UPDATE 1 February 2020: We have not been able to access this site for quite some time. We just receive error messages when trying to go to their website. Accordingly, we believe that this exchange has closed down. We have marked it as dead in our database. If the site would go live again, we will revive it and remove it from our Exchange Graveyard.
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A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Unichange consists of four parts: general information, fees, deposit methods and security.
Unichange is a coin exchange registered in Saint Vincent and the Grenadines.
Unichange does not explicitly state that US-investors can’t trade at its platform. Accordingly, we do believe that US-investors can trade here.
Unichange also has an affiliate program. Through this program, you can invite new users to the platform and when they trade at the exchange so that the exchange receives trading fees, you get a share of those fees. That share will be 10%, 15,% or 20% dependent upon how much trading your invited users have done.
Unichange Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. At this exchange, there is only an order box. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the purchase interface at Unichange:
Unichange Trading fees
At Unichange, you can sell BTC in a lot of different ways, and also purchase BTC if you use the Perfect Money or FasaPay payment services. You can also purchase USDT (but not sell). You can’t purchase or sell Litecoin in spite of the logotype of Litecoin being included below the below fee overview. This exchange is however not for people who want to trade the smaller coins (Taler Coin, Tokenstars Coin, Truckcoin, SuperNET Coin, Yashcoin, or any coin with a similar market capitalization to those). So, if you seek any of those, you’ll have to choose another exchange.
The different transactions that are possible and the fees involved in each are as follows:
Unichange Withdrawal fees
Due to the way this exchange works, there are no real withdrawal fees to speak of. You could say that the exchange includes the withdrawal fees in the other trading fees set out in the above fee picture.
Here, you can deposit through both wire transfer and credit cards (the latter if using PayPal). This can be helpful especially for newer crypto investors.
The fees involved can be nasty though. Different from many other exchanges with a similar set-up, Unichange details their fees in the above picture though. So that’s at least a star in our book.
One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. Two reasons:
- Exchanges store a massive amount of valuable personally identifiable information.
- Exchanges handle a lot of cash or coin deposits and withdrawals.
This platform’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below the industry average when it comes to the top crypto exchanges.
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: