Bitstamp is known as one of the most reliable crypto exchanges. Based in Luxembourg, Bitstamp allows trading between USD and EUR for a wide range of cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Ripple (XRP). The exchange is highly popular among Europeans as it allows European users to deposit Euros. Its API allows users to develop custom software to access and use their accounts. The exchange frees its users from the transaction fees when withdrawing BTC. Bitstamp keeps 98% of its funds in cold wallets, and the rest of the funds are kept for live trading. To ensure the best security practices, the exchange offers two-factor authentication and mandatory confirmation emails. The exchange also ensures that all sensitive information like the identity of documents and account passwords are kept secure. Bitstamp uses advanced standards in AES 256 encryption to make their connections with the server secure. The exchange charges three types of fees – deposit, trading and withdrawal fees. The customer support of the exchange is great. They have an extensive FAQ section to help new traders. Bitstamp is a good option for the intermediate to high-level traders. However, for beginners, the exchange can be a little expensive.
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