Unocoin is a bitcoin wallet which is good for a new user because one can get free Rs 200 worth bitcoin if they use promo code FBE200 while registration and also get Rs 10 paytm cash if one uses my referral code U364083. That amount can be used to do mobile and dth recharges and also top-up bookmyshow wallet.
But when it comes to buying and selling actual bitcoin, unocoin is not useful. The main reason is the difference between the buying and selling price which is almost 20, 000 rs at current price of bitcoin i.e, rs 2, 70, 000. Whereas in Zebpay, which is another bitcoin wallet, the price difference is only Rs 10, 000 according to current price. Also the transaction charges while adding money through net banking reduces the profit margin for short term investors.
So, even is someone makes profit according to the buying price, one can still not be profitable according to the low selling price.
As, on 22 august 2017 the difference between buying and selling prices have reduced to some extent. So, may be they have reduced it temporarily.