CoinSwitch Pro is a virtual digital asset (VDA)/ crypto aggregation platform. Upon your instruction, we buy and sell cryptos on your behalf, from/ on such third-party crypto exchange, as selected by you. The services of online trading of Crypto/ VDA is provided by Bitcipher Labs LLP (LLPIN: AAM-0533). Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Legal terms & policies Bitcipher ToS, Trading Policy, Privacy Policy & AML Policy. CoinSwitch electronic platform is powered by Bitkuber Investments Pvt. Ltd. (CIN: U65990KA2021PTC145060) © 2018 - 2023 and ™ Bitkuber Investments Pvt Ltd. All rights Reserved
USDT to INR Conversion
Cryptos are traded in USD. But for us in India, it is difficult to convert the price of crypto to USD every time we trade. For example, it is much easier to understand the price of the stablecoin USDT in INR. This article will explain how CoinSwitch can be your ideal trading platform that fulfills all your trading requirements like currency conversion.
Simplifying conversion with CoinSwitch
Converting the price of USDT to INR is very simple with CoinSwitch. All you need to do is visit the CoinSwitch PRO
website, our rupee-powered, secure crypto trading platform. CoinSwitch PRO is also available on the app. Download the app
here. With our USDT to INR conversion
tool, you can convert the value of USDT into INR.
Tracking USDT price in India
USDT, or Tether as it is popularly known, is a stablecoin pegged to US Dollar. The primary purpose of a stablecoin is to maintain its value of $1 at all times. Maintaining the peg to USD should be straightforward as every USDT is backed by reserves held by the Tether Treasury. However, Tether’s asset has seen some price fluctuations over the years. This has impacted the peg, causing its price to fluctuate. USDT hit its all-time high of $1.32 in July 2018. The all-time low of $0.57 came in March 2015. The price swings occur when demand for the token changes. When the crypto market is surging, demand for stablecoins like tether is typically low, and vice versa. This impacts the USDT value. USDT price in India is influenced by Indian crypto market-specific news as well as by global developments. A USDT to INR calculator will help you know the current price of USDT in INR. This will help you make trading decisions.
Conversion in a snap
- - Visit the CoinSwitch PRO website or click on Pro for Traders link on the app. Click the Sign-up button. Provide a few essential details to complete the registration process.
- - Once you log in, click on the Search button on the left and enter the ticker symbol of the crypto you wish to convert to INR. For example, if you type in USDT, it will show the current price in INR.
- - Once you have the INR price of the crypto you wish to trade, you can select the Buy or Sell option on the right-hand side of the page.
- - Select your order type, set the price and the quantity you wish to buy, and the value of the transaction in INR, and click on “Place Order.” Now, you are all set to go!
The CoinSwitch advantage
Rupee-powered: CoinSwitch, India’s largest crypto exchange, helps you buy and sell some of the world’s top-rated cryptos using INR. No hassle of dollar conversion.
Trade on multiple exchanges: CoinSwitch PRO, our desktop/app platform exclusively for traders, lets you buy on one exchange and sell on another, all using a single trading account. For example, you could buy USDT on CoinSwitch and sell it on say, WazirX, to take advantage of the price differential.
Real-time rates: We provide real-time rates 24/7 at the lowest commissions on your trades. Not just that, our PRO platform lets you track your orders, wallets, and portfolio with a few clicks.
Data-driven: In data we trust. Make informed trading decisions with our candlestick graphs and charts.
Safety and support: CoinSwitch has made it mandatory for its users to comply with KYC-AML requirements. PRO employs industry standards such as two-factor authentication (2FA) and encryption to ensure the safety of your account and transactions. If you face any trading related-issues, rest assured that our customer support team provides 24/7 assistance.
FAQs
Yes, regulatory considerations include ensuring the platform complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) laws. Users should also be aware of the regulations in their jurisdiction regarding cryptocurrency trading as they may vary significantly by country.
What is the difference between CoinSwitch and CoinSwitch pro? ›
CoinSwitch and CoinSwitch PRO are interlinked platforms that one can access via the same app or website. They are both meant to help users trade easily, but one is built for a different class of users. Good old CoinSwitch keeps it simple. You can buy, sell, and start SIPs in 100+ cryptos instantly starting from ₹100.
Why Indian crypto exchanges have different prices? ›
Q: Why are cryptocurrency prices different on exchanges? A: The price of bitcoin is different on all exchanges. This is because supply affects the price, so smaller exchanges may have it listed at a higher price due to low supply.
Which Indian crypto exchange has most coins? ›
Best cryptocurrency exchanges in India
| Exchange | Cryptocurrencies available | Payment methods |
|---|
| Bitbns | 400+ | UPI, Bank, P2P USDT |
| Mudrex | 150+ | UPI , USDT, Bank Transfer |
| Coinswitch | 170+ | NEFT, RTGS, IMPS |
| ZebPay | 100+ | IMPS, NEFT, RTGS |
5 more rowsArbitrage trading involves exploiting the price differences in the same cryptocurrency across different exchanges. By leveraging cryptocurrency swaps, one can capitalize on these price differentials to buy low on one exchange and sell high on another, thereby pocketing profit in the process.
Can you trade crypto multiple times a day? ›
A cryptocurrency exchange will allow you to buy and sell coins 24 hours per day. It is important to think about what kind of cryptocurrencies you are looking to get involved with. If you are looking to day trade full time, then it is well worth choosing an exchange that has lots of difference pairings listed.
Which platform is best for crypto trading in India? ›
Conclusion. In conclusion, the best crypto exchanges in India include Mudrex, CoinDCX, CoinSwitch, WazirX, ZebPay, and BitBNS based on several factors like ease of use, security, fees, coin availability, and more. Each crypto exchange has its strengths and weaknesses, catering to various needs and preferences.
Is it safe to trade in CoinSwitch? ›
A security breach was recently reported at WazirX. This news might be alarming to all CoinSwitch users and crypto traders across India. We want to assure all our users that your funds and crypto holdings on the CoinSwitch platform are safe and secure.
Which crypto trading platform is the best? ›
Best Crypto Exchanges and Apps for September 2024
- Best for Low Fees and Best for Experienced Traders: Kraken.
- Best for Beginners: Coinbase.
- Best Mobile App: Crypto.com.
- Best For Security: Gemini.
- Best for Altcoins: BitMart.
- Best for Bitcoin: Cash App.
- Best Decentralized Exchange: Bisq.
| Coin Name (Code) | Price | Buy Coin |
|---|
| Ethereum(ETH) | ₹ 1,95,000 | Buy on Bitbns +6 options |
| Tether(USDT) | ₹ 77.51 | Buy on Bitbns +5 options |
| Binance Coin(BNB) | ₹ 39,225 | Buy on Bitbns +5 options |
| Solana(SOL) | ₹ 9,200 | Buy on Bitbns +5 options |
60 more rowsBinance — the world's biggest exchange by trading volume — is available in India! Low fees: Binance offers some of the lowest fees for cryptocurrency investors. Trades are subject to a 0.1% standard fee.
Why crypto market is banned in India? ›
India to Ban URLs of Certain Crypto Exchanges
On Dec. 28, 2023, the Financial Intelligence Unit (FIU) sent a show cause notice to nine offshore crypto exchanges after they were found to be “illegally operating” and not compliant with India's anti-money laundering law.
Which is the safest crypto exchange in India? ›
Minimum Investment Required
CoinDCX is considered one of the safest and most transparent cryptocurrency trading platforms in India.
Which crypto will boom in 2024? ›
Top 10 Cryptos in 2024
| Coin | Market Capitalization | Current Price |
|---|
| Ethereum (ETH) | $287.89 billion | $2,393 |
| Binance Coin (BNB) | $73.99 billion | $507.14 |
| Solana (SOL) | $62.45 million | $133.76 |
| Ripple (XRP) | $30.62 billion | $0.54 |
6 more rowsSep 6, 2024
Binance was banned in response to its non-compliance with anti-money laundering laws in the country. One of the sources quoted in the report said it was “unfortunate” that it took Binance more than two years to realise “there is no room for negotiations and no global powerhouse can command special treatment”.
Is it smart to have multiple crypto wallets? ›
Enhanced security: Having several wallets can protect your assets from being compromised all at once. If one wallet is at risk, it doesn't spell disaster for your entire crypto portfolio. Organizational clarity: Different wallets can be allocated for various purposes — daily spending, long-term savings, or trading.
Does exchanging crypto count as selling? ›
Converting one crypto to another: When you use bitcoin to buy ether, for example, you technically have to sell your bitcoin before you buy a new asset. Because this is a sale, the IRS considers it taxable. You'll owe taxes if you sold your bitcoin for more than you paid for it.
Should I take my crypto off exchanges? ›
Most exchanges are custodial, meaning you don't own your private key or other data. So, if you keep crypto on an exchange's custodial mobile wallet, hackers might infiltrate your funds and even steal your financial information.
Is it smart to invest in multiple cryptocurrencies? ›
Investing in multiple cryptocurrencies can help spread out risk, but it's important to keep in mind that it may also limit potential gains. On the other hand, investing in a single cryptocurrency may be riskier but could potentially lead to greater profits if the currency performs well.
