Dec 14, · Once you have your Bitcoins in any of the Indian Bitcoin Exchanges you can instantly TransferBitcoin to Indian Bank Account. Here are some of the Indian Bitcoin Exchanges that you can use to convert your Bitcoins to INR. Coinsecure is one of the Best Indian Bitcoin Exchanges to Convert your Bitcoins to INR. Enter the amount to be converted in the box to the left of Bitcoin. Use "Swap currencies" to make Indian Rupee the default currency. Click on Indian Rupees or Bitcoins to convert between that currency and all other currencies. Manage Tasks Online Free Doozoon To . There is one easier and newest way of doing this, which is applicable for almost all cryptocurrencies or alt coins: 1. You need to hold active accounts on two exchanges Binance and WazirX. 2. Binance and WazirX have an option of linking accounts .
How to convert bitcoin into indian currencyHow to Convert Bitcoins to Dollars: 11 Steps (with Pictures)
Bitcoin moves well and is limited in supply which is why it has been outcompeting both since its creation in It is only natural for it to grow in its value over time, irrespective of what the pundits say, and when it bound is to increase in its value, the obvious question of realizing your profits come in. Hence, I think it is apt to talk about the questions that come to mind while selling Bitcoins for cash.
However, before you pick any of the listed methods, you need to find out how you want to receive your fiat. You can sell Bitcoins in person for cash or you can sell it on exchanges and get the money directly deposited into your bank account. You also have the option to spend your Bitcoin to buy stuff from Amazon using services like Lolli or Bitrefill.
However, I assume for now you want to sell your Bitcoins and get hard cash in person or directly in your bank account. The easiest way is to find out fiat accepting exchanges in your country.
Some of the exchanges that allow you to do so are listed below. I understand that all the above options might not work globally because the cash system varies from country to country.
It is a P2P Bitcoin exchange. It has on-ground buyers and sellers in more than 15, cities across countries. Chances are, you will find a buyer in your country via LocalBitcoins. The beauty of Localbitcoins is that you dealing with the buyer directly and you can receive money in any of the supported formats bank deposit, PayPal , Payoneer, cash. You can either pay in cash or wire the amount. You can simply filter your country based on the payment mode you want to choose.
Just so you know, all the fees here is set by the seller while LocalBitcoins acts as an escrow manager. LocalBitcoin is surely the easiest way for the resident of any country to redeem their Bitcoin for cash. If you are not in a hurry of converting your BTC into the fiat currency of your country and also want to avoid your tax liabilities for some time, you can convert Bitcoin into USDT Tether.
Moving cash in and out of your bank account regularly makes you accountable and may add to your taxes. This will also reduce your headache of always transferring in fiat currencies to exchanges to buy Bitcoins because USDT can be used to buy Bitcoins later if you want.
Some of these exchanges are listed below. Related Articles. Article Summary. Part 1 of Compare the rates offered by different conversion services and choose the best one. Even when the average bitcoin conversion rate improves, different conversion services offer different conversion rates. All other things being equal, you should go with the second service to get the most out of your bitcoins. Convert your bitcoin using a service with low fees. Conversion services typically charge a fee for conversion.
Sometimes there is a flat fee no matter how much you exchange, and sometimes the conversion service charges a percentage of the amount you exchange.
Compare the fees associated with the various conversion services and select one that offers the best deal. There are several ways to verify that a bitcoin conversion site is safe. One is to check reputable sources for reviews that verify the integrity of a given site. Another way is to ensure that the site the service manages uses https as opposed to the less secure http in their URL.
Finally, use a conversion service that allows two-factor identification, ensuring that only you will be able to approve bitcoin conversions. Select a service that offers low transfer times. Some sites transfer bitcoins to your account after 5 days, but faster services could convert your bitcoins to dollars in 3 days or less.
Part 2 of Sign up for an account. Signing up for an account involves providing your name, date of birth, address, email address, phone number, and other personal information. Select the strongest security options when you sign up. You might also want to enable a multi-signature option, which requires multiple independent approvals before making a bitcoin conversion or withdrawal. Deposit your bitcoins in the marketplace. The specific mechanism by which you deposit your bitcoins will vary depending on how your bitcoins are currently stored.
Typically, depositing your bitcoins is as easy as clicking "Deposit bitcoins" or something similar near the top of the marketplace's home page.
Part 3 of Convert your bitcoins when the exchange rate is favorable. Over time, exchange rates rise and fall. Wait to exchange your bitcoins until the corresponding dollar value rises.
Check the exchange rate regularly online or sign up for a service that updates you on the bitcoin-to-dollar exchange rate so you'll know when it improves. Sell your bitcoins in the marketplace. Some marketplaces allow you to sell your bitcoins to another person. Others allow you to sell them directly to the marketplace, which will then resell them to interested buyers later. We should have a working exchange that links to bank accounts during the first half of the year.
There is a rock solid build coming up. Active Oldest Votes. ThePiachu ThePiachu Stephen Gornick Stephen Gornick Stephen, it will be great if you can update your answer and list new options such as buysellbitco. Ian Purton Ian Purton 1, 6 6 silver badges 12 12 bronze badges. Disclaimer : I am co founder of Zebpay. Edit : Rates are always displayed on website. You can also subscribe to twitter feed for rate update buysellbitcoin. Once you generate order via web site, you will be given a bitcoin address.
Send your bitcoins to that address in 15 minutes to confirm your order. To verify you need to upload copy of your PAN card on "get verified" tab on home page. Thanks, Mahin Disclaimer : I work for buysellbitco.
Hello Mahin, welcome to bitcoin. You might want to add additional bits such as an overview of the fees and other helpful information in order to make your answer even more useful. Hey Murch, sure I will do that now. The Overflow Blog. Podcast What can you program in just one tweet?