Buy and Sell bitcoin operations on Unocoin
Unocoin charges a fee of 1% to buy or sell bitcoins. Over an extended period of usage (minimum 60 days) and a significant transaction volume on your account, there will be an upgrade to “Gold Membership”. With this upgrade the transaction fee drops to 0.7% and giving you a higher transaction limit per day. A government levied Service Tax of 15.0% will be charged on the transaction fee. For example, if you are buying bitcoin for 10,000 INR, then the transaction fee at 1% will be 100 INR and the service tax on that transaction fee would be 15 INR. Hence you will end up paying 10115 INR in total. Our Service Tax number is AABCU8112DSD001.
When you buy bitcoins and opt to receive on an external bitcoin address as opposed to your Unocoin wallet, there is network fee of 0.0002 incurred by Unocoin which means there will not be any deduction in bitcoins paid to you.
Sending and Receiving bitcoins on Unocoin
When you send bitcoins to an email-id or another Unocoin user, there is no fee. When sending bitcoins to a bitcoin address, Unocoin collects 0.0002 btc (might increase if there is network congestion) that is deducted from your Unocoin balance which is paid to the network that is processing your transactions.
There is no fee for receiving bitcoins on your Unocoin wallet.
Storing bitcoins on Unocoin
There is no fee to store your bitcoins on Unocoin wallet.
P.S: The above fee are subject to changes without notice. You can visit this page using the link at the bottom of every web page for updates on the fee structure before completing a transaction.