How to sell crypto in India: A step-by-step guide

Buying crypto is only one part of the process. At some point, you may want to sell your holdings and convert them back into Indian Rupees.

You may be booking profits, reducing exposure, moving money to your bank account, or simply rebalancing your portfolio. Whatever the reason, the process is fairly simple when you use a trusted crypto exchange.

This guide explains how to sell crypto in India step by step, what you should check before placing an order, and what happens after the sale is completed.

Can you sell crypto for INR in India?

Yes.

Indian users can sell supported cryptocurrencies through a crypto exchange and receive the value in INR.

The exchange acts as the marketplace where buyers and sellers place orders. Once your sell order is matched and executed, the corresponding INR value is credited to your exchange wallet.

You can then use that INR to buy another crypto asset or withdraw it to your linked bank account.

The exact process may vary slightly between platforms, but the basic steps remain similar.

What do you need before selling crypto?

Before placing a sell order, make sure you have:

• A verified crypto exchange account
• Completed KYC
• Crypto available in your exchange wallet
• A linked bank account if you plan to withdraw INR
• Access to your account security methods such as OTP or two-factor authentication

If your crypto is stored in another wallet, you may need to deposit it into the exchange before selling.

Step 1: Log in to your Giottus account

Start by logging in to your Giottus account using your registered details.

Complete any required OTP or security verification.

Once you are logged in, check your crypto wallet balance to confirm that the asset you want to sell is available in your account.

Step 2: Transfer crypto to Giottus if required

If your crypto is already in your Giottus wallet, you can move directly to the trading section.

If it is stored in a private wallet or another exchange, you will first need to transfer it to Giottus.

Choose the correct crypto and blockchain network before making the transfer.

For example, if you are depositing USDT, check which networks are supported and make sure the same network is selected on both the sending and receiving platforms.

Using the wrong network or address can result in loss of funds.

Download Giottus

Step 3: Choose the crypto you want to sell

Go to the Spot trading section and search for the crypto you want to sell.

You may see different trading pairs depending on the asset.

If an INR pair is available, you can sell the crypto directly against INR. Otherwise, you may need to trade it through another supported pair before converting the value into INR.

Check the trading pair carefully before placing your order.

Step 4: Choose a market or limit order

You will usually have more than one order type available.

A market order sells your crypto at the best available price in the order book. It is generally used when you want the trade to execute quickly.

A limit order allows you to choose the price at which you want to sell. The order will remain open until the market reaches your selected price and enough buyers are available.

For example, if Bitcoin is trading at ₹60 lakh and you want to sell only if it reaches ₹61 lakh, you can place a limit sell order at ₹61 lakh.

The order may not execute if the market does not reach that price.

Step 5: Enter the amount you want to sell

You do not always need to sell your entire holding.

Most exchanges allow you to sell a portion of your crypto.

You may enter the number of coins or tokens you want to sell, or choose the percentage of your holdings depending on the trading interface.

Before confirming the order, review the estimated value you will receive.

Step 6: Review and place the order

Before tapping Sell, check the following:

• Crypto
• Trading pair
• Quantity
• Order type
• Selling price
• Estimated value
• Applicable trading fees

This final review is important, especially during volatile markets when prices can change quickly.

Once everything looks correct, place the sell order.

Also read: How to Buy Bitcoin for the First Time

Step 7: Check whether the order is completed

A market order is usually executed quickly if there is sufficient liquidity.

A limit order may remain under Open Orders until the selected price is reached.

Once the order is fully executed, the crypto amount will be deducted from your wallet and the corresponding asset or INR will be credited to your account.

You can check the trade history to confirm the transaction.

Step 8: Withdraw INR to your bank account

If you have sold your crypto for INR and want to move the money out of the exchange, go to the INR withdrawal section.

Select your registered bank account, enter the amount you want to withdraw, and complete the required verification.

Once the withdrawal is processed, the money will be transferred to your bank account.

Processing times can vary depending on banking systems and platform checks.

Things to check before selling crypto

Crypto markets can be volatile, so the price you see can move rapidly.

Check liquidity before placing large orders. A market order in a low-liquidity asset may execute at several different prices.

You should also understand trading fees and review your transaction history regularly.

Tax is another important consideration. Selling, swapping, or otherwise disposing of crypto may have tax implications in India. Keep proper records of your purchase price, sale value, fees, and transaction dates.

If you are unsure about tax reporting, consider consulting a qualified tax professional.

Should you sell all your crypto at once?

That depends on your investment plan.

Some investors sell their entire position after reaching a target. Others sell gradually.

For example, an investor may sell a portion after a strong price rise and retain the remaining amount for a longer period.

There is no single method that works for everyone. Your decision should depend on your financial goals, risk tolerance, and reason for investing.

Avoid making decisions purely because of fear or short-term market excitement.

Conclusion

Selling crypto in India is a straightforward process when you understand the steps.

You first need to ensure that the crypto is available in your exchange wallet. You can then choose the correct trading pair, decide between a market or limit order, enter the amount, and place your sell order.

After the trade is completed, you can keep the INR in your exchange account or withdraw it to your registered bank account.

The most important part is to check every detail before placing the order. Pay attention to the trading pair, price, network, fees, and tax implications.

A disciplined approach can help you avoid simple mistakes and manage your crypto transactions more effectively.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Please do your own research before investing and seek independent legal/financial advice if you are unsure about the investments.