Unocoin Crypto-Exchange Review | Fees| Comparison (2024)

Unocoin is one of India's top leading crypto exchange platforms that recorded over 1.5 million users. Unocoin is the first crypto exchange in India that introduced the world's most simplistic Bitcoin POS for offline traders and SIP (Systematic Investment Planning) for Bitcoin to their users. In addition, Unocoin allows its users to create an offline paper wallet with access to a public or private key pair.

Unocoin was founded in 2013, a Bengaluru (Karnataka), India-based crypto exchange platform started by Sathvik Vishwanath, Harish B V, Sunny Ray, and Abhinand Kaseti. Unocoin is one of the leading crypto exchanges that offer BTC (Bitcoin) — INR (Indian Rupees) trading and has listed over 48 cryptocurrencies on its platform.

Unocoin offers Bitcoin Systematic Buying Plan (SBP), allowing the users to invest in Bitcoin by paying a fraction amount weekly or monthly. SBP is an effective way to have a diverse portfolio and wealth growth in the face of market volatility.

Unocoin security is AES-256 compliance where the funds are collected and stored in diverse deposit lockers, ensuring the highest safety and the digital assets are well guarded. In addition, Unocoin API functions are developed with robust AI technology offering a real-time market trading experience.

Unocoin partners

• Paytm: Unocoins payment disbursem*nts partner.
• Zoho: Unocoin ticketing service customer service.
• Passiv: Portfolio management.
• Unstoppable Domain: Safest host for a decentralized system
• Singular: Unify marketing data.
• Send Grid: The world’s largest and highly secured cloud-based email delivery system.
• Mixpanel: Real-time user interaction platform between web and mobile apps.
• InVOID: Offers highly secured KYC verification.
• Changelly: One of the world’s best instant cryptocurrency exchanges offers the best exchange rates for over 200+digital assets.
• Firebase: Google-backed app enables developers to track analytics reports and fix crashes reported by users.

Why choose Unocoin Exchange as your Crypto Exchange partner?

• Unocoin offers the world’s most simplistic Bitcoin POS for offline traders, making it easy for users to trade in Bitcoin.
• In addition to the crypto exchange, Unocoin offers Lending on various crypto exchanges, NETKI (personalized wallet address), Fixed deposits on USDT (Tether), Altcoin Conversion, and Autosell bitcoins, Bitcoin SBP (Systematic Buying Plan), and many more to its premium users.
• Unocoin allows users to build an offline paper wallet with access to a public or private key pair. A paper wallet is one of the secure ways to store cryptocurrency.
• Unocoin is featured among the top 50 FinTech companies in India and picked by Your Story India as the Top 20 Technology Startups for Tech30 2017
• Unocoin is a member of NASSCOM — The National Association of Software and Service Companies.
• Unocoin investors are Digital Currency Group, Boost VC, Blume Ventures, Funders Club, ah! Ventures, Future Perfect Ventures, Dream Incubators, Mumbai Angels, and Huiyin Blockchain Venture.
• Unocoin other investors are including Skype, Twitter, and Tesla after the Indian government lifted the ban on crypto investment in March 2020
• In October 2020, Unocoin raised USD 20 million in Series A funding led by Tim Drapers of Draper Associates.
• Unocoin offers its users the highest secured wallet infrastructure from the world’s most trusted digital asset security company — Bitgo.
• Unocoin’s users can buy BookMyShow gift card vouchers using Bitcoins on the Book My Show website/app.

How to Open a Crypto Trading Account on UNOCOIN?

• Go to website — https://www.unocoin.com/in
• On the right corner of the page, click on "get started."
• Enter your mobile number and set a password. Optional: you can enter a referral code if you have one.
• Enter OTP you have received on your mobile.
• You will be redirected to the "security questions" page, where you will have ten questions, and you will need to answer any six of them.

Ensure to remember the answers in case you are locked out in the future; the security answers will help you to unlock the account.

• Once it's done, you will need to set up the account profile — select anyone: personal or business.
• Enter the email id you wish to register with Unocoin.
• Enter the OTP you received on your Email id. Click on submit.
• Click on "snapshot" and click a clear selfie.

Please note: Unocoin doesn't allow a photo upload in the system due to security reasons. Instead, the user needs to click a selfie picture live.

• Once it’s done, you will need to fill out bank account details and upload a bank statement or bank passbook 1st-page copy or copy of the canceled cheque.
• Click on next and enter your PAN card details, your name as on the PAN card, and your date of birth. Upload your PAN card copy.
• On the next page, you need to fill out your Aadhar card or driving card details (any one) and upload the front and back image of your Aadhar card.
• Proceed for EKYC. Fill out your Aadhar card number and the page will redirect to the NSDL e-sign page. Enter the 4 digit OTP you received on your mobile.
• Once you are done with EKYC, the page will redirect to the next page where you will need to mention your full address and attach the address proof documents.
• Though filling up the "Nominee Details" is optional, it is advisable to add your trusted family or guardian member. In the event of the user's death, the nominee person will receive the crypto asset converted in INR at the current rate.
• On a successful signup and KYC process, you will receive an INR 300 coupon, which you can use to buy Bitcoin. (Please note: the coupon comes with an expiry of 10 days).

Supported Crypto Currencies in UNOCOIN

Unocoin currently supports 48 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) as main exchange digital coins, and Bitcoin/Ethereum (BTC/ETH) as the main pair of exchange. Other cryptocurrencies on Unocoin are — Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), DASH, DAI, SHIB, DOGE, and many more.

How to deposit money and withdraw money in UNOCOIN exchange?

DEPOSIT VIA WEBSITE:

• On the Unocoin website, https://www.unocoin.com/dashboard, click on “go-to wallet”
• In the first row, you will find INR Balance. Click on “Deposit.”
• Enter amount — minimum 1000 and maximum 15,000,000.
• Click on the deposit mode — BANK IMPS/UPI, BANK NEFT/RTGS, or MOBIKWIK WALLET.
• You need to transfer the amount to the given account mentioned on the right. Account details for BANK IMPS/UPI and BANK NEFT/RTGS are different. Kindly ensure the deposit is to the correct account to avoid inconvenience.
• Once you have transferred the amount to the given account number, kindly update the transaction reference number on the next page.
• After the submission is made, it will take 3–4 working hours or up to 24 hours for the amount to reflect in the account.

Please note that the amount will be credited to the Unocoin wallet between 09:30 AM to 08:00 PM (Monday to Sunday).

DEPOSIT VIA MOBILE APP:

• Log in to your Unocoin App.
• Click on the INR tab at the bottom of the page.
• There are four options to deposit the amount on the app — BANK IMPS/UPI, BANK NEFT/RTGS, MOBIKWIK WALLET, and PAYMENT GETAWAYS.
• For the payment via — BANK IMPS/UPI and BANK NEFT/RTGS, different account details are mentioned. Kindly ensure the deposit is to the correct account to avoid delays.
• Enter amount — minimum 1000 and maximum 15,000,000.
• Payment via Mobikwik will attract 2.95% + GST per transaction.
• Once you have transferred the amount to the given account number, kindly update the transaction reference number and the amount you have transferred.
• Once the Unocoin team verifies the transaction, the amount will reflect in your account shortly. However, it will take 3–4 working hours or up to 24 hours for the amount to reflect in the account.

Please note that the amount will be credited to the Unocoin wallet between 09:30 AM to 08:00 PM (Monday to Sunday).

WITHDRAWAL

• On the dashboard, click on “go-to wallet” (for website)/click on INR at the bottom of the page (for mobile app).
• Select the digital asset you wish to withdraw. For instance, BTC.
• Click on withdraw.
• Enter the crypto address and volume you want to withdraw.
• Click on withdraw.
• Once the amount is credited to your wallet, click on the go-to wallet and select INR. Click on “withdraw.”
• Fill in the amount you wish to withdraw and click on “withdraw.”
• Review your bank details and submit them.
• The amount will reflect in your account shortly.

Special Offer by UNOCOIN

Almost every couple of weeks or months, Unocoin comes up with new offers that benefit users and attract new users. For instance, in the past Unocoin team has come up with a contest that offers INR 10,000 Bitcoins to winners with the highest exchange rate of Indian Rupees (INR) to/from Hedera (HBAR).

Keep yourself updated with Unocoin Offers and Contest — https://news.unocoin.com/?cat=6

1. Shake and Earn Satoshis (SATS) daily

   Unocoin currently has an attractive feature that allows users to earn Satoshis daily — Shake and Earn Satoshis Daily. Satoshi (SATS) is the smallest unit of Bitcoin, and 1 Bitcoin is equal to 100,000,000 Satoshis. Therefore, one can buy appx 1761 Satoshi's for USD 1. The feature is available for Unocoin app users for free.

   The user requires to log in to their Unocoin app daily and shake their phone. Then, Satoshis (SATS) will automatically be credited into the Unocoin wallet. Please note that only verified users can use this feature and avail of the free Satoshis (SATS) only once a day.

2. INR 300 Bitcoin for signing up

   Unocoin offers INR 300 Bitcoin to new users after completing their KYC verification.

3. Refer and Earn

   The Unocoin referral program allows the user to earn 15% of the Unocoin transaction fees done by the referrals. Furthermore, the Unocoin referral program doesn’t have any limit; the user can refer to as many friends of families and earn.

   To earn through the referral program, the user has to be verified on Unocoin.

   Referral program via the Unocoin website:

   • Go to the Unocoin website — unocoin.com. Login to your account.
   • On the top left, click on the three lines icon beside your ID.
   • Click on “settings” and scroll down to the “referral icon.”
   • Copy your referral link and send it to your friends.

   Referral program via the Unocoin app:

   • Log in to your Unocoin app.
   • You will see the “refer and earn” icon on the dashboard. Click on it and copy your referral link, send it to your friends.

UNOCOIN Security Feature

Unocoin offers the highest security to ensure the safety of the trading and protect the user's investments. 95% of the crypto assets of Unocoin are stored offline, and the set of multiple addresses is generated on a computer that is never linked to the internet. The addresses (private keys) are stored using AES-256 encryption. In addition to this, the addresses are sealed in envelopes and securely stored in multiple safe lockers.

In addition, to secure wallet services, Unocoin also offers OTP and Google 2FA authentication.

Unocoin recommends their users avoid holding the digital assessments on the exchanges for an extended period. Thus it is advisable to move the coins to a secured wallet in case the users don't perform frequent crypto trading.

Product & Services of UNOCOIN

1. Crypto Exchange

   Unocoin platform lets users buy, sell, and trade cryptocurrencies over fiat and altcoins. Though there are 200+ cryptocurrencies globally, Unocoin offers the 48 best digital assets, including the top 3 cryptocurrencies — Bitcoin (BTC), Ethereum (ETH), Tether (USDT).

2. Lending

   Verified Unocoin users can get a loan in Tether (USDT) against collateral in BTC (bitcoin). Tether is one of the stable coins in the crypto trading market, and Unocoin lending features provide the user loan with the liquidity of Tether without risking selling Bitcoins.

3. Paper Wallet

   Unocoin is one of the few crypto exchanges in India that offers a paper wallet feature to its users. A Paper Wallet is referred to as a paper that contains QR codes, a key that enables cryptocurrency transactions. Paper wallet operates off the internet; therefore, the user is at the least risk of malware or cyber attack.

4. Netki

   Unocoin, in partnership with Netki, allows users to create a personalized wallet address for themselves. Netki is a blockchain ledger provider with KYC-AML (Anti Money Laundering) technology offering users protection against fraud.

5. Auto Sell

   Unocoin's auto sell feature allows the trader to perform automated trading without constantly being glued to the screen. The features are similar to stop-loss in the stock market, where the trader sets a desired selling price of the digital assets. Then, the order will automatically be executed when the price hits the amount.

6. Unocoin API

   Unocoin offers complete API access to their verified users, allowing them to access the crypto market with real-time market data and help traders trade in high volume seamlessly.

Conclusion

Unocoin is one of India's top leading crypto exchange platforms that offer impressive features with robust technology. Unocoin currency has over 45 top global investors and currently serves over 1.5+ million traders. Unocoin is one of the few crypto exchanges that offer SIP on Bitcoins, lending on Tether (USDT) with the lowest interest and Paper Wallet to its users. Even though Unocoin offers 0.5% fees on taker and maker fees which is little more than other crypto exchanges, it provides seamless trading experiences.

Before starting crypto trading in high volume, it is highly advisable to learn from a financial expert to have a better experience and earn good returns.

Frequently Asked Questions: