Bitbns vs Binance: Fees, Coins, Safety Comparison
| Feature | Bitbns | Binance |
|---|---|---|
Overall |
3.4 |
4.8 |
1 |
4.5 |
|
3.4 |
4.8 |
|
3.6 |
5.0 |
|
Investment Instruments |
3.9 |
4.7 |
Platforms and Charting Tools |
3.8 |
4.9 |
Deposit and Withdrawal |
3.7 |
4.7 |
Research |
3.7 |
4.6 |
Education |
3.4 |
4.8 |
Support |
4.0 |
4.8 |
Bonuses |
3.7 |
4.2 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Bitbns vs Binance: Pros and Cons
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.
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
| Bitbns | Binance | |
|---|---|---|
| Overall Pros | all popular cryptocurrencies and tokens are available; | Trading With Leverage up to 1:100 |
| convenient and functional trading terminal in the browser; | Low Trading and Non-Trading Fees | |
| regularly updated investment portfolio; | 10+ Account Fiat Currencies + 50 Crypto | |
| the ability to order a hardware wallet for cryptocurrencies; | Derivatives, NFT, ETF are Available | |
| Indicators are Available | ||
| integrated automated trading service; | Passive Income With Staking and Mining Pool | |
| training system for novice traders; | Strong Research | |
| Overall Cons | no mobile trading; | No tier-1 regulation |
| only Indian rupees are represented in the range of fiats. |
Bitbns vs Binance: Safety and Regulation
| Regulated By: | Bitbns | Binance |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
Bitbns vs Binance: Trading Conditions
| Trading Conditions | Bitbns | Binance |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
Bitbns |
Binance |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
79+ |
1.358 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, Indian rupee |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
Bitbns vs Binance: Fees
Trading Fees
| Fee | Bitbns | Binance |
|---|---|---|
Max Maker |
0.2500% |
0.1% |
Max Taker |
0.2500% |
0.1% |
Min Maker |
0.0300% |
0.012% |
Min Taker |
0.0300% |
0.024% |
Debit/Credit Card Purchase Fee |
Not supported |
0.01 |
Futures Trading fees
| Fee | Bitbns | Binance |
|---|---|---|
Max Maker |
0.1% |
0.02% |
Max Taker |
0.1% |
0.04% |
Min Maker |
0.1% |
0 |
Min Taker |
0.1% |
0 |
Non-Trading Fees
| Fee | Bitbns | Binance |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
₹1000: ₹4, ₹1000 - 24,999: ₹6, ₹25,000 and above: ₹9 |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
Not supported |
0.0001 |
BTC Withdrawal Fee |
0.0005 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
Bitbns vs Binance: Trading Assets
| Asset Name | Bitbns | Binance |
|---|---|---|
Overall |
79+ |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
Bitbns or Binance: Investment Programs
| Asset Name | Bitbns | Binance |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Fixed Income Plans, Bitdroplet |
No |
Trading Platforms: Binance or Bitbns
| Bitbns | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Binance or Bitbns
| Bitbns | Binance | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Binance or Bitbns
| Bitbns | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Binance or Bitbns
| Bitbns | Binance | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or Bitbns
| Bitbns | Binance | |
|---|---|---|
Market |
No |
Yes |
Limit |
No |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
Yes |
Bitbns vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Bitbns | Binance |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Bitbns vs Binance: Research
| Research Type | Bitbns | Binance |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
Bitbns vs Binance: Education
| Education Type | Bitbns | Binance |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs Bitbns: Support
| Support Features | Bitbns | Binance |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
Ticket |
Telegram |
Bitbns vs Binance: Crypto Bonuses and Promo
| Promo | Bitbns | Binance |
|---|---|---|
Crypto Bonus |
Predict&Win, Contests, Sprink Wouchers |
No |
Affiliate Program |
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. |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
Top 5 Reviews on Bitbns
-
Comment
Bitbns looks like an ordinary crypto broker, but it doesn’t stand out in any way. As soon as you start trading, the conditions immediately change for the worse. Trade is bad! It didn't suit me.
-
Comment
I traded with Bitbns a few years ago. At first it was good, but over time, the conditions began to differ not for the better. Bad reviews on all sorts of forums began to meet more and more often. In vain I opened an account here. I'm sorry.
-
Comment
The broker is inferior in many categories. There are many services on which all attention is made. And I understand that this was done precisely to mask bad conditions for execution. I tested the platform, the delays in order processing reached up to 3 seconds for execution. This is too much for today's conditions, when other brokers offer up to one second and no more. Execution must be instant, so there is no reason to open an account with Bitbns.
-
Comment
The situation is this: I can not get money from this broker, several thousand dollars. They have been withdrawn since May 18, 2022. They refer to the ongoing audit, but do not provide any supporting documents/information.
-
Comment
In general, I am pleased with the cooperation with the Bitbns cryptocurrency exchange. There are enough assets to choose from, and not only the most popular but also little-known ones are also listed. Conveniently, the platform can be configured to automatically invest in Bitcoins (deposits from $1). I believe that this crypto exchange will be of interest to both professionals and beginners who are ready to offer quality training and support. I recommend this trading platform.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.