RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

BuyUcoin

BuyUcoin Exchange Review

Centralized

BuyUcoin is the first bitcoin exchange founded in India in June 2016, BuyUcoin was operating from college droms 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.

  • 24h Trading Volume

    123.921 BTC
  • Establish date

    2016
  • Headquater

    India

BuyUcoin Exchange Review

  • BuyUcoin Withdraw

    BTC 0.001
    ETH 0.02
    BCC 0.002
    XRP 2
    Full list

  • BuyUcoin Fees Discount

    None

  • BuyUcoin Deposit fees

    Deposit INR 2%, Crypto no Fees
  • BuyUcoin Trading fees

    Maker 0.42%
    Taker 0.84%

  • Fiat Deposit

    INR
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    No

BuyUcoin Exchange Score Analysis

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.