Buda operates with the local currencies of Argentina, Chile, Colombia, and Peru. The platform allows withdrawals in BTC through the Lightning network
With Buda.com you can buy and sell cryptocurrencies in your local currency. Be it Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH). This exchange of Chilean origin also integrates the spectacular chance of making payments through the Bitcoin Lightning network. All this thanks to a simple interface that allows you to make quick purchases and sales or to trade. In this review, we will tell you everything you need to know about this platform.
What is Buda.com?
Buda.com is a Latin American cryptocurrency exchange that comes from Chile and that operates in 4 countries in the region (Chile, Argentina, Peru, and Colombia). The platform works as a brokerage house since it allows making exchanges in a populated market, under the modality of trading or fast exchanges. It is operating since 2015.
Operations within Buda carry on in 4 different national currencies: Argentine peso (ARS), Colombian peso (COL), Chilean peso (CLP), and Peruvian Sol (PEN). Each of these coins can function in order to buy and sell the four cryptocurrencies available on Buda.com.
Something interesting is that you can operate within Buda.com even if you do not reside within the 4 countries in which the platform operates. Of course, the identity verification must happen with documents from one of these four countries, since this information must match the bank details you provide for withdrawals. Of course, also bearing in mind that Buddha allows withdrawal only to accounts that are in your name.
However, trading operations, or advanced exchanges happen regardless of whether or not they are with your local currency. For example, you have deposited Colombian pesos, and you see that the BTC / PEN pair is moving favorably. So, you could buy BTC with your Colombian pesos and later sell them for Peruvian soles thanks to the trading interface that Buda.com integrates.
Buy and sell bitcoins and cryptocurrencies easily and simply with Buda.com
One of the features that Buda.com offers you is the ability to buy and sell cryptocurrencies quickly thanks to the option of buying and selling fast “Buy / Sell”. This option allows you to trade with all the markets or exchange pairs available within Buda, including the exchanges between the available cryptocurrencies.
The purchases or sales that you make with this option will have a time window of 1 minute, which will freeze the exchange rate during this period until you finally confirm the purchase or sale.
Once the purchase is confirmed, the cryptocurrencies will be available immediately in case you want to withdraw them. To be able to use both this type of purchase and the trading interface, it is necessary that you have at least basic identity verification.
By: Jenson Nuñez.
