Unocoin is a leading cryptocurrency exchange in India with over $350 million in revenue. The platform was founded in 2013 with the goal “to bring Bitcoin to the billions”. More than 30 top investors from countries all around the world have invested in Unocoin, making it the largest cryptocurrency venture in India. Unocoin primarily operates and services people in India but has a goal to reach global markets as a top player.
Unocoin is headquartered in Bangalore, right above the state bank of India. Indias stance on cryptocurrency is still somewhat shaky, and so the platform is unregulated.
Though Unocoin is primarily a cryptocurrency exchange,they also have a strong focus on providing innovative and revolutionary products centered around a Bitcoin ecosystem. For instance, Unocoin has developed the world’s simplest Bitcoin POS for offline merchants and have introduced Systematic Investment Planning for Bitcoin.
As well, they have developed a sophisticated merchant gateway for accepting Bitcoin payments online. The Unocoin cryptocurrency exchange has done all this and so much more to drive Bitcoin awareness in India. Unocoin frequently hosts meetups, seminars, guest talks, and other collaborations to promote and educate the people on Bitcoin and blockchain technology.
Unocoin was designed top be easy to use and to understand. The platform is solely designed to buy or sell Bitcoin without the use of advanced trading platform features such as advanced charting, technical indicators, and various market orders. That being said, it is clear that Unocoin’s trading platform is marketed towards beginner traders and mass adoption rather than technical and more advanced traders.
Deposit to Unocoin are done using Indian Rupee. The platform’s interface is intuitively designed and keeps things straightforward and transparent.
Unocoin uses the latest security protocols for its platform. Bitcoin is held offline in cold storage, which prevents hacking. The exchanges servers are secured with the latest encryption technology, and users can further secure their accounts using Google Two Factor Authentication to access their accounts and make transactions. To this date, there has been no reported hacks or loss of funds on the exchange.
The customer support service is quite limited with Unocoin as they only offer email support through a support ticket system. This system is very well organized and allows users to easily identify and explain their problem, but many users have reported the system to be very slow.
Unocoin provides an excellent service for simply buying and selling Bitcoin. The exchange is clearly made for beginner traders and mass adoption due to their intuitive design and simplicity.
Protecting Your Cryptocurrency And Staying Safe on Unocoin
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