Unocoin Crypto Exchange: What It Is, How It Works, and What to Watch Out For

When you’re looking to buy your first Bitcoin in India, Unocoin, a crypto exchange founded in 2013 and one of the first regulated platforms in India. Also known as India’s oldest crypto exchange, it lets users trade Bitcoin, Ethereum, and a few other coins using Indian Rupees (INR) through bank transfers and UPI. Unlike global giants like Binance or Coinbase, Unocoin was built for local users—no complex international wire transfers, no confusing KYC hoops beyond what Indian law requires. It’s simple: deposit INR, buy crypto, hold it, or sell back when prices move.

But Unocoin isn’t just a trading platform. It also offers a wallet, a built-in digital storage tool that lets users keep their crypto without needing a third-party app. This makes it popular among beginners who don’t want to juggle multiple apps or worry about private keys. Still, this convenience comes with trade-offs. Since Unocoin holds your keys by default, you’re trusting them with your assets—something you wouldn’t do on a fully decentralized exchange like KnightSwap. And while it’s one of the few Indian platforms that follows RBI guidelines and has AML/KYC checks in place, it’s not listed on major global audit reports or regulated by international bodies like the SEC or FCA. That’s why many users compare it to Digitex, a zero-fee exchange with low liquidity and questionable transparency. Unlike Digitex, Unocoin has real users, real volume, and a working customer support team—but its fees are higher, its coin selection is limited, and its mobile app has been criticized for crashes during market spikes. If you’re in India and want to buy crypto with a bank account, Unocoin still works. But if you’re trading more than a few thousand rupees, you’ll want to know how it stacks up against WazirX, CoinDCX, or even global platforms that support INR deposits.

The posts below cover real user experiences, fee comparisons, and red flags to watch for when using Indian crypto platforms. You’ll find reviews of exchanges like Bitaroo and Coinrate, breakdowns of how stablecoins like USDT work in India, and warnings about fake airdrops targeting new users. Some posts expose outright scams—like Bitsoda and Zeddex—that mimic real platforms. Others dig into how validator nodes or tokenomics shape long-term value. Whether you’re holding Bitcoin for years or just trying to avoid getting ripped off, these guides give you the facts—not the hype.