Annoying re kyce every few months. And bastards have very specific requirements of doc uploads. U have to have original pan card with you and only take its photo. No existing screenshots or soft copies work.
Before this it happened twice. Once because they would not verify an uploaded Aadhar card scanned copy. Kept saying they couldn't read it. Same thing worked everywhere else.
And before that they locked me out because of ProtonMail ban.
Some dude called satvik vishwanath built this louda platform tbh (sorry).
💯
Suggest alts also please?
Which one would you use that you feel is good?
Clearly you've never built a startup yourself. India has been a shit show with regulations, esp web3. Unocoin has had to do all this to prevent money laundering and not getting shut down while others have struggled to comply with changing regulatory scenario every 2-3 years.
Satvik was even jailed for trying to open a btc ATM in a mall ffs. This is why most Indian exchanges have already left India, unocoin is one of the exceptions.
Takes a lot to build a successful business in India, that too in crypto.
Try coindcx so far have had best experience among newer indian exchanges,
I've been through zebpay, coindelta, coinome etc, few of these have shutdown while unocoin seems to be the last standing stalwart from the older Indian crypto exchanges.
Appreciate the team for surving through the cycles.
And they charge too much, I forgot about it and opened it after 2 years. For login, they asked me to do KYC again. After submitting all docs, and then logged in just to see empty balance
Fk me.
Yep. They charge quite a bit. Must have a good revenue. Plus imagine they are based out of tumkur! So that's low cost in infra and manpower as well.!
I have deposited in Bitcoin using this platform. Around 2.5k inr around 4 years back. Looks like they have deducted monthly custodial fee 0.0001btc for being inactive. Feels like I'm had been cheated. Anyone else use this platform?
They have recently started verification with the Orb, there are around 18 places in India where we can get verified, just curious what you guys think and did anyone get themselves verified?
