Buda Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- The most popular cryptocurrencies, four South American fiats, high speeds for transactions, large trading volumes, no investment, profitable referral program, the indirect contribution of traders to environmental protection
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- The most popular cryptocurrencies, four South American fiats, high speeds for transactions, large trading volumes, no investment, profitable referral program, the indirect contribution of traders to environmental protection
Our Evaluation of Buda
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Buda is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.22 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Buda clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Buda exchange offers a full range of solutions for comfortable trading with popular cryptocurrencies and tokens. It is a stable platform with high trading commissions, which can be decreased significantly due to increasing trading volume (up to 0.2% for market orders and 0.1% for limit orders). There are no commissions for cryptocurrencies depositing; commissions for withdrawing are the market average (₿0.0001 and equivalent for other assets). The website is equally convenient for novice traders and experienced traders, but it is not suitable for investors, since staking and similar solutions are not implemented here. At the same time, the exchange has a referral program for active traders, which allows you to get stable passive income.
Brief Look at Buda
The Buda cryptocurrency exchange is among the largest exchanges in South America and works with traders worldwide. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Bitcoin Cash, and USDC are traded here. There are four fiats represented and they are the Chilean, Colombian, and Argentine pesos, as well as the Peruvian sol. There are several major options for depositing and withdrawing funds, including direct transfers from bank accounts. The website has no solutions for investors. However, active traders can use the referral program and earn 20% of the amount of invited users’ trading fees. The platform operates stably and is characterized by a modern security system, large trading volumes, and high liquidity. Traders can trade using both the terminal in a browser (standard TradingView) and the website's proprietary mobile application.
- the most popular cryptocurrencies and four South American fiat currencies are traded here;
- the exchange offers a convenient, intuitive trading terminal and its proprietary application for mobile trading;
- the profitable referral program allows you to earn 20% of the trading commissions of invited users;
- 90% of users' funds are stored using the cold method; the exchange has a modern security system;
- no restrictions on trading strategies, impressive limits, and integration of API solutions are possible.
- trading with leading world fiat currencies isn’t available;
- lack of offers for investors, demo accounts, and tutorials for novice traders.
TU Expert Advice
Financial expert and analyst at Traders Union
The Buda.com cryptocurrency exchange has been operating since 2015. The company is headquartered in the capital city Santiago de Chile. The platform is officially registered and operates under the financial laws of Chile. Initially, Buda worked only with traders from South America, but over time it became one of the leading players in the international arena.
At the moment, in addition to cryptocurrencies and coins, trading in the national currencies of Chile, Colombia, Peru, and Argentina is available on the exchange. The pool of assets is small, but the vast majority of traders agree that this is an advantage of the platform, since it offers only the most demanded cryptocurrency resources such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, USDC.
Market orders and limit orders are available. The trading terminal is standard. There is also a mobile version for iOS and Android. During the activity of the exchange, no failures or errors were found. Also, experts didn’t reveal any evidence of fraud or default on obligations to its clients. The exchange stores 90% of user funds via the cold method, and modern encryption technologies have been introduced to enhance security. The KYC verification system is employed on the platform.
A distinctive feature of the Buda exchange is the official partnership with the PIC Foundation, a company dedicated to environmental remediation through offsetting the carbon footprint of IT enterprises. The Buda company transfers part of its income to environmental needs, and this initiative is very important for many traders.
The absence of a call center and demo accounts are often considered among the disadvantages. There are no investment programs, and there are high commissions at the start, which is a disadvantage. With the increase in trading volume, commissions decrease to one of the lowest in the market. Therefore, the exchange can be recommended for traders of all levels. But it is not recommended for investors.
Buda Summary
| 💻 Trading platform: | TradingView, in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, ETH, LTC, BCH, USDC, CLP, COP, PEN, and ARS |
| 💵 Replenishment / Withdrawal: | Bank accounts, and electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 or its equivalent in pesos or sols |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiats |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | The most popular cryptocurrencies, four South American fiats, high speeds for transactions, large trading volumes, no investment, profitable referral program, the indirect contribution of traders to environmental protection |
| 🎁 Contests and bonuses: | n/a |
Go through a simple registration procedure to start trading on the exchange. Next, verify the account (confirm the data) using the KYC system. Without verification, you won’t have access to its full functionality. Having successfully verified your identity, deposit any amount and start trading — the exchange doesn’t impose any restrictions, so you regulate your financial policy and trading strategy. Leverage is not provided, so you can only rely on your own funds. Technical support is available via email. You can also contact representatives of the exchange through its official accounts on social networks (find links in the footer of the site). Please study the trading terms in the table below.
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Commissions & Fees
There are seven trading levels on the site. The trading level is determined by the volume of trades over the last 30 days. For example, at the first level (with a trading volume of up to $2,000), the commission is 0.8% for market orders and 0.4% for limit orders. At the highest, seventh level, trading commissions are already 0.2% and 0.1%, respectively, which is well below the market average.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | up to 1.2% per application | Yes |
Regional differences relate to the funds’ deposit and withdrawal in national currency. These figures are individual for Argentina, Chile, Colombia, and Peru. For example, a fee of 0.6% applies to the deposit and withdrawal of Argentine pesos. Depositing Colombian Pesos requires a fee of 3,000 COP, and the withdrawal fee is fixed at 3,600 COP, plus 4% of the withdrawal amount.
There are no commissions for depositing cryptocurrencies. Commissions are fixed for their withdrawal. For example, ₿0.0001 for Bitcoin and Ξ0.01904 for Ethereum. The average indicators for several websites for comparison are in the table below:
| Broker | Average commission | Level |
|---|---|---|
|
$1.2 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
This cryptocurrency exchange doesn’t have investment programs. It is designed for active trading. You can earn by buying and selling cryptocurrencies, coins, and national currencies. Only the referral program is available from passive earnings.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Buda’s affiliate programs
The Buda cryptocurrency exchange offers a referral program that allows you to earn extra income without trading. Any verified user can participate in the program. To do this, find a personal link in your personal account. You can post it on any site or send private messages.
Each user who comes to the exchange using your referral link, registers, and undergoes verification, becomes your referral. And he will bring you 20% profit of the commissions on all his trading operations.
The referral program is valid for 1 year from the date of registration of the referral. You will not get income from his trades after the expiration of this period. The number of referrals is not limited, the exchange client can invite any number of users to the site using your link. Statistics are presented in the personal account. Find more details about the terms in the "Referral program" section on the official website of the exchange.
User Satisfaction