Is Trading On Bitstamp Cryptocurrency Exchange Safe?

bitstamp crypto exchange review

Reputation and experience are the two pillars that hold every brand. Being consistent over the years builds the reputation of a brand among customers. Bitstamp has been able to provide excellent trading services to customers over the years consistently.

What Is Bitstamp?

Bitstamp is a cryptocurrency exchange that was founded in the year 2011 by Nejc Kodrič in and Damijan Merlak. After its launch, it built on its European user base consistently until it became one of the most popular choices in the industry globally. The cryptocurrency exchange has offices in different locations around the globe.

How the Cryptocurrency Exchange Bitstamp Works

Bitstamp offers crypto trading solutions to clients on a global scale. It offers experienced and intermediate traders an option to purchase more established cryptocurrencies with fiat money. The fees for exchanging large amounts of digital currency is relatively low compared to its competitors. The website has all the important data on orders and prices and also displays updates of balances and charts for guidance. There is also a mobile app for iOS and Android devices.

Getting Started

When you visit the official website, you need to create your account by following the steps you see on the screen. You will have to input your email address, name, resident country, and preferred password. After you finish the first step, you will receive an email confirming that the registration was completed successfully. You’ll also be given a unique ID and password. You can change your password after you log in. After that, you will be prompted to enable 2-factor authentication to add a layer of security to your account. The next step will be to verify your account.

The Verdict?

Bitstamp is a good cryptocurrency exchange for institutions and individuals who are interested in trading core cryptocurrencies in USD and Euros. It is completely safe to use, has high liquidity and volume. It also has a low fee structure. However, it supports limited cryptocurrencies and doesn’t have margin trading enabled.


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