reading a complex chart or handling complex order types. Still, the lite mode lets users choose whether to place a limit or a market order

DCA-Plans:

Bitstamp does not offer any DCA plans

Attention: Outdated Information!

Fiat deposits and withdrawals

Rating:

Fiat deposit limits:

No deposit limits for verified accounts

Fiat withdrawal limits:

Bitstamp doesn't list any withdrawal limits

Withdrawal fees:

low

Payment methods:

Bank deposits (SEPA, ACH and wire transfer), credit card, debit card

Withdrawal methods:

Bank deposits ((SEPA, ACH, wire transfer)

Attention: Outdated Information!

Security

Rating:

Security features:

2-factor-authentication, email confirmations, withdrawal address whitelisting

Insurance:

Bitstamp works with the custodian BitGo which has an insurance policy for cold storage. Additionally, a crime insurance policy supplements existing insurance of assets held in cold storage by insuring assets online and offline against crime

Crypto Storage:

Bitstamp claims to keep approximately 98% of all digital assets stored offline

Company Headquarter:

Bitstamp is headquartered in London

Security Hacks:

In January 2015, 19,000 BTC were stolen from Bitstamp (worth $5m)

Attention: Outdated Information!

User Experience

Rating:

User interface:

Bitstamp offers a convenient and easy-to-use interface with an beginner as well as an expert mode. Overall, the platforms seems to be well thought through and accessible to beginners as well as advanced users

Onboarding:

Straightforward via the website or app; ID and proof of residence needed

Mobile/Desktop App:

Standalone mobile app & desktop app are available

Language options:

Only english

Availability:

About 80 countries including 28 EU countries, Australia, Switzerland, Brazil, China, South Africa, South Korea and the U.S.

Customer service:

FAQ & support center, email , phone support, support provides fast response and detailed answers

Investor Education:

The website explains the functionalities of the exchange but does not provide much information regarding cryptocurrency investing in general

Attention: Outdated Information!

Bitstamp is suitable for beginners

Bitstamp is suitable for beginners as the user interface and app are relatively simple. The exchange also offers a Lite Trading Mode for easy buying in selling. Unfortunately Bitstamp offers very little investor education.