Holding TUFT and ready to cash out? On Mudrex, you can sell TUFT 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 TUFT directly for INR, with no P2P risk and no separate off-ramp step.
Crypto sales in India are taxed at a flat 30% on gains, plus 1% TDS on the transaction.
Since TUFT is tied to TreasureFun, it’s worth reading what TUFT actually is if you haven’t already, so you understand what you’re holding before you decide when to sell.
How Do I Sell TUFT?
We provide a direct TUFT/INR market via the Mudrex off-ramp, so you can sell without a separate withdrawal step to another platform first.
Steps to sell TUFT:
Log in to your Mudrex account and open the off-ramp.
Go to Coins and select TUFT.
Click “Sell” and enter the TUFT amount.
Choose a market or limit order.
Confirm the transaction.
Withdraw INR to your linked bank account via UPI or NEFT.
What Fees Apply When Selling TUFT?
Selling TUFT typically includes a trading fee, which costs between 0.12% and 0.45% per order, with no additional fee for withdrawing the resulting INR.
Should I Use a Market or Limit Order to Sell TUFT?
Order type
Best for
Risk with TUFT specifically
Market order
Selling quickly at the current price
Can move the price if liquidity is thin at that moment
Limit order
Getting a specific price
May sit unfilled if the market doesn’t reach your price
You can choose either when selling. A market order is usually more reliable for smaller, time-sensitive sales, while a limit order makes more sense if you’re in no rush and want a specific price.
Why Is My TUFT Sell Order Pending?
A pending sell order usually comes down to one of a few things. The most common is a limit order priced above the live market rate, meaning there’s simply no buyer willing to match it yet. It can also happen if the market moves quickly between when you entered your order and when it was submitted, or if trading volume is thin at that particular moment.
Here’s how to troubleshoot it:
Check your limit price against the live rate. If it’s set noticeably above the current market price, lower it closer to that rate.
Switch to a market order if you want the sale to complete immediately rather than wait for your price.
Refresh and check current volume. If the market is unusually quiet, even a reasonably-priced limit order can take longer to fill than usual.
How Do I Withdraw Funds After Selling TUFT?
You can withdraw your TUFT sale proceeds to your bank account. This happens through the off-ramp using UPI or NEFT, with transfers generally processed within minutes.
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 TUFT comes down to a few taps: select the amount, choose your order type, confirm, and withdraw. The parts worth double-checking are order type, since thin trading moments can affect fills, and taxes, since every sale is a taxable event in India regardless of profit size.
You can sell TUFT in India via crypto platforms like Mudrex. Selling TUFT generally means going to Coins, selecting TUFT, clicking “Sell,” entering your amount, and confirming, after which the INR lands directly in your account balance.
Where can I sell TUFT?
You can sell TUFT via crypto platforms like Mudrex, which settles the sale directly to INR. This means Indian users don’t need to route through USDT or a separate exchange first.
Can I sell TUFT for INR?
Yes, you can sell TUFT for INR via crypto platforms like Mudrex. The sale converts at the live market rate, and the proceeds can be withdrawn straight to your bank account.
Can I convert TUFT to USDT?
Yes, you can convert TUFT to USDT via crypto platforms like Mudrex, though it’s not a required step. After selling, you will receive the equivalent INR in your funds, which can then be used to buy USDT.
Should I use a market or limit order to sell TUFT?
You can choose either when selling. Market orders are more reliable for quick, smaller sales, while limit orders may sit unfilled if the market is thin when you place them.
Why is my TUFT sell order pending?
This usually means there’s no buyer currently matching your price, most common with limit orders set above the live market rate.
Disclaimer: TUFT is a high-risk token tied to a platform, TreasureFun, whose predecessor has faced documented scam and Ponzi-scheme allegations from multiple independent sources. 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; consult a qualified CA for your specific situation.
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.
