Bitstamp Broker Review
A Brief Overview Of Bitstamp:
Bitstamp was conceived in 2011 with the major aim of providing reliable service to individuals and companies in bitcoin exchange. It has its offices in Luxembourg, London and New York from where it runs its operations.
Available Assets and securities
Bitstamp has a variety of assets on offer. These include FIAT currencies and crypto units. Here are a few of the available crypto units:
- Euro
- The united states dollar
- Bitcoin
- XRP
- Ethereum
- Litecoin
- Bitcoin cash
These units are paired against each other in the manner reminiscent of currency pairs in forex trading. So here you have pairs such as bitcoin/ united states dollar, XRP/bitcoin, and ethereum/euro among many others.
Fees
The fee is fix at 0.25% per 30 days trading volume for amounts equal to or less than $20,000. The percentage subsequently reduces for volumes between $20,000 and $100,000 to 0.24% while between $100,000 and $200000 mark it is set at 0.22%.
Likewise, there are withdrawal fees when either the euro or US dollar is involved. Using SEPA, the charge is 0.9 euros. For international wire, all transactions have charges with 0.05% for deposits while withdrawals are at 0.09% of the total amount.
Other charges that you may incur include transfer trace, administrative costs, and transfer receipts among others outlined in the platform.
Pros
- It has recently launched a mobile application.
- The transaction charges are minimal.
Cons
- A relatively limited number of crypto units to trade on.
In Conclusion
If you know your niche in crypto trading then Bitstamp is the platform for you with an opportunity to also trade on currencies. The exchange has a good reputation. It is therefore reliable for your investments.
