The best tax-free international exchange for Indian crypto buyers that can help you trade digital money without worrying about taxes that much! Our Crypto Tai has added 1% TDS + 30% fixed taxes on all our crypto profits. Here are some crypto exchanges that you can use to buy cryptocurrencies without worrying about taxes.
What is a Crypto Exchange for India?
A crypto exchange is like a big online store where you can buy, sell, and trade digital money called cryptocurrencies, like Bitcoin or Ethereum. Just like you would buy toys or games online, you can use a crypto exchange to get your favorite digital coins.
Why is it Important for Indian Buyers?
If you live in India and want to buy cryptocurrencies, you need to know about taxes. Usually, when you make money (or profit) from trading, you have to pay taxes on it. But some non-compliant crypto exchanges allow you to trade without paying taxes, making it easier to keep more of your money.
Of course, in future they will adapt and become compliant to crypto regulations to India like Kucoin and Binance, but as of now these are free ones, so no Taxes on buying crypto in India 🙂
Here is a step by step guide on how you are being taxed if you buy crypto from Indian exchanges
What are Tax-Free International Exchanges?
Tax-free international exchanges are online platforms where you can trade cryptocurrencies without having to pay taxes on your profits. Currently, this exchanges are not compliant, while other exchanges like Binance, Kucoin has already adapted the Indian Crypto regulations and will be sharing the data to the Government of India. If you are trading on any of the these exchange you will be paying taxes already.
Even though, we are telling how you can save your taxes, it is essential to follow the rules and regulations of your country. Here are a few popular exchanges that Indian buyers often use that currently don’t share your data with Government of India and are secure:
1. Bitget Exchange – India Tax Free Exchange
- What It Is: One of the biggest crypto exchanges in the world.
- Why It’s Good:
- Offers a wide variety of cryptocurrencies with futures
- Low trading fees (the cost you pay to buy or sell coins).
- It has a user-friendly app, making it easy for beginners.
- How to Use:
- Create an account on the Bitget website.
- Verify your identity (you may need to show some documents).
- Can use Debit/Credit/Bank Account to buy crypto in India with INR without paying taxes.
2. Gate Exchange
- What It Is: Another popular exchange with many cryptocurrencies available.
- Why It’s Good:
- Offers unique trading features like futures and margin trading.
- Has a friendly community and support for new users.
- Those who join Crypto Airdrop and IDOs should join this exchange
- How to Use:
- Sign up on the Gate website.
- Complete the verification process.
- Deposit funds and start trading different coins!
3. MEXC
- What It Is: A great platform for trading cryptocurrencies, especially for those interested in derivatives (a type of contract based on the value of an asset).
- Why It’s Good:
- Low trading fees.
- Provides tools for advanced traders, but is also easy for beginners.
- How to Use:
- Register on the MEXC website.
- Go through the verification steps.
- Deposit and start trading with P2P and can pay with Debit/Credit Card.
4. LBank
- What It Is: A well-known crypto exchange that is beginner-friendly and no KYC needed for Indians.
- Why It’s Good:
- Simple interface, making it easy to understand.
- Offers educational resources to learn about cryptocurrencies.
- How to Use:
- Create an account on LBank.
- No need to verify identity.
- Add money to your account and start buying cryptocurrencies!
Important Things to Remember
- Check the Rules: Always check the rules and laws about trading cryptocurrencies in India. Even if an exchange says it’s tax-free, you still need to understand your country’s regulations.
- Security: Make sure you choose exchanges that keep your money safe. Look for reviews and see if they have good security measures in place. The above exchanges are safe, reliable and has reserve of proofs.
- Support: If you are new to trading, choose an exchange that has good customer support. This way, if you have questions or problems, you can get help easily. We have kept this in mind and these are the exactly what you are looking for.
- Fees: Besides taxes, exchanges may charge fees for trades. Always check what fees you might have to pay to avoid surprises.
Conclusion
Using a tax-free international exchange can make buying and trading cryptocurrencies easier for Indian buyers. Exchanges like Bitget, Gate, MEXC, and LBank are great options to explore. Just remember to follow the rules, keep your money safe, and always ask questions if you are unsure about anything. Happy trading!
