Comparison of Unocoin vs Coinzoom [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Unocoin vs Coinzoom comparison!

Your expert: Alejandro Borja

Unocoin

Unocoin

  • Threenvest valuation: 3,9/5
  • US legal: No
  • Security: High 4,6/5
  • Mobile App: No
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

coinzoom

Coinzoom

  • Threenvest valuation: 3,6/5
  • US legal: Yes
  • Security: High 4,5/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Main points

Fees

≈ 0,20%/0,70%

Earns

Yes

Customer service

3/5
0,18%/0,44%

Fees

No

Earns

4/5

Customer service


Recommended for

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold


Comparison of fees

Rating

3.9 – Reasonable fees with strong local support in India.
3.9 – Competitive fees with additional benefits for cardholders.

Level

≈ 0,20%/0,70%
0,18%/0,44%

Brief explanation

Unocoin’s commission structure is designed to facilitate easy entry into the cryptocurrency market, yet it’s important for users to be aware of the costs involved. The platform charges a fee for buying and selling cryptocurrencies, which can be considered slightly higher compared to other global exchanges. These fees are typically a percentage of the transaction value, and while they ensure the platform’s operational efficiency and security, they may impact users looking to execute frequent trades or those with smaller budgets. Understanding these fees is crucial for effective financial planning and maximizing potential returns from cryptocurrency investments.
CoinZoom implements a competitive and transparent fee structure, tailored to benefit both high-volume and casual traders. For spot trading, fees are tiered based on the trader’s 30-day trading volume, starting from 0.20% for both makers and takers, and decreasing with increased trading activity. This system incentivizes frequent trading while maintaining affordability for newer users. Additionally, CoinZoom’s derivatives trading includes a separate fee schedule, ensuring that fees remain competitive across different market conditions. Overall, the fee strategy at CoinZoom is designed to accommodate a wide range of trading strategies and volumes, making it an attractive platform for diverse trading needs.

Unocoin

Unocoin
Read Unocoin review
  • Year Founded: Established in 2013, Unocoin has been operational for nearly a decade, showcasing its resilience and sustained relevance in the rapidly evolving cryptocurrency market.
  • Security Methods: Unocoin employs robust security measures including two-factor authentication (2FA), a cold storage system for cryptocurrency assets, and SSL encryption, ensuring a high level of security for its users' investments.
  • Reputation and Reviews: With a strong presence in the Indian market, Unocoin enjoys a positive reputation among its users and has been featured in numerous mainstream media outlets, highlighting its credibility and reliability.
  • Customer Service: Known for its dedicated support team, Unocoin provides timely customer service and support, which is crucial for new users navigating the complexities of cryptocurrency investments.
  • Volume Managed: Handling a significant volume of transactions daily, Unocoin demonstrates adequate liquidity, which is vital for users looking to execute trades efficiently without substantial price slippage.
  • Pros
  • User-friendly interface
  • Systematic Bitcoin investment plan
  • Tailored for Indian market
  • Cons
  • Higher transaction fees
  • Limited crypto variety

Read Unocoin review

Coinzoom

coinzoom
Read Unocoin review
  • Year Founded: Launched in 2021, CoinZoom has quickly established itself in the competitive crypto market, signaling robust infrastructure and strategic vision.
  • Customer Service: The platform is known for its responsive customer service, which is crucial for user trust and satisfaction, ensuring that any issues are promptly addressed.
  • Security Methods: CoinZoom employs stringent security protocols, ensuring the safety of user funds and information with state-of-the-art encryption and multi-factor authentication.
  • Reputation and Reviews: Although relatively new, CoinZoom has garnered positive reviews for its user-friendly interface and the innovative Flipster Earn Pool, enhancing its reputation among traders.
  • Volume Managed: CoinZoom handles a significant volume of trades, reflecting its capacity to manage high liquidity, which is essential for executing large trades efficiently.
  • Pros
  • User-friendly interface, easy navigation.
  • Strong security measures implemented.
  • Supports diverse cryptocurrency options.
  • Cons
  • Limited advanced trading tools.
  • Customer support options restricted.

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Product selection

Native token

No
No

Earns

Yes
No

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Unocoin Technologies Private Limited
CoinZoom, Inc.

Regulation

Not regulated
Regulated in the EE. UU.

Year founded

2013
2018

Founder

Sathvik Vishwanath, Harish B V, Abhinand Kaseti, Sunny Ray
Todd Crosland

Payment methods

Transfers

Yes
Yes

Mastercard

Yes
Yes

Wire transfer

Yes
Yes

Card

Yes
Yes

Comparative table

Unocoin FEATURES Coinzoom
Unocoin offers a relatively low minimum trade amount, making it accessible for beginners to start trading without requiring a significant initial investment.
Minimum Trade
CoinZoom allows for flexible trading sizes, catering to both beginners and those looking to execute smaller transactions, making it highly accessible.
The platform’s fee structure is on the higher side, which might be a deterrent for those looking to maximize their returns on smaller trades.
Trading and Transaction Fees
CoinZoom offers competitive trading fees, especially attractive for high-volume traders. Fees are tiered based on activity, encouraging more frequent trading.
Unocoin supports only a limited selection of major cryptocurrencies, which may not satisfy users interested in a broader array of options.
Number of Cryptocurrencies
CoinZoom supports trading in over 120 cryptocurrencies, providing a diverse range of options for traders looking to explore different digital assets.
Offers some crypto-to-crypto trading pairs, but the options are not as extensive as those available on larger international platforms.
Crypto-to-Crypto Trading Pairs
The platform boasts a broad selection of crypto-to-crypto trading pairs, offering robust market depth and trading flexibility.
The website provides clear information regarding fees, policies, and security practices, aiding users in making informed decisions.
Website Transparency
CoinZoom’s website provides clear and detailed information on trading conditions and fees, though it could improve by offering more insights into its security practices and fund management.
Unocoin lacks an exchange card, limiting flexibility and benefits for users looking to utilize crypto for everyday transactions.
Credit/Debit Card
Currently, CoinZoom does not offer a dedicated exchange card for in-store purchases or other benefits, which could be a point of improvement.
Offers secure storage solutions including cold storage, which provides a high level of security for users’ digital assets.
Storage Offering
CoinZoom ensures the security of digital assets with cold storage solutions, enhancing safety against potential cyber threats.
Limited staking options are available for certain cryptocurrencies, providing users with an opportunity to earn rewards on their holdings.
Staking and Rewards
While CoinZoom offers some forms of passive income through its Flipster Earn Pool, it lacks a comprehensive range of staking options found on some other platforms.
Both mobile and desktop platforms are user-friendly and well-designed, making trading accessible at home or on the go.
Mobile App and Desktop
CoinZoom provides a highly rated mobile app and desktop platform that are user-friendly, ensuring traders can operate efficiently on any device.
Provides a decent level of customer service with support available through multiple channels, though response times can vary.
Customer Service
CoinZoom offers responsive customer service, though there is room to enhance support channels and decrease response times.
Supports a variety of deposit and withdrawal methods, but fees and processing times can be a drawback for some users.
Deposit and Withdraw
Deposits and withdrawals are handled efficiently, with multiple crypto options available. However, adding support for fiat currencies could improve accessibility and convenience.

Key features

Analysis tools

Basic charting tools
Advanced charting tools, indicators

Mobile APP

No
No

Security

High 4,6/5
High 4,5/5

Additional features

Staking, recurring buys, Unocoin Earn, bill payments
Crypto debit card, staking, ZoomMe payment service, CoinZoom Earn

Anonymity

No
No

Key points

Available cryptocurrencies

10+
50+

User-friendliness

Unocoin provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.
CoinZoom provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

Provides decent value for money with competitive fees and strong local support in India, making it a good choice for regional users.
Delivers reasonable value for money with competitive fees and a user-friendly platform, making it a good choice for beginners.

Countries of operation

India
United States, Canada, Europe, Australia, Singapore

Best for

Ideal for Indian investors seeking a reliable platform with competitive fees and strong local support.
Ideal for traders of all experience levels looking for a platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

INR, BTC
USD, BTC

Account

Trading

Unocoin is a popular exchange in India, offering easy fiat integration and a user-friendly platform. It supports a decent range of cryptocurrencies but has higher fees compared to some other exchanges.
CoinZoom offers a secure platform with easy fiat integration and a wide range of cryptocurrencies. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

Unocoin is popular in India, offering easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.
CoinZoom provides multiple deposit options, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Account opening process

Unocoin provides a straightforward and user-friendly account opening process. Users need to provide personal information and verify their identity. The process is efficient and typically takes less than a day to complete.
CoinZoom provides a straightforward and fully digital account registration process. Users need to submit personal information and verify their identity. The process is quick and typically takes less than a day to complete.

KYC required?

Yes
Yes

Customer Service

Unocoin provides support through email and live chat. The response time is quick, and the support team is available 24/7, making it reliable for users in India.
CoinZoom provides extensive customer support via email, live chat, and phone. The support team is responsive and available 24/7, making it reliable for users globally.

Security

Unocoin provides strong security with 2FA and encryption. Despite its robust security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.
CoinZoom offers extensive security features, including 2FA and encryption. It is regulated by U.S. authorities, ensuring high security for investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As one of the analysts here, I recommend considering Unocoin if you’re starting out with cryptocurrencies, especially if you are based in India. The platform is user-friendly, making it less daunting for beginners to navigate the crypto space. Additionally, Unocoin’s unique offering of a Systematic Investment Plan for Bitcoin sets it apart, providing a structured way to invest in Bitcoin. However, keep in mind the higher transaction fees and the limited selection of cryptocurrencies, which might be limiting if you’re looking to explore a wide range of crypto assets.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As one of the experts reviewing CoinZoom here at our website, I must say that this platform truly impresses with its wide array of trading options and exceptional liquidity, especially for altcoins. CoinZoom’s innovative features, like the Flipster Earn Pool, provide both new and seasoned traders with unique opportunities to maximize their investments. Whether you’re looking to actively trade or earn passively, CoinZoom offers a comprehensive, user-friendly experience that caters well to the diverse needs of the crypto community.

View all comparisons against Unocoin

View all comparisons against Coinzoom

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Unocoin and Coinzoom