Confused about choosing the right platform? Searching for any Bitbns Vs WazirX comparisons? Well, here is a detailed comparison of Bitbns Vs WazirX, which you are looking for.
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 their minimum investments, transferring methods, cryptocurrencies supported, investment methods, etc.
After the introduction of 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.
Bitbns Vs WazirX
Bitbns and WazirX are India’s best, most used, and most popular cryptocurrency exchange platforms. Here is a brief overview of both of these platforms.
Bitbns is actually a part of Buyhatke Internet Pvt Ltd, its parent organization, and was incorporated in 2015. It went live on December 14, 2017. This cryptocurrency exchange is best known for its easy-to-navigate interface, smooth transactions, easy functioning, and phenomenal ease of trading.
This cryptocurrency exchange 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 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. It aims to enhance and improve blockchain technology, popularising and increasing the use and trade of cryptocurrencies and helping people start their journey in the world of digital currencies.
Read the full Wazirx Review from SmartFinder.
WazirX is one of India’s biggest, fastest, most secure, and most used Bitcoin and cryptocurrency exchange platforms. This cryptocurrency exchange was founded in 2018 by Nischal Shetty, the current CEO of WazirX, along with Sameer Mhatre and Siddharth Menon. It is a highly recommended exchange platform.
It was the first cryptocurrency exchange to introduce p to p bank transfer of funds in India. It is currently situated in Mumbai, India. Its original token is called WRX, which forms the backbone of the WazirX ecosystem. This exchange platform has a total supply of 1 billion. The WRX token is based on the Binance blockchain technology.
Currently, the WazirX exchange platform supports and deals with over a hundred cryptocurrencies, including Bitcoin, WRX, Ethereum, Dogecoin, etc.
As it is visible that both of these platforms are excellent, useful, and helpful in their ways, it may be difficult for new traders to decide which cryptocurrency exchange platform to use when getting into trading. In order to simplify the decision of the reader and to clarify their doubts, here is a comprehensive differentiation between Bitbns and WazirX.
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.
Bitbns and WazirX are great choices for trading cryptocurrencies in India. Both cater to the general needs of the traders and are quite successful ventures. Both of these platforms have never once been compromised in their security and funds.