Bitstamp by Robinhood
Centralized exchangeA long-running regulated exchange owned by Robinhood, licensed under MiCA, by the FCA and in New York.
- Spot fee
- 0.3% / 0.4%
- Coins with a halal verdict
- 0
- of those listed here
- Available in
- 2 of 3
- countries we track
- Checked
- Sep 27, 2026
Reliability
7.2/ 10
Strong licences and security certifications, but no regular attested proof of reserves.
Score updated
- Proof of reserves5.0
- Licences9.0
- Incident history9.0
- Segregation of funds7.0
- Insurance fund3.0
- Security practices10.0
Liberandum halal verdict
Suitable with care
Spot trading is fine with care; avoid Earn staking and lending and derivatives, and check each coin.
Use
- Spot trading
- Buy/Sell instant orders
Avoid
- Earn (staking, lending)
- Derivatives (perpetuals)
More details
Bitstamp, owned by Robinhood since June 2025, is a long-running regulated exchange (MiCA licence in the EU, FCA registration in the UK, New York BitLicense in the US) where spot trading with immediate settlement is available. It has no Shariah-certified product and no Shariah token screening, so a Muslim user should use spot only, avoid Earn (staking and lending) and derivatives, and check each coin separately. Spot buying and selling on Bitstamp settles immediately against the user's own balance, which meets the AAOIFI requirement of immediate exchange for currencies (Shariah Standard No. 1) and the rules on the sale of commodities in organized markets (Shariah Standard No. 20). Bitstamp also offers products a Muslim user should avoid: perpetual derivatives for eligible European customers (futures-style contracts without delivery fail the settlement test), and Earn products, where lending pays a return on lent assets (riba) and staking yields depend on the protocol and are not Shariah-certified. There is no Islamic account, no Shariah-certified earn product and no Shariah screening of listed tokens, so each coin must be checked on Liberandum before buying. Reliability is good (7.2/10): Bitstamp Europe S.A. holds a MiCA CASP licence from Luxembourg's CSSF (May 2025), Bitstamp UK Ltd is FCA-registered and Bitstamp USA holds a New York BitLicense; the company reports more than 50 licences and registrations worldwide. It holds ISO/IEC 27001 and SOC 2 Type 2 certifications, says about 95% of crypto is in cold storage and that client assets are held 1:1 and separately from corporate funds, and has been audited annually by a Big Four firm since 2016. The weak points are the absence of a regular, independently attested proof of reserves and of a disclosed reserve fund (Bitstamp cites crime insurance instead). The only major security incident was the January 2015 hot-wallet theft of just under 19,000 BTC (about USD 5.1 million), after which Bitstamp honoured customer balances in full. It holds no local licence in any Muslim-majority market, and whether it serves users in individual Gulf, African and Asian countries could not be confirmed from a primary or reputable source as of September 2026; check at sign-up.
How to use Bitstamp by Robinhood the halal way
What is allowed and what to avoid on this exchange
- Allowed
Spot
Both sides settle immediately
- Allowed
Convert
Buy/Sell screen, instant settlement
- Avoid
Staking
Earn staking, not certified
- Avoid
Savings and Earn
Earn lending pays interest (riba)
- Avoid
Margin
Trading with borrowed money
- Avoid
Futures and options
Perpetual contracts, deferred settlement
- Avoid
Loans
Borrowing on interest
- Avoid
Structured products
Fixed return, not certified
No dedicated halal product
Bitstamp has no Islamic (swap-free) account and no Shariah-certified earn or staking product as of September 2026. Its Earn section offers staking and, in some regions, lending with a return on lent assets, neither of which is Shariah-certified.
No token screening
Bitstamp does not screen listed tokens for Shariah compliance. Its listing review is a regulatory and risk review, not a Shariah screening, so each coin must be checked on Liberandum before buying.
Step by step
How to trade halal on Bitstamp by Robinhood
Open an account and pass verification
Sign up on bitstamp.net or the Bitstamp app and complete identity verification (ID document and selfie). You are assigned to the Bitstamp entity for your country of residence, for example Bitstamp Europe S.A. in the EEA or Bitstamp UK Ltd in the UK.
Deposit fiat or crypto without yield products
Use Deposit to add funds by bank transfer (SEPA, Faster Payments, ACH or wire depending on region) or send crypto from your own wallet. Avoid the 4% card Instant Buy if you can, and do not move the balance into Earn.
Trade on spot only
Buy and sell in the spot Trade view or the simple Buy/Sell screen, where each trade settles immediately against your balance. Market and limit orders on spot pairs are fine.
Avoid derivatives and Earn
Do not use perpetual contracts (offered to eligible European customers) or the Earn section: lending pays a return on lent assets (riba), and staking rewards are not Shariah-certified. Bitstamp has no Islamic account or Shariah-certified product.
Check each coin on Liberandum first
Bitstamp does not screen listings for Shariah compliance. Before buying any coin, check its halal status and methodology notes on Liberandum.
Withdraw to self-custody
Use Withdraw to move coins you intend to hold to a wallet you control, keeping on the exchange only what you actively trade.
Availability
Where Bitstamp by Robinhood serves users and under which licence
Your country:Choose your country
- European Union
- United Kingdom
- United States
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Choose your country to see availability
Available in United Kingdom
- Licence
- Bitstamp UK Ltd, registered with the FCA for cryptoasset activities under the Money Laundering Regulations
- KYC
- Full KYC (ID + selfie) required before trading
- Local currency
- GBP deposits via bank transfer
Restricted in United States
- Licence
- Bitstamp USA, Inc.: New York BitLicense and state money transmitter licences; reported unavailable in Hawaii and Nevada; derivatives not offered to US customers
- KYC
- Full KYC (ID + selfie) required before trading
- Local currency
- USD deposits via ACH and wire transfer
Available in European Union
- Licence
- Bitstamp Europe S.A., MiCA CASP licence from Luxembourg's CSSF (May 2025), passported across the EEA
- KYC
- Full KYC (ID + selfie) required before trading
- Local currency
- EUR deposits via SEPA bank transfer
- United KingdomAvailable
Bitstamp UK Ltd, registered with the FCA for cryptoasset activities under the Money Laundering Regulations
- United StatesRestricted
Bitstamp USA, Inc.: New York BitLicense and state money transmitter licences; reported unavailable in Hawaii and Nevada; derivatives not offered to US customers
- European UnionAvailable
Bitstamp Europe S.A., MiCA CASP licence from Luxembourg's CSSF (May 2025), passported across the EEA
Presence by country
No presence data yet
Reliability in detail
Overall 7.2 of 10
Proof of reserves
5.0Bitstamp states it holds client assets 1:1, that it has been audited annually by a Big Four firm since 2016, and that reserves are reconciled daily, weekly and monthly. In November 2022 it said it aimed to release a proof of reserves audit, but no regular, independently attested proof of reserves was found as of September 2026.
Licences
9.0MiCA CASP licence from Luxembourg’s CSSF (Bitstamp Europe S.A., May 2025), FCA registration (Bitstamp UK Ltd), New York BitLicense and US state money transmitter licences; over 50 licences and registrations worldwide. No licence in any Muslim-majority market.
Incident history
9.0The only major incident was the January 2015 hot-wallet theft of just under 19,000 BTC (about USD 5.1 million); Bitstamp said customer balances would be honoured in full. No major hack, freeze or client-fund enforcement action found in the last five years.
Segregation of funds
7.0Bitstamp says client funds are held in separate accounts, detached from corporate assets, with crypto at licensed custodian BitGo and fiat at regulated banks, and that it never lends or repurposes client funds without instruction. MiCA requires segregation; no segregation-specific audit report was found.
Insurance fund
3.0No disclosed reserve or protection fund with addresses or size. Bitstamp cites crime insurance but does not publish its amount or terms.
Security practices
10.0ISO/IEC 27001 and SOC 2 Type 2 certifications (stated November 2022); about 95% of crypto held in cold storage; 2FA; crypto custody with licensed custodian BitGo.
Fees
Spot trading, deposits and withdrawals
Spot trading
0.3% maker · 0.4% taker
Maker 0.30% / taker 0.40% at the entry volume tier, falling to 0.00% / 0.03% at the top tier by 30-day volume. No exchange-token discount. Card Instant Buy carries a 4% fee.
Deposits
Crypto deposits are free. Bank deposit fees depend on region and method (SEPA, ACH, wire). Card, PayPal or Apple Pay purchases via Instant Buy cost 4%.
Withdrawals
SEPA, ACH and international wire withdrawal fees are set in the official fee schedule, which could not be read directly; check it before withdrawing. Crypto withdrawal fees vary by asset.
Halal coins you can buy on Bitstamp by Robinhood
Coins with a halal verdict listed on this exchange
No coins with a halal verdict on this exchange yet
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