Mandatory 2 factor authentication from 1st June 2015

Posted at 8:20 pm on May 22, 2015 under Service

As a part of our attempt to increase the security of our verified customer accounts, we will be mandating the 2 factor authentication from 1st June 2015. You will need to go through 2 factor authentication during login and while sending bitcoins out of your Unocoin wallet.

If you have already setup 2 factor authentication though Google authenticator, then no action is required from your end. Else if you have smart phone, please install Google authenticator app and activate the 2 factor authentication on Unocoin. Once you login, use the SECURITY link on the left hand menu to start up with the procedure and follow the instructions.

If you do not enable Google authentication by 1st of June 2015, then your Unocoin account will automatically have 2 factor authentication enabled using SMS. In this case, you will be asked for the 6 digit code that is sent to your registered mobile number as an SMS while you are logging in and when ever you are sending out bitcoins from your Unocoin wallet.

Now Top-up your Prepaid / Postpaid / DTH using Bitcoin!

Posted at 4:05 pm on April 21, 2015 under Service

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Unocoin partners with Purse.IO to convert Amazon gift cards to rupees

Posted at 1:39 pm on April 14, 2015 under News

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Purse and Unocoin can help translate Amazon gift card balances to bitcoin and Rupees. Work on HITs to earn Amazon credit and then turn gift card balances into bitcoin and Rupees. Mechanical Turk is a marketplace that connects individuals who perform tasks in exchange for Amazon credit.

There are certain tasks which can be carried out much faster by humans than computers. Mechanical Turk is Artificial Intelligence for outsourcing some parts of a computer program to humans. It is a great system, but cash out options are limited.

Over 80% of Mechanical Turks live outside the US where direct deposit is not an option. There are 2 cash out options on Mechanical Turk:

  1. USD check in the mail
  2. Instant Amazon Gift Card Balance

Through Purse, Turkers can exchange Amazon gift card balances for bitcoin in 2 days. Through Unocoin, Turkers can sell their bitcoins and get Rupees to their bank account. Register now with Purse.io.

Here is an example of how it works

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How SIP works? Set it up in 3 easy steps

Posted at 8:41 am on April 13, 2015 under Tutorials

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Unocoin introduces Systematic Investment Plan – 0% Fee

Posted at 7:05 pm on April 4, 2015 under Development

Systematic Investment Plan (SIP) is a new and exciting way to acquire bitcoin – the first of its kind that is introduced by Unocoin. This is a more conservative approach to investing in bitcoin than spending all your money on bitcoin at once. This technique allows you to commit to a fixed INR amount on bitcoin on a regular schedule regardless of the price. You can invest as little as 50 INR per interval. You need to fund your INR wallet and schedule the orders below to start with SIP. This feature helps with financial discipline by averaging out your cost and there by reducing risk resulting in generating better returns.

Whats more? Enjoy 0% transaction fee till 30th April.

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