Review on Bitstamp by phuong cong
The exchange was founded in 2011 - Bitstamp
Bitstamp is a long-standing exchange in the cryptocurrency market, having multiple headquarters throughout Europe. Known as one of the exchanges with the largest trading volume in the world (excluding fake trading volume). It launched in 2011 and was the first direct competitor to Mtgox before this exchange collapsed. Its biggest difference from the time exchanges is the security. It has been licensed to operate in Europe.
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Pros
- Bitstamp allows trading cryptocurrencies with Fiat
- Users can deposit via bank transfer
- Large real trading volume, high liquidity
- Recognized legal operation in many countries, associated with many major financial companies
- Very good security mechanism with user assets completely located in cold wallets, encrypted personal data, etc.
Cons
- High transaction fee of 0.5%, it only lists the popular cryptocurrencies
