In the crypto community in particular and the digital currency world in general with many big names on exchanges like Binance, Huobi, Coinbase…, Bitstamp is mentioned as one of the great exchanges. Great with many useful and user-friendly utilities, along with very good security methods.
Today I would like to introduce more details about this trading platform to you.
What is Bitstamp Exchange?
This is a fairly well-known exchange and has a long history in the cryptocurrency market.
It has been operating since 2011 and became very famous when it competed with the Mt Gox exchange at that time. The exchange was founded by Nejc Kodric and Damijan Merlak in Slovenia. In 2013, Bitstamp moved some of its operations to London.
It can be said that Bitstamp is a reputable and very popular platform in the Crypto market. When it was licensed to operate in April 2016 in Luxembourg, it was approved to operate and comply with the financial laws of the local government. Along with that it has been licensed in all 28 EU countries.
Review of Bitstamp . exchange
Advantage
- Allows trading of popular coins such as Bitcoin, Ethereum, Litecoin, Ripple, bitcoin cash, Euro, Dollar.
- Deposit via SEPA and bank in USD and EUR.
- SEPA (Single Euro Payments Area): is defined in detail at https://g.co/kgs/5MF7Rk.
- Low transaction fees.
- Fast, almost instant withdrawals.
- Secure two-layer security.
- Deposits via Rippe and Astronpay are accepted.
- Buy and sell Bitcoin via API, tradeview interface.
- App support on smartphones: IOS, android.
Defect
- Not really diversified and there are many coins traded on the exchange. Currently, the new exchange only supports BTC, LTC, XRP, ETH, BCH, EUR, USD and 15 main web trading pairs with 3 base currencies BTC, EUR, USD.
- The mobile version is often slow to update and sometimes doesn’t have the same features as the main website.
Next, I would like to introduce in detail how to create a Bitstamp exchange account. It’s very simple, let’s do it together.
Instructions to register for an account on Bitstamp
Preparation before registering for Bitstamp
In order for the registration & KYC process to be quick, you should prepare a few things as follows:
- Email address.
- Phone number for registration.
- Identity card or Passport or Driver’s License.
- Utility bills such as Gas, electricity or water or bank statements. Remember the time is no more than 6 months.
Register an account on Bitstamp
You can access the link: https://www.bitstamp.net/
At the registration interface, you need to follow these steps:
Source: What is Bitstamp? Instructions for using Bitstamp from AZ (2022)
– TechtipsnReview
