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Bitstamp vs Rainbow

Bitstamp logo

Bitstamp

Software

The original crypto exchange since 2011

From
Free
Rated
-
Full reviewWebsite
Rainbow logo

Rainbow

Software

The fun, simple, and secure Ethereum wallet

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Bitstamp trading fees are higher than some competitors; Rainbow free instant deposits and fee auto-compounding are gated behind the paid Rainbow Black tier; the vendor's own site states "Upgrade to Rainbow Black for free instant deposits, bigger rewards, and up to 100% of your trading fees auto-compounded", implying standard accounts pay deposit and trading fees
  • They diverge on capability: Bitstamp covers Spot Trading, Rainbow covers Ethereum Wallet.

Where they differ

Only the attributes on which Bitstamp and Rainbow actually diverge.

Attributes where Bitstamp and Rainbow differ
AttributeBitstampRainbow
Pricing modelfreemiumfree
PlatformsWeb, Mobile iOS, Mobile AndroidIos, Android, Chrome
Founded20112019

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Bitstamp

  • Spot Trading
  • Staking
  • Instant Orders
  • API Trading
  • SEPA
  • SWIFT
  • Credit Card
  • Web support

Only in Rainbow

  • Ethereum Wallet
  • NFT Gallery
  • ENS Integration
  • Layer 2 Support
  • Swaps
  • Ethereum
  • Optimism
  • Arbitrum

Both cover

  • Ios support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Bitstamp

  • Exchangesnot Rainbow
  • Tradingnot Rainbow
  • Compliancenot Rainbow

Rainbow

  • Walletsnot Bitstamp
  • Ethereumnot Bitstamp
  • Mobilenot Bitstamp

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Bitstamp

  • Trading fees are higher than some competitors
  • Limited selection of newer or smaller altcoins compared to larger exchanges
  • Customer service response times can be slow during high-volume periods

Rainbow

  • Free instant deposits and fee auto-compounding are gated behind the paid Rainbow Black tier; the vendor's own site states "Upgrade to Rainbow Black for free instant deposits, bigger rewards, and up to 100% of your trading fees auto-compounded", implying standard accounts pay deposit and trading fees

Pricing, plan by plan

Bitstamp

Free
  • StandardFree
    • Spot trading
    • Staking
    • Instant orders

Rainbow

Free
  • FreeFree
    • Ethereum wallet
    • NFTs
    • ENS

Which should you pick?

Choose Bitstamp if

  • You need spot trading.
  • You want to start without paying.
  • You work on Web, Mobile iOS, Mobile Android.
  • You also want staking.
Bitstamp review

Choose Rainbow if

  • You need ethereum wallet.
  • You want to start without paying.
  • You work on Ios, Android, Chrome.
  • You also want nft gallery.
Rainbow review

Questions people ask

Is Bitstamp or Rainbow better?
Neither clearly leads. Bitstamp starts at Free and Rainbow at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Bitstamp or Rainbow?
Bitstamp starts at Free and Rainbow at Free.
Does Bitstamp or Rainbow run on more platforms?
Bitstamp runs on Web, Mobile iOS, Mobile Android. Rainbow runs on Ios, Android, Chrome.
Can I use Bitstamp for free?
Both have a free tier, so you can try either at no cost before committing.
What is Bitstamp best used for?
Bitstamp is most often used for exchanges, trading, compliance. Of those, exchanges and trading are not what Rainbow is typically brought in for.
What can Bitstamp do that Rainbow cannot?
Bitstamp covers Spot Trading, Staking, Instant Orders, API Trading. Rainbow covers Ethereum Wallet, NFT Gallery, ENS Integration, Layer 2 Support. Both handle Ios support, Android support.

Answered from the vendors’ own pages

Bitstamp: When was Bitstamp founded?

Bitstamp was founded in August 2011 in Slovenia by Nejc Kodrič and Damjan Merlak.

Source
Bitstamp: Where is Bitstamp registered?

Bitstamp is registered in Luxembourg and was recognized by Luxembourg as a virtual currency exchange in 2016.

Source
Bitstamp: How many cryptocurrencies does Bitstamp list?

Bitstamp lists approximately 107 cryptocurrencies with close to 230 spot trading pairs including USD, EUR, GBP, and stablecoin base currencies.

Source
Bitstamp: Who owns Bitstamp?

Bitstamp is owned by Robinhood, which acquired the exchange to expand its cryptocurrency trading capabilities.

Source
Bitstamp: How many customers does Bitstamp have?

Bitstamp is trusted by more than 5 million customers worldwide.

Source
Bitstamp: How does Bitstamp store customer cryptocurrencies?

Bitstamp keeps most client crypto in cold storage for security and offers additional security features including 2FA and withdrawal-address whitelisting.

Source
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Related pages

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