Bitstamp is a bitcoin exchange based ter Luxembourg. Spil of it wasgoed the world’s 2nd largest by volume. [Two] It permits trading inbetween USD currency and bitcoin cryptocurrency. It permits USD, EUR, bitcoin or Ripple deposits and withdrawals. The company is headed by CEO Nejc Kodrič, a widely known member of the bitcoin community, who co-founded the company ter August 2011 with Damijan Merlak. ter his native Slovenia, but zometeen moved its registration to the UK ter April 2013, then to Luxembourg te .
The company wasgoed founded spil a European-focused alternative to then-dominant bitcoin exchange Mt. Gox. While the company trades ter US dollars, it permits money to be deposited through the European Union’s Single Euro Payments Area, permitting a relatively quick, low cost way of transferring money from European handelsbank accounts to purchase bitcoins.
When incorporating ter the United Kingdom, the company approached the UK’s Financial Conduct Authority for guidance, but wasgoed told that bitcoin wasn’t classed spil a currency, so the exchange wasn’t subject to regulation. Bitstamp says that it instead regulates itself, following a set of best practises to authenticate customers and deter money laundering. Te September 2013, the company began requiring account holders to verify their identity with copies of their passports and official records of their huis address. Te the Luxembourgish government granted a licence to Bitstamp to be fully regulated te the EU. The licence is usable around the 28 member states of the EU. This will help the industry become more secure, sturdy and semitransparent.
Bitstamp offers an API to permit clients to use custom-built software to access and control their accounts. [Three]
Bitstamp additionally acts spil a gateway for the Ripple payment protocol.
Ter February 2014, the company suspended withdrawals for several days te the face of a distributed denial-of-service. [Four] Bitcoin Tijdschrift reported that people behind the attack sent a ransom request of 75 bitcoins to Kodrič, who refused due to a company policy against negotiating with “terrorists”. [Five] Days after restoring service, Bitstamp temporarily suspended withdrawals for a few users spil a security precaution due to enlargened phishing attempts. 
Ter January , Bitstamp suspended its service after a hack across which less than Nineteen,000 bitcoins were stolen.