Stop converting your Bitcoins to INR, if you don't understand the value of Bitcoin then you are a shit asking such a question. Bitcoin is more valuable than INR, if it wasn't then you would have been hiding behind a cave. You came here for what to know what?. Being a low rank member you should encourage a point for adopting Bitcoin, whereas you are talking how to get the most from Bitcoin for INR.
The purpose of this thread is to find an efficient way to convert BTC to INR and eventually, at some point, we convert them for some reasons. I do know that bitcoin is highly valuable and I am not suggesting anyone sell their BTC for INR however I asked them to share their way of conversion so that others can find the information can be valuable.
@SaShiRaJaVu, I used wazirx exchange multiple times and everytime the trades went smooth but yeah every exchange operating under India probably sending the reports to tax officials.
@libert19, Never knew the existence of exchange thanks for sharing it, I will check it too.
@bitnote, Please share the name of those p2p platforms which has zero fee, cause exchange without trading fee seems too good to be true.
@Bitcoin Smith, Thanks for sharing it, but the only reason I am not using p2p platforms is due to the existence of fraudsters.
@TheUltraElite, 30% tax rate is one the capital gains and only applicable if we cross the income tax slab but as far as I know I didn't convert that much apart from a few thousand once in a few months.
@cafter, Gift card comes with lot of hidden fees though but I never used it and I feel its better to use debit cards instead of prepaid card.
@avikz, Good to know that you are being a HODLer.
@pawanjain, Bitcoin is money too and the purpose of money is to be spent for our needs so if someone is not willing to spend their money even if its indeed then it doesn't sound like a wise choice.
@erikalui, haven't heard this exchange too and this is why I created it to know how fellow community members are trading. As I said gift cards comes with fees 800 seems to be a lot if someone is only converting a small amount so I guess its not really a suitable way of converting BTC.