How do YOU convert your Bitcoins to INR ?

[apoorvlathey]

I only trade in crypto coins but few of my friends who are interested in joining the crypto community ask how to convert the coins earned into 'real' money.
I didn't need to convert them atm so I am unaware of the same.

What's the most convenient way to do so? I guess local bitcoins? Are there any automatic exchanges left that can directly transfer to the bank account or any other INR wallets?

[1714824401]

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[1714824401]

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[teosanru]

I only trade in crypto coins but few of my friends who are interested in joining the crypto community ask how to convert the coins earned into 'real' money.
I didn't need to convert them atm so I am unaware of the same.

What's the most convenient way to do so? I guess local bitcoins? Are there any automatic exchanges left that can directly transfer to the bank account or any other INR wallets?

The most easiest way to sell bitcoins and directly transfer to Bank accounts is using P2P features available at certain exchanges. Best I know is Wazirx.com Sell your Bitcoins for USDT and then you can go to the P2P menu. There you can ask your usdt for selling and match it with some buyer. Buyer will send payment directly to your account and you just have to acknowledge payment on the website. Wazirx would release funds from Escrow and pay them to buyer.

[eaLiTy]

What's the most convenient way to do so? I guess local bitcoins? Are there any automatic exchanges left that can directly transfer to the bank account or any other INR wallets?

The days of automated exchanges in India are over when the RBI forced the banks to close the accounts of the exchanges running in India, you can sell the coins in Wazirx and trade the USDT in their P2P exchange and it straight forward and that is the case with Local bitcoins and Paxful.
There are other options too

• giottus
• remitano
• localethereum

I am yet to trade in Giottus and Remitano but giving you the options to trade in India.

[akram143]

I only trade in crypto coins but few of my friends who are interested in joining the crypto community ask how to convert the coins earned into 'real' money.
I didn't need to convert them atm so I am unaware of the same.

What's the most convenient way to do so? I guess local bitcoins? Are there any automatic exchanges left that can directly transfer to the bank account or any other INR wallets?

There are some in the past but when RBI restricted crypto payments then local exchanges were closed so only option is to trade on exchanges like localbitcoin where also they changed KYC policies recently so your friends needs to provide the required documents to start trading on localbitcoin and also localethereum is suggested for non KYC users but I am not sure how much liquidity they have got.

[akhjob]

Apart from the exchanges mentioned above (wazirx, giottus, local bitcoin/Ethereum, remitano), there is bitbns and coindcx. Personally, I have used bitbns, giottus and local bitcoin. Of the three, I prefer Giottus. If you looking for an exchange directly sending money to your exchange, then you can try Giottus. They also work using P2P model. Payments will be procesed within an hour.

[PryptoMontreal]

I personally always use localbitcoins for liquidating my bitcoins, I understand that your concern must be the high exchange rates over there, but I've got a trick. Make a paytm merchant/business account, and you get the most money out of your coins if you sell them for paytm.
Transfer the paytm to your bank for 0% tx fees 
Other than that, I have used Koinex exchange a couple of times.
If you've got ethereum, then localethereum is a good option to check out

[libert19]

Most trading happens in p2p these days, there is no exchange that directly sends money to users account (unlike good old days) 

Anyway, you can add instashift to the list.

[pawanjain]

I generally stick on to one source until it is disrupted. I used to contact directly to offline sellers via contacts and make a p2p transaction.
Since Zebpay came into picture I switched to it since it offered better rates but then Zebpay moved to out of India.
These days I am using WazirX as it is the best source for me in the current market. The payments are smooth, fast and convenient.

[newIndia]

Step 1: BTC to ETH or BCH using https://CoinSwitch.co.

Step 2: ETH or BCH to INR using https://LocalEthereum.com or https://local.Bitcoin.com respectively.

[akram143]

Step 1: BTC to ETH or BCH using https://CoinSwitch.co.

Step 2: ETH or BCH to INR using https://LocalEthereum.com or https://local.Bitcoin.com respectively.

Why this? It is also P2P transaction right? So we can use localbitcoin for converting BTC to INR directly!

[webtricks]

Step 1: BTC to ETH or BCH using https://CoinSwitch.co.

Step 2: ETH or BCH to INR using https://LocalEthereum.com or https://local.Bitcoin.com respectively.

Why this? It is also P2P transaction right? So we can use localbitcoin for converting BTC to INR directly!

Yes. That was odd to read actually. Among all cryptocurrencies, BTC has the highest demand in India. Don't know why someone will convert BTC to BCH/ETH and then sell it for INR.
And yes you are right, both of the sites he mentioned are P2P networks too.

[akhjob]

Currently there are 2 easy way of doing it.

1. Zebpay - One of the easiest way to cash out bitcoins in INR. Simply download the App and do the KYC. Send your Bitcoin to your bitcoin address at Zebpay and Sell whenever you are happy with the sell rate. Withdraw money to your bank account instantly. You could use Promo Code REF09507764 on the Sell to earn 100 Rs of free Bitcoin.

2. Koinex - the .in domain exchange is a new one but pretty good as well. Just do the KYC and transfer Bitcoin to your Balance Bitcoin address at Koinex. Withdraw the amount instantly.

I hope it helps!

In which year are you in? This is 2020, Zebpay and Koinex have been closed for a long time now and are no longer live. Plz don't misguide users.

[Heisenberg_Hunter]

In which year are you in? This is 2020, Zebpay and Koinex have been closed for a long time now and are no longer live. Plz don't misguide users.

Newbie isn't misguiding users but rather plagiarizing an old 2017 quora post. I have seen newbies changing referral codes and plagiarizing posts but in this case adi1396 is plagiarizing referral codes as well.  

Reference for reporting the plagiarism : Re: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed.

Most probably adi1396 will be perma-banned by global mods for plagiarism either by today or tomorrow. 

[akhjob]

^ Both Zebpay and Koinex are not live anymore, so it's misguidance + plagiarism. Anyways, nice catch

[webtricks]

^ Both Zebpay and Koinex are not live anymore, so it's misguidance + plagiarism. Anyways, nice catch

Although it is completely unrelated to post above but I received email from ZebPay couple of days ago (you guys would have received too if you were the member of Zebpay).

In the mail, they announced comeback to India in 2020 under new leadership. Although the primary comeback will be in zero fees crypto-crypto trading but I hope once they get favourable response, they will bring fiat-to-crypto trading into play too.

Buck up WazirX, Easy wind is coming...

[erikalui]

^ Both Zebpay and Koinex are not live anymore, so it's misguidance + plagiarism. Anyways, nice catch

Although it is completely unrelated to post above but I received email from ZebPay couple of days ago (you guys would have received too if you were the member of Zebpay).

In the mail, they announced comeback to India in 2020 under new leadership. Although the primary comeback will be in zero fees crypto-crypto trading but I hope once they get favourable response, they will bring fiat-to-crypto trading into play too.

Buck up WazirX, Easy wind is coming...

I also received the same mail but I don't think they would ever start trading with Fiat for Indians anytime soon unless RBI lifts up the ban. They were asking me to withdraw any funds in the wallet before that. Nothing's positive as of now.

[Anish_Rocky]

Recently RBI just announced that Bitcoin or Crypto is not illegal in India. It is better to sell Crypto on WazirX. It is most trusted platform in India.

[ImThour]

I am new aswell and I am buying BTC from WazirX. I hope that will work out for you to sell yours.

[legendster]

If you have any crypto that is supported by Changelly or Shapeshift then get it converted in ETH or BTC.

And then simply sell to me through : https://localcryptos.com/profile/legendster

I do UPI / NEFT / IMPS

And you will find many sellers/buyers like me there.

[chunnu39]

if you want to convert your bitcoin to INR there are so many options you can easily convert your btc into INR and get your withdrawal in your bank account.
there are So many popular exchanges are:
wazirx
zebpay
bitbns
coindcx
they also provide  UPI /IMPS/NEFT Services.
i personally use wazirx because of its fast withdrawal