What is bitstamp? Bitstamp brochure from AZ

By Jade Vo | Exchanges

What is bitstamp

In the cryptocurrency community in particular and the world of digital currencies in general with many big names of major exchanges such as Binance, Houbi, Coinbase ... Bitstamp is mentioned as one of the extremely excellent exchanges. with lots of user-friendly and versatile utilities, along with very good security practices.

Today, I would like to introduce to you in a more detailed and specific way about this exchange.

This is a well-known exchange and has a long history in the cryptocurrency market.

It has been in operation since 2011 and became very famous when it competed with Mt Gox at the time. The floor 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 prestigious and very popular platform in the Crypto market. When it was granted a license to operate in April 04 in Luxembourg, it was approved to operate and comply with the local government's financial laws.

Along with that, it has been licensed in all 28 European Union countries.

Review Bitstamp floor

Advantages
  • Allows trading of popular coins like Bitcoin, Ethereum, Litecoin, Ripple, bitcoin cash, Euro, Dollar.
  • Deposit funds via SEPA and banks in USD and EUR.
  • SEPA (Single Euro Payments Area): is defined in detail at: https://g.co/kgs/5MF7Rk
  • Low transaction fees.
  • Quick money withdrawal, almost instantly.
  • Two-layer security
  • Sending money via Rippe and Astronpay is accepted.
  • Buy and sell Bitcoin via API, tradeview interface.
  • There is App support on smartphones: IOS, android.
Defect
  • Not really diversified and there are many coins trading on the floor. Currently, the exchange only supports BTC, LTC, XRP, ETH, BCH, EUR, USD and 15 pairs of main web trading with three basic currencies: BTC, EUR, USD.
  • With the mobile version, updates are often slow and sometimes do not have the same features as the main website.

In the next section, I will guide in detail how to create a Bitstamp floor account.

Instruction to register a Bitstamp floor account

Prepare before registering Bitstamp floor

In order for the registration process & KYC to take place quickly, you should prepare some things as follows:

  • Email address.
  • Phone number to register.
  • Identity card or Passport or Driver's License.
  • Utility bills such as Gas, utilities and bank statements. Note that the time does not exceed 6 months.
Sign up for an account on Bitstamp

You access the link: https://www.bitstamp.net/

At the registration interface, you need to follow these steps:

Step 1: Click "Register" to be ready to open a new account. If you already have an account on this floor then you can skip this step and can login immediately to the floor.

Step 2: You can choose one of the two forms of registration as an individual or an organization.

Step 3: Remember to fill in all the necessary information exactly. This will be the premise for you to complete that Identity Verification (KYC) procedure:

  • First name: Last name and surname.
  • Last name: Your name.
  • Enter your email: Enter the gmail address that you want to use to log in to the floor!
  • Check “I Agree bitstamps Terms of Use and Privacy Policy”.

Step 4: Click "Continue" and finished the floor registration.

Confirm the link again in the mailbox to Email.

Step 5: This is an important step so that your brokers' s account can hardly be logged in.

note: Restrict to save passwords normally or related to your date of birth. Please choose a password with 8 characters or more, the first letter should be capitalized, combine numbers and special characters!

After setting a satisfactory password, click "Continue".

Verify KYC identity on Bitstamp

You should prepare some necessary documents to verify your identity (KYC), including ID cards, Driver's License, Passport.

Because now with the government regulations to tighten money laundering, I think this is a necessary step to do.

You need to fill out the information:

  • [1] The name of the country you are currently living in. For brothers and sisters, we choose Vietnam.
  • [2] The address of your brother.
  • [3] The city where you live.
  • [4] Postal code. For those of you who do not yet know the postal code, you can refer to the article below to determine the postal code corresponding to the province / city where you live.

Click continue and confirm the phone number.

note: For brothers and sisters in Vietnam, the prefix will be +84 and phone number (remember to remove the leading zero).

After that, the 4-digit code will be sent to your registered phone number. Remember to enter it correctly and correctly!

So you have finished verifying the phone number at Bitstamp.

Choose one of the verification forms:

  • [1] Passport.
  • [2] Driver's license.
  • [3] Identification card

For me, I will use ID card to KYC. You can optionally choose one of the three documents above and the verifications are exactly the same.

Some attention to the brothers do KYC faster:

  • Images can be uploaded or taken directly (if using a phone or laptop with a camera for KYC).
  • The exchange will send a confirmation code to your registered phone number and enter it. Or click directly on the link in the message.

The verification time is usually very quick, about 5-10 minutes is the identity verification process was successful.

2FA authentication on Bitstamp

Protect your floor account by setting up 2FA security.

Brothers install the application Google Authenticator on mobile devices. Then, continue to click Setup 2FA as shown below and follow the instructions.

Instructions for using Bitstamp floor

How to deposit money into Bitstamp floor account

Some ways for you to quickly deposit money into Bitstamp:

For example: Here's how to deposit in USD:

  • Fill in information such as name, phone number and Email. Bitstamp will send you a link.
  • Continue to input the 4 floor codes sent to the phone.
  • Enter the currency, amount & content of the transfer.
  • Done.
How to withdraw money from Bitstamp floor account

With the withdrawal at the floor also has a lot of options. Personally, I should withdraw coins. Because withdrawing coins will be easy - fast - cheap. I will take ETH for example, other coins are similar:

  • Select item Withdrawal.
  • Paste the address of the ETH wallet to withdraw.
  • Enter the amount with Withdrawal.

Buy and sell Bitcoin at Bitstamp

You can choose one of the ways to buy or sell BTC such as:

  • Instant
  • Limit Order
  • Market Order
  • Stop Order

For those who want to buy / sell immediately (instant) does not need to rely on graph charts, it is entirely possible to choose this form.

  • Select the Buy / Sell form.
  • Enter the amount of money to purchase.
  • The purchase price will be the best price currently offered by Bitstamp.
  • Then complete the purchase by clicking Buy / Sell.
  • Done.

Frequently asked questions when using Bitstamp

Does Bitstamp charge a transaction fee via credit card (Credit Card)?

Have!

Exchange will charge 5% for each transaction made by credit card (Credit Card).

What is the debit card fee (Debit Card)?

Usually 10 USD per withdrawal.

Is there any fee when making international bank transfers for floor deposits?

Have!

Making an international bank transfer will incur a fluctuating fee of 0.05% -0.09% for deposits.

A fee of EUR 90 for withdrawals when you use EUR and are currently living in Europe.

Transaction fee at the floor: Small transaction is 0.25% per transaction, this fee will be gradually reduced to 0.1% for transactions over EUR 18 million in 30 days.

Where is the problem related to contact support?

You can access immediately at the address: http://www.bitstamp.net/support to receive support from the floor team offline.

Which coins are supported to deposit at the floor?

BTC, ETH, XRP, BCH, LTC. This process is done very quickly and almost no withdrawal fees offline.

Should I trade on Bitstamp?

Have. Because this is a large exchange, with a long history in the field of Crypto. Large liquidity, very suitable for those individuals and organizations using USD or EUR.

Is Bitstamp safe and reliable?

Have. Moreover, the exchange has good account security mechanisms by offline coin storage and a very fast, friendly support team.

In addition, the exchange has insurance for deposits as well as mandatory implementation of 2FA and SMS security mechanisms for users.

How much is the exchange fee on Bitstamp?
  • For small transactions, traders have to pay 0.25% for each transaction. Transaction fees will be reduced with transactions over EUR 18.000 over 30 days. Fees will continue to drop for traders who make transactions over 18 million EUR in 30 days, in which case the translator only needs to pay the transaction fee of 0.10%.
  • EUR / USD transactions have a fee of 0.20%.
  • The fee for transferring money from your Bitstamp account to your card is USD 10 in cash for USD 1.000. For transfers over USD 1.000, you will be charged 2%. The purchase fee (on-line or online) is USD 0.35, no SEPA deposit fee, SEPA withdrawal fee is EUR 0.90.
  • Buying a credit card costs 8%, and the fee will be reduced to 5% if you buy over 5000 USD / 5000 EUR.
  • Deposit and withdraw money with no fees.
What are the deposit / withdrawal fees on Bitstamp?

It can be said that the deposit / withdrawal fee at the floor is extremely low, almost insignificant. If there is a withdrawal fee, the exchange only charges miner confirmation on the Blockchain network. Specifically:

  • BTC-BCH: 0.0005 / time
  • ETH-LTC: 0.001 / time
  • XRP: 0.02 / time
Has Bitstamp been hacked yet?

Had been!

Since its operation until now, in addition to the 2015 hack with 19000BTC stolen, the floor has not recorded a similar incident so far.

Does Bitstamp have maintenance errors?

Currently the exchange is very good, very rare errors are too large related to floor maintenance.

Bitstamp floor of any country?

The hometown of the floor is in Slovenia. Headquartered in Luxembourg and licensed in 28 European countries.

What is Bitstamp exchange?

Bitstamp has not issued a coin yet. If there is an official notice from the exchange, I will update you as soon as possible.

Does Bitstamp support Vietnam?

Currently, the floor does not have a branch in Vietnam, so sometimes Vietnamese users will encounter some difficulties.

If you have any problems, please select the English language to contact the support team of the floor.

What is the withdrawal limit on Bitstamp?

Currently, there is no specific withdrawal limit for each coin and money at the exchange. This mechanism will be updated soonest in a near future.

Does Bitstamp have apps on Android and iOS?

Have. You can go to CHPlay or IOS to download the app's app!

What types of transactions does Bitstamp support?

On the exchange, there are 15 trading pairs based on three core trading coins: USD, EUR, BTC. In the future, the exchange will develop new trading pairs such as:

Does Bitstamp have an IEO?

There is currently no announcement for the IEO release.

Epilogue

Bitstamp is a long-standing platform, suitable for the majority of individuals and organizations trading cryptocurrencies through USD, EUR. This is a quite reputable floor and is used by a lot of users today.

I hope the information above will be very helpful and will help a part for those who want to participate in trading at Bitstamp.

Don't forget to visit our channel for the latest news and the latest developments in the coin market and industry insights!

Hello and see you again in the next article!

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