How to sell bitcoin in India? | Bitcointalksearch.org

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

I know an AI generated post when I see one and OP is onto something. Maybe merit hunting or trying to shill some exchange but he has no content so he/she resorts to using AI which to me is rather a bad move

Out of curiosity, I just asked this on ChatGPT and this was the response

Me:
How to sell bitcoin in India?

Quote

ChatGPT:
Selling Bitcoin in India involves a few steps. Here is a general guide:

Choose a Cryptocurrency Exchange:
Select a reputable cryptocurrency exchange that operates in India. Some popular exchanges include WazirX, CoinSwitch, and Unocoin.

Create an Account:
Sign up for an account on the chosen exchange. You will need to provide necessary information for identity verification.

Complete Identity Verification:
Complete the KYC (Know Your Customer) process, which typically involves submitting identification documents such as Aadhar card, PAN card, and a photograph.

Deposit Bitcoin:
Deposit the Bitcoin you want to sell into your exchange wallet. The exchange will provide you with a wallet address for this purpose.

Place a Sell Order:
Once your Bitcoin is deposited, navigate to the trading section of the exchange and place a sell order. You can choose to sell at the current market price or set a specific price.

Withdraw INR (Indian Rupees):
After your sell order is fulfilled, you will have the equivalent amount in INR in your exchange wallet. You can then withdraw this amount to your bank account.

Withdraw to Bank Account:
Follow the withdrawal process on the exchange to transfer the funds to your linked bank account.

Orpichukwu

sr. member

Activity: 658

Merit: 387

@Mariyamfranklin Why create multiple threads for the same exchange advertisement? The exchange looks okay and solid to me based on their current 24-hour trading volume but the means by which you are using to give advice might really not make it appear good in the eyes of others. You should also move the thread to the idea board as suggested to you before, if you even come back to check on your thread and know what's going on there.

Instead of coming back next time to create another thread, you can just update the ones you already have about the same exchange. If there are any new updates or promotions, you can add them there, and everyone can see them instead of creating threads about the exchange every now and then.

knowngunman

sr. member

Activity: 798

Merit: 364

Interesting! This is a general procedure for selling Bitcoin in almost every part of the world and not only in India. Just like the reply I qoute below, if you think it has more to do with Indian people then you should consider posting it in Indian local board in order to get more attention it deserves. Although, I believe everyone who's into crypto should know this procedures because it's better you find out how to convert your coins to fiat before you should even think of holding it.

Quote from: acroman08 on November 20, 2023, 08:32:31 AM

just curious, are you part of Koinpark marketing team? I am asking because, in all of your posts, you have mentioned Koinpark. I also saw that you already posted what I assume is an ANN thread. you might also want to post an ANN thread on the Indian board since the exchange you are advertising is focused on India(as you said)

I will not agree less because we have some other reputable exchanges operating in India but focusing on this particular exchange speaks something of such. Well, there's nothing wrong in running an ads but if that's the case then, op should move his thread to exchange or services board.

acroman08

legendary

Activity: 2520

Merit: 1113

just curious, are you part of Koinpark marketing team? I am asking because, in all of your posts, you have mentioned Koinpark. I also saw that you already posted what I assume is an ANN thread. you might also want to post an ANN thread on the Indian board since the exchange you are advertising is focused on India(as you said)

Mariyamfranklin

newbie

Activity: 5

Merit: 0

In most cases, selling Bitcoin in India requires using a cryptocurrency exchange. Here are some steps you can undergo:

Select an exchange: Look for a cryptocurrency exchange that specializes in India. Koinpark is a prominent exchange in India.

Create an Account: Register for an account on the chosen exchange, where you may be required to provide personal information

Complete the KYC procedure: Many Indian exchanges have Know Your Customer (KYC) procedures. To comply with regulatory standards, ensure that you complete the KYC procedure, including providing any needed documents.
Deposit Bitcoin: Once your account has been properly verified, deposit the Bitcoin (BTC to INR) that you are going to sell into your exchange wallet. Creating a deposit address on the exchange and transferring your Bitcoin from your wallet to the exchange wallet are typical procedures.

Place a Sell Order: Go to the trading part of the exchange site and place a sell order for your Bitcoin (BTC to INR). You must mention the amount and price of Bitcoin you wish to sell.

Withdraw INR (Indian Rupees): After your sell order is executed, INR will be credited to your exchange account. You can then withdraw this INR to your associated bank account. Follow the exchange's withdrawal process, which may require you to provide additional banking details.

Topic: How to sell bitcoin in India? (Read 90 times)