It just seems that it is better to launch business in a new sphere where you do not face competition. In reality, it causes even more problems. The promotion of revolutionary idea takes much time and patience. The businessman can’t rely on quick returns when people are not aware of a new product. In other words, such company is a pioneer on the market and it tries to create the customer base. The company also shoulders promotion responsibility. You always have to explain what exactly you do just like first crypto exchanges had to explain the basic things about cryptocurrencies and Bitcoin. The companies founded later in this business niche just followed the trodden path and enjoyed all benefits of promotion activity performed by their predecessors. Bitstamp is one of the pioneers, which worked hard to introduce alternative financial system to the one existing already. Much was done on the way to this goal.
Bitstamp is a proven cryptocurrency exchange with excellent reputation. It has been working effectively for 7 years already after it was launched in 2011. It did not have many business rivals at that time, but the number of customers was not big as well. So it contributed to the development of the crypto industry and grew along with infrastructure of the crypto world. Actually, it became substitute of another brand, which specialized in this sphere but left the market. The young company received many international customers who had to leave that platform. With time the exchange acquired the mass following and high trading volumes, which turned the resource into the leading European cryptocurrency exchange. This is how the popularity of Bitstamp Limited began.
The brand was founded by young people from Slovenia. One of them was a Bitcoin miner, while the other sold computers. Both guys felt the necessity for additional infrastructure so that they could exchange virtual coins to fiat money. There were almost no enterprises of this kind then so they launched a crypto exchange.
Bitstamp continues its habit of being the first as it always tries to introduce innovative features to its work. It refers to the latest security practices such as Multisig wallets and cold storage. The company also introduced 2F authentication and confirmations sent to users to enhance security.
There are different kinds of orders, which can be executed on the site. Instant orders are executed at alluring price. Along with it, the service offers limit, stop loss and trailing stop orders. It is also possible to conclude deals via convenient API. The person has an opportunity to do it at any time round the clock being at any place of the world.
The main advantage of the resource is that it allows purchase of crypto with bank cards. Also, it is convenient to use the interface with good functionality. It is faster and more convenient to use Bitstamp than many famous crypto exchange venues such as LocalBitcoins. It is important to know: the bank cards are allowed only if you have an account in Europe.
The site is criticized for being a little complicated so the newbies experience certain difficulties when come to it for the first time. The advanced users do not have any problems with it.
The main Bitstamp currency supported is BTC. In almost all cryptocurrency deals Bitcoin is involved.
Bitstamp fees are low compared to other resources and do not exceed 0,05%. The platforms offering similar services take up to 4% and are not so profitable for its customers. It is worth saying a few words concerning the marketing policy of the exchange. It was done to motivate the person use it more often. The fee depends upon the volume of assets sold and purchased by the trader. The biggest fee reaches 0,25%. Those who trade often can enjoy a very low fee – 0,10%. If you need to deposit or withdraw popular crypto coins, it is done free of charge.
The customers can always find out BTC value on Bitstamp from Bitcoinwisdom and decide upon the further actions to stay profitable. It is considered to be one of the best sites to track the prices. Additionally, the service shows the price on major cryptoexchanges such as Coinbase, BTC-e.
It is convenient to use Sandbox to create Bitstamp app. This is the best way to improve the code and avoid the failures further. The developers who want to reduce risks and expenditures, use the service for testing of virtual APIs to determine the problem before it arises.
If you choose the trading platform, Bitstamp is definitely worth your attention. In case you have some questions, it is always possible to ask about Bitstamp on Bitcointalk. This is the most famous platform where cryptocurrency problems are discussed.
The exchange is a perfect solution for Europeans but there are more specific marketplaces in Europe. For instance,Bitmaszyna is a trustworthy Polish exchange catering to the needs of cryptotraders from Poland first of all.
Additionally, we recommend such highly efficient services as decentralized exchange Coingi,Korbit based in South Korea and multi-currency crypto venue Bitssa. These resources have much to offer. It is better to study the principles of their work and select suitable marketplace.
Basic facts about Bitstamp ❶ ❷ ❸ -
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(based on 36 user reviews)