r/CryptoIndia

Any place where I can sell USDT and convert them to INR?
Any leads would be appreciated.

Back in 2009, Bitcoin had basically no monetary value.

The first exchange rate was set by New Liberty Standard. At that time, you could get around 1,309 BTC for just $1, which means 1 BTC was worth only about $0.00076.

Then came the famous Pizza Day in May 2010.

A developer spent 10,000 BTC to buy two pizzas worth about $41. That put Bitcoin at roughly $0.0041 per BTC. Looking back today, it's one of the craziest stories in crypto history.

If someone had bought just ₹100 (around $1.2) worth of Bitcoin in late 2009 and never touched it, that investment would be worth well over ₹1,300 crore at a $100,000 BTC price.

But I don't think people should expect those kinds of returns anymore.

A lot of people still believe Bitcoin can do another 1,000x or even 10,000x. Personally, I think that's close to impossible for a few reasons.

1. Market cap is already massive

When Bitcoin was tiny, it didn't take much money to move the price.

Today, at around $100k, Bitcoin's market cap is roughly $2 trillion. A 100x move from here would mean a $200 trillion market cap. That's bigger than gold, the US stock market, and a huge part of global wealth combined.

2. Every cycle has produced smaller returns

2011-2013: about 500x

2015-2017: about 100x

2018-2021: about 22x

2022-2025/26: roughly 6-7x

As Bitcoin gets bigger, explosive gains naturally become harder.

3. Institutions have changed the market

Early Bitcoin was mostly driven by retail traders.

Now we have BlackRock, Fidelity, and spot ETFs bringing in much deeper liquidity. That usually means smaller swings, both up and down.

4. Bitcoin has become a different asset

Years ago, Bitcoin felt like a high-risk experiment.

Today, many people see it more like digital gold or a long-term store of value than something that will make everyone 1,000x overnight.

I still think Bitcoin has room to grow.

I just think the days of turning a few dollars into life-changing wealth are probably behind us.

Curious how other people see it. Do you still think another 100x is realistic from 65k

I'm looking for some guidance regarding my tax situation.

Throughout most of 2025, I launched and traded memecoins and made a profit. Most of the launching/trading was done using third-party software, and I used a large number of wallets. Unfortunately, I no longer have access to all of those wallets, so I can't generate a complete transaction history.

Here's my situation:

• I originally purchased my crypto while I was living in Canada in 2025.
• I never bought crypto in India.
• I never traded on any Indian crypto exchange.
• I returned to India in May 2025 and went back to Canada in July 2026.
• I withdrew approximately USD 11,800 (converted to INR) through Mudrex. The withdrawal was in USDT, and TDS was deducted by Mudrex.

Now that the ITR filing deadline is here, I'm unsure what my options are.

My main questions are:

1. Am I still required to report these gains in my Indian ITR?
2. Since TDS was already deducted by Mudrex, what additional tax obligations might I have?
3. How should I handle this if I no longer have access to all of my wallets or complete transaction records?
4. Does the fact that I purchased the crypto in Canada (and not India) change anything?
5. Has anyone been in a similar situation, and what did you do?

I'm planning to consult a crypto CA, not really sure whom to reach out to ...

Thanks in advance!

Recently I got an payout form an trading prop firm named Blue Guardian . The payout amount was of 1000$ and received in the bank via RISE . I have taken the payment in INR and received it instantly after requesting in Rise
Rise has sent me payment through YesBank my bank statement shows TRANSFERTO MOBILE FINANCIAL SERVICES LTD-YESB sent me the payment
Now i want the IFRC how should i get that when I mailed to the HDFC bank with the message shown in my Net Banking they told me that I am supposed to give them " details Like Transaction reference No., Swift advice for the said transaction which got credited to yes bank then transferred to HDFC bank . "
what should i do now pls someone tell me

Is it safe to cash out Crypto to INR on Coinbase right now, since they have direct to bank account available now? No more P2P on exchange!

I was long on Bitcoin and entered the trade before going to sleep because I had full conviction in my setup.

My planned stop loss was around ₹2,500, but I had around ₹9,000 of margin in that position. So if my stop loss worked, I'd lose about ₹2,500. If I got liquidated, I'd lose almost the entire margin.

That night Bitcoin printed one huge red candle. It went straight through my stop loss level, but somehow my position didn't close. The same candle kept dropping until it came within about 80 points of my liquidation price.

If price had moved just those extra 80 points, I would've lost around ₹9,000 instead of ₹2,500.

My stop loss was 2.5% but if that trade had been liquidated then I would have lost 9% of my capital.

I still don't know exactly why my stop loss didn't execute. Back then I was using Delta Exchange, so maybe it was something on the exchange side. I'm not sure.

I don't use Delta anymore, and I'm not trying to blame them. I just wanted to share this experience because it reminded me that even when you think your risk is fixed, execution can still surprise you.

I felt like posting something on Reddit and was not able to understand what I should post, then Ai told me to share some of my past experiences. That's why I have written this post.

Has anyone else experienced something similar?

I've been working with a crypto exchange as an ambassador, so putting that out there upfront.

They've got both an exchange and a card. Normally the card costs $10, but if you sign up through my code it's free, plus you get $5 just for completing KYC.

If anyone's interested, drop a comment or DM and I'll send it over.

Hello guy, I have been trading bitcoin for the last 2 years. But I am also doing a full time job. I am doing a full time job because I have no intention of creating my own YouTube channel to earn money as a side income, Because I am an introvert.

My plan isn't to become a billionaire with crypto. I just want to grow my trading capital by a few percent each month.

If you work a full-time job while trading, can you tell me how you manage your trading?

So i recently posted this and found out that perps trading is taxed at your normal slab rates. I'm not completely sure of this information so I need to know the experience of people who are actually doing it.

Does anyone here do perps trading on an FIU registered exchange like delta and coinbase ? Did you pay your taxes ? Please tell about your experience.

I have a portfolio of 60L in crypto earned through airdrops in the last bull run . I just completed btech and is currently unemployed . I don't know what to do in life and don't know if cashing out to inr is the best choice rn ?

is the best option to do f2f cash transaction and how safe is it . i am from kerala

i also have a plan to move abroad for masters

need advices and tips on how to cash out without paying the heavy tax too !

Currently i just buy gift cards through bitrefill and use it for my needs but it's not sufficient

In my 2 years in crypto, I've never actually been scammed. Not once. Closest I came was paying Onmeta for USDT and it not showing up in my wallet. Panicked a bit, figured this was it. Contacted their support and they sent it over pretty quick. Never felt like something shady was happening to me since.

So ask yourself honestly - has it already happened to you? Or is it happening right now and you just haven't realized it yet?

Because the real scam isn't some exchange being slow with a transaction. It's every account on social media telling you "join our group, we'll give you trading tips, you can make xx,xxx." These people are all lying. I've watched podcasts and read Reddit posts from people who joined groups like this. Been really bad for them. Same thing's running in memecoins now too.

People keep falling for it because everyone wants to get rich quick, so they follow the tips. End result is almost always a loss.

This market runs on red and green candles and that makes it way too easy to sell someone a dream. There's no shortcut here. You gotta learn this stuff yourself. Experience is the only thing that actually teaches you anything in this game.

Hello - I found a new gig it’s remote but my client wants to pay in USDT. Do I need to pay 30% flat VDA tax on the amount or can I still show it as consulting income and tax it like normal 44AD ITR ?

I know this is probably the wrong place to ask, and I completely understand if this post gets removed.

I'm a college student and also work as a medical representative. My income isn't very high, and I'm currently going through a serious financial crisis.

While traveling from my hometown back to college, I lost the money I was carrying. On top of that, I'm already struggling financially. I'm scared to tell my father because he's extremely strict, and I don't know what to do.

I'm reaching out to this community because it's one of the few communities I've been a part of for a long time. I'm not trying to pressure anyone or take advantage of anyone's kindness.

If anyone is willing to help with a donation, even a small amount, I would be sincerely grateful. If you'd like reasonable proof of my identity or situation before helping, I'm happy to provide it privately.

Even if you can't help financially, any advice or guidance would mean a lot.

Thank you for taking the time to read this.

It's 85000 which is for hostel and college

Hey guys I'm shifting to P2P in bisq , mostly i will be purchasing btc , most probably using UPI ,

can I get in legal trouble since I'm transferring money to unknown account and can my btc Wallet in which I receive btc linked to my identity and get in TAX trouble??

Amount purchase will be around 5k-8k so should I use wallet apps so my main bank account won't get freezed??

Any additional advice for p2p trades?

I specialize in high-security P2P USDT transactions designed to protect both parties from bank account freezes, liens, or fraudulent chargebacks. To ensure a safe, compliant environment for everyone, I follow a strict verification protocol for every trade.

Why trade with my protocol?

1)Bank Account Safety:

My process is specifically structured to minimize the risk of your bank account being flagged or frozen due to "tainted" third-party funds.

2)Mandatory KYC:

To prevent fraud, I perform thorough KYC verification for every trader I work with.

3)Secure CDM Transfers:

I have a verified workflow for Cash Deposit Machine (CDM) payments that ensures funds are fully cleared and available before any assets are released.

Note: I am in starting phase so please give me some advice