Pros
Cons
Quick Summary
| Headquarters Location | Bangalore, Karnataka, India |
|---|---|
| Fiat Currencies Supported | INR |
| Total Supported Cryptocurrencies | 162+ |
| Trading Fees | 0.25% |
| Deposit Methods | Bank Transfer, Debit Card, Cryptocurrency, UPI |
| Support | Facebook, Twitter, Instagram, Help Center Articles, Support Ticket |
| Mobile App | Yes - iOS, Android |
Welcome to our comprehensive review of Bitbns, a dynamic player within the cryptocurrency exchange landscape. This introduction serves as your guide to understanding the core aspects of Bitbns and how it may fit into your crypto trading strategy.
Welcome to a deeper dive into Bitbns, an exchange that has carved a niche for itself in the cryptocurrency market. As we peel back the layers of this trading platform, it’s important to consider the overarching context in which it operates.
Cryptocurrency trading has evolved beyond simple buy and sell orders, and exchanges like Bitbns play a vital role in facilitating an ecosystem where digital assets are as accessible as traditional fiat currencies. This continuing exploration will shed light on the nuances that make Bitbns a hub for crypto enthusiasts—and how it handles money, details, and funds with care and precision.
About Bitbns
Bitbns, established in 2017 by Prashant Singh and his team, has quickly emerged as a prominent cryptocurrency exchange in India. The platform’s focus on simplifying the buying and selling of digital assets has won it a loyal user base.
From its inception, Bitbns has prioritised a user-friendly experience while expanding its service offerings to include a variety of innovative features.
Since its inception, Bitbns has navigated through the tide of regulatory changes and market volatility, demonstrating resilience in a sector where longevity is not guaranteed. Prashant Singh’s vision for a platform that transcends the typical boundaries of digital coin trading has seen Bitbns embrace a process that simplifies the complexities of cryptocurrency for novice traders.
The exchange’s journey is a testament to the dynamism of the crypto industry, evolving with trends and fostering a space where Indian money can interface with global digital currencies.
Bitbns has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram and YouTube.
Bitbns has a mobile app on both the Apple App Store and Google Play.
Bitbns Supported Cryptocurrencies
Bitbns supports trading on over 162 cryptocurrencies on their platform. This exchange currently supports 21 of the top 30 market cap cryptocurrencies.
View all cryptocurrencies Bitbns supports
- 1INCH
- AAVE
- ACT
- ADA
- ALGO
- ALPHA
- ATOM
- ATT
- AVA
- BAKE
- BAL
- BAND
- BAT
- BCH
- BECOIN
- BLZ
- BNB
- BNS
- BNSD
- BNSG
- BNT
- BTC
- BTT
- BUSD
- CAKE
- CAS
- CHR
- CHZ
- CLOAK
- CNW
- COMP
- CRIC
- CRPT
- CRV
- CVT
- DAI
- DASH
- DBC
- DCR
- DENT
- DEP
- DETO
- DGB
- DGD
- DOGE
- DOT
- EFX
- EGLD
- ENJ
- EOS
- EOSD
- ETC
- ETH
- ETN
- EURT
- FET
- FIL
- FOHO
- FTT
- FUN
- GARI
- GAS
- GLM
- GRS
- GRT
- HBAR
- HGET
- ICP
- ICX
- IXT
- JULD
- KAI
- KLAY
- KMD
- LET
- LINK
- LOOM
- LRC
- LSK
- LTC
- LUNA
- LUNC
- MANA
- MATIC
- MKR
- MYNE
- NCASH
- NEAR
- NEO
- NEXO
- NRG
- ODDZ
- ODEM
- OM
- OMG
- ONT
- ORBS
- ORO
- PART
- PCNT
- PHB
- POC
- POLY
- POWR
- PUNDIX
- PUSH
- QKC
- QLC
- QTUM
- RAGE
- RAM
- REP
- REQ
- RFOX
- RFR
- RFUEL
- RUNE
- SAND
- SERO
- SFM
- SG
- SIA
- SKY
- SNX
- SOL
- SOUL
- SPRINK
- STMX
- SUB
- SYLO
- TEL
- THETA
- TLC
- TLM
- TRACE
- TRX
- TWT
- UNI
- USDC
- USDT
- VET
- VRA
- WAN
- WAVES
- WBTC
- WEMIX
- WIN
- WPR
- XAUT
- XCAD
- XEM
- XLM
- XMR
- XRP
- XTZ
- XVG
- YFI
- YFII
- ZEBI
- ZEC
- ZIL
- ZRX
Trading Experience
Bitbns offers an intuitive trading experience, underpinned by a well-designed trading dashboard and a suite of trading tools. The platform is engineered to cater to the needs of traders looking for a smooth trading journey.
Features such as price alerts, 3-in-1 bracket orders, and a comprehensive set of trading options enhance the user experience for trading cryptocurrencies.
The trading experience on Bitbns is characterised by a trading dashboard that offers both depth and breadth, catering to the varied preferences of traders. With the inclusion of features such as the combination of entry order types like stop-limit orders and 3-in-1 bracket orders, traders can execute strategies with precision and downside protection.
The exchange’s commitment to facilitating a seamless trading journey is evident in its 24-hour trading volume and the array of assets available for margin trading.
Bitbns Fees
Understanding the fee structure of a crypto exchange is crucial for traders. Bitbns employs a competitive fee model that aligns with industry standards.
The platform charges transaction fees, which are designed to be fair and transparent, taking into account factors like trading volume and the type of transaction performed.
Bitbns has crafted a fee model that caters to the dynamic needs of its users without compromising on transparency. The transaction fees, while not explicitly detailed here, are structured to encourage active trading, ensuring that traders can operate with a clear understanding of the costs associated with their transactions.
Fee structures are critical in maintaining the delicate balance between offering utility and ensuring the sustainability of the trading platform.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer) | 0% |
| Deposit Fee (Debit Card) | 0% |
| Trading Fee | 0.25% |
| Withdrawal Fee (Bank Transfer) | 0% - 9 INR |
Bitbns supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC. The average across all other exchanges that we've reviewed is 0.000461 BTC. This means Bitbns charges above the industry average by 8.51%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.
Bitbns has a maker/taker fee schedule which you can see below.
| Level | 30d Trade Volume | BNS Balance | Fees (Pay With BNS ON) | Fees (Pay With BNS OFF) |
|---|---|---|---|---|
| Explorer | ≥ 0 USDT | < $100 | 0.2500% | 0.25% |
| VIP 0 | < 6,000 USDT | ≥ $100 | 0.1875% | 0.25% |
| VIP 1 | ≥ 6,000 USDT | ≥ $200 | 0.1725% | 0.25% |
| VIP 2 | ≥ 80,000 USDT | ≥ $1,000 | 0.1500% | 0.25% |
| VIP 3 | ≥ 5,00,000 USDT | ≥ $2,500 | 0.1125% | 0.25% |
| VIP 4 | ≥ 20,00,000 USDT | ≥ $10,000 | 0.0900% | 0.25% |
| VIP 5 | ≥ 1,00,00,000 USDT | ≥ $25,000 | 0.0750% | 0.25% |
| VIP 6 | ≥ 2,00,00,000 USDT | ≥ $50,000 | 0.0600% | 0.25% |
| VIP 7 | ≥ 3,00,00,000 USDT | ≥ $1,00,000 | 0.0450% | 0.25% |
| VIP 8 | ≥ 5,00,00,000 USDT | ≥ $1,50,000 | 0.0375% | 0.25% |
| VIP 9 | ≥ 8,00,00,000 USDT | ≥ $2,00,000 | 0.0300% | 0.25% |
Security - Is Bitbns Safe?
Security is paramount in the world of crypto exchanges. Bitbns addresses this concern with a robust security framework incorporating two-factor authentication, grade-A security features, and a diligent verification process.
These measures are in place to safeguard users’ funds and personal details, demonstrating Bitbns’s commitment to maintaining a secure trading environment.
Bitbns has doubled down on security, embedding features like Google Two-Factor Authentication and cold storage for cryptocurrency funds to reinforce trust among its users. The verification process is a meticulous one, requiring users to provide AADHAR card details and other verification documents.
This diligence exemplifies the exchange’s commitment to combating money laundering and other financial malpractices, affording users peace of mind as they engage in trading digital assets.
Bitbns Customer Support
The customer service aspect of Bitbns is noteworthy. Users can expect excellent customer service with various channels of support available.
The platform’s dedication to resolving user queries and issues reflects its overall user-centric approach.
Customer service remains a cornerstone of Bitbns, where a responsive and informed team ensures that queries and issues are handled efficiently. The customer services work tirelessly to maintain a trading environment where users feel supported, evidenced by rapid response times to queries submitted through the platform’s various channels.
This level of support is indispensable for a platform handling sensitive bank account details and transaction queries around the clock.
Bitbns Support Channels
How to Sign Up on Bitbns
- Create Account - Visit the Bitbns website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
Bitbns Alternatives
Binance
Total Supported Cryptocurrencies
386+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
244+
Trading Fees
0.08% - 0.40%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
320+
Trading Fees
0.08% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
Our exploration of Bitbns concludes that it is a feature-rich platform catering to both novice and experienced traders. With a plethora of tools and services, Bitbns stands out for its commitment to providing a seamless trading experience within the financial industry.
Bitbns FAQs
Yes, Bitbns is registered in India. It operates as a cryptocurrency exchange platform within the Indian regulatory framework.
Bitbns supports transactions with several major Indian banks, allowing users to link their banking accounts for seamless fund transfers. The exact list of supported banks can typically be found on the Bitbns website or by contacting their customer support.
The withdrawal time from Bitbns can vary based on several factors, but typically, it may range from a few hours to a couple of days. Users should review the latest information provided by Bitbns for any updates on withdrawal timelines.
Bitbns employs security measures to protect users’ assets and data, but like any investment platform, it’s important for users to understand the risks involved in trading and investing in cryptocurrencies. Bitbns is a recognized platform in India, but users should perform due diligence and consider their individual risk tolerance.
Bitbns was founded by Gaurav Dahake. As for ownership, it is owned by the parent company Buyhatke Internet Pvt.
Ltd., which Gaurav Dahake leads as the CEO.
Bitbns has a fee structure that includes trading fees, withdrawal fees, and deposit fees. These fees can vary based on the type of transaction and market conditions.
Users can find the most current fee schedule on the Bitbns website.
Instant withdrawal features on Bitbns may be disabled due to technical updates, banking partner protocols, or regulatory compliance checks. Users should check the Bitbns platform or reach out to customer support for the latest information and timelines for when instant withdrawals might be re-enabled.
Bitbns lists a variety of cryptocurrencies for users to trade. The exact number of coins can change as new ones are added or delisted, so users should refer to the Bitbns website or platform for the most up-to-date information on the number of coins available.
Bitbns User Reviews
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About The Authors
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