Bitstamp pros and cons Pros: Accepts debit/credit cards and bank transfers Available to all countries (if depositing with crypto) 24/7 phone support Good selection of charting tools Cons: Supports 54 cryptocurrencies, fewer than major exchanges Unable to go-short No live chat facility Limited number of supported countries for debit/credit card deposits Slow verification Bitstamp is one of the most established cryptocurrency exchanges in the industry. Launched way back in 2011, the platform allows users to buy, sell and trade different cryptocurrencies. Bitstamp is also hugely popular because they allow you to buy cryptocurrencies using fiat currencies such as USD and EUR. If you’re thinking about opening an account with Bitstamp for your cryptocurrency trading needs, then be sure to read our comprehensive guide first. We’ll cover everything you need to know, such as fees, security, user-friendliness and more. eToro - Our Recommended Crypto Platform Our Rating ASIC, CySEC and FCA regulated - 20 Million Users Worldwide Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort Free Demo Account, Social Trading Community Free Secure Wallet - Unlosable Private Key Staking Rewards for holding ETH, ADA or TRX Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit Buy Crypto 68% of retail investor accounts lose money when trading CFDs with this provider. On this Page:Contents [show] If you don’t have the time to read the entire review, then as an overview, we should note that Bitstamp offers an easy-to-use and secure cryptocurrency trading platform but we recommend Coinbase. Keep on reading to find out why. What is Bitstamp? Bitstamp is a cryptocurrency exchanges that is headquartered in Luxemburg. Although the platform originally focused on E.U. clients, it now offers its services on a global basis. The Bitstamp exchange allows you to buy and sell different cryptocurrencies, and you can deposit and withdraw funds using everyday payment methods such as a debit/credit card or bank account. As the platform has been in operation since 2011, it is one of the most long-standing exchanges in the Bitcoin trading scene. At the time of writing, Bitstamp averages a trading volume of around $40 million per day. This is significantly lower in comparison to other exchanges such as Coinbase, Bitoasis, or Kucoin. How does Bitstamp Work? Bitstamp operates in a similar manner to other leading cryptocurrency exchanges in the industry. Once you open an account and deposit funds, you’ll have the option of buying and selling coins. The platform itself is essentially a third party intermediary between buyers and sellers. As such, when you buy crypto at Bitstamp, you’re not actually purchasing it directly from the exchange. Instead, you are buying coins from another person, of which Bitstamp facilitates. In return for matching buyers and sellers, Bitstamp charges users trading fees. This allows the platform to offers its services without disruption. Unlike other leading cryptocurrency platforms, Bitstamp only allows to go-long. This means that while you have the option of making a profit if you think a cryptocurrency will increase in value, you can’t repeat the process if you think the markets will fall. This is a major disadvantage, as day trading professionals operating in the cryptocurrency markets like to have the option of going both long and short. Best Cryptocurrency Exchange in May 2022 Invest$=Paxos StandardPaxos StandardStellarXRPLitecoinEthereumBitcoin CashBitcoinMonaCoinAugurBancor Network TokenGolem Network TokenMakerGnosisAragonBasic Attention TokenStatus Network TokenCrypto.comStorjDecentralandUtrustEnjin CoinChainlinkUSD CoinBitTorrentHedgeTradeQuantMatic NetworkOcean ProtocolAlgorandSwipeOrchid ProtocolMulti Collateral DaiCyberVeinHedera HashgraphUniBrightLoopring0xHiveRevainNervos NetworkSynthetixTetherCompoundCeloKusamaVergeTerraBitcoin GoldSteemKomodoEthereum ClassicZCashVeChainZilliqaTRONTezosSiacoinRavencoinQTUMOntologyOMG NetworkNEONEMMoneroLiskIOTAIOS tokenICON ProjectFantomEOSDogecoinDecredDashCosmosCardanoBitsharesBitcoin SVWavesyearn.financeKyber NetworkPAX GoldKavaBalancerCurve DAO TokenNanoBand ProtocolUMAStoxRENRIF TokenReserve RightsEnergy Web TokenFTX TokenElectroneumCelsius NetworkThorchainAaveSerumSushiBinance CoinHeliumZBChilizElrondAvalancheTomoChainDFI.moneyBitcoin DiamondThetaHuobi TokenBlockstackPolkadotStacksSolaSolanaStratisPlusCoinPolygonMachine Xchange CoinUniswap Protocol TokenHoloWrapped BitcoinThe GraphDaixDai ChainShiba InuSafeMoon1inchThe SandboxAxie Infinity ShardsHoge FinanceAlien WorldsYield Guild GamesAnkr NetworkHydro ProtocolOasis LabsRaydiumIlluviumRender TokenGalaTravalaPancakeSwapEthernity ChainHarmonyiEx.ecNumeraireaelfABBC CoinArdorAmpleforthCrypto.com Chain TokenArweaveWorldwide Asset eXchangeHorizenBytomGatechain TokenJUSTHyperCashNEXOFloki InuRefreshMore Filters1 Providers that match your filtersSort ByRatingRatingPrice1 Providers that match your filters Payment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofortFeaturesInstant VerificationFor BeginnersWallet ServiceMobile AppUsabilityVery GoodGoodAverageBadSupportVery GoodGoodAverageBadFees0 or betterSafety0 or betterCoin selection0 or betterRating0 or betterClear FilterRatingfor $1000 you get0.0329 BTCWhat we likeEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionfor $1000 you get0.0329 BTCBuy CryptoRead Review68% of retail CFD accounts lose money.FeaturesPayment methods Bitstamp alternatives Visit Site68% of retail CFD accounts lose money.Visit SiteAs prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.Visit Site74% of retail investor accounts lose money when trading CFDs with this provider.Visit SiteThe price and value of any investment in digital asset products can fluctuate.Visit SiteThe traded price of digital tokens can fluctuate greatly within a short period of time.Visit SiteMarket prices for digital tokens can be volatile and highly unpredictable.Visit SiteAs with any asset, the values of digital currencies may fluctuate significantly.Visit SiteThe value of digital currencies can go up or down frequently.Visit Site71% of retail CFD accounts lose money.Rating5.04.94.74.74.64.54.44.34.1Mobile App Rating10/1010/109/109/108/108/109/109/109/10FeaturesMobile AppWalletNumber of Coins13410859223412465215FeesTrading FeesSpreads0.2%Spreads0.1%0.1%0.1%0.1%0.50%SpreadsDeposit FeesN/AN/AN/AN/AN/AN/AN/AN/AN/AWithdrawal Fees$5N/AN/A0.0005 BTCN/AN/AN/AN/AN/AExtrasRegulatedASIC, CySEC, FCAN/ACySECN/AN/AN/AFCAFCACBI, MiFIDMin. Deposit$50N/A100 EURN/AN/A$10$10$2$100Leveraged TradingN/A1-200xN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30xLatest Prices (per Coin)Bitcoin$30374.69$40377.55$30493.14$30394.43$40391.88$40393.04$40404.41$40416.27$30477.95Ethereum$2107.65$2795.54$2082.83$2069.90$2796.11$2795.55$2797.45$2796.59$2075.59XRP$0.44$0.78$0.43N/A$0.23N/A$0.78$0.30$0.43Tether$1.00N/AN/A$1.00$1.00N/AN/A$1.00N/ALitecoin$71.45$108.99$70.47N/A$109.04N/A$109.10$109.04$70.54Bitcoin Cash$207.36$294.96$206.14N/A$506.41N/A$295.12$295.07$206.03Chainlink$7.70$14.68$7.72N/A$14.26N/A$14.68$14.67$7.82Cardano$0.59$0.83$0.59N/A$0.83N/A$0.83$0.83N/AIOTA$0.40$0.70$0.39$0.39N/A$0.70$1.91$1.91$0.39Binance Coin