BTW to USDT: Bitway vs Tether in rupee terms
1 BTW =
1.8297 USDT
1 BTW = ₹173.13 · 1 USDT = ₹94.62 · 1 USDT = 0.54653 BTW
Snapshot 23 October 2026; updating to live…
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Over the 12 months to 23 Oct 2026, Bitway gained 17559.2% against USDT: the ratio went from 0.0098239 USDT to 1.7348 USDT per BTW. In rupees, BTW rose 18060.2% (from ₹0.903901 to ₹164.15) while USDT rose 2.8% (from ₹92.01 to ₹94.62). Because USDT tracks the US dollar, this ratio is close to Bitway's dollar price; the rupee quotes add the USD/INR rate.
The pair in numbers
- Highest ratio: 2.4337 USDT on 18 Oct 2026. Lowest: 0.0098239 USDT on 3 Mar 2026. Today's ratio is 28.7% below the high.
- Change against USDT: +93.3% over 30 days, +2494.7% over 90 days, +17559.2% over 12 months.
- ₹1 lakh put into BTW on 3 Mar 2026 would be worth about ₹1,81,60,175 now; the same in USDT, about ₹1,02,837 (before fees, spreads and tax).
- Daily moves: correlation -0.03 (they often move independently); a 1% move in USDT came with about -1.05% in BTW on average. Volatility about 291% a year for BTW and 7% for USDT.
- BTW gained against USDT on 126 of 234 days (54%).
Month-end ratio
| Month | USDT per BTW | Change | BTW (₹) | USDT (₹) |
|---|---|---|---|---|
| Oct 2026 (so far) | 1.7348 | +25.2% | ₹164.15 | ₹94.62 |
| Sept 2026 | 1.3855 | +245.9% | ₹133.04 | ₹96.02 |
| Aug 2026 | 0.40055 | +372.8% | ₹38.2 | ₹95.37 |
| Jul 2026 | 0.08471 | +67.9% | ₹8.1 | ₹95.62 |
| Jun 2026 | 0.050449 | +280.0% | ₹4.77 | ₹94.55 |
| May 2026 | 0.013276 | -30.5% | ₹1.26 | ₹94.91 |
| Apr 2026 | 0.019109 | -20.3% | ₹1.81 | ₹94.72 |
| Mar 2026 | 0.023978 | — | ₹2.24 | ₹93.42 |
How this ratio is worked out, and its limits
The ratio is Bitway's daily rupee close divided by Tether's on the same UTC day, both from CoinGecko's global INR averages (235 shared days). It is not a quote from any exchange's BTW/USDT order book: real pair quotes include spreads and fees, and Indian exchange prices can sit above or below the global average. Past ratios do not predict future ones. Full method: methodology.
Swapping BTW for USDT is a taxable transfer in India: Schedule VDA guide · tax calculator.
FAQ
How much is 1 BTW in USDT?
At the 23 October 2026 snapshot, 1 Bitway (BTW) was worth 1.8297 USDT, because 1 BTW cost ₹173.13 and 1 USDT cost ₹94.62. Put the other way, 1 USDT = 0.54653 BTW. The live ratio at the top of this page refreshes every 60 seconds.
Live now: — (refreshes every 60 seconds)
Did BTW beat USDT over the last year?
In rupee terms Bitway went up 18060.2% and Tether up 2.8% between 3 Mar 2026 and 23 Oct 2026, so BTW gained 17559.2% against USDT (daily closes, UTC). ₹1 lakh in BTW would have become about ₹1,81,60,175; in USDT, about ₹1,02,837.
Is swapping BTW for USDT taxed in India?
Yes. A crypto-to-crypto swap is a transfer of a virtual digital asset, so any gain on the BTW you give up, valued in rupees at the time of the swap, is taxed at 30% plus 4% cess, losses cannot be set off, and 1% TDS can apply to the transfer. Keep the INR value of both legs for your Schedule VDA.
Can I trade BTW directly against USDT in India?
It depends on the exchange. This page does not check listings. If your exchange has no direct BTW/USDT market you would go through INR or USDT, which means two trades, two sets of fees and two taxable transfers.