Bitstamp – Transfer money to exchange

Step 3: Transfer money to Bitstamp

Before the crypto trader can start trading on your behalf, it is important that US Dollars (USD) are present in your own account at Bitstamp. This can be done in two ways: via bank transfer or by depositing Bitcoin.

The trader only starts when there is at least $1000 or €1000 in the linked exchange account. That is a software start condition, not a recommended deposit for return. See the FAQ.

Advice: Never invest more than you can afford to lose. There is always risk.

Transfer money by bank transfer

You can make a free SEPA bank transfer from a NL bank account to the Bitstamp account. This works as follows:

Login to bitstamp
Click on “Deposit” at the top of the screen

Then click on “Bank transfer” in the menu on the left
Choose EUR at “Select currency”
Enter the amount you want to deposit at “Amount”

Click on “Continue”

You will now see a screen with the information you need to transfer the money to Bitstamp via your own bank.

Now make a bank transfer from your own bank account (ABN-Amro, Rabo, ING, etc..) to Bitstamp:

Use Bitstamp’s IBAN number.
It is VERY important that you fill in the “Unique Reference” with the description of your bank transfer. This transfers the amount to your account and not someone else’s.

The Euros will be in your Bitstamp account within 1-3 days. You will receive an email from Bitstamp.

After that it is important to convert the Euros to Dollars at Bitstamp. Cryptotrader only trades with Dollars. See the following instructions for this: Convert from Euro to USD

If the USD dollars are visible in your bitstamp account (at the top of the screen) you can proceed with Step 4: Create a trader.