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Unocoin Review

5

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Average

Revainrating 3.5 out of 5  
Rating 
3.7
Crypto Exchanges

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Description of Unocoin

Started in 2013, Unocoin is a Bangalore based technology startup and is India’s first entrant into the bitcoin industry. The company operates India’s largest (in Indian customer base) BTC-INR trading platform which enables Indians to buy, sell, store, use and accept bitcoin. At its peak, Unocoin processed transactions worth more than INR 2B per month for its 1,300,000+ customers. In less than 4 years since inception, the company has drawn more than 30 top investors from 5 countries. Unocoin is responsible for industry leading innovations such as the Bitcoin Systematic Buying Plan (SBP), Crypto lending, Crypto interest earning, Bitcoin Point of Sale (POS) App and Bitcoin Over-The- Counter trading (OTC). The company has also launched Unocoin Exchange that lets its users exchange the INR and other listed crypto assets like BTC, LTC, XRP, ETH, BCH, BTG, various ERC20 tokens amongst other users. The startup got featured among the Top 20 companies in The Fintech20: India List, and have won the prestigious titles like ‘The Golden SABRE award’ in financial communications for the project, ‘Bit-by-Bit: Building Bitcoin in India’ and ‘TECH30’ award from YourStory. Unocoin has raised more than $5 million in a Pre Series-A and Series-A round. Funding was sourced from well-known Indian entities such as Blume Ventures, Mumbai Angels and ah! Ventures along with prominent international investors such as Draper Associates, Tano Capital, XBTO Ventures, Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital, Digital Finance Group, Dream Incubators and FundersClub to move faster towards its vision of Making Money Simple through its mission of Bringing Bitcoin to Billions.

Reviews

Global ratings 5
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Type of review

Revainrating 4 out of 5

Unocoin: An Exchanging Administration with Application Cell phones

Discussing Unocoin implies discussing its security and how is set up and accommodated customers. This is an uncommon trade administration with incredible highlights and great availability to the web-based media where the group post dynamic news about the new advances of the stage. It works uniquely in contrast to different trades since it isn't for utilizing it absolutely on the web, yet for downloading it to work area and cell phones.  The beneficial thing about it is that it offer

Pros
  • Despite the fact that it has a low appraising on the worldwide scale, it has offered an extraordinary assistance for a spouse local area where the help is found.
  • It is utilitarian since it is simpler to exchange from cell phones through the application gave.
  • The stage has an exceptionally decent plan. The interface is spotless and coordinated. In basic substance, individuals can discover what they need.
  • It has open channels with great expenses for exchanging BTC, ETH and the steady coin USDT.
Cons
  • A few administrations reported are yet being developed. The organization has not delivered the wallet recently referenced.

Revainrating 3 out of 5

One of Indian big Exchange

Exchange are one of the important tools for your investment. The exchange allows very easy aquisition of cryptocurrencies and I see the need to make review on this particular exchange as it has been performing very well in the market and receive a lot of good report. It is one of Indians biggest exchanges. The unocoin Exchange is a centralised ed exchange, it has gotten my attention literally and how to make these researchers and Test things about it. The essentials a very intuitive user…

Pros
  • It provide users with good platform to carry out there trading activities.
  • The exchange has some good reports on line
Cons
  • I am not impressed by the user interface

Revainrating 4 out of 5

Unocoin: A Trading Service with Application in Mobile Devices

Talking about Unocoin means talking about its security and how is established and provided for clients. This is a special exchange service with great features and good connectivity to the social media where the team post active news about the new advances of the platform. It works very differently from other exchanges because it is not for using it totally on the internet, but for downloading it to desktop and mobile devices. The good thing about it is that it offers great compatibility…

Pros
  • Although it has a low rating on the global scale, it has provided a great service for a wife community where the service is located.
  • It is functional since it is easier to trade from mobile devices through the app provided.
  • The platform has a very nice design. The interface is clean and organized. In simple contents, people can find what they need.
  • It has open channels with good fees for trading BTC, ETH and the stable coin USDT.
Cons
  • Some services announced are yet in development. The company has not released the wallet previously mentioned.

Revainrating 5 out of 5

Unocoin is the largest bitcoin exchange in India.

Unocoin is India’s largest bitcoin company that offers a variety of services, including exchange, payments, transfers and storage of Bitcoins. Obviously it is targeting the local market only, but India, being the second most populous country in the world, is a big enough market.

Pros
  • Convenient Payments.
  • High buy and sell Limits.
Cons
  • Complicated Fee structure.
  • Crypto transaction fees.

Revainrating 3 out of 5

India's most trusted place to trade Bitcoin & Ether.

Writing reviews is based on research only, So if there are any mistakes I made, please correct it in the comments section. The website is decent. If you are in India and plan to use their services, it is best to conduct business with them lightly. There are no prior claims as to most of the hacking issues on their servers where there is customer negligence on security. However, they have transparency and community involvement which is something great.

Pros
  • Exceptionally easy to navigate.
  • They have really attractive referral program.
  • Community Involvement.
  • They have paper wallet too.
Cons
  • Customer service is below average.
  • The verification process is exhausting.