I'm a regular crypto trader. Enthusiastic about sharing the information on crypto coins, meme coins and blockchain. Happy trading, Crypto to the future.
#Binance250MUsers : My Success Story & Tips for Beginners
When I started my crypto journey on Binance, I was skeptical and unsure of the market. My first trade was just $20 in Bitcoin, and I remember checking the app every few minutes, hoping for a profit. It wasn’t an overnight success, but with patience and consistent learning, I achieved my first big milestone—doubling my initial investment within three months.
Over time, I explored other features like Staking and Launchpool, which allowed me to earn passive income while holding my favorite tokens. One of my proudest achievements was participating in a new token launch and watching my investment grow 5x in just a week. Binance truly became more than just a platform; it became the foundation of my financial independence.
Tips for Beginners:
1️⃣ Start Small: Begin with an amount you can afford to lose. It's better to learn with smaller investments before scaling up.
2️⃣ Learn Daily: Use Binance Academy and follow expert traders to understand market trends and strategies.
3️⃣ Use Risk Management: Never invest more than 5% of your portfolio in high-risk assets, and always set stop-loss orders.
4️⃣ Explore Passive Income: Utilize features like Staking, Flexible Savings, and Dual Investment to grow your portfolio without active trading.
5️⃣ Stay Consistent: Success doesn’t happen overnight. Be patient and keep learning from your successes and mistakes.
If I can do it, so can you. Join the celebration with #Binance250MUsers and share your journey too!
what foreign platforms did they use. can you name few of those.
TheNewsCrypto
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India’s ₹6,000 Cr Crypto Tax Loss
India lost ₹6,000 crore in tax as crypto traders shifted to foreign platforms.
Offshore exchange activity by Indians rose 77% despite government restrictions.
Reducing TDS and amending tax laws could recover ₹9,169–₹18,338 crore in five years.
India is losing significant revenue due to its current crypto taxes policies, as revealed in a report by the Esya Centre. The country missed out on ₹6,000 crore in taxes as crypto traders moved to foreign platforms. If the policies remain unchanged, India could lose an additional ₹17,700 crore over the next five years.
Why Is India Losing Crypto Revenue?
In July 2022, India introduced a 1% TDS (Tax Deducted at Source) on crypto transactions. While the intention was to regulate trading and collect taxes, this policy backfired. Many traders have shifted to offshore platforms to avoid that.
Between December 2023 and October 2024, Indian investors traded over ₹2,63,000 crore on foreign exchanges. Although the government blocked nine major offshore platforms in January 2024, only one has complied with TDS rules. Traders have also found ways to bypass restrictions using VPNs and alternative apps, leading to a 77% rise in activity on foreign platforms, compared to just 21% growth on local exchanges.
Steps to Fix the Tax Problem
The Esya Centre has suggested changes to make crypto trading in India more attractive and retain tax revenue. These include:
Lowering the TDS Rate: Reducing the tax rate to 0.01% could ease the burden on traders and encourage them to use Indian platforms.
Amending Tax Laws: Updating Sections 194S and 115BBH of the Income Tax Act to enforce tax compliance from offshore platforms operating in India, even if they don’t have a physical presence.
Simplifying Regulations: Allowing foreign platforms to register and operate under local laws could boost compliance and revenue collection.
If these reforms are implemented in the next budget, India could generate ₹9,169 crore to ₹18,338 crore in tax revenue over five years. This would not only strengthen the domestic crypto ecosystem but also prevent traders from relying on foreign platforms.
Creating a balanced and trader-friendly tax policy is key to ensuring that India benefits from the growing crypto market. With better regulations, the government can boost investor trust, retain capital within the country, and unlock the full potential of the crypto economy.
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nice analysis. info on resistance and support will be come in handy.
Dev Adhikari
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Bullish
$PEPE & Trend
$PEPE is oscillating for more than 72 hours in the same range , maintaining same resistance and same support zone . Resistance :$0.00001866 Support :$0.00001705
It's now difficult to predict for how many days this range bound oscillation will take place . But , for sure , The coin will bounce back massively . Don't sell it acting like a fool.
$DOGE Elon Musk’s $20 million crypto giveaway video goes viral: Here’s why you need to stay away from it
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A deepfake video of Elon Musk endorsing a fake $20 million crypto giveaway is going viral, causing widespread confusion and concern. Sharing the video on X (formerly Twitter), DogeDesigner posted: “BREAKING: A deepfake of Elon Musk promoting a $20 million crypto giveaway is going viral.” The post further warned: “Elon Musk and his companies are NOT running any crypto giveaways. Don’t fall for scams! Stay safe.”
https://x.com/cb_doge/status/1868191935665770951 (the link to the viral deepfake video)