Unocoin offers access to 120+ cryptocurrencies in 3 markets: USDT, BTC, and INR. Maker and Taker fees are 0.2% and 0.3%, respectively.
The platform provides crypto loans with Bitcoin as collateral up to 50% of the BTC value.
Unocoin; An Introduction to the Exchange
Unocoin, founded in July 2013, was the first cryptocurrency exchange in India. The company was first headquartered in Tumkur, Karnataka, and later moved to Bengaluru.
Companies from 5 countries, including Digital Currency Group, BoostVC, Blume Ventures, and Mumbai Angels, have invested in Unocoin Technologies Private Limited.
The exchange has attracted over 150,000 users and secured $1.5 million in funding from more than 30 global investors, making it one of the most well-capitalized crypto ventures in India.
Unocoin also takes an active role in education and adoption by organizing community events, seminars, and awareness campaigns focused on blockchain and cryptocurrency.
Key features of Unocoin:
- Founders: Abhinand Kaseti, Harish B V, Sathvik Vishwanath, Sunny Ray
- Processed more than INR 30B worth of transactions
- Over 85.73M orders processed
Unocoin Specific Features
The crypto exchange offers various services, including Crypto Wealth Club (portfolio management), Elite Club (priority support and VIP events), and a paper wallet (offline crypto storage).
Exchange | Unocoin |
Launch Date | 2013 |
Levels | No |
Trading Fees | Maker 0.2% Taker 0.3% |
Restricted Countries | Only available in India |
Supported Coins | 120+ |
Futures Trading | No |
Minimum Deposit | INR 100 |
Deposit Methods | INR (Instant Deposit, NEFT, RTGS, IMPS, UPI), Crypto |
Withdrawal Methods | INR (Instant Deposit, NEFT, RTGS, IMPS, UPI), Crypto |
Maximum Leverage | 1:1 |
Minimum Trade Size | N/A |
Security Factors | Paper Wallet, AES-256 Encryption, 2FA |
Services | P2P Trading, OTC Market, Spot, Systematic Buying Plan, Crypto Basket, Earn Program |
Customer Support Ways | Email, Phone Center |
Customer Support Hours | Monday through Friday from 9:30 am to 6:30 pm |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | No |
Unocoin Exchange Pros & Cons
Like any platform, Unocoin has its strengths and weaknesses. Let's take a balanced look at the pros and cons of using this Indian crypto exchange.
Pros | Cons |
User-friendly interface suitable for beginners | Limited to the Indian market |
Variety of specialized trading and investment programs | Complaints about slow customer support response times |
Mobile app with engaging features like "Shake & Earn" | Limited digital assets (120+) |
Offline paper wallet option for enhanced security | Lack of advanced trading tools for experienced traders |
User Levels
We must mention in this Unocoin review that the platform doesn’t provide user levels and fee reductions.
This can be a disappointment for high-volume traders. However, the exchange does offer some special programs for active traders:
- Elite Club: For users who maintain high trading volumes
- Crypto Wealth Club: Premium services and benefits to top traders
Unocoin Fees and Commissions
The exchange charges various fees for Instant Buy/Sell. Also, a government levied IGST of 18% will be charged on the transaction fee.
Coin | Buying Fee | Selling Fee |
BTC | 0.5 | 0.5 |
ETH | 0.7 | 0.7 |
USDT | 0.7 | 0.7 |
Unocoin has implemented a straightforward maker-taker fee structure for spot and peer-to-peer (P2P) trading.
- Maker Fee: 0.2%
- Taker Fee: 0.3%
Unocoin Exchange Digital Assets
The platform lists over 120 cryptocurrencies and offers trading pairs in three markets, including INR, USDT, and BTC. Some popular digital assets available on Unicoin:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Stellar (XLM)
- Basic Attention Token (BAT)
- Dogecoin (DOGE)
It's worth noting that the platform currently lists 24 out of the top 30 cryptocurrencies by market cap.
Leveraged Trading
We must mention in this Unocoin review that it does not offer leveraged trading options.
This decision aligns with the exchange's focus on providing a safe and straightforward trading environment, particularly for newcomers to the crypto space.
Unocoin Exchange Account Opening and Verification
The platform requires users to verify their email address, phone number, residential address, and ID before trading.
#1 Create an Account
Go to the official website and click on “Create Account”. Enter a valid phone number, set a strong password, and submit the OTP received via SMS to proceed.
#2 Verify Identity and Contact Info
Upload a selfie and confirm your email address. This is crucial for activating two-factor security and account recovery.
#3 Complete KYC
Submit your PAN number and upload a valid proof of address (utility bill, bank statement, etc.). These steps finalize your identity verification and unlock full access to the platform’s trading environment.
Unocoin App Download
The exchange provides access to TradingView charts and trading tools through its web-based platform and mobile applications.
Unocoin’s trading platform is built for simplicity, making it especially suitable for beginner traders and first-time crypto users. The interface emphasizes ease of use, enabling users to buy and sell Bitcoin and other supported cryptocurrencies with minimal friction.
Unocoin Security Factors
The exchange prioritizes security by offering multiple innovative features like Paper Wallet.
- Paper Wallet: An offline method for storing and managing cryptocurrencies
- AES-256 Encryption: Encrypting address-private key pairs using AES-256 encryption
- Multi-Location Storage: Storing encrypted keys in multiple safe deposit lockers at different locations
- Two Factor Authentication (2FA): Enabling 2FA for an additional layer of account security
Unocoin Exchange Payment Methods
The platform offers several payment methods for Indian users to deposit and withdraw INR as well as cryptocurrencies.
- INR: Instant Deposit, NEFT, RTGS, IMPS, UPI
- Cryptocurrency
The minimum deposit amount for NEFT, RTGS, and IMPS is INR 1000/day, and the minimum Instant Deposit amount is INR 100/day.
The maximum deposit amount for NEFT/RTGS/IMPS is INR 10.5M/day, and for Instant Deposit, it is INR 200K/day.
While crypto deposits are free of charge, withdrawals incur a variable network fee based on the digital asset.
Unocoin User Satisfaction
There are not many Unocoin reviews on reputable platforms, such as CoinGecko. There are only 11 comments on the Unocoin Trustpilot profile, and they are mostly negative.
- Trustpilot: 2.3 out of 5
- JustDial: 3.6 out of 5 based on 313 ratings
Unocoin Features
The table below is an overview of the additional features and products in the reviewed exchange:
Staking | No |
Yield Farming | No |
Social Trading | No |
Launchpool | No |
Crypto Cards | No |
Unocoin Support Channels
The exchange provides user assistance Monday through Friday from 9:30 am to 6:30 pm via phone calls. Unocoin has also implemented an email address for support.
- Email: support@unocoin.com
- Tel: +917788978910
- Address (Tumkur Office): Unocoin Technologies Pvt. Ltd., Gurudas Building, Opp Axis Bank ATM, SS Puram Main Rd, S.S.Puram, Tumakuru - 572102, India
Investment and Growth Plans
Unocoin offers several investment and growth plans, including the Earn program, Crypto Baskets, Systematic Buying Plan (SBP), Shake & Earn, and Referrals.
- Earn Interest: Up to 7% APY on USDT holdings
- Crypto Baskets: Over 17 crypto portfolios
- Systematic Buying Plan (SBP): Automating the process of purchasing cryptocurrencies over time with no transaction fees
- Shake & Earn: Crypto rewards by shaking mobile devices
- Affiliate: Referral commissions for inviting new clients
- Crypto Lending: Instant cash loans against Bitcoin collateral up to 50% of the BTC value with a 15% annual interest rate
Red Flag Countries on Unocoin
The exchange’s services are only available within India or for Indians. Unocoin is designed mainly for Indian residents and citizens.
The platform does not explicitly list "red flag" countries, but access is generally restricted to users outside India.
Features | Unocoin Exchange | Binance Exchange | Bybit Exchange | MEXC Exchange |
Number of Assets | 120+ | 400+ | 1300+ | 2800+ |
Maximum Leverage | 1x | 1:125 | 1:100 | 1:200 |
Minimum Deposit | 100 INR | $1 | Varies by Cryptocurrency | $1 |
Spot Maker Fee | 0.2% | 0.02% - 0.1% | 0.005% - 0.1% | 0.05% |
Spot Taker Fee | 0.3% | 0.04% - 0.1% | 0.015% - 0.1% | 0.05% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | No | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | No | Yes | Yes | Yes |
Copy Trading | No | Yes | Yes | Yes |
Writer's Opinion and Conclusion
Unocoin provides offers BTC, ETH, and USDT instant buy/sell with fees of 0.5%, 0.7%, and 0.7%, respectively.
The exchange accepts INR transactions via NEFT, RTGS, IMPS, and UPI. It has a rating of 2.3 out of 5 on Trustpilot.