https://ipfs.pics/Qmdsn4T3pfLkqFq1FnrGtZTTDkmK299dp19bTwjb5M6BEH'>
Bitstamp Review: A
Bitstamp is one of the longest-running exchanges in the world–they’ve kept it simple and as a result have picked up some excellent connections in the industry. They work closely with Coinbase, one of the biggest and best exchanges. They’ve attracted investment from Pantera Capital, a fairly major Bitcoin-specific venture capital investor, owned in part by Benchmark, Fortress Investment Group, and Ribbit Capital.
The short of it? If you’re looking for a good, simple place to buy and sell Bitcoin securely, and you’re Europe-based, Bitstamp is one of the best options you have available.
The downside? They only do BTC and they have slightly high fees if you’re a casual buyer.
The upside? They’re trusted more than competing European exchange BTC-e.
Details:
BitcoinWisdom recently switched to using them as the default exchange
~10-20K BTC/day, fairly high liquidity
Recently improved fee structure: starting at a slightly-high 0.25% and moving down to an excellent 0.1% as volume increases
UK-based with an excellent team and offices in Luxembourg and the US
With the fall of MtGox, they’ve taken up the position of banner-bearer–and they’ve carried it excellently so far.
Pros:
Reputable, quick withdrawal timers, good KYC/AML work
Solid volume and liquidity
Works with Coinbase, granting additional legitimacy
Cons:
Slightly above-average fees if you’re under $600,000 USD volume per 30 days
Only BTC/USD
Arbitrary Bitstamp Review Ratings:
Legitimacy: 9/10
Ease of Use: 8/10
Trading Utility: 5/10
Customer Service: 8/10
Would I recommend it to my mother? Yes.
Summary: If your greatest concern is safety, but you still want to be able to trade on large price swings, I would suggest Bitstamp. That being said, if you’ve investigated and agree with me that Bitfinex is relatively safe, BFX is just better for traders than BSTP.