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 3.6 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.
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- 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 |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0,25%-0,25% |
| 🔧 Instruments: | 140 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Order 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.
Bitbns Key Parameters Evaluation
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Regulation and safety
Bitbns received a score of 4.75/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- Cold wallet storage
- 2FA
- No successful hacks history
- Not government-regulated
- Not U.S regulated
Bitbns Security Factors
We also compared Bitbns against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bitbns | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Bitbns a regulated crypto exchange?
Bitbns is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Bitbns is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Bitbns?
KYC verification is not mandatory for opening an account and trading at Bitbns. However, unverified accounts have certain limitations, such as lower withdrawal limits and restricted access to certain features.
In which countries is Bitbns available?
Bitbns complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: India, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Bitbns support.
Is Bitbns available in the USA?
Yes, Bitbns is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Bitbns commissions and fees
Bitbns received a 5.2/10 score for its trading fees. While Bitbns is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
What are Bitbns trading fees?
We analyzed Bitbns’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Bitbns trading fees vs competitors
| Bitbns | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,25 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,25 | 0,22 | 0 | 0.194 |
What are Bitbns deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC |
Does Bitbns offer P2P trading?
No, Bitbns does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Bitbns received a 8/10 rating for its deposit and withdrawal services. Bitbns supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.
- Bank cards accepted for instant deposits
- Google Pay supported
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- Withdrawal fee applies
- No PayPal option
- No P2P transfer option
Deposit and withdrawal options
Bitbns supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, Advcash Wallet, Google Pay, Apple Pay.
Bitbns Deposit and withdrawal options vs competitors
| Bitbns | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Bitbns minimum deposit?
The minimum deposit at Bitbns is 1 USD/USDT or 0,00001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitbns minimum deposit vs competitors
| Bitbns | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0,00001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Bitbns support fiat money?
Bitbns supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bitbns received a score of 4/10 in this category, indicating a modest offering of assets and markets. While Bitbns covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Yield farming available
- Fiat currencies supported
- Staking available
- Only 140 supported coins
- Crypto futures not available
Bitbns supported coins and markets vs competitors
We compared Bitbns with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Bitbns | OKX | Kraken | |
| Supported coins | 140 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Bitbns passive income options vs competitors
We also compared Bitbns with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Bitbns received a score of 6.05/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- App data protection with 2FA
- Advanced tools and automation with API
- Mobile indicators allowed
- No Face ID
- No trading bots for traders
Trading apps
Bitbns provides web and mobile apps for both Android and iOS users, with an average rating of 2,9 on the App Store and 3,2 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Bitbns platform is for mobile use.
| Bitbns | |
| 2FA | Yes |
| Face ID | No |
| Mob Indicators | Yes |
| Alerts | Yes |
| Advanced Orders | Yes |
| Trading with bots | No |
| API | Yes |
| Extra trading platforms | No |
Does Bitbns offer a desktop app?
No, Bitbns does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Bitbns offer advanced charting with TradingView integration?
No, Bitbns does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2017 |
|---|---|
| Official site | https://bitbns.com/ |
| Contacts |
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