How do we encash bitcoins to INR currency in India?
Brian India is one of the biggest Bitcoin arbitrage opportunities for Bitcoiners around the world.
With a price difference of more than $100, one can easily earn a fortune if they play their cards right. I have been doing this for the last two months & have sold Bitcoins with a total worth of $20k, netting around $3,000 – $4,000 in profit.
I will talk more about Bitcoin arbitrage for Indians in upcoming posts, but today I have an exclusive post for you. Today, you will learn about some of the best sites in India where you can sell Bitcoin and earn money.
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Best Indian Websites to Sell Bitcoins: Convert BTC to INR
1. Wazirx
Wazirx is the most popular crypto exchange in India which has joined the party only in 2018.
It is founded by an experienced team that is continually innovating with a mission to involve every Indian in the blockchain revolution. They enable users to quickly sell their Bitcoin in India, and you can withdraw funds directly to your bank account.
2. Bitbns
Founded by IIT graduates, also crypto enthusiasts, Bitbns is an Indian crypto exchange which started operations in December 2017.
The Bitbns team focuses on ease of use, security, and customer support right from the beginning.
The Bitbns has also pioneered the innovative P2P model for exchange cryptocurrencies and INR despite difficult times in the Indian crypto scene.
3. LocalBitcoins
LocalBitcoins is the best platform for anyone who wishes to make a career in Bitcoin trading. This is a P2P market where you can sell bitcoins at any price. Think of LocalBitcoins as eBay for buying & selling Bitcoin. Here you decide at which price (and by which method) you want to sell your bitcoins.
4. Binance P2P
Binance is one of the world’s largest and trusted cryptocurrency exchange, that offers P2P option to sell Bitcoin In India. The price is same as other exchanges, but is better for those who would like to use only Binance, and sell directly in INR.
5. P2P sell BTC to INR: Paxful
This is one of the most popular ways to sell Bitcoins in India. Rather than selling it on an exchange where the money will come to your bank account, rather sell it to someone in person.
Since Bitcoin is people money, you can help someone understand how it works and help them get started. However, don’t make a classic mistake of promising high returns and do let others know about the risk associated with it.