Bitstamp Exchange

A hand holding a card

Bitstamp is an exchange platform for the cryptocurrency. The company started in Aug 2011 and as per 2016 data, it is the second-largest exchange in the world in terms of the trading volume. Nejc Kodric is the CEO of Bitstamp. It has great liquidity in terms of exchange and trading and a robust infrastructure.

Headquarters is in Luxembourg with two other offices in New York, United States and London, United Kingdom. The company allows for the exchange of following cryptocurritencies i.e. BTC, Ripple, Litecoin, which can be traded against USD and EUR. Bitstamp is EU first platform with a license for Bitcoin.

Read here: Bitstamp Review

Features and partnerships

Bitstamp has several partnerships in order to provide more convenience to its users. It has partnered with Simplex for BTC card purchases. Simplex provides a safe online platform to accept credit card payments. Caceis, an investor service firm looks after the merger between BTC and traditional financial services. Additionally, It has partnered with Ripple for its gateway and incentive programs.

Is Bitstamp safe?

To answer queries, Is Bitstamp Safe? the exchange takes strict measures for both online and offline storage of crypto and fiat currency. 98% of the currency is stored offline in cold storage, thus preventing any cybercriminal activity. For online amount, this exchange uses Multisig technology, where over one signature is required to approve a transaction. Other security levels are two-factor authentication and email verification, which a user can enable for additional security.

Also read: Bithumb Exchange Review, LocalTrade Exchange, Bitfinex Review

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