Bitbns Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary web terminal
- Variety of cryptocurrencies, Indian rupee, automated investments, and renewable investment portfolios
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary web terminal
- Variety of cryptocurrencies, Indian rupee, automated investments, and renewable investment portfolios
Our Evaluation of Bitbns
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bitbns is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.71 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitbns clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Bitbns is a convenient trading platform for the most popular cryptocurrencies. There is an intuitive interface and all the necessary functions. Renewable investment portfolios that allow you to earn money on blockchain projects of the platform's partners are the cryptocurrency exchange’s best feature. An important advantage is the availability of structured training materials focused on novice traders to cryptocurrency trading.
Brief Look at Bitbns
The Bitbns exchange is a platform to sell and purchase cryptocurrencies with an investment opportunity. Bitcoin, Ethereum, Tether, Ripple, BonusCoin, Tron, dozens of other cryptocurrencies, and tokenized assets are traded on the exchange. Cryptocurrency-cryptocurrency and cryptocurrency-fiat pairs are provided and the only fiat is the Indian rupee. You can use a standard e-wallet or order a hardware wallet to store funds. The investment portfolio includes several programs and is updated every 30 days. The minimum deposit is $1. The website offers a detailed investment calculator and extra financial instruments. The exchange offers a one-level referral program and a training system for novice traders. There is no mobile trading. Commissions differ in terms of trading levels and they are below the market average.
- all popular cryptocurrencies and tokens are available;
- convenient and functional trading terminal in the browser;
- regularly updated investment portfolio;
- the ability to order a hardware wallet for cryptocurrencies;
- integrated automated trading service;
- training system for novice traders;
- referral program with mutual encouragement.
- no mobile trading;
- only Indian rupees are represented in the range of fiats.
TU Expert Advice
Financial expert and analyst at Traders Union
Bitbns cryptocurrency exchange is among the leading players in the Indian market, widely known and in demand around the world. The fact that the platform is Indian is evidenced by the presence of Indian rupees in cryptocurrency-fiat pairs. There are no other fiat funds on the site. Nevertheless, the company focuses on the global market, so its offers comply with the leading standards in the field of cryptocurrency trading.
The web terminal is standard and easy to learn. There is no mobile application, which some traders consider a disadvantage. You can trade the most popular cryptocurrencies and their tokens on the exchange. There is no leverage for margin trading. Convenient investment solutions including automatic investment are available. The program is available even for novice investors since the entry threshold is only $1. Its activation takes only a few seconds.
The training academy has a large number of materials, including videos is considered an advantage for novice traders. There is no minimum deposit on the website to start trading, which also attracts novice traders. The exchange is assessed as stable and progressive because there are no recorded incidents of fraud, default on obligations to customers, or technical failures.
Bitbns Summary
| 💻 Trading platform: | Proprietary web terminal |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, Indian rupee |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, Indian rupee |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | Variety of cryptocurrencies, Indian rupee, automated investments, and renewable investment portfolios |
| 🎁 Contests and bonuses: | Bug Bounty Program |
The Bitbns cryptocurrency exchange doesn’t set any minimum deposits. Just register and verify your account for free, and then independently determine your financial policy. The minimum limits are only for investments from $1 for Bitdroplet, and for portfolios the limit is determined by the specific program. There is no leverage on the platform for margin trading. Technical support is available only through the ticket system on the website.
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Commissions and fees
The commission fee is 0.25% at the starting level, with zero trading volume and the amount of BNS on the account for less than $100. It is the same for the taker/maker. As the trading level rises, the commission fee decreases.
For example, at the highest (ninth) level, the fee is 0.03%. Please note that the indicated commissions are relevant when the Pay with BNS option is enabled. If the option is disabled, all commissions are 0.25% regardless of the trading level.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.25% per application | No |
Bitbns commission without the Pay with BNS option activated is the market average. If the option is activated, the commissions are significantly lower. Please find the comparison table below:
| Broker | Average commission | Level |
|---|---|---|
|
$0.25 | |
|
$20 | |
|
$0.1 |
Investment Options
Bitbns cryptocurrency exchange offers two investment programs – Fixed Income Plans and Bitdroplet. Fixed Income Plans are an updated investment portfolio that regularly publishes programs available to investors.
Investment programs are formed based on the demand from the partners of the site. These are blockchain projects requiring borrowed funds. Investors provide these funds in exchange for interest payments. Follow the appropriate section of the site, and find all the current programs and terms – the deposit period (usually 30 days), the minimum deposit, and the interest paid (range 10-20%). Once the deposit has been made, it cannot be changed or withdrawn until the end of the program period.
Bitdroplet is a simplified solution for investors. You don’t need to choose any programs. Just activate Bitdroplet Gold, Silver, or Ethereum in one click and replenish your deposit at any time (minimum contribution $1). Payments on the deposit are made permanently, their size depends on the amount deposited. No further action is required.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bitbns’ affiliate programs
This cryptocurrency exchange offers a standard one-level affiliate program. Please verify your account to participate in the program. After verification, a referral link will be available in your personal account. You can place it on any site without restrictions.
Each user who follows your link and registers on the cryptocurrency exchange will become your referral. Further, the following options are possible:
If your referral started trading without verification, he does not get any payments, and you get 10% of the commission fees for his trading operations.
If your referral has been verified and started trading, 100 Indian rupees in BTC will be credited to the referral’s account, and 50% of his commission fees will be available to you.
The referral program is unlimited, and you get payments from the partner as long as he trades on the site. The number of partners is unlimited.
User Satisfaction