There are quite a number of Exchanges available out there. Do your research and compare two or more exchanges with each other, you should check their operations in the market, the number of transactions, location of that exchange, security, access, and other things so that you can choose an ideal exchange. Bittrex & Bitstamp are two digital currency exchanges, each with its own characteristics. Here we help you choose between Bittrex vs Bitstamp exchanges, which one is more suitable for you.
The exchange was built in 2014 with the goal of bringing the value of digital currencies to a global position by trading cryptocurrencies on its own platform. The center is based in Seattle, Washington, and its management team has more than 50 years of experience in the security and development of well-known companies such as Microsoft and Amazon. So security is one of the key points for this exchange. By creating this exchange, they have created a platform for investors to be able to conduct their own transactions safely.
Purchase digital coins with fiat currencies
In this exchange, you can purchase digital coins with fiat currencies by creating an account and confirming your bank account. This feature has been enabled for Bittrex since 2021 and has become one of the most popular changes in this exchange in recent times.
More than 190 cryptocurrencies are traded on Bittrex. In this exchange, you can do your transactions with a large number of cryptocurrencies. The exchange also supports 284 unique trading pairs.
For each transaction in this exchange, customers receive 0.25% on every trade, which is a little more than other exchanges. Of course, you should note that this 0.25% is received for all trades, and this is one of the good points in Bittrex.
Jumio can qualify more than 100 million people in more than 200 countries. By confirming your identity in this exchange, exchange facilities will be provided to you. You can register your identity in any country of the world by giving your name, address, and date of birth.
Most secure cryptocurrency exchange
As mentioned, the management team of this exchange has 50 years of experience in the field of security. Bittrex today is one of the best and most suitable exchanges for people who are looking for security. In this exchange, 80-90% of all currency is kept offline. This feature increases the security of users’ capital. The existence of two-factor authentication and platforms to prevent fraud and money laundering are also among the security issues of this exchange.
This exchange was established in 2011 in Slovenia. It has also become the world’s first nationally licensed crypto exchange. This license means that Bitstamp complies with Luxembourg’s financial laws, and the exchange is licensed in 28 EU countries. So we are talking about one of the most approved exchanges in the world, which has made it one of the most reputable exchanges in the digital currency market.
1% of all crypto exchange trading is for this exchange and users in more than 60 countries can interact with this exchange. Fiat Trading is another benefit of this exchange. Customers can buy their own digital currencies with Fiat currencies. USD and EUR are two Fiats that you can trade within this exchange. But if you want to use other Fiats, you have to convert them to USD or EUR first. So here one of the differences between this exchange and Bittrex exchange was identified.
Payment methods in this exchange are very diverse. In addition to digital currencies, you can top up your account with bank transfers and credit cards. But there is one negative thing about the security of this network that I want to tell you in the Bittrex vs Bitstamp section.
Bittrex vs Bitstamp
In this section, we examine these two exchanges and compare them in each of the functions.
Bitstamp only supports English. While Bittrex supports English, Russian, Chinese languages.
One of the important parts for traders is Trading Fees. Which is 0.1% for Bitstamp and 0.25% for Bittrex, respectively.
- Bitstamp: $ 10
- Bittrex: Up to 0.20%
Both exchanges support this card.
In terms of security, Bitstamp has a bad track record. Bitstamp In January 2015 was hacked and 19,000 Bitcoins were stolen. The news was like a bomb and spread everywhere. At that time, many users left this exchange due to low security and never returned to it.
But there is one thing, and that is that no users were lost that year. But Bitstamp did not accept the defeat. With more security platforms and a complete overhaul, prevent the recurrence of any hacking and intrusion as much as possible. But Bittrex has strong security and no intrusion has been reported so far.
Both of these exchanges have Android and IOS applications.
Number of Pairs support
- Bitstamp: 29
- Bittrex: 356
In the Bittrex exchange, this is free of charge, but in Bitstamp the commission is deducted based on the type of coin and its value.
Both of these exchanges have Two-factor authentication capabilities.
In the end, it’s up to you to choose which exchange is best for you. Do you prefer security or a simple user interface? Is the support of an exchange office more important to you or having different licenses? Each of these exchange has its own characteristics that provide good services to you in the world of cryptocurrencies.