An India-based exchange with INR trading pairs. However, blocked withdrawals have been reported alongside very low reliability, critical issues that make it advisable to avoid.
Data & conditions
| Maker / Taker fee | 0.25% / 0.25% |
|---|---|
| Markets | Spot |
| Supported assets | 420+ |
| Trading pairs | 113+ |
| 24h volume | $1.64M |
| Fiat on-ramp | Yes |
| Deposit methods | UPI (INR), IMPS (INR), NEFT (INR), RTGS (INR), P2P (INR), Deposito crypto |
| Geo restrictions | Servizio rivolto esclusivamente a residenti in India; KYC con documenti indiani e conto bancario indiano richiesti |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | APAC · 1+ countries |
| Regulator | RBI / SEBI |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | FIU India FIU-India (limitato) |
Strengths
- India-based; INR pairs.
- No notable sovereignty advantage documented.
Weaknesses
- ⚠️ Ritiri locked reported; reliability very low; avoid.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (FIU-India (limitato)): reporting to authorities and freezes on order.
- Geographic restrictions (Servizio rivolto esclusivamente a residenti in India; KYC con documenti indiani e conto bancario indiano richiesti).
Verdict
The low score is warranted: with reported blocked withdrawals and very low reliability, BitBNS is a platform to avoid for any user seeking protection. The 0.25% fee isn't the issue; the problem is that the FIU-India registration is limited and operations are confined to the Indian INR market alone, with no access from Italy.
On the sovereignty lens BitBNS offers nothing of value either: it is custodial with full KYC, so no self-custody and no real privacy. The reported blocked withdrawals make it worse precisely where it matters most to a crypto-native — the ability to withdraw your own funds whenever you choose.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used BitBNS, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
App Store ↗
2.9/5
971 reviews
'BNS-Crypto Trading Exchange' app (id 1346160076), India store, publisher Buyhatke Internet Private Limited. Exact iTunes API rating: 2.89.
-
Trustpilot ↗
1.3/5
152 reviews
Count read from the uk.trustpilot.com subdomain (.com redirects). TrustScore 1.3 across 152 reviews. Trustpilot counts drift over time.
Weighted average across 2 public review platforms (1,123 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
What are BitBNS's fees?
On BitBNS, spot fees are maker 0.25% / taker 0.25%. They drop with monthly volume and VIP tier.
Is BitBNS regulated in Europe?
Regulatory status of BitBNS: FIU-India (limitato). Licence: FIU India (IN).
Does BitBNS publish Proof of Reserves?
Proof of Reserves publication is not documented for BitBNS. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.
Can I send transfers to third-party IBANs from BitBNS?
No, BitBNS is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.
Does BitBNS support derivatives and futures?
BitBNS does not offer derivatives: it focuses on spot trading.
Sources
- Official service page Maker/taker fees · Regulatory framework · Derivatives · Corporate site · +1 Data verified on Jun 15, 2026
- bitbns.freshdesk.com Deposit methods · Geo restrictions Data verified on Jun 15, 2026
- crunchbase.com Stock ticker · Stock listing · IPO date Data verified on Jun 15, 2026
- tracxn.com Latest funding round Data verified on Jun 15, 2026
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- worldcoinindex.com Trading pairs · 24h volume · Volume data Data verified on Jun 13, 2026