How to Sell Bitcoin in India 2021 (3 Easy Steps)

[Shiftal]

What do you do when you have some bitcoin in your wallet that you want to sell for the maximum profit? The first thing most people would do is try and find the right website that can give maximum value on sale. If you are wondering how to sell Bitcoins in India, this guide will take you through the easy, step-by-step process.

Finding the right platform to sell your bitcoin is one thing. You also need to find the best time to sell your coins in order to get the maximum profit. Of course, it can take months, if not years, before you find the right opportunity. And unless you’re in a hurry to sell, I’d recommend you wait.

How to Sell Bitcoin (BTC) in India Instantly

When looking for how to sell bitcoin in India, you could have multiple options depending on your reason to sell. For instance, if you are in need of immediate cash, you might be looking for a website that can help you quickly sell your bitcoin, irrespective of the price or profit.

Tracking the Bitcoin Price

If you are not in a hurry to sell your bitcoin, I’d strongly recommend you wait for the right time. Bitcoin is highly volatile, and its price keeps touching ATH (all-time high) again and again. Only recently BTC broke its previous ATH record of $58,000 to reach an all-time high of $61,499 on March 14th, 2021.

So, if you wait for the right time, there is a good chance that you’ll end up with much more than you would by selling your bitcoin right now.

Finding the Right Exchange to Sell Your Bitcoin

Once you’re ready to sell your bitcoin, the next step is to choose the right exchange. An exchange is a website or platform that lets you buy or sell certain assets, currencies and stocks. For buying or selling digital currencies such as Bitcoin, you have to find a cryptocurrency exchange.

Some of the top options for crypto exchanges in India include WazirX, Binance, Shiftal, Paxful, and Localbitcoins. Compare these exchanges based on factors like allowed cryptocurrencies & pairs, supported payment methods, trade cost, transparency, security, support and popularity.

I personally advise you to choose a P2P exchange, as it can offer better returns due to minimal transaction charge as well as protect your privacy and data better.

What’s a P2P crypto exchange?

A P2P crypto exchange is a platform that allows a user to buy/sell cryptocurrency directly from/to other users with a minimal role of the platform itself. It ensures minimal trade fee and maximum security in transactions.

Sell Your Bitcoin on Shiftal P2P Exchange Quickly in 3 Easy Steps:

Shiftal is a leading P2P cryptocurrency exchange platform that was created to provide crypto traders & investors with an easy and affordable way to buy/sell their coins instantly & securely.

The Shiftal Exchange is also suitable for those who want to get the best price for their bitcoin but can’t wait for the market price to increase, as they can still get the best price for their coins using Shiftal’s unique bidding system. Here’s how it works:

Step 1: Register on Shiftal

To start selling your bitcoin on Shiftal, you’ll first have to create an account on the website. Visit Shiftal.com and click the Sign-up button to get started.

After you’ve verified your email, you can log in to the website.

Step 2: Create a new trade advertisement to choose from existing ones

The Shiftal exchange uses an advertisement-based trading system, where you can post advertisements for your buy/sell requirements. In order to sell Bitcoin, you can create an ad detailing your offer, expected price, preferred payment method, etc. A user who is interested in buying bitcoins from you can click on your ad and then talk/chat directly with you on Shiftal’s very secure trade page.

Alternatively, you can choose from the existing buy ads listed on the Shiftal platform.

Step 3: Complete the trade

Talk with the potential buyer directly & securely on the Shiftal platform. Then, if both parties agree, you can ask the buyer to make the payment directly to your account/wallet.

Shiftal acts as an Escrow and will automatically release the coins to the buyer after verifying that you have received the payment in your account.

The Shiftal exchange features a robust support system to provide quick help to its traders and avoid fraudulent activities on the platform. Its unique Callback Request feature can be used to request help for instant dispute resolution during a transaction.

There are multiple ways to sell Bitcoin in India, and Shiftal is arguably the best, fastest & most secure of them.

[mlawson71]

What is the regulatory situation with cryptocurrencies today? The Indian government seems to come up with a new idea every few weeks.

[Shiftal]

What is the regulatory situation with cryptocurrencies today? The Indian government seems to come up with a new idea every few weeks.

The situation is still unclear but till any further announcement by the government, the cryptocurrencies are legally tradable. Also, it is very unlikely to ban crypto as many platforms across the world are widely accepting cryptocurrencies.