How to Purchase Indian Rupee (INR) using Ethereum (ETH) in India
To buy Indian Rupee using Ethereum, first, find a cryptocurrency exchange that supports the INR/ETH trading pair. Create an account, verify your identity, and deposit your ETH into your exchange wallet. Locate the INR/ETH pair on the trading platform and place an order to exchange your Ethereum for Indian Rupee. If the INR/ETH pair is unavailable, you can first exchange Ethereum for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Indian Rupee. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Indian Rupee (INR) for Ethereum (ETH) in India
To sell Indian Rupee for Ethereum, first, find a cryptocurrency exchange that supports the INR/ETH trading pair. Create an account, verify your identity, and deposit your INR into your exchange wallet. Locate the INR/ETH pair on the trading platform and place a sell order to exchange your Indian Rupee for Ethereum. If the INR/ETH pair is unavailable, you can first sell Indian Rupee for a stablecoin like Tether (USDT) or a fiat currency like INR, then trade that for Ethereum. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.