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It was first described in by Stuart Haber and… https: Today marks days of Bitstamp. Exactly days ago, Bitstamp opened its doors. It has been quite a journey to this day - we grew older and wiser - a…. It is nice to see some larger volume payments on RippleNet. Satoshi Nakamoto, the inventor of Bitcoin, is a modern day mystery. No one knows his real identity and probably…. No one knows his real identity an… https: Or maybe they're just dumb and don't get it? Bitcoin Bitcoin Cash Bitstamp.
Any computer can become a node on the blockchain, helping keep crypto decentralized. This is not the… https: MoneyConf is in full swing! Do not panic about the drop in Bitcoin's price. The exchange suspended withdrawals for some users for two days to prevent hackers from accessing private keys and cashing out. The attackers blackmailed Bitstamp and demanded 75 bitcoins in ransom.
The company refused to pay and cited a policy of non-negotiation with criminals. The news only surfaced six months later when someone leaked an internal report about the hack. Bitstamp declined to acknowledge its authenticity.
Instead, they successfully requested the document be taken down from the platform on which it was published. Bitstamp operates through website and mobile applications. The bulk of its traffic comes through the web. Most user reviews of Bitstamp give the website a very good score. Users also have the option to develop their own software to access and manage their accounts.
Bitstamp has made third party apps possible by offering a custom API. A rating on downdetector. Users have also pointed to problems with logging in, especially with not receiving verification codes. The exchange offers a mobile app for both Android and Apple. Mobile users can place orders, make deposits and withdraw funds. Major issues raised by users-reviews include slow customer support, difficulty in executing orders —especially those involving Ripple —and poor trading chart experience.
Personally I have stopped using Bitstamp after support made a very invasive request for personal information. However, Bitstamp seem to take advantage by requesting customers give out information on competitor usage. Take a look for yourself:. I've read many users complaining on forums after receiving similar invasive requests from Bitstamp.
I always give credit to exchanges that strive to make the vetting process as smooth as possible for their clients Kraken does this much better than Bitstamp. Unfortunately, this is a big negative. Please note that most users do not receive this request. Bitstamp charges three types of fees—on deposits and withdrawals, for trading, and for various services. Depositing and withdrawing is free for all cryptocurrencies. However, withdrawing using BitGo Instant will cost you 0.
Also transferring Ripple IOUs between accounts costs 0. It is free to deposit using SEPA, but you will be charged 0. International wire transfers cost 0. Charges for using credit cards to make purchases vary depending on the amount involved. Trading pairs cost a percentage ranging from 0. The higher the amount traded, the lower the percentage cost you incur. Bitstamp charges for a long list of service and operational fees.
Should you like to try something different to Bitstamp, the following are the most popular alternatives:. September 14, by BestBitcoinExchange — 37 Comments.
Buy Bitcoin Now Rank. Buy Now Go to eToro eToro. Have you ever used Bitstamp? Let me know in the comments below. Read More Buy Now. Thank you for submitting your comment for moderation. Notify of new replies to this comment. I just joined the Bitstamp. It took more than a month for verification process. Now I plan to buy some ripples but saw so many comments about Bitstamp.
Recently it was on the news with the loss the customer's deposit. They are notorious for their KYC procedure, often making clients jump through multiple hoops before deposit and withdrawal is allowed. Despite this, they are a reputable exchange however patience is advised. For a faster exchange, try the likes of Bittrex.
Really bad customer service and insecure platform. I just joined bitstamp. Soon I'll uplaod my vetting docs. I want know can I buy xrp ripple. Thank you this valuable information. Does bitstamp provide what is equivalent to a prospectus for its investments and if so what is it called?
How do they define dormancy? What are the options for waiving the monthly fee? Do they have available human customers support? I am trying to learn more about this type investment. Thank you for your reply. So do people have problems transferring coins out or cashing out?
Hi, Does anyone know how to move XRP from the exchange onto an offline wallet? BitStamp is one of the only ones that allows you to buy Ripple using a credit card but like others on here I get no response from support. Bitstamp is being ridiculous these days. They did not deposit my money for 8 days and counting. They did not responded my ticket for 5 days and counting. I am not sure how i am going to trust them anymore.
I never had any problem before. It used to take hours for deposits being credited. If they are overloaded, they should focus on deposits, not new verifications. It is really sad and frustrating and not legal. I can understand how frustrating it is when you miss a critical trading opportunity. Do remember, as I mentioned in the above comment reply - all bitcoin exchanges are simply overloaded with new users at the moment.
Yes, they could be doing better and should have recruited more staff beforehand. I have a very smooth transaction at the beginning. I have tried so hard after to make purchases and send emails to support nothing is working out. Not even a response from them! I will not recommend it to anyone. Remember that support teams across all bitcoin sites are overloaded with new users flooding in from all areas since early November The response time delays should clear up, but time is necessary.
Who can tell me how many days the bitstamp need to deposit for international wire transfer? My money wired a week ago over 5 business days , so far "o" balance in my account. The thing is they didn't reply any emails I sent and no one answer the phone International wire takes much longer than normal SEPA days. Be aware that support is currently experiencing high volume of requests from hundreds of thousands of new users.
I submitted the docs for verification 6 days back and still the status is pending. Sent an email to support as well and didn't see any action. Do note that Bitstamp have had new users this week. It may take some time for them to clear the ID verification backlog. You can't login, getting "aaaaa it's gone" message and the customer service is unresponsive. It doesn't get much scarier then that. Does anyone else experience the same problem just a few days ago?
Please share your thoughts. Yeah many of these bitcoin exchange are simply buckling under the huge waves of new users coming in at high trading times. Sometimes you will experience downtime. Be very aware using Bitstamp. Currently they have too many clients resulting in the inability to sell your shares or buy shares in high volume times. You could lose everything because they don't have enough servers. It happened to me and they sent me an email pretty much saying they could care less.