Crypto FAQ: Frequently Asked Questions About Cryptocurrency in India
Short, direct answers about buying and selling crypto with INR, P2P trading, fees, wallets and security. Each answer links to a detailed guide. For account-specific help, visit Support.
Buying Crypto
On CoinYatra you buy Bitcoin with INR through the P2P marketplace: choose a seller's ad, pay them by UPI or bank transfer, and the seller's BTC is held in escrow until they confirm your payment. Direct Buy from CoinYatra itself is planned from 1 April 2027.
Verify your account, open the P2P marketplace, pick a USDT sell ad whose price, limits and payment method suit you, then pay the seller in INR within the payment window. The USDT is released from escrow to your balance once the seller confirms receipt.
Selling Crypto
Post a sell ad or respond to a buyer's ad on the P2P marketplace. Your BTC is locked in escrow when the order opens, the buyer pays INR to your saved payment method, and you release the BTC only after the money has actually arrived in your account.
Deposit USDT on a supported network, create or take a P2P order, and receive INR from the buyer by UPI or bank transfer. Release the USDT from escrow only after you have checked your bank statement, not a screenshot.
Bitcoin
The BTC/INR market page shows a live Bitcoin reference price in INR alongside recent movement. Prices move continuously, so P2P ads may be priced slightly above or below the reference.
USDT & INR
Buyers and sellers agree on an INR price per USDT in an ad. When an order opens, the seller's USDT moves into escrow, the buyer pays in INR, and the seller releases the USDT after confirming payment. Either side can raise a dispute inside the order.
Each P2P advertiser sets their own price. Rates vary with demand for USDT in India, the global USD/INR rate, order size, payment method and how quickly a trader wants to complete.
Sell USDT to another verified user on the P2P marketplace and receive INR directly to your bank or UPI. Check the reference rate first so you can judge whether an ad's price is fair.
P2P Trading
P2P trading connects buyers and sellers directly. The platform holds the seller's crypto in escrow, the buyer pays the seller in INR outside the platform, and escrow releases the crypto once the seller confirms. The platform does not set the price.
Filter ads by asset and payment method, then compare the price against the live reference, the order limits, the payment window and the trader's completion record and ratings before opening an order.
Check that it uses escrow, requires KYC from traders, offers in-order chat and a dispute process, publishes its fees, and explains how to avoid bank-account problems such as third-party payments.
The payment method decides how fast INR arrives, how easy it is to verify, and which ads you can use. CoinYatra P2P ads accept UPI and bank transfer; always pay from an account in your own name.
P2P orders are in INR, currently from ₹500 up to ₹25,00,000 (₹25 lakh) per order, and each ad can set narrower limits of its own. The current P2P fee is shown on the Fees page and in the order before you confirm.
Yes. Once a trade is completed, payment, release, cancel and dispute actions close, but the buyer and seller can keep messaging each other in the same trade chat. Chat on cancelled or expired trades stays view-only.
P2P trades crypto for INR directly with another person, using escrow. Spot trading matches your order against an order book of crypto-to-crypto pairs such as BTC/USDT at market prices.
Ethereum
It works like other P2P trades: the ETH seller's coins are held in escrow, the buyer pays in INR by UPI or bank transfer, and the ETH is released once the seller confirms. ETH is one of the assets on CoinYatra's P2P marketplace.
Yes. Choose an ETH sell ad on the P2P marketplace, pay the seller in INR, and receive ETH in your CoinYatra balance after release. You can also swap other balances into ETH.
USDT tracks the US dollar, so its INR price changes slowly. ETH is volatile, so its INR price can move during the payment window, ads are priced per ETH rather than per dollar, and network fees for moving ETH are usually higher.
Crypto Exchanges
Look at INR payment options, KYC and security controls such as 2FA, published fees and limits, supported assets, withdrawal handling, customer support and how clearly risks are disclosed.
Many do, in different ways. CoinYatra currently supports INR through P2P trading between verified users; direct INR Buy/Sell with CoinYatra is planned from 1 April 2027.
Fees compound over many trades. Compare trading fees, P2P fees, withdrawal and network fees together, and check that they are published before you sign up.
Swap
Swap quotes are not fixed. They use current, validated market reference prices, and the quote refreshes while you review it. The rate, the applicable fee and spread, and the amount you will receive are shown before you confirm; if the price moves too far, you are asked to confirm a fresh quote.
Trading & Fees
They are charges for using a platform: a percentage on executed trades, a fee on P2P orders, and a withdrawal fee that covers the blockchain network cost of sending crypto out.
A market order fills immediately at the best available price. A limit order waits until the market reaches the price you set, which gives you price control but no guarantee of filling.
Wallets & Security
Copy and paste the address rather than typing it, check the first and last characters, confirm the network matches on both sides, and send a small test amount first for a new address.
A hot wallet is connected to the internet and convenient for frequent use. A cold wallet keeps keys offline, which is slower to use but better protected from online attacks.
Use the exact address and network shown on your Deposit page, keep the transaction ID (TXID), and wait for the required network confirmations. Funds sent on the wrong network may be lost.
You enter a destination address and amount, confirm with 2FA where enabled, and the request may be reviewed before it is sent on-chain. A network fee is deducted and minimums apply per asset.
Crypto in India
Holding and trading crypto is not banned in India, but it is taxed and exchanges must follow anti-money-laundering rules. It is not legal tender, and the rules continue to change.
KYC confirms who you are. It helps exchanges meet anti-money-laundering obligations, reduces fraud in P2P trading, and protects your account if someone else tries to use it.
This FAQ is general information, not investment, legal or tax advice. Digital assets are volatile and you may lose the value of your holdings.