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Mar 14, 2019 AlanC Exchanges Views: 45

Buda Exchange

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Company Name

Buda.com SpA

Founder Name

Guillermo Torrealba

Name

Buda Exchange

Type

For Profit.

Location

Santiago RM, Chile

Country

Chile

Languages

English

Allowed countries

Argentina, Chile, Colombia, Peru

Copy-trading

Yes

Fees

Buda Withdrawal fees - Buda charges a withdrawal fee amounting to 0.00011 BTC when you withdraw BTC. This fee is below the industry average and constitutes an advantage against the majority of other top...

Buda Withdrawal fees - Buda charges a withdrawal fee amounting to 0.00011 BTC when you withdraw BTC. This fee is below the industry average and constitutes an advantage against the majority of other top crypto exchanges.

Deposit methods

Bank wire, Bitcoin, Litecoin, Ethereum

Maximum deposit

No minimum

Maximum withdrawal

No minimum

Minimum deposit

No minimum

Minimum withdrawal

No minimum

Supported crypto currencies

Bitcoin, Ethereum, Litecoin

Supported fiat currencies

Euro, United States Dollar

Two-Factor Authentication

Yes

Multi-factor Authentication

Yes

Secured By SSL

Yes

24/7 Online Support

Yes

Contact email
Exchange type

Fiat-to-crypto, Crypto-to-crypto

Withdrawal methods

Bank wire, Bitcoin, Litecoin, Ethereum

Market
Price
Open 24H
Range 24H
Vol. 24H
% CH
Market
Type
Price
Quantity
Total
Id

Overview

This cryptocurrency exchange platform is a beginner-level exchange of digital cryptocurrency aimed primarily at the people in Latin America. This company is located in Chile, but despite that, it offers virtual currency purchase and sale services in Colombia and Peru. Its service is decent, fast, effective and easy to access. This exchange was founded in the mid-2015 and since then, it has been steadily improving.

 

How does it work?

Trading, buying, and selling of cryptocurrency on the optimized Buda digital platform are done through a web network or a mobile application. While the design may be a little confusing, it actually has a decent approach to its organization as the record book (current orders) is separated from the order entry field and transaction history.

 

Availability of Currencies

All assets available in Buda are BTC, ETH, and BCH, which are traded against CLP (the Chilean peso), COP (the Colombian peso) and PEN (the Peruvian sun). In addition, the ETH / BTC and BCH / BTC pairs are also available. While the offer provided by Buda seems to be really good, there are some things that you need to know before you start trading. It is only suitable for certain countries. Other merchants may be accepted, but won’t have full access.

 

Bank Rates and Limits

The rates charged by Buddha is not very competitive with other cryptocurrency exchanges. They are reduced for the largest traders, but even the lowest possible rates are 0.50% for "takers" and 0.35% for "manufacturers". This is still slightly above the industry average of around 0.20-25%. The only ways to deposit fiat currency in this exchange appears to be through bank transfers (and checks for Colombian customers). This is good, but it seems a bit old-fashioned since there are now a number of exchanges that accept credit cards.

     

    Conclusions

    Buda is not a highly recommended platform for active traders or individuals who are looking for a highly professional trading experience. Not only because of slightly higher than average trade tariffs but also because they do not provide leverage. Traders or users who require a platform better adapted to their trading needs will have to look among other options, as this exchange is very simple in that respect, at least in the last days of 2018.

    Screenshots
    Pros & Cons
    • 90% of the coins kept in cold storage
    • Has been operating since 2015
    • An overall decent platform
    • No support for credit cards
    • Only available for a few countries
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