Your expert: Alejandro Borja
Investing risks losing your money
Your expert: Xavier Tarrasó
Investing risks losing your money
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
Comparison sponsored by the best exchange
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| Unocoin | FEATURES | Wazirx |
|---|---|---|
|
Unocoin offers a relatively low minimum trade amount, making it accessible for beginners to start trading without requiring a significant initial investment. |
Minimum Trade |
WazirX allows users to begin trading with relatively small amounts, making it an accessible option for beginners and those looking to test the waters without significant initial investments. |
|
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 |
WazirX charges a flat fee of 0.2% on all trades, which is competitive; however, a lack of fee tiering can deter high-volume traders who typically benefit from reduced rates in other exchanges. |
|
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 broad array of cryptocurrencies, providing users with ample opportunities to diversify their portfolios with both popular and less mainstream tokens. |
|
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 |
Offers a substantial number of trading pairs, which is beneficial for traders looking to capitalize on market movements across various cryptocurrencies. |
|
The website provides clear information regarding fees, policies, and security practices, aiding users in making informed decisions. |
Website Transparency |
Generally, WazirX maintains a transparent approach with visible fee structures and trading terms; however, improvements could be made in the visibility of wallet safety and fund security protocols. |
|
Unocoin lacks an exchange card, limiting flexibility and benefits for users looking to utilize crypto for everyday transactions. |
Credit/Debit Card |
WazirX lacks an exchange card, limiting flexibility in utilizing crypto assets for everyday transactions and benefits. |
|
Offers secure storage solutions including cold storage, which provides a high level of security for users’ digital assets. |
Storage Offering |
Provides robust storage options with an emphasis on security; includes both hot and cold wallet solutions to ensure the safety of user assets. |
|
Limited staking options are available for certain cryptocurrencies, providing users with an opportunity to earn rewards on their holdings. |
Staking and Rewards |
While WazirX offers staking options, the variety and rewards rates are less competitive when compared with larger platforms that specialize in staking and yield farming. |
|
Both mobile and desktop platforms are user-friendly and well-designed, making trading accessible at home or on the go. |
Mobile App and Desktop |
Both the mobile app and desktop platform are well-designed, offering intuitive navigation and comprehensive functionality that meets the needs of most traders. |
|
Provides a decent level of customer service with support available through multiple channels, though response times can vary. |
Customer Service |
The platform’s customer service is an area needing improvement, with reported delays in response times and issues with the effectiveness of the solutions provided. |
|
Supports a variety of deposit and withdrawal methods, but fees and processing times can be a drawback for some users. |
Deposit and Withdraw |
Deposits and withdrawals are processed efficiently, especially for INR transactions. However, the platform could expand its support for additional fiat currencies to enhance user convenience further. |
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.
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.
