Register: Sign Up with Bitbns and enter name, phone number and email id for account creation purposes.
ID Proofs: Upload PAN card, bank account details and Aadhaar card photocopies.(Residents of Assam can upload Driving license photocopy) for proceeding ahead with identity verification process.
On successful validation of uploaded documents 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 start trading.
Investors have an option of performing an intra-transfer of their Siacoins between various other cryptocurrency exchange accounts they might have into their Bitbns account which takes around 10 minutes.
The Sia is a blockchain that will allow you to store your data on a decentralized Cloud. Concretely, instead of all your data being saved on the servers of an entity (Amazon, Apple, Microsoft, ...), they are stored in all users who agree to allocate their storage space. It's a kind of hard disk in peer to peer.
Its development was initiated during HackMIT 2013, with the idea that it might be possible to create a global market for unused disk space.
The software provides complete data privacy - these are split, encrypted, and distributed to different nodes. They will store this data using a cryptographic key, which will then allow them to decrypt their files. No one else will be able to access these.
The SIA project uses its own currency. This currency is used on the SIA network, to rent storage space for example. Investors will be able to get the best-known buying price at Bitbns.
Bitbns allows you to easily buy Siacoin and many more cryptocurrencies on their platform in just a few clicks. Bitbns touted to be the largest Indian marketplace has already demonstrated its potential through initial market successes from a nascent stage.