Coinjar or Bitstamp?

Over the years the use of digitalized money has replaced tangible cash for transactions in business and corporate sectors. It is worthwhile to know which of the online trading organization is most suitable to your business.

Variety of use and advantages

The online transactions carried out using Bitstamp and Coinjar is associated with a transaction ID that helps to identify whether a potential seller or buyer has transferred his payment. Bitcoins unlike tangible cash cannot be counterfeited and are non-refundable involving little investment.

Coinjar or Bistamp

Coinjar based in Australia allows users from all over the world to proceed with transactions whereas Bitstamp is more beneficial for people in the European nations.

Location and Versatility

Coinjar is based in Australia whereas Bitstamp is based in Europe. The use of Bitstamp is restricted to Europe and any of the EU 28 countries. Coinjar therefore allows users, irrespective of their location to set up the online trading platform.

Fiat Money

Coinjar supports the trading of British Pound, Australian dollar, Euro and US dollar. Bitstamp on the other hand is more appropriate for the transactions involving Euro and US dollar. Other currencies are not allowed at the present moment.

Ease of Use and User Friendliness

The usage of Coinjar and Bitstamp both depend on the familiarity of the user with the online trading system. For a novice, Coinjar is more appropriate as it allows a simple mechanism to transact money online. Bitstamp however expects a professional to be handling the trading as it incurs significant fees for trades.

Customer Support using Feedback ensuring Safety

Bitstamp’s team of representatives has given their customers with solutions to their issues within little time. Unfortunately for a few people Bitstamp has not responded on time.  Coinjar is quicker in their response to client issues.

Safety of Use and Fees

Bitstamp keeps their customer’s funds in cold storage vaults that drive out the threat of data leakage. The files uploaded to the Bitstamp website are encrypted to ensure security. Coinjar on the other hand lets user’s data to be available to its employees.

What should you go for?

If you are a beginner in the field of bitcoin trading Coinjar is a better choice for you as maintenance fees and transfer fees are nominal. Being an intermediate user it is wiser to opt for Bitstamp as it is faster in response to Coinjar. Thus to sum it all up this debate is open to all willing to participate in bitcoin transactions.