One of the longest-running crypto exchanges for fiat-to-crypto.
One activity feed, classified in Bitwave
Bitwave reads the Bitstamp transaction history, which combines trades, deposits, withdrawals, and fees, and classifies each entry by type using Bitstamp's trading pair information.
Read permissions and nothing more
The connection needs permission to read balances and transactions and nothing more, so your Bitstamp credential never carries trading or withdrawal rights and Bitwave cannot act on your funds.
Balances available for validation
Bitwave pulls Bitstamp account balances each time it updates, so your team can compare exchange balances with the balances Bitwave derives from imported transactions when validating a period.
How it works
Bitwave connects to Bitstamp with an access credential you create under API access in your Bitstamp settings, limited to reading balances and transactions.
Once the credential is added, Bitwave brings the account's transaction history and balances into the subledger, where trades, deposits, withdrawals, and fees are categorized and reconciled.
The workflow:
- Create a Bitstamp access credential with balance and transaction permissions and add it in Bitwave.
- Bitwave brings in trades, deposits, withdrawals, fees, and balances.
- Categorize the imported records, with rules handling repeat counterparties.
- Reconcile the period and push the results to your general ledger connection or journal entry reports.
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Bitstamp is often used as a fiat on- and off-ramp, so the accounting interest is in matching fiat deposits and withdrawals to trades and tracking fees. Bitwave reads the account's activity feed and classifies it so those movements arrive in the subledger with their type and fee attached.
For the finance team, Bitstamp trades receive cost basis and gain and loss treatment, fiat and crypto transfers are categorized as funding movements, and balances are captured for validation, keeping Bitstamp activity reconciled as part of the regular close.
Complete. Transparent. Secure.
ERPs
Sync data in real-time and eliminate manual errors. Bitwave seamlessly integrates with your existing back-office software for easier reporting.
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Blockchains
Bitwave supports tokens on the Bitcoin, Ethereum (All ERC-20 tokens + Layer 2), Solana, NEAR, and more. We are constantly adding support for new Blockchains.
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Custodial Wallets
Bitwave currently supports Fireblocks, NYDIG, BitGo, and Anchorage custodial wallets. We are constantly adding support for new Custodial Wallets.
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DeFi Protocols
This is just a sample of the DeFi protocols we support. Click below for the full offering of DeFi integrations currently in place, with more being added each day.
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Exchanges
This is just a sample of the key Exchanges we support. Click below for the larger offering of Exchanges supported, with more being constantly added.
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Multi-Signature Wallets
Bitwave supports a variety of multi-signature wallets, such as Gnosis Safe, Zebec, and Electrum. We are constantly adding support for new Multi-Signature Wallets.
