Review of the Buda Stock Exchange
Buda is a centralized exchange that occupies #162 on Guru InvestingExchange Tracker. Buda has trading volume US$738,117 in the last 24 hours and US$320,036,457 in the last 7 days.
Currently in Buda there is 9 cryptocurrencies, 4 paper currencies and 21 markets (cryptocurrency trading pairs). The most popular trading pair on Buda is BTC/CLP.
Compare Buda next to other exchanges here: Exchange comparison tool.
Buda Cryptocurrency Exchange, founded in 2015, is a company that develops and operates cryptocurrency markets in Chile, Colombia, Peru and Argentina.. It is based in Santiago de Chile. The company’s goal is to be at the forefront of the digital and cryptocurrency revolution taking place in South America.
The company mainly focuses on the markets of Argentina, Chile, Colombia and Peru. While citizens of other countries can participate on the platform, they just need to make sure that cryptocurrency activities are allowed in their countries. The exchange uses KYC verification methods to ensure the integrity of all users. In addition to uploading ID cards and utility bills, users are also required to upload selfies. In addition, the Buda cryptocurrency exchange has artificial intelligence system so that all selfies are real.
Markets
There are 5 markets available on the platform – BTC, COP, PEN, ARS and CLP. The exchange is working crypto-fiat trading system with 21 Buda trading pairs. Some of the main supported cryptocurrencies include BTC, ETH, WarheadAnd USDC. All these assets are traded on the Buda spot market. However, the Buda cryptocurrency exchange does not support margin or leverage trading.
Exchange fee in Buda Maker and taker transactions are different. The platform charges 0.4% for maker trades and 0.8% for taker trades. In addition, it uses multi-level system to stimulate traders trade more. Essentially, the higher your Buda trading volume in a month, the less you will pay in trading fees. There are 7 tiers available, with the final tier paying just 0.2% and 0.1% for taker and maker trades respectively.
In terms of withdrawal of fundsThe price of Buda cryptocurrency for BTC withdrawal is pegged at 0.000051 BTC per withdrawal. Withdrawals in fiat currencies are also subject to bank processing and system fees. Buda crypto commissions for depositsOn the other hand, they depend on the method used. Crypto deposits are free, but fiat deposits incur a processing fee.
About company
The company was co-founded by Alejandro Beltran and Guillermo Torrealba in 2015.
Alejandro has over 10 years of experience in financial instruments, brokerage investments and traditional capital markets. He graduated from the University of Los Andes with a degree in Corporate Finance and received a Master’s degree in New Technologies from the University of Salamanca. He is currently the regional manager for Buda in Colombia. Before co-founding Buda, he worked as a foreign trade analyst at Bancomext.
Guillermo Graduated from the University of Chile with a degree in Business. He has worked as a consultant for Innspiral and is the co-founder of Baltoro, an energy efficiency company.
In terms of partnerships, cryptocurrency exchange Buda has now partnered with Bank of Bogota, offering its users in Colombia the ability to make direct deposits and withdrawals to and from the exchange respectively. Although these transactions were already supported by Colombian banks, the new alliance recognizes them as official transactions for the exchanges, freeing users from any blocking or other measures that the banking operator might take.
If you want to see Buda’s current volume, check out the chart above.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
