Change in bitcoin transaction fee and number of confirmations


Dear customers,

Due to network congestion that the bitcoin blockchain is facing, we are changing the fee while sending bitcoin from 0.0001 to 0.0002 BTC. The fee will be used to pay the transaction fee to the bitcoin miner which secures your transaction. While we are collecting 0.0002 as a fixed fee when you send BTC to a bitcoin address, we will internally calculate and pay the optimum dynamic fee to make sure your transaction will get confirmed at the earliest.

Also now, Unocoin will only wait for 3 confirmations instead of 6 confirmations to give credit to customer’s Unocoin wallet when ever he do deposit bitcoin into his Unocoin’s bitcoin address. On an average, this reduces the waiting time from 1 hour to half an hour.