Unocoin Review 2025: Features, Pros & Cons, How to Trade, and Alternatives

Unocoin is one of India’s most established cryptocurrency exchanges, serving as a bridge between traditional finance and the digital asset ecosystem. Since its inception in 2013, the platform has focused on providing easy access to cryptocurrencies for Indian residents, especially those new to the blockchain space. With its user-friendly interface, support for INR deposits, and focus on Bitcoin adoption, Unocoin has carved out a niche in India’s evolving crypto landscape.

This comprehensive guide explores Unocoin’s pros and cons, features, registration process, deposit and withdrawal methods, trading interface, alternatives, and frequently asked questions.

Pros of Unocoin

Unocoin offers several advantages, particularly for Indian investors seeking a reliable entry point into cryptocurrency trading:

• INR Integration: Users can deposit and withdraw Indian Rupees using UPI, IMPS, NEFT, and bank transfers.
• User-Friendly Interface: Both the mobile app and web platform are designed with simplicity in mind, making them suitable for beginners.
• Bitcoin SIP Feature: Unique to Unocoin, the Bitcoin Systematic Investment Plan allows users to automate crypto investments over time.
• Recurring Buy: Investors can schedule regular purchases of cryptocurrencies to average out costs.
• Regulatory Compliance: Unocoin mandates full KYC, ensuring alignment with Indian regulatory frameworks.
• Mobile Accessibility: A highly rated mobile app available on both Android and iOS platforms.
• Security Features: Two-factor authentication (2FA), PIN-based app access, and wallet encryption for better protection.

Cons of Unocoin

While Unocoin offers many useful features, it also has limitations that may affect advanced traders and those looking for broader crypto exposure:

• Limited Cryptocurrency Listings: Unlike global exchanges, Unocoin supports only a handful of major cryptocurrencies.
• Relatively High Trading Fees: Trading fees start at 0.7%, which is higher than many competitors.
• No Derivatives or Margin Trading: The platform lacks options for futures, leverage, or options trading.
• Slower Customer Support: Some users report delays in ticket resolution and customer service response.
• No NFT or DeFi Integration: The platform currently doesn’t offer access to decentralized finance or NFT marketplaces.

What is Unocoin?

Unocoin is a Bengaluru-based cryptocurrency exchange founded in 2013 by Sathvik Vishwanath and Abhinand Kaseti. It was created with the goal of simplifying access to Bitcoin for Indian users. Over the years, it has evolved into a platform that supports multiple crypto-assets and fiat transactions while prioritizing regulatory compliance and user education.

The exchange primarily targets retail investors and beginners, offering a straightforward experience to buy, sell, and store cryptocurrencies. It is widely regarded as one of India’s first movers in the crypto space and has received backing from prominent investors, including Blume Ventures and Digital Currency Group.

Features of Unocoin

Unocoin provides a suite of features tailored to Indian crypto investors:

1. INR Wallet and Deposits

Unocoin allows users to deposit INR directly into their exchange wallets using multiple payment methods, including UPI and bank transfers. This seamless fiat integration is vital for first-time crypto users.

2. Bitcoin Systematic Investment Plan (SIP)

A standout feature, the Bitcoin SIP allows users to invest small amounts at regular intervals. This promotes disciplined investing and helps mitigate market volatility.

3. Crypto Wallet

Unocoin offers a secure, built-in digital wallet to store Bitcoin and other supported assets. Wallets are protected with PIN access and multi-layer security.

4. Recurring Buy Orders

Recurring buy enables users to automate purchases of cryptocurrencies on a daily, weekly, or monthly basis, helping with cost-averaging strategies.

5. Price Alerts and Portfolio Tracker

Users can set real-time price alerts and track their asset holdings through the dashboard. The app offers live charts, historical price data, and profit/loss summaries.

6. Security Infrastructure

Unocoin employs two-factor authentication (2FA), SSL encryption, and manual withdrawal confirmation to keep user funds safe. Assets are stored in a mix of hot and cold wallets.

How to Open an Account at Unocoin

Creating an account on Unocoin is a straightforward process that can be completed within minutes:

1. Visit the Unocoin Website or Download the App
   Access Unocoin.com or install the Unocoin app from the App Store or Google Play Store.
2. Sign Up
   Click on “Sign Up” and enter your mobile number. You will receive an OTP for verification.
3. Create Your Profile
   Enter your email address, full name, and create a strong password.
4. Set Up Security
   Enable two-factor authentication and set your app PIN.
5. Start KYC Process
   KYC is mandatory for all users before deposits and trading can begin.

Unocoin Registration and KYC

KYC (Know Your Customer) is required under Indian regulations. Here’s how to complete your verification:

1. Upload PAN Card
   This is used to validate identity and comply with income tax laws.
2. Submit Government-Issued ID
   Options include Aadhaar card, passport, or driver’s license.
3. Facial Verification (Selfie)
   A live selfie is used to confirm your identity with your documents.
4. Approval Timeline
   Most KYC verifications are completed within 24–48 hours.

Once verified, users can deposit funds, trade cryptocurrencies, and withdraw INR to their bank accounts.

How to Deposit Funds at Unocoin

Unocoin supports INR deposits via a range of payment methods:

1. Log in to Your Account
   Access the Unocoin dashboard or app.
2. Navigate to INR Wallet
   Click on “Deposit INR.”
3. Choose Payment Method
   Select UPI, NEFT, IMPS, or bank transfer.
4. Follow Instructions
   Send the payment using the provided details. Be sure to match the account name.
5. Confirmation
   Deposits typically reflect within a few minutes to several hours, depending on the method.

Minimum deposit is usually ₹100, though this may vary based on your verification status.

How to Trade on Unocoin

Unocoin offers a basic spot trading interface for users to buy and sell cryptocurrencies.

Steps to Trade:

1. Go to Buy/Sell Section
   Accessible from the dashboard.
2. Select Cryptocurrency
   Choose from available assets like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), etc.
3. Enter Amount
   Input how much INR you wish to spend or how many tokens you want to buy.
4. Review Market Rate and Fees
   Confirm the transaction with all applicable fees shown upfront.
5. Place Order
   Submit your trade. The purchased tokens will reflect in your wallet immediately.

There’s also a live market page showing real-time prices and order book depth.

How to Withdraw from Unocoin

Users can withdraw both fiat (INR) and cryptocurrency from their Unocoin account.

For INR Withdrawals:

1. Go to INR Wallet
   Click “Withdraw INR.”
2. Enter Amount and Bank Details
   Funds will be sent to your linked account.
3. Verify Transaction
   Complete OTP and app PIN verification.
4. Processing Time
   Usually 1–2 business days depending on the bank.

For Crypto Withdrawals:

1. Navigate to Withdraw Crypto
   Choose the cryptocurrency to withdraw.
2. Enter Recipient Wallet Address
   Be sure it’s accurate — transactions are irreversible.
3. Verify Transaction
   Complete OTP and 2FA verification.
4. Wait for Confirmation
   Most withdrawals are processed quickly, though some may take longer due to network congestion.

Unocoin Alternatives in India

If you’re looking for platforms that offer broader features or more tokens, consider these alternatives:

1. WazirX

India’s most popular exchange with support for 250+ cryptocurrencies and Binance integration.

2. CoinDCX

Known for low fees and fast KYC. Offers margin trading and staking.

3. ZebPay

One of the oldest crypto exchanges in India, known for strong security and high-volume trading.

4. Binance

A global platform with advanced tools, though it lacks direct INR deposit options post-2022 restrictions.

Each alternative has its pros and cons depending on whether you value simplicity, range of assets, or advanced trading tools.

Conclusion

Unocoin remains a solid choice for Indian users who are new to cryptocurrency. Its focus on compliance, INR integration, and features like Bitcoin SIP make it ideal for long-term investors. While it lacks the depth and asset variety of global exchanges, its simplicity and regulatory alignment make it a trustworthy option in the Indian market.

For beginners looking to take their first steps in crypto, Unocoin is a great starting point. However, advanced users may consider using it alongside other platforms like WazirX or CoinDCX for a more complete trading experience.

Frequently Asked Questions (FAQ)