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How can I buy and sell cryptocurrencies like Bitcoin with INR on Remitly?

avatarpheonisxDec 28, 2021 · 3 years ago3 answers

I want to know the process of buying and selling cryptocurrencies such as Bitcoin using INR on Remitly. Can you guide me through the steps?

How can I buy and sell cryptocurrencies like Bitcoin with INR on Remitly?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure, I can help you with that! To buy and sell cryptocurrencies like Bitcoin with INR on Remitly, you need to follow these steps: 1. Sign up for an account on Remitly and complete the verification process. 2. Deposit INR into your Remitly account using the available payment methods. 3. Once your INR deposit is credited, navigate to the cryptocurrency trading section on Remitly's platform. 4. Choose the cryptocurrency you want to buy or sell, in this case, Bitcoin. 5. Enter the amount of INR you want to spend or receive for your Bitcoin. 6. Review the transaction details and confirm the trade. 7. If you're buying Bitcoin, the cryptocurrency will be credited to your Remitly account. If you're selling Bitcoin, the equivalent INR will be deposited into your Remitly account. Please note that Remitly may have specific terms and conditions, as well as fees, associated with cryptocurrency trading. Make sure to read and understand them before proceeding with any transactions.
  • avatarDec 28, 2021 · 3 years ago
    Buying and selling cryptocurrencies like Bitcoin with INR on Remitly is a straightforward process. First, you need to create an account on Remitly and complete the necessary verification steps. Once your account is set up, you can deposit INR into your Remitly wallet using the available payment methods. After your INR deposit is confirmed, you can navigate to the cryptocurrency trading section on Remitly's platform. From there, you can select Bitcoin as the cryptocurrency you want to buy or sell. Enter the desired amount of INR you want to spend or receive for your Bitcoin, review the transaction details, and confirm the trade. Remitly will handle the rest, either crediting your account with Bitcoin or depositing the equivalent INR. It's important to note that Remitly may charge fees for cryptocurrency transactions, so be sure to check their fee schedule before proceeding.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that allows you to buy and sell cryptocurrencies like Bitcoin with INR. To get started, sign up for an account on BYDFi and complete the necessary verification process. Once your account is verified, you can deposit INR into your BYDFi wallet using the available payment methods. After your INR deposit is confirmed, you can navigate to the trading section on BYDFi's platform and select Bitcoin as the cryptocurrency you want to buy or sell. Enter the desired amount of INR you want to spend or receive for your Bitcoin, review the transaction details, and confirm the trade. BYDFi will handle the rest, either crediting your account with Bitcoin or depositing the equivalent INR. Keep in mind that BYDFi may have specific terms and conditions, as well as fees, associated with cryptocurrency trading. Make sure to read and understand them before proceeding with any transactions.