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Posts tagged as “Bitbns”

BitBns Instant Withdrawals for INR are Live, Here are our Test Results

Last night a notification went out to all Bitbns App users, “Instant Withdrawals are now Live”. So we attempted it to see if they are actually instant or is there a Caveat. Late Comers Bitbns is one of the few exchanges in the list which does did not offer instant or fast withdrawal. In fact, on certain occasions it took over three days to receive INR in bank accounts. They…

BitDroplet – Bitcoin SIP Investment Platform now allows BTC withdrawal

Bitdroplet, platform to invest in Bitcoin at regular intervals now offers direct BTC withdrawals. The platform earlier mandated users to redeem their investment in USDT and withdraw the same. SIP some Bitcoin India’s Bitbns crypto exchange launched Bitdroplet in December last year to allow users to buy BTC for any amount at regular intervals. Users can invest a fixed amount in BTC everyday, week or month, thereby possibly advantaging from…

Indian Bitcoin Trading Volumes Accelerate post SC Judgment on Local and International Exchanges

Most local exchanges have fully functional INR markets but haven’t toppled the volumes of international Peer to Peer Exchanges like Paxful and LBC. Infact there is a sizeable increase in Volumes on P2P exchanges as well. It is close to a month since the honourable Supreme Court of India quashed Reserve Bank of India’s “Banking Ban” that prohibited Banking support to exchanges. Many exchanges rushed to on-ramp INR deposits and…

Indian Crypto Exchange Withdrawal Fee – May 2018 Vs Apr 2020

BTC Withdrawal fee remains almost similar, yet ETH withdrawal fees are up 3-10x. Back in May 2018, none of the Indian Exchanges actually had USDT or any stable coin listed on their exchanges. For those of you who follow me on twitter, know that I worked 22 hours to prepare a Google Sheet with Crypto Withdrawal Fees on Indian Exchanges. It would have taken me just 4-5 hours to copy…

Bitdroplet Review: Buying Bitcoin Regularly as SIP much easier, not perfect

Using Bitdroplet, anyone can automatically buy BTC like an SIP. User can setup a goal, amount, frequency of investment under the “Systematic Purchase Plan”, it can also be redeemed at any time. Adequate USDT Balance has to be maintained for automatic investment. There is no denying that Crypto assets like Bitcoin are one of the most volatile investments in recent times. The price of one bitcoin hit almost US $20000…

Exclusive: How OKEx and Bitbns Plan to Work together in India!

One of World’s largest Cryptocurrency Exchange OKEx announced a “Strategic Partnership” with one of India’s largest Cryptocurrency Exchange Bitbns on twitter. The cryptic post reveals no details about it. Technical and Marketing collaboration The partnership between the exchanges is said to be both technical and marketing related. Both exchanges will share technology in order to help make a better product. A unique feature on one exchange can then be easily…

Take Note: Major Exchanges are Now Moving USDT from Omni to ERC20

Major crypto exchange Binance will move from USDT Omni to USDT ERC20 on Thursday, so is WazirX. Other Indian exchanges like Bitbns, CoinDCX, Instashift will follow suit. In an official announcement, to make the switch, Binance says that there is a 30-minute downtime planned for USDT withdrawals and deposits on July 4, beginning at 13:30 IST. After the switch, users will not be allowed to withdraw USDT Omni, however users…

Koinex Users sent 36 Lakh XRP to Binance, 15 lakh to Bitbns & 10 lakh to WazirX after Shut Down

It has been over 5 days since India’s largest Cryptocurrency exchange Koinex shut down. Users have been moving their funds to different exchanges. We followed the outgoing transactions on XRP and XLM Ledger Following the trail of XRP XRP is undoubtedly one of the easiest cryptocurrency asset to track. All exchanges have one or two addresses and all the users of the exchanges have unique tags. That makes tracking the…

Bitbns Introduces ‘Super Peer’ for Quick High Volume INR Deposits & Withdrawals

Super Peers are high volume traders on the USDT/INR peer to peer market. This will reduce number of transactions that traders have to do to deposit or withdraw high volumes of INR. Bitbns, one of India’s prominent crypto exchange launched a new feature on their platform on Friday. Any user depositing or withdrawing more than 500 USDT using their USDT-INR P2P platform can now become a “Super Peer”. USDT to…

CoinDelta Shut Down: Users Send 2.84 lakh XRP to Binance, 2.6 lakh to Koinex followed by WazirX and Bitbns

It has been a few hours over 2 days since Indian Cryptocurrency Coindelta exchange closed operations. Users have been moving their funds to different exchanges. We followed the outgoing transactions on XRP ledger. Following the trail of XRP XRP is undoubtedly one of the easiest cryptocurrency asset to track. All exchanges have one or two addresses and all the users of the exchanges have unique tags. That makes tracking the…