Unocoin Review : How to Buy/Sell Bitcoins in India?
Table of Contents
- 1 Unocoin Review
- 2 What is Unocoin?
- 3 How to Register on Unocoin?
- 4 How to Verify Unocoin Account?
- 5 How to Buy Bitcoins in India from Unocoin
- 6 How to Sell Bitcoins in India from Unocoin
- 7 How to Secure your Unocoin Account?
- 8 Unocoin Extra Features
- 9 Unocoin App
- 10 Unocoin Refer & Earn
- 11 Unocoin Alternative
- 12 Conclusion of Unocoin Review
Unocoin Review: In past few days, you may have heard a lot about Bitcoins Right?
What is happening in Bitcoin Industry and Currently the Price of Bitcoin is Rs.192,469 ~ $2967.9 and the price of Bitcoin has almost tripled in the past 2 months.
People are now slowly getting aware of these Crypto Currencies. Now to Invest Money in Bitcoins you’ll need a wallet which can perform all the actions such as send/receive, buy/sell.
If you don’t know about Bitcoins then here is detailed information about what are bitcoins.
Today I’m going to introduce you about an Indian Bitcoin Company i.e Unocoin. I have been using Unocoin for a good time and today in this post I will share my Honest Unocoin Review. 🙂
What is Unocoin?
Unocoin is one of the India’s Trusted Bitcoin Company having more than 150,000 users. Buy and Sell Bitcoins in India from Unocoin. Apart from Buying and Selling Bitcoins, you can Send & Receive Bitcoins. It can also be used to do Prepaid/Postpaid Recharges. Unocoin can be accessed from the Website and Unocoin also has an Android & iOS App. 🙂
Unocoin is committed and has single-handedly driven the bitcoin awareness program in India. With a series of meet-ups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the recent times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.
This was all about the What is Unocoin and in the further part, I will share more about that How to Registers, Buy/Sell Bitcoins in India and some more Unocoin Tips and Tricks.
How to Register on Unocoin?
1.) Register on Unocoin from here.
2.) Next, Enter your Email Address and Password.
3.) Verify your Email & Mobile Number.
The Registration process is simple just like registering on any Website but now the next step is to Verify your Unocoin Account because if you don’t have a verified Unocoin Account you cannot buy, sell, send, receive bitcoins or any features. So I highly suggest you Verify your Unocoin Account to use Unocoin Services. 🙂
How to Verify Unocoin Account?
Verification Process on Unocoin is also simple and it may only 3-5 working days.
- Pan Card
- Aadhar Card
- Photo Copy of Yourself
While submitting all these documents make sure all are having good quality and they are following their guidelines. If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.
Pro Tip: If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App. 🙂
After your Unocoin Account Verification, you can daily Trade maximum of 20 Bitcoins only.
How to Buy Bitcoins in India from Unocoin
In Unocoin there are basically 2 different Wallets one is the INR Wallet and another is Bitcoin Wallet.
To Buy Bitcoins from Unocoin you’ll need to Add Funds in your INR Account and then later use that to Buy Bitcoins.
- INR Wallet
- Payumoney Balance (Additional 1.9% processing fee applies)
- Netbanking ( Additional 1.9% processing fee applies)
You may maintain an INR balance in your Unocoin account which you may use to buy bitcoin instantaneously. Complete the form above before you transfer INR to our bank account. We do not accept cash deposits and you will need to use NEFT/RTGS/IMPS from your registered bank account only. Once you transfer INR, come back to this page and update the REFERENCE NUMBER of your transfer against the deposit order you created. Once we receive INR into our bank account, your DEPOSIT order will be processed in 3-4 working hours but may take up to 24 hours. Our processing hours is between 10 AM to 7 PM on weekdays (Mon-Sat).
We can only hold your INR in your INR wallet for up to 90 days. If you do not completely use your INR balance within 90 days, we will refund the remaining balance back to your bank account. We have limits on the amount of INR you may hold in your INR balance. We have accounts with State Bank of India to which you may send INR payments.
Now that you’ve successfully added funds to your INR Wallet now you can easily Buy Bitcoins 🙂
1.) Open Unocoin Dashboard.
2.) Click on Buy Bitcoin.
3.) Now Enter the Number of Bitcoins you want to purchase or you can also Enter a Specific Value such as 50,000 INR to Purchase and it will be converted into Bitcoins.
You will be charged Rs.1978 as Transaction Fees and Rs.297 as Taxes. (1% Transaction Fees)
You can use the Payment Methods mentioned above such as INR Balance, Payumoney Balance & Netbanking.
How to Sell Bitcoins in India from Unocoin
1.) Open Unocoin Dashboard.
2.) Click on Sell Bitcoins.
3.) Now Enter the Number of Bitcoins you want to Sell or you can also Enter a Specific Value such as 1,000 INR to Sell and it will be converted into Bitcoins.
You will be charged Rs.10 as Transaction Fees and Rs.2 as Taxes. (1% Transaction Fees)
To Receive your Payments you can either add it your INR Wallet or you can also send it to your Bank Account.
How to Secure your Unocoin Account?
1.) Click on Security Option from Left Menu.
2.) Click on 2Fact Auth (Enable Secondary Password (Google Authenticator))
3.) Click on Enable
4.) Now just Install the Google Authenticator App on Device.
5.) Next, Click on Activate and Scan the Barcode or Enter it in the Google Authenticator App.
Now, whenever you have to Login on Unocoin yo have to Enter the Secondary Password from Google Authenticator App 🙂
Unocoin Extra Features
Unocoin has really Cool Extra Features such as:
- OTC (Over the Counter)
- SBP (Systematic Buying Plan)
- Auto Sell
- Altcoin to Bitcoin
Unocoin also has a Mobile App for both Android & iOS users.
Unocoin App Features
- 24-hour Graph
- Bitcoin Wallet
- INR Wallet
- Buy/Sell Bitcoin
- Send/Request Bitcoin
- Transaction History
- Add Bank Reference No.
- Add/Withdraw INR
- Systematic Buying Plan
- Recharges/DTH/Top up Wallets.
Unocoin Refer & Earn
Unocoin has recently started a New Referral Program on their App where you can Free Paytm Cash of Rs.10 for Each Referral.
Apart from Rs.10 Paytm Cash, you can also Earn 15% of their Transaction Fees forever.
Terms & Conditions
- Unocoin reserves the right to change or cancel the referral scheme anytime.
- Referral money is always paid in bitcoin (considering the average price of buy and sell at the time of order processing).
- Only verified members are allowed to refer friends to Unocoin.
- As your referral money is paid as a gift there are no TDS deductions and you will be responsible for your taxes if any.
- Referral bonus is subject to change with the availability of offer with the third party.
Currently, Zebpay is one the Best Unocoin Alternative but there are many Unocoin Alternative such as Coinsecure, Coinmama, Localbitcoins.
Conclusion of Unocoin Review
According to me, Unocoin is one of the Best Bitcoin Companies in India having all the features like buy/sell, send/receive, recharges/topups, etc.
I hope you found this post helpful and this was my Honest Unocoin Review and in the Next Post, I will also share about some Websites to Earn Free Bitcoins, Best Bitcoin Wallets.
If you want to Earn Money Online Without Investment you can check out my Recent Post about Snuckls Review
If you want to know more about Bitcoin trading you can check out Noob’s Guide for Bitcoin Trading by Nirmal Sarkar.
Note: This Unocoin Review is not a paid Review by Unocoin 😛
If you found this Unocoin Review Helpful then do share it with your friends and help them also to understand more about Bitcoins. 🙂