How to Convert USDT to INR in Wazirx: A Detailed Guide
Converting USDT to INR on Wazirx can be a straightforward process if you follow the right steps. In this guide, I’ll walk you through the entire process, from setting up your account to completing the transaction. Whether you’re new to cryptocurrency exchanges or a seasoned trader, this guide will help you navigate the process with ease.
Creating a Wazirx Account
Before you can start converting USDT to INR, you need to create a Wazirx account. Here’s how to do it:
- Visit the Wazirx website and click on the “Sign Up” button.
- Enter your email address and create a strong password.
- Complete the captcha to verify that you are not a robot.
- Check your email for a verification link and click on it to activate your account.
- Log in to your account and complete the two-factor authentication (2FA) setup for added security.
Verifying Your Account
Wazirx requires you to verify your account before you can start trading. Here’s how to do it:
- Go to the “Profile” section of your account.
- Click on the “Verify” button next to your name.
- Upload a government-issued ID, such as a passport or driver’s license.
- Upload a recent photo of yourself holding the ID.
- Wait for Wazirx to review your documents. This process can take a few hours to a few days.
Depositing USDT
Once your account is verified, you can deposit USDT into your Wazirx wallet. Here’s how to do it:
- Go to the “Wallet” section of your account.
- Click on the “Deposit” button next to USDT.
- Copy the USDT deposit address provided by Wazirx.
- Send USDT to the address using your preferred cryptocurrency wallet.
- Wait for the transaction to be confirmed. This process can take a few minutes to a few hours, depending on the network congestion.
Converting USDT to INR
Once your USDT is in your Wazirx wallet, you can convert it to INR. Here’s how to do it:
- Go to the “Trade” section of your account.
- Click on the “Spot” tab.
- Select USDT/INR from the list of trading pairs.
- Choose the type of order you want to place. You can choose from market, limit, or stop orders.
- Enter the amount of USDT you want to convert to INR.
- Review your order and click “Buy INR” to execute the trade.
Withdrawing INR
After you’ve converted USDT to INR, you can withdraw the INR to your bank account. Here’s how to do it:
- Go to the “Wallet” section of your account.
- Click on the “Withdraw” button next to INR.
- Enter the amount of INR you want to withdraw.
- Enter your bank account details, including the account number, IFSC code, and bank name.
- Review your withdrawal request and click “Submit” to initiate the withdrawal.
Understanding Fees and Limits
It’s important to understand the fees and limits associated with converting USDT to INR on Wazirx:
| Transaction Type | Fee | Limit |
|---|---|---|
| USDT Deposit | Free | Up to 10,000 USDT per day |
| USDT Withdrawal | 0
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