Bitstamp

Bitstamp is a centralized cryptocurrency exchange (CEX) operating out of Luxembourg, the UK, and the US.

It began operations in 2011, headed by then CEO Nejc Kodric and co-founded by Damigan Merlank in their native Slovenia.

It was one of the first exchanges allowing you to buy and sell bitcoin (BTC).

Bitstamp supports USD, EUR, and BTC deposits.

It offers access to 54 different tradeable digital assets, including Tether (USDT), USD Coin (USDC), DAI, Paxos Standard (USDP), and Gemini Dollar (GUSD) stablecoins.

It caters to retail traders (new and pro traders) and also offers corporate and institutional accounts.

Bitstamp is known for being simple to use and offering low fees.

Bitstamp has been in business for well over a decade, which sets it apart from newer exchanges with less experience offering cryptocurency trading services.

Related Terms

Network Fee

A fee you pay to a blockchain network for transferring a digital asset on that network. The fees go to the miners or validators of that blockchain network who win the right or are chosen by the validation mechanism to ultimately confirm your transactions and add to the blockchain.

Transaction Fee

Fees charged by a blockchain network to execute and validate transactions on that blockchain network. Fees are used to incentivize miners to complete complex and expensive cryptographic problems to validate transaction blocks to the leger of a blockchain.

Arbitrage

Borrowed from traditional finance, it’s the act of quickly buying a digital asset on one cryptocurrency, navigating to another exchange where that same asset is priced higher, and selling that asset for a profit.

Bitcoin ATM (BTM)

A Bitcoin ATM (BTM) is an ATM machine that lets you buy and sell Bitcoin (BTC), transfer Bitcoin (BTC) to someone else, and some even let you sell Bitcoin (BTC) and withdraw cash. Surprise! A Bitcoin ATM is very similar to a traditional bank ATM, in that you can deposit and withdraw fiat money. To […]

Peer-to-Peer (P2P)

Describes the sharing of data or assets between 2 or more parties without any central authority making the transaction happen. P2P exchanges tend to offer transactions that are censorship resistant, cheap, private, and secure.