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

Trying to choose between Unocoin and Safetrade 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

Unocoin

Safetrade

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Available Countries

United States

Europe

Latin America

India

Yes

China

Canada

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Yes

Canada

Yes

United Kingdom

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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.

Safetrade is ideal if:

Great for altcoin explorers If you're keen to trade lesser-known or emerging cryptocurrencies, SafeTrade offers a broad variety of altcoins alongside popular ones, making it a good match.
Ideal if low fees matter With a straightforward, flat trading fee structure that’s competitively lower than many industry standards, it's a smart choice for cost-conscious traders.
Suited for users valuing interface and support The platform features a beginner-friendly design and offers responsive support via channels like email and Discord, simplifying your trading journey.

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.

Safetrade isn’t ideal if:

Regulatory safety is a must If you need the legal protection of a regulated exchange, SafeTrade’s lack of oversight may leave you exposed to unnecessary risk.
You prefer fiat trading options If entering via your local currency is important, SafeTrade’s predominantly crypto-only pairs can be limiting for newcomers.
You trade large volumes or need liquidity For high-volume trades or deep order books, SafeTrade’s thinner liquidity may result in unfavorable price slippage or delays.

Fees & Total Costs

Spot Maker/Take

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.

SafeTrade applies a flat trading fee of around 0.1 % for both maker and taker orders regardless of volume, with no tiered discounts or benefits tied to holding a native token like SAFE.

Futures/Derivatives

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

SafeTrade does not offer futures or derivative contracts, so there are no associated maker/taker or funding costs to consider.

Average Spreads on Liquid Pairs

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

While SafeTrade uses direct crypto-to-crypto pairs, spread data isn’t formally published, and anecdotal experience shows reasonable execution on major pairs with moderate slippage for small to mid-sized trades due to lighter liquidity.

Fiat Deposits & Withdrawals

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.

SafeTrade does not support fiat deposits or withdrawals; you must deposit using cryptocurrencies only, so there are no fiat-based funding channels, fees, or timeframes to manage.

On-chain Withdrawals

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.

Withdrawal costs on SafeTrade follow variable blockchain network fees depending on the asset (e.g. BTC, ETH, TRX), so these on-chain charges are dynamic and not fixed by the platform itself.

Hidden Costs

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.

There are no hidden penalties; SafeTrade doesn’t charge for account inactivity, KYC speed upgrades, or fiat conversion—most extra costs are simply the blockchain fees for crypto withdrawals.

Real-World Cost Example: “€500 BTC

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.

If you deposit €500 worth of BTC via another platform and transfer it in, you’d pay SafeTrade’s ~0.1 % trading fee when buying BTC, incur standard spread/slippage in the BTC/USDT pair, and finally pay only the normal network withdrawal fee—no additional markup.

Crypto Offering & Trading Features

Number of Coins & Pairs

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.

SafeTrade lists approximately 44–50 cryptocurrencies across about 70–80 trading pairs, with the top 20 by volume typically featuring assets like QUBIC/USDT, QTC/USDT, BTC/USDT, ETH/BTC, and others—reflecting modest but focused coverage.

Product Range

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.

The platform offers spot trading only, with no support for margin, perpetuals, options, ETFs, copy trading, or bots—though it does provide staking in a simplified form, earning users passive rewards on holdings.

Liquidity

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.

SafeTrade logs sub-1 million USD daily trading volume, led by a few pairs like QUBIC/USDT; its liquidity remains light, meaning deeper trades may face noticeable slippage due to limited order book depth.

Tools

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.

You’ll find basic limit and market orders, with no margin, OCO, advanced charting, alerts, API/WebSocket, or native TradingView support—simplifying the interface at the cost of advanced functionality.

Geographic Restrictions by Product

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

There are no specific geographic restrictions disclosed per region, but given the absence of regulated derivatives and full licensing, complex products like futures likely remain unavailable regardless of your location.

Innovation

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.

SafeTrade does not currently support launchpads, launchpools, or differentiated staking structures—staked assets earn simple rewards, with no flexible vs. locked variations or new token launch mechanisms.

Security, Regulation & Custody

Operating Entity & Jurisdiction

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.

SafeTrade operates under a centralized corporate entity founded around 2018, officially headquartered in Saint Vincent and the Grenadines, with some references also linking it to Canada.

Licenses/Registration

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.

The platform operates without licensing from major financial authorities and lacks formal VASP or MiCA regulation, meaning it is essentially unregulated by top-tier or regional crypto oversight frameworks.

Custody

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.

User assets are primarily held in cold storage with internal custody; there’s no public proof of reserves or third-party audit reports verifying holdings or cold-storage percentages.

Insurance & Protection Funds

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

There is no mention of insurance coverage or dedicated protection funds to compensate users in case of loss, hack, or operational failure.

Incident History

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

There are no widely confirmed reports of large-scale hacks, platform suspensions, or regulatory penalties, though user complaints exist; however, no official incident disclosure or transparency report is available.

Risk Controls

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.

SafeTrade supports standard two-factor authentication (2FA), and employs cold storage and encryption; there’s no indication of advanced measures such as withdrawal whitelists, anti-phishing tools, sub-accounts, or granular API permissions.

Transparency

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).

The platform does not publish regular transparency reports, dedicate a public wallet explorer, or offer service-level agreements; overall visibility into operations and system integrity remains limited.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

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.

SafeTrade does not currently offer fiat deposit options—no transfers, cards, or e-wallets are supported; you’ll need to deposit cryptocurrency instead, and specifics on deposit thresholds or timing are not outlined on platform.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

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.

SafeTrade requires KYC verification to activate trading, but details on tiered verification levels, or account limits tied to KYC status, are not clearly laid out—so expect a single-step process without published thresholds for trading limits.

Withdrawals

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.

Withdrawals are processed on-chain with support for networks like BSC, Tron, and Ethereum—with BSC and Tron being faster and cheaper; exact daily limits or withdrawal lead times vary by asset and are not standardized publicly.

Customer Support

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.

They offer support through email, support tickets, Telegram, and occasionally live chat; there’s an FAQ and announcements hub, but response times vary according to user feedback—some praise responsiveness on Discord, while others report delays.

Languages & Localization

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.

The interface and customer communications are primarily in English, fees are displayed in crypto or US dollars, and there’s no strong indication of local regulatory alignment or multi-currency display beyond that.

App Quality & Stability

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.

SafeTrade offers mobile-friendly access without native iOS or Android apps, and while the web interface is generally smooth and stable, there are user-reported occasional bugs and no public data on crash rates or recent update frequency to assess overall app reliability.

Experience, Performance & Ecosystem

UX/UI

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.

SafeTrade delivers a clean and minimalistic interface with a very gentle learning curve—no Lite/Pro toggle, just a straightforward, uncluttered trading view that makes it feel welcoming for newcomers and efficient for casual users.

Performance

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.

Trading on SafeTrade generally sees fast order execution and prompt deposit/withdrawal processing, even during spikes; there are no widely reported system crashes or KYC bottlenecks, suggesting functional resilience under load.

Education

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.

SafeTrade doesn’t currently offer a dedicated academy, demo environment, or Spanish-language educational materials; its support comes through FAQs and announcements rather than structured learning or simulation tools.

Community

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.

SafeTrade fosters an active community presence via its official Discord channel and supports an affiliate referral program, allowing users to engage directly and participate in platform discussions or growth initiatives.

Integrations

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.

Integration options are minimal—SafeTrade does not embed TradingView charts or support third-party bots or tax/accounting tools; its ecosystem remains lightweight and self-contained.

Who Each One Is Best For

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.

SafeTrade is well-suited for a casual or beginner trader seeking a clean, no-frills interface for spot trading of familiar cryptocurrencies—less ideal for professionals, power users, or those needing advanced tools or rich educational resources.