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Unocoin Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
Unocoin logo
2.87
Crypto Head Rating
Visit Unocoin

The Bottom Line

Unocoin stands out as a top player among crypto exchange platforms in India, boasting ease-of-use combined with features tailored specifically for traders from various backgrounds.

Unocoin stands out as an ideal platform for Indian traders looking to acquire digital assets through unregulated means, with its emphasis on security and friendly trading environment. It offers excellent customer support as well as user-friendly trading environment – providing users with everything they need for successful digital asset trading in India.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Supports a variety of cryptocurrencies
  • User-friendly interface for beginners
  • Offers a mobile application for trading on the go
  • Provides a secure wallet service
  • Features like Systematic Investment Plan (SIP) in Bitcoin

Cons

  • Higher transaction fees compared to some other exchanges
  • Limited to Indian users only
  • Limited advanced trading features for professional traders
  • Customer support response can be slow
  • Withdrawal process can be time-consuming

Quick Summary

Headquarters Location Bengaluru, Karnataka, India
Fiat Currencies Supported INR
Total Supported Cryptocurrencies 117+
Trading Fees 0.20% - 0.30%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Mobikwik
Support Facebook, Twitter, Instagram, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Unocoin stands as an iconic cryptocurrency exchange platform in India, having established itself with an aim of simplifying bitcoin buying and selling processes for Indian users and their needs in this field of digital assets. Since its conception, Unocoin has expanded to encompass an assortment of digital assets specifically tailored towards Indian users’ requirements in crypto space.

Unocoin homepage

As Unocoin makes waves in India’s cryptocurrency space, its efforts to bridge traditional finance with crypto are evident. By catering specifically to local user preferences and meeting them head on, Unocoin has established itself as more than an exchange; it serves as a bridge into digital economy for many Indians.

As part of its dedication to meeting the evolving market needs, this platform regularly releases updates and feature upgrades designed to optimize user experience while broadening its presence across India’s diverse marketplace.

About Unocoin

Unocoin was founded by Sunny Ray, Harish B V, Abhinand Kaseti, and Sathvik Vishwanath as part of their Bitcoin enthusiast collective in 2013. Quickly becoming one of India’s premier cryptocurrency exchanges due to an ever-increasing demand for digital currencies, Unocoin quickly rose through popularity to become one of its most sought-after exchange platforms.

Unocoin has been at the forefront of India’s Bitcoin revolution with support from prominent backers such as Blume Ventures and Digital Currency Group – often considered the leading Bitcoin company.

Unocoin features

Unocoin is an example of resilience and adaptability within an unstable market. Over the years, its exchange has managed to thrive amid shifting regulatory environments, often caused by changing attitudes among governments towards digital currencies such as India’s.

Unocoin’s journey exemplifies how crypto exchanges can flourish by adapting quickly to market demands while simultaneously building an active community of users who care deeply about digital finance’s future. Led by its founders’ collective vision, Unocoin has been at the forefront of mainstreaming Bitcoin and other cryptocurrencies in India.

Unocoin has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram and YouTube.

Unocoin has a mobile app on both the Apple App Store and Google Play.

Unocoin Supported Cryptocurrencies

Unocoin supports trading on over 117 cryptocurrencies on their platform. This exchange currently supports 24 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • NEAR Protocol (NEAR)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Ethereum Classic (ETC)
  • Kaspa (KAS)
  • Aptos (APT)
  • Monero (XMR)
  • Render (RNDR)
  • Hedera (HBAR)

Download full list of cryptocurrencies Unocoin supports

Trading Experience

Unocoin’s trading experience is tailored to accommodate both novices and seasoned traders alike. For newcomers, the interface provides an accessible path towards trading major cryptocurrencies.

Experienced traders can leverage advanced trading platform features to execute various transaction types. Unocoin’s mobile apps give traders flexibility in trading on-the-go while real-time market data assists them with informed decision-making.

Unocoin offers an engaging trading experience designed to meet the needs of various trader profiles, from those just getting started in crypto to experienced traders looking for comprehensive tools for strategy execution. Unocoin features real-time market data as well as multiple order types which enable traders to execute trades based on precise market movements.

Unocoin’s mobile apps enable trading on-the-go, so users never miss an opportunity – whether on Android or Windows devices. Their seamless integration demonstrates Unocoin’s dedication to offering an accessible trading environment that will support everyone.

Unocoin exchange marketing

Unocoin Fees

Unocoin’s fee structure reveals a meticulous arrangement to meet both novice and high-volume traders’ needs, while transaction fees remain competitive to maintain transparency throughout all processes related to deposits, withdrawals, and trades.

Fees are designed to encourage trading, with various incentives for those engaging more regularly with the platform.

Unocoin’s fee model aims to promote frequent trading while still being fair for occasional users. They have implemented a tiered fee system, with users’ benefits determined by their 30-day trading volume and helping create an exciting trading atmosphere.

Unocoin recognizes its diverse user base by not taking an “one size fits all” approach, offering different fee schedules that accommodate high-volume traders as well as newcomers alike – creating an inclusive ecosystem where all types of traders can participate without incurring prohibitive costs for trading crypto assets.

Type Fee
Deposit Fee (Bank Transfer) 2%
Deposit Fee (Credit/Debit Card) 2%
Trading Fee 0.20% - 0.30%
Withdrawal Fee (Bank Transfer) 15 INR - 25 INR

Unocoin supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC. The average across all other exchanges that we've reviewed is 0.000415 BTC. This means Unocoin charges above the industry average by 20.36%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.

Security - Is Unocoin Safe?

Unocoin has taken extensive measures to safeguard its ecosystem. Adherence to AES-256 encryption standards helps ensure digital assets and user data remain safe.

Verification for new customers is rigorous, underscoring the exchange’s dedication to security. Furthermore, features like safe deposit lockers for Bitcoin provide additional layers of protection for users’ holdings.

Unocoin has taken great steps to ensure its users remain secure by employing amplified security measures like AES-256 encryption standards and providing users with safe deposit lockers and offline paper wallet features to store digital assets safely. This dedication can also be seen through its use of AES-256 encryption standards for storage of digital assets, offering users peace of mind while they store digital assets online or offline paper wallet features provide peace of mind to users.

Verification processes at this exchange demonstrate its stringent approach to security, requiring users to submit bank account and address proof documents in order to be approved as accounts on the platform. Their efforts in strengthening security protocols underscore their understanding that trust is an integral component of crypto exchanges.

Unocoin Customer Support

Unocoin customer support strives to offer prompt and helpful assistance to Indian users, prioritising swiftly responding to user concerns.

Assistance is offered through various channels, such as our robust support ticket system and direct contact avenues – so users can trade with confidence knowing they will always have help when needed.

Unocoin understands the value of customer support is central to its user-centric philosophy, so they have put considerable resources behind providing timely assistance when needed – and that’s why they provide a multifaceted support system designed to assist when and where help is required.

This proactive approach to providing assistance to users demonstrates an awareness that customer service can have a substantial impact on traders, especially within an intricate industry like cryptocurrency trading. With dedicated support channels in place to promptly address users’ issues and maintain user trust and satisfaction.

Unocoin support

Unocoin Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Unocoin

  1. Create Account - Visit the Unocoin website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Mobikwik

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Fiat Currencies Supported
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Final Thoughts

Unocoin stands out as a crypto exchange with a focus on meeting the needs of Indian traders, offering simple and secure trading of multiple digital coins.

Unocoin can provide a comfortable trading environment for both novices and more seasoned traders alike.

Crypto exchanges have emerged as key catalysts of global financial change in recent years. Unocoin platforms such as its Unocoin Exchange play an instrumental role in helping individuals and businesses understand and utilize cryptocurrencies such as bitcoin.

As the industry evolves, its potential for innovation in trading, asset management and financial inclusion becomes greater; exchanges have acted as gatekeepers and facilitators of this digital revolution. According to industry observations, exchanges will likely adapt their services more fully while more seamlessly integrating with traditional financial systems.

Unocoin FAQs

Unocoin, a popular cryptocurrency exchange in India, implements a variety of security features to safeguard its users’ digital assets. These measures include AES-256 encryption for the storage of sensitive data, a robust verification process for new users, and a secure wallet for Bitcoin and other major cryptocurrencies.

Unocoin is backed by reputable investors such as Digital Currency Group and Blume Ventures, which enhances its profile as a trustworthy platform. However, users should always exercise caution and use strong, unique passwords for their accounts, and enable any additional security measures available, such as two-factor authentication (2FA).

Yes, Unocoin adheres to regulatory requirements and mandates a Know Your Customer (KYC) verification process for all its users. This process involves providing personal details, bank account details, and submitting address proof documents to comply with Indian government regulations.

The KYC process aims to prevent fraud and ensure the security of transactions on the platform.

Unocoin does charge transaction fees for trading cryptocurrencies on its platform. These fees contribute to the maintenance of the exchange’s infrastructure, customer service, and the provision of real-time market data.

Fees can vary based on the transaction type and the 30-day trading volume of the user, with maker transactions typically attracting different fees from taker transactions. It’s advisable for users to review the trading fee structure on Unocoin’s website or mobile apps before engaging in trading activities.

Unocoin’s privacy policy outlines how it collects, stores, and uses the personal information of its customers. The policy states that Unocoin takes the security of its users’ data seriously and employs advanced security measures such as AES-256 encryption to protect sensitive information.

The policy also covers the sharing of information with third-party service providers and specifies the circumstances under which information may be disclosed to comply with legal obligations.

To buy cryptocurrencies on Unocoin, you must first register and complete the KYC process. After verification, you can deposit INR via options such as bank deposit or Mobikwik Wallet.

Once your account is funded, you can buy Bitcoin or other supported digital currencies through the trading platform. Unocoin provides a simple process for users to execute transactions, with real-time market data to inform purchase decisions.

The time it takes for a withdrawal from Unocoin to be processed can vary based on several factors, including the type of withdrawal and the user’s bank. Generally, withdrawal requests are processed within standard banking hours and can take from a few hours up to a couple of business days.

Users are encouraged to refer to the Unocoin platform’s guidelines for specific withdrawal timelines and any potential service tax that might apply.

Unocoin charges various fees for its services, including transaction fees for trading and withdrawal fees when users wish to transfer their digital assets out of the platform. The fees can depend on factors such as the currency being traded, the INR trading pair, the 30-day trading volume of the user, and the type of transaction (maker vs taker).

It’s recommended that users consult the detailed price structure and fee schedule provided on Unocoin’s website for up-to-date information.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

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Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

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