Can we cash out Bitcoin in India?

Gefragt von: Frau Prof. Dr. Irmhild John
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Yes, you can cash out Bitcoin in India by using Indian crypto exchanges like CoinDCX or Flitpay to convert your Bitcoin (BTC) to Indian Rupees (INR) and then transfer it to your linked bank account, but be aware of the 30% tax on profits and other regulations, as crypto is a digital asset, not legal tender. The general process involves selling BTC on an exchange for INR and withdrawing the fiat to your bank, with KYC verification required.

Can I withdraw Bitcoin in India?

Crypto exchanges are one of the major channels for Bitcoin withdrawal in India. Platforms like CoinDCX are leaders in the Indian market. They allow users to convert BTC into INR and transfer it to their bank account, after which the money can be withdrawn (with KYC).

Can I transfer money from Bitcoin to my bank account in India?

Enter the amount of Bitcoin you'd like to sell and complete the transaction. Once done, the USDT value will reflect in your wallet. Navigate to the wallet and click on 'Withdraw to Bank'. Enter the amount of USDT you'd like to see and click 'Continue to Withdraw'.

Can I convert my BTC to INR?

If you don't already have it, download the Revolut app for iOS or Android, then sign up. Open your app and tap Crypto on the home screen. Tap Trade, select your BTC balance, and hit Sell. Pick INR as the currency you want to convert your BTC into.

Can I convert my Bitcoin to cash?

You can use a crypto exchange like Coinbase, Binance, Gemini or Kraken to turn Bitcoin into cash. This may be an easy method if you already use a centralized exchange and your crypto lives in a custodial wallet. Choose the coin and amount you'd like to sell, agree to the rates and your cash will be available to you.

How to Transfer Bitcoin to bank account | How to sell bitcoin in India | Bitcoin to INR

38 verwandte Fragen gefunden

Who owns 90% of Bitcoin today?

As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.

Can I transfer Bitcoin into my bank account?

Crypto exchanges adopt these two protocols to enable buying and selling crypto coins and tokens on their platforms using fiat money, such as USD or EUR. This way, users can use USD to buy Bitcoin, for example. Also, they can sell their crypto assets to the exchange and withdraw Bitcoin to a bank account.

Is BTC legal in India?

Yes, Bitcoin and other cryptocurrencies are legal to buy, sell, and hold in India as of late 2025, but they are not legal tender (not official currency) and are subject to strict regulations, heavy taxation (30% on gains), and mandatory KYC on registered exchanges, with the government imposing rules for transparency and tracking, though a comprehensive framework is still evolving. 

How to sell BTC in India?

How to sell Bitcoin for fiat on MoonPay

  1. Create your free account. Selling Bitcoin on MoonPay is simple. ...
  2. Choose a cryptocurrency to sell. Select Bitcoin from the dropdown list of cryptocurrencies and choose the amount of BTC want to sell for fiat.
  3. Connect a payout method. ...
  4. Cash out and receive your money.

Is 70% tax on crypto in India?

Consequences of Non-Compliance

Indian authorities may impose tax penalties of up to 70% on previously undisclosed crypto profits. Interest accrues on any unpaid tax. In severe cases, criminal prosecution is possible.

Do Indian banks accept cryptocurrency?

RBI has now prohibited banks from dealing in virtual currencies or providing services for facilitating any person or entity in dealing with or settling VCs.

How can I avoid 30% crypto tax in India?

Selling: You may be liable for a 30% tax on any profits if you plan on selling, swapping, or spending the received tokens later. Buying: Earning new tokens is taxed upon receipt at your Individual Tax Rate. Since, no buying or selling is taking place while holding onto your crypto assets, there is no tax on the same.

Are there Bitcoin ATMs in India?

#Bitcoin, a popular cryptocurrency, has got its first ATM in India amid the repetitive warnings from Reserve Bank of India and FM Arun Jaitley with regard to its validity in the country. Unocoin has instituted a first of a kind kiosk -- Bitcoin ATM -- in Bengaluru.

How many of the 21 million bitcoins are left?

Limited Supply: Bitcoin's maximum supply is 21 million coins, and as of October 2025, more than 19 million have been mined. Remaining bitcoins: There are approximately 1.5 million bitcoins left to be mined. Impact on Value: Knowing this matters because it affects Bitcoin's value and future price.

Is it safe to keep Bitcoin on Cash App?

We keep the majority of bitcoin in cold storage, where it's offline and protected from online threats. Plus, payments on Cash App are always encrypted.

Can Bitcoin be converted to cash in India?

The most secure and reliable method is through a regulated cryptocurrency exchange like Unocoin which allows users to convert crypto to INR and withdraw INR directly to their bank account.

Is Bitcoin 100% safe?

However, directly storing it in a wallet will not decrease its value. Is Bitcoin 100% safe? Bitcoin is not 100% safe. While it does have some security advantages over other traditional currencies, users should take security measures to avoid potential risks.

Which country has the most Bitcoin?

Top Countries That Hold the Most Bitcoin (BTC) in 2025: Government Crypto Reserves Revealed

  1. United states.
  2. China.
  3. United kingdom.
  4. Ukraine.
  5. Bhutan.
  6. El salvador.

Why is it so hard to withdraw Bitcoin?

Incorrect wallet addresses and not satisfying withdrawal limits are two of the biggest reasons why transfers of crypto from one exchange to another wallet don't proceed. If a withdrawal of digital assets hasn't been completed or is stuck, check to see if one of the below reasons applies, and the relevant solution.

How do I withdraw Bitcoin to my bank?

To withdraw Bitcoin to a bank account, you must sell your Bitcoin for fiat currency (like USD, EUR) on a crypto exchange (Coinbase, Kraken, Binance), then initiate a standard bank transfer from the exchange to your linked bank account, a process involving KYC verification, moving BTC to the exchange, selling it, and cashing out the fiat, which can take from minutes to several days. 

How do I convert Bitcoin to cash?

How do I convert Bitcoin to cash?

  1. Pick a trusted cryptocurrency exchange such as Binance or Coinbase.
  2. Transfer your Bitcoin to your chosen platform's wallet.
  3. Initiate a sell order for your Bitcoin.
  4. Withdraw the cash proceeds to your linked bank account.