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Is there a limit to how much INR I can convert to cryptocurrency?

avatarClayton McleodDec 26, 2021 · 3 years ago3 answers

I'm interested in converting my INR (Indian Rupee) to cryptocurrency, but I'm not sure if there is a limit on how much I can convert. Can I convert any amount of INR to cryptocurrency, or are there restrictions in place?

Is there a limit to how much INR I can convert to cryptocurrency?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are limits on how much INR you can convert to cryptocurrency. The specific limits may vary depending on the cryptocurrency exchange you are using. Some exchanges may have daily or monthly limits on the amount of INR you can convert, while others may have tiered limits based on your account verification level. It's important to check the terms and conditions of the exchange you plan to use to understand their specific limits.
  • avatarDec 26, 2021 · 3 years ago
    There may be limits on how much INR you can convert to cryptocurrency, but it depends on the exchange you are using. Different exchanges have different policies and regulations in place. Some exchanges may have stricter limits to comply with anti-money laundering (AML) and know your customer (KYC) regulations, while others may have more flexible limits. It's best to research and compare different exchanges to find one that suits your needs and offers the desired conversion limits.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, there are no specific limits on how much INR you can convert to cryptocurrency. We believe in providing our users with the freedom to convert their desired amount of INR to cryptocurrency. However, it's important to note that there may be certain restrictions or verification requirements based on your account type or transaction history. We recommend checking our platform for the most up-to-date information on conversion limits and requirements.