Unocoin Wallet, a well-known cryptocurrency exchange for bitcoin cash, has a remarkable record with over 1.5 million clients. To date, the trading orders for user-invested currencies have reached 8.82 million. Unocoin’s crypto exchange aims to make Bitcoin coins available to billions of people. Indian transaction company Unocoin aims to become a well-known cryptocurrency enterprise in India, and establish itself in international markets. Unocoin’s unique feature is its simplified curation and processing of Bitcoin POS transactions, which is a lucrative opportunity for offline traders.
Unocoin is a cryptocurrency exchange that offers advanced trading options for bitcoin purchases in the FinTech world. This Unocoin review will discuss how it works, its main features and other details.
Table of Contents
Summary of Unocoin Crypto Exchange
| Official Website | https://www.unocoin.com/ |
| Headquarters | India |
| Found in | 2013 |
| Native Token | None |
| Listed Cryptocurrency | 30+ |
| Trading Pairs | N/A |
| Supported Fiat Currencies | INR |
| Supported Countries | India |
| Minimum Deposit | Rs1000 |
| Deposit Fees | 1.90% |
| Transaction Fees | Takes Network Fee |
| Withdrawal Fees | Depends on currency |
| Application | Yes |
| Customer Support | FAQs, Mail, Live Chat, Phone, & Submit Form |
What is Unocoin?
Unocoin, India’s largest bitcoin exchange, allows Indian investors to trade Bitcoin cash. The platform allows investors to use, buy and trade orders as well as market Bitcoin exchanges. Unocoin Wallet’s true purpose and focus is to become a prominent player on the global markets. Its focus is on crypto-assets at an international market level, making it easy for Indian clients and users in India to fund.
It was founded in 2013 and became a pioneer in Bitcoin. It currently resides in Bangalore, India. This Indian-based digital currency group is revolutionizing as a platform for digital assets to purchase Bitcoin tokens or Ethereum (ETH tokens) at the current market stance.
The Unocoin cryptocurrency exchange platform added a variety of elements to its exchange platform in order to guarantee enhanced services. Unocoin Wallet aims to provide high-quality, reliable and guaranteed trading platform assistance to its users. They will make a significant contribution to the development of cryptocurrency trading as their unique features are designed to offer the best cryptocurrency system.
Unocoin Features
It is India’s largest BTC exchange. These are some features that you will want to know if trading is possible on this platform.
Fees
Although the Unocoin fee structure may be complex, it is clear that the total fee for buying or selling Bitcoin is stated. This section will explain what constitutes the total fee to buy or sell Bitcoin. All fees are calculated on the INR value, not Bitcoin.
- All buy and sell orders are subject to a 0.7% commission. If users buy/sell more than 100 BTC, they can have this fee reduced to 0.5%.
- Unocoin also charges a 15% government-imposed service tax on transactions for sending and receiving Bitcoins. The Bitcoin network congestion will affect the transaction fee.
- A 0.4% maker fee
- A taker fee of 0.6%
Fairness and Security
Unocoin uses the most current security measures to protect their users’ funds and information. All Bitcoins that are stored on the exchange are kept in safe, secure cold storage wallets. The coins are not vulnerable to hackers. Users can access their accounts via Google Two Factor Authentication, which encrypts them with the most recent encryption technology. There have been no hacks or losses of funds reported on the exchange to date. All users are treated equally as only one account is available to them all.
Both the pros and cons
Pros
- It is extremely easy to use and navigate
- Bitcoins kept in cold storage
- High liquidity
- Recommendation Program
Cons
- Limited options and slow customer service
- Bitcoin is the only digital asset
- It is difficult to verify your identity.
- Fees & Bitcoin prices can be higher than those of other popular cryptocurrency exchanges
Conclusion
Unocoin is a great service to buy and sell Bitcoin. Because of their simple design and intuitive interface, the exchange is well-suited for beginners and mass adoption. Although the services provided are excellent, it would be great to see more features added to the platform. Additionally, Bitcoin is not the only cryptocurrency that can be traded. It would be great to have other digital assets as well. The Bitcoin exchanging service is fantastic.