INDIAN CUSTOMERS: CRYPTO V/S INR WITHDRAWALS / DEPOSITS

[Rahul Patil]

As a Indian customer, I use INR for deposits & withdrawals it is easy as compared to taxes on crypto in india (30% & I had paid the same in the last FY). Now there is a withdrawal fees of 10% on inr which was 15% for one day ( I was hit the most )Many a times i see in the chat people are complaining that even binance & other platforms have a rate difference & it is approx 15% what you pay and what you get and some says that there are other platforms other than the above mentioned where your transactions are not shown in your IT AIS, when I asked someone the name they said that it is not allowed in the chat ( I am in chat only once in a blue moon, not frequent ), so I am curious to know are there really some crypto platform where you can buy and sell crypto without any mentioning of the transactions in your IT AIS?? For eg: I buy ₹5000 crypto from binance, I will only get crypto worth ₹4200-4300 ( approx 15% here) after that all transactions are updated in your IT AIS, you can't offset your losses of one coin to another, secondly when the IT calculate your crypto transactions, much of them are taxable @ 30% . So need your suggestions whether to switch to crypto back if there are platforms who don't have that much difference and no updation in IT AIS or continue with INR withdrawal 10% withdrawal fees.

Edited April 11, 2025 by Rahul Patil

[ashvi]

I totally agree with you on this ...stake should reconsider withdrawal fee for vip user 

[Saki583]

Crypto is so so good in front of INR because of the withdrawal fees....that is so much in INR 10%

[Rahul Patil]

1 hour ago, Saki583 said:

Crypto is so so good in front of INR because of the withdrawal fees....that is so much in INR 10%

But what about the taxes, 30% taxes plus the difference of 15% that we get when Indians buy from binance to deposit in stake. You can read my post I have clearly mentioned everything 

[fabinhoshow]

Cassino never losssss

[Rahul Patil]

Request you to read my post topic carefully as your reply is irrelevant to the topic. Thanks