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CryptoFlare
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January 20, 2017, 02:58:25 PM
 #1

Hey . .i want to use Bitstamp to buy sell bitcoins. But it requires my personal identification, the images adderess proof and all. Is it ok to give it my personal id's. Or they will use my id in some illegal stuffs. What should i do? Also, is bitstamp, a legal? Not SCAM? For it give bitcoins at considerably lower than marketprice.  Huh  Huh
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January 20, 2017, 03:04:48 PM
 #2

Hey . .i want to use Bitstamp to buy sell bitcoins. But it requires my personal identification, the images adderess proof and all. Is it ok to give it my personal id's. Or they will use my id in some illegal stuffs. What should i do? Also, is bitstamp, a legal? Not SCAM? For it give bitcoins at considerably lower than marketprice.  Huh  Huh
Most exchanges requires that identity verifications. You can check their privacy policy to know what thy are doing with the details that you are giving them.  https://www.bitstamp.net/privacy-policy/
Afaik they were hacked before but they are comoletely operational now. People still use them so I think it's safe. Any exchange is prone to hacking anyway.
Also please delete your other thread: https://bitcointalk.org/index.php?topic=1759014.0 No need to make a multiple thread with the same topic.

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January 20, 2017, 03:18:41 PM
 #3

Hey . .i want to use Bitstamp to buy sell bitcoins. But it requires my personal identification, the images adderess proof and all. Is it ok to give it my personal id's. Or they will use my id in some illegal stuffs. What should i do? Also, is bitstamp, a legal? Not SCAM? For it give bitcoins at considerably lower than marketprice.  Huh  Huh

Bitstamp is one of the most trusted bitcoin exchanges and they've been around for a long time. As far as I know they won't be stealing your ID. And you're allowed and recommended to use watermark on the documents to prevent that.

                                                                       
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January 20, 2017, 03:29:56 PM
 #4

If you are worried about the service Itself then there is nothing to be worried about as Its the first fully licensed bitcoin exchange out there[1] so It's not a scam.
Now , for using your ID and If they are not going to use anywhere else ? I doubt it. I personally don't believe that any big company out there asks for personal information's without using them with one way or another. Still , It's up to you to share your ID or not. It kinda defeats the whole purpose of using bitcoin though , I mean bitcoin is all about being anonymous and keeping your private life.

[1] https://www.bitstamp.net/payment-institution-license/

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January 20, 2017, 03:40:21 PM
 #5

Op, if you are worried about sharing your personal information with an exchange.
Then instead of using centralized service like BitStamp you should try either p2p trading platforms (localbitcoins, paxful)
or new decentralized exchange Bitsquare - you won't be asked for any credentials while trading there.


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January 20, 2017, 03:48:15 PM
 #6

Hey . .i want to use Bitstamp to buy sell bitcoins. But it requires my personal identification, the images adderess proof and all. Is it ok to give it my personal id's. Or they will use my id in some illegal stuffs. What should i do? Also, is bitstamp, a legal? Not SCAM? For it give bitcoins at considerably lower than marketprice.  Huh  Huh

Expect that for reputable bitcoin exchange. Somehow they need customers information and real idendity so that they can take care of it in case of a fraud. In that way, it will minimize the works of finding the links to illegal money activities that will happen in the exchange. Also it's mandatory since they are a registered company.

Now that they are world's second largest exchange by volume, they need to be strict in their policy.
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January 20, 2017, 04:09:13 PM
 #7

Thanks to all for the help .. I will use bitstamp to trade btc Smiley
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January 20, 2017, 05:34:29 PM
Last edit: January 20, 2017, 06:43:36 PM by kurbeks
 #8

Don't know what is volume there. But you can try Bitcoin.de it doesn't require documents. But yes like other guys said almost all exchanges need ID document + utility bill. They won't scam you, but they will send that info to government if they ask for it. And that site can be hacked and those pictures stolen/ID data used.
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January 20, 2017, 06:28:00 PM
 #9

It's legit.

Know your customer/anti money laundering policies have been in place in EU for more than a decade, you'll would know this if you have ever played poker or sports betting online.

https://www.wired.com/2016/04/bitcoin-exchange-receives-approval-operate-across-eu/

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December 25, 2017, 08:32:21 AM
 #10

Is it even possible to trade other than BTC via mobile app?? Am I the only one who can't figure it out?
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December 25, 2017, 08:48:21 AM
 #11

Is it even possible to trade other than BTC via mobile app?? Am I the only one who can't figure it out?

Not actually traded with it yet but on mine the icon to the right of BITSTAMP at the top brings up "Select a market"

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December 25, 2017, 09:26:35 AM
 #12

Is it even possible to trade other than BTC via mobile app?? Am I the only one who can't figure it out?

Not actually traded with it yet but on mine the icon to the right of BITSTAMP at the top brings up "Select a market"

True.
But even if I choose ETH/EUR, it does not show my open orders, when I move to wallet there's only BTC address and not ETH...
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January 26, 2018, 05:40:55 PM
Merited by weeks65 (1)
 #13

UPDATE: The issue is non-security related and affects small number of users who created new bitcoin deposit address between Jan 25 4:39 PM and Jan 26 3:52 PM UTC. Our tech team is working on the solution.
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January 26, 2018, 06:03:58 PM
 #14

If you are worried about the service Itself then there is nothing to be worried about as Its the first fully licensed bitcoin exchange out there[1] so It's not a scam.
Now , for using your ID and If they are not going to use anywhere else ? I doubt it. I personally don't believe that any big company out there asks for personal information's without using them with one way or another. Still , It's up to you to share your ID or not. It kinda defeats the whole purpose of using bitcoin though , I mean bitcoin is all about being anonymous and keeping your private life.

[1] https://www.bitstamp.net/payment-institution-license/

Actually, your link from the footnote leads to a 404 page of Bitstamp.

Quote
404 error

...aaaaaand it's gone.

Page not found. The requested url was not found on our servers.


Bitstamp claimed to be licensed in Luxemburg for years but has recently removed
all references from their website. In another thread a user pointed out that only
one of the Bitstamp corporate entities has the payment institution license, but
it is not the one where most users are registered. It is proving to be very difficult
to obtain accurate information about this.

However, Bitstamp has been the best exchange in my opinion so far and I have been
using them since 2013.

If anyone is looking for another alternative with a valid license, bitFlyer has recently launched
in the US and Europe as well after originally serving only the Japanese market.
They have also been granted a valid payment institution license from Luxemburg recently:
https://twitter.com/bitFlyerEU/status/955726910427820034
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May 24, 2018, 09:37:09 AM
 #15

Bitstamp Exchange is now listed on CryptoChartIndex , Now you can get all information regarding Bitstamp Exchange on CryptoChartIndex!

CryptoChartIndex (https://cryptochartindex.com) Bitcoin Price (https://cryptochartindex.com/currency/bitcoin)
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October 30, 2018, 05:21:07 PM
 #16

Bitstamp was recently sold to a South Korean company for an unknown amount, there's a rumor that it was sold for $800 Million :O

https://coincodex.com/article/2554/bitstamp-sold-to-investment-company-nxmh-for-undisclosed-amount/

Best way to LONG/SHORT Bitcoin. Up to 66x leverage. Register on BitMax now!
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October 30, 2018, 07:19:28 PM
 #17

Much Necro
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November 07, 2018, 04:44:24 PM
 #18

Don't use Bitstamp.  They are currently not performing USD fiat withdrawals. My guess is some kind of money crunch or theft that they refuse to publicize. There are people that have been waiting over 2 months for their funds to be moved out of Bitstamp. There are people looking to spearhead a class action lawsuit against them.
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