Best Websites To Sell Bitcoin In India [Exclusive List]

Best Websites To Sell Bitcoin In India

India is one of the biggest Bitcoin arbitrage opportunities for Bitcoiners around the world. With a price difference of more than $100, one can easily earn a fortune if they play their cards right. I have been doing this for the last two months & have sold Bitcoins with a total worth of $20k, netting around $3,000 – $4,000 in profit.

I will talk more about Bitcoin arbitrage for Indians later, but today I have an exclusive post for you. Today, you will learn about some of the best sites in India where you can sell Bitcoin and earn money.

Here is the updated list (Some of the sites are not listed below as they are launched recently and have great user experience)

  1. Wazirx
  2. Bitbns
  3. Localbitcoins
  4. Binance (International exchange which is good for trading and or selling for USDT)

So without further delay, let’s jump into this exclusive list of websites in India that let us sell Bitcoin.

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Best Indian Websites to Sell Bitcoins:

Wazirx

Wazirx is most popular crypto exchange in India which has joined the party only in 2018.

It is founded by an experienced team which is continually innovating with a mission to involve every Indian in the blockchain revolution.

In the present situation, they have come up with a new way of peer to peer trading which enables Indians to withdraw and deposit INR while trading cryptocurrencies.

Here is the sneak peek into their methods:

Wazirx

For example, if you want to sell your BTC worth $5000 which is equivalent to approximately ₹3.4 Lakhs INR, here’s what to do (Source):

  • Sell your crypto (BTC in this case) for 5000 USDT. Your trades will execute instantly because our USDT market has great liquidity! Now since USDT is a stable coin, its value will not fluctuate like volatile cryptos.
  • Put your 5000 USDT for sale on WazirX P2P.
  • When someone comes to buy 5000 USDT on WazirX P2P, they will transfer ₹3.4 Lakhs to your bank account. 💰

This is also useful for the new and experienced trader who is trading on international crypto exchanges and need to take profit. You can simply transfer USDT to Wazirx and convert it into INR using the P2P method.

Join Wazirx For Free

Note: Wazirx escrows the funds, and provides appropriate dispute resolution wherever required. Right now it supports P2P exchange of USDT in INR. And when you have got USDT you can trade on Wazirx for 10+ cryptocurrencies that are available in USDT pairs.

Bitbns

Bitbns

Founded by IIT graduates, also crypto enthusiasts, Bitbns is an Indian crypto exchange which started operations in December 2017.

The Bitbns team focusses on ease of use, security, and customer support right from the beginning.

The Bitbns team has also pioneered the innovative P2P model for exchange cryptocurrencies and INR despite difficult times in the Indian crypto scene.

You can easily liquidate your BTC here by following their P2P model.

Here is a sneak peek into their model:

  • Deposit money (INR) in Bitbns.

P2P INR Movement Through UPI

  • Withdraw money (INR) from Bitbns.

Withdraw money INR from Bitbns through UPI IMPS

 

LocalBitcoins

LocalBitcoins is the best platform for anyone who wishes to make a career in Bitcoin trading. This is a P2P market where you can sell bitcoins at any price. Think of LocalBitcoins as eBay for buying & selling Bitcoin. Here you decide at which price (and by which method) you want to sell your bitcoins.

buy-sell-bitcoins-in-india

You can sell using PayTM, bank deposit, In cash, and NEFT (to name a few). When I started purchasing bitcoins for the first time, I used LocalBitcoins (after using Unocoin).

The only thing about this platform is that it’s only for net-savvy people. You need to be smart because the platform requires your presence of mind to make the most out of it.

LocalBitcoins offers an extensive help guide that will help you become a pro-Bitcoin seller & keep your account secure.

Here you can buy bitcoins using cash, direct bank deposit, and other methods.

sell-bitcoins-online-in-india

My only advice for you when using LocalBitcoins is to work with users who have a good number of sales & a high reputation. Similarly, if you wish to sell a lot of bitcoins, you should focus on building a high reputation from day one.

Create LocalBitcoins Account

P2P sell:

This is one of the most popular ways to sell Bitcoins in India. Rather than selling it on an exchange where the money will come to your bank account, rather sell it to someone in person. Since Bitcoin is people money, you can help someone understand how it works and help them get started. However, don’t make a classic mistake of promising high returns and do let others know about the risk associated with it.

If you have bandwidth and time to do this, you can sell Bitcoins for cash and at the same time help others learn about this disrupting alternate financial method.

Bonus: Compare Bitcoin Buying/Selling Price From One Place

Here is an extra bonus from CoinSutra.

BitcoinRates

This is a must-have for any Indian looking to trade in Bitcoin. BitcoinRates lists the current buying & selling price of Bitcoin in India.

You can see the price with & without the fees.

bitcoin-rates-in-india

This makes it easy for anyone to find the best website to sell Bitcoins in India. The green highlighter shows which exchange is offering the lowest buying & highest selling price. Scroll down the homepage to see arbitrage opportunities. You can read about them in detail over here.

The Bitcoin scene in India & Asian countries is heating up. In the next couple of years, Bitcoin is going to be very exciting for everyone who is interested in digital currency.

In upcoming posts, I will be sharing more guides & tutorials to help you grow your career in Bitcoin.

For now, I would love to hear your experience of selling Bitcoin in India.

Are you also making money from Bitcoin arbitrage? Which sites are you using to purchase bitcoins from outside India? How are you dealing with Fema guidelines with outward remittances? Let us know your experiences in the comments section!

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19 thoughts on “Best Websites To Sell Bitcoin In India [Exclusive List]”

  1. Hello Sir,
    I’m Aakash.
    I want to know more about how to earn bitcoin, is there any job for earning bitcoin. I saw there are many bitcoin websites are scam, and not paying even 1 satoshi at all, even i did their work.
    Sir, is you have any website name that pays me bitcoin for work. I know there are affiliate marketing is also available for earning descent money.
    But sir, there are no one present in my account or fb friend list to buy their hosting or anything from amazon, etc. etc.
    That’s why i need to know about how can i earn bitcoin. i’m also working as a freelancer but now i’m only trust on you for bitcoin.
    Can you help me sir Please.

  2. I have one confusion about bitcoin that , if we buy bitcoin from one website then can we sell that bitcoin to another website which gives higher price ?

  3. Hello Harsh,

    I recently came across a situation in Unocoin wallet, where my bitcoin purchase was reversed by them, stating that it was a server error. I purchased X number of BTC from them which got credited in my account right away, and within few hours they removed the BTCs from my wallet and cancelled the invoice. I now SERIOUSLY DOUBT their authenticity, since I know the fact that a bitcoin transaction cannot be reversed.
    What are your thoughts ?

    1. You are right on the part of Bitcoin transactions are irreversible. However, in this case, you are dealing with an exchange & they have control over your wallet. So they can do that. From now on, whenever you purchase bitcoins, transfer it to your own wallet like MyCelium or better buy a hardware wallet like Ledger Nano S (This is what I use & recommend)

  4. Is it true that most, if not all Bitcoin exchanges in India require you to be an Indian citizen in order to join their exchange and to buy and sell with them? Thank you

  5. Hello, thanks for the article. I wanted to know how to buy bitcoins in dollars for a resident indian, what requirements will be needed to be fullfilled. Like what kind of bank account, how to transfer funds, where to purchase the bitcoins, how much time does this process takes(sending dollars and buying bitcoins) and how much time it takes to get those bitcoins to our indian exchange. and finally how to do it legally?

    thanks in advance

  6. It is very informative article but biginners, please say about buying from one site and selling on other eg: Sell bits bought at unocoin, at zebpay

    1. @Satheesh
      You can do that but the problem is price fluctuates a lot. Even if you see an opportunity, the time Bitcoin transfer would take might take the opportunity away.

  7. Rajdeep Chakraborty

    buying bitcoin from some foreign sites and selling that in India – what kind of tax will it attract.
    can a trader be harassed by levying different kind of taxes later on.

    please advise.

    1. Yeah, you may do so because some exchanges take time for approvals and arbitrage opportunity might slip by then.

  8. Hello Harsh,

    I see that there is a huge difference in BUY and SELL between Zebpay and Coinsecure. I am thinking to arbitrage i.e. but in Zebpay and sell on Coinsecure since coinsecure keeps very less difference (approx 1000-2000 Rs) between buy and sell where as Zebpay maintain difference of Rs 8000-11000 between but and sell. What do you suggest on this?

    Regards,
    Niket Agrawal

    1. No perfect answer for this as arbitrage opportunities are getting less feasible and to do it right you need to do it at the right time.
      And apart from this, you need to time the market and keep an eye on numerous exchanges all at once. Also, the time it takes to transfer BTC to an exchange can take long enough and result into lost arbitrage opportunity.

  9. Hi Harsh & Sudhir

    If Indian exchanges are banned how do we cash out to the bank? Do foreign exchanges like Bittrex supports Indian banks?

  10. Comment: How to transfer btc from Unocoin or Zebpay to Paxful and Cash out with maximum profit to indian bank account?

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Howdy, Welcome to the popular cryptocurrency blog CoinSutra. Here at CoinSutra, we write about Bitcoin, wallet management, online security, making money from Bitcoin & various aspects of cryptocurrencies. You can read more about CoinSutra on the “About” page.
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