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 aorund $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.
So without further delay, let’s jump into this exclusive list of websites in India that let us sell Bitcoin.
- Also see: Best Indian Websites To Buy Bitcoin
Best Indian Websites to Sell Bitcoins:
Coinsecure is one of the finest Bitcoin exchanges in India. Here you can sell bitcoins at the current market price, or you can sell based on another desired price. If you are just getting into Bitcoin trading, Coinsecure is a great site to get started with.
For a complete newbie, the interface might look a little complicated, but within a few minutes, it becomes pretty easy to work with.
If you have an Android, you should use the Coinsecure Android app for buying & selling Bitcoin; I find it way better than their web interface.
When you sign up for Coinsecure, you get a Bitcoin wallet address & you can generate a new Bitcoin address for any transaction.
For trading, you need to send your existing bitcoins from the Coinsecure wallet to the Coinsecure Trade Engine.
This process is free & depending on your requirements, you can either directly deposit bitcoins from other platforms to the Trade Engine wallet, or to the Coinsecure wallet. If your purpose is arbitrage, you should deposit BTC to the Trade Engine wallet.
If you haven’t used Coinsecure before, I will be sharing a detailed guide + video in an upcoming post.
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.
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.
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.
This is another upcoming Bitcoin exchange from India. In comparison to other Indian Bitcoin selling sites, this one offers better selling rates.
This site is currently in beta & the only thing you may not like is the lack of a mobile app. However, high selling prices compensate for this.
I have used BTCxIndia in a couple of situations & was not disappointed with the selling price. This is another good site that you should have on your list.
I have talked about Unocoin before, and unlike other sites mentioned above, this one offers a Bitcoin wallet & a trading option. When you create an account, you get the option to buy or sell bitcoins at a fixed price.
The price is usually different than the Bitcoin market rate, so it’s a good idea to compare the price before transferring bitcoin to any of the Indian Bitcoin selling websites.
They offer an iOS app & an Android app which makes it easier for you to receive bitcoins & sell them on Unocoin. Their web interface is one of the best in India & they offer many more features that I have discussed here.
5. ZebPay (100 INR Referral code: REFHARS9122)
This company, based out of Ahmedabad, India, is enabling Indian users to get the hang of Bitcoin. Just like Unocoin, this one also offers a trading option. You can also recharge your mobile phone with Bitcoin on Zebpay.
They have both an iOS & Android app. I have used their Android app & I believe it requires a little work to be perfect.
However, their selling price is usually the best in India, so place Zebpay in your bookmarks.
(Use Zebpay Referral code: REFHARS9122 to get INR 100 for free)
Bonus: Compare Bitcoin Buying/Selling Price From One Place
Here is an extra bonus from CoinSutra.
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.
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.
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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