Share it on

Understanding the Difference Between Local and International Offramps for Indian Users 🇮🇳

Explore the benefits, fees, and regulations of converting cryptocurrency to fiat currency through local and international methods with Copperx Payout.

Tarun Mangukiya
Tarun Mangukiya
May 20 2024

In today's rapidly evolving crypto economy, converting cryptocurrency to fiat currency is a common need for many Indian users.

Copperx Payout offers global payouts for web3 businesses, enabling real-time crypto-to-fiat fund transfers to vendors, contractors, and employees in over 50 countries including India. It offers both Local and International Offramps for Indian users, providing flexibility and convenience in converting digital dollars to INR.

Each method comes with its own set of benefits, fees, and regulations. In this blog, we'll break down these options to help you understand which might be the best fit for your needs.

What is a Crypto Offramp?

Before diving into the specifics, let's clarify what a crypto offramp is. A crypto offramp is a service that allows you to convert your cryptocurrency into fiat currency (like INR or USD).

This is essential for users who want to spend their crypto assets in the real world or transfer funds to their bank accounts.

Local Offramp (Crypto to Fiat)

For Indian users, the Local Offramp method is a straightforward way to convert your crypto (USDC/USDT) to Indian Rupees (INR). Here's how it works:

  • Partner Collaboration: We collaborate with an FIU-India registered entity to facilitate the conversion. This ensures that the process complies with local regulations and provides a secure transaction.
  • Tax Compliance: Our partner automatically files a 1% Tax Deducted at Source (TDS) based on your KYC (Know Your Customer) information. This is in accordance with the Income Tax regulation, ensuring your transactions are tax-compliant.
  • Conversion Rate: You will receive approximately ~ ₹85.38 for every USDC/USDT. This rate is competitive and takes into account the fees and TDS.
  • Withdrawal Fee: For transactions less than ₹12,000, there is a 1% transaction fee and a 1% TDS by the partner.

Local Withdrawal Limits

  • Minimum Withdrawal: $10
  • Maximum Withdrawal: $5000 per transaction
  • Lifetime Volume Limit: $12,000 USD

If you need to withdraw more, you can increase these limits with Advance KYC. Contact us for more details.

International Remittance

For those looking to convert larger amounts or seeking a different route, International Remittance is an excellent option. Here's how it works:

  • Conversion Rate: After deducting fees, you'll receive approximately ₹82 per digital dollar. This rate is slightly lower than the local offramp due to the international transaction fees.
  • FIRC Certificate: You can request a Foreign Inward Remittance Certificate (FIRC) from your bank. This certificate provides proof of the international transfer and can be useful for various financial and legal purposes.

International Withdrawal Limits

  • Minimum Withdrawal: $10
  • Maximum Withdrawal: $5000 per transaction
  • Lifetime Volume Limit: $1,000,000 USD

Like with the local offramp, these limits can be increased with Advance KYC.

Comparing the Two Methods

Conversion Rates

  • Local Offramp: Approximately ~ ₹85.38 per digital dollar
  • International Remittance: Approximately ~ ₹82 per digital dollar


  • Local Offramp: 1% transaction fee for amounts less than ₹12,000
  • International Remittance: Higher due to international transaction fees

Volume Limits

  • Local Offramp: $12,000 USD lifetime limit
  • International Remittance: $1,000,000 USD lifetime limit

Which One Should You Choose?

Use Local Offramp if:

  • You need a higher conversion rate.
  • Your transactions are mostly within India.
  • You are comfortable with the ₹12,000 lifetime limit and 1% TDS.

Use International Remittance if:

  • You need to transfer larger amounts.
  • You prefer an international transaction despite the slightly lower conversion rate.
  • You require a Foreign Inward Remittance Certificate for proof of transfer.

Final Thoughts

Choosing between Local and International Offramps for your crypto conversions can be a key decision for optimizing your financial transactions.

Copperx Payout offers both options, ensuring flexibility and convenience for its users. Whether you're a business or an individual, understanding these offramps will help you make the best choice for your needs.

If you have any questions or need assistance with Advance KYC to increase your limits, feel free to contact us. Happy converting!

DM us on Telegram at or

Thank you for reading :)
Share it on
Tarun Mangukiya

Tarun Mangukiya

Co-founder, Copperx On a mission to simplify payments using blockchain. I love coding & building products.

Piers Technology Inc is a financial technology company, not a bank or a money services business. Certain services are provided by our licensed partners across the globe. By creating your account on Copperx, you agree to our terms and conditions, our partners' terms, to all applicable laws and regulations, and agree that you are responsible for compliance with any and all applicable local laws.