Unocoin Crypto Exchange Review: Is It the Best Choice for Indian Investors in 2025?

When you're new to cryptocurrency in India, you don't need a platform that does everything. You need one that just works. That’s where Unocoin comes in. Launched in 2013, it’s one of the oldest crypto exchanges in the country - and still one of the few that’s fully registered with India’s Financial Intelligence Unit (FIU). If you’re looking to buy your first Bitcoin without getting lost in complex charts or hidden fees, Unocoin might be your best starting point. But if you're trading altcoins or need fast support, you’ll hit limits fast.

What Makes Unocoin Different in India?

Unocoin isn’t trying to compete with Binance or Coinbase. It’s built for Indian users who want to buy crypto with rupees - no hassle, no foreign bank accounts. You can deposit as little as INR 100 using UPI, NEFT, RTGS, or IMPS. Withdrawals go back to your bank the same way. No crypto-to-crypto swaps. No margin trading. No futures. Just buy Bitcoin, Ethereum, or a handful of other coins, hold them, and sell when you’re ready.

Its biggest advantage? Legitimacy. In a market where exchanges have shut down overnight, Unocoin has stayed open since 2013. It follows KYC rules strictly. Your ID, address proof, and selfie are verified within 24-48 hours. That’s slower than some apps, but it means your money is on a platform that’s legally accountable. For many Indians, that peace of mind matters more than 24/7 support.

How Many Cryptocurrencies Does Unocoin Offer?

Here’s the trade-off: Unocoin supports around 50-60 cryptocurrencies. That’s far less than CoinDCX (which lists over 300) or Bitbns (which has 120+). You’ll find Bitcoin, Ethereum, Litecoin, Ripple, and a few major stablecoins like USDT. But you won’t find newer tokens like Solana, Polygon, or Dogecoin unless they’ve been added recently. If you’re chasing the next meme coin, Unocoin isn’t the place.

Most users stick to Bitcoin. That’s because Unocoin was built as a Bitcoin-first platform. Even now, Bitcoin trading makes up the majority of volume. If you only care about BTC, this isn’t a problem. If you want diversification, you’ll need another exchange.

Fees: Transparent, But Not the Cheapest

Unocoin’s fee structure is simple but not always the lowest. Trading fees are tiered: 0.2% for makers (those adding liquidity) and 0.3% for takers (those taking liquidity). That’s slightly higher than CoinDCX’s 0.1%-0.2% range. Withdrawal fees vary by coin - Bitcoin withdrawals cost around INR 50, Ethereum around INR 100. Deposit fees? Zero. That’s good.

Compare that to Bitbns: they offer free withdrawals and UPI deposits. Unocoin doesn’t support UPI for deposits - only for withdrawals. That’s a real gap. If you’re depositing daily, you’re stuck with NEFT or IMPS, which can take up to 2 hours. Bitbns lets you deposit via UPI in seconds. For active traders, that delay adds up.

Security: One of the Strongest in India

If you’re worried about hacks, Unocoin does things right. Over 95% of user funds are stored in offline, insured cold wallets. They use AES-256 encryption. Two-factor authentication (2FA) is mandatory. They’ve never had a major breach. That’s rare in India’s crypto scene.

They also offer a paper wallet feature - a physical printout of your private key. It’s not for everyone, but if you’re paranoid about online hacks, this is a smart option. Security experts in India often recommend Unocoin for beginners because of this.

But here’s the catch: security doesn’t help if support can’t fix your account. And that’s where things get shaky.

Customer Support: The Weak Link

This is the biggest complaint from users. Unocoin’s support team works Monday to Friday, 9:30 AM to 6:30 PM. No weekends. No 24/7 chat. If you have a problem on Saturday, you wait until Monday.

Users report waiting 2-5 days for responses to ticket-based queries. Reddit threads are full of people stuck with unverified accounts, failed withdrawals, or frozen funds. One user waited 11 days to get their 2FA reset. Another had a withdrawal stuck for over a week. CoinDCX and Bitbns promise under-5-minute responses. Unocoin doesn’t even come close.

If you’re tech-savvy and rarely make mistakes, this won’t matter. If you’re new and make a typo in your wallet address? You’re on your own.

App and Interface: Simple, But Outdated

The Unocoin app is clean. No clutter. No confusing tabs. You tap “Buy,” pick Bitcoin, enter the amount, and confirm. Done. It’s perfect for someone who just wants to buy crypto and forget about it.

They added a fun feature called “Shake & Earn” - shake your phone and get small amounts of Bitcoin as a reward. It’s gimmicky, but it works for beginners. It’s like a digital candy bar that teaches you how to use the app.

But the app hasn’t changed much since 2020. No advanced charts. No limit orders. No stop-losses. No trading bots. If you want to analyze price trends or set automated trades, you’ll need TradingView or another platform. Unocoin doesn’t even let you view your order history beyond the last 30 days.

Unocoin vs. Competitors: Who Wins in India?

Unocoin vs. Top Indian Crypto Exchanges (2025)

Feature	Unocoin	Bitbns	CoinDCX
Cryptocurrencies Available	50-60	120+	300+
Deposit via UPI	No	Yes	Yes
Withdrawal Fees	INR 50-100	Free	INR 20-80
Trading Fees (Maker/Taker)	0.2% / 0.3%	0.1% / 0.2%	0.1% / 0.2%
24/7 Support	No	Yes	Yes
Regulatory Compliance (FIU)	Yes	Yes	Yes
Advanced Trading Tools	No	Basic	Yes

If you want speed, variety, and support - go with Bitbns or CoinDCX. If you want the most trusted, legally safe platform with zero history of fraud - Unocoin wins.

Who Should Use Unocoin?

Unocoin is perfect for:

• First-time buyers who want to buy Bitcoin safely
• People who value legal compliance over features
• Those who don’t trade daily and just want to HODL
• Users who prefer simple apps over complex dashboards

It’s NOT for:

• Traders who need altcoins beyond Bitcoin and Ethereum
• People who need fast customer service
• Users who want margin trading or futures
• Anyone who deposits large sums daily

Final Verdict: Safe, But Stuck in the Past

Unocoin isn’t the most powerful exchange in India. It’s not the cheapest. It doesn’t have the most coins or the fastest support. But it’s one of the few that’s been around long enough to prove it won’t vanish tomorrow. For someone who wants to dip their toes into crypto without risking their money on an unregulated platform, Unocoin is still the safest bet.

If you’re serious about trading, use Unocoin to buy your first Bitcoin, then move larger amounts to CoinDCX or Bitbns for better fees and support. But if you just want to buy, hold, and sleep well at night? Unocoin does that better than almost anyone else in India.

What’s Next for Unocoin?

Unocoin is slowly adding more coins. They’ve started offering USDT and some DeFi tokens. But they’re not chasing trends. They’re staying focused on compliance and Indian users. That’s smart - India’s crypto laws are tightening, and only compliant platforms will survive.

If they fix their support system, add UPI deposits, and update their app with basic charting tools, they could hold their lead. Until then, they’re the reliable old car in a race of electric vehicles. It doesn’t go fast, but it won’t break down.