Review

Bitbns is the fastest and easiest way to buy Bitcoin and other cryptocurrencies in India. Fund your account in INR, AED, USD or THB from an Indian bank account or your mobile phone (through BHIM, Tez, Paytm or Phonepe). Buy and hold cryptocurrency, or receive interest through savings accounts, including on BTC. Alternatively, you can trade on margin with leverage up to 4 times your initial deposit.

  • Buying options
  • Fiat currencies: INR and 3 others
  • Payment methods: 9
  • Pros
  • Easy to use interface.
  • Access cryptocurrency savings accounts.
  • Fund your account using a mobile phone.
  • Cons
  • Relatively low leverage (up to 4 times).
  • Fees are higher than on other exchanges.

Trading Fees

Fees

Bitbns will reward you the lower trading fees, the larger your trading volume. The volume-based discount starts at 25% and is calculated over the last 30 days. Importantly, you'll need to hold BNS, the exchange's token, to qualify. Otherwise, you'll pay a flat 0.25% fee on all trades, regardless of your trading volume.

Trading Fees (Spot)
BitbnsWazirX
Maker fees0.25%0.2%
Taker fees0.25%0.2%
Discount when holding its token25% - 88%50% - 6.25%

Margin Trading Fees

Fees

Trade on margin with leverage up to 4x across 30+ cryptocurrencies.

When you trade on margin, you can invest more than you own, by borrowing from others. For example, you could buy 1 Bitcoin for $40,000 with a $10,000 deposit by borrowing $30,000. This amounts to 4x leverage. You'll have to pay interest on the amount you borrow and repay the principal at maturity.

Conversely, you could generate passive income by lending cryptocurrency in your account to others who are looking to borrow. Decide how much you want to lend, for how long and set your chosen interest rate. Please note that your capital could be at risk if the borrower is liquidated.

Bitbns acts as a matching engine connecting borrowers with lenders, across 30+ cryptocurrencies, including Bitcoin, Ethereum and Tether. Open a free account on Bitbns.com to check the latest borrowing and lending rates.

AboutAdvertise With UsBlogMedia
cryptobuyer.com does not accept deposits, advise on investments or arrange investments. Information published on this website and in our external communications is factual and for information purposes only. It does not constitute financial advice.