Pay for mobile pre-paid topup, post-paid & DTH bills using bitcoin

Unocoin is excited to announce that its users can now top-up their mobile phones, pay the mobile post-paid and DTH bills using bitcoin. While we had this feature for more than 4 years before the banking issue in 2018, we are now pleased to bring this back to our customers. On the web, this feature can be accessed by going to SHOP option after login and on mobile apps, our users can find it by going to MORE (the last button on the bottom) and then going to SHOP button.

Team Unocoin

Instant deposits and withdrawals

Unocoin is pleased to announce instant INR deposit and withdraw options. For Inr deposit, a user can make an instant deposit to his INR wallet using Mobikwik wallet. You may use net banking, debit card and credit card to load your Mobikwik wallet. Direct option to deposit INR using net banking is coming by next week. Once the user has INR in your Mobikwik wallet, he would go to Unocoin website or app and go to INR deposit section to initiate the transfer from his Mobikwik wallet. Presently a 2% fee would be deducted from the deposited amount and remaining amount will be credited to his INR wallet.
For an instant INR withdrawal, presently Unocoin is providing 2 new options – IMPS and NEFT. As the bank transfers were taking 1-2 days, now the users can withdraw INR instantly using one of these two options. IMPS option will attract the fee of 25/-   from the money being withdrawn and NEFT will attract the fee of only 15 INR. The NEFT network takes about 1-2 hours to deposit money into the user’s bank account while IMPS is instantaneous. All the fee collected would attract the GST of 18% on top of the fee.
Team Unocoin

Now Buy and Sell USDT directly at Unocoin

In 2013, Unocoin started with the aim to bring accessibility to bitcoin (BTC) for Indians. In 2018, we expanded Unocoin to include the ether (ETH) and now we have introduced a stable coin USDT on our platform. From now onwards, our customers will be able to buy and sell USDT with INR directly from Unocoin without going through the cumbersome bid/ask procedures or facing the hardship of slippage in the price for bulk purchases. The feature is available on both web and mobile app platforms.

USDT is also a base coin in our exchange Unodax and it continues to trade against all our other tokens in the exchange (bid/ask) format.

Team Unocoin

Extending Systematic Buying Plan for Ether

In April 2015, we launched Systematic Buying Plan for bitcoin. Systematic Buying Plan (SBP) is an exciting way to acquire bitcoin (BTC) – the first of its kind that is introduced by Unocoin. Now the Plan is extended to ether (ETH) as well. This is a more conservative approach to investing in bitcoin than spending all your money on bitcoin or ether at once. This technique allows you to commit to a fixed INR amount on bitcoin on a regular schedule regardless of the price. You can invest as little as 50 INR per interval that you choose – be it daily, weekly (you get to choose the day of the week) or monthly (you get to choose the date in the month). You need to fund your INR wallet and schedule the orders to get started with SBP. This feature helps with financial discipline by averaging out your cost and thereby reducing risk resulting in generating better returns. What’s more? There is 0% transaction fee for BTC and ETH that you buy using SBP.

Unocoin has now started accepting INR deposit and withdrawal requests

Post verdict from the Supreme Court that slashed down the notice issued by RBI to banks on 06 April 06 2018, Unocoin is pleased to announce that it has started to accept INR deposit and withdrawal requests. Our bank account information for deposits have changed. Please make a note of our new bank account details on the page where the INR deposit request is created. Also, the customers are requested to update their bank account information if there are any changes to it. INR deposits are anticipated to happen in 2 working hours while the INR withdrawals would need one working day. We are now working on reducing these times with deeper integration to the banking system and providing instant deposits and withdrawals in the future.

While we anticipate a sudden surge in the need for customer service, we are in the process of ramping up our efforts and human resources. Customers are requested to co-operate while we come up to the mark in the next couple of weeks.

– Team Unocoin