There are new cryptocurrency exchanges coming up day after day and it is quite hard to choose the appropriate one. The reviews, too, can be misleading sometimes. Right now, there are two most popular cryptocurrency exchanges that are making waves: Bitbns and Bitoasis. Let' s take a look at them and compare them. We believe our review on BitOasis will help you in deciding the right exchange to trade-in.
The first and foremost thing you should understand is that every cryptocurrency exchange is unique in its own way. If a particular exchange works for you, it doesn' t mean it works for others, too. Hence it' s crucial for you to study the exchanges properly before trading. Keep in mind the following factors while deciding: Fiat Deposit Method, Customer Support, Buy and Sell Spread, Zero Deposit Fee, User reviews and Withdrawal.
|AED Deposit||Bank Transfer||✔️ (Free)||❌ (credit card/debit card deposit) +3.5% charges|
|Free and Instant Deposit||✔️||❌|
|AED Withdrawal||Faster Withdrawal||✔️ (0 fee withdrawl||❌ (60 AED fee)|
|Zero Fee Withdrawal||✔️||❌ (60 AED fee)|
|Fee on Crypto Withdrawal||Low Fee on Withdrawing Crypto||✔️||✔️|
|Unlimited Cryptocurrency Withdrawal||✔️||✔️|
|Crypto Deposit||Faster Deposit||✔️||❌|
|Fee on Trading||Low Fee on Trading Cryptocurrency||✔️||❌|
|Support||Reply Within 5 Minutes||✔️||❌ (Poor response time)|
|Mobile App||On the Go Trading||✔️||✔️|
|Free Coin||Flash Sale||✔️||❌|
|24-Hour Chat Support||Telegram||✔️||❌|
Bitbns is a new platform launched in 2017. It is aimed at building the easiest and the fastest way to transact bitcoins and alternative currencies, such as Ethereum, Ripple, Litecoin, and Stellar. Started by IIT graduates in 2017, Pune-based Bitoasis is an exchange that allows the user to trade Bitcoin, Ethereum, Ripple, and few other altcoins
Bitbns supports AED deposit features through USDT P2P process, which is the same as buying a voucher on bitoasis earlier, but instead of depositing to companies bank, our sophisticated P2P engine will match your request to the USDT peer withdrawer, and shows their bank account. You just log in to your online banking and make a payment to the bank shown on Bitbns and provide relevant transaction ID to Bitbns.
On the other hand, Bitoasis supports only credit/debit card deposits, with a convenience fee up to 3.5% per transaction.
The withdrawal is fast on Bitbns. Investors are not charged a fee for withdrawal, either. Bitoasis, however, is very slow and investors are charged a fee of 60AED per withdrawal and it is limited to 370,000 AED per week.
The crypto withdrawal fee is extremely low on Bitbns. Investors can also withdraw any number of crypto anytime they want.
Bitoasis has a delayed withdrawal processing (30 minutes) average.
Cryptocurrency trading fee is very low on Bitbns, whereas Bitoasis charges a hefty fee on trading.
Each of your transactions is charged a flat 0.25% trade fee, regardless of the volume you're trading. However, you will be eligible for a rebate if your total trade volume per day is greater than 400,000 AED.
Buy order: Your transaction fees will be 0.25% on the maker and 0.5% on the taker.
Bitbns' s customer support is proven to be outstanding. You can get in touch with their customer support anytime and they will reply within five minutes! What' s more, they offer 24-hour chat service via Telegram.
Bitoasis customer service is questionable. Their response time is not great and they do not have a 24-hour chat support service, either.
Bitbns mobile app is excellent and user-friendly. It supports on-the-go trading. Bitoasis, however, doesn' t have a good order placing mechanism.
Bitbns supports all the major cryptocurrencies, such as Ethereum, Bitcoin, NEO, Ripple, Stellar, and GAS.
Bitoasis doesn' t support them all. It only supports Bitcoin, Ethereum, and Ripple. So if you are looking forward to trading NEO, GAS, or Stellar, Bitoasis is not the one to go to.
Bitcoin flash sale was one of the major events conducted by Bitbns. In the flash sale, investors get a chance to earn some free coins. If you are a beginner, this is a great opportunity to get started in the crypto world.
Bitoasis has never organized such an event.
Now that you have gone through the pros and cons of Bitbns and Bitoasis, you can make an informed decision.
Board the trading wagon now!