Is it possible to convert bitcoin to cash in India ? Redeem your bitcoins by depositing them into your bank account or PayPal account (applies to some services). To convert bitcoins into cash, first create an account on a P2P exchange.
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Is It Legal to Buy Bitcoin in India? There are different ways to sell bitcoins which we will discuss later in this article. Open a forex demo account.
First, create an account with a broker or exchange.
The next step is to deposit the bitcoins into the wallet wallet. The problem is that day trading has grown tremendously in recent years. Bitcoin ATMs are the fastest way to exchange bitcoins and more.
Go to the right platform.
Determine the need to sell bitcoins. Yes, you can convert your bitcoins into cash. They charge a minimum trading commission of 0.3% in the spot market.
I think the easiest way to start understanding is to read the articles here.
Get your account number and password. The fees for sending and receiving bitcoins are very low, typically less than 2%. Download MetaTrader 4 and log in using the credentials you received.
There are applications and software where you can store your bitcoins (like Coins.ph, Coinbase, etc.). From my experience I have previously transacted Bitcoins through these apps and you can withdraw cash at Louiler stores like (Cebuana, 7/11 etc.)
Can I get Bitcoins on Binance without verification? With P2P trading, you send cryptocurrency to other people and receive money in return. Coins are converted at a rate set by the seller, which may be better or worse than the current market price.
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Transaction fees may also apply. Always ask the buyer for proof of identity before proceeding. This way you can also choose a payment method.
