Review on Bitstamp by Danh Huỳnh Ngọc Công
Long live the Bitstamp!
Bitstamp is one of the most long-standing cryptocurrency in the world. Security is one of the most significant point that traders may consider to choose it as there favorite exchange. I would love to trade major with this platform. However, fee for it is too high and I will have to wait for my fund arrival. Overall, this exchange is very excellent
Updated 5 years ago
Rating has not been changed
Positive point: Bitstamp team will implement Lightning Network Node into the exchange to solve scalability problem and reduce transaction time and fee as low as possible.
Pros
- - Bitstamp is famous worldwide and it is one of the "Big Four" that every cryptocurrency enthusiast in the world should know about it
- - There are a lot of deposit methods on this exchange. Users can deposit with SEPA, Astropay, Bitcoin, Litecoin, Credit Card, eCheck, International Wire Transfer, and Ripple. Users who have just known about cryptocurrency can deposit fiat with bank account to buy crypto and start their journey
- - The exchange focuses on the trading of major cryptocurrencies including Bitcoin, Litecoin, Ripple, Bitcoin Cash, and Ethereum. These coin can be traded against each others or against fiat
- - Trading interface looks very optimal for the ease of trading. It gives me a good feeling to start buying and selling here
- - There are many modes of buy orders for traders so it is very convenient and professional to trade
- - It has been established since 2011 but its operation has not encountered any problem its security, in my opinion, is world-classed and can be trusted
- - Users can give their feedback right on the trading interface to report a bug or suggest an improvement
- - There support to the customers is very helpful. The FAQ page has almost every information about the exchange and solutions for most of the prolems that users may encounter.
- - The volume of trading on this exchange is very high which means it has a good liquidity
Cons
- - It restricts users in many countries and only favors a few countries, which many of them are from European Union
- - Only verified users can trade on this exchanges while others can only access the basic functions
- - Funds transfered to this exchanges will be credited to users accounts from 2 to 5 business days. This is a big drawback as traders can miss their investment chances
- - There are only a few coins to trade on this exchange. The addition of more coins seems very impossible
- - Deposit and withdrawal fees are very high compared to most of other exchanges.
