Comparison of Unocoin vs Remitano [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Unocoin vs Remitano comparison!

Your expert: Alejandro Borja

Unocoin

Unocoin

Your expert: Xavier Tarrasó

remitano

Remitano

Main points

Fees

≈ 0,20%/0,70%

Earns

Yes

Customer service

3/5
P2P: 1%

Fees

Yes

Earns

3/5

Customer service


Recommended for

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

No

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

3.9 – Reasonable fees with strong local support in India.
3.8 – Reasonable fees with strong local support in various regions.

Level

≈ 0,20%/0,70%
P2P: 1%

Brief explanation

Unocoin’s commission structure is designed to facilitate easy entry into the cryptocurrency market, yet it’s important for users to be aware of the costs involved. The platform charges a fee for buying and selling cryptocurrencies, which can be considered slightly higher compared to other global exchanges. These fees are typically a percentage of the transaction value, and while they ensure the platform’s operational efficiency and security, they may impact users looking to execute frequent trades or those with smaller budgets. Understanding these fees is crucial for effective financial planning and maximizing potential returns from cryptocurrency investments.
Remitano’s commission structure is designed to be transparent and competitive within the cryptocurrency exchange market. The platform primarily charges a flat fee on transactions, which is relatively lower than many other exchanges. This fee applies to both the buying and selling sides of a trade, making it easy for users to understand and calculate their trading costs upfront. For withdrawals, Remitano also imposes a fee that varies depending on the cryptocurrency being withdrawn. These fees are generally in line with or slightly above the industry average but are considered reasonable given the level of security and user support provided by the platform. This approach ensures that traders can manage their investments efficiently without worrying about hidden costs or overly high fees that could eat into their profits. Overall, Remitano’s fee structure is designed to be fair, encouraging active trading while providing necessary platform support and security.

Unocoin

Remitano

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Product selection

Native token

No
No

Earns

Yes
Yes

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Unocoin Technologies Private Limited
Babylon Solutions Limited

Regulation

Not regulated
Not regulated

Year founded

2013
2016

Founder

Sathvik Vishwanath, Harish B V, Abhinand Kaseti, Sunny Ray
Unknown

Payment methods

Transfers

Yes
Yes

Mastercard

Yes
Yes

Wire transfer

Yes
No

Card

Yes
Yes

Comparative table

Unocoin FEATURES Remitano
Unocoin offers a relatively low minimum trade amount, making it accessible for beginners to start trading without requiring a significant initial investment.
Minimum Trade
Remitano offers a relatively low minimum trade amount, making it accessible for beginners and those looking to trade small amounts.
The platform’s fee structure is on the higher side, which might be a deterrent for those looking to maximize their returns on smaller trades.
Trading and Transaction Fees
Remitano’s fees are competitive but not the lowest in the market. The fee structure is straightforward and transparent, which is beneficial for user planning.
Unocoin supports only a limited selection of major cryptocurrencies, which may not satisfy users interested in a broader array of options.
Number of Cryptocurrencies
The platform supports a limited number of cryptocurrencies compared to larger exchanges, which may be a drawback for users looking for a wide array of trading options.
Offers some crypto-to-crypto trading pairs, but the options are not as extensive as those available on larger international platforms.
Crypto-to-Crypto Trading Pairs
Remitano provides a decent range of crypto-to-crypto trading pairs, though it lacks the extensive options found on more established platforms.
The website provides clear information regarding fees, policies, and security practices, aiding users in making informed decisions.
Website Transparency
The website is user-friendly and provides clear information about fees, security measures, and trading options, though some details about the company’s operations could be more detailed.
Unocoin lacks an exchange card, limiting flexibility and benefits for users looking to utilize crypto for everyday transactions.
Credit/Debit Card
Remitano lacks a branded exchange card, which limits the versatility and real-world applicability of its platform compared to some competitors that provide integrated card services for easier access to funds and transactions.
Offers secure storage solutions including cold storage, which provides a high level of security for users’ digital assets.
Storage Offering
The platform offers a secure wallet service with good security features, although it may not have the advanced security options of dedicated wallet providers.
Limited staking options are available for certain cryptocurrencies, providing users with an opportunity to earn rewards on their holdings.
Staking and Rewards
Remitano provides some options for earning through staking and rewards, but these are not as extensive or varied as those offered by competitors.
Both mobile and desktop platforms are user-friendly and well-designed, making trading accessible at home or on the go.
Mobile App and Desktop
Remitano offers a well-designed mobile app and a functional desktop platform, both of which are appreciated for their ease of use and reliability.
Provides a decent level of customer service with support available through multiple channels, though response times can vary.
Customer Service
The platform excels in customer service, offering quick and helpful responses through multiple channels, including live chat and email.
Supports a variety of deposit and withdrawal methods, but fees and processing times can be a drawback for some users.
Deposit and Withdraw
Remitano supports multiple deposit and withdrawal methods, though it lacks some of the flexibility of larger exchanges with more extensive banking integrations.

Key features

Analysis tools

Basic charting tools
Basic charting tools

Mobile APP

No
No

Security

High 4,6/5
High 4,6/5

Additional features

Staking, recurring buys, Unocoin Earn, bill payments
P2P trading, staking, Remitano Earn, fiat on/off ramps

Anonymity

No
No

Key points

Available cryptocurrencies

10+
10+

User-friendliness

Unocoin provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.
Remitano provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

Provides decent value for money with competitive fees and strong local support in India, making it a good choice for regional users.
Offers good value for money with competitive fees and strong local support in various regions, making it a good choice for regional users.

Countries of operation

India
Global, including United States, Canada, United Kingdom, Australia, Germany

Best for

Ideal for Indian investors seeking a reliable platform with competitive fees and strong local support.
Suitable for traders in various regions seeking a platform with competitive fees and strong local support.

Base currencies available

INR, BTC
Multiple local currencies, BTC

Account

Trading

Unocoin is a popular exchange in India, offering easy fiat integration and a user-friendly platform. It supports a decent range of cryptocurrencies but has higher fees compared to some other exchanges.
Remitano is a P2P exchange known for its secure and user-friendly platform. It offers easy fiat integration and a good range of cryptocurrencies but lacks advanced trading tools.

Deposit and withdrawal

Unocoin is popular in India, offering easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.
Remitano is a P2P exchange known for its easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.

Account opening process

Unocoin provides a straightforward and user-friendly account opening process. Users need to provide personal information and verify their identity. The process is efficient and typically takes less than a day to complete.
Remitano offers a seamless and fully digital account registration process. Users need to submit personal information and verify their identity. The process is quick and usually takes less than a day to complete.

KYC required?

Yes
Yes

Customer Service

Unocoin provides support through email and live chat. The response time is quick, and the support team is available 24/7, making it reliable for users in India.
Remitano offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

Unocoin provides strong security with 2FA and encryption. Despite its robust security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.
Remitano ensures security through 2FA, encryption, and cold storage. Despite its strong security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.

Which of these exchanges is for you?

As one of the analysts here, I recommend considering Unocoin if you’re starting out with cryptocurrencies, especially if you are based in India. The platform is user-friendly, making it less daunting for beginners to navigate the crypto space. Additionally, Unocoin’s unique offering of a Systematic Investment Plan for Bitcoin sets it apart, providing a structured way to invest in Bitcoin. However, keep in mind the higher transaction fees and the limited selection of cryptocurrencies, which might be limiting if you’re looking to explore a wide range of crypto assets.
As a cryptocurrency analyst, I’ve had the opportunity to explore and evaluate numerous platforms, and Remitano certainly stands out for a few noteworthy reasons. First and foremost, its user-friendly interface makes it exceptionally accessible for beginners. The platform’s design intuitively guides you through the process of trading cryptocurrencies, which can be a daunting task for those new to the space. Another aspect worth highlighting is Remitano’s commitment to security. The platform employs an escrow system for transactions, adding an extra layer of security by holding the funds until all parties confirm the transaction is complete. This feature greatly reduces the risk of fraud, making it a reliable choice for traders concerned about the safety of their investments. Overall, if you’re venturing into the world of cryptocurrencies and looking for a secure and straightforward platform, Remitano is definitely worth considering. It provides a solid foundation with essential trading tools, excellent customer support, and a community-driven approach that fosters a safe trading environment.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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