Guide to Selling USDT to INR via SunCrypto

Converting your digital assets back into traditional currency is a crucial step for every crypto investor. If you hold Tether (USDT)—one of the world’s most popular stablecoins—on the SunCrypto exchange and wish to convert it into Indian Rupees (INR) and withdraw it to your bank account, this guide will walk you through the entire process.

Table of Contents

USDT to INR

The process involves two main phases: selling your USDT for INR and then withdrawing the INR to your bank account.

Phase 1: Preparation—Ensuring Your Account is Ready

Before initiating the sale and withdrawal, you must ensure your SunCrypto account is fully set up for INR transactions.

Complete KYC Verification:
- This is mandatory for trading and withdrawing INR. Ensure your identity and address verification (KYC) is approved.
Add/Verify Bank Account:
- You must have your bank account details (account holder name, account number, and IFSC code) correctly added and verified on the SunCrypto platform. The INR withdrawal will only be processed to this registered account.
Check USDT Balance:
- Confirm that the USDT you intend to sell is visible in your SunCrypto wallet/portfolio.

Phase 2: Selling USDT for INR

This is the trading part where you convert your stablecoin into your local currency balance on the exchange.

Step 1: Navigate to the Trade Section

Open the SunCrypto mobile application or website.
Go to the “Exchange” or “Trade” section.

Step 2: Find the USDT Trading Pair

Search for the trading pair USDT/INR.
Select the pair to open the trading interface for USDT against the Indian Rupee.

Step 3: Place a Sell Order

You will typically have two main order types for a simple sale:

Order Type	Description
Market Order	The simplest option. You sell your desired amount of USDT instantly at the best available market price. This is quick and ensures immediate conversion to INR.
Limit Order	You set a specific, desired selling price (e.g., ₹90 per USDT). The order is only executed if and when the market price reaches your set limit. This gives you more control but may take time.

Select the “Sell” tab.
Enter Amount: Input the quantity of USDT you wish to sell (or use the percentage buttons like 25%, 50%, 100% of your holdings).
Review Details: The system will show you the estimated amount of INR you will receive (after deducting any applicable trading fees and TDS).
Execute Trade: Confirm the sell order. Your USDT will be sold, and the corresponding INR amount will be credited instantly to your INR Wallet/Balance on SunCrypto.

Note on Taxes: As per current Indian tax laws, a 1% TDS (Tax Deducted at Source) is applicable on the sale value of crypto assets (including stablecoins like USDT). This amount is deducted by the exchange and deposited with the tax authorities. The final INR credited to your wallet will be the sell value minus the trading fee and the 1% TDS.

Phase 3: Withdrawing INR to Your Bank Account

Once the INR is credited to your SunCrypto wallet, you can withdraw it to your verified bank account.

Step 1: Go to the INR Withdrawal Section

From the main menu or portfolio screen, look for the “INR Deposit & Withdrawal” or “Wallet” section.
Select the “Withdrawal” option for INR.

Step 2: Enter Withdrawal Details

Select Bank Account: Choose your already added and verified bank account from the list.
Enter Amount: Enter the amount of INR you wish to withdraw. Ensure the amount is within the platform’s minimum and maximum withdrawal limits.

Step 3: Confirm Withdrawal

The platform may display the final amount you will receive and any applicable withdrawal charges. SunCrypto has previously offered zero fees on INR withdrawal, but always check the latest fee structure.
Authenticate: You will likely need to enter your withdrawal PIN or a One-Time Password (OTP) sent to your registered mobile number or email for security.
Confirm the withdrawal request.

Step 4: Wait for Credit

INR withdrawals are often processed quickly by the exchange. However, the time it takes to reflect in your bank account depends on the banking partner.
While many withdrawals are instant, they can take anywhere from a few hours up to 24 to 48 hours (or even 3-5 business days in rare cases) for the funds to be successfully credited to your personal bank account.

Key Considerations for Smooth Transaction

Consideration	Action/Tip
Market Slippage	When using a Market Order to sell a large volume of USDT, the final execution price might be slightly different from the price you saw. Use a Limit Order for large sales to ensure a guaranteed price.
INR Withdrawal Fees	Always check the latest fee schedule on the SunCrypto support page. While they have historically offered zero fees on INR withdrawal, this policy can change.
Tax Compliance	Be mindful of the 1% TDS and the 30% tax on gains as per Indian laws. Keep a record of your trades and consult a tax professional for accurate filing.

Disclaimer: Crypto products & NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.