XRP to INR: Convert XRP to Indian Rupee

What Is XRP?

XRP is the native token of the XRP Ledger, a blockchain built specifically for cross-border payments and institutional settlement. Transactions settle in 3-5 seconds with fees below $0.01. Ripple Labs, the primary developer, has established partnerships with financial institutions across more than 55 countries for real-time international payments.

• Settlement time: 3-5 seconds
• Transaction fee: ~$0.0002
• Pre-mined supply: 100 billion XRP total
• Used by financial institutions for cross-border settlement
• XRP Ledger supports decentralized exchange and token issuance

XRP and the Indian Rupee (India)

India imposes a flat 30% tax on crypto gains with no deduction for losses. A 1% TDS (tax deducted at source) applies to all crypto transactions above threshold limits. The Reserve Bank of India has expressed concerns about crypto but it remains legal to buy, sell, and hold.

The XRP/INR exchange rate fluctuates based on global supply and demand across cryptocurrency exchanges. Major exchanges operating in India include both international platforms and local providers. When converting XRP to INR, consider exchange fees (typically 0.1%-1.5%), withdrawal fees, and any spread between the quoted rate and the actual execution price.

How to Convert XRP to INR

There are several ways to convert XRP to Indian Rupee:

1. Centralized exchange: create an account on an exchange available in India, deposit your XRP, sell for INR, and withdraw to your bank account
2. Peer-to-peer marketplace: sell directly to another person using a P2P platform that supports INR payment methods
3. Crypto debit card: spend your XRP directly using a crypto-linked card that automatically converts to INR at point of sale

Frequently Asked Questions

How much is 1 XRP in INR?

The current XRP to INR rate is shown in the converter above and updates every 60 seconds from live market data. Cryptocurrency prices fluctuate 24/7 across global exchanges, so the rate changes continuously.

How do I sell XRP for Indian Rupee?

The most common way is through a cryptocurrency exchange that supports INR withdrawals. Create an account, complete identity verification (KYC), deposit your XRP, sell it, and withdraw INR to your bank account. Processing times vary: some exchanges offer instant withdrawals, while bank transfers can take 1-3 business days.

What fees are involved in converting XRP to INR?

Typical fees include: exchange trading fees (0.1%-1.5% per trade), network transaction fees for depositing XRP (varies by blockchain and congestion), and withdrawal fees for sending INR to your bank. Comparing fee structures across exchanges before converting can save you a significant amount on larger conversions.

Is XRP legal in India?

India imposes a flat 30% tax on crypto gains with no deduction for losses. A 1% TDS (tax deducted at source) applies to all crypto transactions above threshold limits. The Reserve Bank of India has expressed concerns about crypto but it remains legal to buy, sell, and hold. Always consult local regulations and a tax professional for your specific situation, as crypto tax treatment and reporting requirements vary by jurisdiction.

How often does the exchange rate update?

The converter above fetches live rates from CoinGecko and Coinbase every 60 seconds. The actual rate you receive when converting will depend on the exchange or service you use, the size of your order, and current market liquidity. For large conversions, consider using limit orders to avoid slippage.

Related Converters

• XRP to US Dollar
• XRP to Euro
• XRP to British Pound