Is Unocoin Legit or Scam bitcoin site? read my in-depth analysis and reviews to clear your doubts and queries. Unocoin.com is one of the most trustable India based Bitcoin exchange having more than 1, 50,000 users. It allows you to buy or sell bitcoin and other currencies using credit card or direct bank account. You can use your funds for recharges, and to load the cards too.
There are so many people in India who are looking for some legit and secure way to buy bitcoin but due to nation’s policy they can’t. Fortunately you can get it now. If you are from India and want to invest in cryptocurrencies like bitcoin then Unocoin is the best platform for you. It allows you to trade bitcoin by following KYC-AML guidelines.
The Unocoin Review
Do you want bitcoin wallet address in India? Then, follow below steps to sign up for a free account. Let’s start Unocoin.com review with the registration process only.
- Go ahead and download their app for Android or iOS
- Enter your email id or password to create an account.
- And verify your identity by providing Pan Card, and bank details.
Unocoin offers various payment options including Net Banking, Payumoney, credit card and direct bank transfer. You can cash your bitcoin or convert it into gift voucher of some leading sites like FreeCharge, Paytm and more.
Fee at Unocoin is reliable and highly competitive too.
They charge 1% transactions fee on buying and selling digital currencies. When you send or receive bitcoins to another Unocoins user, there won’t be any fee. Government imposes IGST of 18% on transaction fee. For example, if transaction fee is Rs 100 (when you buy bitcoin worth Rs 10,000) then there will be additional Rs 18 GST charge which results into total fee of Rs 118. Fortunately, there is no any fee in storing your bitcoin in Unocoin wallet, so you can keep it for long time if you wish.
TIP: History says that Unocoin reduce their charge during festival time on Diwali, Independence Day and more. So, you can plan for that time to save on transaction fee.
How does it work?
Unocoin.com is your digital wallet to trade bitcoin. In fact, it provides you unique address that you can refer every time on buying or selling cryptocurrency. They connect your bank account with digital wallet, so you can withdraw your bitcoin into INR ruppes and/or buy bitcoin using INR. You can operate your wallet from anywhere at any time using Smartphone application.
Also Check: SpectroCoin Review – Is It Scam or Legit?
- Recharge options available,
- SBP( systematic buying plan)
- Altcoin to Bitcoin
- Android app and ios app would be available in phone.
- You can buy/sell and store your Bitcoin.
- Provides 24-hour, 1 w, 1 m and 1 year bitcoin graph.
- Offers refer & earn program to earn bitcoin when you successfully refer friend.
- Reliable transaction fee and no any hidden charges.
- Outstanding customer support by team of experts.
- Sometime due to overall demand, price of Bitcoin at Unocoin differs from actual price. But that theory applies at both buying and selling time, so ultimately you won’t be affected at all.
Is Unocoin.com Legit or Scam Bitcoin Site?
How to know and what to do if Unocoin is Scam? That would be the first question that everybody face while investing into bitcoin. Fortunately, Unocoin is 100% legit site as they fully compliance Indian Govt law. Moreover, there are millions of happy users using them since a long time. Please take a look at below things that Unocoin follow to avoid any fraud and scam.
- Verifying your account
- Use two factor authentications
- Encrypt your full privacy, so nobody can steal your bitcoin.
- Allow you to withdraw without any restrictions.
So that things make them trustable platform.
Hope my Unocoin review help you to decide if it is scam or legit bitcoin exchange. Please share your own thoughts and opinion here.