Close Custom Amount allows users to partially close an open position, offering flexibility in managing trades.
Tag: Cryptocurrency
Cryptocurrency is digital money using blockchain technology, allowing fast, secure, and decentralized transactions without banks or middlemen.
Shiraverse Latest Questions
The ION blockchain was chosen for its scalability, high performance, and innovative tap-to-mine technology. It can handle a high number of transactions per second, ensuring quick processing for festival-related activities, including ticket sales and on-site purchases.
Bybit’s liquidity mining allows users to:Provide Liquidity: By staking assets in liquidity pools. Earn Rewards: Receive interest and trading fees generated by the pool. Access to DeFi: Engage in decentralized finance activities directly from Bybit. Flexible Terms: Choose from different pools and ...Read more
The YES token is a planned cryptocurrency based on the TON blockchain. Once launched, players who have connected their wallets to Yescoin will be able to convert their in-game points to YES tokens and trade them on the open ...Read more
Yes, SW token holders can propose changes or introduce new initiatives on various topics, from festival lineups to new technological features and strategic partnerships.
To modify the platform language on the Bybit website:On the top right corner of the website, click on the globe icon. Open the list of available languages and select your preferred language.
A Trigger Order (or conditional market order) executes a trade only if specific conditions, such as price levels or market movements, are met.
Bybit supports NFT trading through its NFT Marketplace, where users can:Buy, Sell, and Trade NFTs: Access a wide range of digital collectibles and artwork. Mint NFTs: Create and list your own NFTs on the platform. Participate in Auctions: Bid on rare ...Read more
The SAUCE Token enhances your crypto experience by providing a fun and engaging way to participate in the Sauces ecosystem. It allows you to earn rewards through daily activities, vote on community decisions, stake for additional earnings, and access ...Read more
Yes, cryptocurrency gains are taxable in India. Under the Income Tax Act, cryptocurrencies are classified as Virtual Digital Assets (VDAs), and profits from trading, selling, or spending these assets are taxed at a flat rate of 30%. Additionally, a 1% Tax Deducted at Source (TDS) applies to transactRead more
Yes, cryptocurrency gains are taxable in India. Under the Income Tax Act, cryptocurrencies are classified as Virtual Digital Assets (VDAs), and profits from trading, selling, or spending these assets are taxed at a flat rate of 30%. Additionally, a 1% Tax Deducted at Source (TDS) applies to transactions exceeding specific thresholdsββΉ50,000 for most taxpayers and βΉ10,000 for specified individuals.
Other forms of crypto income, like staking rewards, airdrops, or mining, are also taxable, typically at your applicable income tax slab rate. Reporting such income is mandatory under the newly introduced Schedule VDA in Income Tax Returns. Losses from crypto transactions cannot be offset against gains or other income, and only the cost of acquisition is deductible.
It’s important to stay updated with tax regulations and consult a tax professional to ensure compliance.
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