Selling Bitcoin, cryptocurrency for indian rupees, exchanges, cash

Large number of cryptocurrency buyers wish to pay sellers Indian rupees

By pcwork | onlinemoneymaking | 14 Dec 2023


It appears that there is an increase in the demand for cryptocurrencies in India.
Since credit card transactions are closely monitored, the Indian crypto buyers prefer to purchase from Indian sellers, and pay in Indian rupees since the transactions are less likely to get monitored, it is just the sale of tokens for Indian rupees.

Recently there was an advertisement in beermoneyindia section of reddit
The crypto buyer was interested in purchasing crypto. He was offering cash for crypto sellers in Kolkatta, and UPI, IMPS, NEFT and other payment methods for sellers from other places in India.
The reddit listing was deleted after a few hours before a screenshot could be taken, indicating high levels of censorship.

Indian citizens and residents who get paid in crypto for their online work can easily convert their crypto into Indian rupees using the P2P section of different exchanges. Due to the government policy of falsely claiming that sindhi school dropouts, housewives, call girls and other high status well connected government employees who never had online income, are online experts, the government has not yet formulated a policy of accounting for crypto income as payment for work done.
So till the government acknowledges that cryptocurrency is being used as an alternative to Paypal, SWIFT transfer and other payment methods, the Indian rupee will continue to fall to reach an all time low against the US dollar.

How do you rate this article?

11


pcwork
pcwork

Domain investor, online publisher


onlinemoneymaking
onlinemoneymaking

Online money making, receiving crypto payment for content, advertising, taxation, affiliate income, services.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.