Suggest me some best cryptocurrency Websites?
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Has anyone investigated the top cryptocurrencies investing platforms , after the regulations issued by the Indian govt.
For an example, On 1% profit CoinDCX shows 30% TDS overall. But if you trade on margin, 10% of your capital is lost in trading commissions (TDS) on 10x leverage trade.
But on the other hand, trading on foreign platform, regular trading is allowed and its free form extra TDS concern.
So any recommendations for more options would be appreciated? -
The Indian government has put laws to regulate the trade of cryptocurrencies. Irrespective of the platform, you have to pay the TDS(Tax Deducted at Source) on every crypto gains
The government has introduced the Indian Crypto Regulations which includes mandatory registration with the Financial Intelligence Unit (FIU) for crypto exchanges.
It's important to consult a certified financial advisor to get a detailed knowledge of crypto legislation and platform choices, as they provide you a specific guidance according to your choices. -
Regulations around Indian crypto are still modifying. Some international platforms may not deduct the TDS, but domestic platforms will do. Before using any international platform consider the tax impacts as some additional taxes are involved.
For better trading and low TDS, you can consider platforms like WazirX, Zebpay, Kraken. These are some high security and user friendly platforms.
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hi
Thanks for your suggestions. I want to invest in cryptocurrencies so I want to know which cryptocurrency is the greatest one to buy at the moment?
I know that the best choice will rely on my personal financial goals and on my risk tolerance ability. I think it's critical to do research well, stay current on the market news. So suggest me some cryptocurrency to buy.
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