Bitbns vs CoinDCX? Hard to choose, right?
Here is a detailed comparison – Bitbns vs CoinDCX, which helps you stick to the best choice according to your needs. So read the article till the end.
Bitbns Vs CoinDCX
Bitbns and CoinDCX happen to be two of the best cryptocurrency exchange platforms in India. In order to familiarise the readers with these exchanges, here are better descriptions of both of these cryptocurrency exchange platforms.
Bitbns is actually a part of Buyhatke Internet Pvt Ltd, its parent organization incorporated in 2015. It went live on December 14, 2017. This Bitbns cryptocurrency exchange is best known for its easy-to-navigate interface, smooth transactions, easy functioning, and phenomenal ease of trading.
This cryptocurrency exchange Bitbns platform was initially created to ensure that all the Isle who wished to extend the world of cryptocurrencies and cryptocurrency exchange would have an easy means of doing so. Therefore, this Bitbns platform comes with highly secured transactions, helpful and supporting technical staff, and an easy-to-use interface.
Bitbns currently deals with over 144 different cryptocurrencies. Some of them are Bitcoins, Filecoin, Cosmos, Ripple, Ethereum, Neo, BNB, Tether, Luna, Chromia, etc. The list is always expanding and diversifying. Bitbns aims to enhance and improve blockchain technology, popularising and increasing the use and trade of cryptocurrencies and helping people in starting their journey in the world of digital currencies.
Get Cashback using Bitbns Referral Code.
CoinDCX is one of the most secure, safest, and fastest-growing exchange platforms in India. It was established in 2018 to provide a simple, safe, offers, and compliant platform to ensure cryptocurrency exchange and trade. This cryptocurrency exchange claims to have over 6 million users and a total cryptocurrency purchase of over ₹75 billion with a total cryptocurrency investment of ₹3 billion.
Neeraj Khandelwal and Sumit Gupta founded this CoinDCX exchange platform; both are alumni of IIT Bombay. Both of them saw the potential in cryptocurrencies when they first came back in 2014 and established CoinDCX to facilitate its growth and trade.
CoinDCX takes pride in its security measures more than anything else. This CoinDCX platform protects its safes and funds by storing over 95% of it in multi-sig cold wallets. All funds, data, personal details, bank account information, etc., are deeply encrypted and completely secure from frauds and cons. BitGo also ensures it.
It deals and trades in multiple cryptocurrencies, including Maker, Bitcoin, Ethereum, Tron, Basic Attention Token, and many more.
It can be quite a chore for a potential trader to choose any cryptocurrency exchange platform, especially deciding on anyone between popular exchange platforms like Bitbns and CoinDCX. Therefore, to make the decision simpler for the readers, here is a detailed differentiation between both of these platforms.
Get Cashback using CoinDCX Referral Code.
What Is A Cryptocurrency Exchange?
A Cryptocurrency Exchange, also called a Digital Currency Exchange, is a platform that is essentially used to ‘exchange’ currencies. As the name suggests, it is a business or service that allows customers to trade, exchange, buy, sell or convert their digital currencies into fiat money or other cryptocurrencies, or vice versa.
These exchanges can be carried out in various ways, including card payments, wire transfers, or other forms of payment. Different exchange platforms offer different services and features to their users. They differ in the amount of their minimum investments, transferring methods, cryptocurrencies supported, investment methods, etc.
After introducing these digital currencies, a number of different cryptocurrency exchange platforms were established and started in India. All of them have the same function – to facilitate and aid in the trade, distribution, and use of cryptocurrencies. New cryptocurrency exchanges are being started day by day.
A cryptocurrency exchange platform is one of the most important and deciding factors of cryptocurrency trade, exchange, buying, selling, investing, etc. It is highly crucial that any potential trader spend a considerable amount of time and effort deciding on an appropriate cryptocurrency exchange platform.
Choosing a suitable, affordable, and secure cryptocurrency exchange can make the difference between profit and loss. It is best that the trader settles on a cryptocurrency exchange platform that best suits their needs, requirements, and monetary situations. A successful trade can only be assured if the cryptocurrency exchange platform is secure, has smooth functioning, and accommodates users’ convenience.
Both Bitbns and CoinDCX are excellent cryptocurrency exchange platforms for any trader and investor. It depends on the individual and their circumstances, making a particular cryptocurrency exchange platform better than the other.