Cryptocurrency trading platforms have evolved rapidly, offering users more choices than ever. Among them, Buda stands out as a prominent exchange in South America, serving traders globally with a focus on simplicity and regional accessibility. This in-depth review explores Buda’s features, fees, security, supported assets, and user experience to help you determine whether it aligns with your trading goals.
Overview of Buda Exchange
Buda is a cryptocurrency exchange founded in Chile and operating across several Latin American countries. It supports popular digital assets like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and USDC, along with four South American fiat currencies: Chilean Peso (CLP), Colombian Peso (COP), Argentine Peso (ARS), and Peruvian Sol (PEN).
The platform emphasizes speed, high liquidity, and ease of use for both beginners and experienced traders. While it lacks advanced investment tools such as staking or copy trading, it provides a solid foundation for spot trading through an intuitive interface powered by TradingView.
Despite its regional strengths, Buda scores 3.14 out of 10 in overall reliability according to independent assessments—highlighting concerns around regulation and limited global availability.
Key Features at a Glance
- Trading Platform: Web-based TradingView terminal + mobile apps (iOS and Android)
- Account Types: Standard only
- Leverage: 1:1 (no margin trading)
- Minimum Deposit: $1 USD or equivalent in supported fiat/crypto
- Supported Instruments: 9 cryptocurrencies + 4 fiats
- Order Execution: Market and limit orders
- Security: 90% cold storage, two-factor authentication (2FA)
- Referral Program: Earn 20% of referred users’ trading fees
Security and Regulation
Buda receives a moderate 5.25/10 for security and regulatory compliance. While it has never suffered a successful hack and uses robust security practices, it lacks formal government oversight.
Security Highlights
✅ No history of breaches
✅ 90% of funds stored in cold wallets
✅ Two-factor authentication (2FA) enabled
Regulatory Gaps
❌ Not regulated by any government authority
❌ No Tier-1 regulation (e.g., U.S., EU, UK)
❌ No investor protection fund
Compared to regulated platforms like Kraken or OKX, Buda falls short in institutional safeguards. However, its use of cold storage and mandatory KYC verification adds a layer of trust.
Is KYC Required?
Yes. All users must complete Know Your Customer (KYC) verification before accessing full trading functionality. This includes submitting identification documents and confirming personal details.
Is Buda Regulated?
No—Buda operates without official regulatory licensing from major financial authorities. While common among regional exchanges, this increases risk for international users seeking legally compliant platforms.
Fees and Commissions
Buda earns a 6.45/10 for its fee structure—competitive but not the lowest in the market.
| Fee Type | Buda | Industry Average |
|---|---|---|
| Maker Fee | 0.1% | 0.15% |
| Taker Fee | 0.3% | 0.194% |
| Deposit Fee | 0% | Varies |
| Withdrawal Fee | ₿0.0001 / 0.005 ETH | Market standard |
Fees decrease with higher trading volume, making Buda appealing for active traders. There are no deposit charges, though withdrawals incur standard network fees.
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Deposit & Withdrawal Options
Rated 4/10, Buda's funding methods are limited compared to global exchanges.
Available Methods:
- Bank wire transfers
- Cryptocurrency deposits/withdrawals
Missing Options:
- Credit/debit cards
- PayPal
- Peer-to-peer (P2P) transactions
While bank transfers are supported, the absence of card payments and P2P limits convenience for many users.
Minimum Deposit:
- $1 USD or USDT
- 0.00001 BTC
This low entry barrier makes Buda accessible to new traders.
Supported Coins and Markets
With only 9 supported cryptocurrencies, Buda scores just 2/10 in asset diversity.
Supported Assets:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- USDC
- DAI
- XRP
- LINK
- MATIC
Missing Features:
- No futures or perpetual contracts
- No options trading
- No NFT marketplace
- No staking or yield farming
Unlike platforms such as OKX or Kraken, Buda does not offer passive income opportunities or derivatives—making it unsuitable for investors seeking diversified portfolios.
Trading Tools and Mobile Experience
Buda scores 7.35/10 for its trading tools—its strongest category.
Key Features:
- Full TradingView integration with advanced charting
- Real-time indicators and drawing tools
- API access for automated trading
- Mobile apps for iOS and Android
However, the platform lacks:
- Trading bots
- Copy trading
- Desktop application
- Price alerts
Despite these limitations, the mobile experience is smooth, secure (with 2FA), and ideal for on-the-go trading.
Does Buda Have a Desktop App?
No standalone desktop app exists. Users access all features via the web browser version, which offers the most complete functionality.
Availability by Region
Buda complies with international sanctions and is unavailable in over 100 countries—including the UK, Canada, Australia, Germany, Japan, and Nigeria. However, it is available in the United States, though state-level restrictions may apply.
Always verify availability based on your location via the official website.
Frequently Asked Questions (FAQ)
Q: Is Buda safe to use?
A: Buda uses strong security measures like cold storage and 2FA, but the lack of regulation increases risk. It's best suited for users comfortable with less-regulated platforms.
Q: Does Buda support USD trading?
A: No direct USD trading is available. However, you can trade using USDC or deposit local fiat currencies like CLP or COP.
Q: Can I earn passive income on Buda?
A: No. Buda does not offer staking, yield farming, or interest accounts.
Q: How do I withdraw funds from Buda?
A: After completing KYC, go to the withdrawal section, select your asset, enter the amount and wallet address, then confirm using 2FA.
Q: Does Buda have a referral program?
A: Yes. You can earn 20% of your referrals’ trading fees—a valuable perk for active traders promoting the platform.
Q: Is there a demo account on Buda?
A: No. Beginners must trade with real funds, which increases risk for inexperienced users.
Final Verdict: Who Should Use Buda?
Buda is best suited for:
✅ Active traders in South America
✅ Users seeking simple spot trading
✅ Those prioritizing local fiat support
✅ Traders interested in referral earnings
But avoid Buda if you need:
❌ Margin or futures trading
❌ Staking or passive income
❌ Global fiat support (USD/EUR)
❌ Regulatory assurance
While functional and user-friendly, Buda’s limited scope and regulatory gaps make it less ideal for long-term or international investors.
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