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2.30 

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Verified Member MouthShut Verified Member
Indore India
Best amongst the present!
Oct 16, 2017 01:32 PM 7360 Views (via Android App)
(Updated Oct 16, 2017 01:30 PM)

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Bitcoin the most popular cryptocurrency of the world and fastest growing currency as well. But how to trade? I had this doubt. So I searched on internet and found some websites. But still which is best so I downloaded Unocoin because it was giving 200 rs as promotional balance. Then I got my account verified.Sharing my 7 months of experience of using Unocoin for trading bitcoin. Firstly because money matters the most, I have researched a lot on bitcoin and I was constantly watching the price of bitcoin. I got to know that for learning point of view I should invest a small sum of money so that I don't have much to loose. So I invested a sum of 1000 Rs in bitcoin not many websites allow us to invest such a small amount of money but Unocoin does.So basically it's a wallet through which we can trade bitcoin, and do other stuffs such as Recharge book movies, etc. To add money in wallet we have 3 options IMPS, NEFT, RTGS. And minimum 1000 have to be added. And we can buy bitcoin for as low as for Rs 200.Unocoin charges 1.0% fee for buying bitcoin. And 18% of fee that is charged by bitcoin. For example if you buy bitcoin worth Rs 1000 1% of fee Is charged that is Rs 10 and 18% of 10 Rs which is 2 Rs is GST. So to buy a bitcoin worth Rs 1000 12rs of fee is charged.So the bitcoin price fluctuate and we can sell the bitcoin when we want. So while selling bitcoin we are again charged 1% fee and 18% GST of the fee.Also in the digital world crimes are increasing day by day so the question arises is it safe? I would say I am quite satisfied with the security. Also we are asked to change the password in very 2 months. Also we are verified by 2 ways one is by password and another is by Google authenticator.The layout and design of the mobile application is quite good and simple. It is user friendly. The only thing is the fee is high which can be bit low.


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