Post
Topic
Board India
Re: Are this buying / bticoin websites fooling us
by
dashingriddler
on 10/05/2014, 15:09:43 UTC

Its obviously upto you whom ever you want to choose. But i would suggest you to do the calc right - for igot you are applying 3% and unocoin 1% ?

Transparency? I just cannot see what you are talking about. We have disclosed our fee structure though a footer link on every page on unocoin

And I would like to mention, in igot they have credit system, you need to send funds first, they will credit funds in your account then you can buy bitcoins. (It can take upto 1-2 days)

In unocoin you just need to place order and send funds, you'll get bitcoins in 1-2 hours maximum. (My personal experiance with unocoin is very good  Wink)
Igot have too many limitations for new users.
Thanks escrow.ms for recommending Unocoin.

Also once you purchase bitcoins using those credits on igot, you will need to apply for withdrawal of those bitcoins and wait few more days before those bitcoins will show up on your wallet.

On the other hand if it is that you are a bitcoin seller and after selling your bitcoins, you need to submit a withdrawal order to get the INR to your bank account and this process takes between 3-12 business days. With Unocoin it is maximum of 3 business days and in most cases it is on the same business day or next business day.

Unocoin can also be used as a bitcoin wallet from where you can send bitcoins instantly for small transactions as we store a couple of bitcoins in hot wallet but with igot it takes time as they store all bitcoins offline.

I am only stating the differences as you have started comparing Unocoin and igot - i am definitely not against igot or any other bitcoin trading services in India or abroad. Every service have its own uniqueness and prominence and choosing whom you want to deal will form your personal preference.