I’ve done the foundational reading. I know what blockchain is, how decentralization works, and the general theory. I’m ready to actually buy, but I want to skip the beginner fluff.
YouTube is a complete cesspool of shills, mixed signals, and sponsored garbage. I want raw, practical answers from people actually doing this from India right now.
Help me clear these specific doubts:
Exchanges: I want to stay completely legal and FIU compliant. What Indian platform is actually working smoothly for INR deposits and withdrawals? I see CoinDCX, Mudrex, CoinSwitch, etc. Which one has the best liquidity and doesn’t freeze your funds randomly? Is anyone using Binance now that they registered, or is it a headache?
The 30% Tax + 1% TDS Nightmare: The tax laws here are brutal (no offsetting losses between coins). Do the native Indian exchanges automatically handle the 1% TDS deductions and give you a clean statement for ITR (Schedule VDA)? How do you guys track this without losing your mind or getting a notice?
What to buy first: I’m not here to gamble on micro-cap meme coins or day-trade. Is it best to play it safe and stick strictly to a Bitcoin (BTC) and Ethereum (ETH) split for the first few months, or should I be looking at mid-caps?
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