Bitbns is one of the most popular exchange platforms in India which offers incredible services to its users. Its parent organization is Buyhatke Internet Private Limited which was established in 2015 and at present, it has listed more than a hundred cryptocurrencies on its platform. It allows its customer to exchange, buy, sell cryptocurrencies at the best prices and also offers a simple and easy-to-trade user interface. This platform was established in the year 2017 and currently, it has over 1.2 million users and a 24-hour trading volume of USD 24 million. It is one of the highest-ranking crypto exchange platforms among Indian users and has a good review rating about its customer service which is available 24×7. In this article, we will give you detailed information about Bitbns App Review so read the full article to get a detailed review.

About Bitbns App

Bitbns is a platform that offers one of the best cryptocurrency trading experiences to its Indian customers and can be only used in India as it requires a phone number with an Indian code if the users want to sign up on this platform. This platform does not allow nonresident Indians to use its services. It is a well-known trading platform that is used to exchange, buy and sell cryptocurrencies and offers several cryptocurrencies on its platform. It offers Crypto to Crypto and Crypto to Fiat pairs and gives Fiat currencies only in the Indian rupee. The traders can use this app as an electronic wallet or hardware wallet to store their money and its investment portfolio includes numerous programs and is also updated every month. The minimum deposit limit of this platform is 100 Indian Rupees. Besides this, its website provides an investment calculator and other financial instruments to help users and provide referral programs and educational resources to train new traders about blockchain technology, the latest update, news, trading cryptocurrencies, and many other things.

Features of Bitbns

Bitbns is one of the most popular apps because of its features. So here are some of the features which are worth mentioning here:

  • This app is designed in such a way that it provides an easy-to-use and simple interface to give its users a seamless experience. It also gives price charts and useful information like order books and order history to its users.
  • According to reviews, Fiat deposits are supported in local currency which is INR and it provides wallets to its traders to store their cryptos and also allows users to use third-party wallets.
  • It also has social media presence in telegram, Reddit, Facebook, and also a newsroom specializing in blockchain, cryptocurrency news, and blockchain information. It also provides opinions regarding wallets, blockchain guides, and Crypto news.
  • The traders using this app can set price alerts for different types of orders that include limit orders, stop-limit orders, bracket orders, and many more.
  • It provides its user’s trade history information like volume and price and if the trader chooses the bracket orders then they can set a trailing stop limit.

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How to use: Way to use Bitbns

The following are the steps to use the Bitbns exchange platform:

  • Registration

Firstly you have to register on the platform to trade. Go on the website of Bitbns and click on the signup button and fill in your basic details like name l, email address, bank account details, phone number, and a strong password. You will get an OTP on the registered mobile number which when you enter, you will be taken to the platform’s dashboard to start trading.

  • KYC Procedure

After that, you should verify your KYC procedure if you want to deposit or withdraw fiat currencies as the users who want to withdraw cryptocurrencies, need to submit their national ID documents which contain their address proof and date of birth. Such National documents include a passport, aadhar card, pan card, voter ID card to complete the KYC process.

  • Start your trading

After the KYC process, you will be taken to the platform’s dashboard to start trading and you can buy or sell orders by suggesting the volume and the price of the cryptocurrency. When you click on the submit button, the order will be placed.

Services offered by Bitbns

The following is the list of a few services which is offered by Bitbns exchange:

  • It allows users to make INR deposits and withdrawals directly through their bank accounts or via the p2p trading process and the users can trade Bitcoins as well as several other altcoins.
  • This app provides margin trading where the users can lend or borrow their available cryptocurrencies as per their needs.
  • Another service which it offers is Bitdroplet which is a platform developed by Bitbns that permits the investor to invest their funds and cryptocurrencies by using a systematic purchase plan but currently, this allows them to invest only in Bitcoins.
  • It has another investment scheme which is known as FIP or fixed income plan that provides up to 13 % interest rate quarterly, monthly, weekly, and yearly.
  • How to deposit money in the Bitbns app?
  • When the user completes their verification process they can add money to their wallet in INR from their trading dashboard for this they need to click on the wallet button and they will be taken to the account page. On the account page, traders need to click add money to the wallet and follow the instructions mentioned there. Then they can deposit funds via IMPS/ NEFT/ RTGS and users can also deposit INR through credit card, debit card, or internet banking using the Mobikwik deposit method.

Related: The Best Apps To Buy Bitcoin

How to withdraw money from Bitbns?

If you want to withdraw INR, it is a very easy and fast process. The traders just need to click on the wallet button on the dashboard of the platform and it will guide them to an account page where they need to click on the withdrawal button. Then they need to enter the amount which they like to withdraw and the money will be received in the bank account.

Accepted Payment Methods in Bitbns

It offers several accepted payment methods by which investors can transfer their funds through:

  • NEFT
  • UPI
  • IMPS
  • RTGS

Supported Cryptocurrencies and Countries by Bitbns

According to reviews, Bitbns support only Indian customers but currently, it supports more than a hundred cryptocurrencies to its Indian users which is why it is so popular. The few cryptocurrencies supported by Bitbns include Bitcoin, Ethereum, Litecoin, Binance Coin, Neo, and several others.

Pros and Cons of Bitbns app

The following are some of the pros or advantages of the Bitbns app which make it a great app:

  • It provides easy to use and simple user interface.
  • It offers several tokens and cryptocurrencies.
  • The withdrawal process in this app is fast and charges low trading fees.
  • It is very user-friendly.
  • It offers a referral program to its users.
  • It regularly updates its currencies portfolio.
  • It provides training materials for new traders.

It has only one con or disadvantage that is it only uses Indian rupees for fiat deposits.

FAQs

1. Is Bitbns safe or not?

Ans. It offers an elegant and sleek hardware wallet in which the traders and users can store their cryptocurrencies and thus it is safe as they are not accessible to authorized entities.

2. Is Bitbns a good crypto exchange platform?

Ans. According to reviews, Bitbns has received good user reviews and traders also appreciate its excellent customer support and user-friendly applications so we can say that it is a good Crypto exchange platform.

3. How do you trade on Bitbns?

Ans. If you want to do trade on Bitbns, you have to click on the signup button on the website and then fill in the basic details required by the platform. Once you fill in your basic details, you will receive an OTP on your mobile number and after entering the OTP you will be taken to the dashboard of the platform where you can start trading.

4. Is Bitbns safe and legit?

Ans. According to reviews, this app is considered as one of the safest exchanges which provide two-factor authentication and safelists the IP address of users for safer transactions. Furthermore, it has several beneficial factors like low trading fees, margin trading, excellent customer service, etc.

Conclusion

Bitbns is one of the most popular cryptocurrency exchange platforms which offer the fastest way for users to exchange cryptocurrencies in India. It provides features like margin trading, markets, trading tools, etc. To use this app, the traders have to complete the KYC process and if they want to withdraw from this Crypto exchange, one of the major problems which they can face is that it does not offer margin leverage. However, this trading exchange platform offers an extensive list of cryptocurrencies and tokens with low trading transfer fees and the users will find it very easy to use and it provides several educational videos and articles about cryptocurrencies, blockchain, crypto trading, etc can help them in understanding this platform. I hope this article is sufficient enough to clarify the information about Bitbns App Review.