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Unocoin

3.6 Follow

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Unocoin is a Bitcoin web wallet created especially for the Indian community. Private keys are encrypted and stored in cold storage, making hacks extremely unlikely. Unocoin also has its own trading facility and it allows users to store INR within the wallet itself. Unocoin allows users to further protect their funds using 2-FA.

Expert Review

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3.6 out of 5

Unocoin is a centralized, online web wallet especially created for the Indian bitcoin community. It currently only supports Bitcoin and also allows users to store Indian fiat currency INR. It is pretty easy to use with low-level anonymity. The private keys are stored as a cold storage and also encrypted making it extremely hard to hack but the users responsibility increases to keep the private key for future backup safe. It also provides trading facilities through Indian fiat currency and bitcoin interconversion and also has the 2 Factor Authentication feature but lacks Hierarchical Deterministic, and Multi-Signature and is also not open source.

User Review

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Id_22909 april 2018, 10:57

If you are an Indian user this is one of the best wallet for managing bitcoin and your local money in one place. But due to some conflicts with government and virtual currencies, it is wise not to use this centralized wallet and instead use other wallet apps.

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