How to Buy Dascoin in India – Complete Step-by-Step Guide

Nitin, an employee at the bank, wanted to start investing in DasCoin. Here’s the method he used to purchase DasCoin valued at ₹2,00,000 in India:

Steps to Buy DasCoin in India

• Step 1: Choose a Crypto Exchange

Nitin picked a trusted exchange like Binance or CoinDCX that supports DasCoin.

• Step 2: Register & Complete KYC

He signed up, submitted his PAN and Aadhaar, and got verified in 24 hours.

• Step 3: Deposit INR

He transferred ₹2,00,000 from his bank account to the exchange wallet.

• Step 4: Buy DasCoin

He searched for DasCoin (DASC), placed a buy order, and got his coins.

• Step 5: Secure in a Wallet

Nitin moved his DasCoin to a private wallet (like Trust Wallet) for safety.

Nitin’s Investment Breakdown

Now, DasCoin is securely stored by Nitin, and he keeps an eye on its price.

Understand DasCoin

DasCoin is a digital currency that exists on the blockchain. Online transactions are made fast and safe with the use of cryptocurrency.

How DasCoin Works (Simple Explanation)

• Digital Currency: Like Bitcoin, but with different features.
• Blockchain Security: Transactions are recorded safely and cannot be changed.
• Fast Transactions: Sending DasCoin is quicker than bank transfers.

Example: Nitin’s Investment in DasCoin

Nitin is a bank employee who wants to try cryptocurrency. He learned about DasCoin and decided to invest ₹2,00,000.

Why Nitin Chose DasCoin?

• Low Fees: Cheaper than traditional banking for transfers.
• Future Potential: He believes its value may increase over time.
• Easy to Use: Can be stored in a digital wallet.

Nitin DasCoin Purchase Summary

Key Points to Remember:

• DasCoin is a digital currency, not physical money.
• It can be bought on crypto exchanges like WazirX.
• Always store it in a secure wallet.
• Prices can go up or down, so invest carefully.

Every week, Nitin checks how much DasCoin is worth and looks forward to making profits. You know how to make small investments and learn along the way.

How Nitin Bought DasCoin? – Step-by-Step Guide Using CoinDCX

Nitin, who worked at a bank, hoped to invest his funds in DasCoin. This is how he bought the cryptocurrency with CoinDCX in just a few steps.

Step 1: Signed Up on CoinDCX

• Created an account using his email and mobile number.
• Verified his identity with PAN and Aadhaar (KYC process).

Step 2: Deposited Money

• Transferred ₹2,00,000 from his bank via UPI (fastest method).
• The money appeared in his CoinDCX wallet in 5 minutes.

Step 3: Bought DasCoin (DASC)

• Searched for "DASC/INR" (DasCoin to Rupees pair).
• Placed a limit order (set his price) for ₹2,00,000.
• Once matched, DasCoin was added to his wallet.

Step 4: Stored Safely

• Transferred DasCoin to Trust Wallet (more secure than keeping on an exchange).

Nitin DasCoin Purchase Summary

Key Takeaways:

• CoinDCX makes buying easy with UPI deposits.
• Always complete KYC before trading.
• Move crypto to a private wallet for safety.

Tax on DasCoin in India - Simple Guide with Nitin's Example

Nitin found out about crypto taxes when he invested ₹2,00,000 in DasCoin on CoinDCX. The research turned up these results:

Key Tax Rules for Crypto in India

• 30% Tax on profits when selling DasCoin
• 1% TDS deducted on every trade above ₹10,000
• No loss adjustment - Can't reduce taxes even if you lose money

Nitin's Tax Calculation Example

What Nitin Did?

• Saved all transaction records from CoinDCX.
• Hired a CA to file taxes correctly.
• Paid tax before the July 31 deadline.

Important Notes:

• The tax applies even if you don't withdraw to the bank.
• Must report all crypto trades in ITR.
• Penalties for not paying taxes.

Nitin now sets aside 30% of profits for taxes. Smart move!

Conclusion

DasCoin was easy for Nitin to acquire on CoinDCX because he was cautious before investing. He completed his investigation, registered on CoinDCX, filled out their KYC forms, transferred ₹2,00,000 via UPI, and bought DasCoin. He took his digital coins and put them in his Trust Wallet. Nitin also found out that Indian crypto traders have to pay a 30% tax on gains and a 1% TDS on each trade. 

These three important things we learned from him are using CoinDCX, using safe wallets to store your coins, and putting some money aside for taxes. Nitin is looking forward to his DasCoin investments growing, even though he realizes that crypto prices can fluctuate fast. 

Because he starts slowly, learns security details, and prepares for taxes, he is considered a responsible cryptocurrency owner. Whether you are seeing the world of crypto for the first time, like Nitin, or are an expert, these techniques can guide your investing in Indian crypto.

FAQs

1. Is CoinDCX safe for buying DasCoin?

Yes, CoinDCX is a trusted and regulated exchange in India. It uses strong security measures like two-factor authentication (2FA) to keep your money and crypto safe.

2. How do I create an account on CoinDCX?

Go to the CoinDCX website or app, enter your email and mobile number, verify with OTP, and set a strong password.

3. Why is KYC required, and how long does it take?

KYC (PAN + Aadhaar) is mandatory by Indian law to prevent fraud. It usually gets approved in 24-48 hours.

4. What’s the best way to deposit money?

UPI is the fastest (instant deposit). Bank transfers (IMPS/NEFT) take 1-2 hours but have no fees.

5. Can I buy DasCoin directly with INR?

Yes, if CoinDCX lists the DASC/INR pair. If not, buy USDT first, then trade for DasCoin.

6. Are there fees for buying DasCoin?

CoinDCX charges a small 0.1% trading fee. Deposits via UPI/bank transfer are free.

7. How do I store DasCoin safely?

After buying, transfer it to a private wallet like Trust Wallet or Ledger (hardware wallet). Never leave large amounts on exchanges.

8. What if DasCoin’s price drops after I buy?

Crypto prices change often. Invest only what you can afford to lose, and avoid panic selling.

9. How do I sell DasCoin and withdraw money?

Sell DASC for INR on CoinDCX, then withdraw to your bank account (takes 5-30 minutes).

10. Do I have to pay taxes on DasCoin profits?

Yes, 30% tax on profits and 1% TDS on trades above ₹10,000. Keep records for ITR filing.

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