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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:
Nitin picked a trusted exchange like Binance or CoinDCX that supports DasCoin.
He signed up, submitted his PAN and Aadhaar, and got verified in 24 hours.
He transferred ₹2,00,000 from his bank account to the exchange wallet.
He searched for DasCoin (DASC), placed a buy order, and got his coins.
Nitin moved his DasCoin to a private wallet (like Trust Wallet) for safety.
Action | Amount(₹) |
Deposited in Exchange | 2,00,000 |
DasCoin Purchase | 2,00,000 |
Now, DasCoin is securely stored by Nitin, and he keeps an eye on its price.
DasCoin is a digital currency that exists on the blockchain. Online transactions are made fast and safe with the use of cryptocurrency.
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?
Step | Action | Amount(₹) |
1 | Deposited money in CoinDCX | 2,00,000 |
2 | Bought DasCoin (DASC) |
Key Points to Remember:
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.
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
Step 2: Deposited Money
Step 3: Bought DasCoin (DASC)
Step 4: Stored Safely
Step | Action | Details |
1 | Registered on CoinDCX | Used email & mobile |
2 | Completed KYC |
Key Takeaways:
Nitin found out about crypto taxes when he invested ₹2,00,000 in DasCoin on CoinDCX. The research turned up these results:
Nitin's Tax Calculation Example
Transaction | Amount (₹) | Tax Impact |
2,00,000 |
3 | Transferred to Trust Wallet | 2,00,000 (in DASC) |
PAN + Aadhaar |
3 | Deposited INR | ₹2,00,000 via UPI |
4 | Bought DasCoin | DASC/INR pair |
5 | Moved to Wallet | Trust Wallet |
*T&C Apply
Bought DasCoin
2,00,000 |
No tax |
Sold for ₹3,00,000 | 1,00,000 profit | 30% tax = ₹30,000 |
TDS deducted | 1% of 3,00,000 | ₹3,000 deducted at sale |
What Nitin Did?
Important Notes:
Nitin now sets aside 30% of profits for taxes. Smart move!
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.
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.
How to Guides – Investing, Trading & Wealth Building | ||
