Pros
Cons
Quick Summary
| Headquarters Location | Delhi, India |
|---|---|
| Fiat Currencies Supported | INR |
| Total Supported Cryptocurrencies | 174+ |
| Trading Fees | 0.24% |
| Deposit Methods | Bank Transfer, Debit Card, Credit Card, Cryptocurrency, UPI |
| Support | Facebook, Twitter, Instagram, Help Center Articles, Support Ticket |
| Mobile App | Yes - iOS, Android |
Welcome to our comprehensive review of BuyUcoin, a prominent player in the digital assets exchange market. Established with the vision to streamline the cryptocurrency trading experience, BuyUcoin has been serving its users with a focus on accessibility and innovation.
Join us as we delve into what makes BuyUcoin an exchange of choice for many in the crypto industry.
BuyUcoin, a distinguished name within the realm of digital asset exchanges, continues to extend its influence in the evolving cryptocurrency market. As a platform that has been part of the industry’s formative years and witnessed its rapid expansion, BuyUcoin offers a historical perspective on the growth and challenges of cryptocurrency trading.
It remains a testament to the dynamic nature of digital finance, consistently adapting its services to meet the demands of an increasingly sophisticated and diverse user base.
About BuyUcoin
BuyUcoin was founded by Shivam Thakral, and since its inception, it has positioned itself as India’s First Multi-Cryptocurrency Exchange. This Delhi-based startup has grown significantly, forging a reputation for facilitating straightforward transactions in digital assets such as Bitcoin, Ethereum, and Ripple.
Over the years, BuyUcoin has adapted to the evolving demands of the industry, maintaining a customer-centric approach while expanding its offerings.
Since the platform’s inception, Shivam Thakral has steered BuyUcoin through the undulating landscape of digital currencies. As India’s second-oldest digital asset exchange, it has seen the industry’s highs and lows, from the Bitcoin boom to regulatory ebbs and flows.
BuyUcoin has not only kept pace with its global counterparts but has also contributed to industry through print articles and community engagement, fostering a deeper understanding of cryptocurrency’s role in the digital economy.
BuyUcoin has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram and YouTube.
BuyUcoin has a mobile app on both the Apple App Store and Google Play.
BuyUcoin Supported Cryptocurrencies
BuyUcoin supports trading on over 174 cryptocurrencies on their platform. This exchange currently supports 24 of the top 30 market cap cryptocurrencies.
View all cryptocurrencies BuyUcoin supports
- 1INCH
- AAVE
- ADA
- AGIX
- ALGO
- ANKR
- AOG
- APE
- API3
- APT
- ARB
- ATOM
- AUDIO
- AVAX
- AXS
- BABYDOGE
- BAL
- BAND
- BAT
- BCD
- BCH
- BDCC
- BDLT
- BDX
- BNB
- BNTX
- BPC
- BSV
- BTC
- BTRN
- BTS
- BTTC
- BUC
- CAKE
- CELO
- CELR
- CFG
- CHZ
- CL
- COMP
- COTI
- CSPR
- CVC
- DASH
- DGB
- DIVI
- DODO
- DOGE
- DOT
- DYDX
- EGLD
- ENJ
- ENS
- EOS
- ETC
- ETH
- ETL
- EWT
- FESS
- FET
- FIL
- FKD
- FLOKI
- FLOW
- FORTH
- FTM
- GALA
- GARI
- GLM
- GLMR
- GRT
- HBAR
- HNT
- HPE
- ICP
- ICX
- IMX
- INH
- INJ
- IOTX
- KAS
- KAVA
- KDA
- KLAY
- KNC
- KOEL
- KSM
- LDO
- LINK
- LPNT
- LRC
- LSK
- LTC
- LUNC
- M3C
- MAHA
- MANA
- MATIC
- MEME
- MINA
- MIOTA
- MKR
- MNT
- MNTG
- MOVR
- MTG
- NEAR
- NEO
- OCEAN
- OM
- OMG
- ONE
- OP
- PAXG
- PEPE
- PERP
- POLYX
- PTX
- PUNDIX
- QNT
- QTUM
- REN
- REP
- RIK
- RLC
- RNDR
- RUNE
- RVN
- SAND
- SC
- SEI
- SHIB
- SIN
- SNX
- SOL
- SRM
- STEEM
- STORJ
- STRAX
- STRK
- SUI
- SUSHI
- SXP
- TCC
- TCX
- THETA
- TIA
- TOMO
- TON
- TOXX
- TRX
- TWIF
- TWT
- UMA
- UNI
- USDT
- VBIT
- VET
- VRA
- VYNC
- WAVES
- WIN
- WLD
- XDC
- XEM
- XFA
- XLM
- XMR
- XRP
- XTZ
- YFI
- ZEC
- ZIL
- ZRX
Trading Experience
BuyUcoin strives to provide a user-friendly crypto trading experience. From an intuitive interface to a suite of trading features, the platform ensures that both novice and experienced traders find value in its offerings.
The exchange’s mobile app, BuyUcoin Cryptocurrency Trading App, adds another layer of convenience, allowing users to engage in digital asset trading on-the-go.
Trading on BuyUcoin is designed to cater to a wide spectrum of users, from those taking their first steps in cryptocurrency to seasoned investors. With a focus on providing a clutter-free experience, the company offers tools and resources that ramp up the crypto trading experience.
The comprehensive depth reports and real-time updates are tailored to empower users with the insights needed for informed trading decisions.
BuyUcoin Fees
When engaging with BuyUcoin, users can expect a fee structure designed to be competitive within the industry. The platform employs a fee model that aligns with the depth and frequency of trades, keeping in mind the varying needs of its diverse user base.
While specific numbers are not disclosed here, it’s pertinent to note that the fee mechanism is crafted to balance affordability with sustaining the exchange’s quality of service.
Fee structures are a pivotal consideration for users of digital asset platforms. At BuyUcoin, the fee framework is conceptualised to align with the industry average BTC-withdrawal fee, ensuring that users are not caught unaware by exorbitant costs.
The platform takes pride in offering a fee model that encourages active users to engage in larger trades without the deterrent of high transaction fees, achieving a balance that resonates with the industry median.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer) | 0% |
| Deposit Fee (Credit/Debit Card) | 0% |
| Trading Fee | 0.24% |
| Withdrawal Fee (Bank Transfer) | 10 INR |
BuyUcoin supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.00026 BTC. The average across all other exchanges that we've reviewed is 0.000461 BTC. This means BuyUcoin charges below the industry average by 43.57%.
Security - Is BuyUcoin Safe?
Security and regulatory compliance are at the forefront of BuyUcoin’s operations. The exchange maintains strict adherence to anti-money laundering (AML) guidelines and has established protocols for ongoing monitoring and reporting of suspicious transactions to regulatory bodies such as the Financial Intelligence Unit (FIU-IND) of India.
This commitment to maintaining ethical standards ensures that BuyUcoin operates within the legal frameworks, safeguarding users’ investments against risks associated with money laundering and terrorism financing.
Security is paramount in BuyUcoin’s value proposition. The robust reporting mechanisms and strict adherence to anti-money laundering policies place it alongside the most secure industry peers.
The platform’s ongoing monitoring of customer transactions and rigorous customer identification process underline its commitment to combat risks of money laundering and terrorism financing. As an India (FIU-IND) registered reporting entity, BuyUcoin upholds the standards expected of leading digital asset industry players.
BuyUcoin Customer Support
Customer support is an integral aspect of BuyUcoin’s service offering. The exchange has put in place a responsive support team ready to assist users with any queries or issues they might encounter.
This commitment to customer care is reflected in the provision of comprehensive resources such as the BuyUcoin FAQ section, ensuring users have access to the information they need.
Understanding the importance of efficient and effective customer service, BuyUcoin places significant emphasis on user support. Its responsive customer care team is instrumental in handling financial transactions and addressing concerns related to the digital currency companies’ services it provides.
This is complemented by a detailed BuyUcoin FAQ section, which serves as a first port of call for users seeking guidance on a wide range of topics.
BuyUcoin Support Channels
How to Sign Up on BuyUcoin
- Create Account - Visit the BuyUcoin website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
BuyUcoin Alternatives
Binance
Total Supported Cryptocurrencies
386+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
244+
Trading Fees
0.08% - 0.40%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
320+
Trading Fees
0.08% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
Reflecting on BuyUcoin, it stands as a testament to a company that has continually adapted to meet the needs of the crypto asset industry. It has demonstrated a steadfast commitment to offering a robust platform for digital asset transactions, catering to both seasoned traders and newcomers in the crypto space.
BuyUcoin FAQs
When considering the safety of BuyUcoin, it is important to look at the security measures they have in place. BuyUcoin is a cryptocurrency exchange platform, and like any digital platform dealing with financial transactions, it should provide robust security features to protect user funds and data.
Users typically consider factors such as two-factor authentication, wallet security, and the platform’s historical performance regarding breaches or hacks. It’s advisable to review user feedback, the platform’s terms of service, and any available security documentation.
BuyUcoin is a real cryptocurrency exchange that has been operational since 2016. It is an Indian company that provides a platform for buying, selling, and trading various cryptocurrencies.
Yes, BuyUcoin is an Indian company. It was established in 2016 and operates as a crypto exchange platform within the Indian market.
The withdrawal time on BuyUcoin can vary depending on the type of withdrawal and current network conditions. For cryptocurrency withdrawals, the time can depend on the blockchain network’s congestion.
Fiat currency withdrawals may take a different amount of time based on bank processing speeds and the verification status of the user. It is recommended to check BuyUcoin’s support or FAQ sections for the most up-to-date information on withdrawal times.
The minimum deposit requirement on BuyUcoin can be subject to change and may differ for fiat currency versus cryptocurrencies. Users should consult the BuyUcoin platform or reach out to their customer support for the current minimum deposit amounts.
BuyUcoin lists a variety of cryptocurrencies on its platform. The exact list of available cryptocurrencies can change over time as new ones are added and others may be delisted.
To see the current list, users should visit the BuyUcoin exchange website or app.
Yes, you can withdraw crypto from BuyUcoin to your personal wallet or to another exchange. The process typically involves generating a withdrawal request from within the platform and specifying the recipient wallet address.
BuyUcoin operates legally in India, complying with the regulatory framework established by Indian authorities. However, the legal environment for cryptocurrencies in India has seen changes and proposed regulations that may affect exchanges.
Users should stay informed about the latest regulatory news affecting cryptocurrency operations in India.
BuyUcoin User Reviews
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Methodology
At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.
About The Authors
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