convert bitcoin into cash

Transfer Bitcoin to Indian Bank Account Using Online Exchange

Bitcoin is one of the types of digital money that many people use in many countries. However, it is a great source to avail money profit. Therefore, a bitcoin wallet is available online or also as an app that you can install on your smartphones. Though, bitcoin is a digital currency so it is not to be used directly. Firstly you have to convert it into physical cash/money before spending it. Thus, it is important to choose the best of it for the bitcoin conversion. Hence, you can get your bitcoin exchange through Bitcoincashout. This is one of the best and well-known currency exchanges all over the world. Even so, people also ask about the process of bitcoin transfer to several different countries in a convenient way. For sure, there are many of the simplest ways for this. Though, read below to know completely about how you can transfer bitcoin to the Indian bank. 

How To Transfer Bitcoin To Indian Bank 

As we know, new technology and methods make the transfer of bitcoin and other currencies easy. As every country’s banks have their policies, so following them is absolutely necessary for anyone who utilizes their services. Even so, sell your bitcoins directly in the Facebook groups and bitcoin forums. After this, ask them to send you the IMPS and NEFT. Though sell bitcoins instantly using E-wallets like Paytm, Freecharge, Phonepe, etc., and at last then transfer the bitcoin to the Indian Bank Account.  

0.026 BTC To INR 

The rates of every currency are according to their country’s exchange rate. However, it depends on the value of the bitcoin that how much it decreases or increases because it affects the amount rate. You can simply know the exchange rate through the graph available online. Though the currency converter can also let you know about the current rates. Thus the number 0.026 of bitcoin is equal to the 108270.34 of the Indian Rupee. 

How To Exchange Bitcoin To INR 

There are several currency exchanges. Though you have to exchange the bitcoin before spending it. But how? So here you have the simplest way by which you can exchange the bitcoin to the Indian Rupee. Thus, in the present situation, they have come up with a new way of peer-to-peer trading.

For the exchange of bitcoin to INR, do follow the below steps.

  1. Firstly, create an account on Binance or log in to it if you already have one.
  2. Then select spot P2P.
  3. Do select the option “exchange” 
  4. Select BTC
  5. At last, Under Fiat select “INR”.

How To Convert Bitcoin To Cash In India 

Conversion of bitcoin is so easy and simple that you can simplify this at home by staying home online. However, this is the convenient way by which bitcoin is converted to cash in India. Hence, Binance is one of the world’s largest and trusted cryptocurrency exchanges. This exchange company offers a P2P option to sell and convert Bitcoin in India. Thus, this price is the same as the other exchanges. But it is better for those who would like to use only Binance and exchange directly in INR. 

Indian Bank Account Transfer 

Many people wanted to transfer the bank account in India. Though they can also do it online. However, follow some of these steps to get to know how this process is done.

  1. First, you have to log in to your Indian Bank Account Online.
  2. Then click on “Fund Transfer”
  3. After that, click on “Add Payee” from the same bank or “Add Payee” from a bank other than the Indian Bank for an IMPS fund transfer.
  4. Now, Enter the details of the beneficiary. Such as account name, bank account number, and IFSC code.

 And in these some steps the process ends here.

How To Transfer Bitcoin To Bank Account 

However, bitcoins can not be withdrawn into a bank account directly. Though, you can either sell them to somebody who then transfers money to your bank account. Moreover, you also have another option of selling them to an exchange and then withdraw the funds from there. Thus, here are some of the ways by which you can simply transfer bitcoin to a bank account.

  • Do sell your cryptocurrency exchange, viz: coinbase or Kraken.
  • Now sign up and complete the verification process.
  • Then Deposit (or buy) BTC into your account.
  • At last, cash out your BTC to a flat via bank transfer or Paypal (applicable to some services).

How to transfer money from blockchain to bank account 

Bitcoins are the digital money that must be exchanged before spending it. Bitcoins are saved in the bitcoin wallet where your bitcoins are completely secured. Moreover, they also secure your personal information related to the account. However, if you have a linked Blockchain Exchange and wallet account or if you wish to move your funds to your Blockchain wallet. Though, you can simply select my blockchain wallet as your authentication code to withdraw your funds. 

Can We Convert Bitcoin Into Cash 

Obviously yes! You can convert bitcoin into cash. Because before spending it, you should convert it into physical money. As bitcoin is digital money so you can also transfer it to the banks and convert it into cash. Thus, there are several ways to convert bitcoin to cash and ultimately move it to a bank account. However, sell bitcoin on a cryptocurrency exchange such as Coinbase or Kraken. Till now, this the easiest method if you want to sell bitcoin and withdraw the resulting cash directly to a bank account. So, deposit or buy BTC into your account. 

How To Withdraw Money From Bitcoin To Bank Account In India 

You can withdraw money from bitcoin to a bank account, for this just have a look at the points below:

  • Coinbase 
  • Bitstamp
  • Kraken
  • CoinCorner
  • Bitpanda
  • Coinbase pro
  • CEX.io

How To Redeem Bitcoins 

Though money is the most important thing you should have to fulfill your needs. Well! You can easily get profit by conversion of bitcoin into cash as its amount gets doubled. Read thoroughly these steps to get the complete guide for it.

  1. You will need to open an account with coinbase, though link your bank account deposit.
  2. Thus, once you have set up your account, you will need to send your bitcoin to your coinbase bitcoin address.
  3. Once everything is all set., click on buy/sell at the top of the page.

Conclusion 

There are several different ways to transfer bitcoin to the bank. But here you’ll get to know how bitcoin is transferred into the Indian banks. As bitcoin is digital money so it is saved in the digital wallet You can transfer bitcoin to Indian banks through a very simple process. According to different policies in India, you have to accept those policies to complete the conversion. Moreover, you can sell your bitcoins directly in Facebook groups. Thus, you can directly withdraw your bitcoin from your bank account. Moreover, you can save your bitcoins also in the banks. However, the customer can approach either the home branch or the transferee branch with a request letter. You can trade bitcoin in India easily at the best conversion rates. To transfer bitcoin into a bank account is simple but it takes two steps. First, you have to convert bitcoin to cash at any of the exchanges. Then you can withdraw funds into your bank account. 

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