Bitstamp is founded by Damijan Merlak and Nejc Kodric in 2011. Company CEO Nejc Kodric is well known as a reputed member of the Bitcoin community. Bitstamp has achieved more than 3 million users. Most of the users of the Bitstamp are from Europe.
Bitstamp faced a hacking attack that cost heavy to the exchange. In the incident, the exchange lost 19000 BTC which is equivalent to $115million according to current value.
If you want to trade in cryptocurrency, Bitstamp is the right choice as an exchange.
How To Conduct A Trade On Bitstamp:
To make a trade on Bitstamp follow the given steps below.
How To Sign UP-
Step:- 1 Go to bitstamp.net.
Step:- 2 Select “Get started” or “register” option given on the page.
Step:- 3 Choose your account type Personal or corporate.
Step:- 4 Read terms and conditions and check it.
Bitstamp process of ID verification is extensive in comparison to other exchanges. To complete the Bitstamp registration process you will require to share information like address of your residence, US citizenship status, photo ID proof and a document of proof of your residence address.
- Bitstamp uses 2-factor authentication for security. To enable 2FA to go to the main account dashboard and click on security.
- To move further you have to install Google authenticator to generate six-digit code. By enabling Google authenticator, you add an extra layer of security to your account.
- After the verification and setting up 2 FA now your account is all set to make a trade.
in the event that you might want to buy assets and add them to your record as fast as could be expected under the circumstances, this course is a vastly improved alternative than purchasing through a different fiat onramp and afterward sending the assets to Bitstamp (as long as you are eager to pay a Visa preparing expense).
Then again, stores can be made by means of bank move or with Bitstamp’s bolstered cryptographic forms of money, which can be chosen in a similar sidebar on the left half of the “Store” page.
Like most trades, when the choice to store a specific digital currency is chosen, you will be given your store address and its related QR code. Utilizing a portable wallet to check the QR code is undoubtedly the quickest and simplest approach to send reserves, however, the location can likewise be copy and paste.