Crypto trading in India is legal but heavily taxed and lightly regulated. There is no dedicated crypto market regulator, though exchanges serving Indian users must register with the Financial Intelligence Unit (FIU-IND) under anti-money-laundering rules. Both domestic exchanges and registered international platforms operate, and users should confirm an exchange holds a valid FIU-IND registration before depositing.
Is crypto trading legal in India?
Buying, selling and holding cryptocurrency is legal in India. Crypto is not legal tender, and platforms serving Indian users are expected to register with the FIU-IND. Several offshore exchanges have completed this registration; always confirm status before depositing.
Tax on crypto in India
India applies a flat 30% tax on gains from virtual digital assets, plus a 1% tax deducted at source (TDS) on transfers above the threshold. Losses cannot be offset against other income. Keep detailed records and consult a tax professional.
Deposits and payments
Exchanges serving India commonly accept UPI, IMPS and local bank transfer, though banking access can vary. Confirm supported funding and withdrawal routes before opening an account.
India Crypto Trading — FAQ
Is crypto trading legal in India?
Yes. Buying, selling and holding crypto is legal, though it is not legal tender. Platforms serving Indian users should hold FIU-IND registration — verify before depositing.
Which exchanges accept Indian users?
Several FIU-IND-registered domestic and international exchanges accept clients from India and support UPI and local bank transfer. Check each exchange's registration on its page.
How is crypto taxed in India?
Gains are taxed at a flat 30%, with a 1% TDS on qualifying transfers and no loss offset. Maintain records and seek professional tax advice.