Review on Buda by Joseph Bello
BUDA :AN EXCHANGE FOR THE SOUTH AMERICAN BUT WITH AN OUTRAGEOUS FEE
Buda is a south American exchange designed for cryptocurrency traders in south American it has only four coin on it trade list(BTC, LTC, ETH and Bitcoin Cash). When I went though the exchange's website what I saw gave me a feeling that non south American investors/traders are not welcomed on the exchange the exchange has only one language option which was Spanish and as a trader who doesn't understand Spanish I had to utilize the use of a translator before I could understand all the information's on their web page,I also had problems accessing the exchange's website so I had to change my browser to another one before I could access the exchange's website . The exchange's fee were so outrageous they charge a maker and taker fee of 0.4% & 0.8% respectively,this fees are on the high side ,based on my verdict I don't see any reason why non south American investors/traders should use this exchange when they could possibly get better exchange with affordable trading fee and multiple language options, but as for the South American traders who are left with no other option due to the strict laws imposed on crypto trading in that region they can use the exchange or possibly look out for other exchanges that operates in that region with low trading fees because this exchange is not profit minded for it users.
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Pros
- The exchange liquidity is high
- Quality service s,the transaction speed is quite okay
- The security is a top notch and it has not been hacked
Cons
- Low range of coins ,they have only four coins
- They have only three trading psirs
- The exchange has only one language which is Spanish
- The trade fees are on the high side
