What is Buda?
Buda (previously SurBTC) is a cryptocurrency exchange from Chile. It has been active since 2015.
Buda itself highlights three things as their main advantages as an exchange, their selling points to prospective users: (i) it’s secure, (ii) it has liquidity, and (iii) it has a 99.9% uptime. These advantages are all naturally very good, but needs to be tested through time in order for the public to verify that it’s true.
US-investors may not trade here. The reasons for excluding US-investors are primarily of a regulatory nature. The US-legal regime imposes obligations on many companies accepting funds from US-investors. Such obligations include, inter alia, preparing marketing material in accordance with SEC-standards and registering them with the SEC (which is a very burdensome process). Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
Buda Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Buda:
Buda Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.
Buda’s trading fees for takers are 0.80%. This fee is way above the global industry average. The industry average is arguably around 0.25%. It is a positive aspect that Buda discounts the maker fees to 0.40% (but also this fee is much higher than the global industry average). Compared to its Chilean peers, however, Buda’s fees appears more reasonable. There are generally higher fees in South America.
Buda Withdrawal fees
Buda charges a withdrawal fee amounting to 0.000051 BTC when you withdraw BTC. This fee is substantially below the industry average and constitutes an advantage against most other exchanges.
This trading platform offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason.