Bitstamp is a regulated crypto exchange, but it has become a frequent target of Bitstamp scams impersonating them — this guide will help you understand the risks and how to protect yourself.
TL;DR Summary
- Bitstamp is legitimate and regulated, but scammers often impersonate it.
- Most real Bitstamp complaints involve slow support or withdrawal delays.
- Scams include phishing emails, fake support agents, and investment schemes.
- Bitstamp was acquired by Robinhood in 2024, boosting its legitimacy.
- If you think you’ve been scammed, freeze your account and consult a tracing expert.
Bitstamp Scams: FAQ
Is Bitstamp legitimate?
Yes. Bitstamp is a fully licensed and regulated cryptocurrency exchange founded in 2011, with a long track record and oversight in the EU, UK, and the U.S.
Is Bitstamp a Crypto Exchange?
Absolutely. Bitstamp is a centralized crypto exchange offering trading pairs for over 80 cryptocurrencies, including BTC, ETH, and XRP.
Is Bitstamp a Hot Wallet?
Not exactly. Bitstamp is a custodial exchange that uses both hot and cold wallets internally, but it is not a personal hot wallet like MetaMask or Trust Wallet.
Is Bitstamp the First Regulated Bitcoin Exchange?
Yes. In 2016, Bitstamp became the first EU-licensed cryptocurrency exchange after receiving approval in Luxembourg.
Did Robinhood buy Bitstamp?
Yes. Robinhood acquired Bitstamp in June 2024 for $200 million to expand its global crypto footprint.
Can I trust Bitstamp?
Yes, as long as you use the official site and don’t fall for impersonation scams. Bitstamp itself is secure and compliant.
Is Bitstamp lending safe?
Bitstamp does not offer direct lending services. Be cautious of third parties claiming to offer Bitstamp lending.
Can you withdraw money from Bitstamp?
Yes, although users occasionally report delays, especially for fiat withdrawals. KYC requirements may cause temporary holds.
How does Bitstamp make money?
Bitstamp generates revenue through trading fees, fiat-crypto conversion fees, and institutional services.
Bitstamp Crypto Exchange Overview
Bitstamp is a well-established cryptocurrency exchange founded in 2011. It operates under European regulatory oversight and was the first crypto exchange licensed in the EU. In 2024, Robinhood acquired Bitstamp, signaling trust from mainstream financial platforms. Bitstamp serves retail and institutional traders and supports over 80 cryptocurrencies.
Is Bitstamp a Scam?
No, Bitstamp is not a scam. It’s one of the most regulated and longest-operating exchanges in the industry. However, it has become a target for scam tactics, especially phishing emails, fake customer service agents, and social media impersonators. Search trends like Bitstamp scams Reddit and Bitstamp scams email reflect real user concerns — usually not with Bitstamp itself, but with third-party scammers misusing its name.
Common Bitstamp Scams and How They Work
1. Phishing Emails
- You need to reset your password or 2FA
- A withdrawal failed and needs confirmation
- Your account is locked
These emails often contain malicious links that lead to fake login pages.
2. Fake Bitstamp Support
Scammers posing as Bitstamp on Reddit, Telegram, or via email may ask for your credentials or remote access to “help” fix an issue.
3. Investment and Lending Bitstamp Scams
Scammers claim Bitstamp offers investment packages or lending returns. Fact: Bitstamp does not offer personal lending or managed investment products.
Real Bitstamp Complaints and Reviews
Bitstamp’s negative reviews are typically about:
- Withdrawal delays (especially fiat transfers)
- Customer support being slow or unresponsive
- KYC verification times
These are reflected in Bitstamp reviews on Trustpilot and forums. While frustrating, they do not indicate Bitstamp is a scam.
Bitstamp vs Binance: Which Should You Trust?
| Feature | Bitstamp | Binance |
|---|---|---|
| Regulation | EU Licensed | Partial / Ongoing scrutiny |
| Ownership | Robinhood (since 2024) | Privately held |
| Withdrawal Experience | Slower but more compliant | Faster, sometimes higher risk |
| Best For | Regulated, conservative use | High-frequency, low-fee trading |
Bitstamp Robinhood Acquisition
In 2024, Robinhood acquired Bitstamp for $200 million. This acquisition gave Robinhood a global crypto footprint while giving Bitstamp users more stability. The exchange continues to operate under the Bitstamp name.
In June 2025, Bitstamp users received an official email confirming the integration under Robinhood. The announcement highlighted a renewed focus on security, compliance, and global expansion. It reassured users that services would remain uninterrupted and invited them to a livestream event titled “To Catch a Token” on June 30th, offering a first look at upcoming features from the combined platform.
What to Do If You’re Targeted by Bitstamp Scams
- Freeze your account if you suspect unauthorized access.
- Change passwords and re-enable 2FA.
- Report the incident to support@bitstamp.net.
- File a cybercrime report in your country.
- Consult a crypto tracing team if funds were stolen.
How to Stay Safe on Bitstamp
- Only log in at https://www.bitstamp.net
- Ignore emails from unofficial domains or misspelled senders
- Enable 2FA and use withdrawal address allowlists to restrict transactions
- Never share your password, 2FA codes, or seed phrases
- Verify any support conversation through the Bitstamp website
Bitstamp Scams: Conclusion
Bitstamp is a trustworthy, regulated exchange — but it’s not immune to impersonation scams. If you trade there, stay alert for phishing messages, fake support agents, and fraudulent investment offers. As long as you verify all communication and follow security best practices, Bitstamp remains a safe choice for crypto trading in 2025.
If you’ve encountered a Bitstamp-related scam, book a free consultation with our tracing team. Subscribe to ScamBitcoin.com to stay ahead of evolving threats and receive expert insights.
Our Old Bitstamp Review (from 2017)
Bitstamp (bitstamp.net) is one of the largest bitcoin exchanges, and indeed, one of the first regulated exchanges of the European crypto currency market. They are quite popular in many countries, especially in the United States, Germany, the UK, Spain and Italy. The operation is apparently focused on keeping its business model as simple as possible: it supports three digital currencies, Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP), and two fiat currencies, EUR and USD. Despite the simplicity of the approach and the regulated nature of the exchange, the user feedback regarding their services is less than stellar, to say the least.
Before we get into that though, let’s take a closer look at what Bitstamp offers under ideal circumstances. The exchange supports market orders as well as advanced orders, but it doesn’t feature derivatives and margin trading. That isn’t exactly a shortcoming though: both of those instruments are high-risk ones, which open up new scamming avenues and generally more opportunities for abuse.
The Bitstamp website doesn’t make any unrealistic promises, nor does it entice its customers to join various bitcoin mining schemes. The About Us section gives a detailed picture of who we’re dealing with on a corporate- as well as personal level. Founded in Slovenia in 2011, Bitstamp is currently registered in Luxemburg, where the financial authorities have granted it a Payment Institution License.
The main headquarters of Bitstamp Ltd. is located in London, at 5 New Street Square, EC4A 3TW, UK. The company has offices in several other locations too though. In Luxemburg, the corporate entity behind the operation is BitStamp S.A, and it’s headquartered at 10 rue Antoine Jans, L-1820, Luxembourg. The operation has a corporate presence in the US as well: Bitstamp USA Inc. is located at 99 Hudson Street, 5th Floor, New York.
The CEO of Bitstamp and its face is Nejc Kodric. He’s seconded at the helm of the operation by Chairman Dan Morehead and fellow Director Damijan Merlak. The main investor behind the Bitstamp brand is PanteraCapital.
At least in theory, the company can be contacted via email through info@bitstamp.net and press@bitstamp.net. Their phone number is +44 20 8133 5474.
It is obvious that in this regard, Bitstamp don’t have anything to hide. Their corporate background looks clean and they’re willing to share information. Let’s not forget that Bitstamp are also licensed and regulated.
Bitstamp Regulation
Bitstamp submitted its application for a Payment Institution License to the Luxemburg authorities in 2014. In 2016, they were finally granted the license, officially entering the regulatory fold of the EU. The issuer of the said license is the Luxemburg Ministry of Finance, while the regulatory authority is the Luxemburg Financial Industry Supervisory Commission. What this licensing deal means for the operator is that it has to fulfill a series of strict requirements, like the implementation of a series of anti-money laundering procedures, it has to submit monthly financial reports and it needs to have a mandatory internal auditor. All these requirements are supposed to make the exchange safe and trustworthy for its users as well for the authorities under whose jurisdiction it operates. Despite fulfilling all these factors, Bitstamp seems to fall well short of the mark when it comes to the test of user feedback.
The Bitstamp website is by no means a new one and it has plenty of domain authority too. Scores of high-profile crypto currency sites link to it, so there are no problems in this regard either. The organization which has registered the URL is Bitstamp Europe S.A., and the registrant data is public, including the above disclosed Luxemburg address.
Bitstamp User Feedback
Despite the fact that it has thus far checked all the right boxes legitimacy-wise, Bitstamp has some issues when it comes to customer satisfaction. To make a long story short: the majority of user feedback available about the service is – quite surprisingly – negative. Complaints range from alleged lack of professionalism on the part of the exchange, to trading platform-related issues and malicious intent.
One person for instance has complained about how the exchange got him hooked, by handling his first $1,000 deposit very professionally. Subsequently, he allegedly made a much more substantial deposit, which got lost along the way somewhere, with the exchange never admitting to having received it.
Others users have brought up the jurisdiction of the operation (Luxemburg) as a negative (essentially alleging tax-dodging and lax regulation-shopping on the part of the operator). Still others have slammed the service as expensive, unfriendly, with a buggy trading platform.
Obviously, such feedback always needs to be taken with a grain of salt, as there may be competitors out there fanning the flames in this regard, but it does indeed have to be considered, especially when there are barely any positive user reviews out there to act as a counterbalance.
Bitstamp support has been slammed as well, and this issue has indeed been admitted by site officials too. Apparently – for the time being – the operator simply doesn’t possess the resources to offer a proper service in this regard.
The verification process has also been called way too tedious and the support staff assisting with it unhelpful and unfriendly. Perhaps the worst allegations are aimed at Bitstamp’s past security failures. According to some users, the exchange was hacked, on one occasion after system administrator Luka Codric made the uninspired choice to open an email attachment, from a message sent by a group he thought was seeking Bitstamp’s membership.
Such issues could in fact result in the loss of user funds, thus explaining the theft-related complaints.
Customers from certain jurisdictions (Canada) are apparently completely ignored at Bitstamp. While the operation does indeed seem geared towards an EU-based clientele, such practices are just plain unprofessional.
Bitstamp Review Conclusion
Bitstamp makes a peculiar case indeed. Scam test-wise it seems to tick all the right boxes, but the downright abysmal user feedback makes all that quite redundant. Still, it would certainly be a mistake to just proclaim it all a scam. The exchange doesn’t seem to act in bad faith at all, but its apparent lack of professionalism can indeed have major negative repercussions.
To be on the safe side, we recommend to AVOID using Bitstamp.
Read other Bitcoin and Crypto Currency Exchange Reviews.
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