1. Why should I choose Flitpay to trade Cryptocurrency?
Flitpay is a popular cryptocurrency exchange in India with competitive trading fees and zero registration costs. It offers best-in-class security and features for free, like Spot and OTC Trading, Practice trading account, Crypto Earn, and Crypto Gift cards. On Flitpay, one can easily trade BTC and other cryptocurrencies in INR and USDT.
2. How Do I Convert BTC to USDT (Tether)?
Converting BTC to USDT through Flitpay is a simple step; if you have BTC in your Flitpay account, choose the USDT trading pair and place a sell order for the amount of BTC you want to convert to USDT. You will receive USDT in your Flitpay account as soon as the order is executed.
3. Is Bitcoin legal in India?
Yes, trading and investing in Bitcoin is legal in India. However, there have yet to be any regulations and laws introduced by the Government of India. But, imposing a 30% tax and 1%TDS signifies that you can freely trade Bitcoin and other cryptocurrencies.
4. How Can I Deposit INR to my Flitpay Account?
To deposit INR on Flitpay, sign in to your Flitpay account, and go to wallet > INR deposit. Choose the deposit type as per your amount and then send funds from your bank account to the mentioned Flitpay’s bank account details. You can also deposit through UPI.
5. How Can I Withdraw INR from my Flitpay Account?
To withdraw INR from Flitpay, sign in to your Flitpay account, and go to wallet > INR withdrawal. Transfer your INR funds smoothly and instantly to your verified bank account.
6. What minimum INR can I deposit on Flitpay?
You can deposit and trade on Flitpay for as low as INR100. If you are using a demo/practice trading account, the virtual balance will be credited by Flitpay in that case. However, you cannot withdraw the profit from your Practice Trading Account to your bank account.
7. How to deposit crypto on Flitpay?
Flitpay supports deposits and withdrawals of cryptocurrencies like Bitcoin (BTC), Ethereum(ETH), Tether (USDT), Tron (TRX), Ripple (XRP) and many more. To know more about the Deposit and Withdrawal process, refer to the detailed guide
8. Is Flitpay the safest crypto exchange in India?
Flitpay is the most secure, safe and transparent exchange in India. It keeps the majority of its user funds in offline wallets. However, it is always advised to keep your Flitpay account and password details safe and secure to avoid personal security threats.
9. What is OTC?
Over-the-Counter (OTC) or off-exchange trading is done directly between the parties without any supervision of an exchange. Long story short, it refers to the process of how securities are traded via a broker-dealer network as opposed on a centralized exchange.
10. How to buy Bitcoin on Flitpay?
You can by Bitcoin using Flitpay Cryptocurrency exchange by firstly depositing INR into your Flitpay account and from there you can purchase it.
11. Is Cryptocurrency taxable in India?
Every Indian crypto investor, whether using an Indian or an international exchange, is liable to pay cryptocurrency taxes as applicable by the Indian Government.
12. Which crypto exchange is best for crypto staking in India?
Higher interest earning, easy-to-use interface, and flexible plan offering make Flitpay the best and most opted crypto staking and reward platform in India. You can stake and earn yearly interest of up to 12% on top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Polygon (MATIC), Cardano (ADA) and a lot more.
13. What is Quick Buy/Sell?
Quick Buy/Sell is the OTC platform of Flitpay facilitating instant buying and selling of your favourite cryptocurrencies with minimum slippage and zero transaction fees.