Bitbns has listed 641+ digital assets and offers Spot / Margin and Futures trading services. Crypto Gift Vouchers, a Hardware wallet (special offer: ₹14,999,) and crypto taxes filing through a partnership with Binocs and Koinx are some other services of Bitbns exchange.
Bitbns (An Introduction to the Exchange and Its Regulatory Status)
Bitbns is a popular Indian cryptocurrency exchange founded on December 14, 2017. The platform has quickly grown to become one of the leading crypto exchanges in India, boasting over$2.1M daily trading volume. Key features of Bitbns:
- Diverse order types (market, limit, and stop-limit orders)
- Secure hot and cold wallets for cryptocurrency storage
- A wide selection of trading pairs
- Margin trading capabilities with leverage of up to 1:4
- Access to cryptocurrency Futures and Options (coming soon) trading
- Fixed deposit products for earning interest on crypto holdings
Regarding its regulatory status, Bitbns is registered with theFinancial Intelligence Unit of India (FIU-India).
This registration signifies that the exchange complies with the global standards of the Financial Action Task Force (FATF) for Virtual Asset Service Providers (VASPs).
Bitbns Table of Specifications
Bitbns offers a comprehensive suite of features and services tailored to meet the diverse needs of cryptocurrency traders.
Exchange | Bitbns |
Launch Date | 2017 |
Levels | Explorer – VIP 9 |
Trading Fees | Spot 0.25% - 0.03% Futures Maker 0.0% / Taker 0.1% Margin Borrower 0% / Lender 15% |
Restricted Countries | North Korea, Iran, Myanmar, Syria, Yemen, Algeria, Angola, Bulgaria, Cameroon, Croatia, Haiti, Mali, Nigeria, South Africa, Venezuela |
Supported Coins | 641+ |
Futures Trading | Yes |
Minimum Deposit | ₹100 |
Deposit Methods | UPI, Bank Transfer, Crypto |
Withdrawal Methods | Instant Transfer, Bank Transfer, Crypto |
Maximum Leverage | 1:10 |
Minimum Trade Size | 4 USDT |
Security Factors | 2FA, Fingerprint Access, Location Checks, Cold Storage, Penetration Test, Bug Bounty Program |
Services | Tax Filing, Staking, Gift Voucher, API Trading |
Customer Support Ways | FAQ Section, Ticket, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes (INR, AED) |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | BNS |
Bitbns Exchange Upsides and Downsides
Bitbns has partnered with multiple platforms, including TradingView, Flippy, Finso, and Sahicoin, to offer advanced technologies and trading solutions. However, like any other Crypto exchange, Bitbns also has some flaws, too.
Pros | Cons |
Comprehensive user levels with reduced trading fees | Limited support channels (only Ticket) |
Wide range of supported cryptocurrencies | Limited fiat currencies support (only INR and AED) |
Staking and API trading services | Some geo-restrictions outside India |
User-friendly interface for beginners | Commissions for instant withdrawals |
Bitbns User Levels
Bitbns implements a tier-based user level system where traders are ranked according to their 30-day trading volume.
As users move up the tiers, they gain access to reduced maker/taker fees, priority withdrawal processing, and increased deposit/withdrawal limits, incentivizing higher trading activity.
A look into Bitbns VIP levels and fee discounts
Note that fee discounts on Bitbns are only applicable when the "Pay with BNS" option is enabled, which automatically pays the fees in the ecosystem's native token, BNS.
Level | 30D Trading Volume (USDT) | BNS Balance (equal in USD) | Fees |
Explorer | ≥ 0 | < $100 | 0.2500% |
VIP 0 | < 6,000 | ≥ $100 | 0.1875% |
VIP 1 | ≥ 6,000 | ≥ $200 | 0.1725% |
VIP 2 | ≥ 80,000 | ≥ $1,000 | 0.1500% |
VIP 3 | ≥ 500,000 | ≥ $2,500 | 0.1125% |
VIP 4 | ≥ 2,000,000 | ≥ $10,000 | 0.0900% |
VIP 5 | ≥ 10,000,000 | ≥ $25,000 | 0.0750% |
VIP 6 | ≥ 20,000,000 | ≥ $50,000 | 0.0600% |
VIP 7 | ≥ 30,000,000 | ≥ $100,000 | 0.0450% |
VIP 8 | ≥ 50,000,000 | ≥ $150,000 | 0.0375% |
VIP 9 | ≥ 80,000,000 | ≥ $200,000 | 0.0300% |
Bitbns Fees and Commissions
The exchange applies a default trading fee of 0.25% for both makers and takers. However, high-volume traders and users holding the platform’s native BNS token can benefit from lower fees through tiered discounts.
This fee structure makes Bitbns more cost-effective for frequent or high-volume users. Key points about Bitbns' fee structure:
- Spot Trading: Ranging from 0.0300% to 0.2500% based on VIP level
- Derivatives (Futures): 0% for Makers (Introductory offer) and 0.1% for Takers
- Margin Trading: 0% for Borrowers and 15% for Lenders
- Crypto Withdrawal: Variable fee and minimum amount based on the token
- INR Withdrawal: Fees ranging from ₹0.0 to ₹9.0
Listed Coins on Bitbns Exchange
The platform has listed over 641+ digital assets and many more trading pairs with INR and USDT as base currencies.
This wide asset variety includes both mainstream tokens likeBitcoin, Ethereum, and Ripple, as well as a broad selection of lesser-known altcoins, enabling users to diversify their portfolios across various blockchain networks. Some of the most popular tokens listed on Bitbns:
- BTC
- AAVE
- ETH
- BNB
- BCH
- DOGE
- ADA
- EOS
- FIL
- LTC
Derivatives and Margin Trading on Bitbns
In addition to a comprehensive Spot market, Bitbns also provides access to Crypto Futures and Margin trading with the following key features:
Derivatives (Futures)
- Leverage options of up to 1:10 in Derivatives
- 10 trading pairs on digital assets, such as BTC, SHIB, ADA, BNB, ETH
- Options trading (coming soon)
- Limit and Bracket
Margin
- Trading on 30 coins, including PHB, POLY, XRP, SIA, and USDT
- Leverage options of up to 1:4
- Suitable for investors to lend their free margin and earn interest rates and for borrowers to access a larger trading capital
Bitbns Registration and KYC
To access trading features on Bitbns, users must complete both account registration and full KYC verification. This ensures compliance with global financial regulations and secures access to crypto trading, withdrawals, and fiat integration.
#1 Sign Up on the Platform
Visit the official Bitbns website and click on “Sign Up”. Fill in the required details, including:
- Account password
- Country of residence
Confirm your email using the OTP sent to your inbox.
#2 Begin KYC Process
Head to your Profile section and click “Complete KYC”. Choose "International User" verification, enter your mobile number, and then upload supporting documents, including:
- ID Documents: Passport, National ID, or Driver’s license
- Proof of Address: Utility bill or Government-issued documents
#3 Complete Liveness Check
Record a short selfie video holding your ID and a handwritten note as instructed.
#4 Link Your Bank Account
Submit accurate banking details to enable fiat deposits and withdrawals.
Bitbns Exchange Apps and Platforms
The platform offers a comprehensive mobile application alongside its WebTrader to answer the needs of mobile traders. Bitbns also provides a unique browser extension to indicatearbitrage opportunities between 5 exchanges, including Binance, Huobi, Gate.io, Kucoin, and itself.
BNS: Crypto Trading Exchange
Bitbns Extension
The platform provides access to TradingView charts and tools. TradingFinder has developed a wide range of free and advanced TradingView indicators that you can use for free.
Bitbns Security and Safety
The company is an ISO 27001 certified exchange implementing a multi-layered security architecture, including multi-signature cold wallet storage, two-factor authentication (2FA), KYC verification for account protection, and email-based login confirmations.
Regular third-party security audits and penetration testing further enhance the platform’s resilience against breaches. Bitbns security features:
- Two-Factor Authentication (2FA)
- Bug Bounty Program with a minimum reward of 1,000 INR
- Location checks for withdrawals
- Penetration test
- Security audits
- Cold storage
Bitbns Payment Methods
While the platform supports Crypto and Fiat transactions, the only available fiat currencies are INR and AED (for UAE citizens).
The available INR payment methods on Bitbns:
Deposit | UPI, Bank Transfer, P2P USDT |
Withdrawal | Normal (30 to 60 working days), P2P USDT, and Instant |
Bitbns requires a minimum investment of just ₹100 (approximately $1.20), making it one of the most accessible crypto platforms for beginners. This low entry point allows new users to explore cryptocurrency trading without committing large funds upfront.
Bitbns User Satisfaction
Trust score may be the most important topic in this Bitbns review. Users’ feedback to the exchange is generally negative, with lower-than-average ratings on reputable platforms, including:
1.4 out of 5 based on 139 reviews | |
Reviews.io | 2.1 out of 5 based on 12 ratings |
CoinGecko | 4 out of 10 |
Users have complained about various issues, including withdrawals taking longer than they should, poor customer support, and fraudulent activities.
Bitbns Crypto Services
While Bitbns provides access to crypto staking opportunities, it doesn't offer copy trading services. The platform also provides crypto gift cards, allowing users to send a specified amount of cryptocurrency to their friends as gifts.
Staking | Yes |
Yield Farming | Yes |
Social Trading | No |
Liquidity Pool | Yes |
Crypto Cards | Yes |
How to Reach Bitbns Customer Support?
We can consider Bitbns' customer support as its main weakness. The lack of a live chat feature can be a serious letdown for potential clients. The exchange provides support through the following methods:
- Email: support@bitbns.com
- Ticket system
- FAQ section
Bitbns Copy Trading and Investment Plans
While the exchange doesn’t directly offer copy trading, it provides API Trading services for programmers through its Node and Python APIs and for novices with less coding knowledge via the Google Sheets API.
Bitbns also offers multiple investment opportunities, including:
- Margin Lenders: Interest rates for lending assets
- Bitdroplet: Systematic Investment Plan (SIP) in BTC, Gold, Silver, and ETH with a trade fee of 0.25%
- Staking: Fixed deposit products with APY of up to 15%
Prohibited Countries on Bitbns Exchange
While the company strives to serve a global clientele, it requires clients not to belong to FATF-sanctioned countries, including:
- North Korea
- Iran
- Myanmar
- Syria
- Yemen
- Algeria
- Angola
- Bulgaria
- Cameroon
- Croatia
- Haiti
- Mali
- Nigeria
- South Africa
- Venezuela
Bitbns Comparison with Other Exchanges
Let's check Bitbns's services and features with top exchanges in the market:
Features | Bitbns Exchange | MEXC Exchange | BingX Exchange | Kucoin Exchange |
Number of Assets | 641+ | 2800+ | 800+ | 700+ |
Maximum Leverage | 1:10 | 1:200 | 1:125 | 1:100 |
Minimum Deposit | ₹100 | $1 | $1 | $1 |
Spot Maker Fee | 0.03% - 0.25% | 0.05% | 0.005% - 0.1% | From 0.005% |
Spot Taker Fee | 0.03% - 0.25% | 0.05% | 0.02% - 0.1% | From 0.025% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | Yes | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | Yes | Yes | Yes | Yes |
Copy Trading | No | Yes | Yes | No |
Writer’s Opinion and Conclusion
Bitbns provides leverage options of up to 1:10 for Futures and Margin trading on 40 crypto trading pairs. Future contracts come with 0% fees for makers and a 0.1% commission for takers.
Bitbns exchange also has a Chrome / Firefox extension providing arbitrage opportunities between Binance, Kucoin, and Gate.io platforms.
The lack of live chat support and a lengthy withdrawal process (up to 60 days) has caused multiple negative Bitbns reviews and a low score of 1.4/5 on TrustPilot.