Great Article
Well, i've doubt about converting bitcoin into rupees.......plz clarify me............
There ate two ways to convert your bitcoin into cash.
1)selling bitcoin to official exchange-there are many sites in india like zebpay,coinsecure,btcxindia,unocoin etc which gives you bank money for bitcoin or in other words they convert your btc to cash.
process-to sell bitcoin on exchange make account with your detail and conform your identity,fill your kyc form (these are mostly required by all exchange).now send btc to given deposit wallet now your btc is sold and you got cash for your btc at current exchange rate.
2)selling bitcoin to any person-in this process this method is as simple as selling your gold to any person or Goldsmith.
just send your bitcoin to his/her wallet and he will give you cash for this.and remember aware this method for bulk selling.
hope it will help to you.