Bitbns - bitbns.com REVIEW, TRADING VOLUME AND PAIRS
Bitbns is a small Indian exchange that was founded in 2017. Even though according to coinmarketcap.com, at the time of writing the review, the daily trading volume on the platform is 1.2 million dollars, the platform is considered very popular in India, due to the large selection of cryptocurrencies available for purchase. To date, there are just under 100 trading pairs. Trading is conducted with the Indian Rupee and USDT. At the same time, more than 70% of all trades account for the BTC/USDT and BTC/INR pairs.
The platform is known as a relatively safe and reliable one for purchasing cryptocurrency. A registered user has access to trading tools, including stop losses, which allows him/her to effectively trade with clear risk control.
An important advantage of the exchange is the function of margin trading. This attracts professional traders, for whom the presence of such a tool is important. Other trading tools are pretty standard. By going to the Market section, which is divided into Dollar (USDT) and Rupee (INR) and studying the markets, you can evaluate the exchange's features yourself.
The official website of bitbns.com is available in the English language. The exchange offers a rather original trading interface with interactive components. At the top of the website, there are such menus as Market (trading cabinet for spot trading) and Margin Trades (trading cabinet with leverage).
There is also a More button, clicking on which opens such subsections as:
• Your Activity – all transaction data;
• Price alerts - notifications about price changes;
• API Trading - tools for auto trading.
Traditionally, in the top right corner, there is a Sing In button for entering the cabinet or registering an account. Next to the log in button, there are two more buttons - “bell” with notifications and “megaphone” with ads from the website administration.
In the basement of the website, you will see detailed information about the company, its affiliate program, the commission, as well as links to social media, including Facebook, Telegram, Reddit, Newsroom, Twitter, YouTube, and Medium. Besides, there is a form for contacting the support service team, as well as several useful links.
The trading commission on bitbns.com is standard and is 0.25% of the transaction amount for the buyer and seller. Depositing cryptocurrency or Indian Rupee is not subject to fees, but for the withdrawal of funds, you will have to pay a fixed fee, which is individual for each cryptocurrency. One can deposit funds in fiat Indian Rupees by bank transfer, but one cannot do it with the help of the credit card. Nevertheless, the fact that the exchange accepts payments in fiat currencies is its important advantage.
Judging by the reviews of Bitbns exchange customers, the support service team promptly solves any issues that arise. But, unfortunately, registration on the platform is only available to residents of India, because to register, the user must specify and confirm the Indian phone number.
As for the security of the exchange, experts estimate it as not high enough, making claims, first of all, to the security of the website engine. But if you do not plan to keep large amounts on your balance, you can freely trade on the platform. The only restriction is the absence of an Indian phone number, which will not allow you to pass the registration procedure and to work on the platform.