Post
Topic
Board India
Re: How do YOU convert your Bitcoins to INR ?
by
akram143
on 23/10/2019, 18:50:10 UTC
I only trade in crypto coins but few of my friends who are interested in joining the crypto community ask how to convert the coins earned into 'real' money.
I didn't need to convert them atm so I am unaware of the same.

What's the most convenient way to do so? I guess local bitcoins? Are there any automatic exchanges left that can directly transfer to the bank account or any other INR wallets?

There are some in the past but when RBI restricted crypto payments then local exchanges were closed so only option is to trade on exchanges like localbitcoin where also they changed KYC policies recently so your friends needs to provide the required documents to start trading on localbitcoin and also localethereum is suggested for non KYC users but I am not sure how much liquidity they have got.