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Topic: How do YOU convert your Bitcoins to INR ? (Read 1008 times)

jr. member
Activity: 69
Merit: 1
August 23, 2021, 01:43:02 PM
#48
It's so easy many exchange give this opportunity to xonvy your bitcoin to INR Like binance, Wazrix in this exchange we can easily convert bitcoin to Inr  in very low fee and withdraw in to bank account .
newbie
Activity: 88
Merit: 0
August 23, 2021, 03:27:54 AM
#47
if you want to convert your bitcoin to INR there are so many options you can easily convert your btc into INR and get your withdrawal in your bank account.
there are So many popular exchanges are:
wazirx
zebpay
bitbns
coindcx
they also provide  UPI /IMPS/NEFT Services.
i personally use wazirx because of its fast withdrawal

I would request to op to please avoid using these exchanges at any cost if you are holding a significant amount of bitcoins or other cryptos. All of these exchanges require kyc and they are Indian exchanges. So they are obligated to share their customer details to the related government agencies upon request.

Always use websites like localbitcoins or Paxful or Bisq and stick to them. They will also ask KYC after you reach to a certain volume but they are not obligated to comply with Indian Law.

If you pay your taxes, it shouldn't be a problem, is it?

how do you declare your crypto earnings? and what to do if you are holding bitcoins since very long time. How to declare that?
Process seems very complicated
copper member
Activity: 770
Merit: 1
August 21, 2021, 06:21:31 AM
#46
In India now we have some good exchange to trade and withdraw. First unicoin and zebpay was working but now wazirx, Biting, coindcx has come to make trade and withdrawal very fast. These exchanges comes with UPI /IMPS/NEFT Services With these formula we can withdraw cash. Another p2p market comes called remitano he also provide a good withdrawal system but these days Binance has all the facility for all Indian user Where you can deposit or withdraw inr very smoothly. Thanks to Binance team and their extremely hard work.
jr. member
Activity: 111
Merit: 1
August 16, 2021, 12:03:30 PM
#45
It's easy method to convert bitcoin to INR many exchange giving this opportunity but best exchange for convert easily bitcoin to Inr and easily withdraw in to your bank account binance and Wazrix in this app we can easily convert every coin into INR easily
member
Activity: 283
Merit: 10
August 05, 2021, 12:08:13 PM
#44
You can easily covert your bitcoin to INR  you can convert from many  exchange like, binance ,Wazrix these exchange have full security system so without any feer you can withdraw you bitcoin in to your bank account or sell on P2P and get INR direct in to your  account
hero member
Activity: 2464
Merit: 934
if you want to convert your bitcoin to INR there are so many options you can easily convert your btc into INR and get your withdrawal in your bank account.
there are So many popular exchanges are:
wazirx
zebpay
bitbns
coindcx
they also provide  UPI /IMPS/NEFT Services.
i personally use wazirx because of its fast withdrawal

I would request to op to please avoid using these exchanges at any cost if you are holding a significant amount of bitcoins or other cryptos. All of these exchanges require kyc and they are Indian exchanges. So they are obligated to share their customer details to the related government agencies upon request.

Always use websites like localbitcoins or Paxful or Bisq and stick to them. They will also ask KYC after you reach to a certain volume but they are not obligated to comply with Indian Law.

If you pay your taxes, it shouldn't be a problem, is it?
hero member
Activity: 1498
Merit: 502
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
The Most Easy Way to Sell Bitcoin and Transfer money to Bank account is P2P (Peer to Peer) Trading , and P2P Trading Feature Available in Many Exchanges but The Best Exchange is Binance, And as indian users wazirx is also good. First of all you have to sell bitcoin and convert to usdt and then sell usdt In P2p to any buyer , the buyer will send money to your bank account and then you will release the usdt which will send to buyer account
legendary
Activity: 3024
Merit: 1496
if you want to convert your bitcoin to INR there are so many options you can easily convert your btc into INR and get your withdrawal in your bank account.
there are So many popular exchanges are:
wazirx
zebpay
bitbns
coindcx
they also provide  UPI /IMPS/NEFT Services.
i personally use wazirx because of its fast withdrawal

I would request to op to please avoid using these exchanges at any cost if you are holding a significant amount of bitcoins or other cryptos. All of these exchanges require kyc and they are Indian exchanges. So they are obligated to share their customer details to the related government agencies upon request.

Always use websites like localbitcoins or Paxful or Bisq and stick to them. They will also ask KYC after you reach to a certain volume but they are not obligated to comply with Indian Law.
copper member
Activity: 770
Merit: 1
We now have many ways to convert our bitcoin to inr. Earlier we use zebpay and unocoin to receive inr in our bank. Thereafter so many exchanges come to india with good features and they serve well link wazirx and bitbns. Then comes remitano a great platform for indians to give inr instead of bitcoins. Now at present time we have all solutions at one place called Binance. We can easily deposit and withdraw inr peer to peer from this Exchange. Thank you
sr. member
Activity: 2226
Merit: 270
Chainjoes.com
Wizerx best india exchenge buy btc And others crypto coins ,
 l am used 1 years wizerx trusted exchanges and very good. Withdraw and deposit very first compare to other
Exchange.

I dont think there is any exchange with that name, maybe you meant wazirx. It is not available in every countries for P2P exchange.
newbie
Activity: 504
Merit: 0
Wizerx best india exchenge buy btc And others crypto coins ,
 l am used 1 years wizerx trusted exchanges and very good. Withdraw and deposit very first compare to other
Exchange.
newbie
Activity: 28
Merit: 0
January 29, 2021, 08:57:07 AM
#37
My friend wants to buy bitcoin for cash, has anyone done that and any good references..
full member
Activity: 155
Merit: 102
January 28, 2021, 05:42:46 AM
#36
~snip~

Every one of your posts is about PCEX Member exchange. This doesn't really bring anything useful to the community, all of your posts state more or less the same thing and you aren't contributing to the community except just promoting PCEX Member exchange. Just a suggestion: try to participate in constructive and meaningful discussion in this board, it will both help you and this Indian board.



As for how I convert my BTC to INR, I have previously used bitrefill before, when bitcoin was pretty low compared to today, around 2017. It was useful for making micro payments. I have also used localbitcoins once, to convert a small amount of BTC to fiat, it allows P2P exchange and thus its better imho than the centralized exchanges that require loads of KYC, especially now looking at the BuyUcoin hack.
sr. member
Activity: 898
Merit: 284
January 24, 2021, 06:44:38 AM
#35
You can convert your Bitcoins to INR on PCEX Member.

PCEX Member is an India based crypto trading platform on which you can buy, sell or trade cryptocurrencies in INR.

They charge the lowest trading fee of 0.3% in the spot market along with zero deposit and withdrawal fee.

You do not need to pay huge fees on trade and any charges for deposit and withdrawal, unlike other cryptocurrency exchanges.

They also offer Futures Trading in the crypto market. You can trade Futures of mainstream cryptocurrencies like BTC, BCH, ETH, LTC, XRP, XMR, DASH, ETC, EOS, BSV, LINK & DOT with up to 30X Leverage.

You can trade on their android app as well, it is available on the Google Play Store.
I suggest one should avoid lesser known new exchanges yo avoid being scammed. There are some good reuptes and old crypto exchanges mentioned in this thread. Op should try them.
full member
Activity: 700
Merit: 182
December 20, 2020, 08:28:44 AM
#34
In India there has a lot of option for crypto users. You guys can use wazirx exchange plus you guys gonna get bank option too. Now bitcoin is a legalize currency in india thats a very good news too. I heard a news that some banks are going to make a different sector for crypto currency buy sell this a huge opportunity and will be very easy for users. Though i am from Bangladesh and Still Bangladesh didn't give us chance to use crypto. It is still irregulated. So we are facing lots of problem to exchange crypto to money. We have to think lots of time before sending money to anyone. Because spaming is everywhere. Still we are trying to use crypto from staying an Against direction.
sr. member
Activity: 898
Merit: 284
December 13, 2020, 04:58:43 AM
#33
I use localbitcoin. Always sell or buy from traders who have done several trades. Newbie can scam you.
newbie
Activity: 310
Merit: 0
October 31, 2020, 11:38:02 AM
#32
Wazirx.com is the best. It's easy to deposit and convert just like in other exchanges. Deposit trx as it cost low fees and sell for IC. After having IC deposit to your Bank Account.
jr. member
Activity: 345
Merit: 2
September 07, 2020, 08:22:32 AM
#31
There are so many cryptocurrency exchange available in india like localbitcoins,zebpay,coindcx,wazirx etc.but I will highly recommend everyone to use localbitcoins because this is one of the oldest website which works worldwide in this you can use all the Indian payment methods like paytm mobikwik,upi and you can also direct transfer in bank
sr. member
Activity: 1162
Merit: 260
You can use WazirX, it offers P2p options to buy and sell bitcoins with INR, WazirX now is also acquired by binance.  Even now as the RBI ban has been lifted so you can use ZEBPAY as well.  I personally used both of the platforms and some times I also look for a local buyer.
copper member
Activity: 36
Merit: 1
Buy, Sell & Exchange It.
Quote
Regarding your AML & KYC policy — There should be specific criteria on when to ask user for kyc, many with similar policy ask for kyc just after user deposits funds, and then his funds get stuck.

Currently, we do not ask each user to go through KYC, it is required only if a transaction is flagged by our system.

We are implementing a new KYC system, which will be easier, and verification will be done during the transaction but before making the deposit.
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