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Add to SafariWhen comparing Bitstamp vs Uphold, the Slant community recommends Bitstamp for most people. In the question“What are the best ways to buy/sell bitcoin?” Bitstamp is ranked 2nd while Uphold is ranked 3rd. The most important reason people chose Bitstamp is:
Bitstamp is very economical if you live in Europe as they have free SEPA deposits.
Specs
Question Ranking
Pros
Pro Free SEPA deposits
Bitstamp is very economical if you live in Europe as they have free SEPA deposits.
Pro Very low transfer fees
For small transactions (< $500 USD) you're only charged 0.5%. This incrementally decreases to 0.2% for transfers over $150,000 USD.
Pro Lets you limit orders
On Bitstamp users can enter limit orders that stay open until they are either cancelled by the client or executed in the market.
Pro Supports multiple currencies
Bitstamp supports US dollars, British pounds, and Swiss francs.
Pro Offers prepaid debit cards
You can purchase physical or virtual prepaid debit cards through Bitstamp and load money into them directly from your Bitstamp account. There are currently three supported currencies: USD, EUR, and GBP. Note: this is currently unavailable to US citizens.
Pro Great support
Multiple threads on the Bitcoin sub-reddit praise Bitstamp for fast and helpful support.
Pro Great user interface
The interface and overall user experience of Bitstamp is fantastic. The design is clean, easy to use while also providing great features like the order book.
Pro Order book
The order book is a great feature because it’s where the exchange shows all the open orders it has from its clients.
The first part of the order book is a chart that represents all the orders organized by type (bid or offer), price, and volume. This is a very efficient way of looking at the market depth and also analyzing the open interest so you can decide how to set and manage your orders.
Pro Its one of the very few sites that allows you to hold virtual GOLD besides Bitcoin
It gives you several virtual cards(they are like savings account tied with a prepaid credit card that can be used on the internet to make payments). The most notable of them being in EUROS(EUR), Bitcoin(BTC) and GOLD(XAU).
Pro Low fees
They have removed fees for some of the most popular currencies like BAT and XRP and compared to other wallets listed here their fees are some of the lowest.
Pro The virtual cards allow you to shop without the need for exchanging your Bitcoin(or your GOLD)
You can shop on Amazon or similar sites, and pay with the BTC virtual card, the due payment will be converted to bitcoins and then deducted from your card's balance.
Pro Quickest way to buy BTC
Pro Friendly staff
The staff will help on their social media channels and also through their support ticket system without issues.
Pro Trustworthy and reliable service
Never worry about depositing money or withdrawing, UPHOLD have been the best wallet in crypto.
Cons
Con High fees for credit/debit card purchases
Bitstamp charges a flat 5% for all credit/debit card purchases, regardless of purchase amount.
Con Not so great for cryptocurrency beginners
Bitstamp is not the best platform for those unfamiliar with cryptocurrencies in general — the live trading platform and UI can get too overwhelming for beginners due to information overload.
Con Few transfer options for loading up the balance.
Has trouble working with payment sites like Paypal, and also with South American Banks. You will just have to check if they accept yours.
