Bitbns Crypto Exchange Review : It Is Good Or Bad?

About Bitbns

Bitbns founding members are young and enthusiastic adopters of crypto currencies, all of whom graduated from IIT. Before they started Bitbns, they have created multiple products that have helped consumers in commerce decision making.

In late 2017, they decided to start a crypto-currency exchange. To give people a smooth entry into the world of crypto, they gave importance to ease of use, security, and customer support right from the beginning. They went live on December 14, 2017. In just a few months, our focus proved right.

Bitbns is a part of Buyhatke Internet Pvt. Ltd. – the parent organisation, which was incorporated in 2015. With 70+ cryptocurrencies listed at present, The allows users to buy and sell cryptocurrencies at best available prices and offers ease of trading like no other cryptocurrency exchange. Some of the top cryptocurrencies one can trade on Bitbns are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Binance Coin (BNB), Neo (NEO) and more.

Bitbns Exchange Basic Points

Exchange Name	Bitbns
Withdraw Fees	no withdrawal
Language	English
Fiat Deposit	Yes
Deposit Fees	Free. Small deposit fees apply.
Easy To Use	Yes
Security	High
Withdraw fee	15.33
Instant Withdraw	Upto ₹999: ₹4
Support	24/7
Customer Support	Available At Ticket & Live Chat
Official Site	Homepage

How To Start ?

How To Sign Up At Bitbns Exchange ?

It Is Very Easy To Sign Up At Bitbns Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Bitbns Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Bitbns Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Bitbns Exchange ?

Withdrawing your funds from Bitbns is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

How To Verify Id At Bitbns ?

You Can Start Trading On Without Going Through The Verification Process, However, In Order To Trade Fiat Currencies For Bitcoin Or To Trade With Stablecoins, Id Verification Is Needed. Depending On The Account Type (Individual Or Corporate), The Exchange Can Require Additional Documents.

Trading Fees

Traders are categorized in VIP categories. A trader’s VIP category is determined by their trading volume in the last 30 days and BNS holding. The table below shows the fee structure:

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%

Margin Trading Fees

Fees are applicable only for lenders. Borrowers are not charged any fee

TYPE	FEE
Borrower	0%
Lender	15% on Interest

However, with Pay with BNS, one can avail discount on the fee. Here are the slabs:

BNS HOLDING WORTH	DISCOUNT WITH PAY WITH BNS ON MARGIN LENDING INTEREST
>200 USD	10%
>500 USD	20%
>1000 USD	33.33%

Read How it Works

Deposit Fees

CURRENCY	FEE
Cryptocurrencies	Free
FIAT (INR’)	Free

Withdrawal Fees

NOTE: Fee for Ether and erc20 Coins are dynamic

CURRENCY	FEE
0x	15.33
Achain	0.1
Attila	153.23
Augur	0.73
Balancer	0.59
Binance Coin	0.01
Bitbns Token	100
BNSD Finance	609
BNS Governance	18.0112
BNSD-ETH Uniswap V2 Liquidity Token	2.291
Bitcoin	0.0005
Bitcoin Cash	0.001
Bitcoin Cash SV	0.001
BitTorrent Token	100
Bluzelle	74.93
Cardano	1
CloakCoin	0.1
Compound	0.0426
CyberVein	534
Dash	0.02
DeepBrain Chain	0.1
Dent	4153
DigiByte	1
DigixDAO	0.0605
Doge	2
Effect.AI	1
Electroneum	5
EOS	0.01
eosDAC	1
EOS RAM	0.5% (Blockhain Fee) + 0.25% (Bitbns Fee)
Sylo	3109
Matic Network	9
Chainlink	0.56
Ethereum	0.005562
Ethereum Classic	0.1
Fetch.ai	48.59
FunFair	645
Gas	0
Golem	43.92
Groestlcoin	0.1
ICON	0.1
IXLedger	436.9
Komodo	0.1
LinkEye	2862.83
Litecoin	0.01
Lisk	0.3
Loom Network	166.6
Loopring	41.85
Monero	0.02
NEM	1
Neo	0
Nexo	7.51
Nucleus Vision	5881
Energi	0.1
ODEM	771.55
OmiseGo	2.66

INR` Withdrawals

TYPE	FEE
Normal Withdrawals	0%
P2P Withdrawals	0%
Instant Withdrawals	Upto ₹999: ₹4 Upto ₹24,999: ₹6 Upto ₹2,00,000: ₹9

Why Bitbns?

Safe and Secure

There’s KYC, 2FA, Fingerprint/PIN access, and a lot more. Because lots of security is always a plus.

Automated Buy and Sell

Bitbns lets you automate your orders with advanced tools & features.

Extra Downside Protection

Ensure least risk with Bracket Orders that come with Trailing Stop Limit.

Verified Network

The formally verified network is well-vetted against security issues and operational inefficiencies.

24×7 Customer Support

We’re all ears, always. Hit up the customer support team anytime and get a resolution in no time.

Bitbns: Bitcoin, Crypto Trading Exchange India

Bitbns is a part of Buyhatke Internet Pvt. Ltd. – the parent organisation, which was incorporated in 2015. With 136+ cryptocurrencies listed at present, They allows users to buy and sell cryptocurrencies at best available prices and offers ease of trading like no other cryptocurrency exchange. Some of the top cryptocurrencies one can trade on are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Binance Coin (BNB), Neo (NEO) and more.

For an optimum trading experience, Bitbns brings you a slew of trading tools & features like:

Realtime Trading – Buy/sell cryptocurrencies instantly with real time trading on Bitbns.

Bracket Order – Reduce risk to bare minimum with a 3-in-1 Bracket Order. Bracket order trading is your ticket to safer and quick profit in a volatile market.

Margin Trading– Borrow funds to make more profit or lend your funds to earn more by starting a margin trading account on Bitbns.

Stop-limit Orders – Enter or exit the market only when you are sure about the price momentum by opting for stop limit trading in cryptocurrency only on Bitbns.

Cryptocurrency Wallet – Park your cryptocurrency funds in our ultra-secure, Google 2FA-protected top cryptocurrency wallet.

P2P INR Mechanism – Enjoy instant and convenient Peer-to-Peer (P2P) INR transactions on Bitbns.

USDT Market – Trade cryptocurrencies with a USDT pair in order to reduce volatility risks and explore a whole new market that runs on Tether (USDT).

Bitbns SELECT – Need to transact more than 1 lakh INR? Bitbns SELECT has been handcrafted for you.

Earn by Depositing – Grab the advantage of P2P deposit incentives that you can earn by simply depositing money in your INR wallet.

Crypto Wallet – Store your funds in an ultra-secure, 2FA-enabled cryptocurrency wallet with the freedom to withdraw, transfer, deposit or trade in an instant.

Instant Support – Reaching out to us is as easy as counting fingers. Just raise a ticket regarding an issue and see it resolved within minutes.

Margin Leverage

Only Bitbns brings you the ability to trade 4 times your net worth with 4X Margin Leverage. To trade with 4X leverage, a user can borrow 3 times their net worth and trade with a total of 4X leverage on Bitbns. The minimum net worth a user needs to have on Bitbns is Rs. 2,000. Bitbns recommends its users to couple margin trading with bracket order to avoid volatility risks.

Margin Lending

Lend your funds with Margin Lending, which is a feature you can find in the margin trading section. Margin Lending is undoubtedly one of the most failsafe methods to earn profit by lending cryptocurrency funds at fixed interest rate for a fixed period of time.