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Bitstamp

Bitstamp

Bitstamp is a cryptocurrency exchange that was founded in 2011 by Nejc Kodrič and Damijan Marlak.

Overview

Bitstamp is a cryptocurrency exchange that was founded in 2011, they provide a trading venue to over four million individuals and enable a range of institutional partners to enter crypto markets through the Bitstamp platform.

The Bitstamp exchange supports the conversion of multiple currencies (both fiat and cryptocurrencies), including USD, EUR, GBP, Ripple, Bitcoin, Ethereum, Litecoin, and 20+ others.

Products and services
Deposit / Withdraw

The platform allows users to deposit funds through SEPA (Single Euro Payments Area) transfers, which are available in thirty-six countries, as well Instant SEPA; International Wire Transfers; ACH (Automated Clearing House) payments, which are available to US residents; and credit/debit card.

Card purchases are available for all EU member states, as well for most US states; a variety of other countries are supported. Bank deposit and withdrawals are available only for personal bank accounts.

Ethereum staking

Bitstamp offers Ethereum (ETH) staking since April 2021. Staking allows users to use ETH to earn crypto by locking assets on the Ethereum blockchain for a period of time.

API trading

API (application programming interface) allows its customers to access and control their accounts, using custom written software. Available APIs include:

  • HTTP API,
  • Websocket API v2, and
  • FIX.
Fee schedule

Fee tiers are based on a client's total trading volume over the past thirty days. Trading volume is calculated across all trading pairs and is expressed in USD, based on the exchange rate at the time of the trade. A trader will be moved into a new fee tier up to a few minutes after reaching the requirement for that tier.

Referral program

The Bitstamp referral program allows users to invite new people to join Bitstamp, using referral link available on their accounts. Both the current user and referral receive a $20 reward.

Lightning Network

The Lightning Network is a second layer of technology built over the blockchain, which dramatically improves its performance. It allows Bitcoin to handle millions of transactions per second with almost no fees.

Acquired by NXMH

On October 29, 2018 Bitstamp was acquired by NXMH. NXMH obtained an 80% majority stake in Bitstamp for an undisclosed fee.

Funding
Venture

On March 17, 2014 Bitstamp completed a venture funding round with $10 million in funding from Pantera Capital.

Equity crowd funding

On January 5, 2017 Bitstamp completed their equity crowd funding round with $1.3 million.

Awards

Bitstamp was rated as one of the leading exchanges according to CryptoCompare Exchange Benchmark Report February 2021, as the AA graded exchange.

Timeline

August 2011
Bitstamp was founded by Damian Merlak and Nejc Kodrič.

Patents

Further reading

Title
Author
Link
Type
Date

Bitstamp – Safe Licensed Bitcoin Cryptocurrency Trading Exchange?

Bitcoin Exchange Guide

Web

FAQ - Bitstamp

Bitstamp

Web

The Bitstamp Blog

Bitstamp

Web

Documentaries, videos and podcasts

Title
Date
Link

How to buy crypto with credit or debit cards in the Bitstamp app

May 11, 2021

How to deposit Bitcoin to Bitstamp

July 8, 2020

How to make your first trade at Bitstamp

February 21, 2020

How to withdraw Bitcoin from Bitstamp

June 10, 2020

News

Title
Author
Date
Publisher
Description
Alexandra Samet
May 10, 2021
Business Insider
Learn about the most innovative financial services providers with the BI list of top fintech startups and financial technology companies. Stay on top of the future of financial technology.
Samantha Hurst
April 27, 2021
Crowdfund Insider
Click HERE to find out ⭐ Crypto Exchange Bitstamp Hits $50 Million in Loan Originations Through Silvergate's SEN Leverage. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Bitstamp
April 27, 2021
www.prnewswire.com:443
/PRNewswire/ -- Bitstamp, the world's longest-running cryptocurrency exchange, announced today that they've surpassed $50 million in loan originations through...
JD Alois
April 9, 2021
Crowdfund Insider
Click HERE to find out ⭐ Crypto Exchange Bitstamp Appoints Former N26 and Barclays Executive as COO. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

References

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