Monero, also known by its acronym XMR, is a cryptocurrency that came to light in 2014 as a fork of Bytecoin (not to be confused with Bitcoin), and is an open source cryptocurrency that inherited the Cryptonote protocol of Bytecoin, which It provided total anonymity that other cryptocurrencies can not offer. We must differentiate the concepts of privacy offered by other types of cryptocurrencies normally, to the total anonymity that Monero offers, since the economic transactions that are carried out are totally confidential and untraceable.
Please read the FAQ in order to know more about the flash sale
What is Bitbns Monero flash sale offer?
We at Bitbns believe users should have an easy way to access any virtual currency.
If I trade for Monero at that time would it double?
No ! Flash sale is conducted on a seperate page from trading. The flash sale would occur on this page. You can bookmark this page The trading happens on the trading page. In order to ensure you are on the flash sale page check if you see a count-down timer and also a mark saying whether you are eligible for flash sale or not like given below
How many users will get the Monero flash sale offer?
The flash sale is based on first come, first serve basis - until the stocks last.
When is the flash sale?
The flash sale would be conducted on 5 March at 12:00 Noon
How do I participate in the flash sale?
All you have to do is register with us and complete your KYC verification and then transfer money of which you want to buy Monero to be eligible to participate in the flash sale.
Am I eligible for this flash sale?
If you have signed up on or before 1st March on Bitbns, you must be holding at least 0.1 XMR until the flash. But if you have registered after 1st March, there is no holding required.
What is the last date for the Monero flash sale registration?
The registration for the flash sale closes on Sunday 4 March 2018, at 10 P.M. Indian Standard Time.
Why a flash sale on Monero?
The segment of cryptocurrencies is one of the most talked about, but compared to the big references -currently, bitcoin and Ethereum- there is a large group of tokens and altcoins, alternative cryptocurrencies among which lately one can hear people talking in a prominent way : Monero (XMR). This cryptocurrency was introduced in April 2014 with a purpose: to provide an alternative focused absolutely on privacy and that was not based (like many others) on the bitcoin code. Currently, there are 15 million tokens of this currency and there is no creation limit. And price of 1 Monero is just around INR 19,095 as of 1 March 2018. We at Bitbns believe people should have access to any genuine currency they would wish to trade. Hence we after a successful launch with Bitcoin are adding Monero and for more people to get the currency we are introducing a flash sale.
When is the next flash sale?
The next flash sale is on 7th March and will be with DBC tokens. Read about DBC Flash Sale
Register: Sign Up with Bitbns and enter name, phone number and email id for account creation purposes.
ID Proofs: Next, submit your :
Note: Residents of Assam can upload Driving license photocopy for initiating background verification process.
On successful verification of uploaded documents which will take only 30 minutes, investors will be notified via email about account activation.
Finally investors can Transfer funds to their Bitbns account using NEFT/RTGS/IMPS or UPI and begin placing their trading orders!
Investors have an option of performing an intra-transfer of their Monero between their various other cryptocurrency exchange accounts into their Bitbns account which would not take more than 10 minutes.
Monero is the anonymous and untraceable virtual currency par excellence, which is worth a growing development, where it seems that it is taking the place of Bitcoin! Indeed, Monero is in the process of becoming the reference cryptocurrency. The reason is of course the anonymity promised by this cryptocurrency. Some of the biggest sites like Wall Street Market and AlphaBay offer payments by Bitcoin but also by Monero.
Launched in 2014, Monero is an open source cryptocurrency oriented for privacy. It uses cryptonote technology and secures user spending. Indeed, it is impossible to use a double-spending attack which consists of charging a person twice. Moreover, it guarantees the anonymity of the users thanks to a system of signature of circles. Finally, it can evolve while Bitcoin is limited by its code.
It is a very interesting currency in terms of philosophy, anonymity and security.
Monero runs on Windows, Mac, Linux and FreeBSD using the proof-of-work method to create additional blocks in the blockchain.
The algorithm can create about 18.4 million pieces over a period of 8 years.
Bitbns is one of the sites offering the best buying rates in the field of cryptocurrency. The platform also allows payments by bank transfers. It also facilitates transactions and is recommended for beginners in the sector. This site enjoys a very good reputation and a very significant exchange rate.