How to buy crypto-coins on Bitstamp ?

How to buy crypto-coins on Bitstamp ?

You have decided to use Bitstamp for the purchase of your crypto-currencies, but you do not know how to proceed. We explain to you how to do it by guiding you step by step.

Your registration on Bitstamp

If you want to buy crypto-currencies on Bitstamp, the first thing to do is to register on Bitstamp. It really is not very difficult, even if the site is not in French. For a start, you need to click on Open an Account in the top right corner of the screen. You will then need to enter several personal information, that is to say your name, your first name, your email and your country of residence. Once all this is completed, you will receive an email containing your login and your password. However, when you first login, you will be asked to change your password. To connect, you must click on Log In and enter the credentials that you have previously received.

However, before we go any further, we recommend that you strengthen the security of your account Bitstamp. In a first time, when you change your password, we recommend that you create a complex to prevent it from being cracked too easily. You can also add a second factor of identification. You can do it by SMS and you will receive a code on your mobile phone or use Google Autentificator.

The verification of your identity

However, before you make a deposit, your identity needs to be verified. To do this, you will need to provide your contact information in the post, but also upload multiple documents. It is a piece of valid id. It can be an identity card or a passport. In addition, you will also need to provide a proof of address. Once these documents have been verified, you can make a deposit on your account with Bitstamp.

Make a deposit on Bitstamp

To make a deposit, you will need to do it by bank transfer. To do this, you will need to visit the tab to Deposit and enter your bank details. Please note that the bank transfer is free of charge for all citizens of the European Union, as well as for the Swiss. In addition, you will be obliged to use the Euro, given that it is the only available currency on Bitstamp. You will receive the money in 1 to 3 business days and you will be notified via Bitstamp. Once your account is credited, you can finally buy crypto-currencies.

Buy crypto-currencies on Bitstamp

To buy crypto-currencies on Bitstamp, you have to click Buy/Sell. You can buy bitcoins, the only crypto-currency, proposed by Bitstamp. You can then specify the number of bitcoins you want to buy and validate if the price is right for you. Please note that you can then transfer your bitcoins on an online wallet.

What you must remember

  • On the platform Bitstamp, you can exchange Euros and bitcoins
  • To begin to do so, you must first create an account and confirm your registration.
  • To make a first deposit, you will first need to prove your identity by giving your postal address and by uploading a copy of your identity document and proof of identity.
  • You will then be able to deposit money into Bitstamp via bank transfer to buy bitcoins, you can then transfer to an online portfolio.