Crypto currency
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Which one is good platform to trade in India..
Any person who would like to share his/her experience....
What you think about crypto for long term let's say 5-8 years ...
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30% tax in India on profits, no set-off allowed.
So, I suggest it is better to avoid crypto trading unless some relaxations are offered by govt.
Presently, our central bank believes crypto trading is Sin.
considering your question, Binance was a good platform till now, suspended by government till some guidelines are met with, . So, Wait for it to come back.
other options are WazirX,coindcx
i use coinswitch app for crypto
Wazirx, CoinDCX, Coinswitch good in India
5- 8 years outlook may not work so much in crypto - A narrative or tech in 2023-24 may be superseded by the end of 2025 and your investment as of todays date may just remain flat post that [ Except ETH BTC and some large cap of top 10 Market cap coins or other good coins ]
Investing in BTC & ETH is safe as compared to other coins if you don't know much about this ecosystem
Get in bear market - forget you have bought - sell in bull market - repeat - is what data/chart would also suggests if you look at glance for past 6-10 years
A coin at 50$ in 2021 when BTC was 69K$ can get plummeted to 1-5$ during bear market and may never rise to 50$ even if BTC goes past 69k$ in future - if better things have been built and available in this time - hence 5-10 year outlook may not work
If you don't file, the Department already knows about your transactions (coz of TDS) and will send you a notice
Wazirx, CoinDCX, Coinswitch good in India
5- 8 years outlook may not work so much in crypto - A narrative or tech in 2023-24 may be superseded by the end of 2025 and your investment as of todays date may just remain flat post that [ Except ETH BTC and some large cap of top 10 Market cap coins or other good coins ]
Investing in BTC & ETH is safe as compared to other coins if you don't know much about this ecosystem
Get in bear market - forget you have bought - sell in bull market - repeat - is what data/chart would also suggests if you look at glance for past 6-10 years
A coin at 50$ in 2021 when BTC was 69K$ can get plummeted to 1-5$ during bear market and may never rise to 50$ even if BTC goes past 69k$ in future - if better things have been built and available in this time - hence 5-10 year outlook may not work