What Bitbns does

Bitbns is an India-headquartered cryptocurrency exchange operated by Buyhatke Internet Private Limited, launched on December 14, 2017 by IIT Kharagpur alumni. The platform enables retail users to buy, sell, and trade 526+ digital assets against INR and USDT pairs via web, Android, and iOS applications, and offers advanced order types including limit orders, trailing stop-limit orders, and bracket orders. Its technical architecture includes a formally verified network claimed to provide formal-verification guarantees against security issues, alongside margin trading with up to 4x leverage, futures/derivatives trading, and a Ticker API for programmatic access.

The business model is entirely transactional and fee-based, with revenue derived from spot trading fees (0.03%–0.25% depending on VIP tier and BNS token holdings), futures trading fees (maker 0% introductory, taker 0.1%), a 15% platform take on margin lending interest, and crypto withdrawal fees. The platform extends its product surface through the Bitdroplet SIP, Fixed Deposit product, HODL n Earn, P2P INR/USDT trading, Arbitrage browser extensions, and the BNS utility token — which grants fee discounts of up to 40% and is positioned as multi-protocol payment infrastructure. Customer segments target retail Traders, long-term HODLers/Investors, Beginners (with a ₹100 minimum deposit), and UAE users via P2P USDT-AED rails, with geographic presence in India, UAE, Thailand, and Estonia.

Distribution is product-led and self-serve: mobile-first onboarding in approximately five minutes, a referral program paying 50% of referred trading fees, a bug bounty program, the annual CryptoNight community meetup, and broad social media presence. The company is FIU-India registered, ISO 27001 certified, and FATF-compliant as a Virtual Asset Service Provider. As of the input data, the company remains privately held under Buyhatke Internet Private Limited, with no disclosed external funding rounds, a headcount of 11–50, INR deposits paused for maintenance, and a very low publicly displayed 24-hour trading volume of $28.2K — all of which materially affect the operating outlook.

Name

Bitbns

Legal name

Buyhatke Internet Private Limited

Website

https://bitbns.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Bitbns is an India-headquartered retail cryptocurrency exchange, operated by Buyhatke Internet Private Limited, offering spot, margin, and futures trading across 526+ digital assets to retail users in India, UAE, Thailand, and Estonia, monetized primarily through transaction-based trading fees.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (523210), Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

akta.pro secondary industry

Tokenized Treasury, Money Market & Cash Management Products (FSADAEAB)

Keywords

• Cryptocurrency exchange
• Spot trading platform
• Crypto derivatives trading
• Margin trading service
• Digital asset exchange

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations, Others

Revenue model

1. Trading Fees: Transaction-based fees charged on spot trading. Fees range from 0.03% to 0.25% depending on VIP tier and BNS token holdings. Maker fees can be reduced to 0% with Pay with BNS enabled on futures.
2. Margin Trading Interest: Platform charges 15% fee on margin lending interest earned by lenders. Discounts available for BNS token holders (10-33% discount).
3. Futures Trading Fees: Fees applicable for both makers and takers on derivatives trading. Maker: 0% (introductory), Taker: 0.1%.
4. Crypto Deposits and Withdrawals: Fees associated with cryptocurrency withdrawal operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Bitbns is an India-based cryptocurrency exchange platform that enables retail users to buy, sell, and trade 526+ digital assets against INR and USDT trading pairs via spot trading, derivatives/futures, and 4x margin trading. The platform additionally offers passive-income products (HODL n Earn, Fixed Deposits, margin lending), a Systematic Investment Plan (Bitdroplet), P2P INR/USDT transfers, advanced order types (bracket orders, trailing stop-limit), and the BNS utility token for fee discounts.

Product overview

Bitbns is an Indian cryptocurrency exchange platform offering a comprehensive suite of trading products. The core platform provides Spot Trading with 526+ digital assets and Bitbns Derivatives for futures trading. The product ecosystem includes margin trading with 4x leverage, Fixed Deposits for earning returns, and Bitdroplet for systematic investment plans. Additional services feature the native BNS Token for fee discounts and utility, Ascent and BNS Academy for education, advanced order types like Bracket Orders and Trailing Stop-limit, an Arbitrage Extension for browser-based trading, P2P trading for INR/USDT transactions, API Trading for developers, and mobile applications for iOS and Android. The platform targets Indian and UAE markets with INR and USDT trading pairs, requiring KYC verification for account activation.

Differentiator

Problem solved

Functional benefit

Brands

• Bitdroplet: Systematic Investment Plan (SIP) platform allowing users to invest in cryptocurrencies with features like 0 TDS on SIP investments.
• Ascent
• BNS Academy
• Fixed Deposits
• BNS Token

Products and services

• Spot Trading Platform Core cryptocurrency exchange enabling users to buy and sell 526+ digital assets including Bitcoin, Ethereum, Ripple, Litecoin, and various altcoins against INR and USDT trading pairs using limit orders. Targets retail crypto investors and traders in India.
• Margin Trading Leveraged trading product allowing users to borrow up to 3x their net worth and trade with 4x leverage, plus a lending side that lets HODLers earn interest with a 15% platform fee on lending interest. Targets active traders and lenders on the Bitbns platform.
• Fixed Deposits Fixed-income investment product letting users lock up cryptocurrency holdings for a defined term to earn predictable interest returns. Targets HODLers on Bitbns seeking yield on idle crypto balances.
• Bitdroplet (Crypto SIP) Wholly-owned subsidiary product offering Systematic Investment Plan (SIP) style recurring crypto purchases to enable dollar-cost averaging. A Bitdroplet widget was later introduced for embedded recurring buys. Targets long-term Indian retail crypto investors wanting disciplined entry into digital assets.
• BNS Token Multi-protocol utility token used within Bitbns for fee discounts (Pay with BNS), bill payments, shopping, banking, and international remittances, with discounts of 10–33.33% on margin lending fees based on token holdings.
• Bitbns Derivatives (Futures) Derivatives trading product offering futures contracts on cryptocurrencies such as XRP, DOGE, 1000SHIB, SOL, ADA, and MATIC, with a 0% introductory maker fee and 0.1% taker fee on BTC- and USDT-margined futures. Targets active derivatives traders on Bitbns.
• BNS Academy Educational platform providing structured cryptocurrency courses and certifications for new and intermediate users, supporting Bitbns onboarding and crypto literacy.
• Ascent (Beginners' Guide) Beginner-focused educational platform offering introductory content on cryptocurrency trading and investing to help new users onboard into Bitbns and broader crypto markets.

Quantifiable outcome

• 4x leverage available for margin trading
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core and minor.

• OKEXcoreTechnology or Integration · 1 August 2019OKEX and Bitbns partnership announced in August 2019, enabling broader market access and liquidity for users of both platforms.
• CryptowireminorGTM or Marketing PartnerBitbns-Cryptowire partnership allows users to predict and win up to Rs 1 lakh daily through the prediction game.
• Buyhatke Internet Private LimitedcoreOthersParent company and legal entity behind Bitbns cryptocurrency exchange. FIU-India registered.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• WazirX: Largest Indian-headquartered crypto exchange by historical volume, offering spot, P2P INR/USDT, and token launches — same retail-crypto-onramp business model and customer base as Bitbns in India.
• CoinDCX: India-based crypto exchange with spot, margin, futures, lending, and staking; competes head-to-head with Bitbns for Indian retail traders and is the most well-capitalized domestic rival.
• CoinSwitch: India-based crypto investing platform aggregating multiple exchanges, with spot trading, SIP-style products, and INR onramp — overlapping with Bitbns' spot, Bitdroplet SIP, and INR P2P product set.
• ZebPay: One of India's oldest crypto exchanges, offering spot trading, P2P, and systematic buying plans — directly comparable retail-exchange offering targeting the same Indian market as Bitbns.
• Mudrex: India-based crypto investment platform with spot trading, automated SIPs, and algo strategies — overlaps with Bitbns' Bitdroplet and trader-automation features and targets the same Indian retail cohort.
• Giottus: Indian crypto exchange offering spot, margin, and P2P INR trading; smaller scale but directly comparable retail-crypto-exchange business in the same regulatory jurisdiction.

Broad incumbents

• KuCoin: Global crypto exchange with long-tail token listings (similar to Bitbns' 526+ assets), spot, margin, and futures — broad incumbent with a similar altcoin-heavy catalog.
• Binance: Global crypto exchange operating the deepest spot and derivatives liquidity worldwide; a broad incumbent that competes for the same retail and HNW crypto-trading demand as Bitbns.
• Bybit: Global derivatives-led crypto exchange that also offers spot and copy trading; competes for the same active-trader and margin-using retail demand that Bitbns targets with its 4x leverage and futures products.
• OKX: Global crypto exchange with spot, margin, futures, and token-launch products; an existing Bitbns partner (announced Aug 2019) and a much larger incumbent in the same product category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/bitbns
• YouTubeyoutube.com/c/Bitbns?sub_confirmation=1
• Facebookfacebook.com/bitbns
• Instagraminstagram.com/bitbns
• LinkedInlinkedin.com/company/bitbnsinc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bitbns