Bitbns Review - Top 5 Features to know before trading in 2020

Anisa Batabyal
| 29 July, 2020 | 2 min

What is Bitbns?

The name Bitbns comes from the simple act of (think BITcoin Buy aNd Sell) which is what the platform is all about. The company was found by young and enthusiastic individuals in late 2017 to enable people to buy, sell and exchange digital assets with proficiency. The platform believes in having open, transparent and clear communication with their users.

Users can trade up to 81 digital assets which include not only popular coins but also niche altcoins that reap real benefits.

 


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Bitbns review:

  1. Fees

  • Trading fees:

On this exchange, the maker and taker both are charged the same fees, i.e. 0.25% which is in line with the global industry average.

  • Deposit fees:

Bitbns does not levy any deposit fee to investors depositing crypto or fiat. However, it only accepts wire transfers and restricts users from using credit cards.

  • Withdrawal fees:

This exchange charges 0.0005 BTC when you withdraw BTC.

  1. SIP feature:

Bitbns offers a unique SIP feature to its users which is similar to the SIP system in mutual funds. This feature allows the user to consistently purchase crypto every week or every month, depending on the user.

  1. Verified network:

This exchange ensures that all users are authenticated before they start trading; every user follows a KYC process and ID proof verification to authenticate themselves. Having a verified network allows users to have a secure P2P deposit and withdrawal model.

  1. 24 X 7 Customer support:

Bitbns is available on reddit, telegram etc. You can anytime reach out to them for your queries, and they promise to address it at the earliest. They also have a dedicated customer support website to respond to customer grievances.

  1. Bitbns security:

Bitbns is a secure platform that protects the privacy of the user. However, users are recommended to enable 2FA (2-factor authentication) and set a strong password for their accounts to prevent loss or theft of information.

Bitbns is an Indian crypto exchange platform similar to Coin Switch, who has also launched its own crypto trading platform called Coinswitch Kuber on June 1, 2020. 

This platform is a mobile application which is user friendly. CoinSwitch Kuber is the first-ever mobile application to pool liquidity from other Indian and global exchanges and provide the best rates to the Indian market.

Coinswitch Kuber promises to give the best rates by aggregating liquidity across all Indian exchanges. The platform will support 100 cryptocurrencies for Indian users to trade easily using INR.

About CoinSwitch

CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!