Topic: Stay away from Unocoin.com !! slowest and poorest service on bitcoin network (Read 5840 times)
August 23, 2017, 01:49:01 AM
Been using Unocoin since 2015. No problem at all. Earlier, I had to wait 2 hours for my money to show up in my account but now I can instantly transfer my money to Unocoin to purchase bitcoins. Minimum buy is Rs 1000. Minimum withdrawal to your bank account is also Rs 1000. If you make a withdrawal early in the day, you'll get your INR by evening. The only minus point I find with Unocoin is their high rates. Rates at Coinsecure are lower the last time I checked.
August 22, 2017, 12:40:30 PM
Unocoin is nice startup may be you have had bad experience with them 
...
Bitcoin buy/exchange services in india
https://www.youtube.com/watch?v=V-QAxLEq7lE&t=15s
...Bitcoin buy/exchange services in india
https://www.youtube.com/watch?v=V-QAxLEq7lE&t=15s
August 21, 2017, 05:14:00 AM
Well Unocoin is one of the reputable exchanges and an early adopter to bitcoin. Yes there have being couple of instances of security lapses but I think once instance they gave the btc back which were withdrawn from users wallet. I think Unocoin team should reply here exactly what is happening and what steps they are taking which will give confidence among its users and community too.
August 21, 2017, 04:28:37 AM
Unocoin is a scam stay away worst ever exchange.
https://bitcointalksearch.org/topic/unocoin-ico-2082742
https://bitcointalksearch.org/topic/unocoin-ico-2082742
Unocoin is one of the best exchanges in India. Spamming negative comments in this forum probably wouldn't do anything to their reputation.
August 20, 2017, 03:48:19 PM
Unocoin is a scam stay away worst ever exchange.
https://bitcointalksearch.org/topic/unocoin-ico-2082742
https://bitcointalksearch.org/topic/unocoin-ico-2082742
June 04, 2016, 03:40:18 PM
So there's manual approval by the team at Unocoin, but then that wouldn't be really necessary. Considering that all the KYC documents and PAN ID proof has been submitted the process should be automated henceforth. I found that doing an RTGS and/or IMPS through a trusted LocalBitcoin trader was the quicker way to buy and sell Bitcoins.
really?so what about this article
https://bitcointalksearch.org/topic/please-somebody-help-me-i-got-scammed-exchanging-bitcoin-222674 ?
this person was scammed by a trusted trader in localbicoin.i think trading with person is more risky than trading with exchange. i also scammed one time on localbitcoin for 5000rs from a trusted seller.so now i only buy and sell with exchange.
.i don't know why people trade with stranger by keeping their money on risk just for hide their privacy.may be they shy while sharing documents to any exchange.
is coins defined by any things? if you give me stolen btc i will sell all in exchange with my id proof.there will be no problem.
June 04, 2016, 11:35:29 AM
So there's manual approval by the team at Unocoin, but then that wouldn't be really necessary. Considering that all the KYC documents and PAN ID proof has been submitted the process should be automated henceforth. I found that doing an RTGS and/or IMPS through a trusted LocalBitcoin trader was the quicker way to buy and sell Bitcoins.
really?so what about this article
https://bitcointalksearch.org/topic/please-somebody-help-me-i-got-scammed-exchanging-bitcoin-222674 ?
this person was scammed by a trusted trader in localbicoin.i think trading with person is more risky than trading with exchange. i also scammed one time on localbitcoin for 5000rs from a trusted seller.so now i only buy and sell with exchange.
.i don't know why people trade with stranger by keeping their money on risk just for hide their privacy.may be they shy while sharing documents to any exchange.
is coins defined by any things? if you give me stolen btc i will sell all in exchange with my id proof.there will be no problem.
June 04, 2016, 05:20:21 AM
So there's manual approval by the team at Unocoin, but then that wouldn't be really necessary. Considering that all the KYC documents and PAN ID proof has been submitted the process should be automated henceforth. I found that doing an RTGS and/or IMPS through a trusted LocalBitcoin trader was the quicker way to buy and sell Bitcoins.
really?so what about this article
https://bitcointalksearch.org/topic/please-somebody-help-me-i-got-scammed-exchanging-bitcoin-222674 ?
this person was scammed by a trusted trader in localbicoin.i think trading with person is more risky than trading with exchange. i also scammed one time on localbitcoin for 5000rs from a trusted seller.so now i only buy and sell with exchange.
.i don't know why people trade with stranger by keeping their money on risk just for hide their privacy.may be they shy while sharing documents to any exchange.
June 03, 2016, 09:44:45 PM
So there's manual approval by the team at Unocoin, but then that wouldn't be really necessary. Considering that all the KYC documents and PAN ID proof has been submitted the process should be automated henceforth. I found that doing an RTGS and/or IMPS through a trusted LocalBitcoin trader was the quicker way to buy and sell Bitcoins.
really?so what about this article
https://bitcointalksearch.org/topic/please-somebody-help-me-i-got-scammed-exchanging-bitcoin-222674 ?
this person was scammed by a trusted trader in localbicoin.i think trading with person is more risky than trading with exchange. i also scammed one time on localbitcoin for 5000rs from a trusted seller.so now i only buy and sell with exchange.
.i don't know why people trade with stranger by keeping their money on risk just for hide their privacy.may be they shy while sharing documents to any exchange.
June 02, 2016, 02:26:53 AM
I think all exchanges in India have the standard policy of 3 confirmations. Let see if any of them in coming time can make it to 2 confirmations.
We do intend to do that sometime down the line. One stats I can share here is that at Unocoin, every transaction among 300k+ transactions that got the first successful confirmation always has got confirmed eventually. So in theory we could just wait for one confirmation only if we are not too risk averse.Regards
May 31, 2016, 01:24:35 PM
I think all exchanges in India have the standard policy of 3 confirmations. Let see if any of them in coming time can make it to 2 confirmations.
May 31, 2016, 01:19:01 PM
Hello Indian brothers,
I want to tell all my Indian friends.. "Don't use unocoin.com for wallet services or buying / selling bitcoins.."
They are peoples hungry for money.. Adding heavy services charges and fees on buying.. And pay less for sold bitcoins...
If some one send u bitcoins.. U have to wait for 6 confirmations before u can touch ur bitcoins.(means 3-4 hour) . It's totally against bitcoins moto..
They making thr own rules.. Also according to the rules each bitcoins u send will be manually approved by admin before it transfered recivers wallet.. It takes 1 hour to 5 hour.. Can't say if u in hurry and need bitcoins.. Wait for admin to approve it all day.. Myself waited 2 day for btc I sent to a local shop for payment. And waited 1 hour standing for bitcoin transaction and no option left to call friend for help.. ( and if its holiday and u want to send bitcoins.. Simply forgot that u can..) ..
That's totally insane rules and procedures .. If u don't want to wait all day or pay heavy fees on each transaction or buying/ selling of bitcoins.. Stay away from this compny..
If we together leave thr service.. We can teach them a lesson..
Tell this to any indian bitcoin or unocoin user u know.. And tell them to stay away from unocoin.com
Thanx friends..
I belive my friends will not face what I faced ...
I want to tell all my Indian friends.. "Don't use unocoin.com for wallet services or buying / selling bitcoins.."
They are peoples hungry for money.. Adding heavy services charges and fees on buying.. And pay less for sold bitcoins...
If some one send u bitcoins.. U have to wait for 6 confirmations before u can touch ur bitcoins.(means 3-4 hour) . It's totally against bitcoins moto..
They making thr own rules.. Also according to the rules each bitcoins u send will be manually approved by admin before it transfered recivers wallet.. It takes 1 hour to 5 hour.. Can't say if u in hurry and need bitcoins.. Wait for admin to approve it all day.. Myself waited 2 day for btc I sent to a local shop for payment. And waited 1 hour standing for bitcoin transaction and no option left to call friend for help.. ( and if its holiday and u want to send bitcoins.. Simply forgot that u can..) ..
That's totally insane rules and procedures .. If u don't want to wait all day or pay heavy fees on each transaction or buying/ selling of bitcoins.. Stay away from this compny..
If we together leave thr service.. We can teach them a lesson..
Tell this to any indian bitcoin or unocoin user u know.. And tell them to stay away from unocoin.com
Thanx friends..
I belive my friends will not face what I faced ...
Bitcoin has NO official 'moto',, if it does, I'd say, Bitcoin's decentralization is a lie... A big one..
Unocoin is a exchange site, not a wallet, if you want a wallet, either 1) go Electrum 2) go Blockchain.info 3) Go Bitcoin Core 4) Go anything else that I don't care about.
May 31, 2016, 12:19:31 AM
Also accepting that 6 confirmations are bit longer nearly double in the average case than any other websites require, btcxindia requires 3, coinsecure requires 3, loanbase requires 2, POP requires 3, local bitcoins requires 3. Most international exchanges require 3. I don't know what security they achieve with this extra 3 confirmations.
mostly me too seen many platform including exchange, trading sites,cloud mining, payment for shopping required maximum 3 network confirmation. and bitcoin.org also says that after 3 conformation bitcoin is secured. there will be no chance to reverse the coin.
so in my mind question is too why they need extra 3 conformation?
Since two months we only need 3 confirmations in total to credit your wallet.
Regards
May 30, 2016, 11:45:20 PM
yes...unocoin is safe..
May 30, 2016, 03:11:38 PM
is purchase bitcoin from unocoin safe ?
May 30, 2016, 01:42:05 AM
I have used Unocoin in the past. By Indian standards, it is both a reliable and reasonably decent customer service. They are bound by Indian law and have to do certain things rigorously to stay in business.
May 29, 2016, 03:30:54 PM
So there's manual approval by the team at Unocoin, but then that wouldn't be really necessary. Considering that all the KYC documents and PAN ID proof has been submitted the process should be automated henceforth. I found that doing an RTGS and/or IMPS through a trusted LocalBitcoin trader was the quicker way to buy and sell Bitcoins.
really?so what about this article
https://bitcointalksearch.org/topic/please-somebody-help-me-i-got-scammed-exchanging-bitcoin-222674 ?
this person was scammed by a trusted trader in localbicoin.i think trading with person is more risky than trading with exchange. i also scammed one time on localbitcoin for 5000rs from a trusted seller.so now i only buy and sell with exchange.
May 28, 2016, 10:58:27 PM
So there's manual approval by the team at Unocoin, but then that wouldn't be really necessary. Considering that all the KYC documents and PAN ID proof has been submitted the process should be automated henceforth. I found that doing an RTGS and/or IMPS through a trusted LocalBitcoin trader was the quicker way to buy and sell Bitcoins.
really?so what about this article
https://bitcointalksearch.org/topic/please-somebody-help-me-i-got-scammed-exchanging-bitcoin-222674 ?
this person was scammed by a trusted trader in localbicoin.i think trading with person is more risky than trading with exchange. i also scammed one time on localbitcoin for 5000rs from a trusted seller.so now i only buy and sell with exchange.
May 28, 2016, 10:50:47 PM
Also accepting that 6 confirmations are bit longer nearly double in the average case than any other websites require, btcxindia requires 3, coinsecure requires 3, loanbase requires 2, POP requires 3, local bitcoins requires 3. Most international exchanges require 3. I don't know what security they achieve with this extra 3 confirmations.
mostly me too seen many platform including exchange, trading sites,cloud mining, payment for shopping required maximum 3 network confirmation. and bitcoin.org also says that after 3 conformation bitcoin is secured. there will be no chance to reverse the coin.
so in my mind question is too why they need extra 3 conformation?
May 28, 2016, 10:39:52 PM
Yeah right I don't use them because for bitcoins they need our bank and nformation very bad this guys are scammers will sell our information so don't use this type site that need our information be safe
lol.i can't stop my laughing. did you ever used any other exchange besides unocoin or simply tell me some exchange names which give you permission to avail buying selling bitcoin without asking your personal detail?i think here is not any exchange like this type.may be but they all are scam.
now let me describe something,nowadays carder(one who buy hacked credit card or send money from others bank account) are abusing bitcoin by buying bitcoin with those hacked cc.so if owner of cc complain that his/her money was debited to this account number (exchange).the owner of exchange will be fucked.
so that's why they need and ask you to store yiur documents in their database.
you just have to believe them they already getting too much profit and big legit company.so they will not put themselves in trouble by selling your data just fir few money.
hope it will help you.
Jump to: