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BIO Protocol (BIO) takes a giant leap on Binance! 🚀 Starting January 3, 2025, BIO will be available across Simple Earn, Auto-Invest, Margin, Futures, and more. From flexible staking to 75x leveraged trading, how will BIO’s integration reshape the market? Share your thoughts below
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Binance Expands BIO Protocol (BIO) Across Earn, Margin, and Futures Trading PlatformsBIO Protocol (BIO) will be integrated into Binance Simple Earn, Buy Crypto, Convert, Margin Trading, Auto-Invest, and Futures trading.Launch dates span January 3 to January 6, 2025, providing users with diverse trading and earning opportunities.Launch Timeline & Details1. Binance Simple Earn:Launch Date: January 3, 2025, at 10:00 UTC.Details: Flexible products will be available for subscription, allowing users to earn returns on their BIO holdings.2. Binance Auto-Invest:Launch Date: January 6, 2025, at 10:00 UTC.Details: Users can set up automated BIO investments with supported payment options.3. Buy Crypto:Launch Time: Within one hour of BIO listing on Binance Spot.Details: Users can purchase BIO via VISA, MasterCard, Google Pay, Apple Pay, or with wallet balances.4. Binance Convert:Launch Time: Within one hour of BIO listing on Binance Spot.Details: Trade BIO against BTC, USDT, and other tokens with zero fees.5. Binance Margin:Launch Date: January 3, 2025, at 12:00 UTC.Details:BIO/USDT will be added as a borrowable pair on Cross and Isolated Margin.Margin loans available 30 minutes prior for VIP 7–9 users.6. Binance Futures:Launch Date: January 3, 2025, at 12:15 UTC.Details:BIO/USDT Perpetual Contract with up to 75x leverage.Funding Rate: +2.00% / -2.00%, settled every four hours.Trading Hours: 24/7.Key Trading Specifications:FeatureDetailsSettlement AssetUSDTMaximum Leverage75xFunding RateCapped at +2.00% / -2.00%Multi-Assets ModeSupported for margin flexibility

Binance Expands BIO Protocol (BIO) Across Earn, Margin, and Futures Trading Platforms

BIO Protocol (BIO) will be integrated into Binance Simple Earn, Buy Crypto, Convert, Margin Trading, Auto-Invest, and Futures trading.Launch dates span January 3 to January 6, 2025, providing users with diverse trading and earning opportunities.Launch Timeline & Details1. Binance Simple Earn:Launch Date: January 3, 2025, at 10:00 UTC.Details: Flexible products will be available for subscription, allowing users to earn returns on their BIO holdings.2. Binance Auto-Invest:Launch Date: January 6, 2025, at 10:00 UTC.Details: Users can set up automated BIO investments with supported payment options.3. Buy Crypto:Launch Time: Within one hour of BIO listing on Binance Spot.Details: Users can purchase BIO via VISA, MasterCard, Google Pay, Apple Pay, or with wallet balances.4. Binance Convert:Launch Time: Within one hour of BIO listing on Binance Spot.Details: Trade BIO against BTC, USDT, and other tokens with zero fees.5. Binance Margin:Launch Date: January 3, 2025, at 12:00 UTC.Details:BIO/USDT will be added as a borrowable pair on Cross and Isolated Margin.Margin loans available 30 minutes prior for VIP 7–9 users.6. Binance Futures:Launch Date: January 3, 2025, at 12:15 UTC.Details:BIO/USDT Perpetual Contract with up to 75x leverage.Funding Rate: +2.00% / -2.00%, settled every four hours.Trading Hours: 24/7.Key Trading Specifications:FeatureDetailsSettlement AssetUSDTMaximum Leverage75xFunding RateCapped at +2.00% / -2.00%Multi-Assets ModeSupported for margin flexibility
تحدي العملات الرقمية بقيمة 20 دولار: تحويل 20 دولار إلى 52 ألف دولار تحدي العملات الرقمية بقيمة 20 دولار هو نهج استراتيجي لتحويل المكاسب الصغيرة إلى أرباح ضخمة. إليك كيف يمكنك تحويل 20 دولار إلى 52 ألف دولار من خلال إتقان تحقيق مكاسب ثابتة بنسبة 30% عبر 30 مستوى. كيف تعمل الاستراتيجية 1. ابدأ صغيراً، وفكر كبيراً: ابدأ فقط بـ 20 دولار USDT في المستوى 1. 2. قفل المكاسب بنسبة 30%: المستوى 1: 20 دولار → 26 دولار المستوى 2: 26 دولار → 33.8 دولار كرر ذلك حتى المستوى 30. 3. فقدان مستوى، الرجوع للخلف: إذا فشل تداول، انتقل للرجوع مستوى واحد وأعد التقييم. قواعد إدارة المخاطر استخدم 23% من محفظتك في كل تداول. استهدف 30% ربح لكل مستوى. حافظ على نسبة 1.3:1 بين المكافأة والمخاطر. مفتاح النجاح احتمالية فوز عالية: قم بالتداول فقط مع احتمالية فوز 60% أو أكثر. الانضباط وأخذ المخاطر المحسوبة أمران حاسمان لتجميع المكاسب بفعالية. عند المستوى 30، ستنظر إلى أكثر من 40 ألف دولار USDT. حقق مكسباً آخر بنسبة 30%، وستصل إلى 52 ألف دولار USDT! هذا التحدي يدور حول الاتساق والتركيب المحسوب. بينما نجح معي، تذكر: هذه ليست نصيحة مالية. قم ببحثك الخاص وتداول بمسؤولية! إخلاء المسؤولية: قد تختلف النتائج بناءً على ظروف السوق. #BinanceMegadropSolv #CryptoReboundStrategy #SUIHitsATH #BIOOpenonBinance #TrumpCryptoSupport
تحدي العملات الرقمية بقيمة 20 دولار: تحويل 20 دولار إلى 52 ألف دولار
تحدي العملات الرقمية بقيمة 20 دولار هو نهج استراتيجي لتحويل المكاسب الصغيرة إلى أرباح ضخمة. إليك كيف يمكنك تحويل 20 دولار إلى 52 ألف دولار من خلال إتقان تحقيق مكاسب ثابتة بنسبة 30% عبر 30 مستوى.
كيف تعمل الاستراتيجية
1. ابدأ صغيراً، وفكر كبيراً: ابدأ فقط بـ 20 دولار USDT في المستوى 1.
2. قفل المكاسب بنسبة 30%:
المستوى 1: 20 دولار → 26 دولار
المستوى 2: 26 دولار → 33.8 دولار
كرر ذلك حتى المستوى 30.
3. فقدان مستوى، الرجوع للخلف: إذا فشل تداول، انتقل للرجوع مستوى واحد وأعد التقييم.
قواعد إدارة المخاطر
استخدم 23% من محفظتك في كل تداول.
استهدف 30% ربح لكل مستوى.
حافظ على نسبة 1.3:1 بين المكافأة والمخاطر.
مفتاح النجاح
احتمالية فوز عالية: قم بالتداول فقط مع احتمالية فوز 60% أو أكثر.
الانضباط وأخذ المخاطر المحسوبة أمران حاسمان لتجميع المكاسب بفعالية.
عند المستوى 30، ستنظر إلى أكثر من 40 ألف دولار USDT. حقق مكسباً آخر بنسبة 30%، وستصل إلى 52 ألف دولار USDT!
هذا التحدي يدور حول الاتساق والتركيب المحسوب. بينما نجح معي، تذكر: هذه ليست نصيحة مالية. قم ببحثك الخاص وتداول بمسؤولية!
إخلاء المسؤولية: قد تختلف النتائج بناءً على ظروف السوق.
#BinanceMegadropSolv #CryptoReboundStrategy #SUIHitsATH #BIOOpenonBinance #TrumpCryptoSupport
#OnChainLendingSurge These are five Crypto Coins that Elon Musk Holds Elon Musk, the tech billionaire and richest man on earth and CEO of Tesla and SpaceX, has long been associated with cryptocurrencies. His tweets and public statements have moved markets, earning him the nickname "The Dogefather." But what crypto coins does Elon Musk hold, and why? Let’s dive into the details. 1. Bitcoin (BTC) Elon Musk first publicly embraced Bitcoin in 2021 when Tesla announced a $1.5 billion investment in the cryptocurrency. Although Tesla later sold most of its Bitcoin holdings, Musk has confirmed that he personally still owns Bitcoin. Why Bitcoin? Bitcoin is the king of crypto, with unparalleled market dominance. Musk views it as a store of value, akin to "digital gold." 2. Ethereum (ETH) Ethereum, the second-largest cryptocurrency by market cap, is also part of Musk’s portfolio. This was revealed during his appearance at "The ₿ Word" conference in 2021. Why Ethereum? Ethereum's smart contract capabilities make it the backbone of DeFi, NFTs, and many innovative blockchain applications. Musk sees it as a significant player in the crypto space. 3. Dogecoin (DOGE) Dogecoin is Musk's favorite cryptocurrency, and he’s made no secret of it. From calling Dogecoin "the people's crypto" to promoting its use for payments at Tesla and SpaceX, Musk’s support has been a game-changer for DOGE. Why Dogecoin? Musk appreciates its fun and meme-inspired origins but also believes in its potential as a medium of exchange due to its low transaction fees and active community. 4. Other Possible Holdings While Musk has confirmed his Bitcoin, Ethereum, and Dogecoin holdings, speculation abounds about other coins he might own or influence: Shiba Inu (SHIB): Although Musk has denied owning SHIB, his tweets about "Floki" and other dog-themed coins have caused significant market movements. Floki Inu (FLOKI): Named after Musk's Shiba Inu dog, Floki Inu has gained attention, although there’s no evidence of Musk holding it. #BIOOpenonBinance
#OnChainLendingSurge These are five Crypto Coins that Elon Musk Holds
Elon Musk, the tech billionaire and richest man on earth and CEO of Tesla and SpaceX, has long been associated with cryptocurrencies. His tweets and public statements have moved markets, earning him the nickname "The Dogefather." But what crypto coins does Elon Musk hold, and why? Let’s dive into the details.
1. Bitcoin (BTC)
Elon Musk first publicly embraced Bitcoin in 2021 when Tesla announced a $1.5 billion investment in the cryptocurrency. Although Tesla later sold most of its Bitcoin holdings, Musk has confirmed that he personally still owns Bitcoin.
Why Bitcoin?
Bitcoin is the king of crypto, with unparalleled market dominance. Musk views it as a store of value, akin to "digital gold."
2. Ethereum (ETH)
Ethereum, the second-largest cryptocurrency by market cap, is also part of Musk’s portfolio. This was revealed during his appearance at "The ₿ Word" conference in 2021.
Why Ethereum?
Ethereum's smart contract capabilities make it the backbone of DeFi, NFTs, and many innovative blockchain applications. Musk sees it as a significant player in the crypto space.
3. Dogecoin (DOGE)
Dogecoin is Musk's favorite cryptocurrency, and he’s made no secret of it. From calling Dogecoin "the people's crypto" to promoting its use for payments at Tesla and SpaceX, Musk’s support has been a game-changer for DOGE.
Why Dogecoin?
Musk appreciates its fun and meme-inspired origins but also believes in its potential as a medium of exchange due to its low transaction fees and active community.
4. Other Possible Holdings
While Musk has confirmed his Bitcoin, Ethereum, and Dogecoin holdings, speculation abounds about other coins he might own or influence:
Shiba Inu (SHIB): Although Musk has denied owning SHIB, his tweets about "Floki" and other dog-themed coins have caused significant market movements.
Floki Inu (FLOKI): Named after Musk's Shiba Inu dog, Floki Inu has gained attention, although there’s no evidence of Musk holding it.
#BIOOpenonBinance
#BIOOpenonBinance انا كنت فاكر العملات المشفرة اسهل من كدة
#BIOOpenonBinance انا كنت فاكر العملات المشفرة اسهل من كدة
🚀🚀Money Management 🚀🚀 The $20 Crypto Challenge: Flip $20 into $52K The $20 Crypto Challenge is a strategic approach to compound small gains into massive profits. Here's how you can turn $20 into $52K by mastering consistent 30% gains across 30 levels. How the Strategy Works 1. Start Small, Think Big: Begin with just $20 USDT at Level 1. 2. Lock in 30% Gains: Level 1: $20 → $26 Level 2: $26 → $33.8 Repeat this until Level 30. 3. Lose a Level, Drop Back: If a trade fails, move back one level and recalibrate. Risk Management Rules Use 23% of your wallet per trade. Aim for 30% profit per level. Maintain a 1.3 1 reward-to-risk ratio. The Key to Success High Win Probability: Only take trades with 60%+ win potential. Discipline and calculated risk-taking are critical for stacking gains effectively. By Level 30, you’re looking at over $40K USDT. Flip one more 30% gain, and you’re at $52K USDT! This challenge is all about consistency and calculated compounding. While it worked for me, remember: this is not financial advice. Do your own research and trade responsibly! Disclaimer: Results may vary based on market conditions. #BinanceMegadropSolv #CryptoReboundStrategy #SUIHitsATH #BIOOpenonBinance #TrumpCryptoSupport
🚀🚀Money Management 🚀🚀

The $20 Crypto Challenge: Flip $20 into $52K

The $20 Crypto Challenge is a strategic

approach to compound small gains into massive profits. Here's how you can turn $20

into $52K by mastering consistent 30% gains across 30 levels.

How the Strategy Works

1. Start Small, Think Big: Begin with just $20
USDT at Level 1.

2. Lock in 30% Gains:

Level 1: $20 → $26

Level 2: $26 → $33.8

Repeat this until Level 30.

3. Lose a Level, Drop Back: If a trade fails, move back one level and recalibrate.
Risk Management Rules

Use 23% of your wallet per trade.
Aim for 30% profit per level.

Maintain a 1.3

1 reward-to-risk ratio.
The Key to Success

High Win Probability: Only take trades with 60%+ win potential.

Discipline and calculated risk-taking are critical for stacking gains effectively.

By Level 30, you’re looking at over $40K USDT.

Flip one more 30% gain, and you’re at $52K USDT!

This challenge is all about consistency and calculated compounding. While it worked for me, remember: this is not financial advice. Do your own research and trade responsibly!

Disclaimer: Results may vary based on market conditions.

#BinanceMegadropSolv #CryptoReboundStrategy #SUIHitsATH #BIOOpenonBinance #TrumpCryptoSupport
$BTC BTC moves ups and down and we have seen a very big pump in this month, almost 30k+, last week btc makes every day ATH so we have seen very strong buying zone, but now btc moves towards downfall before hitting 99k, BTC reach 99500 some thing but never moves just 400 dollars more to hit 100k, 100k is psychological figure so many traders make long trade at this zone. But btc reverse back and liquidate many traders and this liquidation Still on. So maybe next target might be a selling rally for btc trders {future}(BTCUSDT) #CryptoReboundStrategy #BIOOpenonBinance #Binance250Million $ETH
$BTC BTC moves ups and down and we have seen a very big pump in this month, almost 30k+, last week btc makes every day ATH so we have seen very strong buying zone, but now btc moves towards downfall before hitting 99k, BTC reach 99500 some thing but never moves just 400 dollars more to hit 100k, 100k is psychological figure so many traders make long trade at this zone. But btc reverse back and liquidate many traders and this liquidation Still on.
So maybe next target might be a selling rally for btc trders
#CryptoReboundStrategy #BIOOpenonBinance #Binance250Million $ETH
Based on the chart for $BTC /USD: Trade Signal: Buy Signal: If the price breaks above 98,193 with strong volume, indicating bullish momentum. Sell Signal: If the price drops below 94,000, confirming a bearish reversal. Tips: Use Stop Loss: Place it slightly below support or above resistance to manage risk. Watch Volume: High volume confirms the strength of price movements. Check RSI: Ensure overbought/oversold conditions before entering trades. Set Targets: Aim for realistic profit levels based on recent highs/lows. #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #USJoblessClaimsDrop
Based on the chart for $BTC /USD:

Trade Signal:
Buy Signal: If the price breaks above 98,193 with strong volume, indicating bullish momentum.
Sell Signal: If the price drops below 94,000, confirming a bearish reversal.
Tips:
Use Stop Loss: Place it slightly below support or above resistance to manage risk.
Watch Volume: High volume confirms the strength of price movements.
Check RSI: Ensure overbought/oversold conditions before entering trades.
Set Targets: Aim for realistic profit levels based on recent highs/lows.
#BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #USJoblessClaimsDrop
--
Бичи
Certainly! Here's a detailed post about the liquidation event you mentioned: $SOL Long Liquidation: $5,429 at $217.16 The cryptocurrency market continues to be a whirlwind of high volatility, with Solana (SOL) making waves yet again. In a notable event, a long position worth $5,429 was liquidated at $217.16, capturing the attention of traders and analysts alike. This liquidation indicates that the market moved against a trader who was betting on $SOL 's price to rise. Once SOL's price dropped to $217.16, the position hit its liquidation threshold, forcing the closure of the trade to prevent further losses for the lender. Key Details: Asset: Solana (SOL) Type: Long Position Liquidation Value: $5,429 Price Level: $217.16 Market Implications 1. High Volatility: Liquidations of this size hint at significant price swings in SOL, reminding traders of the risks involved in leveraging positions. 2. Leveraged Trading Risk: Leveraged positions $SOL {spot}(SOLUSDT) #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #USStateBuysBTC #USStateBuysBTC
Certainly! Here's a detailed post about the liquidation event you mentioned:

$SOL Long Liquidation: $5,429 at $217.16

The cryptocurrency market continues to be a whirlwind of high volatility, with Solana (SOL) making waves yet again.

In a notable event, a long position worth $5,429 was liquidated at $217.16, capturing the attention of traders and analysts alike.

This liquidation indicates that the market moved against a trader who was betting on $SOL 's price to rise.

Once SOL's price dropped to $217.16, the position hit its liquidation threshold, forcing the closure of the trade to prevent further losses for the lender.

Key Details:

Asset: Solana (SOL)

Type: Long Position

Liquidation Value: $5,429

Price Level: $217.16

Market Implications

1. High Volatility:
Liquidations of this size hint at significant price swings in SOL, reminding traders of the risks involved in leveraging positions.

2. Leveraged Trading Risk:
Leveraged positions

$SOL

#BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #USStateBuysBTC #USStateBuysBTC
$USUAL L/USDT Price Analysis: Bulls Pushing for Higher Levels $USUAL/USDT is displaying bullish momentum, currently trading at $1.0406 with a 4.25% gain over the past 24 hours. The price has moved from a low of $1.0100 to test a 24-hour high of $1.0550. Key Levels to Watch: Resistance: $1.0550 Support: $1.0200 Trade Setup: Entry Point: Around $1.0406 Targets: 1. $1.0600 (short-term) 2. $1.0800 (psychological level) 3. $1.1000 (extended rally) Risk Management: Stop-loss: $1.0200 A breakout above the $1.0550 resistance could open the door for further gains, pushing $USUAL toward the $1.0800 level. Rising volume and strong buying interest suggest the bullish trend could continue, offering higher targets in the coming sessions. $USUAL {spot}(USUALUSDT) #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #Binance250Million #Write2Earn!
$USUAL L/USDT Price Analysis: Bulls Pushing for Higher Levels

$USUAL /USDT is displaying bullish momentum, currently trading at $1.0406 with a 4.25% gain over the past 24 hours. The price has moved from a low of $1.0100 to test a 24-hour high of $1.0550.

Key Levels to Watch:

Resistance: $1.0550

Support: $1.0200

Trade Setup:

Entry Point: Around $1.0406

Targets:

1. $1.0600 (short-term)

2. $1.0800 (psychological level)

3. $1.1000 (extended rally)

Risk Management:

Stop-loss: $1.0200

A breakout above the $1.0550 resistance could open the door for further gains, pushing $USUAL toward the $1.0800 level. Rising volume and strong buying interest suggest the bullish trend could continue, offering higher targets in the coming sessions.

$USUAL
#BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #Binance250Million #Write2Earn!
To mint an NFT on Binance, follow these steps: Create a Binance Account: Sign up or log in. Set Up a Wallet: Connect a wallet like MetaMask or Trust Wallet. Go to Binance NFT Marketplace: Access the platform and click "Create." Upload Your Digital File: Choose the file (image, video, etc.) and fill in details like title and description. Set Pricing: Choose fixed price or auction, then decide the supply (single edition or multiple). Pay Minting Fee: Pay a small minting fee, typically in BNB. Mint the NFT: Finalize the creation process, and your NFT is live. Benefits include low fees, exposure to Binance's large user base, and an easy process. #USStateBuysBTC #BIOOpenonBinance #USJoblessClaimsDrop #Binance250Million
To mint an NFT on Binance, follow these steps:

Create a Binance Account: Sign up or log in.

Set Up a Wallet: Connect a wallet like MetaMask or Trust Wallet.

Go to Binance NFT Marketplace: Access the platform and click "Create."

Upload Your Digital File: Choose the file (image, video, etc.) and fill in details like title and description.

Set Pricing: Choose fixed price or auction, then decide the supply (single edition or multiple).

Pay Minting Fee: Pay a small minting fee, typically in BNB.

Mint the NFT: Finalize the creation process, and your NFT is live.

Benefits include low fees, exposure to Binance's large user base, and an easy process.
#USStateBuysBTC #BIOOpenonBinance #USJoblessClaimsDrop #Binance250Million
$THE /USDT Analysis: Bullish Momentum Testing Key Resistance Levels Current Price: $1.5666 24H Change: +2.87% $THE/USDT is trading at $1.5666, showing steady bullish momentum as it approaches critical resistance levels. Rising volume and positive sentiment suggest the potential for further gains if buyers maintain control. --- Key Levels to Watch Resistance: $1.5800 – Immediate resistance. A breakout above this level could signal further upward movement. $1.6200 – Secondary resistance, acting as a major hurdle for extended gains. Support: $1.5500 – Immediate support. Holding this level is essential to sustain the current uptrend. $1.5200 – Stronger support, providing a solid base in case of a pullback. --- $THE {future}(THEUSDT) $THE #BIOOnBinance #BIOOpenonBinance
$THE /USDT Analysis: Bullish Momentum Testing Key Resistance Levels
Current Price: $1.5666
24H Change: +2.87%
$THE /USDT is trading at $1.5666, showing steady bullish momentum as it approaches critical resistance levels. Rising volume and positive sentiment suggest the potential for further gains if buyers maintain control.
---
Key Levels to Watch
Resistance:
$1.5800 – Immediate resistance. A breakout above this level could signal further upward movement.
$1.6200 – Secondary resistance, acting as a major hurdle for extended gains.
Support:
$1.5500 – Immediate support. Holding this level is essential to sustain the current uptrend.
$1.5200 – Stronger support, providing a solid base in case of a pullback.
---
$THE
$THE #BIOOnBinance #BIOOpenonBinance
In India, the taxation on short-term capital gains (STCG) from Bitcoin (BTC) trading is subject to the following rules: Taxation on Short-Term Capital Gains (STCG) for BTC: STCG Rate: If you sell Bitcoin (BTC) within 36 months of acquiring it, the profit is considered short-term. The tax rate on such short-term capital gains is 30% (flat tax rate). No Deductions: There are no deductions or exemptions for short-term capital gains on cryptocurrency like there might be for other types of investments (such as long-term equity). You will pay the full 30% tax on the profits. Taxable Event: The sale of Bitcoin or conversion into another currency (fiat or crypto) is considered a taxable event. Example of STCG on BTC: Suppose you buy 1 BTC for ₹20,00,000 and sell it within 6 months for ₹30,00,000. Profit: ₹30,00,000 (selling price) - ₹20,00,000 (purchase price) = ₹10,00,000. The tax on this short-term gain will be 30% of ₹10,00,000 = ₹3,00,000. Key Points: 1% TDS (Tax Deducted at Source) applies on crypto transactions above ₹10,000 in a year. Any profit earned from Bitcoin trading must be disclosed in your income tax return (ITR). If you're actively trading Bitcoin, it might be considered business income, which is taxed as per the individual's income tax slab (which could be as high as 30%). It’s always advisable to consult a tax professional for more personalized advice, especially given that tax laws around cryptocurrencies are still evolving in India. #Binance250Million #BIOOpenonBinance #BIOOnBinance #USJoblessClaimsDrop $BTC
In India, the taxation on short-term capital gains (STCG) from Bitcoin (BTC) trading is subject to the following rules:

Taxation on Short-Term Capital Gains (STCG) for BTC:

STCG Rate: If you sell Bitcoin (BTC) within 36 months of acquiring it, the profit is considered short-term. The tax rate on such short-term capital gains is 30% (flat tax rate).

No Deductions: There are no deductions or exemptions for short-term capital gains on cryptocurrency like there might be for other types of investments (such as long-term equity). You will pay the full 30% tax on the profits.

Taxable Event: The sale of Bitcoin or conversion into another currency (fiat or crypto) is considered a taxable event.

Example of STCG on BTC:

Suppose you buy 1 BTC for ₹20,00,000 and sell it within 6 months for ₹30,00,000.

Profit: ₹30,00,000 (selling price) - ₹20,00,000 (purchase price) = ₹10,00,000.

The tax on this short-term gain will be 30% of ₹10,00,000 = ₹3,00,000.

Key Points:

1% TDS (Tax Deducted at Source) applies on crypto transactions above ₹10,000 in a year.

Any profit earned from Bitcoin trading must be disclosed in your income tax return (ITR).

If you're actively trading Bitcoin, it might be considered business income, which is taxed as per the individual's income tax slab (which could be as high as 30%).

It’s always advisable to consult a tax professional for more personalized advice, especially given that tax laws around cryptocurrencies are still evolving in India.
#Binance250Million #BIOOpenonBinance #BIOOnBinance #USJoblessClaimsDrop $BTC
ZOE DEV
--
$BIO listing Price is $1.4 that is amazing. I think it will go up $2 that in 2 hours. Now we need to wait price stalable and the buy $BIO
Here’s a quick look at today’s top assets making waves: 1. $BNB : $710.86 (+0.72%) Binance Coin shows steady growth, holding strong in the market. 2. $BTC : $98,226.23 (+1.48%) Bitcoin continues to rise, showing solid upward momentum. 3. $ETH : $3,580.93 (+3.70%) Ethereum leads with a strong rally, gaining over 3% today. The market is on fire—are you ready to make your move? Stay tuned for more updates on Binance! #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #USJoblessClaimsDrop #Write2Earn
Here’s a quick look at today’s top assets making waves:
1. $BNB : $710.86 (+0.72%)
Binance Coin shows steady growth, holding strong in the market.

2. $BTC : $98,226.23 (+1.48%)
Bitcoin continues to rise, showing solid upward momentum.

3. $ETH : $3,580.93 (+3.70%)
Ethereum leads with a strong rally, gaining over 3% today.

The market is on fire—are you ready to make your move? Stay tuned for more updates on Binance!
#BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #USJoblessClaimsDrop #Write2Earn
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