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India is emerging as one of the largest Bitcoin arbitrage opportunities for Bitcoin enthusiasts worldwide, and several cryptocurrency exchanges are emerging that enable users to buy Bitcoin in India. With the Bitcoin live price in India surging due to the lifting of the RBI’s two-year ban in March 2020, it is emerging as one of the few less volatile forms of wealth for investors across the country.
Local crypto trading, especially on peer-to-peer or P2P trading platforms, has witnessed a massive spike in the past few months. Here’s how you can sell Bitcoin in India using engaging and user-friendly crypto exchanges!
How to sell Bitcoin in India
Understanding how to buy Bitcoin in India and sell BTC is crucial for Indians who want to delve into the crypto industry and earn suitable profits. While using a cryptocurrency exchange is one of the most convenient and popular ways of selling Bitcoin in India, there are other ways through which you can trade using this cryptocurrency.
You can find a local dealer on a crypto marketplace and sell BTC to them by using various payment systems such as cash, credit cards, Paypal, etc. It is recommended that you select a suitable cryptocurrency exchange to sell your precious BTC as they provide verified buyers and the best Bitcoin live price in India.
How to sell Bitcoin on WazirX
WazirX is one of the top cryptocurrency exchanges where you can easily sell or buy Bitcoin in India, thanks to its convenient user interface and innovative use of technology to provide its users with a hassle-free and time-efficient experience. WazirX was founded in 2018 by a group of experienced individuals with an in-depth understanding of crypto trading and blockchain technology.
Their mission is to involve every Indian in the blockchain revolution and benefit from it. WazirX has emerged as one of the most popular cryptocurrency exchanges in the country as it enables its users to sell their Bitcoin quickly in India and offers a unique feature where they can withdraw funds directly to their bank account. Here’s a step-by-step guide on how you can sell Bitcoin on WazirX:
- Create an account on WazirX
Web Sign Up
Sign up on WazirX with a few simple steps and create your free account within minutes

App Sign Up
Download WazirX on Google Play Store and App Store

- Log in to the web or the mobile application
Once you have created your free account on WazirX, you can log in using two methods. First, you can go to the web app and log in to access your account. Alternatively, you can download the WazirX mobile application in case you prefer trading on your mobile.
App Login
Download App -> Go to Settings -> Click Login

- Deposit Bitcoin into your wallet
Deposit the Bitcoin you want to sell in your WazirX wallet from your other wallets in a matter of minutes to proceed to sell it on the platform.
Go To Funds -> Choose BTC from the list of cryptocurrency -> Click Deposit

- Sell it for INR at the best price
Once you have deposited the Bitcoin in your WazirX wallet, you can sell it for INR for India’s best Bitcoin live price.
Go To Markets -> Choose BTC from the list of crypto currencies -> Click Buy/Sell -> Select Sell tab

- Withdraw funds into your bank account
Once you have sold your Bitcoin, click on the ‘funds’ option, and select ‘INR’. Then, click on ‘withdraw’ when you are redirected to the next screen.

You will get two options for this step- instant withdrawal and standard withdrawal. If you choose instant withdrawal, you will incur a small fee that can range from anywhere between INR 10 to a maximum of INR 2,00,000, depending on the volume of your transaction.

Benefits of Selling BTC on WazirX
There are plenty of benefits that crypto sellers on WazirX enjoy, and here’s why you should choose WazirX if you want to sell or buy Bitcoin in India:
- Trading experience and services across multiple platforms: WazirX offers its users the maximum operational utility since it is available both for web and mobile users in the form of applications that can be installed for Android, Windows, iOS mobile, and Mac
- USDT and P2P method: WazirX offers its users a unique option to deposit and withdraw INR while trading. By enabling users to sell Bitcoin in USDT, which has excellent liquidity, the transactions are carried out instantly. This is because USDT is a stable coin, and its value does not fluctuate like other volatile cryptos. Users can then sell the USDT they have acquired and can have the amount transferred to their bank account in INR easily.
- Live open order book system: WazirX offers its users an advanced and innovative trading interface that enables them to sell and buy Bitcoin in India through a live open order book system, and hence, enables lightning-fast INR deposits and withdrawals.
Sign up for a free WazirX account here.
Frequently Asked Questions
What Is The Meaning Of Bitcoin?
Bitcoin is a type of cryptocurrency that was first introduced in January 2009. It is invented based on the key concepts and notions presented in a whitepaper by Satoshi Nakamoto, a mysterious and pseudonymous figure. The name of the individual or people who invented technology is yet unknown. Bitcoin promises reduced transaction fees than existing online payment methods, and a decentralized authority controls it, unlike government-issued currencies.
How Can I Get Bitcoin?
To begin, go to the WazirX website and register. After that, you will receive a verification email. The link received by verification mail will only be available for a few seconds, so make sure you click it as quickly as possible. This will successfully verify your email address. The following step is to set up security, so choose the best solution for you. After you've set up the security, you'll be given the option of continuing with or without completing the KYC process. Following that, you'll be sent to the Funds & Transfers section, where you can begin depositing Bitcoins into your wallet. You may also use INR to fund your WazirX Bitcoin wallet and then use it to purchase Bitcoin.
How To Create Bitcoin Account?
Firstly, Go to the WazirX website and sign up. Then, a verification mail will be sent to you. The link sent via verification mail would be available only for a few seconds so make sure you click on the link sent to you as soon as possible, and it will verify your email address successfully. The next step is to set up security, so select the most suitable option for you. After you have set up the security, you will get a choice to either proceed further with or without completing the KYC procedure. After that, you will be directed to the Funds and Transfer page, where you could start depositing Bitcoins to your wallet. You can also deposit INR and then use it to buy Bitcoin for your WazirX Bitcoin wallet.
Is Bitcoin Legal In India?
In India, Bitcoin is not illegal. Because of cryptocurrency's rapid evolution, policymakers and regulators seemed to have recognized the chance to accept the new technology early. From the infamous 'RBI ban' in 2018 to reports of an impending bill banning cryptos in 2021 that has yet to develop, India has seen its fair share of ups and downs when it comes to Bitcoin regulation. Last year, the Supreme Court Of India approved the use of Bitcoin throughout the country. According to the Supreme Court, the existence of Bitcoin or any other cryptocurrency is unregulated but not unlawful.
Who Created Bitcoin?
Bitcoin is the first application of the concept of "cryptocurrency," first articulated in 1998 on the cypherpunks mailing list by Wei Dai, who proposed a new form of money that relies on cryptography rather than a central authority to manage its creation and transactions. Satoshi Nakamoto published the initial Bitcoin specification and proof of concept on the cryptography mailing list in 2009. Satoshi exited the project in late 2010, with little information about himself available. Since then, the community has evolved, with numerous people working on Bitcoin. Satoshi's anonymity has sparked unfounded fears, many of which may be traced back to a misunderstanding of Bitcoin's open-source nature.
What Are The Chances Of Bitcoin Crashing?
Two Yale University economists (Yukun Liu and Aleh Tsyvinski) produced research titled "Risks and Returns of Cryptocurrency" in 2018. They looked at the possibility of Bitcoin crashing to zero in a single day. The authors discovered that the chances of an undefined tragedy crashing Bitcoin to zero ranged from 0 percent to 1.3 percent and was around 0.4 percent at the time of publishing, using Bitcoin's history returns to determine its risk-neutral disaster probability. Others claim that because Bitcoin has no intrinsic value, it will inevitably crash to zero. On the other hand, Bitcoin advocates argue that the currency is backed by customer confidence and mathematics.
How To Invest In Bitcoin?
Bitcoin may be invested in two ways: through mining or exchanges. Bitcoin mining is carried out by high-powered computers that solve challenging computational arithmetic problems that are too difficult to complete by hand and complex enough to tax even the most powerful computers. WazirX, a Bitcoin exchange, is another alternative.
Is Bitcoin And Cryptocurrency The Same Thing?
Bitcoin is a cryptocurrency that was designed to facilitate cross-border transactions, eliminate government control over transactions, and streamline the entire process without third-party intermediaries. The absence of intermediaries has resulted in a significant reduction in transaction costs. Satoshi Nakamoto, the creator of Bitcoin, created the first cryptocurrency in 2008. It began as open-source software for money transfers. Since then, plenty of cryptocurrencies have emerged, with some focusing on specific fields.
What Is Bitcoin?
Bitcoin is a decentralized digital currency that may be purchased, traded, and traded without intermediary like a bank. Bitcoin is built on the blockchain, which is a distributed digital ledger. Wei Dai suggested a new kind of money that relies on cryptography rather than a central authority to oversee its production and transactions on the cypherpunks mailing list in 1998. Bitcoin was the first application of that notion. In 2009, Satoshi Nakamoto sent out the first Bitcoin specification and proof of concept to a cryptography mailing group.
Is Bitcoin Mining Free?
Bitcoin mining isn't free, but it can be tried on a budget. Bitcoin mining is an essential part of the blockchain ledger's upkeep and development and the act of issuing new Bitcoins. It is accomplished by the use of cutting-edge computers that tackle complicated computational arithmetic problems. The effort of auditor miners is rewarded. They're in charge of ensuring that Bitcoin transactions go off without a fuss and that they're legal.
