If you are considering making a Bitcoin transaction, you can use the Bitbns exchange. This platform offers a variety of payment options, such as credit card, bank transfer, and Bitcoin. In this review, we will discuss the advantages and disadvantages of this exchange, along with payment options. Moreover, you’ll learn about the security of Bitbns. The base trading fee is 0.25% of the value of your transaction, which is reduced if you hold BNS. In addition, Bitbns does not charge for margin trading. The exchange features a mobile app for Android and iOS.
Pros
Besides the fact that the platform is easy to use, Bitbns also has a user-friendly application. This allows you to trade and receive payments without the hassle of going through a traditional broker. This exchange also has the highest success rate, based on Trustpilot’s 13 reviews. Moreover, many users have noted that the application is user-friendly, and the company’s customer support is excellent. In fact, it is considered the best cryptocurrency exchange in India.
Founded in 2017, Bitbns is a promising entry-level exchange that boasts of a committed team and a brilliantly built product. As the legality of Crypto in India is no longer in doubt, Bitbns has wasted no time in growing its user base. Moreover, the exchange also displays its commitment to financial empowerment, an important goal in cryptocurrencies. Unfortunately, not many exchanges live up to this mission.
While most crypto exchanges charge higher fees, Bitbns has no such limit and charges the same fees for both makers and takers. As a result, these fees are comparable to the industry average. However, withdrawal fees are higher on many exchanges, and Bitbns does not offer volume discounts. Moreover, its fee is only 0.0005 BTC, 40% less than the average industry fee.
Payment methods
There are many Bitcoin exchanges in India, but Bitbns is a good option for beginners. Their platform is simple to use and offers multiple payment methods, including USDT, UPI, and RTGS. You can also use a peer-to-peer deposit method if you’re from the UAE. For more information, check out their FAQs. Listed below are the payment methods that Bitbns accepts.
The best thing about Bitbns is their team of seasoned veterans. These individuals have been working together on different projects for over 8 years. Bitbns has co-founders with backgrounds in top engineering universities, including IIT Kharagpur, which has produced many global CEOs, including Sundar Pichai, the current CEO of Google. Speed is one of their core values, and they’re working hard to meet that goal. They have aggressive plans to launch their product and scale it rapidly.
The fees for trading on Bitbns depend on the amount of coins you trade and the number of BNS tokens you hold. You’ll be able to see the fee before you place an order, and if you’re not satisfied with your results, you can request for a refund. For deposits, you can use the USDT peer-to-peer method. You can withdraw the funds in AED.
Security
Security is an important consideration when using a cryptocurrency exchange. Bitbns does not limit deposits or withdrawals of certain cryptocurrency. However, the amount of time required for withdrawals is dependent on the blockchain block confirmation and network congestion. The exchange is known to be one of the safest options for cryptocurrency users. There are several ways to ensure your account’s security, including utilizing 2-factor authentication. If you have questions about Bitbns security, consider contacting the company’s support team.
First, it is important to understand Bitbns’s KYC procedures. For this purpose, you will need to submit national ID documents that contain your date of birth and address proof. Then, you can begin trading. The verification process is simple and should take less than a few minutes. Once you have submitted the KYC documents, you are ready to begin using Bitbns. After verifying your identity and address, you can begin using the exchange.
Another feature of Bitbns that makes it one of the safest options for cryptocurrency traders is the hard-coded fund security. This means that your funds will be safe even if someone else has access to them. The company uses grade-A security architecture to protect your data and prevent unauthorized entries. The exchange is also password-protected and supports two-factor authentication, making it easy to trade crypto with a high level of security.
