How to withdraw funds from blockchain

JMak

Adept
As the title says...
A friend is having some btc in his blockchain wallet, which I believe he had made a while back and accepted funds just for fun,those btc have swelled on their own to sizable amount now and he wishes to withdraw his btc which might be worth 500 or something $..
I had told him to send btc to someone and get the instance amount in inr from that guy in his paytm or bank acc... Seems he isn't able to locate someone..
Can you guys guide.
 

Stronk

Adept
Use localcryptos to sell without KYC, otherwise depositing to an exchange wallet and then converting that to Fiat (INR) could include significant costs in terms of fees
 

JMak

Adept
Use localcryptos to sell without KYC, otherwise depositing to an exchange wallet and then converting that to Fiat (INR) could include significant costs in terms of fees
Can you plz name a few and if possible the process please.
As far as i could get the blockchain wallet isn't verified but he can send and accept btc, si he should be able to send btc to local Indian wallet if that's what you meant..
How then from thy to his bank acc.?

Thanks
 
Last edited:

Stronk

Adept
Can you plz name a few and if possible the process please.
As far as i could get the blockchain wallet isn't verified but he can send and accept btc, si he should be able to send btc to local Indian wallet if that's what you meant..
How then from thy to his bank acc.?

Thanks
The way it works is this - the seller lists the price at which they are willing to sell. They make the payment via the methods specified by seller (be it wallet, upi, net banking etc). Once the confirmation of transaction is done, the crypto is released to the buyer.
You can sell a small amount at first (something like 500-1000inr) to familiarize yourself with the process and then go for larger amounts. Good luck!
 
You could try to transfer the BTC to a exchange like Bitbns and sell it there, the INR you receive you can get it transferred to your bank account, mind you through this process you might get taxed
 
create a wazirx account from desktop. Complete KYC (aadhar/pancard, selfie). Add your Indian bank account to wazirx. Generate a wallet address specific for bitcoin. Withdraw from your current blockchain wallet to wazirx using the generated address. Once you have the btc credited to wazirx, sell them in wazirx marketplace. Yo will get equivalent INR which can then be withdrawn to your Indian bank account. It may take sometime for BTC to reflect in your wazirx . Works the same way for coinbase aswel.
 

JMak

Adept
create a wazirx account from desktop. Complete KYC (aadhar/pancard, selfie). Add your Indian bank account to wazirx. Generate a wallet address specific for bitcoin. Withdraw from your current blockchain wallet to wazirx using the generated address. Once you have the btc credited to wazirx, sell them in wazirx marketplace. Yo will get equivalent INR which can then be withdrawn to your Indian bank account. It may take sometime for BTC to reflect in your wazirx . Works the same way for coinbase aswel.
Thanks, was wondering about the same route, but you have made it pretty clear and that too pretty lucid.
Thanks bud.
 
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