As all of you are known that from 5th July 2018 RBI has ban the trading of virtual currency (Cryptocurreny) in INR in India. As an effect of this many people who had not yet withdrawn their currency in INR still have the chance to withdraw it by using this simple method.
How to convert bitcoin into indian rupees, how to tranfer bitcoin into indian bank account, how to withdraw bitcoin into INR, how to exchange BTC with INR, INR to BTC?
If you are also having such type of questions, then follow the below mentioned steps.
Step:1
- Create an account on Paypal
- Add your Bank Account in Paypal to get your money withdraw in your account
Step:2
- Create an account on any of these following exchanges. All of these exchanges supports BTC to Paypal USD exchange: Unichange, CyberBTC, UkrCash, Crypex24, Lionex.net
- Once you receive the amount in your paypal account tranfer it to your attached bank account. It will be converted from USD to INR and a nominal fee will be charged for it.
Many sites are starting P2P service, i.e. Peer to Peer service for converting your bitcoin into Indian Rupees. In this service users will post their sell or buy requirements like olx. For e.g. I want to buy bitcoin in INR worth Rs.1000 and someone else wants to sell his in INR, so i will transfer Rs.1000 in his bank account and he will transfer bitcoin worth Rs.1000 in my wallet. So you see how to P2P service works. Currently it is not yet initiated on any exchanges. Once it is started we will update here soon.
If you have any queries let us know in the comment section below.
Well! if you want to convert bitcoin to INR then check out the india's top crypto exchange called Airfio, as it is integrated with neural networks and AI.
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