Buda
Buda
A custodial Chilean exchange with dual CMF and SFC licensing, around 600K users and a focus on tax compliance across LATAM. Its main limitation is low volume, in niche markets within the region.
Data & conditions
| Maker / Taker fee | 0.5% / 0.8% |
|---|---|
| Markets | Spot |
| Max leverage | 1× |
| Supported assets | 15+ |
| Trading pairs | 20+ |
| 24h volume (as of Jun 15) | $595.45K |
| Fiat on-ramp | Yes |
| Deposit methods | bonifico bancario (conto intestato all'utente) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | LATAM · 4+ countries |
| Regulator | CMF Chile, SBS Peru, Colombia Financial Superintendence |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | CMF Cile CMF (Cile); SFC (Colombia) |
Strengths
- Doppia license CMF+SFC; 600K users; conformità fiscale LATAM.
- No notable sovereignty advantage documented.
Weaknesses
- Volume reduced; markets of nicchia.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (CMF (Cile); SFC (Colombia)): reporting to authorities and freezes on order.
Verdict
Dual CMF (Chile) and SFC (Colombia) licensing, together with an explicit focus on tax compliance, gives Buda credible protection in markets where regulation is still rare, and that supports the B score. The limitation is structural: with around 600,000 users and low volumes in niche markets, liquidity is modest and the 0.8% taker fee is among the steepest in the category.
Buda is custodial with full KYC and a marked emphasis on tax compliance, which makes it the opposite of a sovereign tool: cooperating with tax authorities implies full traceability of transactions. There is no self-custody, no privacy, no trustless component. Through this lens the judgment is low regardless of the regulatory quality that gives it value elsewhere.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
What are Buda's fees?
On Buda, spot fees are maker 0.5% / taker 0.8%. They drop with monthly volume and VIP tier.
Is Buda regulated in Europe?
Regulatory status of Buda: CMF (Cile); SFC (Colombia). Licence: CMF Cile (CL).
Does Buda publish Proof of Reserves?
Proof of Reserves publication is not documented for Buda. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.
Can I send transfers to third-party IBANs from Buda?
No, Buda is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.
Does Buda support derivatives and futures?
Buda does not offer derivatives: it focuses on spot trading.
Sources
- Official service page Maker/taker fees · Regulatory framework · Derivatives · Legal name · +2 Data verified on Jun 15, 2026
- coingecko.com 24h volume · Volume data · Third-party audit Data verified on Jun 15, 2026
- crunchbase.com Stock ticker · Stock listing · IPO date · Latest funding round · +1 Data verified on Jun 15, 2026
- organismo-am.it OAM Italy registry Data verified on Jun 15, 2026
Show 3 more sources
- soporte.buda.com Deposit methods Data verified on Jun 15, 2026
- tradingfinder.com Founders · Trading pairs · Max leverage · Geographic availability · +2 Data verified on Jun 13, 2026
- trustpilot.com Trustpilot reviews Data verified on Jun 13, 2026