RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

BuyUcoin

BuyUcoin Exchange Review

Centralized

BuyUcoin Overview

  • BuyUcoin is the first bitcoin exchange founded in India in June 2016, BuyUcoin was operating from college dorms until 2017 while it acquired over 15K users.

    Around mid of 2017, BuyUcoin was recognized by major media outlets in India like NDTV and CNBC Awaz, by September 2017, BuyUcoin added Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and Dash. During October BuyUcoin added several more currencies to it's trading markets like Z-cash, NEO, ETC, NE, OmsieGo and List.

    During May 2018 BuyUcoin launched it's Mobile application and merchants API for automatic trading features.

    BuyUcoin Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      NaN BTC

      • BuyUcoin Total Trading Pairs

        N/A

        • BuyUcoin Margin Trading

          No

          • BuyUcoin Deposit fees

            Deposit INR 2%, Crypto no Fees

            • BuyUcoin Trading fees

              Maker 0.42% Taker 0.84%

              • BuyUcoin Fiat Deposit

                Yes

                • Accepted Payment Method

                  N/A

                  • BuyUcoin Native token

                    Yes

                    • Native token smart contract

                      N/A

                      • BuyUcoin Trading Markets
                        • BuyUcoin Stablecoins trading

                          N/A

                          BuyUcoin Withdrawals

                          • Daily Withdrawal Limit

                            /

                            • BuyUcoin Withdraw fees

                              BTC 0.001 ETH 0.02 BCC 0.002 XRP 2 Full list

                              • BuyUcoin Withdraw fees discount

                                None

                                • Proof of Reserves

                                  N/A

                                  BuyUcoin Exchange Rating Analysis

                                  Last edit 28.11.2019

                                  • BuyUcoin was founded in 2016 in India. It promotes itself as 'India's first Bitcoin Exchange with Credit Card Payment facility', indeed they do accept cards in INR currency as a fiat option. In 2017 the exchange added to its offering Ethereum, Ripple, Litecoin and Dash, the same year different coins got listed. Now there are 33 coins including their own BUC token.

                                    After a short chat with an advisor via WhatsApp, it must be admitted that BuyUcoin is still under development. The company is working to add an insurance for users' crypto. Unfortunately there is a huge disadvantage, commissions are quite high and volumes very low. The team is easy to find on the website and as well many more employees are available on Linkedin, including founder and CEO Shivam Thakral. Although there is no one responsible for Risk, BuyUcoin has some strong security layers upon withdrawals including using 'cold wallets', they store 95% of customer funds offline. It also requires you to verify an email, phone number and complete some KYC information before making a transfer.

                                    BuyUcoin Exchange Additional Information

                                      • BuyUcoin Headquater

                                        India

                                        • BuyUcoin Establish date

                                          2016