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Bitstamp is one of the few crypto currency exchanges which accepts deposits directly from traditional payment methods. Te essence this service can be used to obtain Bitcoin (via a bankgebouw transfer or credit card) which you are then free to send.

The company, security of funds

Bitstamp Ltd. is the company behind this project. They have offices ter Luxembourg, London and Fresh York. More importantly, this is the very first fully licensed crypto currency exchange te Europe. It is regulated by the (Luxembourg Financial Industry Supervisory Commission, known spil the CSSF). Spil wij often warn against the risks involved ter dealing with unregulated or off-shore forex brokers, it is nice to see a company te the cryptoverse, which is registered with a watchdog.

The CSSF Licensing ensures the company periodically files reports with the suitable agencies. Bitstamp is registered spil a &ldquo,Payment institutions&rdquo,, which implies you can be sure about the real-money transfers you send to (and receive from them). That being said wij don&rsquo,t know if mandatory policies on fairness of execution are te place. No matter the case, this is much more than, what most other crypto-exchanges provide ter terms of regulation.

Bitstamp wasgoed hacked ter early 2015. Afterwards the company rebuild its entire trading toneelpodium. Nowadays they optie to store 98% of their client&rsquo,s crypto currencies on cold storage, while only 2% are directly available on the exchange. This is a major improvement ter terms of security.

Bitstamp partnered with Swissquote, ter July 2017. The Swiss handelsbank and broker, determined to trust this company, ter order to provide Bitcoin trading to its clients. This speaks volumes te terms of Bitstamp&rsquo,s credibility. At the time of writing of this review, there is no integration with the MetaTrader4 (MT4) podium. Trading is instead done on the Swissquote&rsquo,s webstek, with limited functionality. This is roped to switch te the future.

The user reviews for Bitstamp are fairly mixed. There are lots of pleased customers and people claiming dissatisfaction with the support. Similarly to Poloniex, the company may be experiencing more significant traffic than expecting, but the negative comments are not that harsh.

Trading conditions

Trading instruments (cryptocurrencies)

Bitstamp permits trading crypto currencies against the old-fashioned EUR and USD. On the other mitt few coins are supported, namely Bitcoin, Litecoin and Ripple. If you want to dive into more exotic altcoins, you can use Bitstamp spil a way to convert your specie into one of thesis three and then transfer it to a different exchange which supports your preferred altcoin.

Ondergrens initial deposit

There is no information on the ondergrens deposit at Bitstamp. While this is not that unusual, when dealing with crypto currencies, the company does accept traditional payments. There may be a level below, which they would not accept your transfer. Wij are used to forex brokers disclosing their ondergrens entry levels beforehand, like easyMarkets, who require $100.

Margin trading is not available at Bitstamp. For those of you who do not know what margin trading is &ndash, this is a mechanism by which you trade with more buying power than the money you have te your account. When it comes to froex brokers, they permit substantial leverage levels, like 1:500, meaning you can trade with positions worth 500 times more than your investment. The catch is your account serves spil a assure, and if you commence loosing, there will be a point at which your positions will be closed (this is known spil receiving a margin call, followed by a margin stop-out).

The commissions, charged by Bitstamp go spil high spil 0.25% for metselspecie to crypto currency trades (for the lowest volumes). Spil is the practice with most other exchanges, they go lower with thicker volumes. The unusual facet of this suggesting is that there is no incentive for the market &ldquo,makers&rdquo, (people who place orders on the exchange, instead of aggressively buying from the ones which other traders have placed). Most crypto currency exchange provide an everzwijn so slightly lower toverfee for traders who provide liquidity.

Comparing this to the spreads provided by forex brokers is rather hard, spil wij have mentioned ter our general comparison of the two type of service providers. On the other arm, Bitstamp&rsquo,s fees are in-line with what other cypto-exchanges are suggesting.

Trading podium

Bitstamp&rsquo,s trading toneelpodium is web-based. This is the standaard with most crypto currency exchanges, unlike the situation with forex brokers, where downloadable software (like MT4) is prevalent. At very first glance Bitstamp&rsquo,s trading toneel looks solid. A big emphasis is placed on charting, with a nice package. It feels pretty similar to cTrader, albeit it lacks a lotsbestemming of the functionality. Lots of technical indicators and instruments are available, but most forex trading platforms still provide even more options. That being said Bitsatmp&rsquo,s suggest is better that what wij have seen at a loterijlot of other crupto-exchanges. Here is a preview of the charting (click to zoom-in):

The order book is located below the chart and is one of the best ones available (at such exchanges). Here is a screenshot (click to zoom-in):

It wasgoed clearly designed by someone with trading practice spil the bid and ask price are next to each other, where the two tables meet (on the left). This permits for a quick and effortless comparison of the market depth, albeit the size of the orders (outer columns) voorwaarde also be taken into account.

Methods of payment

Bitstamp accepts payments via Bankgebouw Transfer, Credit/Debit Card and crypto currencies. There are some specifics regarding the handelsbank transfers, with EU clients being more lightly accepted via the SEPA System. That being said virtually anybody can transfer metselspecie to this exchange. This feature is very likely their thickest advantage overheen others.

Conclusion

Bitstamp is the very first regulated European crypto currency exchange. The company keeps 98% of customer&rsquo,s coins on cold storage wallets, which is a pretty good security measure. Bitstamp is one of the relatively few exchanges who accept deposits by Credit Card and Canap Transfer. Three of the major coins are traded directly against EUR and USD. On the other forearm the exchange offers few alternative coins. Te essence this is a good gateway for those who are fresh to the world of crypto currencies. Here is a summary Bitstamp&rsquo,s strong and powerless sides:

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