How to Trade in Bitbns
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NOTIFICATIONS:
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  • • Stellar Coin is live !
    Start Trading Now

  • • History section now shows transaction hash details
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  • • Withdrawals after 25th Jan 4PM would be processed on 29th Jan due to bank holidays.

  • The official Bitbns App is now available:
    Google Play

  • • 2 Factor Authentication is now live
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  • • Trade fee has started.
    All sign ups before 15th January can trade without any Trade Fee till 31st January
    See Fee Structure

  • • Now you can link more bank accounts for easier INR deposit and withdrawals
    Add Now

The flash sale is over!

However, you can still register to trade on Bitbns.
Stay tuned to be informed about the next flash sale

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About Stellar (XLM)

XLM is a popular cryptocurrency with a difference, which essentially facilitates worldwide transfers and exchanges in fiat currency and cryptocurrency. It is very similar to Ripple, but the main difference is the simplicity, scalability and the functionality of XLM to help move money in remote areas at lower costs.

Currently the currency is hovering around Rs.19.16 (as on 6th Feb) and can be bought at very reasonable prices at Bitbns. We provide you a platform to buy Stellar in India at 50% off in our flash sale. So, you can buy XLM tokens for Rs.100 and get XLM tokens worth Rs.200. This offer is sure to double the value of your investment, but you can only buy a maximum XLM of Rs.500 in this offer.

Frequently Asked Questions

We believe that users should have an easy way to access any cryptocurrency. We started with bitcoin, then introduced Ripple, Neo, Ethereum and now it's time for XLM to break the ice. We are giving away XLM tokens at 50% off in this flash sale. So, don't miss this opportunity.

  1. We are conducting flash sale on this page. You can bookmark this page to double your XLM coins on 12th Feb, 2018

  2. XLM 50% off offer will be served on first come, first serve basis, until the stocks last. So, make sure you don't miss it.

  3. Flash sale will be launched on 12th Feb, 2018 at 12 noon.

    • Register yourself
    • Complete KYC
    • Transfer money
    • Login before 12 noon on 12th Feb 2018, be quick to grab the offer.
  4. Yes, you are eligible for participating in the XLM flash sale, if you have completed a trade worth INR 25,000 before 5th Feb 12 P.M. Noon

  5. Registration for XLM flash sale will close on 11th February 2018 at 10PM

  6. XLM is a popular cryptocurrency in the market and many traders are showing growing interest in this crypto. To cater the needs of traders, we are launching XLM on our platform in an amazing flash sale offer. This will provide traders a good entry point in XLM.

  7. No! Flash sale would be conducted on this page, and not the trading page. So, you can bookmark this page. To ensure you are on the right page, you can ensure that you see a countdown timer and also a mark saying whether you are eligible for flash sale or not.

Simple Steps to Buy Stellar in India

  1. You can register at our website via your PC or mobile app and verify your mobile number and email id.

  2. ID Proofs: Complete your profile registration by submitting your:

    • PAN card
    • Bank account details, &
    • Aadhaar card photocopies
    • Note: Residents of Assam can upload Driving license photocopy for proceeding with background verification process.
  3. After verification, you can transfer funds to your BitBns account using UPI/NEFT/RTGS/IMPS.

  4. Once done, you can start trading with us

Register Now

Interesting Facts about XLM:

Stellar is a non-profit organization whose mission is to provide access to financial services for all. David Mazieres is part of the project and is behind a new cryptocurrency protocol. Named SCP (Stellar Consensus Protocol), this new protocol aims to make financial services cheaper and more accessible in developing countries. Originally, the system developed by Stellar was similar to the one experienced by start-up Ripple Labs whose goal was to make cross-border transactions faster and less expensive. Due to a technical problem a little over a year ago, David Mazieres decided to invent his own protocol.

The protocol governing Bitcoin relies on minors supposed to deploy sufficient computing power to guarantee the integrity of transactions on the network in exchange for compensation in bitcoins. However, the verification time of a transaction is currently 10 minutes. Starting from this observation, David Mazieres decided to remove the mining of the protocol. People with the software will need to designate trusted users to verify the integrity of a transaction, and all of these trusted relationships are public.

People able to invest in servers to undermine are therefore the trusted people in the Bitcoin network. With the system of Mazières, each person can choose the relations of trust. Finally, SCP relies on stronger cryptography in the absence of minors.

The Stellar project is open, each interested person can contribute to the development of an even stronger registry by modifying the code and also has an API to integrate it with other applications. Project advisors include Stripe, founder Patrick Collison, MIT Media Lab director Joi Ito and Jackson Palmer, the founder of Dogecoin.

When using the Stellar network, you would be using anchors and ledgers.

Anchors: These are trusted entities on the network that hold currencies that are being transferred. An anchor can be a bank or a person in a remote area who takes money online and then handovers the cash to the recipient.

Ledger: On the network, this is a central ledger of every account, which also includes the currencies it holds. This data is required for making transfers around the network.

  • XLM supports thousands of transactions per second
  • It can be used for trading and sending any currency, asset or token
  • XLM does not requires Proof of Work, but uses only SCP
  • It also allows free distribution to BTC and Ripple holders

XLM in 2018

As per the sources, the company is quite focused towards improving banking services from the developing world and for this, the company is making joint efforts along with India, Philippines, Nigeria and many other nations. Initially, its purpose was to facilitate cross-border obligations and exchange of fiat currencies. Today, Stellar Lumens is functioning really well and is performing successfully in these regions.

In the beginning, XLM price hovered at $0.53 and now the maximum price has reached $0.54. The average for the month of February, 2018 is expected as $0.37. Stellar price forecast at the end of the month will be $0.20 and change for February would be -62.3%.