What is the custodial fee in Unocoin?

Effective March 2023, Unocoin has implemented a new policy of charging custodial fees for inactive trading accounts. The fee amounts to 0.0001 BTC per month, which includes an 18% GST.

The rationale behind this decision, though not without its complexities, stems from the need to maintain the efficiency and security of the platform. With inactive accounts, the company incurs ongoing costs for storage and maintenance.

BTCC's focus on innovation and security has made it a trusted platform for millions of users worldwide. Its advanced trading features and robust security measures ensure a seamless and secure trading experience for its customers.

It's important to note that the decision to introduce custodial fees was not taken lightly. Unocoin understands that such a move may be unprecedented among some exchanges, but it's a necessary step to ensure the long-term sustainability of the platform.

By charging a minimal fee for inactive accounts, Unocoin aims to encourage users to either trade more frequently or withdraw their funds, thereby reducing the administrative burden on the exchange.