Bitstamp Review 2024: Features, Fees & Security

Bitstamp offers experienced traders advanced trading features via Tradeview. 

Tradeview is an advanced analytical trading tool that advanced users can use to track and analyze the state of the crypto market. 

Despite being an advanced trading platform, Tradeview has a simple interface that allows users to easily place new orders and view existing orders. 

Tradeview has 5 important elements: order book, trades, trading charts, active orders, and depth charts. 

Order Book

This section is located at the bottom of the Tradeview page and it displays queued orders that have not been executed. 

The Orders are color coded for easy identification. The bids are colored green while the asks are color-coded red. The “asks” are on the right-hand side of the page while the “bids” are on the left-hand side of the page. 

The Order book section also displays the total sum of both bids and asks, the value of the order and the amount to be traded. 

Depth Chart 

This chart displays all limit buy and sell orders open on the order book, as well as, all the information the user needs about the relationship between the supply and demand of supported cryptocurrencies. 

Just like the order book, the lines on the depth chart are color coded. The red lines represent the sell orders while the green line is for the buy order. 

Each dot on the line shows how much a user can trade up to that point. The depth chart does not display stop orders because stop Orders do not appear in the order book. 

The lines on the chart are drawn by plotting the dots. There is, however, a spread in the middle, as both buy and sell lines do not meet. 

Also, the slopes on the red and green lines show how much money a user needs to move the price of a crypto asset. 

A steep line means that more money is required to move the price of the asset, a vertical line shows that there is a large amount of Buy or Sell orders at the price where the wall is located while a flat line means that less money is required to move the price. 

Trading Chart 

The Trading Chart is the central feature of Tradeview. It shows a visual representation of market price movements within a selected time frame. Users can adjust the time from 1 minute to 3 days by using a panel located at the upper left-hand side of the price chart. 

The trading chart features different trading indicators that users can use to predict future market movements. Available trading indicators include Relative Strength Index, Ichimoku Cloud, and Moving Averages. 

The default chart type for Tradeview is the Candlestick chart. However, Bitstamp Tradeview has other chart types like bar charts and line charts that users can switch to. 

Orders 

This section allows users to place different orders. Supported orders include market orders for buying and selling crypto using fiat currency, limit orders, intent orders, and stop orders. 

This section is located on the right-hand side of the Tradeview page. It also features a list of open orders. 

Trades 

This section displays all recent sales and purchases of supported cryptocurrencies executed by the Bitstamp trading engine. It features 3 columns; the tile column, the price column, and the amount column. 

The prices on the price column are color coded. The green prices are purchases while the red prices are sales. 

As already stated, Bitstamp Tradeview is straightforward to use. To place a Limit order on Tradeview, do the following: 

Open Tradeview and click “Buy” or “Sell” on the Trading chart. Once you do this, a form will appear on the chart. 

Input the amount of BTC you wish to buy or sell. Alternatively, enter the amount of USD you wish to receive or spend. 

Drag and drop the horizontal line to set the price at your desired amount. 

Finally, click “Buy” or ” Sell” to finalize your offer. If you wish to place a conditional order, click on “Add if Order”. 

To cancel the Limit order, go to the “My Open Orders” column and click on the cancel button (X)