Introducing Fastest P2P Deposits and withdrawals

“You can always get better. Nobody can stop you from getting better, and nobody can stop you from trying to make something right.” — Roseanne Barr

We are excited to launch Peer to Peer Transaction functionality on Bitbns. It is a feature that helps millions of traders in India to trade digital assets seamlessly.

The fastest possible P2P transaction which will complete the transactions between both the parties within 30 mins.

How does Peer to Peer Transaction work?

Let’s say you want to deposit INR’ to Bitbns wallet and another user wants to withdraw INR’ from the wallet.

Here is how the deposit and withdrawal take place between users on Bitbns.

Diposit

1. Click on ‘Add Money to Wallet’ and enter the amount you want to deposit.
   Our peer-to-peer match engine will find a person who has placed a withdrawal request. Note down the withdrawer’s Email ID.

2. Login to your BidforX account.

3. Go to Vouchers section.

4.Enter the amount you want to deposit, enter the Email ID of the withdrawer, and click on ‘Generate Now’.
Copy the voucher code, go back to the deposit section on your Bitbns account, click on ‘Submit Voucher Code’ and paste the voucher code.

5.Upon submitting, you will get a pending status on your Bitbns account.
Your deposit process completes when the withdrawer confirms that he/she has received the voucher.

Withdrawal .

1. Click on ‘Withdraw Money’ and enter the amount you want to withdraw.
   Enter the OTP in ‘Authenticator OTP’ section and click ‘Next’. (If you haven’t enabled 2FA, click here to do so.)

2.Our peer-to-peer match engine will find a person who has placed a deposit request.
Once the depositor deposits the amount, you will receive a voucher code. Also, you will receive a ‘Secret Key’ on your email.

3 Login to your BidforX account and go to ‘Vouchers’ section.
Click on ‘Redeem Voucher’.

1. Enter the Voucher Code you received on your Bitbns account and the Secret Key you received on your email.

5 Click on ‘Redeem’.

6.Verify the amount you received in BidforX, Raise dispute if amount doesn’t match or incorrect voucher code.

1. Go to ‘Profile’ on BidforX and click on ‘Withdraw’ to receive amount in bank.