Cryptocurrency

 

BuyUCoin Crypto review | Key Finding 2022

 

 

What is BuyUcoin?

 

BuyUcoin was founded in 2016 as a cryptocurrency exchange platform. Since its establishment, the exchange has had over 250,000 registered consumers and has traded over USD 50 million in assets. It is solely open to Indian investors and offers to buy/sell options in more than 40 cryptocurrencies in both EZ/OTC and traditional markets. Its other features, such as its affiliate and referral program, as well as the Crypto Cashback Scratch Card EzBack project, are sure to entice potential investors.

 

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Products by BuyUcoin

 

Let's have a look at some of the products available on the platform:

●     Its exchange platform delivers daily analytic updates on the crypto trading market, allowing users to make informed decisions about which cryptocurrency to invest in.

●     The Crypto Cashback Scratch Card is a scratch card that gives you money back. zack is a one-of-a-kind promotion that gives users the opportunity to win up to INR 5000 in coupons and discount codes. These vouchers can only be used once in a certain amount of time.

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●     Defi Tokens: Defi tokens can be traded and stored on BuyUcoin. Decentralized finance, or Defi, is an area of the bitcoin industry that is fast growing. The use of blockchain as a technology foundation allows for transaction/settlement and contract administration to be relatively rapid and low-cost. On its OTC desk, ChainLink, AAVE, and other Defi Tokens are available for trade with 0% Trading Fees and a One-Click Transaction Method.

●     Non-fungible Tokens (NFT) Marketplace: In 2021, BuyUcoin started its Non-fungible Tokens (NFT) Marketplace. It's also a platform that gives digital asset owners a one-of-a-kind opportunity to trade intellectual property and various types of digital art. The NFT Marketplace allows creators to make money off of their work. It also allows for art auctions to be conducted on a secure blockchain network. By giving access to NFTs, the BuyUcoin NFT marketplace also hopes to boost the creative economy.

●     Derivatives: The world's first INR-based crypto derivatives market will be launched soon.

BuyUcoin App

 

Both Android and iOS devices can use the BuyUcoin app. The application has a straightforward and rapid user interface. Furthermore, the mobile app is a better option than the website because it contains all of the website's features in a more compact and accessible format.

How to use BuyUcoin?

 

To get started with BuyUcoin, simply follow the steps below.

●     To begin, go to BuyUcoin's official website and click the "Sign up" button in the upper right corner.

●     The Sign-Up screen will open, prompting you to input your Name, Email address, Account Type (Company/ Individual), Password, and Country.

●     Then, to complete registration, click on the square box to accept the Terms & Conditions, and then on 'create an account.'

●     In addition, to create your account, click on the verification link you'll get through email.

●     Complete the KYC registration process as well.

●     Then, after logging in, deposit INR into your wallet using bank transfer, Mobikwik, or credit/ debit card by clicking on the "Deposit INR" button on the Dashboard.

●     To start trading with BuyUcoin, go to your dashboard and scroll down to discover the trading pairs and coins that are available.

●     Finally, after reviewing the crypto rates on the exchange platform, click the Trade button in front of the required currency and pairings.

BuyUcoin Review: Fees

 

Investors are not charged a deposit fee or a KYC fee by BuyUcoin. Even storing and sending cryptocurrency in the BuyUcoin wallet is free. At the OTC counter, there are no fees for any transaction.

It has a 0.24 percent trading fee, including GST, for both takers and makers, as opposed to the usual practice of giving makers discounts on trading fees because they provide liquidity for the transaction. The trading charge for takers has been roughly 0.25 percent, and slightly less for makers, according to the general global standard.

As a result, BuyUcoin's trading costs are in line with the industry standard. Withdrawal fees vary by crypto asset, however, they are often a predetermined percentage of the crypto asset in question. BuyUcoin charges 0.0012 BTC for each BTC withdrawal, which is less than the industry average of 0.0006 BTC. This cost is far greater than the industry average.

 

Is BuyUcoin Safe?

 

Tokenization of assets is the process of creating a digital token on a blockchain by an individual or an entity. In addition, the token's value is derived from an underlying parent asset, which might be digital or physical. Stormgain also tokenizes commodities (gold and silver) as well as stocks (Tesla, Google, Amazon, etc.).

Yes, BuyUcoin is completely secure because all TLS (SSL)-enabled services, including the public website and your account, require HTTPS. Furthermore, its official libraries use TLS to connect to BuyUcoin servers and validate TLS certificates on each connection, providing you with added security. Furthermore, it employs HSTS to ensure that only HTTPS is used to communicate with BuyUcoin.

 

BuyUcoin Reviews

Users of BuyUcoin's iOS app haven't been pleased with their experience. On the Apple Store, the platform has a 3/5 rating. The platform, on the other hand, has a 4.1/5 rating on the Google Play Store, indicating that it has provided good service to Android customers.

 

FAQ

 

Is BuyUcoin trusted?

The Most Reliable & Advanced Cryptocurrency Exchange

More than 1 million crypto traders and holders trust us to invest in 130+ crypto pairs such as BTC-INR, ETH-INR, DOGE-INR, YFI-INR, and many more. Join India's First Multi-Cryptocurrency Exchange for industry-leading security.

 

What is the withdrawal fee for BuyUcoin?

Each BTC withdrawal costs 0.00065 BTC at BuyUcoin. This withdrawal cost is comparable to the industry standard, albeit slightly higher.

 

Is WazirX genuine?

WazirX is the most reliable Bitcoin and cryptocurrency exchange in India. In India, you can buy, sell, and trade cryptocurrencies including Bitcoin, Ethereum, Ripple, and Litecoin. Trade right away!

 

Is BuyUcoin Indian?

BuyUcoin is a crypto wallet and exchange platform that allows merchants and customers to transact with digital assets such as bitcoin, ethereum, and ripple. We're based in India's Delhi-NCR region.

 

How do I withdraw money from BuyUcoin?

It's simple to withdraw INR. You can also deposit funds into your primary (registered) bank account. You might jot down a note or make a remark to help you remember the transaction.