Buyucoin.com was founded as India’s first Bitcoin Exchange with Credit Card Payment facility. Buyucoin provides variety of Features and Products to easily buy, sell, trade and store Cryptocurrency in India.May 2017 – BuyUcoin gets recognized by major media outlets like NDTV and CNBC Awaz emerging as a renowned online destination for bitcoin traders in India. India’s Most Honest, Secure and Trusted Digital Currency Company.
How To Start With Buyucoin.com To start trading with Buyucoin.comIndian residents first have to sign up for an account by following the steps below. Step 1. Click on the “Login/Signup” link on the top right hand corner of the Buyucoin.comwebsite. Step 2. In the form, fill in your first name, last name, mobile number, email ID and password. Step 3. If you have a referral code, enter the code while creating your account. Step 4. Submit the form and wait for an activation email to be sent to you. Step 5. Click on the “confirm email” link in the activation email. Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Buyucoin.com account.
Create your CryptoCurrency Account today
Store CryptoCurrency in Vault Grade Security. Safely Store Your CryptoCurrency On BuyUcoin Highly Secure Wallets.
Buy & Sell CryptoCurrency at Wholesale Rates Buy / Sell CryptoCurrency At Best Rate @ 0% Fees, Also Known As OTC Desk.
Deposit/Withdraw INR Quickly Using The ust P2P Technology, Deposit / Withdraw INR Quickly And Safely.
Trade CryptoCurrency On Real-Time Exchange Buy, Sell, Trade and Place Limit Orders Seamlessly For More Than 30 CryptoCurrency in India.
BuyUcoin Trading fees
As you know, there needs to be at least two parties in a trade. In crypto trading, we name these parties different things (not just party one and party two). The party whose order exists on the order book prior to the trade is called the maker. The party who sees the maker’s order and decides that “yeah, that’s good enough for me and I’m gonna go ahead and accept that order” is the taker. As the makers provide the liquidity to the exchange, they are often provided with a discount on the trading fees compared to the takers. That is the case also at BuyUcoin. BuyUcoin offers a taker trading fee of 0.84% and a maker trading fee of 0.42%. As the global industry average trading fees are 0.25% for takers and slightly less for makers, the trading fees offered by BuyUcoin are substantially above industry averages. If BuyUcoin does not lower their fees within the near future, we believe that they will lose many traders.
Does BuyUcoin outweigh the high trading fees with lower withdrawal fees? No, they don’t. The industry average BTC-withdrawal fee is arguably 0.0008 BTC. BuyUcoin charges 0.002 BTC. That’s 150% above industry average. To summarize, the fees charged by this trading platform are not competitive at all.
Is it safe to use BuyUcoin?
In keeping with best practice security protocols, BuyUcoin enforces two-factor authentication (2FA), requiring users to verify that they are the account holder before logging in. 2FA provides an extra layer of security against any hacking attempts and helps to decrease risk of identity theft or other traders using a false persona on the platform. BuyUcoin states it uses computer safeguards such as firewalls and data encryption and that all data is protected by maintaining electronic as well as physical procedural safeguards. However, there are no specific details about the type of security measures BuyUcoin follows. In line with best practice storage of any cryptocurrency, it’s recommended that you avoid holding your coins on the BuyUcoin exchange for a prolonged period of time if you don’t plan on making frequent trades. Instead, you should consider moving your coins to your own secure cryptocurrency wallet.
Customer support at BuyUcoin is accessible through a customised ticket system. Before submitting a ticket, you need to select one of the listed issues in a drop-down menu to help route your query, give a brief description and enter your email address. There is also a limited FAQ section which helps address basic queries. A customer service phone number operates from 12pm-5pm on business days.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.