Holding MSVP and ready to cash out? On Mudrex, you can sell MSVP directly for INR and withdraw straight to your bank account; no extra conversion step needed. This guide covers the exact steps, the fees, and why your sell order might not be filling.
Key Takeaways
Mudrex lets you sell MSVP directly for INR.
MSVP’s low trading volume, often under $10,000 a day, means large sell orders can move the price against you.
Crypto sales in India are taxed at a flat 30% on gains, plus 1% TDS on the transaction.
How Do I Sell MSVP?
Mudrex provides a direct MSVP/INR market via the Mudrex off-ramp, so you can sell without a separate withdrawal step to another platform first.
Once your sell order fills, INR lands in your Mudrex balance immediately, ready to withdraw.
Steps to sell MSVP on Mudrex:
Log in to your Mudrex account and open the off-ramp.
Go to Coins and select MSVP.
Click “Sell” and enter the MSVP amount.
Choose a market or limit order.
Confirm the transaction.
Withdraw INR to your linked bank account via UPI or NEFT.
Can I Sell MSVP for INR?
Yes. Mudrex converts MSVP to INR directly and lets you withdraw to your bank account. You can check the live sell rate anytime on the MSVP to INR converter before placing your order.
Can I Convert MSVP to USDT?
Mudrex lets you sell MSVP directly to INR, skipping USDT as a middle step entirely. This saves you a conversion and its associated fee compared to routing through USDT first.
What Fees Apply When Selling MSVP?
Mudrex charges a trading fee of 0.12% to 0.45% per sell order, the same range as buying. There is no separate fee for withdrawing INR to your bank account, and no hidden lien on your funds.
Should I Use a Market or Limit Order to Sell MSVP?
Order type
Best for
Risk with MSVP specifically
Market order
Selling quickly at the current price
Thin liquidity can cause slippage on larger orders
Limit order
Getting a specific price
May sit unfilled for a long time, since daily volume is low
Given MSVP’s thin trading volume, a market order is usually more reliable for smaller amounts, while a limit order makes more sense if you are in no rush and want a specific price.
Why Is My MSVP Sell Order Pending?
This usually comes down to liquidity. MSVP’s 24-hour trading volume is often under $10,000, which is small enough that a limit order priced above the current market may simply have no buyer to match against yet. If this happens, try lowering your limit price closer to the current market rate, or switch to a market order for an instant fill.
How Do I Withdraw Funds After Selling MSVP?
Once your MSVP sells and INR lands in your Mudrex balance, you can transfer it to your bank account. Withdrawals are typically processed within minutes, though timing can vary slightly by bank.
Keep in mind that crypto gains in India are taxed at a flat 30%, with 1% TDS deducted on the transaction itself. This is general information about existing tax law, not personal tax advice; for guidance on your specific situation, see Mudrex’s crypto tax guide or consult a qualified CA.
Conclusion
Selling MSVP on Mudrex comes down to a few taps: select the amount, choose your order type, confirm, and withdraw. The parts worth double-checking are liquidity, since MSVP trades thin, and taxes, since every sale is a taxable event in India regardless of profit size.
Log in to Mudrex, go to Coins and select MSVP, click “Sell,” enter the amount, choose a market or limit order, confirm, then withdraw the INR to your bank account.
Where can I sell MSVP?
You can sell MSVP directly on Mudrex for INR.
Can I sell MSVP for INR?
Yes, Mudrex converts MSVP directly to INR and lets you withdraw to your bank account.
Can I convert MSVP to USDT?
Mudrex lets you sell MSVP straight to INR. You can then use this to buy USDT.
What fees apply when selling MSVP?
Mudrex charges 0.12% to 0.45% per sell order, with no separate withdrawal fee.
Should I use a market or limit order to sell MSVP?
Market orders are more reliable for quick, smaller sales given MSVP’s thin volume. Limit orders may sit unfilled for a while.
Why is my MSVP sell order pending?
Low daily trading volume means there may not be a matching buyer at your price yet, especially for limit orders above the market rate.
Disclaimer: MSVP is a highly volatile, thinly traded cryptocurrency. This article is for educational purposes only and is not financial or tax advice. Crypto sales in India are subject to a flat 30% tax plus 1% TDS regardless of profit size.
Siri is a writer venturing into the exciting realms of blockchain technology, cryptocurrency, and decentralized finance (DeFi), eager to explore the transformative potential of these innovations. She brings a unique perspective that bridges traditional industries and cutting-edge technology, often infused with a touch of humor through memes. She has a rich background in real estate and interior design, having previously contributed to NoBroker, where she crafted blogs and assets on these topics.
