Bitstamp, a well-established and respected cryptocurrency exchange, is based in Luxembourg. The company is headed by CEO Nejc Kodrič, a widely known member of the Bitcoin community, who co-founded the company with Damijan Merlak in Slovenia in August 2011. Later, the company moved to England in April 2013, then to Luxembourg.
It allows trading between fiat currency, Bitcoin and other cryptocurrencies. On the platform, transactions can be made with US Dollar, Euro, GBP, Bitcoin, Algo, XRP, Ether, Litecoin, XLM, Link, OMG. The company is based on the then-dominant Bitcoin exchange Mt. It was established as a European-focused alternative to Gox.
Since its inception, Bitstamp has managed to develop itself in different areas such as security, coin diversity and infrastructure. It stands out especially with its user-oriented interface.
Bitstamp is the first licensed cryptocurrency exchange in Europe. It also serves investors from different parts of the world. In addition, it continues its service with its centers in Luxembourg, London and New York.
Bitstamp is one of the safest cryptocurrency exchanges for users. It has proven its reliability thanks to advanced security measures and the storage of most of the customer assets in offline cold storages.
Bitstamp was hacked in 2014 and 2015, and about 19,000 BTC were lost. However, it later improved its security measures and was not hacked.
What are the Bitstamp Advantages and Disadvantages?
Some of the advantages and disadvantages of Bitstamp, which is among the popular cryptocurrency exchanges, are as follows:
Advantages
- It has a user-oriented mobile application and interface.
- Easily understandable graphics and data are available.
- Payment by credit/debit card is available.
- Processing time is fast.
- Crypto-to-crypto transaction fees are low.
- The most popular cryptocurrencies are listed.
- 24/7 live support is provided.
- There is Bitstamp Pro app for professionals.
- It has strong security features.
- It has an EU license.
Disadvantages
- Staking can only be done with two cryptocurrencies.
- There are no different trading options like margin trading or futures.
- The variety of coins is insufficient.
- There is no Turkish language support.
- Transactions with TL are not accepted.
- User assets are not insured for possible hacking and cyber attacks.
- Limit orders are low.
