Bitstamp
Briefly About the Platform
Established in 2011, Bitstamp has emerged as a distinguished platform, accommodating a user base exceeding 4 million clients spanning over 100 countries. As of January 2024, the platform proudly records a daily trading volume that surpasses $350 million, attesting to its enduring prominence in the dynamic global cryptocurrency exchange landscape. This substantial user base and trading volume underscore Bitstamp's position as a steadfast and influential participant in the industry.
Bitstamp offers users convenient access to cryptocurrency transactions through various channels, allowing them to trade directly on the web platform, utilize the mobile app, or access the API. The exchange distinguishes itself through its commitment to security, compliance, and transparency evident in its impressive AA rating in CryptoCompare's Exchange Benchmark report.
Bitstamp is licensed in 50 countries, including an EU PI License and a New York BitLicense. One of the biggest Big 4 audit companies regularly carried out audits for the exchange. 95% of funds are held offline; in addition, the exchange provides insurance for users' holdings. Bitstamp keeps client holdings apart from corporate funds, making sure clients’ assets always belong to clients. Bitstamp prioritizes customer security, emphasizing the assurance that crypto assets unequivocally belong to their respective owners.
Founders
Established in 2011 in the Slovenian town of Kranj, Bitstamp was founded by Damian Merlak and Nejc Kodrič. A noteworthy milestone occurred in 2018 when the NXMH investment group managing assets exceeding €2 billion acquired an 80% stake in Bitstamp. NXMH specializes in investments in burgeoning European enterprises, aligning with Bitstamp's commitment to sustained growth and innovation.
Bitstamp is now overseen by a team of seven professionals possessing extensive expertise in conventional and decentralized finance. Their primary focus is on ensuring regulatory compliance.
Available Assets
Bitstamp supports over 80 digital assets, selected and approved with scrutiny, including BTC, USDC, XRP, ETH, LTC, USDT, and others.
Fees
Bitstamp fee structure is calculated based on users’ 30-day trading volume. To help enhance crypto accessibility, Bitstamp waives fees for the initial $1,000 traded within 30 days. Fees commence at 0.3% to 0.4% for volumes up to $10,000 and progressively decrease with higher volumes. Trading commissions for fiat and stablecoin transactions are 80% lower compared to other pairs.
Additionally, the platform applies a fixed 15% fee on staking rewards. For the most current and comprehensive information on fees, users can refer to the Bitstamp fee schedule.
Leverage on Bitstamp
As of now, Bitstamp does not provide support for margin or leveraged trading options.
CEO Bitstamp