That indicates that in a year, the value of BTC has reduced by 64.19%. Looking back at a year’s statistics, BTC has changed by INR 2,493,677. the highest rate of 1 BTC to INR was INR 16,878 and the lowest value was for INR 16,273. On the other hand, INR 50 would convert to 0.00003594 BTC without platform or gas fees included.Īccording to Coinbase data released last week, the exchange rate has gone up by 2.14% and in the last 24 hours, the exchange rate has changed by 0.47% i.e. Inversely, the amount INR 1 would allow you to trade Bitcoin for 0.00000072. If you wish to buy 5 Bitcoins it would cost you INR 6,955,904. Step 4: You can later withdraw the funds to your Bank account. Step 3: Once your order is executed, you will receive INR in your funds. For instance, while executing your order, you can select the highest price choice and then place the order.
Step 2: Enter the value and rate at which you want to sell your bitcoin.
Step 1: Go on the WazirX portal and click on the Sell Option For example, if you choose to sell your bitcoin from the WazirX platform follow the below steps: Steps To Sell BitcoinĬhoose a crypto exchange to sell your bitcoin.
Step 3: Once your order is executed, you will receive bitcoin in your funds. For instance, while executing your order, you can select the lowest price choice and then place the order. Step 2: Enter the value and rate at which you want to buy bitcoin. Step 1: Visit the WazirX portal and select the Buy Option For example, follow the below steps to purchase bitcoin from the WazirX platform. You can buy bitcoin and other cryptocurrencies from crypto exchange platforms. One can invest as low as INR 100 in less than a minute in Bitcoin. You can use applications or online platforms like WazirX, CoinDCX, ZebPay and more. Crypto exchanges are one of the platforms that help users to trade bitcoin. In India, bitcoin cryptocurrency can be traded via a variety of platforms that provide the service of buying and selling. Most of the platforms provide an escrow option where the bitcoins are not released to the buyer until the payment received is confirmed. Choose the desired location and find buyers and send a trade request using the marketplace. You can get the best exchange rates with an individual buyer rather than a brokerage.Ĭhoose the peer-to-peer exchange platform you wish to use and sign up for it. This method helps buyers to make faster transactions with fewer fees. You can also choose the payment method you wish the buyers to use while selling your bitcoins. You can use this way to convert your BTC To INR if you are in a rush. The broker charges a fee for the conversion and the fees vary from broker to broker. On average, the conversion can take up to 6 days but is considered to be secure. Deposit is done in the same account due to restrictions on account of the country’s money-laundering laws. They use the same bank account that you used to purchase the bitcoins. Once you deposit your digital currency to an exchange or broker and demand a withdrawal. They work the same as currency exchange systems at airports. The first way to convert your BTC To INR is by exchange or broker. There are two ways in which one can convert their Bitcoins into Indian Rupees. In fact, with bitcoins, peer-to-peer transactions are managed by using blockchain technology which serves as a public database for all transactions. As of today, cryptocurrencies are not centrally regulated by the Reserve Bank of India (RBI). There has been rapid growth in the cryptocurrency market with several cryptocurrencies.īitcoin in India has gained popularity among the people and given the government’s efforts to move towards a cashless economy. After that many cryptocurrencies were created like Ethereum, Litecoin, Ripple, etc. In the year 2009, Bitcoin was the first cryptocurrency created. They are classified as a subgroup of digital, alternative and virtual currencies. Cryptocurrency is digital money considered more secure than real cash. Please invest carefully, your capital is at risk What Is Bitcoin?īitcoin is one of the initial forms of cryptocurrency, forming a worldwide part of the peer-to-peer payment system.
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