Unocoin Trading Signals - TU Expert review

Updated: December 08, 2023

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full Unocoin
overview

Unocoin Trading Signals

Information

Unocoin charges a 0.5% fee to buy or sell bitcoin. The clients of the exchange also pay the IGST tax of 18% of the volume to the state of India. Traders who trade for over 60 days and have a trading volume of over USD 2 million are given the Gold Membership. If they are the makers at the exchange, they do not pay the trading fee. Taker fee is reduced to 0.3% in this case. Unocoin does not charge a fee for sending BTC to an email of another client. If BTC is sent to a bitcoin address, the exchange charges a fee of 0.0005-0.0009 BTC depending on the blockchain congestion. INR withdrawal to a bank account is free. Network fees are 0.0005 BTC, 0.01 ETH, 0.02 LTC, 0.0001 BCH. The table below shows an average fee for a USD 1,000 transaction.

Account type	Spread (minimum value)	Withdrawal commission
Standard	5$ — for taker and maker	A fee is charged on withdrawals in cryptocurrencies
Gold	0$ — for maker 3$ — for taker	A fee is charged on withdrawals in cryptocurrencies

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

Copy trading.
Email alerts.
Signals through a blog on the website.
Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Short introduction of Unocoin

Unocoin is an Indian exchange that was established in 2013 and currently services over 2.3 million traders. The list of available assets includes over 80 cryptocurrencies and tokens. In addition to market and limit orders, the exchange also offers advanced order types, such as Split, Ladder and Stack. The fees for buying/selling assets depend on the 30-day trading volume and the type of the order opened by a trader. Traders with large trading volumes pay zero fee (makers) or 0.3-0.5% fee (takers). A deposit can be made from a verified bank account and only in Indian rupees. The minimum is 100 INR, the maximum is 200,000 INR per day.

💰 Account currency:	INR
🚀 Minimum deposit:	100 INR
⚖️ Leverage:	1:1
💱 Spread:	0%-0.5% for makers, 0.3%-0.5% for takers
🔧 Instruments:	Over 80 cryptocurrencies
💹 Margin Call / Stop Out:	No

Unocoin Pros and Cons

👍 Advantages of trading with Unocoin:

•Extensive experience – the exchange was registered in July 2013;

•The minimum deposit is affordable even to cryptocurrency trading beginners;

•The exchange provides loans for different periods for buying assets;

•Free withdrawal of fiat to a bank account;

•Possibility to earn money on holding USDT in your wallet;

•No fee for storing cryptocurrencies;

•Affiliate program, welcome bonus and coupons for various purposes.

👎 Disadvantages of Unocoin:

•Indian rupee (INR) is the only available fiat money;

•Only citizens and residents of India can create an account;

•Zero trading fees are available only for makers with a trading volume over USD 2,000,000.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Unocoin does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

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FAQs

Can trading signals depend on the account type?

Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.

How are the signals provided via a newsletter?

A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.

For what assets can trading signals be provided?

Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.