How To Sell Crypto In India In Three Steps?

If you wish to sell cryptocurrency in India but are not sure, do so in the easiest way. Don’t worry; we are here to help you out.

In this article we will share with you the three steps in which you can sell crypto in India.

What is cryptocurrency?

Cryptocurrency is a digital currency that people use to carry out their transactions. Cryptocurrency is decentralized, which means that they are not governed or issued by central banks.

Also, they hold no legislative value. The value of cryptocurrency depends on what people are ready to pay for it in the market.

Let’s look at how you can sell crypto in India in three easy steps:

• Find a trusted crypto exchange to sell your crypto

• Move the crypto from the wallet to the exchange

• Sell your crypto

Now, we will look at each step in detail to understand it better.

WARNING: Please do some research on your own and find out what works best for you.

Find a trusted crypto exchange to sell your crypto:

This is the first step and the most important one to ensure a safe and easy selling experience. With the growing number of platforms in India, it is better to do your research and then only come to a conclusion.

These are some of the points that you should consider while choosing where to sell your crypto:

. Security: A platform that offers security measures such as two-factor authentication ensures that your funds and assets are safe from potential cyber threats.

. Liquidity: The liquidity on any exchange makes sure that you can easily convert your crypto into Indian Rupees (INR) at fair market prices. The liquidity should be high for better results.

. Customer support: Consider those platforms that offer customer support and assistance whenever needed.

. Regulations and Compliance: Consider those platforms that follow Indian regulations and have transparent policies to ensure safe and regulated transactions.

These are some of the points that you should keep in mind when choosing a platform for selling your crypto.
Some recommended platforms are CoinDCX, Paxful & Binance.

Also do your own research to find out the best crypto exchanges in India.

Transfer your crypto to your exchange:

You have to transfer your crypto holdings from your personal wallet to your exchange account before you get to sell your crypto on any exchange Here is how you can do it in India:

1. How can you deposit crypto on CoinDCX: Get CoinDCX

1. Log in to your CoinDCX account and go to wallets, then opt for the cryptocurrency you wish to sell and choose deposit.
2. They will provide a deposit address for that particular crypto and then you have to transfer your crypto from your wallet to the given deposit address.
3. Funds will be available in your CoinDCX wallet once the transaction is complete.

There is no limit or cap stated by CoinDCX on the number or value of transactions you can carry out on daily basis.

2. How to sell crypto using Binance? Get Binance

1. After downloading, go to P2P trade (make sure you’ve added a payment method), then choose express and then next step is to choose the crypto that you wish to sell and also the fiat currency you wish to sell it for.
2. Enter the amount of crypto you’d like to sell, choose to sell with 0 fee and choose your preferred payment method.
3. Choose confirm sale.

The limits are as follows:

3. How to sell crypto with Paxful? Get Paxful

1. Go to the Paxful dashboard and click on new offers.
2. Choose Bitcoin as your cryptocurrency and then choose Sell Bitcoin in the next step, then choose your payment method and then set up your offer trade limit.
3. Then, all you have to do is setting up an offer time limit, this will inform your trade partner of till when they have to finish the payment, and click Paid. Then click create offer.

The limits are as follows:

This is how you can actually sell your cryptocurrency in three easy steps in India. Make sure to go through their terms and conditions and offers if they have any before taking any step ahead.

Is crypto a legal tender in India?

No, crypto is not a legal tender in India. It is not regulated by any governing body in India.

Can you accept crypto as payment in India?

No, cannot be directly used as a method of payment as legal transactions in the country.

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