In this article, i Will cover the Buda, one of the most renowned cryptocurrency exchanges. With its intuitive design and extensive line up of supported cryptocurrencies, Buda makes trading simple for everyone, novice or seasoned traders alike.
From purchasing and selling to trading crypto assets, Buda securely and conveniently caters to all your cryptocurrency requirements.
Introduction
Buda Exchange is one of the first platforms founded in Latin America in 2015 for cryptocurrency trading. It has a vast presence in different countries in Latin America.
Businesses and individuals can trade Ethereum, Bitcoin, and other digital currencies with great ease. Buda creates new ways and provides users with great support to improve their trading experience. Buda is also very transparent with its policies.
Know Quick Details About Buda
| Feature | Details |
|---|---|
| Founded | 2015 |
| Supported Cryptocurrencies | Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more |
| Security | Two-factor authentication (2FA), cold storage for funds |
| User Interface | Easy-to-use, web and mobile platforms |
| Languages Supported | Spanish, Portuguese |
| Countries Available | Argentina, Chile, Colombia, Peru, and more Latin American countries |
| Trading Pairs | Fiat-to-crypto and crypto-to-crypto pairs |
| Customer Support | 24/7 support through email and live chat |
| Payment Methods | Bank transfer, payment processors, and local methods |
| Fees | Competitive trading fees and withdrawal fees |
Some Popular Token Available On This Exchange
| Token Name | Token Symbol | Category | Key Use Case | Blockchain |
|---|---|---|---|---|
| Bitcoin | BTC | Cryptocurrency | Digital currency, store of value | Bitcoin Blockchain |
| Ethereum | ETH | Cryptocurrency | Smart contracts, decentralized applications (dApps) | Ethereum Blockchain |
| Litecoin | LTC | Cryptocurrency | Peer-to-peer payments, faster transaction confirmation | Litecoin Blockchain |
| Bitcoin Cash | BCH | Cryptocurrency | Faster peer-to-peer transactions, lower fees | Bitcoin Cash Blockchain |
| Chainlink | LINK | DeFi | Decentralized oracle network for smart contracts | Ethereum Blockchain |
| Uniswap | UNI | DeFi | Governance token for decentralized exchange (DEX) | Ethereum Blockchain |
Buda Trading Fees
At Buda Exchange, trading fees differ for both makers and takers. A maker is a trader that places an order on the order book, contributing liquidity to the market. On the contrary, a taker is a trader that matches these orders and participates in withdrawing liquidity from the market.
Buda charges a rather high fee of 0.80% for takers, while the industry average is close to 0.25% percent. However, makers have a more favorable fee set at 0.40%, which is above the global average. Even though Buda’s fees may be high on a global level, they are more competitive on a regional level compared to other exchanges in Chile and South America which have even higher fees.
Buda Withdrawal fees
Buda has a withdrawal fee of 0.000051 BTC which is significantly lower than the industry standard. This fee certainly works to Buda’s advantage when compared to several other exchanges.
Deposit Methods
On this trading platform, deposits can be made through wire transfers, but credit cards are not acceptable. This is bad news if for some reason you would rather pay by credit card.
How to Start Trading on Buda
Create an Account
Go to Buda’s site and register an account. You need a working email address and a strong password.
Verify Your Identity
Provide necessary Identification to complete KYC checks. This step is very important for security reasons, as well as compliance reasons.
Deposit Funds
Fund your account with wire transfer or other supporting payment methods which you prefer.
Explore the Platform
Learn how to navigate Buda’s trading platform including order book, price charts, and other trading tools.
Start Trading
Select the cryptocurrency you want to trade, create your buy or sell orders, and execute the trades.
Buda Services and Features
Extensive Cryptocurrency Availability: Buda offers a variety of popular cryptocurrencies that include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and USD Coin (USDC).
Fiat Currency Trading: South American currencies like the Chilean peso, Colombian peso, Argentine peso, and Peruvian sol can be traded with, enabling access for users in this region.
Competitorial Pricing: It also has low trading and withdrawal fees which are very beneficial for active traders on the platform.
User Friendly Platform: Buda has a simple platform that can be used by beginners and expert traders alike.
Safety and Trustworthiness: Its strong security features and 99.9% up time accounts for seamless trading making it well regarded for users.
Referral Program: Users can invite people to the platform and earn a share of the referred users trading fees.
Learning Materials: Educational materials and tools are provided by Buda to help users with little to no knowledge of cryptocurrency and trading techniques.
Here’s a table showing the supported countries and banned countries for Buda:
| Supported Countries | Banned Countries |
|---|---|
| ✅ Argentina | ❌ United States |
| ✅ Chile | ❌ North Korea |
| ✅ Colombia | ❌ Iran |
| ✅ Peru | ❌ Syria |
| ✅ Mexico | ❌ Cuba |
| ✅ Brazil | ❌ Afghanistan |
Buda PROS & CONS
| PROS | CONS |
|---|---|
| ✅ User-Friendly Interface | ❌ Higher Trading Fees for Takers |
| ✅ Supports Multiple Cryptocurrencies | ❌ Limited Payment Methods |
| ✅ Low Maker Fees | ❌ Limited Availability in Some Regions |
| ✅ Good Security Features (2FA) | ❌ Customer Support Can Be Slow |
| ✅ Regulated in Several Countries | ❌ Higher Fees Compared to Global Peers |
| ✅ Mobile App Available | ❌ Limited Advanced Trading Features |
Is Buda Secure?
The safety of Buda Exchange is unquestionable as it takes multiple steps to protect user funds and information. For example, it employs two-factor authentication (2FA) for account security and claims that most user funds are kept offline in cold storage.
Furthermore, Buda follows compliance regulations in different countries and uses encryption technology on sensitive data. Even though no exchange is risk-free, Buda takes the necessary measures to make sure balance between security and usability is adopted.
Android & IOS Mobile App
Buda Customer Support
Buda offers customer support for any issues or questions that users may have. Their support team can be reached 24/7 through live chats and emails. Even though response times can range, Buda does their best to provide timely assistance.
The company also has a well-maintained FAQ section that tackles issues concerning account creation, deposits, withdrawals, and trading. All in all, Buda does their best to ensure users experience smooth and supported trading.
Conclusion
In summary, Buda is a trusted cryptocurrency exchange which ensures Latin American users can securely trade several digital assets. Despite having higher fees in comparison to some global counterparts, its intuitive design, robust security, and round the clock customer service provide smooth experiences for novice and expert traders alike.
With its increasing presence and emphasis on regulation, Buda remains the go to exchange for those wishing to start or broaden their ventures in cryptocurrency trading.
I hope you like this article.
