Many of us have heard of Bitcoin, the first cryptocurrency.  Bitcoin was created in the year 2009 and now while it is about 11-12 years old, there are easy options to Cash out Cryptocurrencies.

Numerous banks view cryptocurrencies or bitcoin as a disruptive force in the industry, which provides justification for banks to impose new regulations on bitcoin.

How do I Cash out Cryptocurrencies In India?

Any exchange with an Indian rupee trading pair will allow you to Cash out Cryptocurrencies for fiat currency.

LocalBitcoins is another option. You can purchase and cash out Bitcoin on this site using a variety of different payment methods, from gift cards to bank transfers.

LocalBitcoins is a peer-to-peer (P2P) bitcoin cash-out exchange where users can purchase and sell bitcoins.

Some Important Bitcoin Exchange Centers

Paybis  and WazirX 

Paybis is a well-known digital currency exchange center. You can cash out cryptocurrencies here. They operate in 180 countries and 48 US states and are FinCEN-registered. This makes them a more regulated and trusted exchange. Paybis has incredibly high limits and lightning-fast payouts,  to mention they take only five-minute ID verification and near-perfect Trustpilot review scores. They offer large payouts fast.

WazirX is new in this field. Binance, one of the largest cryptocurrency exchange centers in the world operates WazirX.

Selling cryptocurrencies in WazirX is fairly easy.

Download the app. Then:

Select the funds option in the app’s main menu.

You will see a list of the coins you have purchased.

Click on the cryptocurrency that you wish to sell.

 list for the coin will open; click the Buy/Sell button to proceed.

A new popup window will appear with the option to buy/sell. By clicking on the sell button, you can activate it.

Then, select the sell option and enter the price at which you wish to sell the cryptocurrency.

After you’ve made your selections, place your order. When the market price for that particular cryptocurrency reaches the price you specified as the selling price, the order is executed. After selling a cryptocurrency for INR, you can withdraw the funds to your bank account in INR.

How do I withdraw funds from WazirX?

Navigate to the WazirX app and tap ‘Funds’.

Then select to ‘sell them’ or ‘convert your cryptocurrency to Rupees.’

As soon as you select Sell or Convert, you’ll see a list of all your cryptocurrencies.

When you click on the withdrawal button, a new screen appears. Submit the amount you wish to cash out. You will be required to confirm an email sent by them. The funds will be reflected in your account shortly after verification.