BuyUcoin Exchange ReviewCentralized
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.
BuyUcoin Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
BuyUcoin Total Trading Pairs
BuyUcoin Margin Trading
BuyUcoin Deposit fees
Deposit INR 2%, Crypto no Fees
BuyUcoin Fiat Deposit
Accepted Payment Method
BuyUcoin Native token
Native token smart contract
BuyUcoin Trading Markets
BuyUcoin Stablecoins trading
Daily Withdrawal Limit
BuyUcoin Withdraw fees
BuyUcoin Withdraw fees discount
Proof of Reserves
BuyUcoin Exchange Rating Analysis
Last edit 17.07.2019
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 Establish date