About Unocoin

Founded in 2013, Unocoin's mission is to bring Bitcoin to billions. It primarily operates as an exchange but also offers wallet services. However, users give up control of their private keys to Unocoin. The platform encrypts private keys and stores them in cold storage using AES-256 encryption. Unocoin supports both Bitcoin and Ethereum and allows users to trade between Indian Rupees (INR), which is a key feature enabling users to avoid going to external exchanges.

Transaction Fees

Unocoin charges a 0.7% fee for buying and selling, and this fee decreases with higher trading volumes. There are no additional transaction fees for sending and receiving between addresses, except for the normal mining transaction fee.

Email Address Transactions

Unocoin enables users to send transactions to the email addresses of other Unocoin users, simplifying the process for those who find cryptocurrency addresses cumbersome.

Wallet Features and Security

Unocoin's wallets are not hierarchical deterministic and do not have multi-signature functionality. Additionally, the code is not open source. However, users can enhance their account security by enabling two-factor authentication (2FA).

Accessibility and Ease of Use

Unocoin is accessible on web browsers, Android, and iOS platforms. It is known for its user-friendly interface and is specifically tailored to the Indian market, offering the most benefits in that region. Global users seeking more versatile wallet solutions with broader cryptocurrency and fiat currency support may explore other options.