Unocoin Enables Instant Bitcoin Trades With New INR Wallets

Posted at 1:10 am on January 8, 2015 under Development

Unocoin proudly announces INR wallets for customers in India. This will allow users to store rupee balances and also make instant bitcoin purchases without waiting for bank transfers.

The only way Indian customers could previously acquire bitcoin through Unocoin was to place a buy order in advance, make payment within 8 hours and get the bitcoins at the locked-in rate.

With the new wallet service, users can add INR whenever they wish and use that balance for instant trades at a later time. Important to note that clients may not use the INR wallets to store proceeds from bitcoin sales. Instead, proceeds from any bitcoins sold will be deposited directly to the user’s bank account. The flow is designed this way as an effort to self regulate and make sure that every rupee used to trade bitcoin goes through appropriate banking channels and do not circulate within Unocoin’s wallet.

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Cooperation with regulators
Unocoin has worked with its accounting team and legal representatives to assess whether its INR wallet is a regulated activity.

Unocoin has so far offered customers the options of a bitcoin wallet, bitcoin trading and merchant gateway services. Customers in India who have verified their accounts may access INR wallets immediately.

Bid on bitcoins from US Marshal

Posted at 1:28 pm on November 28, 2014 under News

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India being a country that have less adaptation of bitcoins, the difficulty to obtain bigger chunks of bitcoins from bitcoin sellers has been increasing.

Now, through a partnership with our Investor, as a Unocoin customer, you have an opportunity to bid on the 50,000 bitcoins that are auctioned by US Marshals. Read their announcement here http://www.usmarshals.gov/assets/2014/dpr-bitcoins. There is a Syndicate that has been formed by Second Market that allows you to bid on these bitcoins. Unocoin will be routing your funds up to US Marshals auctions and will be bringing it back to your account if your bid do not win. You will be charged only for INR and USD currency conversions. You will not be charged for wiring of funds between Unocoin and the Syndicate.

You can bid as low as 100 USD per bitcoin how ever your total amount should be equal to or exceed 50,000 USD to qualify for the bid. You will need to submit your bidding pattern to Unocoin through a support ticket and it will be taken care of. The last date to send INR to our bank account will be 1st of December and the last date to submit / change your bidding pattern is 3rd December 2014.

Know more about the terms and conditions of the Syndicate.

Kindly send an email to support@unocoin.com along with your mobile number if you are willing to participate in the auction or need more info.

Unocoin all set for the long run – Airtel Delhi Half Marathon

Posted at 10:22 pm on November 24, 2014 under News

Nov 18th, New Delhi

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Unocoin.com took New Delhi by storm, at the ‘Get Active Expo-2014, Powered By Unocoin’. The Expo was organized to facilitate the participants of the Delhi Half Marathon to collect their participation bibs and timing chips. Unocoin.com had taken up the initiative of providing every runner with road safety bands and also educating the participants about bitcoins.

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The response to Unocoin’s presence at the Expo was overwhelming, with over 2750 runners signing up with Unocoin.com. The secretary of the Sports Authority of India Neeraj Kansal, who was the chief guest at the Expo, visited the stall and not only did he appreciate the initiative but also registered at the Unocoin desk, a very encouraging gesture from the dignitary.

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Unocoin proved to be the David among the Goliaths of investment, lifestyle and healthcare brands. The stupendous response that Unocoin received at the Expo shows the enormous potential that bitcoins has in India. Unocoin team is now readying itself to cater to the millions that will very soon adopt bitcoins. The attendees at the Expo were as diverse as gradution students to young corporate leaders to homemakers to retired bureaucrats. Each one of them was equally keen and eager to know more about bitcoins and the services that Unocoin renders. Naveen of Practo.com who was at the stall says, “This is the first time I heard about bitcoins and it definitely will not be the last. Unocoin’s initiative of educating people about bitcoins is stupendous and will go a long way in bringing bitcoins to the billions”. Adding to this, Rahul Sharma adds “The initiative of Unocoin for providing runners tag is very unique & useful. As runners we are always on road & everytime we are not having our emergency contact details. In case of emergency this will be useful & lifesaver for a runner. Heartfelt thanks to UNOCOIN for bringing this unique concept. Hope that this will be further accelerated. All the best.”

Unocoin plans to mark its presence in the top 20 cities of India in the coming months. The MD of Unocoin, Sathvik Vishwanath, believes that garnering the trust of people is the most important tool in a business as volatile as the one with bitcoins.

Unocoin.com is a Simple, Secure and Seamless Way to Store, Buy and Sell bitcoins in India. Merchant gateway integration services by Unocoin enable online merchants to accept bitcoins as a medium of payment without getting exposed to charge backs, volatility and transaction fee. Unocoin.com is the largest bitcoin exchange platform in India and it gets bigger every passing moment.

Unocoin’s Dussehra offer !

Posted at 8:16 pm on October 2, 2014 under Offers

Greetings and Dussehra wishes to you, from UNOCOIN !!

This festive season, we have more to offer you!
We would like to celebrate the joyousness, by offering our dear customers with exciting new deals this season.
With 5 BITCOINS buy/sell transactions*, you get the entire TRANSACTION FEES as a reward !!

So it’s not wise to let this offer go off the hands! Because it’s about the BITCOIN!

TRADE MORE, GET MORE.

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Offer valid from OCTOBER 1st to OCTOBER 15th ONLY!
(*You can make as many buy/sell transactions as you want up to 5BTCs or more during this period. Collected transaction fee will be credited as bitcoin to your Unocoin wallet at the end of offer period.)

 Visit UNOCOIN and start making your transactions !
&
GET MORE BITCOINS !

Campaigns has been discontinued

Posted at 5:23 pm on October 1, 2014 under Service

Campaigns was introduced to Unocoin customers in January 2014 through this announcement to help them BUY and SELL BIG at the rate they prefer. Campaigns has been discontinued as the response received was less than anticipated. As a result, Unocoin wont be accepting buy and sell requests through campaigns from now on.