cryptocurrency

Bitcoin

Bitcoin is a cryptocurrency or can be said digital currency in easy words in which the transactions are done with no mediator like banks. It is generally used for international payments because bitcoins are not bounded by any country.

Or any regulation by any special country. These are the attraction of small businesses because there are no fees charged for credit cards.

It can also be called an online version of cash, you can use it as money to buy products and services but there are some countries in which bitcoin is not legal.

How to sell bitcoin in india

Here i got 4 websites to sell you bitcoins

1.Wazirx (This website provides the lowest fees and instant withdrawal.)

2.Binance (This website is for experience holder sellers.)

3.BitBNS (This website provide instant withdrawal.)

4.Localbitcoins (This website provide a P2P method to sell bitcoins in India.)

5.Paxful (This website also provides a P2P method to sell bitcoins in India.)

Wazrix -:

Steps to sell bitcoins in India using wazrix

Create an account on Wazirx
Login to the wazrix sites web app or download the mobile app on your phone.
Deposit your Bitcoins on the matrix.
Sell it for INR.

Localbitcoin-:

LocalBitcoins is the perfect website for anyone who wants to make his career in Bitcoin trading. This is a P2P market where you can sell your bitcoins at any price you want to sell. Think of LocalBitcoins as eBay for buying & selling Bitcoin. Here you decide at what price and by which method you want to sell your bitcoins on LocalBitcoins.

LocalBitcoins offer an extension to help guide that will help you to become a pro-Bitcoin seller which also keeps your account more secure.

Binance-:

Steps to sell your bitcoins on binance-:

Create an account on Binance or log in if you already have one account.
After creating an account, Select Spot and then P2P.
Then Select “I want to sell”.
Then Select BTC.
And then finally Under Fiat select INR.

Paxful -:

This is one of the most popular ways to sell Bitcoins in India. Other than selling it on an exchange where the money will come in your bank account, otherwise sell it to someone in person.

Since Bitcoin is people’s money, you can help someone to understand that how it works and help them get started. Don’t make the normal mistake of promising high returns and always let others know about the risk associated with it.

Note : P2P means peer-to-peer platforms.

Other ways-:

On a local or international exchange, you can sell them in India.
By finding a local dealer on a marketplace like Localbitcoins.com and buying bitcoins from them with cash, credit card, via PayPal, etc.

By buying or selling goods or services for bitcoins in India.

If you don’t want to purchase or sell bitcoin using the methods mentioned before, you can take or use your bitcoins for goods and services and you won’t be able to spend your bitcoins wherever you like, you can check websites like Coinmap.org to discover bitcoin-friendly services in India.

There is a KYC requirement and you need to verify your ID by just clicking a photo of your PAN card. Unocoin, another India-based exchange, lets you trade Bitcoins. They can help you buy, sell, store, use and accept bitcoin. The company claims it has over 1,50,000 customers.

Tag: cryptocurrency

Bitcoin

How to sell bitcoin in india

Top 11 sites for bitcoin wallet-: