Bitbns Review
Effortless Way Of Trading Cryptocurrencies
Overview
Bitbns is a cryptocurrency exchanger that was launched in 2017. This company has been providing services for about 5 years now and it’s already on its way to becoming one of India’s best sites to buy cryptocurrency exchanges.
Bitbns is a platform that offers the best cryptocurrency exchange trading experience to it’s customers. Users need an Indian phone number in order to sign up and use this exchange, because Bitbns does not provide services for non-resident Indians.
Bitbns is a cryptocurrency trading platform where you can buy and sell cryptocurrencies. It also offers many different cryptocurrencies on its exchange; tokenized assets can be traded here too. Bitbns exchange platform offers crypto-to-crypto conversion and crypto-to-fiat pairs as well as providing only the Indian rupee in fiat currencies. For traders who want to use standard electronic wallets or hardware wallets to store their money, Bitbns Investment Portfolio includes numerous programs which are updated every month for users convenience.
About Bitbns
Bitbns is one of the prominent players in India and is widely known around the world. It has Indian rupees as a cryptocurrency-fiat currency pair on its Indian platform. There are no other fiat funds on Bitbns, so the company mainly relies on the global cryptocurrency exchange list market that has followed strict guidelines for cryptocurrency platform.
There’s no mobile app for the web terminal, which some traders consider a disadvantage, but others view it as a blessing because it makes no difference if you’re away from home or work; It provides most popular cryptocurrencies including tokens with leverage for margin trading, which is not available on the other platform. In addition, it provides convenient investment tools like automatic investments, which cost just $1 to activate, that require little effort.
There’s also plenty of training materials such as videos available online if you’re still new to investing in cryptocurrencies despite its availability only in the English language–another consideration when looking at bonuses offered by brokers – should be something customers take into account before choosing their service provider.
What Is Bitbns Exchange?
As per our Bitbns India review, this platform offers the best cryptocurrency trading experience to its Indian customers. To sign up on the exchange, users need a phone number with a Indian code. This exchange does not allow non-resident Indians to use its services – only traders from India can avail of it.
Bitbns is a well-known trading platform for exchanging and buying cryptocurrencies; tokenized assets can also be traded on this cryptocurrency trade as you search through various pairs like top crypto trading platform to fiat or crypto (BTC) for other coins. The company provides fiat currencies in INR, which means that one has options right? In addition to standard wallets and hardware wallets where traders store their money, there are investment portfolios at Bitbns too. The investor should keep in mind that he/she must deposit INR 100 before using any service offered by them.
How Does Bitbns Exchange Work?
Registration
If you would like to start trading on Bitbns, the first thing you need to do is register by visiting their website and clicking the ‘Sign-up’ button. This process will require basic information such as your name, email address, bank account details and phone number as well as a strong password. After registering successfully with an OTP sent to your registered mobile phone number via an SMS service provider, they are taken directly in front of their dashboard where they can begin trading.
KYC Procedure
The investor should verify their KYC requirements for fiat currency withdrawals or deposits if they want to use Bitbns. If the user wants to withdraw cryptocurrencies, they need to provide an ID that has address and date of birth information on it. This can include a passport, Aadhar card, pan card or voter’s id card in India.
Start Trading
We reviewed Bitbns and found that after completing the KYC process, users are taken to the platform’s dashboard. They can place an order to buy or sell cryptocurrencies. After clicking on “submit,” their order will be placed.
Bitbns History
Bitbns was founded in December of 2017, by members who were enthusiastic adopters of cryptocurrencies. They knew about cryptocurrencies before starting the platform and had developed products for customers to help with decision-making processes. Bitbns also has an excellent customer support from the beginning, as well as a cryptocurrency exchanger that offers people easy and simple user interface.
Top Cryptocurrency Exchange
There are many cryptocurrency exchanges to choose from. Some have high fees, some have good security, and others are reliable and beginner-friendly. CoinSwitch’s goal is to make it easier for you to choose the best exchange for your needs.
CoinSwitch is a cryptocurrency exchange aggregator, which means we collect information about the top cryptocurrency exchanges and display them on our website in one place. This means you can compare the top cryptocurrency exchanges and choose the best one for your needs. CoinSwitch is a crypto-to-crypto exchange, which means you can trade crypto without fees pairs without having to register with a specific crypto exchange first. You can use credit, debit, or bank transfer as payment methods. This page will help you find the best cryptocurrency exchanges for your needs.
The cryptocurrency exchange you need might not be listed here. If you want to find a cryptocurrency exchange that isn’t listed on CoinSwitch, check out our exchange directory . You can also check out our list of the top cryptocurrency exchanges to find a cryptocurrency exchange that fits your needs.
Types Of Orders On Bitbns
Bitbns pay login offers stop-limit orders, also known as conditional orders which are executed when certain conditions are met. When the trigger price is reached, a limit order is placed instantly on the order book. The trader can exit or enter the crypto market at any time they want to be absolutely sure about specific price momentum.
Bitbns Fees And Limits
Bitbns fee has a flat trading fee of 0.25% for traders who hold $25 worth of Bitbns login tokens and use their native BitBNS token price inr to trade. If you borrow cryptocurrency using margin, the interest will be paid by the lender, they need to bitbns pay voucher a 15% commission on their principal while borrowers are not charged any fees.
For withdrawal purposes, if you want to withdraw Bitcoin then there is an additional charge of 0.0005 BTC when withdrawing funds out with Bitbns; otherwise depositing cryptocurrencies in your account does not incur any charges at all.
Bitbns Deposit And Withdrawal Methods
For Bank Deposit or Withdrawal
Deposit
To add money to your bitbns wallet in INR, the investor needs to complete a verification process. After they are verified, they can then deposit funds into their wallet by clicking on the “wallet” button and following instructions. They also have more options when it comes to depositing funds. Users may use IMPS/NEFT/UPI/RTGS or credit card, debit card or internet banking with Mobikwik as an option.
Withdrawal
If the trader would like to withdraw INR, it is easy and fast. The user must click on the wallet button from their dashboard to reach an account page that has a withdrawal button. After this, they need to enter how much money they want to be withdrawn then send it into their bank account.
For Cryptocurrencies Deposit or Withdrawal
Deposit
When you first log in to your BitBns account, you will see the wallet button, which will take you to the account page. The second thing you must do is click on their preferred cryptocurrency (e.g., BTC) and it will generate an address for them that they can use to deposit cryptos into their personal wallet with BitBns.
Withdrawal
A small withdrawal fee is charged for investors seeking to withdraw their money in cryptocurrencies, when you need to login into account and see their cryptocurrency wallet page, you must first enter “crypto name” on the search bar and select the cryptocurrency they want to withdraw. Then, enter how many tokens of that cryptocurrency you wish to transfer (in USD) and where they should be sent.
Bitbns Supported Cryptocurrencies & Countries
On Bitbns website, it is mentioned that the exchange supports only Indian customers. Currently, Bitbns supports more than 100+ cryptocurrencies with Bitcoin and Ethereum being two of them. Some other supported currencies are Litecoin, Solana, DOT and Binance coin just to name a few.
BitBNS User Guide: How to get started on Bitbns?
To start trading on BitBNS, users must register and create a new account. The first step is to visit the official website of BitBNS. Once there, tap on the signup option which can be seen at the top 10 crypto exchanges of their homepage. Users are required to provide an email ID as well as a secure password when registering for this platform- make sure that both fields are correctly filled out before submitting, To verify your account in order to trade crypto without fees, click “verify” next to your registered email address after receiving an automated confirmation via mail from Bitboards. This will send you another verification link which you should open in order to check authenticity of users.
In order to deposit funds onto this platform and begin trading crypto platform like Bitcoin cash BCH/USD pair or Ethereum ETH/USD pair deposits need to be done through wire transfers within one business day after notification by the bank about transaction money receipt has been received otherwise pending transactions may get reversed automatically without any prior notice given.
Is BitBNS a scam?
There has been a lot of people who have called BitBNS a scam. BitBNS exchange was created in 2017 and had many hiccups since then due to poor customer services or issues that were unchecked by their staff members. Many customers weren’t happy about these things but once they voiced their complaints on the Facebook community, they were solved almost immediately and looked into thoroughly by management team members.
BitBNS Is a Secure Crypto Exchange In India?
BitBNS says that they utilize the best sites to buy crypto currency, highest-grade technologies for their platform. Their security is also up with Grade A standards. They claim in addition that users’ data and trading volumes are both secure from harm as well so long as you have enabled 2FA via Google Authenticator.
How good is BitBNS’s customer support?
Users can raise a ticket for customer support through their website or bitbns app. The platform also has FAQ page to answer general queries on website. Users can reach BitBNS and access their resources in the company’s official Telegram channel besides this.
Should You Use BitBNS To Buy Your Bitcoins?
BitBNS is an Indian crypto exchange that offers various services and special features to the cryptocurrency space. It has better, revolutionary features than most other exchanges present in India. They were also the first one to implement a new technology called Defi and they offer their users BNS token in inr pair as well.
Bitbns Referral Program
Bitbns offers an affiliate program for its verified traders. Once the verification process is completed, a referral link becomes available on their account.
Any friend or relative who follows this user’s link and registers on the trading exchange will become a referral when they complete that registration process. If the referral starts trading without being verified- meaning they don’t go through Bitbns’ detailed KYC / AML processes- no payments will be made to them and 10% of any commission fees generated by these trades go back to their referrer.
If your referred trader has been approved (meaning it went through Bitbns’s KYC/AML processes) then 50% of all commissions are given back as part of our rewards system; while INR 100 net worth in BTC is deposited into your referrals account at signup!
Bitbns Mobile App
It is very easy to use; the app is quick and does all the operations that can be performed on desktop computers. You can deposit your fiat money through their mobile application, which will credit it to your account in less than a few minutes. The user interface of this application is very simple and sleek; it helps users navigate through the bitbns app easily. This application clearly displays order books as well as other information with small screens.
Features
- This platform is designed in such a way that it provides an easy-to to use and simple interface. It offers price charts, order books, and order history for your viewing pleasure.
- It sounds like Bitbns is a good platform for traders who want to store their digital currency, It supports fiat deposits in INR.
- Bitbns has a significant social media presence on Telegram, Reddit, Facebook and in the newsroom where they cover cryptocurrency-related information including blockchain guides and general crypto exchange app news.
Pricing
Fees for both makers and takers are the same (0.25%). This is in-line with the global crypto exchange industry average, as well. It should also be noted here that many exchanges have trading fees that are reduced if you trade a larger volume of bitbns coin; you’re incentivized to trade more by these lower costs. The exchange rates listed in this review and on our comparison table do not include any such volume discounts.
Bitbns Withdrawal Fees
- Bitbns has a lower withdrawal fees than the average when withdrawing BTC. For every 0.0005 BTC that you withdraw, Bitbns charge an almost 40% lower fee than the industry average of 0.0008 BTC per withdrawal.
Pros
- most of the popular cryptocurrencies and tokens are available to trade.
- convenient, browser-based trading terminal with a functional design.
- The process of ordering a hardware wallet for cryptocurrencies;
- A referral program in which both participants benefit.
- Withdrawal processes are quick and charge a low trading fee.
- With a simple and easy-to-use interface, this website is very user friendly.
Cons
- Indian rupees are the only type of fiat currency that is represented in this range.
- Only Indian Rupees can be used for fiat deposits.
Conclusion
Bitbns offers a best cryptocurrency trading platform with favourable terms for popular cryptocurrencies, as well as an intuitive and easy-to-use interface. The web terminal supports all the basic functions. Bitbns only deals in Indian rupees which are not featured in the range of fiats offered by other exchanges. Novice traders can get detailed tutorials on how to use it while earning passive income through automated investing and referral bonuses, if they refer others who sign up for accounts at BitBns.
