20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Bitbns Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- Proprietary web terminal
Minimum
deposit:
deposit:
- $1
Trading platform:
- Proprietary web terminal
Trading features:
- Variety of cryptocurrencies, Indian rupee, automated investments, and renewable investment portfolios
Summary of Bitbns Crypto Exchange
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 ranks 61 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
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this post may contain references to products from our partners. Here's an explanation for
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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.
| 💰 Account currency: | Cryptocurrencies, Indian rupee |
|---|---|
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, Indian rupee |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Bitbns:
- 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.
👎 Disadvantages of Bitbns:
- no mobile trading;
- only Indian rupees are represented in the range of fiats.
Evaluation of the most influential parameters of Bitbns
Geographic Distribution of Bitbns Traders
Popularity in
90.1%
IN
2.1%
AR
1.4%
AU
0.9%
AE
1.5%
Others
User Satisfaction i
19 comments
Total score:
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Expert Review of Bitbns
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.
Dynamics of Bitbns’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
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.
Important!
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.
Trading Conditions for Bitbns Users
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.
$1
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 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 |
| 💱 Spread: | 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 |
Broker comparison table of trading instruments
| Bitbns | Bybit | MEXC | Binance | Yobit | WhiteBIT | |
| Forex | No | No | No | Yes | No | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
Bitbns Commissions & Fees
Information
Exchange fees are determined by the trading level. It depends on two parameters: the user's trading volume for the last 30 days and the number of BNS tokens in the account. There are nine full levels in addition to the starting level.
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.
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 | Spread (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 |
| Bitbns | $0.25 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2017 |
| Official site | https://bitbns.com/ |
| Contacts |
Email:
hi@bitbns.com,
|
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FAQs
Do reviews by traders influence the Bitbns rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Bitbns you need to go to the broker's profile.
How to leave a review about Bitbns on the Traders Union website?
To leave a review about Bitbns, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Bitbns on a non-Traders Union client?
Anyone can leave feedback about Bitbns on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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