Users flag delays in INR withdrawls on Bitbns issues on social media

After several users complained of delays in INR withdrawals from crypto Bitbns, the cryptocurrency exchange on July 14 said in a notification on its website that the payment delays were due to issues from "relevant authorities".

"INR withdrawals are delayed due to some issues from relevant authorities. We are working closely with them to fix it at the earliest. Requesting patience from the community during this hard time," the company said on its website.

Gaurav Dahake, CEO & Founder, Bitbns said, "INR withdrawals on Bitbns platform are being delayed owing to temporary issues at the end of concerned authorities. Our team is working closely with them to address this at the earliest."

"Bitbns is one of the most resilient and the only exchange in India facilitating seamless deposits and withdrawals on the highest number of listed cryptocurrencies. The withdrawals are getting processed sequentially, as we are working to increase the clearing speed too," he added.

This comes days after several users flagged issues with withdrawals on social media. Over the last few months, top cryto exchanges in India have lost nearly 75 percent of their crypto trading volumes.