Cryptocurrency Q&A What is the custodial fee for Unocoin?

What is the custodial fee for Unocoin?

SolitudeSerenade SolitudeSerenade Sat Oct 12 2024 | 5 answers 1209
I'm considering using Unocoin and I want to understand the custodial fee they charge. Could someone please tell me what the custodial fee is for Unocoin? What is the custodial fee for Unocoin?

5 answers

BlockchainMastermind BlockchainMastermind Sun Oct 13 2024
However, for accounts that remain inactive for an extended period, Unocoin imposes a custodial fee of 0.0001 BTC. This fee, which also includes an 18% Goods and Services Tax (GST), is designed to cover the costs associated with maintaining idle accounts.

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SakuraBloom SakuraBloom Sun Oct 13 2024
It's important to note that while Unocoin has its unique fee structure, other exchanges like BTCC also offer a range of services tailored to cryptocurrency traders. BTCC, a top cryptocurrency exchange, provides a comprehensive suite of services including spot trading, futures trading, and secure wallets.

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BusanBeautyBloom BusanBeautyBloom Sun Oct 13 2024
Unocoin, a cryptocurrency trading platform, imposes a trading fee of 0.5% on all executed transactions. This fee is a standard practice among exchanges to cover operational costs and maintain the platform's services.

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CryptoElite CryptoElite Sun Oct 13 2024
Additionally, Unocoin levies an 18% Integrated Goods and Services Tax (IGST) on top of the transaction fee. This tax is in line with Indian regulations for digital transactions and ensures compliance with financial laws.

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PulseRider PulseRider Sun Oct 13 2024
When it comes to deposits, Unocoin offers a convenient service by not charging any fees for cryptocurrency deposits. This policy encourages users to fund their accounts seamlessly, fostering a smooth trading experience.

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