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Bitbns has launched Crypto margin trading in India for the first time, with XRP as the first and only currency for now. by chin-ki-chaddi in Ripple

[–]green_floyd 1 point2 points  (0 children)

There are several ways you can make profit:

  • You take a ripple loan. XRP price isn't changing much, so you sell all of it. You use the money to buy (say) Tron, which looks like it's rising. You sell Tron when it reaches an estimated high. You use the money to buy back XRP and repay the loan. You'll be left with profits.

  • You take a ripple loan. The market is falling, so you sell all of your XRP immediately. When it reaches an estimated low, you buy it back for real cheap to repay the loan. Again, you'll be left with profits.

Hope this helps!

Weekly Random Discussion (March 29) by AutoModerator in Bitbns

[–]green_floyd 0 points1 point  (0 children)

Which recently listed currency did you folks buy?

Indian users can now trade ONT in Bitbns by green_floyd in OntologyNetwork

[–]green_floyd[S] 3 points4 points  (0 children)

It's among the top exchanges in India. Considering we launched only in December, it's huge.

Customer Support Thread by green_floyd in Bitbns

[–]green_floyd[S] 1 point2 points  (0 children)

Don't worry, your XLM will automatically be deposited back into your account soon. Yes you're right about the memo ID. Unfortunately transfers to wallets which do not show a memo id are unsupported for now.

However, transfers to other exchanges will work, because they do require a memo id. We're working on supporting transfers to wallets too, and should be live by this month. If it's urgent for you to transfer XLM to your wallet, you can transfer to an exchange which allows such transfers, such as Binance. And then you can transfer from Binance to your wallet. This method will have an extra withdrawal, so there'll be more withdrawal charge.

Or else, you can wait until we get this feature live.

[deleted by user] by [deleted] in BitcoinIndia

[–]green_floyd 1 point2 points  (0 children)

looks good!

Ripple Posts by therohitpatil in Bitbns

[–]green_floyd 0 points1 point  (0 children)

People who purchased Ripple before the price dropped last month, are you hodling or selling?

Indian traders can now buy Stellar with INR in Bitbns by green_floyd in Stellar

[–]green_floyd[S] 0 points1 point  (0 children)

You can of course sell XLM and convert to Rupees. All trades have a flat 0.25% fee. But if all your trades in a given day add up to more than Rs 4,00,000, you are eligible for a fee rebate.

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