Bitstamp is a cryptocurrency exchange notable for starting in 2011, making it one of the first places to buy and exchange Bitcoin.
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It’s a good choice for beginner and casual cryptocurrency investors looking to buy and sell with competitive rates and an easy-to-use interface.
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Pros Explained
- Easy-to-use platform: Bitstamp offers a simple, user-friendly platform that makes it easy to buy and sell cryptocurrency.
- Competitive fees on main platform: Fees start at 0.50% and go down with higher trading volumes, and you don’t have to use an advanced trading platform for the platform’s lowest fees.
- Long history supporting cryptocurrency users: Bitstamp is one of the oldest exchanges, with over a full decade of cryptocurrency exchange history.
Cons Explained
- None
Bitstamp does a decent job of making it easy to buy and trade cryptocurrency while keeping fees reasonable.
It would be great to see an expanded list of currencies and a more powerful active trading platform. Bitstamp’s lack of options and features could result in active traders looking elsewhere.
But for beginner to intermediate traders and those with a more casual approach to crypto trading, Bitstamp may be a good choice.
If you’re looking for a secure option to buy cryptocurrency quickly and manage a basic crypto portfolio, Bitstamp is worth considering.
