Review on BuyUcoin by Samantha Beatrice
Not a bad exchange, but i don't recommend it for non Indian traders
Buyucoin Exchange is an Indian spot exchange which was founded in 2016 by Shivam Thakral, a specialist in blockchain technology. Normally, every Indian exchange I have come across usually;
✓ Used Indian Rupee as the only form of fiat payment.
✓ had compulsory KYC/AML policies.
I haven't used the exchange before since I wasn't an Indian, so it was very difficult to get Indian Rupees. The exchange seemed to be good for only Indian traders though. The fees on this exchange are quite outrageous though still in line with standards, imagine being charged a fee of 0.24% for each transaction and even having a very high minimum deposit limit. I don't recommend this exchange for non Indian traders because of the difficulty involved in using the exchange.
Pros
- The exchange is good for just Indians
Cons
- I wasn't able to use the exchange
- The KYC being compulsory has reduced user's anonymity
