One of the most well-known exchanges in India, Bitbns offers fantastic services. Buyhatke Internet Private Limited, the company’s parent, was established in 2015. Currently, Bitbns offers over 100 cryptocurrencies on its platform, offering a straightforward, user-friendly interface that makes it easy for users to trade, buy, and sell cryptocurrencies at the lowest prices. Bitbns, launched in December 2017, has more than 1.2 million users and a $ 24 million trading volume daily. One of the top-ranked cryptocurrency exchanges among Indian users is this one. The exchange is well known for its excellent customer support, which is available every day of the week, around the clock. To learn more about services, costs, security, and this platform all in one place, read this Bitbns review.
Overview Of Bitbns Headquarters In India
- Official website https://bitbns.com
- 2017 discovery
- local token Yes
- 100+ listed cryptocurrencies
- 120+ trading pair
- supporting fiat money INR
- India is a supported country.
- a 100 rupee minimum deposit
- no deposit fee
- BNS transaction costs are 0.25 percent.
- When using BNS, the fee ranges from 0.2500 to 0.0300 percent (VIP 0 to VIP 9).
- Withdrawal fee It differs among various cryptocurrencies.
- Yes, application
- Customer service is available around-the-clock using email, tickets, FAQs, and social media.
Bitbns Exchange: What Is it?
According to Bitbns review, the site has offered Indian customers the best crypto trading experience since it first launched. This bitcoin exchange may only be used in India, and to sign up, users must have a phone number with an Indian area code. Non-resident Indians are not permitted to use this exchange’s services.
Bitbns is well-known trading site for buying, selling, and exchanging cryptocurrencies. Additionally, they provide a variety of cryptocurrencies at the moment of exchange. On this exchange, tokenized assets can also be traded. Our Bitbns review reveals that this cryptocurrency exchange only supports Indian Rupees as a fiat currency and only provides crypto to fiat and fiat to fiat combinations. Traders can also use common electronic or hardware wallets to store their money. The programs in Bitbn’s investment portfolio are varied, and it is refreshed every month.
Investors should be advised that this site requires a minimum investment of Rs 100. Additionally, the website offers customers financial calculators and other helpful features. This cryptocurrency exchange offers referral programs and teaching materials to educate new traders on blockchain technology, the most recent updates, news, crypto trading, and other topics.
How Does Bitbns Exchange Work?
Registration- According to our Bitbns review, the first step is registering with the platform. To do this, traders must visit the Bitbns website and click the sign-up button. Traders must provide basic details such as name, email address, bank details, phone number, and secure password. When you receive an OTP to your registered mobile number and enter the OTP, you will be redirected to the platform dashboard to start trading.
Bitbns History- IIT alums who are passionate adopters and members of Bitbns’ founding team. They were familiar with cryptocurrency before they launched the platform. They have developed several products that have helped their clients in decision-making. In December 2017, they created a cryptocurrency exchange to offer people entry into the world of cryptocurrencies. Additionally, Bitbns provides security and top-notch customer service straight away.
KYC protocol- Investors should check the KYC process if they want to deposit or withdraw fiat money. You will need to offer your address and a national identity number to establish your age if you want to withdraw your cryptocurrency. To complete the Bitbns KYC process, these national identification credentials include a passport, an Aadhar card, a Pan card, and a voter ID card.
Begin trading- After completing the KYC procedure, customers will be directed to the platform interface, where they may begin trading, claiming a Bitbns review. By stating the quantity and price of cryptocurrencies, they can make the purchase and sell orders. The submit button must be clicked to place an order.
Bitbns Attributes
This platform aims to offer a straightforward and user-friendly interface. Additionally, it offers helpful data like price charts, purchase orders, and order histories. Statutory deposits are supported in Indian Rupee, according to numerous Bitbns evaluations. It offers customers the option of using third-party wallets and gives traders the best wallet for keeping cryptocurrency. In addition to having a newspaper that focuses on blockchain, cryptocurrency news, information, wallet opinions, blockchain guides, and crypto exchange news, Bitbns has a social media presence on Facebook, Reddit, and Telegram. Traders can configure price alerts for several order types, including limit orders, stop limit orders, and bracket orders. Gives details on past transactions, including price and volume. You can create a trailing stop limit if the trader chooses to place a bracket order.
The Services That Bitbns Exchange Offers
Users of Bitbns can immediately deposit and withdraw INR using a bank account or a peer-to-peer trading system. Users can also trade Bitcoin and other alternative cryptocurrencies. Additionally, we provide margin trading, enabling users to lend and borrow any accessible cryptocurrency per their needs. Bitdroplet is a platform created by Bitbns and is another product offered by Bitbns. This enables investors to make money and cryptocurrency investments using a planned, systematic acquisition strategy. Users can only invest in Bitcoin at this time. FIP (Fixed Income Plans), another investment program offered by Bitbns, provides interest rates of up to 13 percent on a quarterly, monthly, weekly, and annual basis.
Cons & Pros Of Bitbns
Pros
- Offer a user interface that is basic and easy to use.
- Offers a variety of coins and tokens.
- The withdrawal process is quick and has a minimal trade fee.
- The Bitbns app has excellent usability.
- Offers its users a referral program.
- Bitbns refreshes its currency portfolio frequently.
- Offers new traders’ training materials.
Cons
- For fiat deposits, only Indian Rupees are accepted.
- The Bitbns account registration process
- The initial step in using the Bitbns platform is to create an account on the trading site.
- The investor should provide contact information, such as their name and phone number.
- An OTP will be delivered to their mobile number.
- They are brought to the site’s dashboard, where they can begin trading after entering the OTP in the appropriate area.
Type Of Bitbns Order
Stop limit orders, often referred to as conditional orders, are offered by Bitbns and are carried out when specific criteria are satisfied. The limit order is immediately entered into the order book when the trigger price of a listed stock is reached. When traders are certain about specific price movements, they can enter and exit the cryptocurrency market. On Bitbns, a trailing stop limit order is available that offers a stop limit interval for the user’s additional safety. The risk can be reduced for users by obtaining 3-in-1 brackets. This order combines an entrance order, a trailing stop-loss order, and an exit order.
Bitbns Withdrawal And Deposit Methods
The investor can use the trading interface to deposit money into the wallet using INR after completing the verification process. You must click the wallet button to bring the trader to your account page. You must click Add Funds to Wallet on the account page and follow the on-screen directions. Money can be placed through NEFT, UPI, RTGS, IMPS, and NEFT. Customers can also use their credit card, debit card, or online banking to deposit INR utilizing the Mobikwik deposit option.
Withdrawal
Withdrawing INR from trade is quick and simple. On the platform’s interface, the trader must click the wallet button. The user will be directed to an account page where they must select the withdrawal button. The amount they want to withdraw must then be entered. Their bank account will get the funds.
Deposit
When Bitbns users login into their account, they need to click the wallet button to go to their account page. The account page shows the number of cryptocurrencies remaining in your account. Next, you need to click the Deposit button for the cryptocurrency you want to generate a wallet address. This address is used to deposit the cipher in the wallet.
A small withdrawal fee will be charged if an investor wants to withdraw cryptocurrencies. When a trader logs in to his account, he needs to click on the wallet that takes him to the account page. Next, you need to select the preferred currency withdrawal button and specify the amount of cryptocurrency you want to withdraw and the destination address of the cryptocurrency.
Accepted Payment Methods For Bitbns
These are the payment options that Bitbns accepts. Investors can transfer money using the following methods:
- NEFT
- UPI
- IMPS
- RTGS
Countries & Cryptocurrencies Supported By Bitbns
Numerous Bitbns reviews claim that the company solely works with Indian consumers. It supports more than 100 cryptocurrencies at the moment. Among the cryptocurrencies that Bitbns supports are Neo, Binance Coin, Ethereum, Litecoin, and many others.
Top trading pairs that Bitbns Exchange supports include:-
- BUSD/INR
- USDC/INR
- USDT/INR
- BTC/INR
- CHR/INR
- ETH/INR
- BTC/USDT plus a few others
Bitbns API
The goal of Bitbns projects is to allow users to create projects that work with the Bitbns API. You can see the ticker API page on the website. A window displays the latest price and volume data when the trader clicks on it. Since its inception in September 2018, this API transaction has established itself as one of the most popular cryptocurrency exchanges. Users choose this platform more often because it offers a variety of benefits and services.
Bitcoin Referral Program
Bitbns users can participate in the affiliate program. The seller must authenticate their account if they wish to participate in this program. Once the verification process is complete, the referral link will be available to your seller’s account.
A referral is any friend or family member who clicks on the user’s link and signs up for the trading exchange. The user will receive 10% of the referral’s trades as commission if they begin trading without first going through a verification process.
Fifty percent of the commission fees will be put to the user’s account, and 100 net worth of bitcoin will be credited to the referral’s account once they begin trading after being authenticated.
Mobile Bitbns App
Customers of Bitbns’ iPhone and Android mobile apps can download them. It is simple to use. The app is quick and does all desktop functions. Traders can deposit fiat currency via the mobile app, and the cash will be credited to their accounts quickly. The application interface is extremely clean and sophisticated and makes it easy for users to navigate the app. This application clearly displays purchase orders and other information on a small screen.
Btnbns Arbitrator App
Users can benefit from this trade to obtain the Arbitrager app and enjoy a flawless experience. To investigate arbitrage opportunities between Bitbns and Binance, gate.io, Huobi, and Kucoin, use the Bitbns extension or mobile app.
Btnbns Security
Bitbns provide modern technologies and top-notch security architecture. This offers your data, bitcoin funds, and wallets a high level of protection. To further secure a user’s account, it allows two-factor authentication. Additionally, exchanging cryptocurrency is simple on this platform. Unauthorized entries won’t be able to access this exchange.
Customer Support for Bitbns
Numerous Bitbns reviews claim that this cryptocurrency exchange offers its consumers top-notch customer service. The exchange’s customer support is quite simple and speedy. When traders have a question, they answer right away. Additionally, if you have a query, you may send an email or tweet on the Twitter account for your business to receive a prompt response.
Bitbns Review 2023: Summary
We can infer from Bitbns review that it is one of the most well-liked cryptocurrency exchanges and provides the quickest method of exchanging cryptocurrencies in India. Additionally, it has tabs for markets, trading tools, margin trading, and other topics. The trader must finish the KYC procedure to withdraw funds from this cryptocurrency exchange. The lack of leverage offered by this exchange is one of its key issues.
Many cryptocurrencies and tokens are available on this exchange; however, all have reasonable transaction transfer costs. Because it offers a range of learning resources on cryptocurrencies, blockchain, crypto trading, etc., to assist you in comprehending the platform, new users will find this exchange quite simple.
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