Bitstamp vs Crypto.com | Is Either Exchange Worth Using Today?
Jack Moreau
Apr 2024
10 min read
Fact checked
Are you stuck deciding between Bitstamp vs Crypto.com? Our comparison takes a close look at crucial factors like registration process, KYC requirements, available products, trading fees, and user experience. Stay tuned and make an informed choice about the exchange that's right for you!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
When it comes to trading cryptocurrencies, there are a plethora of options available. Two popular exchanges that have been around for a while are Bitstamp and Crypto.com.
Bitstamp was founded in Slovenia in 2011 and is headquartered in Luxembourg. It has over 400 employees and is available in over 100 countries with a focus on the European market.
As one of the oldest continuously-operating cryptocurrency exchanges, Bitstamp has a long-standing reputation and a mature approach to the industry.
Bitstamp exchange
It offers a secure and transparent platform for over four million customers who can choose from over 80 cryptocurrencies including BTC, ETH, LTC, XRP, USDT, USDC and more.
Bitstamp's servies are also available on mobile where their Android app has been downloaded over 500,000 times with a weak 3.7 rating based on 12,000 reviews.
Bitstamp app
Crypto.com was founded in Singapore in 2016 by Kris Marszalek and Bobby Bao. It has over 4000 employees and is available in 180 countries including the United States and Canada.
For derivatives and margin trading products, restricted countries include Cyprus, Czech Republic and Denmark.
The Crypto.com Exchange launched in 2019 and offers a comprehensive platform providing a range of services, including spot trading, staking, and lending.
Crypto.com exchange
The exchange enables users to trade over 250 popular cryptocurrencies such as Bitcoin, Ethereum, and its native CRO token.
Crypto.com boasts an impressive 80 million users worldwide with over 10 million downloads on its Android app, which has a stellar 4.6 rating based on over 400,000 reviews.
Crypto.com app
So while Bitstamp has the longer history, Crypto.com offers more variety and features and has also grown it's user base at a much faster pace than Bitstamp.
Bitstamp vs Crypto.com Signup & KYC
When it comes to signing up for an exchange, there are a few things to keep in mind regarding KYC and verification times.
Bitstamp requires all of their users to pass KYC in order to use their services. The signup process takes less than a minute and all you need to fill in is your full name, email, date of birth and country of residence.
Once that's done, you'll need to complete the KYC verification process. If everything goes smoothly, it can take just a few minutes to get verified.
Bitstamp signup
Crypto.com also requires KYC for all trading and other features available on the platform. However, signing up with Crypto.com takes even less time than Bitstamp. In just under ten minutes, including the KYC verification process, you'll be ready to trade.
The KYC verification process with Crypto.com requires users to provide their full legal name and a picture of a government-issued ID. If everything checks out, you'll be good to go in no time.
Overall, both exchanges have similar KYC requirements, but Crypto.com has a faster signup process. For those that prefer to trade without KYC requirements, we recommend signing up and using two exchanges in particular, Phemex and OKX.
Bitstamp vs Crypto.com Crypto Products
Bitstamp is an exchange that provides a small selection of products such as spot trading for over 80 cryptocurrencies.
This includes popular digital assets like Bitcoin, Ethereum, Cardano, Polkadot, Cosmos, Solana and more.
Bitstamp spot trading
In addition to trading, Bitstamp also features staking and lending services for coins such as BTC, ETH, USDC, USDT, and others.
These services enable users to earn rewards by holding certain cryptocurrencies in their account or earn interest on their digital assets.
Bitstamp earn
Bitstamp also offers powerful APIs and professional trading tools that cater to more experienced traders who require sophisticated tools to execute their trading strategies.
When it comes to user experience, Bitstamp offers a user-friendly platform that makes it easy to buy and sell crypto either through the exchange or via the app.
Overall, the website is easy to navigate as the company only offers a limited selection of crypto products.
Compared to Bitstamp, Crypto.com offers many more trading services with over 500 spot trading pairs and over 100 futures, perps, and warrents.
Crypto.com margin trading
Crypto.com offers product and services tailored to traders such as futures, perps and margin trading.
Crypto.com Perpetual Trading
They also offer trading bots to help out with basic functionality such as dollar cost averaging and grid trading.
Crypto.com DCA Bots
Crypto.com also offers more beginner friendly products such as lending and borrowing of digital assets, the Crypto.com cardwith cashback and an NFT marketplace.
Earn with Crypto.com
The user experience on Crypto.com is pretty ok overall with a good variety of products and services. The exchange satisfies the needs of both professional traders and more average beginners with spot and futures products.
Crypto.com Cryptocurrencies
In terms of liquidity, Bitstamp has an average daily spot trading volume of $140 million, while liquidity on Crypto.com is in the top 20 category with daily spot trading volumes in the range of $100-$300 million.
Crypto.com USPs
Overall, Bitstamp focuses on a providing a very small selection of products while Crypto.com has done a much better job of creating a wide service offering tailored to beginners, professional traders and even institutions.
When it comes to trading fees, Bitstamp does not manage to reach the low trading fees offered by Crypto.com.
Let's start with Bitstamp which charges a spot maker fee of 0.30% and a spot taker fee of 0.40%. These rates are bit higher compared to many other ecxhanges on the market.
Bitstamp trading fees
Bitstamp does however offer a rebate program for traders who hit monthly trade volumes exceeding $1,000. This way, you can get your maker fee lowered to 0.2% which can add up to significant savings over time.
Now, let's take a look at Crypto.com which charges a fantastic spot maker fee of 0.075% and a spot taker fee of 0.075%.
Crypto.com spot fees
These fees are some of the lowest on the market. Similar to Bitstamp, Crypto.com also offers the possibility for users to further reduce their fees if they trade a lot.
Crypto.com Futures Fees
If you hit monthly trade volumes exceeding $250,000 or if you hold at least 1000 CRO tokens, Crypto.com will lower your trading fees accordingly.
This can be a great way to maximize your profits and minimize your costs, especially if you are a frequent trader.
Bitstamp and Crypto.com both offer deposit options for fiat currencies. Let's take a closer look. Bitstamp supports USD, EUR, and GBP for fiat deposits.
They offer a range of deposit methods including wire transfer, ACH, SEPA, Faster Payments (FSP), and debit/credit card deposits.
Bitstamp fiat deposits
ACH, SEPA, and FSP deposits are free of charge while wire transfers come with a minimum fee of $7.5. Instant purchases via debit/credit card come with a 4-5% fee.
On the other hand, Crypto.com only supports USD and EUR for fiat deposits via wire transfer and SEPA deposits.
The good news is that there are no deposit fees when depositing USD and EUR on Crypto.com. However, the downside is the limited options for fiat deposits with only wire transfers available.
When it comes to withdrawing your funds, Bitstamp and Crypto.com offer a number of options for their users.
Starting with Bitstamp, users have the choice of withdrawing their funds via Wire, ACH, SEPA or FSP.
While SEPA withdrawals come with a fee of 3 EUR and FSP withdrawals with a fee of 2 GBP, ACH withdrawals are free of charge and Wire withdrawals come with a fee of $25.
When it comes to withdrawing cryptocurrencies on Bitstamp, Bitcoin users can expect a fee of 0.0005 BTC, 0.0006 ETH for Ethereum and 0.01 SOL for Solana. While USDT withdrawals are charged a very high 20 USDT.
Crypto.com offers fiat withdrawals for USD and EUR via bank transfer. However, this option is completely free of charge making it a great option for those looking to withdraw funds in USD and EUR.
Withdrawing Bitcoin on Crypto.com comes with a lower fee of 0.0001 BTC while Ethereum withdrawals come with 0.04 ETH and Solana withdrawals with 0.03 SOL. USDT withdrawals are charged a high 10 USDT on Crypto.com.
Bitstamp and Crypto.com are both popular cryptocurrency exchanges, but they offer different features and benefits.
Bitstamp has been around since 2011 and focuses on the European market while Crypto.com was founded in 2016 and is available in 180 countries.
Bitstamp has only a small selection of 80 cryptocurrencies available while Crypto.com offers over 250 plus a wider range of products and services, including spot and futures trading, staking, lending, and an NFT marketplace.
Bitstamp has an average daily spot trading volume of $140 million while Crypto.com is in the top 20 category with daily spot trading volumes in the range of $100-$300 million.
When it comes to fees, Bitstamp trading fees are unfortunately not competitive while Crypto.com has some of the lowest fees on the market.
Both exchanges offerfiat deposit and withdrawal options, but Bitstamp has a wider range of options, while Crypto.com offers completely fee-free USD withdrawals.
Despite having been around for many years, Bitstamp unfortunately has not managed to create a very compelling unique selling point for retail users.
Crypto.com easily beats it by offering more cryptocurrencies and products in addition to lower trading fees overall.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
