BuyUcoin Review

With cryptocurrencies gaining momentum over the past few years, it’s no surprise everyone wants a piece of the action – and India’s no exception. The country has seen a surge of local exchanges emerge, each aiming to make crypto more accessible. In this BuyUcoin review, I’m taking a closer look at one of the platforms that’s been in the game for a while.

Launched in 2016, BuyUcoin presents itself as India’s first multi-cryptocurrency exchange, offering users a place to trade digital assets at competitive prices. It also claims to provide top-tier security and advanced trading tools designed to rival major global platforms like Binance, Kraken, and Bybit.

But do those bold promises and long history actually translate to a platform you can trust with your funds? Let’s find out!

BuyUcoin Review: Quick Overview

Is BuyUcoin legit? Is it safe to use? Is it even legal to use? If those are some of the questions on your mind, don’t worry because I’ll be covering all of that (and more) in this BuyUcoin review.

But before we get into the details, here’s a quick sneak peek at what the exchange looks like on paper.

Table: A quick overview of BuyUcoin

With the essentials laid out above, you should have a clearer picture of what the exchange offers and whether it matches the features you’re looking for. And if at first glance it doesn’t seem like the right fit, there are also plenty of alternatives worth considering.

BuyUcoin Alternatives

While BuyUcoin is one of the longer-running Indian exchanges, it might not check every box for every type of trader. Some users may prefer platforms with broader global availability, more advanced features, or deeper liquidity while still having access to the local market.

If that sounds like you, here are a few strong alternatives to keep on your radar:

• Binance. The world’s largest exchange by trading volume, Binance offers hundreds of coins, advanced trading tools, staking, and global liquidity.
• Kraken. Known for its strong regulatory standing, robust security, and fiat onramps in multiple regions. It appeals to those who want a compliance-first exchange.
• Bybit. A popular choice for derivatives and leverage trading, Bybit has gained traction for its user-friendly design and strong liquidity.

Each of these exchanges brings its own strengths, whether it's global reach, a wide range of altcoins, or advanced trading features. Here’s a quick side-by-side look at how they compare:

	KRAKEN	BINANCE	BYBIT
Overall Score	9.8	8.0	8.0
Best For	Beginners	Advanced Users & Beginners	More Advanced Users
Operating Countries	United States, Germany, United Kingdom, France, Canada, + 190 more	Turkey, Argentina, Vietnam, Ukraine, + 180 more	South Korea, United Kingdom, Ukraine, Turkey, +160 more
Latest Coupons	Visit Site All Kraken Coupons	See All Coupons of Best Exchanges	See All Coupons of Best Exchanges
Verdict	One of the best crypto exchanges, especially in the US.	One of the leading crypto exchange platforms in the industry.	A popular crypto derivatives exchange with some super-low trading fees.
Supported in United States	Supported ✅	Not Supported ❌	Not Supported ❌
	Visit site Read review	See TOP10 Brands Read review	See TOP10 Brands Read review

Table: Comparing Binance, Kraken, and Bybit

If you’re still on the fence and asking yourself, “Is BuyUcoin legit? Is it truly the right choice for me?”, even after reading my review, I’d recommend checking out one of these exchanges first.

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Who’s BuyUcoin For?

Not every exchange is built for the same crowd, and BuyUcoin makes that clear with the way it shapes its platform. It leans heavily toward the Indian market and caters to people who want simple access to crypto.

Here’s who I think the platform is best suited for:

• Everyday Indian traders. BuyUcoin makes it easy to deposit and withdraw directly in INR, with quick KYC verification to get started.
• First-timers and casual users. The Systematic Crypto Investment Plan (SCIP) lets them start small, beginning with as little as ₹100.
• Businesses and high-volume investors. The EZ OTC desk supports bulk buying and selling, backed by priority service and dedicated account managers.

All things considered, BuyUcoin aims to strike a balance between simplicity for everyday use and flexibility for those with bigger demands. That said, whether it truly meets those needs is something worth digging deeper into.

📚 Check Out: Best Cryptocurrency Exchange

Advantages

All right, let’s get this BuyUcoin review rolling with a few things that really stood out to me. These are the features that caught my eye while testing the platform:

• Quick buy convenience;
• Recurring purchase plans;
• Promotional rewards;
• INR-friendly setup.

One of the main draws I noticed, especially for beginners, is BuyUcoin’s EZ Buy/Sell feature. It lets you grab your first crypto without needing to understand trading mechanics or decode market jargon. The token selection isn’t bad either, which adds some flexibility for anyone who just wants quick access.

If you’re more into a systematic, DCA-style approach, the SCIP is worth checking out. It lets you automate recurring buys, making it easier to average into the market over time without stressing about timing.

Your experience also gets a little bonus from the extra perks the platform throws in. From scratch card rewards to occasional BuyUcoin promo code offering cashback, free Bitcoin, or trading discounts, it adds a nice touch of gamification that makes everyday usage feel a bit more rewarding.

But for me, the biggest advantage is how well BuyUcoin integrates with India’s banking system. Depositing or withdrawing INR via UPI, IMPS, NEFT, or RTGS feels seamless. For local users, that kind of accessibility alone might be enough reason to give the platform a try.

Limitations

While BuyUcoin has a few strong points, there are also some clear drawbacks I need to call out. Here’s where the platform falls short, in my opinion:

• Unpolished user experience;
• High trading fees;
• Lacks advanced features;
• Limited global reach.

The first thing I noticed is that the user experience could use some refinement. The dashboard feels a bit disjointed, with a clunky layout and minor grammar issues scattered throughout. It doesn’t scream “BuyUcoin scam”, but it does make the platform feel less polished and professional.

Then there’s the trading fee. BuyUcoin charges a flat 0.24% for both maker and taker orders. That might not seem outrageous at first glance, but it’s nearly double what many global exchanges charge.

The feature set also feels pretty barebones. There’s no futures, margin, or options trading – stuff that’s standard on many modern exchanges. Even in the spot market, tools are limited to just limit orders. That might be fine for beginners, but intermediate and advanced users will probably feel boxed in.

This narrower offering shows in BuyUcoin’s limited reach. While the platform is clearly built with Indian users in mind, it does mention support for other regions. That had me expecting more fiat options beyond INR, or at least a few interface languages besides English.

As it stands, it works well enough for locals but isn’t suited for a broader international audience.

Security

I’m guessing the first question that pops into your mind when you come across the platform is: “Is BuyUcoin safe to use?”. Well, what I can say for sure is that it makes a bold claim right off the bat. The moment you land on the site, you're greeted with:

India’s Most Secure Crypto Exchange.

That’s a big title to live up to, so let’s see what it’s actually got.

BuyUcoin claims that the majority of user funds are safely stored in cold wallets. If you're new, that doesn’t mean they put your money in a leather wallet and stick it in a freezer so burglars are too cold to touch it.

A cold wallet is simply a type of crypto storage that’s kept offline, disconnected from the internet.

In theory, keeping private keys offline helps reduce the risk of hacking, phishing, and other forms of unauthorized access.^[1] This method is fairly standard across most exchanges, typically combined with hot wallets for quicker, day-to-day transactions.

BuyUcoin, in this case, claims that 95% of customer funds are stored in cold wallets, with the remaining 5% kept in hot wallets for active use. According to the platform, these cold wallets are spread across confidential vaults and require multi-party manual access, an extra layer of protection against theft or single-point failure.

On the technical side, BuyUcoin highlights AES-256 encryption and CSRF protection as part of its security stack. These are meant to safeguard data during regular activity and prevent leaks or unauthorized access.

From the user’s end, there’s basic protection like two-factor authentication (2FA), which is required to secure your account. That’s good, but compared to bigger global platforms, it’s still missing some helpful extras like anti-phishing codes, login IP tracking, or withdrawal address whitelisting.

And if you’re wondering, “Is BuyUcoin legal in India?” – Yes, the exchange is registered with the Financial Intelligence Unit–India (FIU-IND). This means it’s subject to anti-money laundering (AML) requirements and must follow reporting standards.

That’s a positive sign. Just keep in mind that registration with FIU-IND doesn’t mean regulators are guaranteeing your funds.

📚 Check Out: Cryptocurrency Security Guide

Localization and Regional Adaptability

The first time I landed on BuyUcoin’s site, it was pretty clear this platform was built with Indian crypto users in mind. Everything revolves around INR support, with funding options like bank transfers, UPI, IMPS, NEFT, and RTGS. For anyone with a local bank account, moving money in and out is quick and simple.

BuyUcoin also plays nicely with India’s tax framework. It complies with the 1% TDS on trades and the 30% tax on crypto profits, keeping everything within the government’s reporting system.

That said, BuyUcoin isn’t strictly limited to India. After poking around the site, I found a country selector listing other options like China, Kenya, Thailand, the USA, UK, Europe, Singapore, and Nigeria. The reach is there, but the depth of localization outside India still feels minimal compared to global players like Binance or Kraken.

Trading Tools

BuyUcoin doesn’t offer the widest range of trading tools, but it does cover what most beginners and everyday traders need to buy and sell comfortably.

For those just starting, the EZ Buy/Sell feature is the most convenient on the platform. It lets you purchase or offload popular coins like BTC, ETH, or XRP directly with INR.

If you’re after more control, there’s also a spot trading interface. It supports over 130 crypto pairs and allows limit orders, though I wouldn’t call the layout particularly advanced or visually polished. Still, it works just fine for standard trades.

For anyone more interested in gradual accumulation than active trading, BuyUcoin has a Systematic Crypto Investment Plan (SCIP). It’s essentially an automated dollar-cost averaging tool that lets you schedule recurring buys from ₹100 to ₹10 lakh.

You can set the frequency to daily, weekly, monthly, or quarterly, with plans lasting up to five years. It’s a handy feature if you want to build wealth over time with a more hands-off approach.

For larger transactions, BuyUcoin also offers an EZ OTC desk. It covers 60+ crypto–INR pairs and helps reduce slippage on bulk orders. And if you need automation, there’s API trading via REST and WebSocket, useful for programmatic access or running custom strategies.

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Bonuses and Special Offers

Beyond its core trading features, BuyUcoin throws in a few reward-based extras to keep things engaging. I wouldn’t call them game-changers, but they’re a nice bonus if you’re already using the platform.

You might come across the occasional BuyUcoin promo code that unlocks small perks like free tokens or trading discounts. There are also scratch card rewards that offer modest cashback, crypto bonuses, and other limited-time promos.

These extras are decent, but they’re nowhere near as generous as what you’ll see from global leaders. For example, Binance often rolls out offers like:

• $600 trading bonus;
• 25% off trading fees;
• $3,000 in USDC;
• etc.

So if you’re chasing bigger rewards, Binance is one of the first alternatives I’d point you toward.

📚 Check Out: Binance Referral Code

Fees and Limits

Well, my BuyUcoin review wouldn’t be complete without looking at the fees. Beyond the usual trading costs you’d expect, there are a few extra charges you might run into while using the platform. Here’s a quick breakdown of what to expect:

Table: BuyUcoin fees and limits

Here are the key takeaways on BuyUcoin fees and limits:

• Trading costs. Spot trades come with a flat 0.24% fee on both the maker and taker sides.
• EZ OTC and EZ Buy/Sell. Both are advertised as 0% fee services, but the actual rate may include margin and network costs baked into the spread.
• Deposits. The platform doesn’t charge fees for deposits, which is fairly standard. INR deposits require a ₹500 minimum, while crypto deposits vary by asset (e.g., 0.002 BTC or 70 USDT).
• Withdrawals. BuyUcoin withdrawal fee depends on the token and network you use. For INR, there’s a flat ₹10 fee per transaction, with the same ₹500 minimum as deposits.

All in all, I find the fee structure is relatively straightforward. That said, the flat 0.24% spot trading fee isn’t the most competitive out there. Aside from occasional promo codes, there’s no VIP tier or volume-based discount, something most larger exchanges offer nowadays.

So if you’re fee hunting, BuyUcoin probably won’t be the cheapest option around.

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Customer Support

Customer support often gets overlooked, but I’d put it in the top three things to check when choosing an exchange. In BuyUcoin’s case, I’d say the support setup is fairly decent.

The platform offers 24/7 support through live chat and email, which, let’s be honest, is the industry baseline these days. On top of that, there’s a dedicated ticketing system for more complex issues that need a curated response.

For high-volume traders or those using the OTC desk, BuyUcoin also assigns dedicated account managers who provide more personalized support. That’s a plus if you’re moving large sums and don’t want to wait around in a general queue.

That said, I can’t personally vouch for how fast or effective their team is in practice. I did come across a few negative reviews on sites like Trustpilot from users who felt the support wasn’t particularly helpful.

While every exchange gets its share of complaints, it’s something to keep in mind if customer service is a top priority for you.

User Experience

When I first landed on BuyUcoin’s website, my impression was that it gets straight to the point. The homepage lays out the basics – quick access to buy and sell, market prices, and a prompt to create an account.

The layout is straightforward, but a bit barebones for my taste. Navigation can feel clunky at times, and I noticed a few typos and grammar slips scattered around. Nothing major, but enough to make the interface feel less polished than some of its global counterparts.

The same minimalism extends to the tools on offer. Aside from its three main features (quick buy, spot trading, and SCIP), there’s not much else going on. For a platform that’s been around for a while, I expected a more robust feature set.

The signup process itself is fairly standard. Enter your email, create a password, and you’re in. But to actually unlock all of BuyUcoin’s main features, you’ll need to verify both your email and phone number, plus complete the KYC process. It might feel like a hassle, but it also shows the platform’s compliance with policies to prevent illegal activities.^[2]

Trading is where the platform’s streamlined approach becomes most obvious. The quick transaction option worked smoothly and did exactly what I expected. But once I switched over to spot trading, the minimalism really stood out. You’ve got a basic chart, an order book, and the ability to place limit orders… and that’s about it.

All in all, BuyUcoin delivers a streamlined experience that could be ideal for beginners. It makes buying crypto feel approachable and relatively easy. But compared to more established exchanges, it lacks the refined, professional feel that seasoned traders might be looking for.

It doesn’t raise any red flags or make me think “BuyUcoin scam”, but the user experience definitely feels like it could use a bit more polish.

How to Use BuyUcoin

Now that you’ve heard me go on in this BuyUcoin review about what the platform can offer, let’s get into the practical side of things. I’ll walk you through how to create an account, deposit some funds, and make a withdrawal so you can see how it all works in practice.

How to Create a BuyUcoin Account

Creating an account on BuyUcoin should only take you a few minutes. Here’s the step-by-step to follow:

• Email verification. Enter your email address, and an OTP will be sent to you. Once you enter the OTP, your email is verified.
• Mobile verification. Provide your contact number, and you’ll receive a code by SMS. Enter the code to complete the process.
• KYC verification. Upload your PAN, Aadhaar, and a selfie to verify your identity.
• Bank/UPI verification. Add your bank account or UPI ID so you can deposit and withdraw funds seamlessly.

Once these steps are completed and approved, your BuyUcoin account is fully set up and ready to use.

How to Deposit on BuyUcoin

Once your account is verified, the next step is adding funds so you can start trading. Here’s how to do it:

How to Withdraw From BuyUcoin

Taking money out of your BuyUcoin account is just as straightforward as adding it in. Here’s how:

Check BuyUcoin withdrawal fee and the final amount you’ll receive, then click [Withdraw] to proceed.

Comparison to Other Popular Exchanges

By this point in my BuyUcoin review, you should have a pretty good idea of whether the platform is worth a shot. But if you’re still on the fence, I’ve put things into perspective by comparing it with some of the global heavyweights – Binance, Kraken, and Bybit.

BuyUcoin VS Binance

Putting BuyUcoin side by side with Binance shows just how different the two are in scope. BuyUcoin is designed to make crypto simple and accessible for Indian users, while Binance positions itself as a global hub for nearly every type of digital asset service you can think of.

One of the clearest contrasts lies in trading fees. BuyUcoin charges a flat 0.24% for both maker and taker trades. On the other hand, Binance starts lower at 0.10%, with potential discounts for holding BNB or reaching higher VIP tiers. For active traders, that difference adds up quickly as it makes Binance the more cost-effective choice over time.

Feature-wise, Binance is in a league of its own. Beyond spot trading, it offers margin, futures, staking, copy trading, launchpools, and automated bots. Add support for 350+ coins and dozens of fiat currencies, and it’s easy to see why it dominates globally.

Despite that robust feature set, Binance hasn’t forgotten beginners. With a smooth Quick Buy option and an expansive learning center, it’s accessible no matter your experience level.

Here’s a quick look at how the two stack up:

Table: BuyUcoin VS Binance

That said, it’s hard to argue against BuyUcoin’s home advantage. Direct INR deposits and withdrawals with local bank support make it more convenient if you’re based in India. It doesn’t match Binance on global reach or advanced tools, but it does deliver where it matters most for local users.

📚 Check Out: Binance Review

BuyUcoin VS Kraken

It makes sense to compare BuyUcoin with Kraken since both are long-standing exchanges that make crypto trading accessible. But while BuyUcoin is focused on serving Indian users, Kraken is built for a global audience with a broader feature set.

Kraken is especially known for its security and regulatory strength. It’s often regarded as one of the safest exchanges out there, with advanced encryption, biometric logins, offline cold storage, and proof-of-reserves audits. On top of that, it’s regulated across multiple jurisdictions, including the US.

In terms of features, Kraken brings a lot to the table. Alongside spot trading, it supports margin and futures, plus quick buy, staking, OTC trades, and an auto-invest option. Its interface is beginner-friendly too, making it easy to manage portfolios, stake assets, and even explore NFTs.

When it comes to fees, the two are somewhat comparable at the entry level. BuyUcoin charges a flat 0.24% for both maker and taker trades. Kraken starts slightly higher at 0.25% (maker) and 0.40% (taker), though those rates drop as your 30-day trading volume increases.

Here’s how they stack up:

Table: BuyUcoin VS Kraken

The trade-off is pretty clear. If you’re in India and want straightforward INR deposits, BuyUcoin delivers. But if stronger security, global fiat support, and a wider range of features are what you’re after, Kraken comes out ahead.

📚 Check Out: Kraken Review

BuyUcoin VS Bybit

Bybit is one of the leading global exchanges, with multiple ways to buy crypto and a massive suite of advanced features. Comparing it with BuyUcoin is like putting a local grocery shop next to a global superstore – one serves a focused community, while the other caters to a worldwide audience.

The first big difference is product range. Bybit lists over 2,000 cryptocurrencies, covering everything from high-liquidity altcoins to meme tokens and niche projects you simply won’t find on BuyUcoin. If choice is what you value most, Bybit is the marketplace.

Then there are the features. Bybit brings margin trading, staking, copy trading, and even a Bybit Card for everyday spending. Its real edge, though, is in derivatives that include hundreds of perpetuals, futures, and options contracts, with leverage up to 200x for those who want it.

Fees are another big separator. Bybit charges a base rate of 0.10%, which can drop further depending on your trading activity. That’s less than half of BuyUcoin’s flat 0.24% fee for both makers and takers.

Here’s a snapshot of how the two compare:

Table: BuyUcoin VS Bybit

Again, it comes down to what you need. If you’re a casual Indian trader looking for a simple way to buy Bitcoin in INR, BuyUcoin’s local-first setup is the easier choice. But if you’re chasing features, variety, and global access, Bybit feels more like a full-scale crypto superstore.

📚 Check Out: Bybit Review

Pros

• Secure and reliable
• Accepts fiat currencies
• Lots of trading options

Main Features

• Reputable exchange
• Accepts fiat currencies
• Offers various trading options

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Pros

• Beginner-friendly
• Secure
• Decent trading and withdrawal fees

Main Features

• Crypto.com Visa Card
• Automated tools & bots
• Ecosystem synergy with CRO

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Pros

• Accepts fiat currencies
• Simple to use
• Supports only trusted cryptocurrencies

Main Features

• A leading cryptocurrency exchange platform
• Best for all type investors
• Accepts fiat currencies

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Conclusions: Is BuyUcoin Right for You?

Wrapping up my BuyUcoin review, I’d say the platform plays a clear role as an India-first exchange, giving local users a simple way to buy and sell crypto directly with INR. It keeps things straightforward with quick buy, spot trading, and systematic investment plans, while also adding small perks like promotions and discounts.

It does offer some institutional-facing features like an OTC desk and API integration, but overall, it still feels a bit limited compared to larger exchanges. Factor in the relatively higher trading fee, and more serious or frequent traders will likely start looking elsewhere for advanced tools and better pricing.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Weichbroth P., Wereszko K., Anacka H., Kowal J.: ‘Security of Cryptocurrencies A View on the State-of-the-Art Research and Current Developments’;

2. Patil P., Sangeetha M.: ‘Blockchain-Based Decentralized KYC Verification Framework for Banks’.