While Bitstamp is one of the longest-running cryptocurrency exchanges, some users find its limited coin selection, complex interface, or customer service delays to be significant drawbacks. This article will explore what Bitstamp offers, detail the reasons you might seek an alternative, and present other platforms to consider for your banking and global payment needs.
What is Bitstamp?
Established in 2011, Bitstamp is one of the oldest cryptocurrency exchanges, facilitating trades between fiat money and digital currencies. The platform emphasizes security through comprehensive insurance, cold asset storage, and holds over 50 global licenses.
The exchange uses a tiered fee structure based on trading volume, with lower fees for higher volumes. While many deposits are free, withdrawals and credit card purchases may have associated costs, and the platform also deducts a fee from staking rewards.
What to Consider When Selecting a Bitstamp Alternative?
When searching for a platform to replace Bitstamp, it's important to weigh several key aspects to find the right fit for your needs:
- Fees and Pricing Structure:Evaluate the platform's transaction, deposit, and withdrawal fees to ensure they align with your trading volume and budget.
- Cryptocurrency and Fiat Support:Check if the exchange supports the specific digital and traditional currencies you intend to trade or manage.
- User Interface and Experience:Consider how intuitive the platform is, as a complex interface can be a significant hurdle, especially for new users.
- Customer Support:Look into the availability and responsiveness of customer service, as timely assistance is vital when managing funds.
- Security and Regulation:Verify the platform's security measures and regulatory compliance to protect your assets and ensure a trustworthy environment.
If these considerations resonate with your priorities, explore the alternatives detailed in the next section to find a platform that better suits your financial operations.
10 Best Alternatives to Bitstamp
1. OneSafe
OneSafe is a finance platform built to modernize banking for businesses, especially those in the Web3 and crypto industries. We offer the tools for straightforward fund management, fast payments, and access to both traditional and digital assets.
Our platform enables a direct 1:1 conversion from USD to USDC on Polygon, simplifying payroll and expense management for global teams. We also provide streamlined onboarding, frictionless transfers, and responsive customer support tailored for companies in the digital asset space.
Pricing
Here's a look at our straightforward pricing:
- Free Account Basics: We offer free account opening and maintenance, no monthly subscription fees, free virtual and physical card issuance, and no minimum balance requirements.
- 0.1% US Domestic Transfers: A low fee applies to both ACH and standard wire transactions within the United States.
- 0.2% International Payments: This competitive rate applies to SEPA payments in EUR and international wires, which also include a standard $50 SWIFT fee.
- 0.1% Crypto Transactions: This fee applies to USDT transactions, while our fiat-to-crypto conversions are included at market rates with no hidden costs.
- 3% Corporate Card FX: This fee is for any spending on your corporate card in a currency other than USD.
Reviews
Clients consistently praise our platform for solving major operational headaches and providing exceptional customer support tailored to the demands of Web3 companies.
- “OneSafe has the best customer support I've ever experienced from a bank.” - Amit Chu, Investments @ Celo Foundation
- “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.” - Marco, CEO of Ensuro
Want to solve your banking headaches? Check us out here.
2. Currensea
Currensea is a UK-based financial technology company offering a travel debit card that connects directly to a user's existing bank account. This card is intended to provide an alternative to traditional high-street banks for foreign currency transactions.
The service operates on real-time exchange rates, removing the need to top up or transfer funds before use. It also sends immediate notifications detailing spending and savings, which can be viewed through its app.
Pricing
Here's their pricing at a glance:
- Free Essential:This plan has a £500 monthly card spend limit at the real-time rate, after which a 1% fee applies. ATM withdrawals are fee-free up to £200 per month, with a 2% fee thereafter. A one-time card delivery fee of £4.95 is also charged.
- £39.95 Annually Pro:This plan includes all Essential features, market-leading exchange rates, unlimited fee-free card spending, and fee-free ATM withdrawals up to £500 per month.
- £150 Annually Elite:This plan contains all Pro features but increases the fee-free ATM withdrawal limit to £750 per month and adds other benefits.
Reviews
Common topics in user reviews include the card's functionality, transaction notifications, and exchange rates. Some users have reported issues with card acceptance in certain locations and expressed concerns about customer support responsiveness. Check out more Currensea reviews here.
3. Anna Money
ANNA Money is a UK-based financial service provider that offers business accounts designed for small to medium-sized enterprises, freelancers, and creative professionals. The company provides a platform for managing various aspects of business finances.
Users can open an account in under 10 minutes and utilize integrated tools for invoicing, receipt scanning, and tax calculations. The service also includes 24/7 customer support, expense management by matching photos of receipts to transactions, and payroll services that facilitate bulk payments.
Pricing
ANNA Money uses a usage-based pricing model that starts at £0 per month. Users are charged only for the services they use, and no monthly fee is applied if the account is inactive for a month.
Reviews
User reviews frequently discuss the platform's invoicing tools and customer support availability, though some reports detail problems with account suspensions and accessing funds. Check out more Anna Money reviews here.
4. Wallester
Wallester is a financial technology company specializing in corporate expense management solutions through virtual and physical Visa cards. Their platform is designed to streamline financial operations for businesses of all sizes.
The service provides real-time expense control, detailed financial reporting, and integrations with accounting software. It also supports instant virtual card issuance, multiple currencies, and offers advanced API integration.
Pricing
Wallester provides a free plan that includes up to 300 virtual cards and unlimited physical cards, with no account or minimum balance fees. For businesses requiring more cards, premium plans are available, and extra virtual cards can be added for a monthly fee.
Reviews
User feedback often centers on the platform's interface, financial reporting features, and customer support. Some reviews point to challenges with platform integration and delays in technical support. Check out more Wallester reviews here.
5. OneMoneyWay
OneMoneyWay is a digital platform providing global financial services for small and medium-sized enterprises in Europe. The company offers international transfers with local IBAN accounts, foreign exchange for over 24 currencies, and various payment solutions like SWIFT and SEPA.
The platform processes transactions at a faster rate than traditional banks and does not enforce transaction limits. It also provides virtual and physical corporate cards, business accounts, and payment terminals through regulated partners.
Pricing
Here's their pricing at a glance:
- Free Freemium: For businesses with annual revenue below £150,000, this plan includes one business account, one virtual corporate card, and higher transaction fees.
- £49/month Starter: Billed annually, this plan provides up to three business accounts, two virtual and two physical corporate cards, and lower transaction fees.
- £99/month Business: Also billed annually, this option offers up to five business accounts, unlimited virtual and four physical corporate cards, and the lowest transaction fees.
Reviews
User reviews often comment on the platform's service, staff interactions, and features, while some users note longer-than-expected processing times for account setup. Check out more OneMoneyWay reviews here.
6. Wise
Wise, formerly TransferWise, is a UK-based financial technology company founded in 2011 that specializes in international money transfers. The company provides services for over 15.5 million active customers, including individuals and businesses.
The platform facilitates transfers using the mid-market exchange rate and offers a multi-currency account for holding and managing funds in over 40 currencies. A debit card is also available for spending and withdrawing cash in different countries.
Pricing
Here's their pricing at a glance:
- From 0.57% Sending Fee: A variable fee applies to sending money, which changes based on the currency.
- Variable Receiving Fees: Receiving domestic payments in certain currencies is free, while international wire transfers have fixed fees.
- $9 One-Time Card Fee: A one-time fee is charged for the Wise Multi-Currency Card. Spending with the card is free, but ATM withdrawals over $100 per month incur additional fees.
- $31 One-Time Business Setup Fee: A one-time fee is required for businesses to receive account details in 23 currencies.
- Free Account Holding: There are no fees for holding money in the multi-currency account.
Reviews
User feedback often centers on the platform's international transfer capabilities and fee structures. Some users have reported issues such as account freezes and difficulties with customer support. Check out more Wise reviews here.
7. Bunq
Bunq is a Dutch financial technology company founded in 2012, offering mobile banking services for personal and business use across 30 European countries. The platform provides accounts with features such as multiple International Bank Account Numbers (IBANs) and multi-currency support.
It also includes a public API for developers and incorporates a sustainability focus by planting trees based on user activity and allowing investments in environmental projects. The service offers various account tiers with different features and pricing structures.
Pricing
Here's their pricing at a glance:
- Free bunq Free: For sole proprietors, includes 3 bank accounts with IBANs.
- €7.99/month bunq Core: Includes 3 bank accounts with IBANs.
- €13.99/month bunq Pro: Includes 5 bank accounts with IBANs.
- €23.99/month bunq Elite: Includes 25 bank accounts with IBANs.
Reviews
While user feedback often discusses the platform's various features, some reports point to challenges with customer support, slow response times, and difficulties in resolving issues. Check out more Bunq reviews here.
8. RelayFi
RelayFi is a financial technology company that provides an online banking platform for small businesses. The service is designed to support various business banking needs through its digital interface.
The platform allows users to open up to 20 checking accounts without fees or minimum balance requirements and offers automated savings accounts. It also provides customizable debit cards with spending controls, integrates with accounting software like QuickBooks and Xero, and is the official banking platform for the Profit First methodology.
Pricing
Here's a look at their pricing:
- $0/month Starter Plan: This plan is designed for solopreneurs and includes banking features, automated savings, and integrations with QuickBooks and Xero.
- $30/month Grow Plan: This tier is for small teams and adds features like multi-step bill approval rules and branded invoices to the Starter plan offerings.
- $90/month Scale Plan: Currently discounted from $120 per month, this plan is for larger teams and provides AI-powered automation, cash flow insights, and faster customer support.
Reviews
User feedback often discusses the platform's interface, support for the Profit First methodology, and accounting software connections, though some reports mention transaction delays and inconsistent customer support responsiveness. Check out more RelayFi reviews here.
9. Reap
Reap is a financial technology company established in 2018, providing a range of products to manage business financial operations. The company’s offerings include the Reap Card, a corporate credit card, and Reap Pay, which facilitates payments in various currencies.
The Reap Card supports bill repayments in both traditional and digital currencies and offers global coverage for transactions. Additionally, the platform provides advanced spend controls and offers API solutions for custom card programs and automated international payouts.
Pricing
Here's their pricing at a glance:
- No Annual Fee: Reap Card: The card is available with no annual or hidden service fees.
- 1.2% Handling Fee: Stablecoin Repayments: A fee is applied for repayments made with stablecoins.
- 2% Fee: ATM & FX Transactions: This fee is for ATM withdrawals and foreign exchange transactions.
- Usage-Based: API Solutions: Pricing for card issuing, payment APIs, and compliance APIs is determined by product usage.
Reviews
User feedback often points to issues with unannounced credit limit adjustments, customer service responsiveness, and financial processing. Check out more Reap reviews here.
10. VIALET
VIALET is a Lithuanian Electronic Money Institution established in 2017, offering digital banking services for small and medium-sized enterprises. The company provides dedicated International Bank Account Numbers for SEPA, SEPA Instant, and SWIFT transactions, as well as card processing solutions.
The platform supports various payment methods, including C2B, B2B, and B2C, and offers banking APIs, mass payouts, and third-party integrations. Additionally, VIALET accepts payments to and from cryptocurrency processors and provides accounts for EU-licensed crypto exchanges.
Pricing
VIALET does not publicly disclose detailed pricing information. To receive an initial price list, interested parties must complete an application, and final fees may be customized based on the business's specific requirements.
Reviews
User feedback often points to challenges with customer service, including reports of unprofessional behavior and slow response times. Some users also detail difficulties with the account opening process, citing excessive information requests. Check out more VIALET reviews here.
Which One Should You Go With?
Choosing the right financial platform depends on your specific needs, and any of the alternatives listed can be a great step up from Bitstamp. If you're a business in the digital asset space looking for straightforward fund management and dedicated support, we believe OneSafe is the ideal solution. Ready to solve your banking headaches? Sign up for OneSafe today.
