Exchange FAQs | Unocoin
Can I buy/sell crypto assets without registration and verification?
- No.
- You must register on Unocoin and complete verification by providing:
- Bank details
- PAN card
- Address proof
- Photograph
- Once verified, you can start spot trading.
What is Spot Trading?
- Spot Trading allows you to buy or sell cryptocurrencies at real-time market prices. You directly own the crypto asset after purchase.
What is the difference between Spot and Futures trading?
- Spot Trading – You buy and own the crypto asset
- Futures Trading – You trade contracts without owning the asset
Is Spot Trading risky?
- Spot trading carries market risk as prices can fluctuate. However, there is no leverage risk, making it safer than futures trading.
What is the minimum amount required for Spot Trading?
- The minimum amount depends on the trading pair. You can view the minimum value while placing an order.
Why is my order not getting executed?
- Your order may not execute if:
- The price has not reached your limit price
- There is low market liquidity
Can I place multiple orders at the same time?
- Yes. You can place multiple buy and sell orders simultaneously across different trading pairs.
How long does it take for an order to execute?
- Market Order – Instant
- Limit Order – Depends on market price
Where can I see my trade history?
- You can view your trade history in the Orders / Trade History section.
What is an order book?
- The order book shows all open (unfilled) buy and sell orders for a trading pair. It helps you understand market demand and supply.
How do I place a buy/sell order?
- Unocoin supports:
- Market Orders – Execute instantly at current price
- Limit Orders – Execute at your chosen price
- You can select the order type and place your trade accordingly.
How do I cancel an order?
- Go to My Orders
- Navigate to Open Orders
- Click the cancel/delete icon
- Your order will be cancelled instantly
What are the charges for withdrawals?
- INR withdrawal – Free
- Crypto withdrawal – Network (miner) fees apply
- Refer to the fees page for details.
What are Maker and Taker orders?
- Maker – Places an order that adds liquidity (not executed immediately)
- Taker – Places an order that executes instantly at market price
Why is my available balance less than my total balance?
- Funds used in open orders are temporarily locked. They will be available again once the order is executed or cancelled.
What is a Market Order?
- A Market Order is executed instantly at the best available price. You only need to specify the amount or quantity.
What is a Limit Order?
- A Limit Order allows you to set the price at which you want to buy or sell. The order will execute only when the market reaches your specified price.
What is a Stop Loss Order?
- A stop-loss order helps limit losses. When the trigger price is reached, a Market Order is automatically placed.
What is a Stop Limit Order?
- A Stop Limit Order combines a trigger price and a limit price. Once triggered, a Limit Order is placed instead of a market order.
What is a Ladder (Stack) Order?
- A Ladder Order allows placing multiple limit orders in sequence. Each order is triggered after the previous one is executed.
What is a Split Order?
- A Split Order divides a large order into smaller limit orders. This helps reduce market impact and improve execution.