• 𝗕𝗶𝘁𝘀𝘁𝗮𝗺𝗽 𝗟𝗼𝗴𝗶𝗻

    How Bitstamp Compares to Other Cryptocurrency Companies

    Compared to some other exchanges, Bitstamp offers a narrow range of cryptocurrencies and has high fees, along with poor customer reviews. On the other hand, it has an above-and-beyond customer support feature (24/7 phone support).

    Bitstamp vs. Binance

    Bitstamp and Binance are each suitable for both beginner and advanced traders.

    • Binance has much lower fees, normally 0.1% per trade
    • Bitstamp offers 56 cryptocurrencies compared to Binance U.S. offering more than 80 and the version of Binance for other countries offering over 600.
    • Binance.US is FDIC-insured, while Bitstamplogin is not

    Both Bitstamp and Binance have charts and trading tools for traders of all kinds.

     

    Security

    In 2015, Bitstamp login suffered a high-profile hack in which it lost almost 19,000 BTC (about $5 million at the time).1 Since then, the company has put a lot of work into leveling up its security game.

    Bitstamp has implemented the following security features:

    • Two-factor authentication (2FA) via mobile authenticator app for key account activities
    • Email confirmation for all withdrawals

    These features are standard for many exchanges.

    On the server-side, Bitstamp takes the following measures to ensure its platform is secure:

    • Majority of user funds are held in cold storage, which is fully insured
    • Multi-signature hot wallets, which require more than one key to open
    • Periodic audits from one of the “Big 4” accounting firms

    Despite being hacked, Bitstamp is a secure and trustworthy exchange overall. It’s worth noting that the 2015 hack occurred as a result of a successful phishing attempt of company employees, and not a breach of Bitstamp’s physical systems.

     

    Trading Experience

    Bitstamp users can access the basic trading dashboard from the navigation bar at

    the top of the screen. The basic dashboard allows the most common types of transactions, like instant, market, stop, and limit orders.

    Just choose the crypto trading pair you’re interested in, and place an order on the right-hand side of the page.

    Crypto (and fiat) deposits and withdrawals can be performed from the basic trading dashboard as well. Payment methods can be managed from that same section. Bitstamp allows several payment methods: bank wire transfers, ACH transfers (U.S. only), SEPA transfers (Eurozone only), credit/debit cards, and crypto transfers.

     

    Along with placing orders and managing deposits/withdrawals, users can also stake certain assets through the dashboard. Bitstamp currently only allows you to stake two coins: ETH2 and ALGO. Although there are no direct fees for staking or unstaking, Bitstamp takes a 15% commission from the total user reward pool.

     

    Bitstamp Tradeview

    Bitstamp login advanced tradeview platform is designed for more experienced traders; it lets you perform the same order types as the basic Bitstamp platform, and fees are the same as well.

    Tradeview’s value comes from more in-depth analysis tools than the basic dashboard, like a depth chart and live updated order books. As the name implies, it provides a better view into crypto markets