One of the world’s strongest standing cryptocurrency exchanges is the Bitstamp. It gives room for Bitcoin cryptocurrency trading and USD currency trading. Bitstamp users can make use of custom software to access and to control their accounts. The exchange is based in Luxembourg, and it was founded by Nejc Kodric in August 2011, who had been an active member of the bitcoin community. Nejc Kodric has been the CEO of Bitstamp till this present day. Most of Bitstamp funds are kept in cold storage as part of the security measures put in place by the management. Bitstamp funds are also fully insured and offer their users a two-factor verification as well as text message alert, thus making the exchange one of the most secured exchanges in the industry.
The support for the use of Bitstamp cuts across fifty different countries that are not part of the European Union member states. Some of these countries are Brazil, China, South Korea, South Africa, Australia, etc. At first, Bitstamp was self-regulated for some years after it was launched. It was then given a full regulated license in 2016. For Bitstamp users to be granted access to their accounts, they would always need their client ID and their password if it is always encouraged that these users make use of strong passwords that are not easy to be hacked.
In the face of distributed denial of service, Bitstamp had once suspended withdrawal for a couple of days in February 2014. The year 2016 was a remarkable year for the exchange, it was granted a license to be fully regulated in the European Union as a payment institution by the Luxembourgish government. This gave Bitstamp the license to operate in all the twenty-eight European Union member states.
