Bitstamp Review
Cryptocurrency trading has been a topic of debate among online traders. This is because this asset has proven to be highly volatile and is one of the most fluctuating assets. Online trading and investing in assets is risky as it is but when it comes to cryptocurrency trading, the risk is even higher. This is because the crypto markets are one of the most highly fluctuating markets in the industry. One day the crypto rates might start soring which will bring an influx of writers and the rates may fall to their lowest rate in the next hour. So, when you are trading cryptocurrencies, you need to take into account the risks associated with them. To make sure that you get the best crypto rates, I will introduce you to one of the oldest exchange platforms in this Bitstamp review.
Let’s take a look at some features of this exchange to see why it is such a highly recommended platform.
Features That Make Bitstamp A Recommended Exchange
Complete Security
Online trading is a task that requires you to put in a lot of money. Traders invest their money in cryptocurrencies by depositing their money onto the account they have on the exchange platform. In addition to access to your money, the exchange platforms have a lot of sensitive information about you in their systems. This is the information that you provide as your KYC (Know Your Customer) documents which are needed for verifying the user’s identity. This is why it is important that the exchange platform that you sign up with to jump into the online trading industry is completely secure.
Bitstamp provides traders a completely safe trading environment. The platform has implemented strong security protocols to keep its system protected from cybercriminals. Hackers attack such firms frequently because of the valuable data their systems contain. Protocols such as Two-Factor Authentication, instant encryption software, etc., make sure that traders are accessing a completely safe environment.
Innovative Trading Platform
Bitstamp offers an innovative trading platform to its users which has an intuitive and user-friendly interface. This makes it very easy for traders to navigate through the different functions of the platform. Packed with modern trade tools, Bitstamp provides traders the opportunity to make investments that have high probabilities of profit. The real-time market rates that it provides allow traders to monitor the markets and find the best opportunities to make investments. Traders of all types can easily use the functions and features of the Bitstamp trading platform.
Payment Methods
When it comes to online payments, people prefer to use different types of methods. This can become a problem if the exchange platform that you are signed up with only accepts payments through limited means. Bitstamp allows people to make deposits through multiple means. Traders can use credit cards, debit cards, SEPA Wire, International Wire, as well as Crypto exchanges. Traders can pick whichever method they prefer to pay with.
Trading Instruments
Bitstamp is a cryptocurrency platform that is great for trading major cryptocurrencies. This platform is the best choice for those traders who can afford to invest in currencies as expensive as Bitcoin. The cryptocurrencies that you can trade when you sign up with Bitstamp include Bitcoin, Ethereum, Litecoin, BCH, and XRP. So, if you are interested in trading the major cryptocurrencies in a safe environment then you should consider signing up with Bitstamp.
Customer Support
You can count on Bitstamp to provide you support whenever you may need it. The exchange platform provides a customer support system that can be contacted in several ways and is available 24/7. This means that you will not have to wait for long hours before getting a response to your queries. Traders can get in touch with the firm through emails and phone calls.
Final Thoughts
As you can see, Bitstamp has a good reputation among traders not only because it is among the oldest cryptocurrency exchange platforms but also because of the quality of features it offers.
