Quick overview
Bitbns is an INR-centric crypto exchange launched in 2017. It supports spot, margin and futures trading, and integrates fixed-income features and token-based fee discounts via BNS, catering to Indian retail users.
Fees and discount structure
Bitbns charges 0.25% for spot trades by default. BNS token holders and VIPs with high monthly volumes get lower rates — down to 0.03%. Derivatives makers pay 0%, takers 0.1%. Margin borrowing is free; lenders pay 15% on interest earned.
Fiat and crypto options
INR deposits and withdrawals are available via UPI, cards, bank transfer, Google Pay and Apple Pay. Withdrawals incur typical network fees (e.g., 0.0005 BTC). Minimum trade amounts are low - under $1 equivalent.
Trading features and services
Bitbns offers margin (4x) and futures (10x) trading. Other tools include SIP plans (Bitdroplet), staking, and fixed-income products yielding up to 15% annually. However, advanced charting and P2P transfers are missing.
Liquidity and usage
Daily volume ranges between $1.6M and $2.3M, concentrated on BTC/INR and ETH/INR. Liquidity is solid for large caps, but thin for smaller assets. Total listings number between 115 and 140 coins with over 130 pairs.
Security and regulation
Uses 2FA, SSL and cold storage. There are no known hacks, but Bitbns remains unregulated in India. Security ratings are moderate, and there's limited third-party audit transparency.
User experience and support
The interface is basic but usable on web and mobile. Common complaints include frozen accounts, slow withdrawals, and unresolved support tickets - sometimes taking 60+ days to resolve.
Final verdict
Bitbns is built for Indian traders who want easy INR access, broad token support, and passive income tools. While BNS token incentives and SIPs appeal to long-term users, poor support and regulatory gaps create risk. For basic INR crypto activity, it works - for advanced users, it's lacking.