How to convert bitcoin to INR STAKE?: Bitcoin (BTC) is one of the most popular cryptocurrencies, and many users look for ways to convert their BTC into Indian Rupees (INR). If you use Stake, a well-known crypto gambling and gaming platform, you might be wondering how to cash out your Bitcoin holdings in INR.
In this blog, we’ll guide you through the process of converting BTC to INR from Stake safely and efficiently.
Table of Contents
Step 1: Withdraw Bitcoin from Stake
Since Stake primarily deals in cryptocurrency, you need to withdraw your BTC before converting it to INR. Follow these steps:
- Log in to Your Stake Account
- Visit Stake.com and log in to your account.
- Go to the Wallet Section
- Click on your profile icon and select the Wallet option.
- Select Bitcoin (BTC) and Withdraw
- Choose Bitcoin as your withdrawal currency.
- Enter the amount of BTC you want to withdraw.
- Enter Your Bitcoin Wallet Address
- You need to enter an external Bitcoin wallet address where you’ll receive the funds.
- Use wallets like Binance, WazirX, CoinDCX, or Trust Wallet for better security.
- Confirm and Process Withdrawal
- Double-check the wallet address and confirm the withdrawal.
- Stake will process your request, and the BTC should arrive in your external wallet shortly.
Step 2: Convert Bitcoin to INR
Once your BTC is in your external wallet, you need to exchange it for INR. Here’s how:
1. Use a Crypto Exchange (Binance, WazirX, CoinDCX, etc.)
To sell Bitcoin for INR, you’ll need to use a crypto exchange that supports INR transactions.
A. Binance
- Deposit BTC to your Binance wallet.
- Sell BTC for INR using P2P (Peer-to-Peer) trading.
- Withdraw INR to your bank account.
B. WazirX
- Deposit BTC to your WazirX wallet.
- Trade BTC for INR in the exchange.
- Withdraw INR directly to your bank account.
C. CoinDCX
- Transfer BTC to CoinDCX.
- Sell BTC for INR using the Instant Sell option.
- Withdraw INR to your linked bank account.
2. Use P2P Trading
If you want to avoid high exchange fees, use P2P (Peer-to-Peer) trading on Binance or WazirX. In this method:
- You sell BTC to a verified buyer.
- The exchange holds the BTC in escrow until payment is made.
- Once the buyer sends INR to your bank account, the BTC is released.
Step 3: Withdraw INR to Your Bank Account
After selling BTC for INR, you can withdraw the money directly to your bank account, UPI, or Paytm wallet (depending on the exchange).
- Go to the Withdrawal section.
- Enter your bank details or UPI ID.
- Confirm and receive your INR within a few hours or days (depending on the exchange).
Conclusion
Converting Bitcoin to INR from Stake is a simple process:
- Withdraw BTC from Stake to an external wallet.
- Transfer BTC to a crypto exchange (Binance, WazirX, CoinDCX).
- Sell BTC for INR using P2P trading or market trading.
- Withdraw INR to your bank account.
By following these steps, you can easily convert Bitcoin to INR while ensuring security and minimal transaction fees.
🚀 Pro Tip: Always check the latest BTC price and exchange rates before making a transaction!
Would you like a step-by-step video guide on this process? Let me know in the comments! 😊