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Unocoin – Buy and Sell Bitcoin in India

Avatar Guest Author 3 years ago is India’s most popular bitcoin wallet. The company makes it super easy to securely buy, use and accept bitcoin. Unocoin is one of many bitcoin wallet and broker services that allow users to buy and sell bitcoin, then either let them hold it or send it to an address only the user has control.  Unocoin, with offices in Bangalore and Tumkur, has been providing Bitcoin trading, storage, and merchant processing to the public in India since December 2013.

Unocoin is also India’s number one bitcoin company. It currently holds about 40,000 users registered and with these numbers growing at a fast rate. Unocoin has also surpassed 1 million USD in monthly trade volume since September 2015 and has managed to partner with about 30 merchants and payments wallet across India. The company has also repeatedly marked their presence at various college and commercial events and even sponsored Hackathons.

Unocoin also has its own trading facility and it allows users to store INR within the wallet itself. Unocoin allows users to further protect their funds using 2FA.

Two years ago, the company was funded by Barry Silbert’s company Digital Currency Group (DCG), which in turn is funded by giants like Master Card, American Express, and Goldman Sachs. The $250,000 investment from SecondMarket founder Barry Silbert’s Bitcoin Opportunity Corp was the largest known to date in India’s Bitcoin space. Also, with a large number of people of Indian descent and nationality working abroad, Unocoin is also eyeing the global remittances to India, which, it said, totaled over $70 billion in 2013.

Currently, the company’s biggest efforts are being directed to helping small and medium businesses and merchants in India accept Bitcoin for their products and services. Unocoin charges a fee of 1% to buy or sell bitcoins. With a significant transaction volume on your account, the transaction fee drops to 0.7%. A government levied Service Tax of 14.50% is also charged on the transaction fee. There is a network fee of 0.0002 incurred by Unocoin when you send Bitcoin to an external bitcoin address.

Unocoin is India´s most popular bitcoin exchange and wallet. If you live in India and want to deal with your Bitcoins, Unocoin is the best option.


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