Bitstamp Exchange the safest way for Bitcoin trafficking?

With Bitcoin booming out in the cryptocurrency scenario, Bitstamp has made its way on being the safest, cheapest and popular Bitcoin exchanging fiat since its evaluation in 2011. Based in Luxembourg, Bitstamp allows exchange between Bitcoin and USD. Bitstamp also allows Bitcoin cash, Ripples, Litecoinetc and withdrawals. Bitstamp came out as faster solution providing source in European arena in times where buying Bitcoins meant sending wires to Japan for funds. This was a slow and time taking process which made investors lose interest and swap to other platforms. Bitstamp gradually became fully virtually regulated virtual currency exchange in EU.

With each passing time, Bitstamp has gained popularity over a notable period of time. The major reason contributing towards in popularity is its ease of use. The buying and selling parameters are directed to the customers with simple graphs and charts where the investors can easily keep track of money. High volume of trading and larger flow of funds for buying and selling are major attraction for the customers. Supports Bitcash and tokens for transactions and is cheaper and efficient than other trading platform. Funds are monitored by Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg which makes exchanges secure. Also to add the ease level for customers, transactions from debit/ credit card is available for buying Bitcoin.

Tough Bitstamp is hitting the market high, it does have some flaws which can sometime act as a threat to the investors’ money. The most concerned one lies in the fact that all personal keys lies with the Bitstamp support number 1-800-509-3075 operator. This sometimes leads to the theft of personal information. Another setback is that there is a huge amount of fees to be deposited for even small amounts. Account verification is a time consuming process and after the amount in wallet reaches USD 10,000 long invasive personal information is needed. Also, there are no perks given on volume trading and Bitstamp supports on four cryptocurrencies.

Bitstamp supports flat currencies like US Dollar, Canadian Dollar, Swiss Franc, Euro, British Pound and cryptocurrencies like Bitcoin, Litecoin, Ripple and Ethereum. Bitstamp trading fees can range anywhere between 0.25% to 0.10% depending upon the amount in USD. Bitstamp withdrawal fees depends on methods of withdrawal where withdrawal in cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple are free of cost.

Comparing the safety levels of Bitstamp, the 2FA authentication method acts as a safety wall of the money. While offline the funds are kept in cold storage which means they are not available of trading until user’s will. The standard multilevel security can be encoded with very strong and undetectable password which is known only to the user.

If you face any sort of technical issues associated with this exchange, you can go for Bitstamp customer support services.

With an overall reviews going pretty positive towards its reliability and endurance, Bitstamp can become a one stop solution for your Bitcoin exchange platform. Wallet online is the best platform to offer you solution of all the issues associated with cryptocurrency exchange and wallet.