A new investigation has revealed hundreds of Coinbase customer complaints around hacking and lost funds, drawing attention to the customer experience at crypto exchanges.
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.
“We doubled our U.S. team in 2021 and expect to triple the team by 2022,” said Robert Zagotta.2113
"The potential upside for new retail and institutional investors in the U.S. is astronomical," said CEO Julian Sawyer.30362
Prime Minister Xavier Bettel said that he was "not a technical person" or a developer but still backed blockchain technology for the future of Luxembourg.10096
Stephen Bearpark is a three-year veteran of Amazon and former finance director at Barclays.7623
Bitstamp traders based in the Netherlands now have even more regulatory hoops to scale before being able to withdraw their funds.5750
To comply with Dutch regulations, Netherlands-based Bitstamp users can no longer make withdrawals without first providing photographic proof they own the recipient wallet.6553
Former Bitstamp executive Miha Grčar is joining Kraken as head of business development.2730
Bitstamp is replacing its CEO for the first time since the company’s establishment.4518
The New York Department of Financial Services found that crypto firms blocked the Twitter hackers’ crypto addresses within 40 minutes.13099
Crypto needs insurance too.5653
While many centralized exchanges benefited handsomely from the recent sell-off, P2P trade on Paxful dropped by almost 50% this week.10114
Bitstamp confirms migration of European clients.6890
The price of Bitcoin briefly crashed to $11,219 on Bitstamp after disappointing job data hit markets.7866
The drop in the price of Bitcoin on July 10 to $9,100 was led by Bitstamp, data finds, coinciding with selling by BTC miners.12834