Comparison of Bitstamp vs Bithumb [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bitstamp vs Bithumb comparison!

Your expert: Alejandro Borja

bitstamp

Bitstamp

Your expert: Xavier Tarrasó

bithumb

Bithumb

Main points

Fees

≤0,30%

Earns

Yes

Customer service

4/5
0,10%/0,15%

Fees

Yes

Earns

4/5

Customer service


Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.1 – Reasonable fees with discounts for high-volume trading.
3.9 – Competitive fees but variable depending on the trading volume.

Level

≤0,30%
0,10%/0,15%

Brief explanation

Bitstamp structures its commission fees to accommodate both high-volume traders and casual users effectively. The platform utilizes a tiered pricing model based on the 30-day trading volume, making it highly competitive within the cryptocurrency exchange market. For lower volumes, the fees start at 0.50% per trade and can decrease to as low as 0.0% for substantial trading volumes, making it especially attractive to frequent traders. This fee structure not only enhances trading flexibility but also encourages more significant trading activity by reducing costs as users climb the tiers.
Bithumb structures its trading fees to accommodate both high-volume traders and casual users, making it an attractive platform for a broad range of investors. The fee system is tiered, based on the user’s 30-day trading volume, which incentivizes frequent trading and higher volumes. Fees start relatively low compared to industry averages, with maker fees often being lower than taker fees, which benefits those who add liquidity to the market. This structure not only supports active traders but also ensures that the exchange remains competitive and accessible to newcomers. The clarity and competitiveness of these fees contribute significantly to Bithumb’s appeal in the global crypto trading landscape.

Bitstamp

Bithumb

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Product selection

Native token

No
No

Earns

Yes
Yes

NFT marketplace

No
Yes

Cripto/debit card

No
Yes

Company information

Full name

Bitstamp Ltd.
Bithumb Korea Co., Ltd.

Regulation

Regulated in Luxemburgo
Regulated in Corea del Sur

Year founded

2011
2014

Founder

Nejc Kodrič, Damijan Merlak
Unknown

Payment methods

Transfers

Yes
Yes

Mastercard

Yes
No

Wire transfer

Yes
Yes

Card

Yes
No

Comparative table

Bitstamp FEATURES Bithumb
Bitstamp allows users to start trading with a relatively low minimum, accommodating small-scale traders effectively.
Minimum Trade
Bithumb allows relatively low minimum trades, accessible for beginners.
Bitstamp’s fee structure is competitive but not the lowest in the market, balancing fairness with service quality.
Trading and Transaction Fees
Fees are competitive but can be complex and vary by transaction type.
Bitstamp supports a robust selection of popular cryptocurrencies, catering well to both mainstream and niche market participants.
Number of Cryptocurrencies
Offers a wide range of cryptocurrencies, catering to diverse trader needs.
The platform offers a solid range of crypto-to-crypto trading pairs, providing good options for diverse trading strategies.
Crypto-to-Crypto Trading Pairs
Provides a substantial number of trading pairs, enhancing trading options.
Bitstamp is known for its clear, user-friendly website that provides extensive information on fees, policies, and trading options.
Website Transparency
Generally transparent but could improve in detailing fee structures.
Bitstamp lacks a branded exchange card, which limits its versatility for users seeking integrated payment solutions for everyday purchases.
Credit/Debit Card
Bithumb does not provide an exchange card for in-store purchases or associated benefits, which limits its utility for everyday transactions compared to some other exchanges offering this feature.
Bitstamp offers secure storage options including cold storage, ensuring high security for user funds against potential cyber threats.
Storage Offering
Provides secure storage options with advanced security features.
Currently, Bitstamp does not offer staking services or rewards, which limits opportunities for earning through investment holding.
Staking and Rewards
Offers competitive staking options and rewards for users.
Both Bitstamp’s mobile app and desktop platform are highly intuitive and reliable, though some users desire additional features.
Mobile App and Desktop
Excellent user interface on both mobile and desktop platforms.
Bitstamp provides dependable customer service, but response times can vary, especially during high demand periods.
Customer Service
Exceptional customer support with 24/7 availability and multiple languages.
Deposits and withdrawals are handled efficiently on Bitstamp with support for multiple payment methods, though some fees may apply.
Deposit and Withdraw
Efficient processes, though some users report delays during high traffic.

Key features

Analysis tools

Basic charting tools, technical indicators
Basic charting tools

Mobile APP

No
Yes

Security

High 4,9/5
High 4,9/5

Additional features

Institutional services, staking, Bitstamp Earn program, fiat on/off ramps
Margin trading, staking, Bithumb Cash rewards, institutional services

Anonymity

No
No

Key points

Available cryptocurrencies

30+
150+

User-friendliness

Bitstamp features a clean and intuitive interface that is easy for beginners to use. The platform is designed to provide a seamless trading experience, making it easy to buy and sell cryptocurrencies.
Bithumb provides a straightforward and user-friendly interface, making it easy for beginners to start trading cryptocurrencies. The platform’s design is clean and intuitive, facilitating a smooth trading experience.

Value for money

Offers good value for money with competitive fees and a reliable trading platform, suitable for both retail and institutional traders.
Offers good value for money with competitive fees and a wide selection of cryptocurrencies, though it may face regulatory challenges in some regions.

Countries of operation

Global, including United States, Canada, United Kingdom, Australia, Germany
South Korea, United States, Canada, Australia, United Kingdom

Best for

Ideal for both retail and institutional traders seeking a reliable exchange with competitive fees and a strong reputation.
Best for South Korean traders looking for a platform with a wide selection of cryptocurrencies and competitive fees.

Base currencies available

USD, EUR, GBP, BTC
KRW, BTC

Account

Trading

Bitstamp is one of the oldest and most reputable exchanges, offering high security and a straightforward trading platform. It supports a decent range of cryptocurrencies but has higher fees compared to some newer exchanges.
Bithumb is one of South Korea’s largest exchanges, offering high liquidity and a wide range of cryptocurrencies. However, it has faced security issues in the past, which could be a concern for users.

Deposit and withdrawal

Bitstamp offers a variety of deposit and withdrawal options, including bank transfers, credit/debit cards, and crypto deposits. Withdrawals are processed quickly, with competitive fees.
Bithumb offers various deposit methods, including bank transfers and crypto. Withdrawals are processed quickly, usually within a few hours. Fees are competitive but can vary depending on the method used.

Account opening process

Bitstamp offers a seamless account opening process. Users need to submit personal information and verify their identity. The process is fully digital and usually completed within a day, making it efficient and user-friendly.
Bithumb provides a straightforward account opening process. Users need to submit personal information and verify their identity. The process is efficient and typically completed within a day, ensuring quick access to trading.

KYC required?

Yes
Yes

Customer Service

Bitstamp offers extensive customer support through email, live chat, and a help center. Support is available 24/7, and the response times are quick, making it reliable for users globally.
Bithumb offers customer support through email, live chat, and a help center. The support team is responsive, but the lack of 24/7 availability may be a limitation for some users.

Security

Bitstamp offers robust security with 2FA, SSL encryption, and cold storage. It is regulated by multiple financial authorities, making it a highly secure platform for investors .
Bithumb offers robust security features, including 2FA, cold storage, and encryption. Despite its strong security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some users.

Which of these exchanges is for you?

As an expert on our website, I highly recommend Bitstamp for traders looking for a reliable and secure platform with a good range of cryptocurrencies. Its robust security measures and regulatory compliance make it a trustworthy choice. While its fees aren’t the lowest, the platform’s ease of use, strong customer service, and comprehensive trading options balance the scales, making Bitstamp a solid option for both newcomers and experienced traders in the cryptocurrency space.
As an expert on our website, I recommend Bithumb for traders looking for a robust platform with a wide selection of cryptocurrencies and high liquidity. Its user-friendly interface makes it accessible for beginners, while the depth of its market and security measures provides peace of mind. However, potential users should be aware of its complex fee structure and ensure they understand the costs associated with trading on this platform. Overall, Bithumb is a solid choice for those looking to dive into the dynamic world of cryptocurrency trading.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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