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[BMF]

Bitstamp is a crypto trading company that has been around since 2011, The site has over 2.5million users.
You can easily buy cryptocurrency using your Visa/MasterCard, although the fee is 5% which is very high.

How to register
To register, you need to put in your first name, surname, email, and password as well as verification of not being a robot. You will receive an email for confirmation, which carries your user ID.

Login process needs your user ID and your password, after that you can also activate Google 2FA.
To trade on Bitstamp, you need to verify your ID.it is recommended to activate google 2FA for more security, Bitstamp takes 0.25% fee for trading, it doesn't have many altcoins but, it is still a great cryptography trading website.

Pros

Accepts credit cards and bank transfers
Bitstamp.net allows you to buy cryptocurrency with the use of MasterCard/bank transfer to buy cryptocurrencies, not all crypto-trading sites allow users to buy cryptocurrency using bank transfers but will prefer if you buy and deposit from another source.

98% of cryptocurrency is kept in cold storage.
After Bitstamp was hacked, the security of the site has improved and now 98% cryptocurrency is kept in cold storage and 2% is available for exchanges.

Cons

No many Altcoins.
Bitstamp has few cryptocurrencies,
which means you can't trade many altcoins, unlike Binance where you can find hundreds of coin to trade.

Has a recent history of being hacked.
Bitstamp was hacked in 2015 and the hackers were able to still cryptocurrency from the account since then Bitstamp has provided high security making it impossible to be hacked.

A high fee to buy cryptocurrency with a credit card.
Buying cryptocurrency on Bitstamp requires a 5% fee which is very high.

Conclusion.
Bitstamp has been available since 2011 and has over 2.5 million members. It is the first European regulated cryptocurrency exchange. you will need to verify your identity before making a trade. you can also buy cryptocurrency using your credit card and also bank transfers. Bitstamp does not have many altcoins, unlike Binance which has hundreds of cryptocurrency to be traded. Bitstamp takes 0.25% trading fee. They also claim that 98% of cryptocurrency are stored in cold storage. After Bitstamp was hacked the site became more secured and it's now impossible for a Bitstamp account to be hacked they will also recommend you to use Google 2FA which makes many websites to be very secure.

 

[Yugocean]

This platform have 42 pairs in market doing spot trading, most of them are traded with USD, GBP and EUR fiat currencies. There is a separate Ripple Gateway in this exchange which supports Ripple exchange. Both of them have multiple unverified market.

 

[Yugocean]

0% trading fee

Bitstamp currently have 155 pairs in its spot market trading, it has recently listed Polkadot, and Solana. Despite being the oldest active exchange, this platform does not have much popularity, just 2 days ago it celebrated it's 11th Birthday with no fans, so to make the platform popular, Bitstump has announced a 0% trading fee for all coins.

 

[Yugocean]

Bitstamp Earn
Bitstamp has also started its Earn program, although it is the oldest exchange platform, it does not have the popularity; Now it has started the initiative to become popular through Earn program.

Right now it only earns APY in which ETH can be invested for 4.12% APY, and ALGO for 1.6% APY.

 

[Yugocean]

Bitstamp is also becoming a sponsor for its promotion. This time Bitstamp has become the sponsor of David Beckham's Guildesports for the "Game Changers 2022 Series 3" to be held in Berlin. Bitstamp congratulated the winners of the Valorant Players for the series.

 

[Yugocean]

$SHIB for US Customers
Bitstamp has listed the Shiba Inu $SHIB on its platform, but it will only be accessible to US users.
While Bitstamp advertises this as "you asked, we listned", but in a very limited way, while other platforms make it available to everyone, Bitstamp does not offer this feature to customers outside the US. This is not good for competing.

 

[Yugocean]

Learning Axies Infinity
Bitstamp has released Axies Infinity's decentralized gaming learning, but it is not yet clear whether it is available on Bitstamp's platform. Axi Infinity is built on the Ethereum blockchain, its tokens linked to play to earn are very popular in the crypto market.

 

[Yugocean]

Consumer Safety Guaranteed
Bitstamp has clarified that it has no affiliation with FTX or Alameda Research. Bitstamp also clarified that funds from Bitstamp clients are kept separate from corporate funds, and are not used in any way without instructions from clients.

 

[Yugocean]

Bitgo CEO promotes Bitstamp
Bitgo CEO Mike Belshe is promoting Bitstamp, he was openly encouraging crypto investors to move to Bitstamp. I wonder why he has to promote another platform? Maybe he is turning sided. However, people are blaming the site of being corrupt.

 

[Yugocean]

Bitstamp is US Regulated
Bitstamp has now announced that it is regulated in the United States, with a BitLicense in New York.
Although regulation is not considered a good thing in the crypto sphere, following the destruction of FTX, Bitstamp seeks to attract niche clients who see regulation as necessary to take control of their crypto.

 

[Yugocean]

Attempt to Attract Investors with Security
Bitstamp CEO Bobby Zagotta claims that 180 people on Bitstamp's team (which is 29% of the team) hold important roles in current issues, including regulatory and auditing.
Bobby Zagotta is the COO of Kraken; his effort is to certify Bitstamp as secure in order to gain people's trust.

 

[Yugocean]

No Genesis-type risk
As Genesis Lender's downfall begins, various platforms are ditching it too. Bitstamp has also announced that the platform works only on staking to earn; it does not lend customer assets, hence the risk related to Genesis is not on Bitstamp.

 

[Yugocean]

Fee Cap for Mt Gox Creditors

Bitstamp has announced a cap on fees for those Mt. Gox creditors who are rehabilitating assets through Bitstamp. For three months, their fees will be capped at 0.1%.

 

[Yugocean]

0 Fee $MATIC Trading With Condition
To entice small traders of $MATIC, Bitstamp has made its trading fee-free up to a total trading limit of up to $1k in a 30-day rolling period. i.e. if the trading go above $1k in a period of 30 days, only then the fee will be charged.

 

[Yugocean]

Scheduled Upgrade Tomorrow
The platform's database will be upgraded on Wednesday as per Bitstemp's schedule. It will start at 8 a.m. UTC and last for one hour. However, Bitstemp is not very sure about the timing, so it is informed in advance to avoid being declared a scam if it takes more time.

 

[Yugocean]

Withdrawal Paused
Bitstamp has suspended all payments until January 2, 2023, in the name of public holidays, but there is no restriction on investments (credit card deposits).
At present, it is advised not to invest until the withdrawal resumes.

 

[magnus2022]

Thanks for this long and educative post. After reading the post, I discovered that bitmap though very popular lacks what it takes to be competitive in present day cryptocurrency volatile market. They should try to do a lot of promo like Binance and attractive offers. That they are regulated is not enough to attract investors

 

[Yugocean]

50 licenses but No Update
Bitstamp was just bragging about having 50 global licenses as of December 30th but has been completely silent since then. not giving any information or announcing any program.

 

[Yugocean]

$FLR
Trading in FLR is now available on Bitstamp. Additionally, some FLR tokens have been airdropped to Bitstamp users who previously held XRP. It's a strange process, as recent investors haven't been airdropped.

 

[Yugocean]

On Youtube Live

Tonight at 5PM BitStamp's Leonard Hoh is on YouTube Live with SGT industry leaders - Steven Bowman of BitGo, Chuan Jin Fong of GSR and Jackie Yap of Chain disbelief. They will have live conversation.