International standards for crypto are coming, but at what cost to innovation?
Bitstamp is a cryptocurrency exchange that was one of the first platforms for making transactions with virtual currencies. The company was founded in 2011 by Damijan Merlak and Nejc Kodrič and now is based in Luxembourg. The main feature of the Bitstamp exchange is allowing trades between the US dollar and Bitcoin. Deposits and withdrawals are available in USD, EUR, Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, the European payment system SEPA and international bank transfer. Bitstamp fees are usually 0.5% but it depends on the sales figure, so if it’s large enough the commission can be reduced to 0.15%. By 2018, BitStamp has added some functions such as the buying of cryptocurrency with debit or credit cards, or withdrawal of funds in the form of gold.
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