Bitstamp Releases New Trading App for Android, iOS Devices

  • Bitstamp's new trading app features all major cryptocurrency trading pairs.
  • The app may be remotely disabled in case users lose their device. 

Bitstamp, a Luxembourg-headquartered cryptocurrency exchange, has announced the launch of a new mobile trading app for both iOS and Android operating systems.

In an announcement via Twitter, Bitstamp revealed that its newly released app allows users to conveniently create “diverse order types and real-time charts.” Explaining the trading app’s different features,Bitstamp’s official blog post noted that the new software program was designed “from the ground up” and it has “all the tools” that “advanced traders” require.

Featuring “an intuitive user interface”, Bitstamp’s app can be used to buy and sell major cryptocurrencies including bitcoin (BTC), ether (ETH), XRP, litecoin (LTC), and bitcoin cash (BCH). As mentioned in the announcement, users may also “send and receive crypto free of charge” through Bitstamp’s app.

Upgrading is 'Highly Recommended'

The key features of the app include a simple “buy/sell interface for beginners”, a more advanced “tradeview” for professional traders, and a way for users to instantly “check balances, transaction history and transaction details.” Bitstamp’s app also includes security features such as allowing users to “remotely disable the app in case” they misplace their mobile phone. As mentioned in Bitstamp’s blog post, the old version of the company’s trading app “will remain functional for now, but will be disabled after a one-month crossover period.”

Bitstamp’s management recommends that “all users switch to the new app” as soon as possible in order to take advantage of “improved performance” and more “reliability.” At present, Bitstamp’s development team is also working on “a number of upgrades for [the trading app’s] desktop platform.” This is notably a part of an “all-round effort to improve” the trading software’s user experience.

Bitstamp To Facilitate BTC Transactions On Behalf Of Major Swiss Bank

As CryptoGlobe reported recently, Bitstamp has partnered with major Swiss bank, Dukascopy in order to help the financial institution make bitcoin related transactions more accessible to its clients. Launched in 2011 in Slovenia, Bitstamp has agreed to facilitate BTC transfers on behalf of Dukascopy bank. The institution's clients will reportedly be able to make bitcoin deposits to their account with Dukascopy. These funds would then be automatically converted to USD, or other fiat currencies, and then the users would be able to trade on Switzerland’s foreign exchange (FX) markets.

As reported, the Belgium-registered investment firm NXMH acquired an 80% stake in Bitstamp, which is currently the world’s 48th largest crypto exchange in terms of trading volume, back in October of last year.