Crypto exchanges are an integral part of the virtual currency world and is the backbone of the ecosystem. It is a digital marketplace for users to buy and sell cryptos using different currencies. The digital currency does not have a home market and is not regulated by any single bank, so the exchanges are spread around the world. Cryptocurrencies can be exchanged for either fiat money or other cryptocurrencies. The exchange serves as the middleman for traders of crypto.
U-Coin is a crypto trading company that is gaining a lot of traction especially in the Chinese market.
U-Coin is one of the world’s leading digital asset trading platforms. It is part of a cryptocurrency ecosystem that provides streamlined digital asset exchange services. They are dedicated to providing a secure and reliable trading platform for professional users and all those interested in virtual currency. They have an industry standard selling fees of 0.2% and a withdrawal fees of 0.5%.
Owned by Union coins limited, U-Coin team builds communities around the world. Now their functional communities are there in United States, Australia, Hong Kong, Singapore, Thailand and other countries committed to building a world-class a better blockchain ecosystem.
The biggest selling point about U-Coin is that it is supported in both Chinese and English. Majority of the platform’s content is in Chinese which means that most of the traders on the site are from that region.
How To Deposit BTC And UT?
Initially you will need to create an account with the website. All you need is a valid phone number and an E-mail ID.
- BTC: The user has to select the top up menu in the financial center, then go to deposits and then BTC. Copy the address provided and then fill your wallet with the appropriate address to complete the deposit. BTC crediting time network nodes need to confirm where usually up to 6 nodes can be confirmed.
- UT: The user selects the top-up menu in Financial Center, select deposit and choose UT. Enter the key obtained by your agent and finish the top-up. UT is credited immediately.
How does their 2 factor authentication work?
- Login password: It is the basic login required to get on the user dashboard. You can use your email id and mobile numbers to login. In case you forget your password, you get notified on respective devices.
- Admin password: It is the password needed to log on to the trading platform. This is the second safety net to verify that the trading operation is your personal.
If you are a Chinese user or trader this platform might be a good option for you, but since you are reading this article it is assumed that you are an English speaking user. As all the instructions are first written in Chinese and then converted in English, some instructions might not be clear. Other than that they are a generic trading site with all the basic features required on an exchange platform.
More information on the website is available on https://uncoinex.com/