Bitbns app Review Is it safe & Legal?

 

What is Bitbns?

Bitbns was launched on December 14, 2017, by Buyhatke Internet Pvt. Ltd., the parent organization of Bitbns. Bitbns is that the only Indian crypto exchange that supports the trading of quite 90 cryptocurrencies. during this Bitbns review, we'll study all the features and services available on this exchange.

Summary

• On Bitbns, makers also as takers both pay an equivalent fees (0.25%).

• Currently, 98+ cryptocurrencies are listed on Bitbns.

• Bitbns’ testnet simulates a trading environment that gives an equivalent features and functionality because the main platform.

• Bitbns allows you to borrow up to 3 times your current net worth (on Bitbns). Therefore, you'll increase your profit by trading with 4X leverage.

• Bitbns offers 28 digital assets for margin trading.

• Margin lending allows you to earn by lending Bitcoin and other cryptocurrency funds at a hard and fast rate of interest for a hard and fast period of your time .

• On Bitbns, a stop-limit order is out there with a stop-limit trail interval for extra downside protection.

• You can minimize the danger with a 3-in-1 bracket order. Bracket order may be a combination of entry order, exit order, and trailing stop order .

• Only lenders need to pay the margin trading fees. There are not any charges for borrowers.

• Bitbns allows you to take a position a selected amount of BTC or USDT in one among the FIP plans for a hard and fast rate of return and a hard and fast period of your time . As this era ends, you receive the principal amount along side interest earned in your Bitbns wallet.

• Bitdroplet allows investors to take a position in Bitcoin and other cryptocurrencies through a scientific Purchase Plan (SPP), a bit like a scientific Investment Plan (SIP).

• Optimize your trading experience with Bitbns trading mobile app.

• Get the Arbitrager app powered by Bitbns and luxuriate in the foremost seamless arbitrage experience.

• Bitbns has the foremost advanced technology architecture and a grade-A security feature.

How to start on Bitbns?

Following are the steps to urge started with Bitbns.

Make an account on Bitbns

Visit the official website of Bitbns and click on on check in . Enter your email ID/address and strong password to make an account. After this step, you'll receive a verification link to your email address. Your Bitbns account gets created once you click this verification link. Later, you'll log into Bitbns for the primary time.

KYC on Bitbns

In The KYC verification of account gets completed after submit your AADHAR card details & PAN details. For trading cryptocurrencies on a Bitbns, you got to register and submit all the specified KYC documents for verification.

Deposit in Bitbns

To This exchange provides  wire transfer as an available deposit method. However, you'll not deposit through a mastercard . Notably, Bitbns does accept the deposit of an  fiat currencies.

Start Trading

Once you've got deposited the cash on Bitbns, now you'll buy crypto and begin your trading journey.

Deposit INR on Bitbns

• After you complete the verification, you'll add funds to your INR wallet from the trading dashboard.

• After The next step is click on the ‘Wallet’ button. you'll be taken to the account page. Then Click on ‘Add Money to wallet’ on aaccount page.

• On subsequent page, Bitbns will give instructions.

• Bitbns’s specific bank’s beneficiary details are going to be mentioned. you'll plow ahead and transfer INR via P2P or UPI/ NEFT/ IMPS/ RTGS to the present bank.

• This whole process will take the quantity of your time that your bank has specified.

Trading on Bitbns

Bitbns Margin trading

In simple terms, a margin may be a sort of a loan. you'll utilize borrowed capital against the assets you own at the present to spice up your buying power. Hence, the you'll amplify your profits without owning a an assets through margin trading.

4X margin leverage

Bitbns allows you to borrow up to 3 times your current net worth (on Bitbns). Therefore, you'll increase your profit by trading with 4X leverage. for instance , if you possess 1 BTC of net worth, you'll borrow 3 BTC extra. during this way, you'll trade with a complete of 4 BTC. this is often 4X leverage. Consequently, you'll borrow 300% of your current net worth. Bitbns offers 28 digital assets for margin trading.

Margin Lending

You can lend your funds with margin lending. inspect this feature within the margin trading section. it's unquestionably one among the foremost foolproof methods for earning profit. This profit is earned by lending Bitcoin and other cryptocurrency funds at a hard and fast rate of interest for a hard and fast period of your time .

Types of orders on Bitbns

Stop-limit order

Stop-limit orders are available on Bitbns. A stop-limit order may be a conditional order. This order gets executed only a selected condition is met. When your stop price or trigger price is reached, your limit order is instantly placed on the order book. So, you'll exit or enter the market only you're certain about the worth momentum.

Trailing Stop-limit order

On Bitbns, a stop-limit order is out there with a stop-limit trail interval for extra downside protection. to know this intimately , inspect the subsequent video.

Bracket Order

You can minimize the danger with a 3-in-1 bracket order. Bracket order may be a combination of entry order, exit order, and trailing stop order .

Withdrawing INR on Bitbns

You have click on the ‘Wallet’ button available on a dashboard . & After this, you'll be taken to the account page.

There you'll see a ‘Withdrawal’ button below ‘Add Money to Wallet.’ Click on the ‘Withdrawal’ button. Then, you've got to enter the quantity you plan to withdraw.

You will receive your money within the checking account that you simply have mentioned during the registration.

Bitbns Fees

Bitbns trading fees

On Bitbns, makers also as takers both pay an equivalent fees (0.25%).