About Bitbns.com
Bitbns.com 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. Bitbns went live on December 14, 2017. In just a few months,focus proved right.
Operating company
| Exchange name | Bitbns.com |
| Support | 24/7 |
| Withdraw Fee | 0.0008 BTC |
| Futures trading | Present |
| Trading fee | 0.25% |
| Deposit | Free |
| Official site | https://bitbns.com |
How To Start With Bitbns.com
To start trading with Bitbns.com Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Bitbns.com website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Bitbns.com account.
How it Works
Complete your KYC
PAN card (Mandatory for Indian Users) for identification, Aadhar/Voter ID/Passport/Driver’s Licence for address, and bank account linking for withdrawals/deposits – that’s all we ask for.
Start Trading
It’s a free market. Trade and earn as much as you can!.
Bitbns Trading fees
At this exchange, takers and makers pay the same fees (0.25%). This is exactly in line with the global industry average. It should also be noted here that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.
Bitbns Withdrawal fees
Many exchanges have low or average trading fees but charge higher withdrawal fees. Bitbns, however, does not. This exchange charges 0.0005 BTC when you withdraw BTC. The global industry average BTC-withdrawal fee is 0.0008 BTC, so Bitbns have an almost 40% lower BTC-withdrawal fee than the industry average.
| CURRENCY | FEE |
|---|---|
| 0x | 3 |
| Achain | 0.1 |
| Apex | 1 |
| Augur | 0.1 |
| Binance Coin | 0.01 |
| Bitcoin | 0.0005 |
| Bitcoin Cash ABC | 0.001 |
Deposit Methods
Bitbns offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. If so, just use the Exchange Finder or skim through our Cryptocurrency Exchange List to find an appropriate exchange accepting credit card deposits. However, as this trading platform accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
| CURRENCY | FEE |
|---|---|
| Cryptocurrencies | Free |
| Indian Rupee’ via P2P | Free |
Why Bitbns
Safe and Secure
High-grade security for all your transactions and funds.
No Account charges
Creating an account and holding your crypto is absolutely free.
Automated Buy and Sell
Place a trade order and relax. They match your trade with a buyer/seller.
P2P for deposits & Widthdrawals
Bitbns.com use P2P-based Deposits & Withdrawals model for the hassle-free trading experience.
Low Transfer fees
Depositing Bitcoin is free and withdrawing it costs BTC 0.001. For other cryptocurrencies withdrawals also have some small fees. Deposits in INR via NEFT/IMPS is also free, with a minimum deposit of INR 2000
Trustworthy and Verified Network
All members go through KYC, PAN card and rigorous ID proof verification on sign up.
24×7 Customer Support
You have a problem? TThey have a solution. With Reddit, Telegram, Email support channels, they are everywhere. You can raise tickets at support website. We’ll respond to your issues immediately.
Do more with Margin Trading
Lend and borrow your digital assets using Margin Trade to multiply your profits.
Extra downside protection with Stop-limit Orders
Determine your loss tolerance and place a Stop-limit Order. We promise to keep things in control.
User-friendly Trading
Bitbns UI is simple enough for a beginner to understand. You can start trading right after you sign up; it’s that easy.
Low Trading fees
Bitbns has a trading fee of 0.25%, which decreases with the increase of the trading volume on a daily basis and can go to 0.18%. Compared to other Indian exchanges like Buyucoin, Zebpay, Unocoin, etc., charge higher fees.
