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India’s first cryptocurrency exchange, Unocoin said today that it had raised an undisclosed amount of funding by US venture capitalist Tim Draper’s Draper Associates with participation from XBTO Ventures and 2020 Ventures.
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Customers of Unocoin and its unit Unodax can deposit or withdraw cash between Rs 1,000 and Rs 10,000 per transaction per day, in denominations of Rs 500. The balance that a customer holds in his/her account can be used to buy other cryptocurrencies through the ATM.
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India-based crypto exchange Unocoin has garnered more than $5 million in funds through a Series A round that it will use to improve DeFi.
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Bangalore based Bitcoin trading platform, Unocoin has raised $5 million in series A round funding from Tim Draper's firm Draper Associates.
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Tim Draper Leads Targeted $5M Series A for India Crypto Exchange Unocoin
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Unocoin has transformed into one of the most popular Bitcoin and Ethereum platform in recent times. In order to provide better services, many other components were added to our ecosystem. We believe that continuously supporting good and best quality service is the best way to develop this industry. We will continue to improve our services, as we are committed to render the best. However, for Unocoin, this is far from enough.
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Bitcoin: Bitcoin is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate. Ethereum: Blockchain based distributed computing platform featuring smart contract functionality. Litecoin: Litecoin is a peer-to-peer internet assets that enables instant, near-zero cost payments to anyone in the world. Ripple: The world’s only enterprise blockchain solution for global payments. Bitcoin Cash: Continuation of the Bitcoin project as peer-to-peer digital cash forked from the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
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Read the latest news about Unocoin to stay posted about this altcoin. The most recent events, price dips and jumps and more
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Unocoin has officially announced the launch of its cryptocurrency automated teller machines (ATMs). Last week, the exchange confirmed the existence of the project after someone spotted one of the machines and posted a picture of it on social media.
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Unocoin is one of the largest Indian cryptocurrency exchange platforms that was the first cryptocurrency business opened in India. Currently, the Unocoin blockchain and Bitcoin company has become international, as the platform attracted many investors due to its fast and cheap services. Unocoin was founded in 2013 and besides being an exchange, the company organizes conferences and meetings related to Bitcoin. Unocoin also provides unique trading services and a virtual wallet for storing digital assets. It operates transfers in BTC, which is the only one available cryptocurrency there, with relatively low fees. However, the platform also has some disadvantages such as accepting only bank cards and the Indian rupee.
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Unocoin is based out of Bengaluru, India. In the five years since its launch, Unocoin has become a popular cryptocurrency exchange in India, claiming to have more than 150,000 users. Its point of difference is its claim of being the first Indian exchange that offers its users the opportunity to purchase bitcoin systematically through Systematic Investment Planning (SIP).
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Unocoin has transformed into one of the most popular Bitcoin and Ethereum platform in recent times. In order to provide better services, many other components were added to our ecosystem. We believe that continuously supporting good and best quality service is the best way to develop this industry. We will continue to improve our services, as we are committed to render the best. However, for Unocoin, this is far from enough.
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It is noted that Unocoin, that in the past when there was a decline in the price of the Bitcoin there was more than a 200% surge. The analysts and market researchers, state that the idea of Bitcoin as a ‘safe haven’ asset. The future of Bitcoin creates a bench-mark of Digital Assets. Also, since businesses have been shut down, the retail traders have inflexed in the market tremendously.
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Indian bitcoin exchange Unocoin on Thursday announced its partnership with Blockchain, a software platform for digital currency that is intended to allow individuals in India to seamlessly fund their Blockchain wallets.
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Unocoin News: Latest and Breaking News on Unocoin. Explore Unocoin profile at Times of India for photos, videos and latest news of Unocoin. Also find news, photos and videos on Unocoin
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Thinking about using Unocoin for your next cryptocurrency purchase? Find out whether it's secure, how much it will cost you and more in finder's must-read guide.
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