BuyUcoin: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- iBlock Technologies Private Limited (CIN U74999UP2017PTC095056), registered office in Noida, India.
- Fees
- Spot maker: 0.24% per trade, including GST.
- Risks and caveats
- BuyUcoin is custodial: funds sit in the fiat and crypto wallets it provides.
- Checked
- 1 November 2026
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Key facts
- Type
- Centralized exchange
- Exchange launched
- 2016
- Country of registration
- India
- Operator
- iBlock Technologies Private Limited
- Official site
- buyucoin.com
Key facts checked on 1 November 2026 against official sources.
What is BuyUcoin
BuyUcoin is an Indian crypto exchange and wallet operated by iBlock Technologies Private Limited, based in Delhi-NCR. It offers INR and USDT trading pairs, instant buy/sell (EZ Trade), spot trading with limit orders and recurring purchase plans.
Good to know
- BuyUcoin's footer shows an FIU-IND reporting-entity number (VA00031103) for iBlock Technologies Private Limited (self-stated). ↗
- India deducts 1% (or 5%) TDS on VDA transfers; BuyUcoin deducts it at trade execution and remits it to the tax authorities. ↗
- Withdrawals above INR 1 lakh (or the crypto equivalent) are checked manually. ↗
- BuyUcoin warns users to use only www.buyucoin.com and says it is not liable for transactions on other domains. ↗
Services
| Parameter | Details |
|---|---|
| Spot trading | Spot trading with limit orders and charts; 130+ INR and USDT pairs (company figure). |
| OTC | EZ Trade: direct 24/7 buy and sell through the BuyUcoinEZ OTC desk. |
| Custody / wallet | Each account gets a fiat wallet and a crypto wallet held on the platform. |
| Fiat deposits | INR deposits with no BuyUcoin deposit fee; bank IMPS/RTGS/NEFT charges may apply. |
| Recurring purchases | SCIP plans: recurring crypto purchases starting from INR 100. |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| India | iBlock Technologies Private Limited | FIU-IND reporting entity, RE No. VA00031103 (self-stated in the site footer); AML and KYC policies follow the PMLA and FIU-IND VDA guidelines. | Financial Intelligence Unit - India (FIU-IND) |
Security and audits
- BuyUcoin warns about scam domains and asks users to use only www.buyucoin.com.
- KYC includes Aadhaar or passport, a PAN card for Indian residents, and a live selfie with liveness check.
- High-value withdrawals above INR 1 lakh are verified manually.
Security incidents
Incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so none is listed here.
Fees
| Parameter | Details |
|---|---|
| Spot maker | 0.24% per trade, including GST. |
| Spot taker | 0.24% per trade, including GST. |
| Deposits | No BuyUcoin fee on INR deposits; the banking partner's charge applies. |
Who can use it
- Verification: KYC is required: Aadhaar card, passport or other government ID, PAN (mandatory for Indian residents), a live selfie and a verified bank account.
- BuyUcoin serves users in India and trades against INR; it may refuse to open an account without giving a reason.
History
| Date | Event |
|---|---|
| 2016 | BuyUcoin is founded as an Indian bitcoin exchange with credit-card payments. |
| 2017 | BuyUcoin launches a multi-cryptocurrency exchange (June 2017). |
| 2018 | BuyUcoin launches version 2.0 (March) and a P2P trade engine in response to the RBI banking curb (August). |
| 2020 | INR-crypto trading is relaunched with Paytm and MobiKwik wallets (March-October 2020). |
| 1 July 2022 | India's 1% TDS on VDA transfers takes effect; BuyUcoin deducts it at trade execution. |
Risks and caveats
- BuyUcoin is custodial: funds sit in the fiat and crypto wallets it provides.
- Its FIU-IND registration is self-stated on the site and covers AML reporting; India has no deposit insurance for crypto balances.
- Users' identity data was reported leaked in January 2021 (press reports; no company confirmation saved).
- BuyUcoin may refuse to open an account or execute an order without giving a reason.
About the company
- Legal entity
- iBlock Technologies Private Limited (CIN U74999UP2017PTC095056), registered office in Noida, India.
- Founded
- 2016 (the about page gives July 2016; its timeline gives June 2016).
- CEO
- Shivam Thakral, Chief Executive Officer (about page).
- Headquarters
- Delhi-NCR, India; address in Noida, Uttar Pradesh.
Official links
- Website: www.buyucoin.com
- Fees: www.buyucoin.com/fee
- Terms of use: www.buyucoin.com/terms-conditions
- AML policy: www.buyucoin.com/anti-money-laundering-policy-aml
- KYC policy: www.buyucoin.com/kyc-customer-due-diligence-policy
- Blog: www.buyucoin.com/blog
- Listing policy: www.buyucoin.com/listing-delisting-policy-for-cryptocurrency
Questions and answers
Is BuyUcoin registered in India?
BuyUcoin's site footer states that iBlock Technologies Private Limited is an FIU-IND reporting entity (RE No. VA00031103). Its AML and KYC policies follow the PMLA and FIU-IND VDA guidelines.
What are BuyUcoin's fees?
BuyUcoin lists a 0.24% maker/taker fee per trade including GST, and no BuyUcoin fee on INR deposits (bank charges may apply).
Who owns BuyUcoin?
BuyUcoin and buyucoin.com belong to iBlock Technologies Private Limited, based in Noida, India; the about page names Shivam Thakral as CEO.
Was BuyUcoin hacked?
In January 2021 press and security databases reported a leak of BuyUcoin user data. No BuyUcoin statement confirming it was saved, so it is listed as unverified.
Sources
- BuyUcoin - Home
- BuyUcoin - About
- BuyUcoin - Fee structure
- BuyUcoin - Terms & Conditions
- BuyUcoin - AML policy
- BuyUcoin - KYC policy
- BuyUcoin - Blog
- BuyUcoin - Crypto SCIP
- BuyUcoin - Listing/Delisting policy
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