Bybit vs Unocoin: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Bybit and Unocoin This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Bybit

Unocoin

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

United Kingdom

United States

Europe

Latin America

Yes

India

China

Canada

United Kingdom

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Bybit is ideal if:

Advanced trading tools: Offers a sleek, user-friendly interface with features like conditional orders and charting tools that suit experienced traders looking for precision.
Wide asset selection: Supports a broad range of cryptocurrencies and derivatives, giving you flexibility whether you like spot trading or futures.
Strong security reputation: Prioritizes safety with industry-grade infrastructure and proactive risk management—great if security is a key concern for you.

Unocoin is ideal if:

Great for ease of entry – Offers a clean and intuitive interface with mobile apps, making it especially friendly for newcomers stepping into crypto trading.
Secure and self-custody options – Emphasizes safety with features like cold storage, paper wallets, AES-256 encryption, and mandatory KYC/2FA.
Built for Indian users – Seamlessly supports INR deposits and local payment methods, tailored to the Indian market and regulatory environment.

Bybit isn’t ideal if:

New traders could feel overwhelmed: The platform’s advanced derivatives and leverage tools often present a steep learning curve for users just starting out.
Limited availability in some markets: If you're located in certain jurisdictions, you may not be able to access or fully use all features due to regulatory restrictions or regional bans.
Centralized security risks remain: Despite improvements, the record-breaking hack highlights inherent vulnerabilities in centralized exchanges—so those prioritizing decentralization or peace of mind may look elsewhere.

Unocoin isn’t ideal if:

International traders excluded – Only accessible to Indian residents and supports just the Indian rupee as fiat, making it a non-starter for global users.
Limited advanced features – Lacks sophisticated trading tools and broader crypto asset coverage favored by experienced traders.
Support may lag – Users report limited documentation and slow response times from customer service, potentially frustrating for those needing prompt assistance.

Fees & Total Costs

Spot Maker/Take

The spot market applies a tiered maker/taker structure where higher trading volumes unlock reduced fees—active traders benefit from sharper discounts as they climb VIP or Pro levels.

Unocoin applies a tiered maker/taker fee structure for spot trading, with lower rates (including zero maker fees) available to users with high 30-day trading volumes; there are no discounts tied to a native token.

Futures/Derivatives

Futures and perpetual contracts also use maker/taker pricing that improves with higher tiers, and include dynamic funding payments between long and short positions, which shift with market sentiment.

Unocoin does not offer futures or derivative trading, so there are no maker/taker or funding fees applicable.

Average Spreads on Liquid Pairs

For high-liquidity pairs like BTC/USDT and ETH/USDT, spreads remain tight and competitive, ideal for minimizing slippage on larger trades.

Specific or average spread data for BTC/USDT or ETH/USDT is not published prominently on Unocoin’s platform or support materials.

Fiat Deposits & Withdrawals

Users can deposit or withdraw fiat through numerous local payment methods and gateways; each method displays its associated fee and processing time during the transaction—these vary by region and require identity verification.

You can deposit and withdraw INR using methods like NEFT, RTGS, IMPS, UPI, and instant options, with nominal or no fees for bank transfers and quick settlement—though third-party instant deposits (e.g., via Mobikwik) may incur a small percentage charge plus taxes.

On-chain Withdrawals

Cryptocurrency withdrawals have fixed network-based fees per coin and chain, meaning the fee doesn’t scale with amount but adjusts based on current blockchain demand and congestion.

Crypto withdrawals are subject to network (miner) fees that vary dynamically per blockchain congestion rather than fixed amounts, and these are displayed at the time of withdrawal.

Hidden Costs

Occasional indirect costs may include currency conversion charges from funding accounts denominated differently, potential inactivity penalizations over long dormant periods, and expedited identity checks for faster access, depending on account status.

There are no hidden conversion or KYC-express fees, but an inactivity-based custodial fee applies if your account remains idle—typically a small monthly Bitcoin-based charge.

Real-World Cost Example: “€500 BTC

When buying BTC worth €500, expect a blended cost that includes a spot trading spread, a tier-adjusted fee, and any subsequent withdrawal fee—altogether forming a practical view of the real expense beyond just the purchase price.

A real cost example isn’t feasible as Unocoin doesn’t support euro deposits, and detailed spread or consolidated cost data for such a scenario isn’t publicly available.

Crypto Offering & Trading Features

Number of Coins & Pairs

Bybit supports over 650 cryptocurrencies, offering a deep and diverse asset base; among the top-20 pairs by volume, you’ll typically find heavy hitters like BTC/USDT, ETH/USDT, SOL/USDT, and a rotating mix of high-liquidity altcoins tailored to market demand.

Unocoin supports over 90 to 120 cryptocurrencies overall and includes most of the top 25 market-cap coins—though the exact number varies by source, the platform mainly offers pairs with INR and a few crypto-crypto options.

Product Range

Bybit houses a comprehensive suite of offerings including spot, margin, perpetual and futures derivatives, options (for BTC, ETH, SOL), crypto loans, staking/Earn, P2P, copy trading, along with automated tools—such as grid bots and DCA strategies—and a Launchpad for new token projects.

Unocoin offers spot trading, an OTC desk, and a Systematic Buying Plan (SBP), alongside staking-like passive-income options and affiliate/referral programs, but lacks margin, perpetuals, options, ETFs, grid bots, copy trading, or lending services.

Liquidity

The platform consistently ranks among exchanges with high 24-hour volume, especially in BTC and ETH markets, ensuring strong book depth and tight pricing in core pairs—making it suitable for executing sizable trades with minimal slippage.

Trading volume is relatively modest compared to global platforms—typical 24-hour volume sits in the tens of thousands USD range—and order book depth for BTC/ETH remains limited due to its domestic focus.

Tools

Bybit equips users with an advanced framework: key order types (limit, stop, OCO), native alerts, robust charting w/ browser-based or TradingView-integrated tools, and a programmable interface via both REST API and WebSockets for full automation.

Traders can use market, limit, and advanced order types like Split, Ladder, and Stack; the platform offers web-based TradingView charts, mobile apps, and API/WS access, though alerting tools are not clearly highlighted.

Geographic Restrictions by Product

Some products—particularly derivatives—are blocked in jurisdictions such as the United States, United Kingdom, Mainland China, Singapore, and Quebec, meaning access to futures and options may vary depending on your location.

All features on Unocoin are only available to Indian residents; derivatives and higher-risk instruments are broadly unavailable both by design and regulatory limitations.

Innovation

Bybit continues to innovate through its Launchpad/Launchpool ecosystem, and its Earn segment features flexible and locked staking options, giving you the choice between liquidity or higher yield opportunities depending on your strategy.

Unocoin includes periodic investment (SBP), affiliate programs, Elite and Crypto Wealth Clubs for VIP support, and offers staking-like earn options, but lacks innovative features like launchpad/launchpool or flexible vs locked earn tiers.

Security, Regulation & Custody

Operating Entity & Jurisdiction

Bybit is run by Bybit Fintech Limited, established in 2018 and headquartered in Dubai, with a separate European arm (Bybit EU GmbH) based in Vienna to serve EEA users under EU regulation.

Unocoin is operated by Unocoin Technologies Pvt Ltd, incorporated in 2015 and based in Bengaluru (formerly Tumkur), India, while functioning as a wholly owned subsidiary of a Singapore-based parent company.

Licenses/Registration

It holds a MiCA crypto-asset service provider license issued by Austria’s FMA for EU operations, along with additional authorizations in Cyprus, Kazakhstan, Georgia, and a provisional license in Dubai, reflecting its regulatory reach across multiple regions.

As a domestic crypto exchange in India, Unocoin is registered with the Indian Financial Intelligence Unit (FIU-IND) under the Prevention of Money Laundering Act rather than holding a formal license like VASP in more regulated jurisdictions.

Custody

Bybit manages custody itself via Bybit EU as the custodian, using a mix of hot, warm, and cold omnibus wallets, segregating client funds from its own, and providing quarterly asset statements—with regular Proof of Reserves audits to bolster visibility.

Most user funds are held in cold storage (offline wallets secured with strong encryption), while live balances are held by Unocoin internally; there’s no publicly disclosed Proof of Reserves or formal audit percentage published.

Insurance & Protection Funds

There is no mention of a dedicated insurance fund, but the firm emphasizes tiered offline wallet security protocols and regularly published reserves for user asset protection.

Unocoin does not publicly offer exchange-backed insurance or compensation funds to cover losses from hacks or operational failures.

Incident History

In February 2025, Bybit suffered a record $1.4 billion hack—but restored liquidity within 72 hours through support from major trading firms—additionally, it faced fines and service suspensions in regions like India, Canada, and the UK following regulatory scrutiny.

There are no known major hacks or public penalties involving Unocoin; their operations have continued uninterrupted, and regulatory authorities have not issued enforcement actions.

Risk Controls

Bybit protects accounts via mandatory 2FA, whitelist options, anti-phishing codes, support for sub-accounts, and and granular API permissions, alongside real-time behavioral monitoring and withdrawal safeguards.

User accounts benefit from security measures like AES-256 encryption, mandatory two-factor authentication, and cold storage, though advanced features like whitelisted addresses, sub-accounts, or granular API permissions are not emphasized.

Transparency

The platform offers users periodic balance statements (at least once every three months), conducts public PoR audits, and operates under obligaciones de reporte for its EU entity—though there’s no public wallet viewer or explicit service-level SLA shared.

Unocoin does not publish regular reserve audits or monthly transparency reports, nor does it provide public wallet addresses or a formal uptime/service-level agreement (SLA).

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Bybit supports various fiat deposit methods—including bank transfers (like SEPA), cards, and e-wallets—with available options, limits, and processing times depending on your region and selected channel, all displayed during the deposit process.

Unocoin supports INR deposits via NEFT/RTGS/IMPS and unique virtual bank accounts, with daily minimums of around ₹100 (instant) or ₹1,000 (bank transfers) and maxima in the lakhs to crores range; funds typically hit your account within the hour when using virtual deposit, while traditional transfers may take longer.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Bybit enforces tiered identity verification: unverified users face very tight limits (e.g., only €1 deposits on EU platform), while completing basic or advanced KYC dramatically expands deposit/withdrawal caps and feature access.

Unocoin requires full identity verification—including PAN card, address proof, and selfie—before enabling deposits, withdrawals, and trading; there are no multi-level tiers like basic or advanced, just one verified status that unlocks all functions.

Withdrawals

Fiat withdrawals require first depositing via the intended method; supported networks and limits vary by currency and method—USD via SWIFT has VIP and tenure prerequisites, while other currencies use local routes like PIX, SEPA, or bank transfers with processing dependent on region and method.

Crypto withdrawals incur dynamic network fees and are processed on standard blockchain networks (e.g., ERC-20 or TRC-20 where supported), while INR withdrawals to your linked bank account are fee-free and usually settled via NEFT/RTGS/IMPS according to banking times; specific per-coin limits are not prominently published.

Customer Support

Bybit offers 24/7 live chat and email support across multiple languages, backed by a detailed Help Center; response times depend on issue complexity, but immediate help is usually available via real-time chat, and additional queries can be submitted through support tickets.

Support is available through email, a help-center ticket system, and social channels; there’s no 24/7 live chat, and while Unocoin offers a knowledge base with FAQs, user feedback suggests response times are moderate rather than instant.

Languages & Localization

The platform supports multiple languages, including native Spanish, shows fees in local currencies like €, and adjusts deposit/withdrawal availability to comply with regional regulations and payment infrastructure.

The platform is localized for Indian users with English as the primary interface language and prices displayed in INR—not in euros or dollars—and it operates under India’s local crypto regulatory environment.

App Quality & Stability

The Bybit mobile app provides full trading functionality on the go; while generally stable, users occasionally report crashes or performance hiccups—most issues resolve via updates or cache refreshes, and the team actively maintains and improves app reliability.

Unocoin’s mobile app (3.5/5 on Android) offers essential trading and wallet features, and while it is generally functional with regular updates, user reviews note occasional stability issues and room for performance improvements.

Experience, Performance & Ecosystem

UX/UI

Bybit offers both Lite and Pro modes, allowing beginners to start with a simplified interface while giving experienced traders access to customizable layouts, advanced charting, and modular widgets in the Pro mode to tailor their trading environment.

Unocoin boasts a clean, beginner-focused interface that makes getting started in crypto straightforward, though it doesn’t offer differentiated “Lite” or “Pro” modes; the unified experience emphasizes simplicity across both web and mobile platforms.

Performance

The platform is engineered for speed, with a high-capacity matching engine and low-latency execution, although users occasionally report slowness or brief app lag during extreme volatility—maintained performance relies on stable internet and recent app/browser versions.

The platform generally handles everyday trading efficiently with responsive order execution, but users have reported occasional delays during peak volatility and in processing KYC verifications when market activity surges.

Education

Bybit offers a robust learning ecosystem through its “Bybit Learn” hub featuring guides, tutorials, and AI-powered strategy tools; while demo or simulator modes aren’t formally branded, the content—some available in Spanish—supports new traders across skill levels.

Unocoin provides a comprehensive beginner-focused trading course—covering theory, strategy, and technical analysis—but it doesn’t include demo accounts, simulators, or educational content in Spanish.

Community

The exchange supports active engagement through its Help Center, plus official Telegram and Discord communities; it also features referral programs and periodic trading competitions to energize and expand its user base.

There’s an active affiliate/referral program and initiatives like community seminars and events, though the platform does not appear to run official forums or Discord/Telegram channels.

Integrations

Bybit integrates natively with TradingView charts and provides comprehensive REST and WebSocket APIs for external bots, tax tools, and reporting systems—making it highly compatible with automated trading and portfolio management tools.

Unocoin supports TradingView-style charts on its platform and exposes an API via third-party integrations like SnapTrade, but it lacks built-in support for external bots or purpose-built tax/accounting tools.

Who Each One Is Best For

Bybit shines for active and professional traders who value fast execution, depth of tools, and advanced automation; more casual users or those seeking simple buy-and-hold functionality may find the feature-rich environment a bit overpowered for their needs.

This platform is ideal for Indian beginners looking for a simple, mobile-friendly entry into crypto, whereas advanced or international traders may find its feature set and localization too basic for their needs.