Unocoin
- Overview
- Security
- User Experience
Volume 24H: N
Unocoin is an India-based digital currency trading platform that allows users the possibility of trading and storing Bitcoin. This platform underwent several rounds of heavy seed investments by top companies. Although it offers extensive functionality for a trade platform, Unocoin offers support only for Bitcoin and only Indian citizens.
Unocoin's platform design may not be up-to-date, but it offers extensive functionality. This platform is intuitive to use, the left-sidebar category menu is easy to use, facilitating user access to Unocoin's extensive functions.
Crypto Currencies Support
- BTC
Traditional Currency Support
Language Support
- English
Country Support
- India
Platforms Systems
- — Mobile App
- — Web Interface
Stock Market Options
Unocoin stores their user funds in sealed envelopes in multiple safe deposit lockers. They offer Google authenticator 2FA for wallets. They meet Indian KYC/AML standards and have a good security record. You can also integrate their platform with Blockchain.info, one of the most reputable online wallets. Finally, you have the option of creating your own paper wallet from the platform.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | At Least 80 Of User Funds Are Stored In Cold Storage |
The Unocoin platform is developed and mantained by an Indian company headquartered in Bangalore, India. Unocoin was the highest-funded digital currency startup in India. The company announced it has raised $1.5 million in a Pre-Series A funding round. Unocoin co-founder and CEO is Sathvik Vishwanath.
Summary:
Unocoin is the leading Indian Bitcoin exchange but offers support only for Bitcoin and only for Indian-based users. The platform has been heavily seed-funded by several big companies in India. Recently, Bitcoin wallet and technology giant Blockchain.info is entering the Indian market via a partnership with Unocoin.
| Ease of use | Intuitive |
| Transaction Fees | 0.8% + |
| Deposit/Withdrawal Fee | 0-0.09% |
| Deposit/Withdrawal Fee For Bank Transfer | Unknown |
| Deposit/Withdrawal Fee For Credit Card | N/A |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | 1.1+ |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds through a third party, Send/Receive Crypto
Functionality:
Unocoin provides merchant gateway integration, and a simple and instant way for businesses, traders, e-commerce shops, NGOs, and freelancers to accept Bitcoin as a medium of payment for their products and services. Buying Bitcoin from this platform is instant. Selling it can take up to 3-5 working days.
Most common customer complaint:
— Some users complain about high transaction fees.