Crypto Trading in India: Rules, Risks, and Real Platforms

When you trade crypto trading in India, the practice of buying, selling, or holding digital assets like Bitcoin and Ethereum within India’s legal and tax framework. Also known as digital asset trading in India, it’s grown from a fringe activity to a mainstream financial choice for millions—despite years of regulatory uncertainty. Unlike in some countries, crypto isn’t banned here, but it’s not treated as legal tender either. The Reserve Bank of India once tried to shut it down, but the Supreme Court overturned that ban in 2020. Since then, the government has shifted from blocking to controlling—demanding taxes, licensing, and transparency.

That’s why knowing the difference between a real exchange and a fake one matters more than ever. Platforms like crypto exchanges India, regulated platforms where Indian users can trade Bitcoin, Ethereum, and other tokens using INR. Also known as Indian crypto trading platforms, they must follow KYC rules and report transactions to financial authorities. But scams still flood social media with fake apps named after real exchanges—like Zappy or FTX Turkey—that promise fast profits but vanish with your money. And while some users think they can avoid taxes, the Income Tax Department now tracks wallet addresses and demands reporting on every trade, even small ones. crypto taxes India, the legal requirement to pay capital gains tax on profits from selling crypto assets in India. Also known as cryptocurrency taxation India, it applies at 30% on gains, with no deductions allowed for losses. That’s harsher than stocks, and many traders don’t realize they’re already liable—even if they never cashed out to rupees.

Meanwhile, the rules keep changing. The government is pushing for a central bank digital currency, while also cracking down on anonymous DeFi platforms and cross-chain bridges that bypass reporting. You’ll find posts here that expose fake exchanges, break down how tax reporting actually works, and warn about scams hiding behind names like "SXP airdrop" or "Multigame NFT rewards." Some projects claim to be Indian, but their teams are offshore. Others pretend to be compliant but don’t have proper licenses. The truth is, if a platform doesn’t ask for your ID, it’s not safe. And if someone promises guaranteed returns, they’re lying.

What you’ll find below isn’t theory. It’s real cases: how a user lost savings on FTX Turkey, why Juicebox collapsed, how OFAC sanctions affect Indian traders holding tainted tokens, and what to do when an airdrop turns out to be a phishing trap. These aren’t hypotheticals—they’re lessons from people who got burned. Whether you’re new to crypto or you’ve been trading for years, this collection cuts through the noise. No fluff. No hype. Just what you need to trade safely, legally, and smartly in India right now.