Bitbns Vs Wazirx: Which One Is Better?

Traders always compare various cryptocurrency exchanges to find the best. For trading in the market, a trader always wants to have the best. Therefore, they look into trading facilities, fees, withdrawals, strategies, and many other factors.

In the article today, we have a comparison of two popular crypto exchanges. Bitbns vs. WazirX gives a brief analysis of their trading services and what makes them different from each other.

So, let's begin with Bitbns vs. WazirX.

What is Bitbns?

Bitbns is a cryptocurrency exchange operating under Buyhatke Internet Pvt. Ltd. The company was incorporated in 2015 and offers more than 400 cryptocurrencies to trade.

Platform users can easily buy and sell cryptos at the best prices. Also, the ease of trading on the platform is like no other cryptocurrency exchange.

The exchange was established in 2017 and had headquarters in India. The popular crypto exchange has the best trading experience for Indian crypto traders. Users can sign up quickly with their phone numbers.

In addition, tokenized assets can also be traded on the platform.

What is WazirX?

WazirX is India's largest cryptocurrency exchange available online. The exchange was founded in 2018 and has been growing well. Many Indian traders trust the exchange to make successful investments.

The exchange is part of Binance Group. Its headquarters is in Mumbai and uses a peer-to-peer network for traders to buy and sell USDT for fiat trading. A 24/7 safe and legal crypto exchange in India.

It has the best trading services online and supports thousands of Indian traders.

Bitbns vs. WazirX

Bitbns and WazirX are Indian cryptocurrency exchanges. They have been offering their services for quite some years now. Thus, having a solid hold of the market. However, they share some differences that make traders choose the best among them.

To understand their differences and select the suitable of the two below, we have a comparison table:

Bitbns has a trading volume of 421,764.0. The cryptocurrency exchange has 81 trading pairs to trade; however, it does not provide fiat currency trading.

Traders can enjoy margin trading on the platform to trade and make good investments.

On the other hand, WazirX has a trading volume of 430,019.0. The exchange offers 130 trading pairs with the option of fiat trading. However, traders do not have margin trading on the platform.

The two exchanges have some similarities but more differences. Traders can examine them with the table given above.

Security of Exchanges

Bitbns has the most advanced security and technology for the safety of clients. The grade-A security feature keeps users' data, funds, and crypto-wallets safe. Besides, it has two-factor authentication to safeguard the user's account.

In addition, trading on the platform is effortless, and the exchange is not accessible to unauthorised users.

In contrast, WazirX has two-factor authentication with an extra layer of security. In addition, the exchange has a multi-signature wallet system with KYC/AML guidelines. Also, the funds at WazirX are stored 95% in cold storage.

Both of the exchanges are regulated by the Securities Exchange Board of India.

If the security of the platforms is considered, then Bitbns is more secure than WazirX.

A lso Read: Delta Exchange Review 2022

Customer Service

Customer services are the facility that exchanges offer to support their clients. It has a professional team that looks into matters. Many exchanges offer the services 24 hours a week; however, it may not be true for some.

At Bitbns, traders can enjoy excellent customer service. It is easy to access and quick to reply to traders' queries. In addition, they have Twitter accounts or email facilities for traders to access the platform.

They can put their query and get a prompt answer.

WazirX has its customer care number: 18003094449. Traders can connect with the team easily using the number. Also, there is a live chat option and email address to raise queries.

In addition, the FAQs have answers to many of the questions on the website. The tutorials are available on Youtube channels to understand the crypto platform. Overall good customer support.

Conclusion

Bitbns and WazirX are two significant Indian cryptocurrency exchanges. Traders can compare them easily with the information discussed in the article. It gives traders an idea of their service and what is available and what is not with an exchange.

Bitbns has good customer service, various products, and high security. But with WazirX, the security and customer support are also okay. However, it has a good number of coins to trade.

Traders can analyse them and choose the suitable one.