Bitbns is an India-based cryptocurrency exchange that provides a convenient entry point for users to engage in crypto trading. BNS is the native utility token of Bitbns exchange and has various applications.

In addition to the crypto exchange, Bitbns operates the bitBNS Pay App, a crypto payment app, and Arbitrager, an arbitrage app. The Bitbns project aims to drive mass adoption of digital currencies, making it easier for more investors to enter the world of crypto trading and use cryptocurrencies for digital payments.

The Bitbns exchange supports spot trading, margin trading, derivatives, and offers other investment opportunities. It also offers services like Bitdroplet, allowing small investors to buy Bitcoin through a systematic purchase plan SIP for as low as 100 INR (approx. $1.20) per month.

The platform also provides Fixed Deposits, where crypto investors can earn low-risk returns by holding and lending cryptocurrencies for liquidity over a fixed period. Additionally, Bitbns hosts various promotional opportunities such as contests and Predict & Win to gamify the crypto experience.

As of October 2022, Bitbns supports nearly 400 digital assets for trading and has over 4 million active users. Along with leading crypto assets, the platform supports new and upcoming projects through its Launchpad, allowing projects to raise funds via Initial Exchange Offerings (IEOs) on the Bitbns Launchpad.

Bitbns also offers a hardware wallet for cold storage of cryptocurrencies. The wallet is compatible with Android and iOS devices, supports multiple cryptocurrencies, and provides connectivity to DeFi and dApps via WalletConnect. NFT users can also access OpenSea and Rarible through in-app integration.

Bitbns conducts Pool Sales, enabling users to stake $BNS and acquire cryptocurrencies at discounted rates. Participants in Pool Sales enjoy discounts on trading fees and receive referral and FIP benefits.

In addition to the official Bitbns crypto trading app, the Bitbns Pay App allows users to conveniently deposit fiat currencies and withdraw from the platform. Account setup can be completed within 10 minutes through KYC, and users can enjoy free Bitcoin and crypto payment transfers.

The Bitbns Arbitrager app is a useful tool for expert traders seeking a superior arbitrage experience when trading cryptocurrencies. Enabling the app overlay within the Arbitrager floater button facilitates fast arbitrage trades across BYDFi and other leading exchanges.

The parent organization, Buyhatke Internet Pvt. Ltd., was incorporated in 2015. Bitbns exchange was launched in December 2017, followed by the mobile app a month later, opening doors for the general public to participate in crypto trading.

In March 2018, the platform introduced stop-limit trading, and in April 2018, margin trading was made available. In July, a new P2P model was implemented to enable deposits and withdrawals in Indian Rupee (INR).

In August 2019, Bitbns expanded its operations globally by launching in UAE and Thailand. The Early Bird Sale for the BNS token occurred in February 2020, followed by multiple Pre-Public Sale rounds in April and May of the same year.

In November 2020, the BnsPay app was launched, and the Lending service was introduced in March 2021. The Payments Blockchain went live in June 2021.

Consider Bitbns (BNS) as a potential investment to diversify your crypto portfolio. The BNS token has been designed by Bitbns to be a versatile crypto asset with applications within and beyond its ecosystem. The future rollout of more use cases for the BNS token on the Bitbns platform could potentially increase its demand and support its price in the market. Additionally, higher trading volume and increased usage of the Bitbns platform could contribute to the value of the BNS token. Moreover, a bullish market sentiment could further drive the Bitbns price up, fueled by increased buying activity and the attractiveness of the BNS token.

It is impossible to offer an accurate Bitbns price prediction. However, several factors could influence the price of the BNS token:

Level of Usage of The Bitbns Platform

The demand for the BNS token and its price could be influenced by the level of user activity on the Bitbns exchange. Higher trading volume and increased activity could support the BNS price, while a decline in these factors could weaken it.

Applications for BNS Token

The introduction of more use cases for the BNS token by Bitbns could encourage users to buy, hold, or use it, potentially driving its price up.

Market Sentiment

The BNS price is susceptible to market sentiment as it is the native token of a crypto exchange. Bullish sentiment could lead to higher trading activity on the Bitbns exchange and support the BNS price, while bearish sentiment could reduce user engagement and weaken the token's appeal.

The BNS token serves multiple purposes within the Bitbns ecosystem:

Utility Token

BNS is a multi-protocol utility token that operates on various blockchains. It aims to facilitate the spending of cryptocurrencies and promote global commerce.

Digital Payment Method

BNS can be used for online and offline transactions, providing instant discounts. It enables international remittances with low transaction fees.

Banking and Cryptocurrency Investments

Bitbns plans to offer banking and investment services using the BNS cryptocurrency. Users can open savings deposits with higher interest rates and access loan disbursals with BNS.

Crypto Asset for Trading and HODLing

BNS can be traded against other cryptocurrencies to potentially generate profits. Users can also hold BNS long-term based on their belief in the future potential of the Bitbns ecosystem. Before trading BNS, it is advisable to review its live price, market cap, circulating supply, 24-hour trading volume, and the latest crypto news.

Earn Passive Income

Users can stake BNS on Bitbns's official DeFi application, BNS.Finance, to earn passive income. By holding cryptocurrencies, including BNS, on the platform, users can earn interest and grow their crypto portfolios.

There are several ways to acquire BNS crypto:

Buy BNS on Crypto Exchange

Purchase BNS tokens on platforms like BYDFi by exchanging fiat currency or existing cryptocurrencies.

Stake BNS

Participate in Bitbns' Pool Sales and stake BNS to earn good returns. This platform also offers staking users the opportunity to buy cryptocurrencies at discounted rates.

Predict & Win

Use the Predict & Win feature on Bitbns to predict the future price of crypto assets and win rewards in BNS tokens. Note that a participation fee is required to use this feature.

You can add and withdraw funds on the Bitbns exchange through various options:

P2P

Utilize the P2P service on Bitbns to buy or sell USDT for INR. This is the fastest and most convenient method for depositing money, initiating trades, and withdrawing funds.

Quick Swap

Use the Quick Swap feature to instantly and hassle-free swap your crypto for INR or USDT.

Bitbns Wallet

Deposit or withdraw funds using the official Bitbns wallet. After completing the KYC process, users can choose between UPI or Bank options for their crypto wallet.