dustbin vs wastebin

dustbin and wastebin both are nouns.

Word	Noun	Adjective	Verb	Adverb
dustbin	Yes	No	No	No
wastebin	Yes	No	No	No

As nouns, dustbin and wastebin are synonyms defined as:

Other synonyms of dustbin include ash-bin, ash bin, ashbin, ashcan, garbage can, trash barrel, trash bin, trash can.

dustbin (noun)	wastebin (noun)
a bin that holds rubbish until it is collected	a bin that holds rubbish until it is collected