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How to Trade in Bitbns
  • New Tokens Update: Trades for IXT,SKY & ODEM are now liveyippie
    Trade Now
  • INR Update: We have incorporated a new way of depositing and withdrawing INR yippie
    Check it out
  • TRX Mainnet Update: After an exclusive deal with TRX team, ERC20 TRX deposits are now enabled, while withdrawals remain paused for the mainnet swap.
  • • We do support Pundi X airdrops.
    Read instructions here
  • • Looks like there's some positive news from the Govt. on cryptocurrencies, putting away reasons to panic sell.
    Read More
  • Token Swap: We do support TRX and EOS Token Swap.
    Read More
  • New Feature: Price Alerts are now live. You can now add price alert for price rise or drop from the trade pages.
  • Update: Segwit addresses for BTC are live. Users can still deposit to old addresses for 2 days. Withdrawal Fees slashed to .0005 BTC
  • Changes: We have changed our bank deposit details for NEFT, IMPS, RTGS. Kindly check the deposits page for new details.
    See the New Bank Details
  • New Feature: Introducing Digital Assets Margin Trading in India
    Check it out now
  • OMG & VEN Limited Time Trade Offer: Trade fee on both buy & sell side for OMG & VEN slashed to 0.1% starting from 6:00PM 2nd Apr, 2018 till 12:00PM 3rd April, 2018
    Trade Now
  • Multiple Contests: Deposit, Trade & win with VEN, ICX, REQ, OMG, ADA, ZIL, NCASH, POLY & EOS. Check the corresponding trade pages for more details
    Check Now
  • CONTEST: Deposit 100 EOS and trade it. Get 0.4 EOS free. Deposits from 3:00 PM, 27th March would be considered
    Trade Now
  • CONTEST: Deposit 500 POLY and trade it. Get 3 POLY free. Deposits from 3:00 PM, 27th March would be considered.
    Trade Now
  • • ADA Trading is live! Happy
  • CONTEST (Expired): Deposit 5000 TRX and trade it. Get 30 TRX free. Deposits from 12:30 PM, 24th March would be considered
    Trade Now
  • CONTEST: Participate & Win 500 ADA, Free Trading & much more
    Read the Rules |See Leaderboard
  • • New Feature: You can now place Stop-Limit Orders
    Read More
  • • Refer and earn ₹100 for each invite to Bitbns
    Know More
  • • Now you can Follow Blockchain, Cryptocurrency News & Updates on Bitbns
    Read More
  • • As an added layer of security, 2FA is now mandatory for withdrawals. If you haven't enabled 2-factor Authentication, you can enable it now.
    Enable 2FA Now
  • • The Mega Flash Sale Week @Bitbns from 5th - 13th March.yippie
    Read More
  • • Withdrawals would be unavailable during bank holidays and will only be open from 9:30AM to 5PM on other days.
  • The official Bitbns App is now available:
    Google Play

    Apple App Store

Buy Steem in India

Note: Steem is not yet live for trading, but we would add it soon. Till then, sign up and explore seamless trading at Bitbns.

Simple Steps to Buy Steem (STEEM) in India

  1. Investors can simply 'Sign Up' with their email ID. As usual, you will need to enter an email address and a password, as well as confirm your email address with the link sent to you (Remember to look in your spam messages).

  2. You will be asked to activate 2FA (2-factor Authentication) with the Google Authenticator app, which will help you secure your account.

  3. For identity verification purpose investors are supposed to submit PAN Card, Aadhar Card photocopies.

  4. As soon as uploaded documents get verified (the KYC verification process takes only 30 minutes), you can login to the site by clicking on 'Login' at the top right of the page and start purchasing STEEM.

Register Now

About Steem (STEEM):

Steem is designed to enable efficient micropayments. For instance: readers no longer have to decide whether to pay out of pocket to read content but they vote for or against an article. Steem uses the sum of these votes to pay the authors.

However, there are other forms of contribution that Steem recognizes and rewards using an objective metric: transaction validation, proof-of-work mining, cash reward and denouncing block producers who cheat.

Another instance: A community can attract capital in two ways; debt and property. Those who buy property earn when the community grows and loses if the community decreases. Those who buy debt, earn interest regularly but do not participate in the profits made by the growth of the community. Both types of capital contributions are used to grow the community and value its currency. In addition, there are two ways to own a property: in cash or as an investment. Investing in a steem property makes it a long-term commitment: it can not be sold for a minimum period of time.

In Steem, there are three asset classes:

Stem (STEEM) - STEEMs are the basic unit of accounts and serve as a standard for defining the value of other tokens. They should only be possessed in the short term. To enter / exit the platform, it will be necessary to buy / sell STEEMs, but once inside they must be converted as soon as possible into SP or SMD in order to minimize the impact of dilution in the long term. Steem has an inflationary supply model: every year the monetary base doubles, but every three and a half years the Steem reward per block is lowered by 1 / 10th.

Steem Power (SP) - The SP can be viewed as a power token and roughly represents the percentage of influence that a user has, compared to the rest of the community, measured in Steem. To reward members, 9 units of SP are distributed pro rata per unit of Steem created. This discourages the long-term ownership of STEEMs and protects the holders of the dilution. SP's being non-transferable and non-divisible do not lend themselves easily to trading.

Steem Dollars (SMD) - The creation of SMD requires a combination of three factors:

  1. a reliable source of price
  2. rules to prevent abuse
  3. liquidity

Having a reliable source of price in turn involves three factors:

  1. minimizing the impact of possible incorrect information
  2. maximizing the cost of producing incorrect price information
  3. minimizing the importance of timing.
About Bitbns

The Bitbns platform and service is designed, developed, and operated by Buyhatke Pvt Ltd, a company based out of Bangalore, India. It is backed by trusted investors and used by millions of Indians. The Bitbns trading platform offers great security with multisig addresses, security deposits and purpose-built arbitrator system in case of trade disputes, which happens to be the first of its kind in India.