BitStamp

Website

bitstamp.net

Categories

#Cryptocurrencies #Cryptocurrency Exchange #Crypto #Cryptocurrency Wallets

Startup details

Country

United Kingdom

City

London

Employees

100 - 249

OpenMarketCap

Website

openmarketcap.com

Categories

#Cryptocurrencies #Cryptocurrency Wallets #Cryptocurrency Exchange #Crypto

BitStamp features and specs

• Reputation
  BitStamp is one of the oldest cryptocurrency exchanges, founded in 2011. Its long-standing presence in the industry adds to its credibility and trustworthiness.
• Regulation
  BitStamp is fully licensed and regulated in Luxembourg, providing users with a sense of security and compliance with international laws.
• Security
  The platform employs strong security measures, including two-factor authentication (2FA), multi-sig wallets, and regular audits to ensure the safety of user funds.
• User Interface
  BitStamp offers an intuitive and user-friendly interface, making it easy for both beginners and experienced traders to navigate and execute trades.
• Fiat Support
  BitStamp allows deposits and withdrawals in multiple fiat currencies, including USD, EUR, and GBP, making it convenient for users across different regions.
• Customer Support
  The platform provides reliable customer support through email and phone, along with a comprehensive FAQ section to assist users with common issues.

Possible disadvantages of BitStamp

• Limited Cryptocurrency Options
  BitStamp offers a relatively limited selection of cryptocurrencies compared to some other exchanges, which may not be ideal for users looking for a wide range of coins.
• Fees
  The trading fees on BitStamp are relatively higher compared to some other exchanges, particularly for low-volume traders.
• Slow Account Verification
  Some users have reported that the account verification process can be slow, taking several days to complete.
• No Margin Trading
  BitStamp does not offer margin trading options, which can be a drawback for users looking to leverage their positions.
• Limited Advanced Trading Features
  While BitStamp provides basic trading features, it lacks some of the advanced trading tools and functionalities found on other platforms, such as derivatives trading.

OpenMarketCap features and specs

• Transparent Data
  OpenMarketCap uses exchanges with audited volume figures, which creates a more accurate and transparent ranking of cryptocurrencies.
• Real Trading Volume
  The platform focuses on reporting real trading volumes, excluding any inflated numbers often found on other platforms.
• User-Friendly Interface
  The website offers an intuitive and easy-to-navigate interface, making it accessible for both novice and experienced users.
• Free Access
  Users can access all of the platform's features and data without any cost.

Possible disadvantages of OpenMarketCap

• Limited Exchange Listings
  Since the platform only includes cryptocurrencies from exchanges with audited volume figures, some popular coins may not be listed.
• Data Availability
  The reliance on audited exchanges could limit the availability of data, especially for lesser-known cryptocurrencies.
• Possible Delays in Updates
  Real-time updates might be slower compared to other platforms, as it depends on the verification of reliable exchange data.

Bitstamp Review 2019 - Is it Still Legit? What You Need to Know

More videos:

No OpenMarketCap videos yet. You could help us improve this page by suggesting one.

Add video