[Exchanges](https://revain.org/exchanges/) › BuyUcoin

# 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

## Key facts

- **Type**: Centralized exchange
- **Exchange launched**: 2016
- **Country of registration**: India
- **Operator**: iBlock Technologies Private Limited
- **Official site**: [buyucoin.com](https://www.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). [↗](https://www.buyucoin.com/)
- India deducts 1% (or 5%) TDS on VDA transfers; BuyUcoin deducts it at trade execution and remits it to the tax authorities. [↗](https://www.buyucoin.com/terms-conditions)
- Withdrawals above INR 1 lakh (or the crypto equivalent) are checked manually. [↗](https://www.buyucoin.com/terms-conditions)
- BuyUcoin warns users to use only www.buyucoin.com and says it is not liable for transactions on other domains. [↗](https://www.buyucoin.com/)

## 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)](https://www.buyucoin.com/) |

## 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](https://www.buyucoin.com/)
- Fees: [www.buyucoin.com/fee](https://www.buyucoin.com/fee)
- Terms of use: [www.buyucoin.com/terms-conditions](https://www.buyucoin.com/terms-conditions)
- AML policy: [www.buyucoin.com/anti-money-laundering-policy-aml](https://www.buyucoin.com/anti-money-laundering-policy-aml)
- KYC policy: [www.buyucoin.com/kyc-customer-due-diligence-policy](https://www.buyucoin.com/kyc-customer-due-diligence-policy)
- Blog: [www.buyucoin.com/blog](https://www.buyucoin.com/blog)
- Listing policy: [www.buyucoin.com/listing-delisting-policy-for-cryptocurrency](https://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](https://www.buyucoin.com/)
- [BuyUcoin - About](https://www.buyucoin.com/about)
- [BuyUcoin - Fee structure](https://www.buyucoin.com/fee)
- [BuyUcoin - Terms & Conditions](https://www.buyucoin.com/terms-conditions)
- [BuyUcoin - AML policy](https://www.buyucoin.com/anti-money-laundering-policy-aml)
- [BuyUcoin - KYC policy](https://www.buyucoin.com/kyc-customer-due-diligence-policy)
- [BuyUcoin - Blog](https://www.buyucoin.com/blog)
- [BuyUcoin - Crypto SCIP](https://www.buyucoin.com/crypto-scip)
- [BuyUcoin - Listing/Delisting policy](https://www.buyucoin.com/listing-delisting-policy-for-cryptocurrency)

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Page updated: 2026-11-01

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Source: https://revain.org/exchanges/buyucoin/