What is Cryptocurrency Trading in India?

Cryptocurrency trading in India involves buying and selling digital assets such as Bitcoin and Ethereum through cryptocurrency platforms. Unlike shares traded on Indian stock exchanges, cryptocurrencies are not shares of companies and do not represent ownership in a business. Their prices are highly volatile and determined by market demand and supply.

Additionally, India does not treat cryptocurrencies as legal tender. Gains arising from cryptocurrency trading are classified as “income from transfer of virtual digital assets (VDAs)” and a flat 30% tax is applicable, along with surcharge and cess.

Crypto Trading for Beginners in India

Crypto trading for beginners in India starts with the understanding of:

• Market orders
• Limit orders
• Position size
• Usage of leverage
• Volatility, and 
• Applicable taxes and regulations

Additionally, it is also important to choose a platform that supports the required digital assets and provides appropriate security features. Trade246 supports 50+ digital assets, including Bitcoin, Ethereum, Solana, XRP, Cardano, and Dogecoin, along with other market segments such as US stocks, Forex, commodities, and indices. 

Besides, we offer “bank-grade” security via 256-bit encryption, 2FA, and segregated client accounts. Register today and explore the platform.