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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Bitstamp is a long-standing and trusted exchange, appealing to both individual and institutional investors due to its strong security and regulatory oversight. While its reliability is a major advantage, the platform may feel outdated compared to newer alternatives, and its fees could be more competitive. Bitstamp is best suited for advanced users who prioritize security and trustworthiness but might not be ideal for beginners or those seeking a broader range of features.
Overview
Quick Facts
Bitstamp, created in 2011, ranks among the oldest and most substantial crypto exchanges globally. It is known for its reliability and security, serving both individual and institutional investors as a trusted trading hub.
Informations
Pro's & Con's
- High level of trust through long-term existence
- Regulated provider
- Separate trading view
- Might be complex for beginners
- Fees could be cheaper
Bitstamp
Features
Feature Overview
Unique Features
- Bitstamp Earn
- Trading view
Tradable Assets
- Cryptocurrencies
Trading Options
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Bitstamp
User Interface
Customer Reviews
-- reviews
/ 5 average rating fromWrite a Review
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Bitstamp
User Reviews
Users find the Bitstamp platform easy to use and understand. These users say the platform is simple and clean, making it ideal for beginners. Some users feel that an improved design would offer more customization options as well as more features to meet different user needs.
Bitstamp has garnered acclaim for both its extensive range of cryptocurrencies and its advanced trading capabilities, although the lack of altcoin choices has left users wanting. One of the features praised most often is the ability to deposit funds in euros or US dollars, which is particularly valuable if you live in Europe.
Beginners will find Bitstamp to be a great marketplace since it offers a user-friendly experience and is supported by comprehensive instructions. However the lack of sophisticated trading material have left some of users wanting more materials that can take them to the subsequent stage of trading with cryptocurrencies.
Bitstamp has a transparent fee policy which is appreciated by its customers, although many feel that those making smaller trades face relatively higher costs when compared to those trading on a larger scale. Customers feel secure in the knowledge that they know how much they will be charged in any given situation, but would like to see the exchange become more competitive in terms of its fee structure.
Experienced users find Bitstamp's security measures, including 2FA and cold storage, to be quite good. Despite a few hiccups in the past, which made many customers nervous, the opinion now is that these measures work well.
Bitstamp's customer support has received mixed reviews, with some users praising the quick and effective assistance, while others have faced slow response times and difficulty finding resolutions to their problems.
Bitstamp faces criticism for its high transaction fees for small trades and mixed reviews of its customer service quality. Users want a wider range of cryptocurrencies to trade and more features, but trust Bitstamp as a reliable platform that is also straightforward to use.
About
Bitstamp
Bitstamp
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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