About Bitbns Exchange
Bitbns Exchange founding members are young and enthusiastic adopters of crypto currencies, all of whom graduated from IIT. Before they started BNS, 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. BNS went live on December 14, 2017.
Bitbns is a cryptocurrency exchange platform based in India. It allows users to buy and sell a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. The platform supports Indian Rupee (INR) as a base currency and provides a simple and user-friendly interface for buying and selling cryptocurrencies.
Bitbns Exchange also offers a mobile app for trading on the go. Users can deposit INR into their account via various methods such as UPI, bank transfer, and more. The exchange claims to have over 5 million registered users and has a low trading fee.
Bitbns also offers a P2P trading feature, where users can buy and sell cryptocurrencies directly with other users, without the involvement of the exchange. This can be done by using the Indian Rupee as a medium of exchange, which is not available on most other cryptocurrency exchanges in India.
Information Table
| Exchange Name | Bitbns |
| Exchange Service | Spot and futures trading |
| Exchange Launch Year | 2017 |
| Made In | Indian |
| Mobile App | Android & IOS |
| Fiat Option | Available |
| KYC | Required |
| 2FA Security | Available |
| Withdraw fee | 0.0005 |
| Taker Fee | 0.25% |
| Maker Fee | 0.25% |
| Support | Email & Live Chat Option Available |
| Official Website | Click Here To Visit |
How To Register At Bitbns Exchange ?
To register on Bitbns , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.
You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.
Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.
How To Verify Your Bitbns Account ?
There is no mandatory verification at Bitbns, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 0.0005 BTC per day. In the future, depending on the actions of regulatory authorities, conditions may change.
For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bitstamp, Revolut platforms.
How To Buy Crypto Or Deposit Crypto At Bitbns Crypto Exchange ?
There are two main options for topping up your balance on Bitbns. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.
Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.
After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.
Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.
Second Method
You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:
- Go to the “Deposit” section from the “Assets” menu.
- From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
- The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
- You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.
How To Withdraw Crypto Asset From Bitbns Exchange ?
Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.
Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.
How To Secure Your Bitbns Account ?
Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.
Spot Trading Fees
Traders are categorized in VIP levels based on their trading volume in the last 30 days and holdings of BNS Token. Higher the VIP level, lower the trading fee.
NOTE: Fee discounts are applicable only if the Pay with BNS option is enabled. You can do it in the Profile section. profile section
| 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% |
Derivatives Fees
Futures
Fees are applicable for both Makers and Takers
- Maker:
0.1%0% (Introductory Offer) - Taker: 0.1%
Options
Coming Soon
Margin Trading Fees
Fees are applicable only for lenders. Borrowers are not charged any fee
- Borrower: 0%
- Lender: 15%
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% |
Withdrawal Fees
| Token | Network | FEE | Min Withdrawal Amt | Deposit | Withdrawal |
|---|---|---|---|---|---|
| 1inch (1INCH) | BEP20 | 4.35 | 21.75 | Enabled | Enabled |
| Aave (AAVE) | ERC20MATIC20 | 0.13480.0038 | 0.14820.019 | Enabled | Enabled |
Features Of Bitbns Crypto Exchange
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
BNS 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 our customer support team anytime and get a resolution in no time.
Support for multiple cryptocurrencies:
Bitbns supports a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.
Indian Rupee (INR) support:
Bitbns allows users to deposit and withdraw INR, which makes it easier for Indian users to buy and sell cryptocurrencies.
User-friendly interface:
The platform has a simple and user-friendly interface that makes it easy for new users to navigate and trade.
Low trading fees:
Bitbns claims to have low trading fees, which can help users save money on trading costs.
P2P trading:
Bitbns offers a P2P trading feature, where users can buy and sell cryptocurrencies directly with other users, without the involvement of the exchange. This is done by using the Indian Rupee as a medium of exchange which is not available on most other cryptocurrency exchanges in India.
Mobile app:
Bitbns has a mobile app for trading on the go, which makes it easy for users to access their account and make trades from anywhere.
Available At Android & IOS Store
Bitbns exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading .
Mind Blowing Design
They’ve done a great job with making the homepage easy to navigate. The only drawback is that, with the white background, it can be hard on your eyes. Other than that, you’ll find their charts and trade tools easy to use if you’re already familiar with Bitbnsview .
Conclusion
The Bitbns exchange is listed on sites like CoinGecko and CoinMarketCap. You’ll find high trading volumes, especially for futures. With a premium account, you can save a lot of money when buying it for one year; at the same time, all commissions for spot-trading will be waived. If you’re unsure about anything, there’s always a test platform that offers virtual assets. On Bitbns , the user doesn’t have to go through any verification; however, we recommend it if you want full functionality and many bonuses.
