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BuyBitcoin Review

7

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Followers 1

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Terrible

Revainrating 1.5 out of 5  
Rating 
1.4
Crypto Exchanges

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Description of BuyBitcoin

BuyBitcoin.org.in is an Indian cryptocurrency exchange, which accepts local bank transfers. They may not be ideal for foreigners (for multiple reasons, which we?ll discuss below), but the most unique feature of this exchange may actually be a problem even for Indian residents.

Reviews

Global ratings 7
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Type of review

Over the course of exploring the Revain site, I came across an exchange platform that caught my interest. This is not because of how interesting their services are or how ecstatic I found it to be. It's because I thought of how such an exchange platform would be expecting to go international (I'm saying this honestly and sincerely apologize to people it might hurt). The exchange platform I've been trying to describe is the BuyBitcoin exchange platform. It happens to be an Indian exchange…

Pros
  • The fact that the exchange platform still exists was what made me give them an additional star
Cons
  • The exchange platform really need to work on increasing the number of assets they accept
  • The exchange platform has a user interface I don't really fancy

Revainrating 1 out of 5

I Wouldn't Advice Any Trader To Use This Exchange Platform

There seem to be some exchange platforms that mere hearing the name, you would loose interest. An example is the exchange platform I would be reviewing today. I believe something about business: before you start one up, you should have a motive for starting up and when you do have that motive, giving it a name shouldn't and wouldn't be a problem to you. You only find businesses with awkward names when the founders don't have a genuine motive. The exchange platform I would be talking about…

Pros
  • There's none
Cons
  • The exchange platform has the number of cryptocurrencies it accepts limited to Bitcoins only
  • It has the number of Fiats limited to the Indian Rupiah
  • The platform looks quite suspicious to me

Revainrating 2 out of 5

This exchange doesn't seem safe to me

Buybitcoin Exchange is one exchange which I still haven't understood up till now. From research, all i knew was that it was this Exchange deals majorly with Bitcoin(from its name). It is an Indian essential with no known date of launch nor a known founder. As an Indian exchange, the only form of fiat payment or deposit is via Indian Rupees, this is to show you that thus exchange is solely meant for Indians and won't be convenient for foreign traders. Alot of other traders complained about the…

Pros
  • There's no positive aspect of this exchange as for me
Cons
  • Only Indiana are most eligible to use this exchange
  • The only form of fiat deposit is INR

It is an incorporated digital currency trade set up in India. Does the trade just help purchasing Bitcoin and doesn't uphold some other digital forms of money. You can just purchase, however there is no type of store with this trade. This trade isn't prescribed to be utilized as it just purchases and sells a solitary digital currency which I don't think would be useful for everybody to utilize. I tapped on the trade's URL and was by one way or another diverted to the LocalBitcoins trade, so…

Pros
  • Permits you to save it to your wallet.
Cons
  • the worker may crash one day
  • Doesn't uphold different merchants all throughout the planet
  • no known exchanging volume
  • Awful client experience

Revainrating 1 out of 5

It's risky to trade here (DYOR)

buybitcoin is centralised cryptocurrency exchange that was established in India. Is exchange only support the buying of Bitcoin and it doesn't support any other cryptocurrency. You can only buy but there is no form of deposit concerning this exchange. This exchange cannot be recommended to use as because it's only trading one cryptocurrency which I don't think he'll be good for everybody to use. We actually need a platform where we can trade many cryptocurrency as well as digital assets The…

Pros
  • It allows users to buy Bitcoin and save it in the wallet.
Cons
  • It's not very supportive the server might be down someday
  • Poor user's
  • The community lacks usage by people.
  • The reviews coming in about this exchange makes it looks like a fake project

Revainrating 1 out of 5

I never enjoyed trading here😥

Here is another centralized trading exchange that was launched in Indian.Buybitcoin as the name implies, has indirectly made it known To us that it trades only btc, and also no form of deposits is accepted in this platform except for the Indian rupee. This exchange is not easy to navigate through, due to the fact that when I click on the link provided by revain, instead of taking me straight to the website I was taken to another localbitcoins platform, so I wasn't able to make use this…

Pros
  • I didn't enjoy trading here, so I have nothing God to say about this exchange
Cons
  • Only rupee is accepted for deposits
  • Doesn't favor other traders around the globe
  • Poor user experience

Revainrating 2 out of 5

Buybitcoin Exchange

Buybitcoin Exchange is an Indian centralised trading platform. From the name of the exchange you'll know that the exchange only specializes in trading of bitcoin and accepts only Indian Rupee as the only form of deposit. I don't really understand the activities of this exchange. I clicked on the URL of the exchange and I was somehow redirected to LocalBitcoins exchange so essentially, i wasn't able to access the Buybitcoin exchange. The Exchange yas a trading fee of 1% for makers and takers…

Pros
  • There is nothing positive in this exchange
Cons
  • The exchange doesnt seem trustworthy
  • The exchange doesn't have a known trading volume