Crypto stands tall as the undefeated alternative of currency for a decade now. It has been the buzz of the finance market and Indians are chasing it for good. But in order to buy or sell Crypto, one needs an exchange platform to help them with it. These crypto exchanges help the users with their crypto needs. India has seen the emergence of various crypto exchanges over the decade and people have evolved and welcomed these exchanges as time passes. BuyUCoin is one such crypto exchange platform which caters to Indians adapting Crypto.
What is BuyUCoin ?
BuyUCoin is a prominent and well known exchange that has been around in India since the past 5 years. BuyUCoin was 1launched in 2016 by Shivam Thakral, Devesh Aggrawal, and Atulya B. BuyUCoin is one of the easiest exchanges to buy, sell or trade Crypto. The platform trades In 130+ crypto and is trusted by more than 1 million+ traders. It is a Multi-Cryptocurrency Exchange to experience the best-in-industry security. BuyUCoin has a mission, “To bring cryptocurrencies in a million Indian pockets.” and by far it has successfully vouched 3,50,000 customers.
Features of BuyUCoin
- BuyUCoin claims to be the easiest crypto exchange to exist in the market. It makes trading, buying or selling crypto beginner-friendly as well as convenient.
- BuyUCoin offers 130+ cryptocurrency, altcoins and DeFi tokens to trade in. It gives its users a wide range of choices to choose from for trading in Crypto.
- The platform offers high security by storing 95% of the user’s funds in offline cold wallets. This keeps the users’ funds out of the hackers reach or away from any security threats.
- The app also gives low rates for crypto, lowest trading fees, free exchange account and multiple crypto wallets at free.
- The exchange is one of the most trustworthy and reliable exchanges that has been around in the Indian market for a really long time.
Pros of using BuyUCoin
- The registration process is easy and the KYC verification is simple. This makes user registration convenient.
- The platform trades in indian currency and offers trading crypto pairs which can be traded against INR.
- The platform offers a wide variety of altcoins, crypto, and DeFi tokens which helps consumers to satisfy all their crypto needs at one place.
- The most notable feature of BuyUCoin is, it charges no or zero transaction fees.
- It accepts a wide range of payments including debit card, credit card, NEFT, IMPS, RTGS and UPI.
Cons of using BuyUCoin
- The price rates for crypto or altcoins might be slightly above the market price which makes it an expensive platform.
- The withdrawal processing time is excessively higher than normal which generates bad reviews from users.
- The company has not disclosed the security features that they’ve adopted to keep the user’s funds and their transactions safe.
- One can access the customer service through a customised ticket only.
What are the best BuyUCoin Alternatives?
BuyUcoin is a good exchange to buy Ethereum and Bitcoin and other altcoins in India. However, it is not the only one. There are many BuyUCoin alternatives in India. You can either use Wazirx, CoinDCX, Giottus, Coinswitch Kuber and many more exchanges to buy Bitcoin and altcoins in India with INR. Wazirx is one of the most popular exchanges that is widely used in India, followed by CoinDCX. Look for yourself where you can find the best rate and based on that you can go with the exchange you like the most.
Conclusion: Is BuyUCoin a good exchange to buy Bitcoins in India?
There is no doubt that BuyUCoin is a good exchange platform that has survived the volatility of the crypto market for 5 long years. It is user-friendly, secure, charges no or low Transaction fees and offers a huge range of services. This surely makes BuyUCoin a good exchange to buy Bitcoins or any altcoins but it has also been reported by the economic Times that BuyUCoin experienced a data leak thrice last year, which makes it sceptical. We advise you to use this platform at your own risk.