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Bitstamp Review 2019 – Is it Still Legit? What You Need to Know

► Long form review:

Bitstamp is a cryptocurrency exchange that has been around for quite some time having been founded in Europe in 2011.

They are well known by European traders as being an effective fiat gateway and a great way for them to exchange their Euros for crypto. They have a great deal of funding options for Euros including SEPA, Swift, Wire and card payments.

Bitstamp has been the target of a hack in the past whereby they managed to steal a large number of coins. However, this did not result in any customer funds being lost and the exchange managed to recover. They have also used it as an opportunity to beef up their security and not had any issues since.

Bitstamp offers trading for Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Ripple. These are available in both EUR and USD.

Trading fees at Bitstamp are dynamic and will adjust based on your previous 30 days volume. These will start at 0.25% for volumes that are below $20,000 and will go down to 0.10% for volume that is above $20m.

Bitstamp is also a full KYC exchange. This means that you will fully have to identify yourself if you would like to use their exchange. Verification times were quite high during the bull market but these have come down recently.

There are a range of customer support options that are available at Bitstamp and these range from a simple contact form to a dedicated phone line in both their UK and Estonian office.

The trading platform at Bitstamp is quite advanced and has a number of different features. The charting that they use is the tradingview software which is well known to numerous traders in the industry.

There is also a Bitstmap mobile application for those traders who cannot be in front of their PCs the whole time. This is available on Android and iPhone.

In summary, Bitstamp is a pretty advanced trading platform that is an effective way for European traders to get their hands on a range of the top coins. While they may have suffered a hack in the past, they managed to effectively recover and build a great platform.

This is for informational purposes only. Coin Bureau does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Rates and terms set on third-party websites are subject to change without notice.

Source: Coin Bureau

22 Responses

  1. I found that BITSTAMP is a scam. I also invested on their platform and after they kept asking me for kyc I got suspicious and did not invest more. They did not give me my investment (50,000 €) nor profits back. I found recoverwealthnow360 at g mail dot com before I they could drain me. I reported the situation and got a settlement claim (Investments + profits + damages).
    Now before I do anything with my newly returned wealth, I am thinking of minimizing the damage. Does anyone scammed by BITSTAMP had to take a loss? No! Because we have help. I would probably have lost my investment without hearing that recoverywealthnow360 ad on the Radio. But I want to minimize the damage now I have successfully received my claim to withdraw my investment

  2. This firm is a scam I got ripped off , they don't allow withdrawal…but I got my money retrieved by Claudia. You can as well reach her for assistance via claudiafranziska14 @ Gmail . Com…pls stay clear off this firm!!!!

  3. Thank you for sharing. 🤝 While scrolling through Google News, I stumbled upon BitStamp which I never really pay much attention to. Lately, I've been searching for crypto exchanges that support Ripple – XRP, Stellar Lumens, Civic, Cardano, Polkadot, Finxflo, Numeraire, NuCypher, Filecoin, Uma, etc. But BitStamp seems to limited in the cryptocurrencies it currently supports on its platform.

    🤔 Based on its schedule fees, it looks like it's mostly for crypto options traders. Binance.US would've been somewhat ideal, however, it's not available in my region.

  4. I bought bitcoin from bitstamp 2 1/2 weeks ago and my money has been frozen. I call them daily and they give me no answers as to why it is frozen. It is quite a large some of money. I don't have any idea why it is frozen and I get no answers as to why they are holding my funds. I told them to return my funds and they won't even answer me on that. I think it is a scam myself.

  5. Do not use Bitstamp. I was ripped off by them and so have a lot of other people. I've had an account with them for years but signed in with a new IP because I was traveling. They put a freeze on my account. The problem is that they do not allow me to unfreeze it. I call them every day and I email them every day and am told that someone from their security department will 'get back to me'. They never do. That's the problem. They never get back to me to unfreeze the account. So I have no access to my $10,000 of bitcoins. They keep them and freeze me out. They are in London so I have no recourse or way to force them to give me back my money. I'm screwed. Do not do business with a company that so callously treats their customers and literally steals their accounts.

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