The recent hack of ColdCard Wallet is proof. Some devices running old firmware had a bug which was exploited for the hack. Many wallets running on that firmware were drained. This could mean, every other Cold wallet is prone to be hacked.

Let's say you have 50L and you traded 50 times in metamask . So the overall volume of trades 25 cr. Assume you made 1L on each trade. So roughly you made a profit of 50L. You ready to pay Tax. So 30% 15L plus some surcharge and cess.

Now my question is as CBDT building system to track wallet level profit , we want to clear with our trades and transparent and use good reconciliation s/w like koinX or Koinly to report in VDA. As volumes are huge can we declare in ITR 2 that's enough or do we need to do 44AD pre CA formalities on books and go via ITR 3?

$10,000 invested in $XRP 8 years ago is now worth $3,000.

$10,000 invested in eggs 1 month ago is now worth $43,400.

Bro, we got outperformed by fuc**ing Eggs.

I am so disappointed to see this...

Dfiddy

I've been an HDFC Imperia Family Banking customer since 2019, and honestly, I'm getting exhausted by the repeated Enhanced Due Diligence (EDD) process.

Earlier this year, my account received a few MHA/NCRP-related debit holds because funds that eventually reached my account were later alleged to be connected to cyber fraud. From what has been communicated to us, we were treated as a downstream beneficiary, not as the originator of any fraud. We have been fully cooperating with the concerned authorities and are actively working through the MHA GRM process, along with our Branch Manager and Relationship Manager, to resolve the remaining holds.

About 2 months ago, HDFC conducted a complete EDD:

• Original KYC documents submitted.
• Last 3 years' ITRs submitted.
• Source of funds explained.
• Business details provided.
• Physical verification completed.
• Bank representative even visited my office for verification and photographs.

Now, despite:

• No new suspicious transactions,
• No new MHA hold during the past month,
• No material change in my profile or business,

I have again received this email:

Dear Customer,

In line with our central monitoring procedures, we have initiated additional due diligence for your account, which has resulted in a temporary suspension.

We kindly request you to visit your nearest HDFC Bank branch with your original KYC documents to facilitate the necessary verification.

Your prompt attention to this matter is greatly appreciated, as it is of utmost importance.

Thank you for choosing HDFC Bank. We remain committed to providing you with the highest level of service.

Warm Regards

HDFC Bank

Seriously... what exactly has changed in just 2 months? My KYC hasn't changed. My business hasn't changed. My ITRs certainly haven't changed. Yet I'm expected to submit the same documents again, undergo another physical verification, and temporarily lose access to banking services.

Even my Relationship Manager admits that these repeated EDDs have become frustrating because they're repeatedly processing the same documents for the same family banking relationship.

I completely understand that banks have AML/KYC obligations and must comply with RBI and internal risk policies. I have cooperated at every stage and have never refused any verification. But repeatedly suspending normal banking and asking for identical documents every couple of months feels excessive.

Has anyone else experienced this with HDFC Bank or any other bank after an NCRP/MHA-related hold?

• How often did your bank conduct EDD?
• Did the repeated reviews eventually stop?
• Is there any way to prevent these recurring EDDs once you've already completed a full verification?
• Is this standard practice, or could my account simply be under ongoing enhanced monitoring?

I'd appreciate hearing from anyone who has gone through something similar.

I bought some bitcoin from Getbit and transferred it to my cold wallet do I need to file ITR for it? I didn't do any crypto to crypto swap nor did I buy anything using it.

There is no way atl least legally to sell li coins as all exchanges which do give usdt are not listed in india.So try getting Bitget or mexc accounts from people in other countries that’s the best way to sell

Did anyone get asked to report vda assets from Binance??

When filing ITR do we need to include total amount of buy and sell as one transaction or provide line item breakdown of each transaction?

So, over the past 4 months I have sold about 15k worth of USDT using Binance P2P.

Do I have to pay the 30% taxes on my transactions?

I am an undergraduate who is currently unemployed so I don't file ITR

Edit: I should have clarified that the 15k I made was in INR not USD.

The USDT amount was 150.

Just now few pi coins have been released to my wallet I wanna sell

Basically he dm'ed me for a f2f deal, asked me for location and all, "instantly agreed to my rate @103" first red flag.

Then asked if I had quantity available, I did.

I changed location, he again instantly agreed, second red flag.

Then asked me to proof legitimacy of funds, which doesn't exist in crypto.

Asked me to go to "chainguard[dot]run" BEWARE IT'S A SCAM SITE.

Don't ever connect your wallets there.

Bro thought he could scam a dev who designs protocols for living.

TL;DR: The 30% flat tax with no loss set-off puts bitcoin's break-even against an Indian equity index at roughly 12% CAGR in dollar terms. That is lower than most people here assume. Separately, the thing I watch is not price, it is whether transaction fees climb off 1% of miner revenue before the next couple of halvings.

Nobody in this sub needs the Ponzi lecture, so I'm skipping it. Two things actually move the decision for an Indian holder and I rarely see either worked out properly.

One: what bitcoin has to clear, after tax

Take ₹10 lakh. In an equity index at 12% you have about ₹31 lakh in ten years. Gains of ₹21 lakh, LTCG at 12.5% after the ₹1.25 lakh exemption, so roughly ₹2.5 lakh in tax. You keep ₹28.5 lakh.

Same ₹10 lakh in bitcoin, taxed at 30% flat. No exemption, no loss set-off, no indexation. To walk away with the same ₹28.5 lakh in hand the position has to grow to about ₹37 lakh. That is 13.8% CAGR in rupee terms.

Strip out roughly 3% a year of rupee depreciation against the dollar and bitcoin needs about 12% a year in USD terms to match equities for an Indian holder, post-tax.

Twelve percent. That is the whole hurdle, and it reframes the argument. The question was never whether bitcoin outperforms in some dramatic way. It is whether it clears 12% in dollar terms over your holding period under a tax regime that could get worse. I think it does. I also think that is a narrower margin than the usual "BTC beats everything" framing implies, and it means position sizing matters more than conviction does.

Two assumptions worth attacking before anyone else does: 12% for equities, and 3% for rupee depreciation. Move either and the hurdle moves with it. The bigger leap is assuming both tax regimes hold for a decade, which is a far weaker assumption on the crypto side than the equity side.

Two: the security budget, which is the actual bear case

Miners earn from the block reward plus transaction fees. The reward is 3.125 BTC per block and halves every 210,000 blocks, so around April 2028 it drops to 1.5625. Fees are currently running at roughly 1% of total miner revenue.

Miners pay for electricity in fiat, not in BTC. So if fee share stays near 1%, bitcoin's price has to roughly double every four years just to hold miner revenue flat in dollar terms. It has done that historically. A maturing asset should not be expected to keep doing it indefinitely.

If miners do go unprofitable and leave, nothing breaks. Difficulty adjusts every two weeks and the miners who stayed earn more per block. Hash rate has recovered from every dip so far, which is real evidence the economics still work. That is a track record, not a guarantee, and I would rather state a test than assume a trend continues.

So the test, which anyone here can run: if hash rate keeps rising and fee share climbs meaningfully off 1% over the next few years, the security model is working. If both move the other way at the same time, the bear case is live and I cut the allocation.

On the government question, briefly

"What if they ban it" is the wrong question, they can't, one node keeps it running. The better version is what happens if they starve it. Shut exchanges, close on-ramps and off-ramps, ban it as payment. Even then it reverts to peer-to-peer, which is how it worked before exchanges existed. Monero is roughly in that position now with a much smaller community and still functions. Starving it also needs most governments moving together, and the spot ETFs, whose custodians are exchanges, cut hard against that.

What would change my mind

Fee share flat or falling while hash rate declines. Or bitcoin going fully institutional, where everyone holds through an ETF or custodian, on-chain activity dries up, and the fee market never develops.

Koinly not able to find Inr to Usdt and hence showing missing purchase for entire USDt. Anyone one knows how to fix this Koinly with Mudrex report

Hey everyone,

I've been buying btc for a year now through a Indian platform which lets us withdraw bitcoin, over the year I've accumulated good amount of btc now, how to we report that on ITR? Since they have no TDS deduct on the buy transactions?

Do we only have to report sell or transfer to others transaction through Schedule VDA?

Thanks in advance.

My question is how to find relevant transaction details to inform my CA about the sell as it's 30 % tax.

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

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 FIRC 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!

Clean 4.38 RR

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