RE: HowTo Buy Crypto – Part 5: Bitstamp

Strengths of Bitstamp@cryptographic - Sir once BitStamp was hacked... Therefore, I didn't create an account there Sir... I found these information & hope it'll helpful Sir...

Offers a very simple buy/sell user interface, combined with advanced trading pages with detailed graphs, and trading parameters.
Has significant trading volumes and therefore represents a good exchange for large purchases or sales.
Supports buying of cryptos using debit and credit cards (recently extended to multiple countries).
Regulated by the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg – thus good standards for keeping users’ funds more secure.
Will support trading of Bitcoin Cash & will allocate all owed BCH tokens to customers.
Cheaper & more efficient than person-to-person exchanges such as Localbitcoins.
Despite a significant theft of its reserves, Bitstamp has maintained a strong reputation and has not suffered from prolonged trading shutdowns. A similar reputation & clientele recovery happened with Bitfinex (major Hong Kong exchange).

Weaknesses of Bitstamp

As with all centralized exchanges, private keys are controlled by the exchange operators.
Unlike Coinbase’s free 10$ credit for new traders, Bitstamp offers no such freebees to attract market share.
Account verification takes more than three days. Similar wait times can be expected on Coinbase, CEX, and Kraken.
Users are required to share an invasive amount of personal information when transactions reach a threshold (~10k usd)
Although extra locations have been added, service is not available in all countries. Bitstamp competitor Coinmama offer similar credit card purchases to users anywhere in the world.
Only supports only four cryptocurrencies & slow to add new major altcoins such as Bitcoin Cash & Ethereum. Compared to competitors such as Kraken, Bitstamp has been slow to add popular coins.
A long list of unusual fees are applied to user accounts. However fees remain significantly cheaper than exchanges like CEX or Coinmama.

https://www.bestbitcoinexchange.io/bitstamp-review/

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