Review on BuyUcoin by Pedro O. Alvino M.
Crypto asset trading platform for those residing in India.
Founded in 2016, BuyUcoin is composed of a cryptographic asset trading platform, where operators can have the currency to buy and trade crypto assets, where the registration process is very fast and the KYC verification takes very short acceptance time, however it is also optional, whereby it can be traded without a KYC verification.
The features it contains are based on a high security that is established by data encryption and HTTPS and HSTS connections for greater security of the page, in addition to the operation of the wallet, protects cryptographic assets up to 95%, keeps them offline , a very functional feature for operators with very low commercial activity and wish to host their crypto assets on the exchange.
Many exchanges have various programs to attract users, where BuyUcoin consists of a program that allows you to obtain free Bitcoin even just by registering and other requirements such as trade volume management.
Despite having a good user base, this is limited for non-India residents due to the complexity of the KYC verification system, which, despite being a required requirement to trade on the platform, trade limits for power without KYC verification, only up to 10,000 INR are estimated, which its equivalent in USD is almost $ 135, a very low percentage for operators with large volumes.
Pros
- Allows cryptoactive trading with Fiat currency (INR).
- Offers various programs to users to get free Bitcoin rewards.
- It allows the purchase of cryptocurrencies with a debit and credit card.
- It has an excellent reputation and a good user base in the market.
- Consists of a variety of low-cost transaction rate system for new users.
- The operator's data is encrypted.
- Protects 95% of funds stored offline.
Cons
- The availability of customer service is limited to a set schedule.
- You don't need KYC to trade, but the non-KYC trading limits are really low.
- Au does not have its mobile version.
- Limited for non-India residents.
