Getting Started

Below are instructions how to get started with Do you like to know how it works, check the information in "How does it work?"


Step 1

Register at

Step 2

Create an API-key

Step 3

Transfer money to Bitstamp

Step 4

Register at

Step 1: Register at

To get started you need to create a free account on the Bitcoin exchange:

We advice to secure your account with Two-Factor Authentication (2FA). When you enable 2-Step Verification (also known as two-factor authentication), you add an extra layer of security to your account. You sign in with something you know (your password) and something you have (a code from a app on your phone which changes every 30 seconds). When a hacker wants to access your account they need to know the password and have physical access to your phone. This makes it very difficult for hackers to access your account.
We have good experiences with the Google Authenticator -and the Authy App for your smartphone. You money (USD) and your bitcoins will be stored in your bitstamp account so  you want to be sure that nobody else can access it.
To get started with your Bitstamp account, the account must be verified by Bitstamp. For this you need identity proof (passport) and proof of residence. On the Bitstamp website you can find detailed instructions. Make sure that you read those instructions very carefully. The verification process can take up to a week.
As soon as your account is verified you can continue with step 2.

Step 2: Create an API key needs an API key to be able to trade for you. You can create the API key yourself in your Bitstamp account:
  • Login at Bitstamp in your account
  • Go to User Account menu (click top-right on user icon)

  • Click on “Settings”
  • Click on “API – Access” in the left menu on your screen

  • Do not fill in the filter fields (leave them empty)
  • Choose “Associated account” which you want to use for trading

Tip: If you want to trade yourself, it is better to create a sub-account for Cryptotrader in advance.


  • Check only the following permission fields below

  • Click on “Enter 2FA & Submit” button

You will now see the following screen

Now your API-KEY and SECRET will be shown on the screen.

  • Click on API-KEY and then copy. Paste the value in a simple text editor (like Notepad)
  • Click on SECRET and then copy. Paste the value in the text editor. The SECRET will be shown only once and cannot be shown again later.

Tip: Use a simple text editor (Windows: Notepad, MacOS: TextEditor) to copy / paste the API key / SECRET and NOT Microsoft Word. This can change the key due to its automatic formatting so that the key is no longer valid.

Both the API-KEY and the SECRET you will need later.

IMPORTANT: Click on the “Activate” API key button. You will receive an email from bitstamp with a confirmation link. Click on this link to activate your key. As soon as you have clicked the link in the email your key is valid.

Step 3: Transfer money to your bitstamp account

Before you can start trading with your Bitstamp account you must have US Dollars (USD). There are several methods: International Wire Transfer, EU bank (SEPA), Creditcard or deposit of Bitcoins.

To make an optimal return, we recommend starting with a minimum of $ 1000.  See also explanation in the FAQ.

Advice: Never invest more than you can miss. There are always risks.
Bank Transfer
To transfer money with an international wire transfer follow the following steps:
  • Login in your bitstamp account
  • Click on “Deposit” at the top of the page
  • Click then “Bank transfer”
  • Depending on your own bank choose either USD (when you have a US bank account) or EUR (when you have a Euro account)
  • Fill in the amount you want to transfer
  • Click on continue.

You will now see a screen with the information you need to do a bank transfer

Transfer now the money from your own bank account to Bitstamp using the information above:

Make sure that you include “Unique Reference” in your description of the wiretransfer.

It takes 2 – 5 business days to credit your account.

If you transfered Euros to Bitstamp you need to convert them first to USD. Cryptotrader only trades with USD. Follow for this the instructions Convert Euro to USD

After you have received the USD in your bitstamp account you can continue with step 4: Registration at


Credit Card
Follow the instructions at Bitstamp. After you have received USD in your bitstamp account you can continue with step 4: Registration at

Step 4: Registration at

Go to the registration form and fill in the required fields.

As soon as we have received your registration we create an account at and send you an email to get started.