Ultimate guide on how to
buy Bitcoin Cash on Bitstamp

Step by step overview on how to buy Bitcoin Cash on Bitstamp

Bitstamp is a European based cryptocurrency marketplace founded in 2011. It allows people from all around the world to trade Bitcoin Cash with ease. Its main priority is to provide safety and security to clients’ personal information. The platform also offers a low-fee way of exchanging large amounts of digital currencies and currently belong in the top ten for its trading volumes.

Here you will find easy-to-follow steps on how to start buying Bitcoin Cash on Bitstamp.

Sign-up an account on Bitstamp
Change your Bitstamp account password
Verify your Bitstamp account
Secure your Bitstamp account by setting 2FA
Fund your Bitstamp account
Start trading on Bitstamp

1. Sign-up on Bitstamp

Click here to go to the Bitstamp site.

On the homepage hit on ‘Register’ or ‘Create Account’ to start. how to register on Bitstamp

Provide your First and Last Name, E-Mail address and Country. Tick on the ‘Agreement’ and ‘I’m not a robot’ boxes and click Register.

how to register on Bitstamp

Your registration is now complete. Check your email for the Customer ID and Password.

how to register on Bitstamp

The image below is a sample email with an ID and Password.

how to register on Bitstamp

Awesome! You now have an account with Bitstamp.

2. Change your Bitstamp account password

On your first log-in, you will be prompted to change the password provided to you. To do this, click on the Log-in tab on the upper right of the screen.

how to change your Bitstamp password

Enter the Client ID and Password given to you via email and hit Log in.

how to change your Bitstamp password

Fill in your current and new password in the fields provided and hit Change Password.

how to change your Bitstamp password

After changing your password, you will be asked to log-in to your account again.

how to change your Bitstamp password

On this page, you will see a message informing you that your password change is successful.

how to change your Bitstamp password

Nice! You have successfully changed your Bitstamp password.

3. Get verified on Bitstamp

For you to make deposits and withdrawals as well as unlock other essential features on Bitstamp, we will now go ahead and ‘Verify’ your account.

From where you left off after changing the password, click on the link as shown below.

how to verify your Bitstamp account

There are two account types on Bitstamp. If you are an individual and only represents yourself, you will have to choose ‘Personal Account’ and ‘Corporate Account’ if it’s for company use.

In this example, let’s select Personal Account Verification.

how to verify your Bitstamp account

Complete the form by supplying your Personal Information.

how to verify your Bitstamp account

Follow the instructions regarding the submission of documents under the ‘ID Document’ section and provide the information required on the form.

how to verify your Bitstamp account

Upload your documents and supply the details as required. Once done click on Submit Verification Request. Bitstamp support will notify you by email regarding the status of your request.

how to verify your Bitstamp account

After your request is approved, go to the KYC Form section and supply the necessary information. Doing so may help process your deposits and withdrawals more efficiently.

To do this, tick your name that appears in the upper right corner of the page, and then click View my account> Verify Account> KYC Form. Make sure to provide all the information in each field and hit on ‘Submit’ once finished.

how to verify your Bitstamp account

Perfect! Your Bitstamp account has been verified.

4. Secure your Bitstamp account by setting a 2-factor authentication (2FA)

What is 2FA?
Two-factor authentication, also known as 2FA, is an extra layer of security or added protection which we refer as multi-factor authentication. Not only the username and password are required but also a piece of information that only a user possesses. This process is to confirm a user’s claimed identity.

The 2FA process helps lessen the number of identity theft cases and as well as phishing via email. It would be harder for potential intruders to gain access and steal someone’s identity and personal data without that piece of information that only the account owner knows.

In the case of exchanges what the user has are his/her login details such as the username and password. The form of 2FA that a user possesses for this instance is a token or code. The code can be received either through SMS on a user’s mobile phone or via applications like Google Authenticator or Authy.

In this step, we will utilize the Google Authenticator app to enable 2FA on your Bitstamp account. On the left side of the page, locate ‘Security’ and click on it.

Check this if you want to learn more about Google Authenticator.

how to set 2fa on Bitstamp

Hit on the ‘Enable Two-Factor Authentication’ button to proceed.

how to set 2fa on Bitstamp

After downloading the Google Authenticator app on your smartphone, scan the QR code and enter the 6-digit number generated by the app on the ‘Verification code’ box. Click ‘Enable Two-Factor Authentication’ to complete the process.

Note: Write down your ‘Authentication Key’ as this is essential if you lose your phone.

how to set 2fa on Bitstamp

The last phase of this step is now complete with 2FA being set-up successfully on your Bitstamp account.

how to set 2fa on Bitstamp

Below is an example of a 6-digit code from the Google Authenticator app.

how to set 2fa on Bitstamp

Excellent! Bitstamp is now safe.

5. Funding your Bitstamp account

Funding your Bitstamp account can be done in different ways. Here, we will show you how to deposit through an EU Bank (SEPA).

SEPA stands for Single Euro Payments Area. A payment integration initiative of the European Union of bank transfers that the euro currency dominates.

Our first step is to change the Trading Pair. We will deposit EUR and buy ETH as an example. In the upper left section click on BTC/USD and select ETH/EUR.