Bitstamp

Bitstamp, a U.K.-based cryptocurrency speech that was founded successful 2011, is Europe’s largest crypto exchange. It offers crypto-to-fiat and crypto-to-crypto speech services, and supports euros, U.S. dollars, bitcoin, ether, litecoin, bitcoin cash, XRP and different assets. It is led by CEO Julian Sawyer, a co-founder and erstwhile CEO of Starling Bank, a U.K. integer bank.

Bitstamp has been a proponent of regularisation and compliance, and is audited by EY, a Big Four accounting firm. It emphasizes information and claims to person “military-grade storage” of assets. It allows fiat deposits from users by SEPA (single euro payments area) transportation oregon planetary slope ligament oregon with a recognition paper and tin beryllium accessed online oregon done a mobile app. While Bitstamp doesn’t complaint fees for cryptocurrency deposits and withdrawals, it charges a fee for buying and selling crypto that varies depending connected the magnitude and root (i.e. recognition paper transportation vs. fiat connected platform).

In 2019, the speech was granted a BitLicense from the New York Department of Financial Services 4 years aft it applied. That allows Bitstamp to connection its cryptocurrency trading pairs to residents successful the state. Last May, it announced plans to grow successful the U.S., and successful July, it named Robert Zagotta, a erstwhile enforcement astatine CME Group and crypto manufacture veteran, arsenic CEO of Bitstamp US.

In 2015, hackers stole astir 19,000 BTC from the exchange. A confidential document posted to Reddit revealed that hackers distributed files containing malware to targeted Bitstamp employees. The files included malicious scripts that automatically ran upon downloading the file, allowing attackers to compromise peculiar servers to execute the hack. In response, Bitstamp refunded affected users, and subsequently implemented multi-sig wallets, accrued information exertion and extended security sum with Paragon International Insurance Brokers to screen worker theft, fraud and different loss. Bitstamp besides offers cold storage provided by BitGo and Copper.co.