What Is Bitstamp?
Founded in 2011, Bitstamp is one of the longest-standing crypto centralized exchanges (CEXs), serving about 4 million customers worldwide and available in over 100 countries. The exchange claims to offer a convenient, comprehensible and easy-to-use platform for all types of users.
Customers have access to 78 digital assets and can use debit or credit cards, ACH transfers, and international bank transfers to purchase cryptocurrencies. Novice investors have access to a wide range of educational resources, trading tools, and a 24/7 support service. For advanced traders, there are competitive trading fees, an enhanced version of the platform, Tradeview and a staking program, Bitstamp Earn.
The exchange holds a payment institution license in the EU and BitLicense in New York, and undergoes regular audits by the Big Four accounting firms. It also claims to store customers’ assets offline, and provide BitGo insurance and additional crime insurance for funds.
Who Are the Bitstamp Founders?
The exchange was founded by Damian Merlak and Nejc Kodric in August 2011.
Damian Merlak received his education at the University of Ljubljana in Computer and Information Science. He started his career as a software developer at Klika and Lyst. He served as CTO of Bitstamp until 2015 and director until 2018. Merlak went on to found Ngen and Tokens.
Nejc Kodric obtained a degree in Economics from Ekonomska gimnazija Kranj and a degree in Information Science from Fakulteta za organizacijske vede (Kranj, Slovenia). Previously, he worked for companies like GateHub, Apto Payments and Koto Labs. Prior to launching Bitstamp, he co-founded GSračunalniki, a computer hardware and IT consulting firm.
In 2018, when NXMH acquired 80% of the shares in Bitstamp, Merlak sold all of his shares in the company and stepped down as director. Nejc Kodriс remained as CEO initially, until former Gemini managing director Julian Sawyer took over in 2020. Kodric left the Board in early 2022 after a court ruling to sell his remaining shares to NXMH.
Where Is Bitstamp Located?
The exchange is available in over 100 countries. Bitstamp is regulated in the EU and USA, and has offices in the UK, Luxembourg, U.S., Singapore and Slovenia
Bitstamp Restricted Countries
Bitstamp complies with all sanctions and restrictions imposed by the United States, the European Union and Singapore.
What Coins Are Supported on Bitstamp?
Bitstamp lists 78 cryptocurrencies, among them: BTC, ETH, LTC, XRP, USDT and USDC.
How Much Are Bitstamp Fees?
For all trading pairs, fees are charged on a maker-taker model and based on 30-day trading volume. For trading volume under $1,000, trading fees are 0.00%. For trading volume under $10,000, maker-taker fees are 0.30%-0.40% and gets lower as trading volume increases
For staking, the exchange charges 15% commission, but does not charge any other fees. For deposits and withdrawals, the fees are as follow: debit and credit card (5% service fee), SEPA (free deposits, 3 EUR withdrawal fee), ACH (free deposits and withdrawals), Faster Payments UK (free deposits, 2 GBP withdrawal fee), international wire (0.05% deposit fee, 0.1% withdrawal fee), cryptocurrencies (free deposits, withdrawal fees depend on crypto asset).
Is It Possible To Use Leverage or Margin Trading on Bitstamp?
There are no margin trading or lending features on this exchange.