How to Cash Out Bitcoin in India 2018

　　In recent years, Bitcoin has gained immense popularity as a digital currency, and India is no exception. Many people in India have invested in Bitcoin, and now they are looking for ways to cash out their investments. If you are one of those individuals who want to know how to cash out Bitcoin in India 2018, this article will guide you through the process.

　　Firstly, it is essential to understand that the process of cashing out Bitcoin in India 2018 may vary depending on the platform you are using. However, the general steps remain the same. Here’s a step-by-step guide on how to cash out Bitcoin in India 2018:

　　1. Choose a Bitcoin wallet: Before you can cash out your Bitcoin, you need to have a Bitcoin wallet. A Bitcoin wallet is a digital storage solution that allows you to store, send, and receive Bitcoin. There are various types of Bitcoin wallets available, including mobile wallets, desktop wallets, and web wallets. Choose a wallet that suits your needs and download it on your device.

　　2. Connect your wallet to a Bitcoin exchange: To cash out your Bitcoin, you need to connect your wallet to a Bitcoin exchange. A Bitcoin exchange is a platform where you can buy, sell, and trade Bitcoin. Some popular Bitcoin exchanges in India include WazirX, Zebpay, and CoinDCX. Sign up for an account on the exchange of your choice and link your wallet to the exchange.

　　3. Verify your identity: Most Bitcoin exchanges require you to verify your identity before you can withdraw funds. This is to comply with anti-money laundering (AML) and know your customer (KYC) regulations. You will need to provide identification documents such as your Aadhaar card, PAN card, and a recent photograph. Follow the instructions provided by the exchange to complete the verification process.

　　4. Place a sell order: Once your identity is verified, you can place a sell order on the exchange. This involves specifying the amount of Bitcoin you want to sell and the price at which you want to sell it. The exchange will match your order with a buyer and execute the trade.

　　5. Withdraw funds to your bank account: After the trade is executed, you will receive the equivalent amount in Indian rupees in your bank account. To withdraw the funds, go to the withdrawal section of the exchange and enter your bank account details. Make sure to double-check the account details to avoid any errors.

　　6. Wait for the funds to be credited: Once you have submitted the withdrawal request, it may take a few hours to a few days for the funds to be credited to your bank account, depending on the exchange and your bank’s policies.

　　In conclusion, cashing out Bitcoin in India 2018 is a straightforward process, provided you follow the right steps. By choosing a reliable Bitcoin wallet, connecting it to a reputable exchange, verifying your identity, and placing a sell order, you can easily convert your Bitcoin into Indian rupees. However, it is crucial to stay informed about the latest regulations and exchange policies to ensure a smooth and secure cash-out process.

　　Remember that the process of cashing out Bitcoin in India 2018 may vary slightly from one platform to another. Always read the terms and conditions of the exchange and consult with a financial advisor if you have any doubts or concerns. With the right approach, you can successfully cash out your Bitcoin investments and enjoy the benefits of your investment.

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