Delhi, 22nd October 2018– Unocoin has launched its first physical kiosk for its users. The first Kiosk is being deployed in Bangalore to be followed by Mumbai and Delhi in a couple of weeks. Unocoin encourages its users to trade Crypto assets with INR by keeping into consideration the recent hurdles faced by Unocoin and its users to deal with Crypto assets.
Unocoin and Unodax customers can deposit and withdraw INR from the Kiosk. Users are subject to some limits on deposit and withdrawals per transaction and per day subject to cash handling restrictions in India. The minimum amount for deposit and withdraw is 1000 INR and must be in multiples of 500 INR. (subject to change.)
To deposit INR into his Unocoin/Unodax account, a user would reach to a Kiosk and enter his User ID and the OTP that he will receive as SMS on his registered mobile number. The user would then confirm his account details and deposit the funds into the Kiosk machine. Instantly his Unocoin account will be updated.
The user can both withdraw and deposit INR from Unodax and Unocoin account. To withdraw INR, users have to make a request by visiting our app or website where he would specify the desired amount for withdrawal. The 12 digit reference number from Unocoin will be sent to the user. The user would then visit the Unocoin Kiosk to enter the reference number and OTP that will be sent to his registered mobile number during the time of withdrawing.
“Unocoin has always balanced the Indian investor’s need to diversify their portfolio with this new set of available product assets in the form of cryptocurrencies and yet upheld the utmost need for transparency and self-regulation as required by all domestic regulators. In launching a Kiosk that’s only available for its customers, they’re once ensuring this balance,” said Karthik Reddy, Managing Partner of Blume Ventures.
Unocoin’s prime focus is to keep the crypto community alive in all way possible by respecting and ensuring the sentiments of our current government stance.