Bitstamp is one of the oldest and most reputable cryptocurrency exchanges in the world. It was founded in August 2011 by Nejc Kodrič and Damijan Merlak. Bitstamp was established in Luxembourg and has offices in the UK and the US.
This company is regulated as a licensed payment institution, which adds a level of credibility and security to its operations. So why all the complaints? We investigate in our Bitstamp Review.
So both bitstamp ltd entities are regulated by two reputable and renowned financial market authorities. As you can see, even regulated companies can be associated with numerous issues and problems.
The bitstamp exchange users wrote numerous complaints against the company but it’s also necessary to inform the regulators about it so that appropriate measures can be taken. We also recommend you avoid shady providers such as EV Trade.
The company’s ratings have dropped dramatically – at the time of this writing, Bitstamp has 725 reviews and an average score of 2.3 (poor). Not a good look for one of the longest-standing crypto exchanges. Here’s what traders have been writing:
Stop your deceitful business practices! So many people, are calling BS!!! The class action idea….Yes! Only way to stop their repeated, deceptive business practices, is to shut down their revenue flow…
Just like all the other complaints here, they have blocked me from withdrawing Bitcoin after I purchased it with them with USD. The same story about an additional security review with a zoom call (which I did)… This is absurd. I want my money now. I have NEVER had to go through this with any other platform…
Traders indicate that this company is causing withdrawal issues. Also, they also expressed their frustration with bad customer service and complained about waiting forever to get a response. The verification process is seemingly long and fatiguing as well, according to traders.
Bitstamp has been around for quite a while – over a decade. The company has managed to amass a large client base since 2011 by promoting the exchange via social media. But as we said, Bitstamp’s ratings have dropped and the company is a shadow of its former self.
If you lost money to the Bitstamp scam, book a consultation with us and we’ll help you recover your funds.
Now that we’ve covered the legal-related facts about the exchange, it’s time to take a look at the bitstamp app. Bitstamp offers a mobile app for both Android and iOS devices. The app allows users to access their accounts, trade cryptocurrencies, view charts and market data, and manage their portfolios on the go.
It features a user-friendly interface and is designed to provide a similar experience to the desktop version of the Bitstamp platform. It offered secure login options, such as two-factor authentication (2FA), to ensure the safety of users’ accounts and assets, as described on the bitstamp blog.
If the app is giving you trouble and you cannot withdraw funds, contact us for help.
Information About the Bitstamp pro Platform
Bitstamp Pro, also known as Bitstamp Pro TradingView, is a trading platform offered by Bitstamp, which offers more advanced trading features and tools compared to the standard trading interface.
The platform was supposedly designed to cater to professional and experienced traders who require in-depth chart analysis, advanced order types, and access to real-time market data. Some of the features that were available on the Bitstamp Pro platform include:
Bitstamp offers a selection of popular cryptocurrencies that users could trade against fiat currencies such as the US dollar and the euro. The list of assets available for trading on the bitstamp btc platform includes popular assets such as the following:
Trading fees at Bitstamp start at 0.40% for regular trades for all cryptocurrency pairs. The fees are not the lowest around but are certainly not the most expensive. Bitstamp charges less if the user trades more than 10,000 USD in volume over the prior 30-day period. Furthermore, if the user trades up to 1,000 USD, the company does not charge any fees.
If you use Bitstamp for staking, the company takes a 15% commission on your earnings but doesn’t charge any additional fees.
Bitstamp did not specify a minimum deposit requirement for fiat currencies like the USD or the EUR. However, the company did have minimum order sizes for trading various cryptocurrencies, i.e. the bitstamp limit.
The minimum order sizes for trading cryptocurrencies on Bitstamp typically vary depending on the digital asset being traded. For example, the minimum order size for Bitcoin is 0.001 BTC, while for Ethereum, it is 0.01 ETH.
The bitstamp withdrawal fee for SEPA is 3 EUR on withdrawals and 0.1% for wires. Other payment methods may also be subject to certain fees, charged by the provider. You should also know one fact.
If you have issues with Bitstamp, please book a free consultation with our team. Global Fraud Protection is willing to help you recover your hard-earned funds. We will go through your case and determine the appropriate refund method.
If you deposited funds via credit/debit card, you can reverse the transaction by requesting a chargeback at the issuing bank within 540 days. For crypto transactions, you’ll need professional help. Luckily, our experts are skilled at tracing crypto using CipherTrace
Let us know if Bitstamp scammed you.
Bitstamp is regulated by renowned authorities. However, recently, there have been many complaints against the exchange.
No, because crypto exchanges are not SIPC members, meaning you could lose your funds as an unsecured creditor, i.e. no compensation for you.
You must request a withdrawal from the exchange. If you’re having issues, contact us for help. We will assist you in retrieving your funds.
Bitstamp fees are medium level – the company is not cheap but also not that expensive in terms of fees.
No. Bitstamp is exclusively a crypto exchange. You cannot trade Forex or CFDs.
The post Bitstamp Review: Let’s Start By Reviewing The Basic Facts appeared first on Global Fraud Protection.
