Check out everything about Bitstamp: is it safe or reliable? Learn how to trade: does selling or buying bitcoin on Bitstamp really work? See the truth that you need to know about Bitstamp: is it good? how to use Bitstamp, fees and much more. Well, let's get to what interests us:
What is Bitstamp and how to use it?
Good, Bitstamp classified among the best exchanges With the largest trading volume in the world, Bitstamp is a cryptocurrency platform that offers both the Euro and the US Dollar. Backed by a real bank that manages real currencies, Bitstamp processes an impressive volume of daily exchanges. However, opinions about Bitstamp are divided between positive and negative. What could be the reasons?
Bitstamp positive points:
* An exchange licensed in Europe (your coins are safer);
*. Attractive prices (almost non-existent fees)
*. Higher than average volumes;
*.Free SEPA deposits
*.Provides the following major trading pairs: Bitcoin, Ether, Litecoin and Ripple
*. Possibility to withdraw or buy cryptocurrencies using credit/debit card
Bitstamp complaints here: Weaknesses
*. Document verification is required;
*.Waiting time before document validation is considered a little long;
*.Less convenient than the Coinbase to buy cryptocurrencies with dollars (dollar/crypto);
*.More expensive than the Binance or others exchanges to trade cryptos => cryptos
Is Bitstamp safe or reliable?
Since 2016, Bitstamp has been approved as a payment institution by the Ministry of Finance. This license has allowed it to expand its services throughout Europe. As for account security, Bitstamp asks you to send contact information every time you open a new account, which will then be transferred to Unicredit Bank. Otherwise, the authentication during connection is also really reliable. In addition to the password that you will have to enter during connection, an SMS with a secret code will also be sent to you. Or, to make things easier, you can use Google Authenticator, which prevents any fraud attempts. Knowing that Bitstamp is safe, reliable, and a good exchange that accepts credit cards with one of the largest trading volumes in the world.
Bitstamp how does it work?
If you want to use Bitstamp, the first step is register here To make a first deposit, you must first prove your identity by providing your contact details. These must be supported by a photocopy of your ID or passport and a proof of residence. Once these steps have been followed, you will be able to deposit money via bank transfer to an online wallet.
Bitstamp fees and payment methods:
The commission rate on Bitstamp is between 0.10 and 0.25%, depending on the accumulated purchase amount.
Payment methods:
*.Bank card: 8% of the total amount
*.SEPA Lower Bank Transfer: free
*.SEPA bank transfer: €0.90
Use: With Bitstamp, in addition to buying bitcoins with fiat currencies, you can also convert your bitcoins into fiat or physical currency (Brazilian real, dollar, euro, etc.) and send them to your bank account using the transfer options.
Bitstamp Review: Buying Tutorial
After creating your account, you will only have to deposit your first dollars or euros, which will be converted into Bitcoins as simply as that. If you do not intend to trade or sell cryptocurrencies on Bitstamp is highly recommended transfer your digital currencies to one of the best cryptocurrency wallets.
Useful Links:
*. Top Cryptocurrency Exchanges
*. Ways to Earn Free Bitcoins
*. Multiply your virtual coins here
Bitstamp: Conclusion
In summary, despite the long wait for document validation, which displeases many customers, Bitstamp is, however, one of the best cryptocurrency exchanges safe, reliable and most used in the world. To be able to really compare other exchange services, the easiest way would be to open an account, make your first deposit and judge for yourself! It is worth trying….