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Topic: Unocoin: Buy, Use and Accept Bitcoin in India (Read 5613 times)

legendary
Activity: 1258
Merit: 1001
December 08, 2015, 05:34:10 AM
#26
The Unocoin website has the following text


The value of bitcoin has gone up more than 7,000% over the past 2 years.
As the number of bitcoins are limited, the value is expected to grow significantly over the long term.


You might want to update the text on price movement during the last 2 years.  Wink
Yo yo, thank you for pointing out. Will get it done Smiley
legendary
Activity: 1358
Merit: 1000
The Unocoin website has the following text


The value of bitcoin has gone up more than 7,000% over the past 2 years.
As the number of bitcoins are limited, the value is expected to grow significantly over the long term.


You might want to update the text on price movement during the last 2 years.  Wink
legendary
Activity: 1258
Merit: 1001
Added money to unocoin before being able to purchase, said deposit will take between 2 hours to 24 hours. i was okay with it. price was 20600, eventually had to buy when price was 21200. no problem. exactly what your website said happened and i was fine.

bought 1 btc at 21200, website said immediate transfer to address mentioned. and just like it said, 1 btc showed up in my wallet. perfect.

so i spend the rest of my money, buy approx 5 btc, and expect transfer to happen immediately, like your website says. but it didnt. not for the next 8 hours.

This is not what is said on your website. btc price fell 15 usd in the meanwhile. Not acceptable.
Hello Shahadil,
The reason why your second withdrawal was pending because you had tried to withdraw more than 5 btc in 24 hours time and also that our server was running low on bitcoin to process this transaction. When the large withdrawal happens during mid night or during our non working hours, there are less resources who could approve your withdrawal till morning.
full member
Activity: 202
Merit: 100
Added money to unocoin before being able to purchase, said deposit will take between 2 hours to 24 hours. i was okay with it. price was 20600, eventually had to buy when price was 21200. no problem. exactly what your website said happened and i was fine.

bought 1 btc at 21200, website said immediate transfer to address mentioned. and just like it said, 1 btc showed up in my wallet. perfect.

so i spend the rest of my money, buy approx 5 btc, and expect transfer to happen immediately, like your website says. but it didnt. not for the next 8 hours.

This is not what is said on your website. btc price fell 15 usd in the meanwhile. Not acceptable.
legendary
Activity: 1258
Merit: 1001
Lazy ?? We have difficulty in knowing when to take rest lol

Sure we are processing order on same day or next day. Most likely you will get payment today itself if you sell with in 5pm.
full member
Activity: 202
Merit: 100
Damn, havent been using you guys for a while. If you all process INR withdrawls late in the evening, it would be so much easier.
Um, I can see you did some trading recently. We process INR withdrawal multiple times in a day and our last batch is at 7pm. What is the exact issue you are facing ?

Well the reason i stopped trading some time back was because you took 2-3 days to for the withdrawl of INR. and also on top of that there were 4 withdrawls which were pending, 3 of small amounts and 1 of big amount and the big amount transaction had been done first. However, you all processed 3 small withdrawls after 2 days, and when i called i was told that they wanted to clear more transactions (not more amount) thats why the smaller ones were cleared first, and the next one was finally cleared after opening a ticket. The issue being, i trade mostly at night, and it would be great for Imps withdrawls from your end by 9-10 Pm. Waiting for next day kind of puts me off trading completely. Also do you all process on weekends?
Oh, ok yes i remember this. It happens when we run out of INR liquidity due to high sell volumes. No matter what, the maximum time we take is 3 working days but most of times it is the same business day or next business day. We do not do IMPS but we use NEFT. The number of orders we process every day is humongous and we do not do it by manually entering every order but upload an excel sheet that gets generated by our server to bank website and get it processed. As per my discussion with the bank, the rules/regulation of IMPS does not allow this kind of business purpose.
NEFT only works up to 7pm and it is when we stop processing orders as well. So we cannot process withdrawals and send money at 9-10pm nor we can process it during weekends as we pay through NEFT only. We are in the process of exploring a different possibility with one of the nationalized banks and if it works, we will be able to process and send money with in 1 hour.

so that is the reason. i was thinking you guys are just plain lazy. will be selling some today. hoping for same day processing.
legendary
Activity: 1258
Merit: 1001
Damn, havent been using you guys for a while. If you all process INR withdrawls late in the evening, it would be so much easier.
Um, I can see you did some trading recently. We process INR withdrawal multiple times in a day and our last batch is at 7pm. What is the exact issue you are facing ?

Well the reason i stopped trading some time back was because you took 2-3 days to for the withdrawl of INR. and also on top of that there were 4 withdrawls which were pending, 3 of small amounts and 1 of big amount and the big amount transaction had been done first. However, you all processed 3 small withdrawls after 2 days, and when i called i was told that they wanted to clear more transactions (not more amount) thats why the smaller ones were cleared first, and the next one was finally cleared after opening a ticket. The issue being, i trade mostly at night, and it would be great for Imps withdrawls from your end by 9-10 Pm. Waiting for next day kind of puts me off trading completely. Also do you all process on weekends?
Oh, ok yes i remember this. It happens when we run out of INR liquidity due to high sell volumes. No matter what, the maximum time we take is 3 working days but most of times it is the same business day or next business day. We do not do IMPS but we use NEFT. The number of orders we process every day is humongous and we do not do it by manually entering every order but upload an excel sheet that gets generated by our server to bank website and get it processed. As per my discussion with the bank, the rules/regulation of IMPS does not allow this kind of business purpose.
NEFT only works up to 7pm and it is when we stop processing orders as well. So we cannot process withdrawals and send money at 9-10pm nor we can process it during weekends as we pay through NEFT only. We are in the process of exploring a different possibility with one of the nationalized banks and if it works, we will be able to process and send money with in 1 hour.
full member
Activity: 202
Merit: 100
Damn, havent been using you guys for a while. If you all process INR withdrawls late in the evening, it would be so much easier.
Um, I can see you did some trading recently. We process INR withdrawal multiple times in a day and our last batch is at 7pm. What is the exact issue you are facing ?

Well the reason i stopped trading some time back was because you took 2-3 days to for the withdrawl of INR. and also on top of that there were 4 withdrawls which were pending, 3 of small amounts and 1 of big amount and the big amount transaction had been done first. However, you all processed 3 small withdrawls after 2 days, and when i called i was told that they wanted to clear more transactions (not more amount) thats why the smaller ones were cleared first, and the next one was finally cleared after opening a ticket. The issue being, i trade mostly at night, and it would be great for Imps withdrawls from your end by 9-10 Pm. Waiting for next day kind of puts me off trading completely. Also do you all process on weekends?
legendary
Activity: 1258
Merit: 1001
Damn, havent been using you guys for a while. If you all process INR withdrawls late in the evening, it would be so much easier.
Um, I can see you did some trading recently. We process INR withdrawal multiple times in a day and our last batch is at 7pm. What is the exact issue you are facing ?
full member
Activity: 202
Merit: 100
Damn, havent been using you guys for a while. If you all process INR withdrawls late in the evening, it would be so much easier.
legendary
Activity: 1258
Merit: 1001
When was it 0%. I thought it was 0.69%

Also how come my limit is 10 btc per day, whereas you mention 15 btc here, and also initially when I signed up I had read that the limits will keep on increasing progressively but have remained fixed for me from the beginning?

It is 0.69% and not 0%

Our gold members are getting 15 btc per day as the limit. We increased the daily limits from 0.1 btc on day 1 to - 0.2, 0.5, 1, 2, 5 and now 10 since 8 months or so. Right now, we are providing gold status for customers of significant volume. You are 10% less than what we need to get you to gold status - so you are almost there Smiley

Regards
full member
Activity: 202
Merit: 100
When was it 0%. I thought it was 0.69%

Also how come my limit is 10 btc per day, whereas you mention 15 btc here, and also initially when I signed up I had read that the limits will keep on increasing progressively but have remained fixed for me from the beginning?
legendary
Activity: 1258
Merit: 1001
I never understand 1 thing for unocoin ever.

You guys charge premium for buying/selling then again you guys charge service fee too.

Normally site either charge premium or charge service fee. But Unocoin charging both.


We do not buy or sell to international exchanges to consider their rates and price accordingly. Our rates are the prices where buyers at Unocoin meet sellers at Unocoin. On our platform this is usually at a higher rate than international exchanges or even exchanges in India. Also know that we offer upto 15btc at that fixed price. The other factors include buying and selling pattern on our platform and also our stock to determine our price.

Lot of times the sellers get more money even after premium and fee as compared to global prices.
legendary
Activity: 2562
Merit: 1064
I never understand 1 thing for unocoin ever.

You guys charge premium for buying/selling then again you guys charge service fee too.

Normally site either charge premium or charge service fee. But Unocoin charging both.

legendary
Activity: 1258
Merit: 1001
Hi!

Thanks for the 0% transaction fee! GL guys!  Wink
It is 0.69% fee for the rest of the month. On behalf of 69th Independence Day.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
Hi!

Thanks for the 0% transaction fee! GL guys!  Wink
legendary
Activity: 1258
Merit: 1001

Unocoin.com down - under maintenance  Sad
Got back in 2 hours. Thanks for bumping this thread though Smiley
legendary
Activity: 1020
Merit: 1000

Unocoin.com down - under maintenance  Sad
legendary
Activity: 1258
Merit: 1001
December 29, 2014, 10:57:16 AM
#8
Hello sir,

I am trying to register an account at unocoin.com but I keep getting "Signup error" "Missing email or password" ?
I tried several times but same error every-time.
In the form on home page, enter your email id and type in a new password your are willing to assign to your Unocoin account and then hit the SIGN UP button. Let me know if this still do not help.

Hello
I m glad I could provide you the needed assistance through IMs and have got you started. You can redirect any other queries to [email protected] which will be tracked and solved in a systematic way.


Regards
legendary
Activity: 1258
Merit: 1001
December 27, 2014, 11:32:30 AM
#7
Hello sir,

I am trying to register an account at unocoin.com but I keep getting "Signup error" "Missing email or password" ?
I tried several times but same error every-time.
In the form on home page, enter your email id and type in a new password your are willing to assign to your Unocoin account and then hit the SIGN UP button. Let me know if this still do not help.
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