Crypto payouts in India
How to receive crypto and withdraw Indian rupees to your bank account.
If you don't plan to trade, simply convert crypto to INR and withdraw it to your bank account.
Reliable options
Indian exchanges: CoinDCX, WazirX, ZebPay, BitBns
- Create an account and complete KYC (passport or ID).
- Receive crypto to your exchange wallet using the deposit address.
- Sell it for INR.
- Withdraw INR to your bank account via UPI, IMPS or NEFT.
Binance P2P
- Receive crypto to your Binance wallet.
- List it for sale on the P2P marketplace.
- The buyer sends you INR directly (UPI or bank transfer).
- Once you confirm the payment, Binance releases the crypto to the buyer.
OTC desks. For large amounts, use an official exchange OTC desk (for example CoinDCX or WazirX) rather than third-party brokers.
Taxes
- Most exchanges automatically deduct 1% TDS when you sell crypto for INR.
- Crypto profits are taxed at 30%, regardless of how long you held the assets.
- With international P2P (such as Binance), the seller is responsible for reporting and paying TDS.
Rules and exchange conditions change. Before you deposit or withdraw, check the platform's latest updates. Some exchanges, including WazirX, have had interruptions with INR withdrawals. Large transactions may require extra KYC and proof of funds. This is general information, not tax advice.