Online Registration on Bitbns is absolutely free. So investors need to Sign Up using email id and by entering personal information.
Then, confirm by clicking on a link received on the email address indicated. Next, submit PAN card, bank account details and Aadhaar card photocopies. This process enables Bitbns in adhering to KYC guidelines.
After KYC documents validation (takes only 30 minutes), investors will be notified via email about account activation.
Using NEFT/RTGS/IMPS, investors can transfer funds to their Bitbns account and begin purchasing Verge (XVG).
Transfer of XVG between other wallets from/into Bitbns account is also possible which is just a 10-minute process.
Technology is evolving, and while Bitcoin is still a basic system, it needs to be scaled by huge proportions to meet the demand if it will never develop as a digital currency. Verge can be considered the next version of Bitcoin where it has adapted blockchain to improve security and anonymity in addition to capacity and transaction times. Verge was created in 2014 under the name DogeCoinDark. In 2016, it was renamed to Verge (XVG).
Its primary purpose is to guarantee the total anonymity of those who use XVG coins or tokens to make payments, their contact details are protected and will never be disclosed. Verge uses several anonymity-based networks, such as Tor and I2P. Anonymity is something that is lacking on the public Bitcoin ledger. Verge solved this problem by incorporating the use of multiple centrally-based anonymity networks, such as Tor and I2P. Internet (IP) addresses of users are scrambled, and transactions are untraceable, depending on the spiel on their website.
If Bitcoin transactions are slower than a proverbial tractor, transactions on Verge occur at light speed, comparatively speaking. Its use of simple payment verification technology allows most transactions processed by the Verge blockchain to complete in about five seconds. Verge community members are responsible for the direction of its technology and where the following coin heads. It currently offers a number of secure mobile wallets, including the Android Tor wallet, which offers mobile anonymity, another big plus on Bitcoin.
The charm of Bitbns is that the means of payment accepted are widespread. It is thus possible to pay by online banking. It must be recognized that from this point of view, Bitbns is the cheapest in the market when compared to its Indian competitors charging 1% to 5% of the total amount of transaction.