Buda Exchange, originally known as SurBTC, is a secure and user-friendly platform for buying and selling Bitcoin and other digital currencies. Based in Santiago, Chile, the exchange is developed and operated by a company that serves the cryptocurrency markets in Colombia, Peru, and Argentina. It is widely recognized for its strong security measures and high liquidity. More than 90% of the platform's funds are stored in offline vaults disconnected from the internet, and Buda actively collaborates with traders and liquidity providers.
An Overview of Buda Exchange
Founded in 2015, Buda.com is a company that develops and operates cryptocurrency markets across Chile, Colombia, Peru, and Argentina. The platform is headquartered in Santiago, Chile.
Over the next decade, more than 200 million adults in South America are expected to enter the digital economy. At Buda.com, the team aims to welcome them by providing accessible and secure crypto services. The company believes that technologies like Bitcoin are catalysts for the next major economic revolution—especially for the 65% of the global population still on the fringes of the digital economy.
User-Friendly Trading Experience
Buda offers a dedicated application designed for both investors and hobbyists. Users can monitor their portfolio’s performance anytime and check their cryptocurrency balances converted into their local currency.
The platform serves both beginners and professionals, offering a full suite of tools for trading Bitcoin, Ethereum, Litecoin, and other major cryptocurrencies.
Is Buda Exchange Secure and Legitimate?
Buda Exchange is both safe and legitimate. In a significant move toward broader acceptance, Bancolombia, Colombia’s first commercial bank, began allowing users to transfer funds to and from Buda.com in a pilot program launched in August.
According to Alejandro Beltrán, Manager of Buda.com, this initiative was not part of a regulatory sandbox, nor was it intended to directly influence new regulations. Before the pilot, banking restrictions often limited transfers to crypto exchanges due to financial regulations. Although the pilot did not aim to create new rules, it enabled Buda to expand its services in partnership with a major banking institution.
As part of a government-supported pilot program testing banking services for crypto platforms, Bancolombia allowed its customers to send and receive funds from Buda.com starting in August. Beltrán also noted that the bank would collaborate with the Mexican cryptocurrency exchange Bitso.
In January, Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC), selected nine cryptocurrency companies—from 14 applicants—to participate in a trial of banking services for crypto platforms. The collaboration between Buda.com and Bancolombia was the second such agreement to launch. Earlier, in July, the crypto exchange Bitpoint began working with the Colombian fintech firm Movii and the Panda exchange.
Other major exchanges selected by the SFC, such as Binance and Gemini, also joined similar partnerships with Colombian banks and fintech companies. The Colombian government introduced a regulatory sandbox in September 2020 to broaden its fintech testing environment. Since then, regulators have also issued crypto tax guidelines and anti-money laundering (AML) regulations.
Frequently Asked Questions
Is Buda Exchange available internationally?
Yes, Buda Exchange primarily serves users in Chile, Colombia, Peru, and Argentina, but it may be accessible in other regions with certain restrictions.
What cryptocurrencies can I trade on Buda?
Buda supports several major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), among others.
How does Buda ensure the security of user funds?
The platform stores over 90% of assets in cold storage offline. Additionally, the team continuously monitors and updates security protocols to safeguard user accounts.
Can I link my bank account to Buda Exchange?
In supported countries, users can connect their local bank accounts for deposits and withdrawals, especially through partnerships with established banks.
Is Buda compliant with financial regulations?
Buda operates in accordance with local regulations in each country it serves and participates in official pilot programs aimed at improving compliance and integration with traditional finance.
What should I do if I encounter issues on the platform?
You can reach out to Buda’s customer support team for assistance. The platform is committed to providing a reliable and user-friendly experience.
Buda Exchange emphasizes that no one except the user can access their account or cryptocurrencies. The entire team is dedicated to maintaining system security and continuously improving platform safety. Daily updates and rigorous protocols ensure that users' digital assets remain protected.
For those interested in a platform that combines strong security, regulatory cooperation, and ease of use, Buda is a noteworthy option. 👉 Explore secure trading platforms