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What is Bitcoin? Complete BTC guide for Indian investors

Giottus Crypto Exchange — Sun, 12 Apr 2026 14:10:37 +0000

Home BlogWhat is Bitcoin? Complete BTC guide for Indian investors

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       Author :[Arjun Vijay 
    ](/blog/author/arjun-vijay) |
    4 MIN READ 


     |  8th April, 2026






![Buying Bitcoin in India on Giottus platform](/blog/uploads/large_buy_bitcoin_2026_2457934933.jpg)


    Bitcoin isn't some abstract internet fantasy anymore. It is real money that millions of Indians are holding, trading, and using as a hedge against inflation. If you've heard the buzz but don't actually understand what Bitcoin is or how it works, you are not alone. This guide cuts through the noise and explains what Bitcoin is.

What is Bitcoin?

Bitcoin is the world's first cryptocurrency digital money without a bank, government, or company running the show. Instead, it is powered by thousands of computers (called nodes) that verify every transaction. Think of it as a ledger that nobody controls, but everybody trusts because the math checks out.

Created on January 3, 2009, by Satoshi Nakamoto, Bitcoin solved a problem that had stumped computer scientists for decades. How can you send money to a stranger over the internet without needing a middleman like PayPal or a bank? The answer was blockchain, a chain of digital blocks that record every transaction ever made.

Here is the thing: Bitcoin isn't printed by the RBI. There will only ever be 21 million Bitcoins in existence. That hard cap is written into the code itself. Right now (as of March 2026), around 21 million have already been 'mined' into existence. No more printing. No inflation spirals. This is why many Indians see Bitcoin as protection against rupee depreciation and inflation.

Bitcoin is roughly 85 lakh rupees per coin at current rates. But you don't need to buy a whole Bitcoin. You can buy 0.001 BTC (called a millibitcoin or 'milli') or even smaller amounts on Giottus's live Bitcoin price page.

How Bitcoin works: The technology behind BTC

Bitcoin runs on something called a blockchain. Imagine a notebook that's copied and updated across 15,000 computers worldwide simultaneously. Every time someone sends Bitcoin to someone else, that transaction is added to a 'block' along with other transactions.

Miners compete to validate these blocks. They solve complex math puzzles. Whoever solves it first gets to add the block to the chain and earns newly created bitcoins as a reward. This process is called Proof of Work. It's secure because attacking the network would require controlling more computing power than the rest of the network combined, which is economically impossible.

Here is the security angle. Each block contains a unique fingerprint (called a hash) of the previous block. Change one tiny detail in an old transaction and that block's hash changes. That breaks the chain. Everyone notices immediately. Fake transactions get rejected by the network consensus.

Your Bitcoin lives in software called a 'wallet' that holds your private keys (think: your password, but more crucial). Lose your private key and your Bitcoin is gone forever. Give it to someone else and they can steal everything. This is why security on crypto wallets matters.

When you buy Bitcoin on Giottus, we hold your private keys in secure cold storage. You don't have to worry about losing them or about hackers stealing them from your home computer.

Bitcoin's price history: Key milestones in INR

Bitcoin's journey has been wild. In 2009, it was worth nothing, literally worthless. Then, in early 2010, people started trading it and the price hit $0.01. That same year, someone famously bought two pizzas with Bitcoin for 10,000 BTC. Today, that would be worth over ₹85 crore.

By 2017, Bitcoin first hit $1,000 globally (roughly ₹65,000 then). The hype machine kicked in. Everyone wanted a piece. By December 2017, Bitcoin reached nearly $20,000. Then it crashed. That's crypto. Boom and bust cycles.

But here's what matters: Long-term, Bitcoin has always recovered and reached new highs. In November 2021, Bitcoin hit $69,000, its previous all-time high. In Indian rupees, that was over ₹50 lakh per BTC. Since then, there's been another recovery, with Bitcoin trading around today.

In India specifically, the journey is different. Until 2020, banks wouldn't touch crypto. Then the Supreme Court lifted the RBI's banking ban. Suddenly, Indians could buy Bitcoin legally through exchanges like Giottus without doing bank transfers to overseas accounts or using peer-to-peer workarounds.

From 2020 to 2024, Bitcoin's price in INR more than tripled. Millions of Indians got in during this period. Some made significant gains. Some bought at the top in 2021 and have been waiting for a recovery. Check the live BTC/INR chart on Giottus to see the current price and 24-hour movement.

Is Bitcoin legal in India?

Yes, Bitcoin is completely legal to buy, sell, and own in India. The Supreme Court blocked the RBI's banking ban in 2020. You won't go to jail for holding Bitcoin.
But there are tax rules. If you are in India and you trade Bitcoin, here is what you need to know:

TDS (Tax Deducted at Source): Under Section 194S, exchanges must deduct 1% TDS on any single crypto transaction of ₹50,000 or more. This applies to buying and selling.

Income Tax: Profits from Bitcoin are taxed as capital gains. If you hold for less than 2 years, it is short-term capital gains, taxed at your slab rate (up to 30%). If you hold for 2+ years, it is long-term capital gains, taxed at 20% with indexation benefit.

Surcharge: High earners (income above ₹2 crore) face an additional 37% surcharge on crypto gains under Section 115BBH. This was introduced in 2023 and has been controversial, but it is the law.

KYC & AML: All exchanges registered with FIU-IND (Financial Intelligence Unit – India) must follow the Know-Your-Customer and Anti-Money Laundering rules. Giottus is FIU-IND registered and compliant.

The takeaway: Keep records of your trades. Track cost basis and selling prices. Report on your income tax return. Don't try to hide the exchanges report to tax authorities and getting caught is worse than just paying the tax.

How to buy Bitcoin on Giottus (Step-by-Step)

Want to get started? Here's how to buy Bitcoin on Giottus in 5 minutes:

Sign up: Go to Giottus.com, click Sign Up, and fill in your email. Verify your email.- **Complete KYC: *Upload your ID (Aadhaar, PAN, or passport) and a selfie. This usually takes a few minutes to a few hours to verify.- *Add payment method: *Link your bank account (NEFT), UPI, or card. You can fund your account with INR.- *Find Bitcoin: *Go to the trade page, search for BTC/INR, and look at the current Bitcoin price.- *Place an order:** Decide how much you want to buy (in rupees or BTC amount), click 'Buy,' and confirm. Your Bitcoin lands in your wallet instantly.

Ready to buy your first Bitcoin?

Start with whatever amount you are comfortable with. You can buy ₹500 or ₹5,00,000, Giottus handles both. Use the live trading interface to check prices in real-time. Or use our Recurring Purchase feature to automatically buy Bitcoin weekly or monthly, no matter the price. Dollar-cost averaging works in crypto, too.

Bitcoin vs other cryptocurrencies (A comparison)

[Table — see original article]

Bitcoin is the original first-mover advantage, strongest network, and most proven over time. But it is not the fastest or most flexible. Ethereum lets you build things on top of it (decentralized apps). Solana is faster and cheaper. No 'best,' just different purposes. And Giottus supports all three, plus 450+ other tokens.

Risks every Bitcoin investor should know

Bitcoin isn't risk-free. Let's be real.

Volatility: Bitcoin can swing 10% in a day. ₹85 lakh today might be ₹75 lakh next week. If you need the money in the next month, don't buy Bitcoin. This isn't a savings account.

Regulatory risk: India's rules are friendly today. But governments change. A future government could ban crypto or tax it differently. It's unlikely, but it's possible. Never invest more than you can afford to lose.

Irreversible transactions: Send Bitcoin to the wrong address, and it's gone forever. No refund. No 'undo.' Be careful with wallet addresses.

Wallet risk: If you move Bitcoin to your own wallet and lose the private key, your coins vanish. If you keep it on an exchange and the exchange gets hacked, your coins are at risk (though reputable exchanges like Giottus carry insurance).

Market manipulation: Crypto markets are smaller than stock markets. A single wealthy trader ('whale') can move the price significantly. Be aware you're not trading on the most mature market.

Tech risk: Bitcoin's code has been battle-tested for 17 years, but no technology is perfect. A critical flaw is theoretically possible (though extremely unlikely).

**Remember: **Never invest more in Bitcoin than you can afford to lose completely. Don't use money earmarked for emergencies, debt repayment, or essential life expenses. Treat it as a speculative asset allocation, maybe 5-10% of a portfolio for long-term investors.

Bitcoin in 2026 and beyond

Bitcoin has matured. Institutions hold it. Companies list it on their balance sheets. El Salvador made it legal tender. In India, millions own it despite political skepticism from some quarters. The network is stronger than ever.

Will Bitcoin go higher? No one knows. But it is proven it will not go away. If you believe in decentralized money and you have capital to risk, Bitcoin deserves a place in your portfolio. If you don't understand it yet, start learning. Read this again. Watch how the price moves. Join Giottus's Bitcoin price tracker and get a feel for volatility. Then, when you are ready, buy a small amount. Experience it firsthand.

The best time to understand Bitcoin was in 2010. The second-best time is right now.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Please do your own research before investing and seek independent legal/financial advice if you are unsure about the investments.

          Published on: 8th April, 2026 2:02 PM 

          Updated on: 8th April, 2026 3:07 PM 




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              #Giottus
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FAQ's

1. What is the minimum amount I can buy Bitcoin?

      On Giottus, you can buy as little as ₹100 worth of Bitcoin. You do not need to buy a whole coin. Start small while you learn.

2. Is Bitcoin anonymous?

      No. Bitcoin transactions are transparent. Anyone can see them on the blockchain. But you don&#x27;t see names; you just see wallet addresses. If someone links your name to your wallet address (like through an exchange KYC), they know it&#x27;s you. For privacy, there are other cryptocurrencies, but Bitcoin itself isn&#x27;t anonymous.

3. Can I mine Bitcoin from home?

      Technically yes, but practically no. Mining requires specialized hardware called ASICs, which are expensive and consume enormous amounts of electricity. In India, where electricity costs are moderate but still significant, home mining is not profitable anymore. Professional mining farms do it instead.

4. What happens to Bitcoin when I die?

      If you keep Bitcoin on an exchange like Giottus, your heirs can access it with your account credentials. If you keep it in a personal wallet, your heirs need the private key or seed phrase. That is why it&#x27;s crucial to document where your Bitcoin is and how to access it. Keep a backup of private keys (physical, encrypted) with your will.

5. Do I have to report Bitcoin on my tax return even if I did not sell?

      If your Bitcoin holdings are over ₹50,000 as of March 31 (financial year-end), you should report them in the &#x27;Income from Other Sources&#x27; schedule. Just holding isn&#x27;t taxable, but the wealth needs to be disclosed. Consult a CA familiar with crypto tax for specifics.

6. How long does a Bitcoin transaction take?

      If you are buying or selling on Giottus, it is instant and you see the BTC in your wallet immediately after the order. If you are sending Bitcoin to another wallet, it typically takes 10-60 minutes, depending on network congestion and the transaction fee you paid. Bitcoin blocks are mined roughly every 10 minutes.

7. Will Bitcoin ever crash to zero?

      Unlikely, but possible. Bitcoin&#x27;s value depends on people believing it has value. If everyone stops believing (mass exodus), the price would plummet. However, after 17 years and millions of users, Bitcoin has proven network effects. It is more likely to be worth something 10 years from now than to disappear entirely. Still, never guarantee future returns, treat it as a speculative bet.

This article was originally published on Giottus Blog. Start your crypto investing journey at giottus.com.

Cardano staking rewards: How to delegate ADA (2026)

Giottus Crypto Exchange — Sun, 12 Apr 2026 14:10:23 +0000

Home BlogCardano staking rewards: How to delegate ADA (2026)

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       Author :[Team Giottus 
    ](/blog/author/team-giottus) |
    4 MIN READ 


     |  10th April, 2026






![Cardano staking token image](/blog/uploads/cardano_staking_everything_you_need_to_know_2026_c0d0ce0585.webp)


    Cardano staking is one of the more straightforward ways to earn passive income in crypto. But there's a right way to do it, and a few common mistakes that cost Indian investors their rewards. This guide walks you through exactly how ADA delegation works. What you can realistically expect, and how to get started today.

What you will need before you start

Cardano staking uses a process called delegation. This keeps your ADA in your own wallet while delegating your staking power to a validator (a stake pool). Your ADA never leaves your wallet. The stake pool uses your delegated stake to increase its chances of being selected to validate blocks, and shares the rewards with you.

Before you can stake, you will need:

ADA in your possession: You need to hold ADA, either purchased on Giottus or transferred from another exchange. There is no minimum to delegate, but very small amounts (under 10 ADA) earn negligible rewards.- A non-custodial Cardano wallet: The most widely used options are Eternl (browser extension + mobile) and Lace (developed by IOG, Cardano’s founding entity). Both are free and open source.- A small amount of ADA for the deposit: Cardano requires a one-time deposit of 2 ADA when registering your staking key. This is fully refundable when you un-delegate.Time estimate: First-time setup takes 20-40 minutes. After that, delegation is a one-click action.

Important: You can keep staking while your ADA remains fully liquid. There's no lock-up period on Cardano. You can sell or transfer your ADA at any time. However, your delegation and pending rewards may be affected if your balance drops significantly.

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Step 1 - Buy ADA on Giottus

If you don’t yet have ADA, the simplest starting point is buying directly with INR on Giottus.

Log in to your Giottus account (or create one if you haven’t already). KYC verification requires Aadhaar + PAN and typically takes 10-30 minutes. Navigate to the ADA/INR trading pair, deposit INR via UPI or bank transfer, and place your buy order. You can use a market order for immediate execution or a limit order to buy at a target price.
Once purchased, your ADA sits in your Giottus wallet. In Step 3, you will withdraw it to a non-custodial wallet to stake it.

Buy ADA with INR on Giottus

Purchase Cardano directly with UPI or bank transfer. FIU-IND registered, no USDT conversion required.

Step 2 - Set up a Cardano wallet (Eternl or Lace)

Go to eternl.io or lace.io and install the browser extension (Chrome or Brave recommended). When you first open the wallet:

Create a new wallet. The wallet generates a 24-word seed phrase, write every word down on paper in order and store it somewhere physically secure (not in cloud storage, not in a screenshot, not in email). This seed phrase is the only way to recover your wallet if you lose access. There is no password reset. There is no customer support that can help you. Treat it accordingly.

Set a spending password. This protects your wallet from anyone with physical access to your device. It is separate from your seed phrase.

Your wallet is now ready. Copy your receiving address, which starts with ‘addr1…’ and is unique to your wallet.

Step 3 - Withdraw ADA from Giottus to your wallet

In your Giottus account, go to Withdraw → Cardano (ADA). Paste your wallet address (addr1...) into the destination field. Double-check the address. Cardano withdrawals are irreversible.

Enter the amount. Giottus charges a small withdrawal fee to cover network costs; check the current fee on the withdrawal screen. Processing typically takes 5-15 minutes for ADA to appear in your non-custodial wallet.

Once your ADA arrives, you are ready to delegate.

Step 4 - Delegate to a Stake Pool

In Eternl or Lace, navigate to the Staking or Delegation section. You'll see a pool search interface.

What to look for in a stake pool:

**Saturation: *Aim for pools at 50-90% saturation. Over-saturated pools (above 100%) produce lower rewards. Cardano’s protocol deliberately reduces returns for pools that are too large to encourage decentralisation.- *Pool fee: *Most pools charge a fixed fee of 340 ADA/epoch (the minimum allowed) plus a variable fee of 0-5%. A 1% variable fee on a pool with solid performance is reasonable.- *Performance/luck:** Check the pool’s historical performance. ‘Luck’ above 95% over the past 10+ epochs indicates consistent block production.- Pledge: A high pledge (the operator’s own ADA committed to the pool) is a signal of operator commitment.Select a pool you are satisfied with and click Delegate. Confirm the transaction with your spending password. The 2 ADA deposit is included in this first transaction. That’s it. You are staking.

How rewards work and what to expect

Cardano operates in 5-day epochs. Staking rewards follow a predictable schedule:

**Epoch 1 (first 5 days): *Your delegation registers on-chain. No rewards yet.- *Epoch 2 (days 6-10):** Your stake becomes active. Still no rewards, you're in the ‘snapshot’ period.- **Epoch 3 (days 11-15): *Your first rewards are calculated.- *Epoch 4 (day 16+): **First rewards are distributed to your wallet. From here, rewards arrive every 5 days automatically.So expect to wait roughly 15-20 days before seeing your first reward. This is normal and not a sign that something went wrong.

Current Cardano staking APY is approximately 3-4% annually, varying with network conditions and pool performance. Rewards compound automatically when they're received into your delegated wallet, no action needed.

[Table — see original article]

Tips for getting the most from Cardano staking

Don’t chase the highest APY pools. New or very small pools often advertise high projected returns because they haven’t produced many blocks yet. A well-established pool with consistent performance at a standard fee will typically outperform a new pool in practice, even if the new pool’s projected APY looks better on paper.

Re-evaluate your delegation every few months. Pool operators can change fees and pool saturation levels shift as more ADA enters or leaves. A 5-minute check every quarter is all it takes.

Keep your seed phrase safe, not just secure. Secure means no one else can access it. Safe means you won’t lose it either. Both matter equally. Write it on paper and consider a fireproof document pouch if you are holding significant amounts.

Tax implications. In India, staking rewards are taxable as income in the year they are received are classified as ‘income from other sources’ under current interpretations, taxed at your applicable slab rate. Consult a crypto-aware tax professional; the treatment of staking income in India is still evolving. When you eventually sell the ADA rewards, an additional 30% capital gains tax applies on any profit above your acquisition cost.

Common mistakes to avoid

Storing ADA on an exchange long-term. ADA held on Giottus earns no staking rewards. Rewards only accrue to delegated non-custodial wallets. If your plan is to stake, withdraw to a self-custody wallet. If your plan is to trade actively, keeping ADA on Giottus is fine.

Delegating to an over-saturated pool. Pools above 100% saturation produce reduced rewards by design. The pool browser in Eternl and Lace both show saturation clearly, look for it before confirming.

Ignoring the 15-20 day activation window. Many first-time stakers think something is broken when they see no rewards in the first two epochs. Everything is working as intended. Cardano's reward schedule is just slower than some other proof-of-stake chains.

Switching pools too frequently. Every time you change your delegation, you reset the activation clock. Switching once every few months is reasonable; switching weekly wastes two epochs of rewards each time.

Troubleshooting

No rewards after 20 days. First, confirm your delegation is active in the wallet’s staking tab. It should show ‘Delegated’ with a pool name. If it shows ‘Not delegated’ or ‘Pending, the transaction may not have confirmed. Check the Cardano blockchain explorer (cardanoscan.io) using your wallet address to verify delegation status.

Transaction failed when delegating. Make sure you have at least 3-5 ADA beyond your staking amount to cover the 2 ADA deposit and the transaction fee (~0.17 ADA). If your wallet balance is very close to the minimum, top it up slightly.

Wallet shows wrong balance. Cardano wallets sometimes need a manual sync. In Eternl, try the 'Force resync' option in settings. In Lace, try closing and reopening the extension.

          Published on: 10th April, 2026 1:23 PM 

          Updated on: 10th April, 2026 1:42 PM 




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FAQ's

1. Is Cardano staking safe? Can I lose my ADA?

      Delegation on Cardano does not put your ADA at risk. Unlike some other proof-of-stake chains, Cardano has no ‘slashing’, if a validator misbehaves, they don&#x27;t take your funds with them. The worst outcome from a poorly performing pool is missed rewards (a few epochs of lower returns). Your principal is always safe in your own wallet.

2. What is the current Cardano staking APY?

      As of early 2026, Cardano staking returns approximately 3-4% APY, depending on pool performance, saturation, and the number of blocks produced. This is lower than earlier years as the network has matured, but it remains consistent and compounds automatically.

3. Can I unstake my ADA at any time?

      Yes. There&#x27;s no lock-up period on Cardano. You can un-delegate or sell your ADA at any time. Note that you&#x27;ll stop earning rewards from the epoch after you un-delegate and any pending rewards from completed epochs will still be distributed.

4. How are Cardano staking rewards taxed in India?

      Staking rewards received in India are generally treated as income in the year received and taxed at your applicable income tax slab rate. When you sell the ADA received as rewards, any additional gain is taxed at 30% under Section 115BBH. This area of crypto tax law is still evolving, consult a tax professional for your specific situation.

5. Can I stake ADA directly on Giottus?

      Currently, Cardano staking requires a non-custodial wallet (Eternl or Lace). Giottus does not offer in-platform ADA staking at this time. You&#x27;ll need to withdraw your ADA to a personal wallet to delegate. Check Giottus Staking for the current list of supported staking assets.

This article was originally published on Giottus Blog. Start your crypto investing journey at giottus.com.

Introduction to Blockchain: Technology Powering the Future

Giottus Crypto Exchange — Sat, 11 Apr 2026 14:14:10 +0000

Blockchain technology is transforming how we store, share, and verify data through secure and transparent systems that extend beyond digital currencies. It creates a decentralised network where trust is built into the system itself, with no single controlling authority.

What Is Blockchain and How Does It Work?

Blockchain functions as a decentralized digital ledger recording transactions across distributed networks. Each transaction becomes a block linked to previous ones, creating a tamper-proof chain synchronized across thousands of nodes.

The technology employs cryptographic algorithms like SHA-256 for data protection and consensus protocols including:

Proof of Work (PoW)
Proof of Stake (PoS)
Delegated Proof of Stake (DPoS)

These mechanisms enable network validation without central authority. Modern blockchain has evolved to include layer-2 solutions managing thousands of transactions per second.

Types of Blockchain Networks

Four primary categories exist:

Public Blockchains – Open access, prioritizing transparency (Bitcoin, Ethereum)
Private Blockchains – Restricted access for enterprise data management
Consortium Blockchains – Managed by multiple organizations, balancing privacy with decentralization
Hybrid Blockchains – Combining public and private features for selective data sharing

Applications Beyond Cryptocurrency

Blockchain applications extend across multiple sectors:

Finance: Cross-border payments, smart contract automation
Supply Chains: Real-time shipment tracking and authenticity verification
Government: Digital IDs, voting systems, credential verification, land registry management

Key Advantages

Security through cryptography and decentralization
Transaction transparency and verifiability
Automated efficiency via smart contracts
Elimination of single-point manipulation risks
Asset tokenization capabilities

Challenges and Limitations

Scalability concerns during high transaction volumes
Energy consumption in PoW networks
Regulatory uncertainty
Legacy system integration complexity

Future Outlook

Emerging innovations include zero-knowledge proofs, quantum-resistant cryptography, and AI-integrated consensus mechanisms. India is positioning itself as a blockchain innovation hub with initiatives like the e-Rupee.

In-demand roles include Blockchain Developers (Solidity, smart contracts, dApps), Blockchain Analysts, and Blockchain Architects.

Blockchain foundational knowledge is now essential for investors, developers, and enterprises navigating this evolving digital economy landscape.

Originally published on Giottus Blog

10 Crypto Terminologies Every Enthusiast Should Know

Giottus Crypto Exchange — Sat, 11 Apr 2026 14:13:35 +0000

Since Bitcoin's emergence, cryptocurrencies have generated significant attention. Understanding common crypto terminology is essential for participating in community discussions on forums and social platforms. As the trader pool and market have expanded, specific crypto slang terms have become prevalent.

Here are 10 essential crypto terms every enthusiast should know.

1. HODL

This widely-recognized crypto slang originated from a misspelled "HOLD" in early Bitcoin forums. Many incorrectly believe it stands for "Hold On for Dear Life." The practice involves maintaining your cryptocurrency position despite short-term market fluctuations. During volatile periods, crypto enthusiasts encourage each other to HODL, avoiding panic-driven selling.

2. FUD

FUD represents "Fear, Uncertainty, and Doubt." This slang describes sentiment designed to pressure weaker investors into selling coins, potentially lowering prices and allowing less confident investors to reenter the market. Those spreading FUD are called "FUDsters."

3. FOMO

FOMO stands for "Fear Of Missing Out." This describes the anxiety felt when a cryptocurrency rallies after you've missed the opportunity to purchase it beforehand, often leading to buying at inflated prices.

4. Shill

A shill is someone who hypes and promotes altcoins primarily for personal benefit — essentially a scammer within cryptocurrency spaces. They encourage investments in coins to increase their own holdings. Traders are advised to "do your own research" (DYOR) given this marketing tactic.

5. Rekt

Short for "wrecked," this term describes situations where traders lose substantial money on trades.

6. Mooning

Used in phrases like "to the moon," this optimistic term suggests coins will experience dramatic price increases. Crypto observers use it to celebrate even minor price bumps, expressing hope their coin will skyrocket.

7. Whale

A whale represents an individual or group of investors holding sufficient cryptocurrency to influence coin values. Typically possessing 5% or more of Bitcoin's circulating supply, whales can dramatically impact prices through large sell-offs, then repurchase at lower prices afterward.

8. Pump and Dump

This market manipulation tactic involves coordinated groups collectively purchasing a chosen coin to inflate its price, then quickly selling for profits. The resulting sell-off causes prices to crash. These schemes are frequently coordinated through communication platforms like Slack or Telegram.

9. Sats

Short for "Satoshi," this term references Bitcoin's pseudonymous creator and represents the smallest Bitcoin unit: one hundred millionth of one bitcoin, recorded on the blockchain.

10. Flippening

Though never realized, this hypothetical scenario describes a future moment when Ethereum's market capitalization would surpass Bitcoin's, representing a significant shift in cryptocurrency hierarchy.

While building trust in emerging assets like Bitcoin requires commitment, engaging with crypto communities demands familiarity with specialized vocabulary. This glossary provides foundational knowledge for participating in cryptocurrency discussions.

Originally published on Giottus Blog

Crypto tax saving tips for Indian traders (2026 Guide)

Giottus Crypto Exchange — Wed, 08 Apr 2026 03:23:54 +0000

Home BlogCrypto tax saving tips for Indian traders (2026 Guide)

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       Author :[Sreenath Nair 
    ](/blog/author/sreenath-nair) |
    4 MIN READ 


     |  6th April, 2026






![Tax name on a mobile illustration](/blog/uploads/large_crypto_tax_2026_66a03058b5.webp)


    Cryptocurrency trading in India has grown rapidly and taxation plays a major role in determining the actual returns of investors.

Many traders focus only on profits and ignore taxes. This significantly reduces net gains. With proper planning and awareness, traders can better manage their tax liability while remaining compliant with regulations.

Understanding how crypto is taxed in India

In India, cryptocurrencies are classified as Virtual Digital Assets (VDAs). This means, profits from spot trading are taxed at a flat 30% and there is a 1% TDS on every sale transaction.

Unlike other assets, losses from spot crypto cannot be set off against other income. Because of this structure, frequent trading without planning can reduce overall capital and profitability.

Choose futures over spot for active trading

One effective way to optimise tax liabilities is to choose the right trading approach. For active traders, crypto futures can be more tax-efficient compared to spot trading. Futures trading is generally treated as business income. This means profits are taxed based on your income slab rather than a flat 30%. Additionally, there is no 1% TDS on futures trades. Losses can be adjusted depending on classification. This makes futures a better option for traders who trade frequently.

Importance of record keeping

Maintaining proper records is essential for both compliance and tax optimisation. Traders should keep detailed information about every transaction. Such as entry price, exit price, date, and profit or loss. This helps in accurate tax calculation and reduces the chances of errors during filing. It also makes it easier to track performance and identify areas for tax optimisation.

Using losses strategically

While spot crypto losses cannot be adjusted, futures trading allows more flexibility.

Futures losses can be set off against business income- Unused losses can be carried forward for up to 8 yearsThis helps reduce future tax liability and improves long-term returns.

*Also read: [Why most futures traders lose money (and how to avoid it)*](https://www.giottus.com/blog/why-most-futures-traders-lose-money-and-how-to-avoid-it)

Avoiding overtrading

Overtrading can increase tax burden, especially in spot trading. Because 1% TDS is deducted on every transaction. Frequent buying and selling can lead to capital getting locked and reduced liquidity. Instead, traders should focus on quality trades and avoid unnecessary transactions. A disciplined approach helps improve both profitability and tax efficiency.

Planning According to Income Slab

Since futures trading income is taxed based on income slabs, traders can benefit from planning their profits and withdrawals. Managing overall income levels can help stay within a favourable tax bracket. This reduces the effective tax rate. Trading requires awareness and careful financial planning.

Lower total income = lower tax rate- Higher income = higher tax rate

Using tools for better accuracy

Tax calculations can become complex, especially for active traders. Using tools like crypto tax calculators or portfolio trackers can simplify the process. These tools help estimate your tax liability and track your trades. They also make it easier to prepare reports, reducing errors and saving time.

Filing taxes correctly

Proper tax filing is crucial to avoid penalties or notices. Futures trading income should be reported under business income, typically using ITR-3. Traders must ensure that turnover is calculated correctly and all trades are accounted for. Filing accurate returns not only ensures compliance but also builds financial discipline.

Conclusion

Crypto tax saving is not about avoiding taxes but about managing them smartly. Understanding how taxes work helps traders make better decisions. This can improve overall returns over time. Keeping proper records and choosing the right trading method is important. Avoiding unnecessary trades can also make a big difference.
With Giottus, traders can access crypto markets in a structured and user-friendly way. This makes it easier to trade confidently while staying compliant with evolving regulations.

          Published on: 6th April, 2026 1:50 PM 

          Updated on: 6th April, 2026 2:51 PM 




          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Cryptocurrency
          ](/blog/tags/cryptocurrency)
          [
              #Investment
          ](/blog/tags/investment)
          [
              #Finance
          ](/blog/tags/finance)
          [
              #Trading
          ](/blog/tags/trading)





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FAQ's

1. What is the tax on cryptocurrency in India?

      In India, cryptocurrency is taxed as a Virtual Digital Asset (VDA). Profits from spot trading are taxed at a flat 30%, and a 1% TDS is deducted on every sell transaction.

2. Is crypto futures trading taxed differently in India?

      Yes, crypto futures trading is generally treated as business income. Profits are taxed based on your income tax slab, and there is no 1% TDS on futures trades.

3. Can I reduce crypto tax legally in India?

      Yes, you can reduce your effective tax by choosing futures trading, maintaining proper records, avoiding overtrading, and planning based on your income slab.

4. Can crypto losses be adjusted against profits in India?

      Spot crypto losses cannot be set off against other income. However, futures trading losses can be adjusted against business income and carried forward for up to 8 years.

5. Which ITR form is used for crypto trading in India?

      Crypto futures trading income is usually reported under business income using ITR-3. It is important to maintain accurate records and report all transactions correctly.

This article was originally published on Giottus Blog. Start your crypto investing journey at giottus.com.

How to refer and earn on Giottus: Step-by-step guide

Giottus Crypto Exchange — Wed, 08 Apr 2026 03:23:40 +0000

Home BlogHow to refer and earn on Giottus: Step-by-step guide

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       Author :[Team Giottus 
    ](/blog/author/team-giottus) |
    4 MIN READ 


     |  2nd April, 2026






![Giottus logo 2025](/blog/uploads/large_giottus_logo_993edb5b6d.jpg)


    At [Giottus](https://www.giottus.com/), we believe the best communities are built through trust. And, nothing builds trust better than a recommendation from someone you know. That is why our referral programme is designed to be simple, transparent, and rewarding.

Invite your friends using your unique referral link. When they sign up and begin trading, you unlock benefits. Let us turn our everyday conversations into meaningful rewards.

Here is a step-by-step guide to help you find and share your referral link with your friends.

1. Log in to your Giottus account

Open the Giottus app or website and sign in with your account details.

2. Go to the Profile section

Once you’re logged in, tap on your Profile icon to open your account options.

3. Open Earn and select Referral

Inside the Profile section, go to Earn and then tap on Referral. This is where your referral details will be available.

4. Copy your referral link or code

Giottus provides you with a personal referral code to share with friends and family.

5. Share it with your friend

Send the code or referral link through WhatsApp, Telegram, social media, or direct message.

6. Ask your friend to sign up using your link

Your friend should register on Giottus using your referral link or code so the referral is correctly linked to your account.

7. Your friend completes trading to become a qualified referral

Giottus says rewards are unlocked once the referred user becomes a qualified referral. Once your friend signs up and makes a trade, they become a qualified referral.

8. Receive your referral rewards

After your friend becomes a qualified referral, you can receive referral benefits based on the live offer available on Giottus.

Note: The exact reward may depend on the live campaign running at that time.

That completes the referral process. Share your referral link, invite your friends to get started on Giottus, and begin earning rewards as they trade. You can access your referral section anytime from the app to track your progress and rewards.

Always ensure you are visiting the correct URL (www.giottus.com). Check it carefully before clicking on any links.

[
    Download Giottus
    ![Play Store](https://www.giottus.com/images/comp2/footer/PlayStore_Footer_Icon.svg)
    ![App Store](https://www.giottus.com/images/comp2/footer/AppStore_Footer_Icon.svg)
](https://giottus.go.link?adj_t=1ne4fysf&amp;adj_campaign=How to Enable Location Access for Giottus)

          Published on: 2nd April, 2026 1:14 PM 

          Updated on: 2nd April, 2026 1:29 PM 




          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Cryptocurrency
          ](/blog/tags/cryptocurrency)
          [
              #Giottus
          ](/blog/tags/giottus)
          [
              #Investment
          ](/blog/tags/investment)





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FAQ's

1. How does the Giottus referral program work?

      Giottus allows users to invite friends using a unique referral link. When your friend signs up and completes a trade, you become eligible to earn referral rewards based on the active offer.

2. How can I find my Giottus referral link?

      You can find your referral link by logging into your account, going to the Profile section, selecting Earn, and then opening the Referral page.

3. When do I receive referral rewards on Giottus?

      You receive rewards once your referred friend signs up using your link and completes at least one trade, making them a qualified referral.

4. What rewards can I earn from the Giottus referral program?

      Rewards may include a share of your referral’s trading fees, coupons, or other benefits depending on the ongoing campaign.

5. Is there any limit to how many friends I can refer on Giottus?

      Giottus generally allows you to refer multiple friends, but rewards and conditions may vary based on the current referral program terms.

This article was originally published on Giottus Blog. Start your crypto investing journey at giottus.com.

OM to MANTRA Token Conversion on Giottus (1:4)

Giottus Crypto Exchange — Wed, 08 Apr 2026 03:23:21 +0000

Home BlogOM to MANTRA Token Conversion on Giottus (1:4)

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       Author :[Team Giottus 
    ](/blog/author/team-giottus) |
    4 MIN READ 


     |  7th April, 2026






![Giottus logo 2025](/blog/uploads/large_giottus_logo_993edb5b6d.jpg)


    [Giottus](https://www.giottus.com/) has announced support for the OM to MANTRA token conversion, ensuring a smooth transition for all users in line with the latest project updates.

All available OM holdings in user accounts will be automatically converted into MANTRA tokens at a conversion ratio of 1:4 (1 OM = 4 MANTRA). The conversion is scheduled for April 9, 2026, and will be executed seamlessly without requiring any action from users.

Timelines

Rebranding & Conversion: April 9, 2026 at 11:30 AM IST

What should users do

No action is required from users. All OM balances will be automatically updated to MANTRA once the conversion is complete.

This transition reflects the project’s move towards a more unified and scalable ecosystem, enhancing overall usability and long-term growth potential.

Giottus remains committed to keeping users informed and ensuring a seamless experience during such updates. For any queries, users can reach out to [email protected] or call 78248 78248.

          Published on: 7th April, 2026 3:21 PM 

          Updated on: 7th April, 2026 3:31 PM 




          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Cryptocurrency
          ](/blog/tags/cryptocurrency)
          [
              #Tokens
          ](/blog/tags/tokens)





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This article was originally published on Giottus Blog. Start your crypto investing journey at giottus.com.

How to Buy Cryptocurrency in India: A Beginner’s Guide to Giottus (2025)

Giottus Crypto Exchange — Thu, 02 Apr 2026 05:12:35 +0000

Home BlogHow to Buy Cryptocurrency in India: A Beginner’s Guide to Giottus (2025)

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       Author :[Sruthi Menon 
    ](/blog/author/sruthi-menon) |
    4 MIN READ 


     |  14th May, 2025






![How to buy cryptocurrency in India?](/blog/uploads/all_you_need_to_08_afbf99476a.png)


    Crypto adoption in India is growing rapidly, and more than 1.2 million Indians have already started their investment journey through Giottus, one of the most trusted crypto trading platforms in the country.

For beginners, navigating the crypto space can feel overwhelming, especially with complex interfaces, unclear regulations, and limited support. Giottus eliminates these barriers by offering a secure, easy-to-use platform tailored for Indian users.

With support in more than eight regional languages, over 350 listed crypto assets, a seamless onboarding process, and secured cold wallet storage, Giottus is the perfect gateway for anyone looking to buy cryptocurrency in India.

Understanding Cryptocurrency and India's Evolving Market

Cryptocurrency has gained widespread popularity across India. These digital currencies operate on decentralised blockchain networks, allowing users to transact without intermediaries. Bitcoin and Ethereum are widely recognised for their market dominance and utility.

While cryptocurrency is legal to own in India, it is not recognised as legal tender. The government has introduced taxation laws, including a 30% tax on profits and a 1% TDS on every transaction. As of 2025, the law also mandates crypto platforms to report transactions to tax authorities.

If you’re new to crypto, check out our beginner’s guide to cryptocurrency

Despite regulatory ambiguity, Indian investors continue to allocate capital to digital assets. Trading is no longer limited to metro cities — Tier 2 and Tier 3 regions are seeing growing adoption!

Setting Up Your Giottus Account

Getting started with Giottus is simple and takes only a few minutes.

Sign Up: Visit giottus.com or download the mobile app. Provide your name, email, and mobile number.- Verify: Confirm your email and mobile number using OTP verification.- Complete KYC: Upload your PAN and Aadhaar (or alternative ID like Passport, Voter ID, or Driving License). Giottus processes your KYC swiftly.- Link Bank Account: Add a bank account in your name for INR deposits and withdrawals.

Giottus offers two deposit methods:

Quick Deposit: Instant, zero-fee deposits though IMPS processed in under a few seconds.- Normal Deposit: IMPS / NEFT / UPI with a processing time of 2 hours between 10 AM and 11 PM.With a minimum deposit of just ₹100, beginners can start investing without hesitation.

**Also Read: *[Top 5 Cryptocurrencies to Buy in 2025*](https://www.giottus.com/blog/top-5-cryptocurrencies-to-buy-in-2025)

You can start investing from as little as ₹100. Giottus also offers advanced features:

SIP in Crypto: Schedule recurring investments- Staking: Earn passive income on select tokens- Crypto Baskets: Invest in theme-based portfolios- Fixed Rewards: Earn on idle holdingsGiottus empowers Indian investors to enter the crypto market with confidence. With a user-friendly app, strong security, 24x7 customer support, and support for multiple Indian languages, the platform is ideal for both beginners and experienced traders.

Start small, stay informed, and let Giottus support your journey into cryptocurrency — one trade at a time.

          Published on: 14th May, 2025 3:25 PM 

          Updated on: 19th December, 2025 3:22 PM 




          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Cryptocurrency
          ](/blog/tags/cryptocurrency)
          [
              #Blockchain
          ](/blog/tags/blockchain)
          [
              #Finance
          ](/blog/tags/finance)
          [
              #Technology
          ](/blog/tags/technology)
          [
              #Trading
          ](/blog/tags/trading)
          [
              #Investment
          ](/blog/tags/investment)





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FAQ's

1. is Giottus an Indian company?

      Yes, Giottus is an Indian company.

2. Who is the owner of Giottus?

       Giottus is owned by Vikram Subburaj and Arjun Vijay.

3. How do I withdraw money from Giottus?

      You withdraw money from Giottus by converting crypto to INR and transferring it to your bank or by sending crypto to an external wallet.

4. What is the safest coin platform?

       The safest coin platform is generally one that is regulated, secure and follows strong compliance standards.

5. Who is the best crypto trader in India?

       There is no single best crypto trader in India; opinions vary among experts and communities.

6. Is it safe to use Giottus?

       Yes, it is safe to use Giottus with proper security and KYC.

7. How much crypto can i withdraw without paying taxes?

       There is no fixed amount of crypto you can withdraw without paying taxes; profits are taxable regardless of withdrawal amount.

8. Can I trade Bitcoin on Giottus?

       Yes, you can trade Bitcoin on Giottus.

9. Does Giottus allow crypto withdrawal?

       Yes — Giottus allows crypto withdrawals to external wallets after KYC and security checks.

10. What is the maximum daily withdrawal limit?

      Maximum daily withdrawal limits vary by platform, KYC level and the specific asset  check your exchange account settings for exact limits.

This article was originally published on Giottus Blog. Start your crypto investing journey at giottus.com.

What is Cryptocurrency? A Complete Beginner’s Guide for Indian Investors

Giottus Crypto Exchange — Thu, 02 Apr 2026 05:11:41 +0000

Home BlogWhat is Cryptocurrency? A Complete Beginner’s Guide for Indian Investors

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       Author :[Sruthi Menon 
    ](/blog/author/sruthi-menon) |
    4 MIN READ 


     |  12th May, 2025






![cryptocurrency coins](/blog/uploads/crypto_wrap_09_c02d73e75c.png)


    Cryptocurrency is changing the way we think about money. Yet for many beginners, especially in India, it feels confusing and complex. In this guide, we'll break down what cryptocurrency is, how it works, why it matters, and how Indian investors can get started, using simple language and real-world examples.

What is Cryptocurrency?

Imagine being able to send money to someone across the world instantly without involving banks or paying high fees. That's the power of cryptocurrency. In simple words, cryptocurrency is digital money built on a technology called blockchain. It enables fast, secure, and transparent transactions without needing a middleman.

At its heart, crypto is designed to give people more control over their money. Bitcoin, the first and most famous cryptocurrency, was launched in 2009. Since then, thousands of cryptocurrencies have emerged, each with unique features and purposes.

How Does Cryptocurrency Work?

Cryptocurrencies run on blockchain technology — a digital ledger recording transactions chronologically and publicly.

Here’s a basic step-by-step explanation:

A person initiates a transaction (sending crypto to someone).- Computers across the world (nodes) verify the transaction.- Once verified, the transaction is recorded permanently on the blockchain.- The receiver gets the cryptocurrency in their digital wallet.This decentralized system ensures transparency and reduces the chance of fraud.

Types of Digital Assets

Cryptocurrencies today come in many different forms beyond just Bitcoin and Ethereum. Broadly, digital assets include Bitcoin (BTC), Ethereum (ETH), stablecoins like Tether (USDT), DeFi coins such as Uniswap (UNI), non-fungible tokens (NFTs) representing digital ownership, and even memecoins like Pepe (PEPE) and Dogecoin (DOGE).

Each type serves a different purpose, ranging from payments to decentralized finance, digital collectibles, and experimental currencies. As the industry continues to evolve, new categories and innovations are constantly emerging.

**Also Read: *[2025: Top 4 predictions for crypto*](https://www.giottus.com/blog/article-2025-top-4-predictions)

Blockchain Simplified

Think of blockchain as a giant shared notebook online. Every cryptocurrency transaction is written in this notebook. Everyone can see it, but no one can erase or change it. That makes it secure, transparent, and trustworthy—even without a central authority like a bank.

Cryptocurrency Regulations in India

India’s stance on cryptocurrency has evolved. While the government doesn't consider crypto legal tender (like the Rupee), trading and investing in cryptocurrencies is legal under regulation.

As of 2025, here are the key rules:

Crypto income is taxed at 30%- A 1% Tax Deducted at Source (TDS) applies to all crypto sell trades.- Know Your Customer (KYC) verification is mandatory for all crypto investors.Platforms like Giottus are fully compliant with Indian regulations, making it safer for users to trade.

Is Cryptocurrency Safe in India?

Blockchain itself is very secure, but individual investors must take precautions. Here’s how you can protect yourself:

Use registered and compliant exchanges like Giottus.- Enable Two-Factor Authentication (2FA) on your accounts.- Never share your login info or private keys with anyone.- Store large amounts of crypto in hardware wallets.- Beware of phishing scams and fake offers.Practising basic security hygiene can go a long way in protecting your assets.

**Also Read: *[How to Start Trading Cryptocurrency in India*](https://www.giottus.com/blog/article-how-to-begin-trading-giottus-crypto-platform)

Should You Invest in Cryptocurrency?

Cryptocurrency offers exciting opportunities but also carries risks. Here’s a quick look:
Pros:

High growth potential- Global access and liquidity- Innovation and new opportunities (like NFTs, DeFi) Cons:- High price volatility- Regulatory uncertaintyCheck out the top cryptocurrencies to watch in 2025

The key is to do thorough research, stay updated on regulations, and invest only what you can afford to lose.

Cryptocurrency is not just a trend — it represents a fundamental shift in how we think about money, ownership, and technology. For Indian investors, understanding the basics today can lead to smarter financial decisions tomorrow.

Ready to explore the crypto world? Create your free Giottus account today and trade safely with India’s trusted crypto platform!

          Published on: 12th May, 2025 2:23 PM 

          Updated on: 19th December, 2025 2:31 PM 




          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Cryptocurrency
          ](/blog/tags/cryptocurrency)
          [
              #Blockchain
          ](/blog/tags/blockchain)
          [
              #Finance
          ](/blog/tags/finance)
          [
              #Investment
          ](/blog/tags/investment)
          [
              #Trading
          ](/blog/tags/trading)
          [
              #Technology
          ](/blog/tags/technology)
          [
              #Web 3.0
          ](/blog/tags/web-3-0)





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FAQ's

1. What is cryptocurrency?

      Cryptocurrency is digital money built on blockchain technology that allows fast, secure, peer-to-peer transactions without the need for banks or intermediaries.

2. How does cryptocurrency work?

      Crypto transactions are recorded on a blockchain — a shared digital ledger — where nodes (computers) verify and permanently record each trade to ensure transparency and security.

3. What is blockchain in simple terms?

      Blockchain is like a shared online notebook where every transaction is written in blocks linked together, making data transparent, secure, and nearly impossible to change retrospectively.

4. Are cryptocurrencies legal in India?

      Yes — Indian investors can buy, sell, and hold cryptocurrencies, but they are not recognised as legal tender like the rupee.

5. How is cryptocurrency taxed in India?

      In India, crypto gains are taxed at 30%, and a 1% Tax Deducted at Source (TDS) applies to crypto sell trades, with mandatory KYC for all investors.

6. Is investing in cryptocurrency safe?

      Blockchain technology itself is secure, but individual risk remains due to market volatility, scams, and exchange security — so using compliant exchanges and security best practices is key.

7. What’s the difference between Bitcoin and other cryptocurrencies?

      Bitcoin was the first cryptocurrency and remains the most well-known, while other cryptos like Ethereum or stablecoins can offer different functions, such as smart contracts or price stability.

8. Do I need a wallet to use cryptocurrency?

      Yes — you need a digital wallet to store, send, and receive your cryptocurrencies securely, either on an exchange or a private wallet.

9. What are the risks of investing in crypto?

      Risks include high price volatility, regulatory uncertainty, and potential scams. Only invest what you can afford to lose and follow security best practices.

10. How can an Indian beginner safely start with cryptocurrency?

      Start by learning the basics, choose a regulated exchange with strong security and KYC compliance, invest small amounts, and use best-practice security steps like two-factor authentication.

This article was originally published on Giottus Blog. Start your crypto investing journey at giottus.com.

What is Crypto TDS in India? A Simple Guide for 2026

Giottus Crypto Exchange — Thu, 02 Apr 2026 03:50:50 +0000

What is Crypto TDS in India? A Simple Guide for 2026

If you've traded crypto in India, you've seen the 1% TDS deducted on every transaction. But what exactly is it, how does it work, and can you claim it back? Here's a clear breakdown.

What is Crypto TDS?

Since July 1, 2022, Section 194S of the Income Tax Act requires a 1% Tax Deducted at Source (TDS) on all cryptocurrency transactions exceeding ₹10,000 per year (₹50,000 for specified persons). This applies to every sell, swap, or transfer of Virtual Digital Assets (VDAs).

How TDS Works on Giottus

When you sell crypto on Giottus, the platform automatically deducts 1% TDS from the transaction value and deposits it with the government on your behalf. You don't need to do anything — it's handled automatically.

Example: You sell 0.1 BTC worth ₹5,00,000. Giottus deducts ₹5,000 as TDS. You receive ₹4,95,000 (minus trading fees).

Can You Claim TDS Back?

Yes. The TDS appears as a tax credit in your Form 26AS. When you file your ITR, this TDS is adjusted against your total tax liability. If your total tax is less than the TDS deducted, you get a refund.

Key Points to Remember

TDS is not an additional tax — it's an advance collection of your income tax
You can track all TDS deductions in your Giottus account under Tax Reports
FIU-IND registered exchanges like Giottus ensure compliant TDS deduction
Always file your ITR to claim the TDS credit

Bottom Line

Crypto TDS is straightforward once you understand it. Trade on an FIU-IND registered platform like Giottus, and your TDS compliance is handled automatically. Focus on trading — we handle the tax paperwork.

Have questions about crypto taxes? Visit giottus.com or reach out to our support team.

Originally published on Giottus Blog