DEV Community: Giottus Crypto Exchange

India's largest funded wallet challenge

Giottus Crypto Exchange — Thu, 03 Sep 2026 22:33:25 +0000

Home BlogIndia's largest funded wallet challenge

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       Author :[Team Giottus 
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    4 MIN READ 


     |  3rd September, 2026






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

How to calculate crypto tax in India (with Examples)

Giottus Crypto Exchange — Tue, 01 Sep 2026 13:03:26 +0000

Home BlogHow to calculate crypto tax in India (with Examples)

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    4 MIN READ 


     |  31st August, 2026






![No image](/blog/uploads/large_calculate_crypto_tax_2026_e5c378bf2f.png)


    Crypto taxation can look complicated, especially if you have bought and sold several assets during the year. The basic calculation, however, is easier to understand once you know which amount is taxable.

In India, cryptocurrencies and certain other digital assets are covered under the tax rules for Virtual Digital Assets (VDAs). Income from the transfer of a VDA is taxed at 30% under Section 115BBH, along with applicable surcharge and a 4% health and education cess.

Here is a simple guide to understanding how crypto tax is calculated.

What part of your crypto transaction is taxed?

The 30% tax is applied to the income or profit from the transfer, not automatically to the entire amount you receive from selling the crypto.

A simple calculation is:

Crypto profit = Selling price - Cost of acquisition

Suppose you buy Bitcoin for ₹1,00,000 and later sell it for ₹1,40,000.

Your profit is:

₹1,40,000 - ₹1,00,000 = ₹40,000

The basic tax at 30% would be:

₹40,000 × 30% = ₹12,000

A 4% cess is then applicable on the tax:

₹12,000 × 4% = ₹480

The total in this simplified example becomes ₹12,480, before considering any applicable surcharge or available tax credits.

Example 1: Selling Bitcoin at a profit

Assume you purchased Bitcoin worth ₹2,00,000 and later sold it for ₹2,75,000.

Your gain is:

₹2,75,000 - ₹2,00,000 = ₹75,000

Tax at 30%:

₹75,000 × 30% = ₹22,500

Cess at 4%:

₹22,500 × 4% = ₹900

Total tax in this simplified example:

₹23,400

The actual final tax liability can differ depending on surcharge, TDS credits and the taxpayer's overall circumstances.

What expenses can you deduct?

This is an important difference between crypto and several other investments.

Under Section 115BBH, only the cost of acquisition is generally allowed while calculating income from the transfer of a VDA. Other expenditure or allowances cannot generally be deducted from VDA income.

Investors should therefore maintain clear records showing when an asset was purchased, how much was paid and when it was sold.

What happens if you make a loss?

Crypto losses receive different tax treatment. A loss from the transfer of a VDA cannot be set off against income calculated under other provisions. It also cannot be carried forward to future assessment years.

For example, suppose you make a ₹40,000 gain on one crypto transaction and incur a ₹20,000 loss on another VDA transaction.

You should not simply assume that your taxable crypto income becomes ₹20,000. The VDA rules restrict the ability to set off such losses, so each transaction needs to be reported correctly.

This is one reason keeping transaction-wise records is important.

Also read: Crypto tax saving tips for Indian traders (2026 Guide)

What is the 1% TDS on crypto?

Tax Deducted at Source, or TDS, is another part of India's crypto tax framework.

Section 194S provides for 1% TDS on the consideration paid for the transfer of a VDA, subject to prescribed thresholds. For specified persons, the threshold is ₹50,000 during a financial year, while in other cases it is ₹10,000.

Importantly, TDS is calculated on the transaction value, not on your profit.

Suppose you sell crypto worth ₹2,00,000.

The applicable 1% TDS would be:

₹2,00,000 × 1% = ₹2,000

This ₹2,000 is not another 1% tax on top of your final tax liability. It is tax deducted in advance and can generally be claimed as credit while filing your income tax return, subject to it being correctly reflected in your tax records.

Example 2: Understanding tax and TDS together

Suppose you purchased a crypto asset for ₹1,50,000 and later sold it for ₹2,00,000.

Your profit is:

₹50,000

Basic tax at 30%:

₹15,000

Cess at 4%:

₹600

That gives ₹15,600 in this simplified calculation.

If ₹2,000 was already deducted as TDS on the ₹2,00,000 sale value, that TDS can be considered as a tax credit when determining the remaining amount payable, subject to your tax records and overall return.

This distinction is important because TDS and the 30% VDA tax are not the same thing.

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Is crypto-to-crypto trading taxable?

Selling crypto for INR is not the only transaction that can attract VDA tax rules. Exchanging one VDA for another can also constitute a transfer. The tax provisions specifically recognise situations where consideration for a VDA is paid wholly or partly in another VDA.

For example, exchanging Bitcoin for Ethereum may therefore require the value of the Bitcoin disposed of to be considered when calculating the gain.

This can make frequent trading more complicated because investors may need records for every transfer, not just withdrawals to their bank account.

How do you report crypto income in your ITR?

The Income Tax Department provides a dedicated Schedule VDA for reporting income from Virtual Digital Assets. For AY 2026-27, VDA transactions continue to be reported transaction-wise through the applicable return schedules.

Keep records of your purchase date, purchase value, sale or transfer date, consideration received and TDS deducted. Exchange transaction histories can help when preparing these details.

Conclusion

Calculating crypto tax becomes easier when you separate three numbers: your purchase cost, your sale value and your taxable gain.

Income from VDA transfers is generally taxed at 30%, plus applicable surcharge and 4% cess. Only the cost of acquisition is generally allowed as a deduction, while VDA losses face strict set-off restrictions. A separate 1% TDS may also apply to the transaction value and can serve as a tax credit.

If you trade frequently or have transactions across several wallets and exchanges, maintaining accurate records throughout the year can make ITR filing much easier.

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: 31st August, 2026 8:21 AM 

          Updated on: 31st August, 2026 2:29 PM 




          [
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          [
              #Crypto Tax
          ](/blog/tags/crypto-tax)
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FAQ's

1. How is crypto taxed in India?

        Income from the transfer of cryptocurrencies and other Virtual Digital Assets (VDAs) is generally taxed at 30% under Section 115BBH, along with applicable surcharge and 4% health and education cess.

2. Is 1% TDS applicable to crypto transactions in India?

        Yes. Section 194S provides for 1% TDS on the consideration paid for the transfer of a VDA, subject to applicable thresholds and conditions. TDS is calculated on the transaction value, not the profit.

3. Can crypto losses be set off against profits in India?

        The VDA tax rules place strict restrictions on losses. A loss from the transfer of a VDA cannot be set off against other income, and such losses cannot be carried forward to future assessment years.

4. Is crypto-to-crypto trading taxable in India?

        Yes. Exchanging one cryptocurrency for another can constitute a transfer of a VDA and may therefore create a taxable event. Investors should maintain transaction-wise records to calculate gains correctly.

5. How do I report crypto income while filing ITR in India?

        Crypto and other VDA income is reported through the applicable Schedule VDA in the income tax return. Keep records of purchase costs, sale or transfer values, transaction dates and any TDS deducted.

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

What is the RSI indicator in crypto trading?

Giottus Crypto Exchange — Thu, 27 Aug 2026 22:31:46 +0000

Home BlogWhat is the RSI indicator in crypto trading?

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


     |  24th August, 2026






![RSI indicator in crypto trading showing overbought and oversold levels on a cryptocurrency price chart](/blog/uploads/RSI_indicator_in_crypto_dc39f1a4ef.png)


    Crypto prices can change quickly. A coin may rise sharply in a few hours and then lose part of those gains just as fast. For traders, understanding the strength behind these price movements can be useful when deciding whether to enter, exit, or simply wait.

One of the most commonly used technical indicators for measuring market momentum is the Relative Strength Index, or RSI.

RSI helps traders understand whether buying or selling has been particularly strong over a recent period. It is simple to read, which makes it popular among beginners as well as experienced traders.

What is RSI?

RSI stands for Relative Strength Index. It is a momentum indicator that measures the speed and strength of recent price movements.

The indicator moves on a scale between 0 and 100 and usually appears as a line below the main price chart.

The standard RSI setting uses 14 periods. The meaning of a period depends on the chart being viewed. On a daily Bitcoin chart, for example, RSI would calculate momentum using the previous 14 daily candles. On a one-hour chart, it would use the previous 14 hourly candles.

RSI compares recent price gains with recent price losses and converts that information into a number between 0 and 100.

How do you read RSI?

There are two important RSI levels that traders commonly watch.

Above 70: Overbought

An RSI reading above 70 suggests that the asset has experienced strong buying momentum and may be considered overbought.

Below 30: Oversold

An RSI reading below 30 suggests that the asset has experienced strong selling momentum and may be considered oversold.

An RSI between 30 and 70 is generally considered a more neutral range.

These levels are useful, but they should not be treated as automatic trading signals.

What does overbought mean?

Suppose Bitcoin rises quickly over several trading sessions and its RSI reaches 75. This tells traders that recent buying momentum has been strong. Some traders may begin watching for signs that the rally is losing strength. However, overbought does not necessarily mean the price is about to fall.

During a strong bull market, RSI can remain above 70 while the price continues moving higher. Selling an asset simply because its RSI crosses 70 can therefore result in exiting a strong trend too early.

Traders usually look for additional information from price action, resistance levels and trading volume.

What does oversold mean?

An RSI below 30 indicates strong recent selling pressure. Imagine Ethereum falls rapidly and its RSI reaches 25. Traders may start watching for signs that selling momentum is weakening and whether the price is approaching an important support level. But oversold does not automatically mean the price will recover.

During a strong downtrend, RSI can remain below 30 while prices continue falling. Traders should therefore avoid treating an oversold reading as a guaranteed buying opportunity.

What is RSI divergence?

RSI can also help traders identify situations where momentum and price are moving differently. This is known as divergence.

A bullish divergence occurs when the price makes a lower low while RSI forms a higher low. This may indicate that selling momentum is becoming weaker, even though the price has moved lower.

A bearish divergence happens when the price makes a higher high while RSI forms a lower high. This may suggest that buying momentum is weakening.

Divergence can provide useful information, but it does not guarantee a reversal. Markets can continue moving in the same direction even after divergence appears.

How does RSI behave during trends?

RSI should also be viewed in the context of the broader market trend.

During a strong uptrend, RSI may regularly move above 70 and remain elevated for longer periods. It may also find support around 40 or 50 instead of falling below 30.

During a strong downtrend, RSI may remain in the lower part of its range for longer periods.

This is why experienced traders do not look only at whether RSI has crossed 30 or 70. They also consider the direction of the overall market.

Can RSI be used for Futures trading?

RSI can be used for both Spot and Futures trading.

A Futures trader, for example, may notice that RSI is approaching oversold territory while the price is also near an established support level. This could encourage the trader to watch for further confirmation before considering a Long position.

Similarly, an overbought RSI near resistance may encourage a trader to watch for signs of weakening momentum before considering a Short position.

However, Futures trading involves additional risk, particularly when leverage is used. RSI should never be the only reason for opening a position.

Common mistakes when using RSI

One of the biggest mistakes beginners make is assuming that RSI above 70 means sell and RSI below 30 means buy.

Markets are rarely that simple.

Another mistake is using RSI without considering support and resistance. A reading becomes more meaningful when it is viewed alongside the actual price chart.

Traders should also avoid relying on a single indicator. RSI may work better when combined with price action, volume, moving averages or other technical tools.

Most importantly, no RSI signal can predict the market with certainty.

Is RSI useful for beginners?

RSI can be a useful starting point for beginners because it is relatively easy to understand.

Instead of trying to predict exactly where Bitcoin or another crypto will move next, RSI allows traders to ask a simpler question: How strong is the current momentum?

That information can then be combined with other factors before making a trading decision.

Conclusion

The Relative Strength Index is a popular technical indicator used to measure momentum in crypto markets.

RSI moves between 0 and 100. Readings above 70 are generally considered overbought, while readings below 30 are considered oversold. Traders can also use RSI to identify divergence and changes in market momentum.

However, RSI is not a standalone trading strategy. An asset can remain overbought or oversold for longer than expected, particularly during strong trends.

The best approach is to use RSI alongside price action, support and resistance, market trends and proper risk management. For beginners, understanding this limitation is just as important as learning how to read the indicator itself.

          Published on: 24th August, 2026 3:00 PM 

          Updated on: 24th August, 2026 3:11 PM 




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FAQ's

1. What is RSI in crypto trading?

        RSI, or Relative Strength Index, is a technical indicator that measures the momentum of recent crypto price movements. It ranges from 0 to 100 and helps traders identify periods of strong buying or selling activity.

2. What does an RSI above 70 mean in crypto?

        An RSI above 70 is generally considered overbought, meaning the crypto has experienced strong buying momentum. However, it does not necessarily mean the price will fall, as RSI can remain above 70 during a strong uptrend.

3. What does an RSI below 30 mean?

        An RSI below 30 is generally considered oversold, indicating strong recent selling momentum. Traders may watch for a possible change in momentum, but an oversold RSI does not guarantee that the price will recover.

4. What is the best RSI setting for crypto trading?

        The standard RSI setting is 14 periods, and it is widely used across crypto markets. The period adjusts to the timeframe being analysed, such as 14 hourly candles on a one-hour chart or 14 daily candles on a daily chart.

5. What is RSI divergence in crypto?

        RSI divergence occurs when the direction of an asset&#x27;s price differs from the direction of its RSI. Bullish divergence may indicate weakening selling momentum, while bearish divergence may indicate weakening buying momentum.

6. Can RSI be used for Bitcoin and crypto Futures trading?

        Yes. RSI can be used for Bitcoin, altcoins, Spot markets and Futures trading. Traders often combine RSI with support and resistance, price action, volume and other indicators before making trading decisions.

7. Is RSI a reliable indicator for crypto trading?

        RSI can provide useful information about market momentum, but it cannot reliably predict price movements on its own. Crypto traders should use RSI alongside other technical indicators, market trends and appropriate risk management.

8. Is RSI suitable for beginners in crypto trading?

        Yes. RSI is one of the easier technical indicators for beginners to understand because it uses a simple 0-to-100 scale. However, beginners should avoid treating RSI readings above 70 as automatic sell signals or readings below 30 as automatic buy signals.

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

Hot wallet vs cold wallet: Which is safer?

Giottus Crypto Exchange — Thu, 27 Aug 2026 22:31:40 +0000

Home BlogHot wallet vs cold wallet: Which is safer?

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


     |  18th August, 2026






![Hot wallet vs cold wallet comparison explaining crypto storage, private keys, security, benefits and risks for crypto investors.](/blog/uploads/large_Hot_Wallets_vs_Cold_Wallets_74b03f264b.jpg)


    If you have started investing in crypto, you have probably heard the saying, ‘Not your keys, not your coins.’ It highlights one of the most important aspects of crypto investing, which is how you store your digital assets.

Unlike money in a bank account, cryptos are stored in digital wallets. These wallets don't actually hold your coins. Instead, they store the private keys that give you access to your crypto on the blockchain.

There are two main types of crypto wallets: hot wallets and cold wallets. Both have their advantages and disadvantages. Choosing the right one depends on how you use your crypto and how much security you need.

What is a crypto wallet?

A crypto wallet is a software application or physical device that stores the private keys needed to access your digital assets.

Every wallet has two important components:

**Public key: **This works like an account number. You can safely share it with others to receive crypto.

**Private key: **This proves ownership of your crypto. Anyone who has access to your private key can access your funds. It should always be kept confidential.

Keeping your private key secure is one of the most important responsibilities of every crypto investor.

What is a hot wallet?

A hot wallet is a crypto wallet that is connected to the internet.

Hot wallets are available as mobile apps, desktop applications, browser extensions, and exchange wallets. Because they remain online, they allow users to access their crypto quickly whenever they need it.

Most beginners start with a hot wallet because it is simple to set up and easy to use.

Advantages of a hot wallet

Hot wallets are popular for several reasons.

Easy access: You can send, receive, or trade cryptos within seconds.

Convenient for regular trading: If you buy and sell crypto frequently, a hot wallet makes transactions quick and simple.

Supports many cryptos: Most hot wallets support multiple cryptos and blockchain networks in a single application.

Risks of a hot wallet

Since hot wallets are connected to the internet, they are more exposed to cyber threats.

Hackers may attempt to steal private keys through phishing websites, fake wallet apps, malware, or social engineering attacks.

However, this does not mean hot wallets are unsafe. Reputable wallet providers include several security features, but users must also follow good security practices.

Using strong passwords, enabling two-factor authentication, and avoiding suspicious websites can significantly improve wallet security.

Also read: Best Crypto Wallets in India 2026: Complete Guide to Hot Wallets, Cold Wallets & Exchange Custody

What is a cold wallet?

A cold wallet stores your private keys offline.

Since it is not continuously connected to the internet, it is much harder for hackers to gain remote access.

The most common type of cold wallet is a hardware wallet. It looks similar to a small USB device and stores your private keys securely.

When you want to send crypto, you connect the hardware wallet to your computer or mobile phone, approve the transaction, and disconnect it once the transaction is complete.

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Advantages of a cold wallet

Cold wallets are widely used by investors who plan to hold crypto for the long term.

Better protection: Keeping private keys offline greatly reduces the risk of online attacks.

Suitable for large holdings: Many long-term investors store most of their crypto in a cold wallet instead of keeping everything online.

Greater control: You remain in complete control of your private keys without depending on an online platform.

Risks of a cold wallet

Cold wallets also have limitations.

If the device is lost, damaged, or stolen and the recovery phrase is unavailable, the crypto cannot be recovered.

The recovery phrase should always be stored safely in an offline location. Anyone with access to it can restore the wallet and gain access to the funds.

Cold wallets are also less convenient for users who trade every day because they require additional steps before each transaction.

Hot wallet vs cold wallet

The biggest difference between the two is internet connectivity.

A hot wallet remains connected to the internet and is designed for convenience. It allows users to access their crypto quickly but has greater exposure to online threats.

A cold wallet keeps private keys offline. This provides stronger protection but makes it less convenient for frequent transactions.

Both wallets serve different purposes, and many investors use them together.

Which wallet is safer?

From a security perspective, cold wallets are generally considered safer because private keys remain offline.

However, the safest wallet also depends on how you use crypto.

If you trade regularly, using only a cold wallet may become inconvenient because you need to connect the device each time you want to move funds.

On the other hand, keeping your entire portfolio in a hot wallet may expose more of your holdings to online risks.

Many experienced investors keep a small amount of crypto in a hot wallet for daily transactions while storing the majority of their holdings in a cold wallet.

Best practices for wallet security

Regardless of which wallet you choose, following basic security practices is essential.

Never share your private key or recovery phrase.- Enable two-factor authentication wherever available.- Download wallet applications only from official websites or app stores.- Verify wallet addresses carefully before sending crypto.- Beware of phishing emails, fake websites, and scam messages.- Store your recovery phrase securely in an offline location.- Keep wallet software updated to receive the latest security improvements.These simple steps can help reduce the risk of losing your digital assets.

Which wallet should beginners use?

For someone new to crypto, starting with a trusted exchange wallet or a reputable hot wallet is often the easiest option.

It allows you to learn how crypto transactions work without purchasing additional hardware.

As your investments grow, you may decide to move a larger portion of your holdings to a cold wallet for additional protection.

Using both types of wallets is a common approach among experienced investors because it provides a balance between convenience and security.

Conclusion

Hot wallets and cold wallets both play an important role in crypto storage.

A hot wallet offers speed and convenience, making it suitable for trading and everyday transactions. A cold wallet provides stronger protection by keeping private keys offline, making it a better choice for long-term storage.

Neither wallet is perfect for every situation. The right choice depends on how often you use your crypto, how much you own, and the level of security you need.

For many investors, using a hot wallet for regular transactions and a cold wallet for long-term holdings provides the right balance. Understanding the differences between the two is an important step towards keeping your crypto safe.

          Published on: 18th August, 2026 8:39 AM 

          Updated on: 21st August, 2026 3:20 PM 




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FAQ's

1. What is the main difference between a hot wallet and a cold wallet?

        A hot wallet is connected to the internet and provides quick access to crypto, while a cold wallet stores private keys offline. Hot wallets focus on convenience, while cold wallets generally provide stronger protection against online threats.

2. Is a cold wallet safer than a hot wallet?

        Cold wallets are generally considered safer for long-term crypto storage because private keys remain offline. However, users must securely protect the device and recovery phrase to avoid losing access to their assets.

3. Are hot wallets safe for storing crypto?

        Hot wallets can be suitable for regular transactions when proper security measures are followed. Users should enable two-factor authentication, use strong passwords, avoid suspicious links and never share private keys or recovery phrases.

4. Which crypto wallet is better for beginners?

        A reputable hot wallet or trusted exchange wallet can be easier for beginners because it provides convenient access to buying, selling and transferring crypto. As users become more experienced, they may consider cold storage for assets intended to be held for longer periods.

5. Can I use both a hot wallet and a cold wallet?

        Yes. Many crypto users use both. A hot wallet can be used for assets needed for regular trading or transactions, while a cold wallet can be used for longer-term storage.

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

Giottus Announces Delisting of Select Tokens

Giottus Crypto Exchange — Wed, 26 Aug 2026 22:31:13 +0000

Home BlogGiottus Announces Delisting of Select Tokens

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       Author :[Team Giottus 
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    4 MIN READ 


     |  11th August, 2026






![Giottus Logo 2026](/blog/uploads/large_blog_images_7_db6b3c7d48.jpg)


    [Giottus](https://www.giottus.com/) will be delisting multiple tokens as part of its ongoing efforts to maintain a secure, compliant, and efficient trading environment.

The tokens affected in this update are:

XCAD Network (XCAD)
Verasity (VRA)
SWEAT (SWEAT)
Radiant Capital (RDNT)
Hifi Finance (HIFI)
Myria (MYRIA)
Carbon Browser (CSIX)
Zeebu (ZBU)
The Root Network (ROOT)
Solar (SXP)
Neutron (NTRN)

Crypto withdrawals are currently enabled for XCAD, VRA, SWEAT, RDNT, HIFI, MYRIA, CSIX, ZBU, and ROOT.

Withdrawals are not enabled for Solar (SXP) and Neutron (NTRN).

Scheduled Timeline

Crypto withdrawals, trading for all affected token pairs, and open order cancellation will take place on 18 August 2026 at 5:00 PM IST. Users holding tokens with withdrawals enabled should withdraw their assets before this deadline if they wish to move them out of the Giottus platform.

On 19 August 2026 at 3:00 PM IST, any remaining holdings valued above ₹1 will be automatically converted to INR, and the affected tokens will be officially delisted from Giottus.

What Should Users Do?

If you wish to continue holding any of the affected tokens, please withdraw them before 18 August 2026, 5:00 PM IST, provided withdrawals are enabled for that token.

No action is required if you choose not to withdraw. Any remaining balance of more than ₹1 will be automatically converted to INR as part of the delisting process.

Please note that Solar (SXP) and Neutron (NTRN) do not support withdrawals. Eligible holdings of these tokens will also be automatically converted to INR during the delisting process.

This update reflects Giottus' continued commitment to maintaining a high-quality, secure, and compliant digital asset marketplace.

For any queries or assistance, please contact us at [email protected] or call +91-78248 78248.

          Published on: 11th August, 2026 1:48 PM 

          Updated on: 21st August, 2026 3:15 PM 




          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Investment
          ](/blog/tags/investment)
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          ](/blog/tags/trading)
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              #Tokens
          ](/blog/tags/tokens)





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FAQ's

1. Which tokens are being delisted by Giottus?

        Giottus will delist the following tokens: XCAD Network (XCAD), Verasity (VRA), SWEAT (SWEAT), Radiant Capital (RDNT), Hifi Finance (HIFI), Myria (MYRIA), Carbon Browser (CSIX), Zeebu (ZBU), The Root Network (ROOT), Solar (SXP), and Neutron (NTRN).

2. What is the last date to withdraw the affected tokens?

        Crypto withdrawals, trading, and open order cancellations for the affected tokens will end on 18 August 2026 at 5:00 PM IST. Users should withdraw supported tokens before this deadline if they wish to hold them outside the Giottus platform.

3. What happens if I do not withdraw my tokens before the deadline?

        If you do not withdraw your eligible tokens, any remaining balance worth more than ₹1 will be automatically converted to INR on 19 August 2026 at 3:00 PM IST as part of the delisting process.

4. Can I withdraw Solar (SXP) and Neutron (NTRN)?

        No. Withdrawals are not available for Solar (SXP) and Neutron (NTRN). Eligible holdings of these tokens will be automatically converted to INR during the delisting process.

5. Why is Giottus delisting these cryptocurrencies?

        Giottus periodically reviews listed assets to maintain a secure, compliant, and efficient trading environment. Token delistings are part of the exchange&#x27;s ongoing efforts to maintain a high-quality digital asset marketplace for its users.

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

How to sell crypto in India: A step-by-step guide

Giottus Crypto Exchange — Wed, 26 Aug 2026 22:30:57 +0000

Home BlogHow to sell crypto in India: A step-by-step guide

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


     |  26th August, 2026






![Candle stick icons with sell text illustration](/blog/uploads/sell_crypto_in_india_2026_38bf35f4bc.png)


    Buying crypto is only one part of the process. At some point, you may want to sell your holdings and convert them back into Indian Rupees.

You may be booking profits, reducing exposure, moving money to your bank account, or simply rebalancing your portfolio. Whatever the reason, the process is fairly simple when you use a trusted crypto exchange.

This guide explains how to sell crypto in India step by step, what you should check before placing an order, and what happens after the sale is completed.

Can you sell crypto for INR in India?

Yes.

Indian users can sell supported cryptocurrencies through a crypto exchange and receive the value in INR.

The exchange acts as the marketplace where buyers and sellers place orders. Once your sell order is matched and executed, the corresponding INR value is credited to your exchange wallet.

You can then use that INR to buy another crypto asset or withdraw it to your linked bank account.

The exact process may vary slightly between platforms, but the basic steps remain similar.

What do you need before selling crypto?

Before placing a sell order, make sure you have:

A verified crypto exchange account- Completed KYC- Crypto available in your exchange wallet- A linked bank account if you plan to withdraw INR- Access to your account security methods such as OTP or two-factor authenticationIf your crypto is stored in another wallet, you may need to deposit it into the exchange before selling.

Step 1: Log in to your Giottus account

Start by logging in to your Giottus account using your registered details.

Complete any required OTP or security verification.

Once you are logged in, check your crypto wallet balance to confirm that the asset you want to sell is available in your account.

Step 2: Transfer crypto to Giottus if required

If your crypto is already in your Giottus wallet, you can move directly to the trading section.

If it is stored in a private wallet or another exchange, you will first need to transfer it to Giottus.

Choose the correct crypto and blockchain network before making the transfer.

For example, if you are depositing USDT, check which networks are supported and make sure the same network is selected on both the sending and receiving platforms.

Using the wrong network or address can result in loss of funds.

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Step 3: Choose the crypto you want to sell

Go to the Spot trading section and search for the crypto you want to sell.

You may see different trading pairs depending on the asset.

If an INR pair is available, you can sell the crypto directly against INR. Otherwise, you may need to trade it through another supported pair before converting the value into INR.

Check the trading pair carefully before placing your order.

Step 4: Choose a market or limit order

You will usually have more than one order type available.

A market order sells your crypto at the best available price in the order book. It is generally used when you want the trade to execute quickly.

A limit order allows you to choose the price at which you want to sell. The order will remain open until the market reaches your selected price and enough buyers are available.

For example, if Bitcoin is trading at ₹60 lakh and you want to sell only if it reaches ₹61 lakh, you can place a limit sell order at ₹61 lakh.

The order may not execute if the market does not reach that price.

Step 5: Enter the amount you want to sell

You do not always need to sell your entire holding.

Most exchanges allow you to sell a portion of your crypto.

You may enter the number of coins or tokens you want to sell, or choose the percentage of your holdings depending on the trading interface.

Before confirming the order, review the estimated value you will receive.

Step 6: Review and place the order

Before tapping Sell, check the following:

Crypto- Trading pair- Quantity- Order type- Selling price- Estimated value- Applicable trading feesThis final review is important, especially during volatile markets when prices can change quickly.

Once everything looks correct, place the sell order.

Also read: How to Buy Bitcoin for the First Time

Step 7: Check whether the order is completed

A market order is usually executed quickly if there is sufficient liquidity.

A limit order may remain under Open Orders until the selected price is reached.

Once the order is fully executed, the crypto amount will be deducted from your wallet and the corresponding asset or INR will be credited to your account.

You can check the trade history to confirm the transaction.

Step 8: Withdraw INR to your bank account

If you have sold your crypto for INR and want to move the money out of the exchange, go to the INR withdrawal section.

Select your registered bank account, enter the amount you want to withdraw, and complete the required verification.

Once the withdrawal is processed, the money will be transferred to your bank account.

Processing times can vary depending on banking systems and platform checks.

Things to check before selling crypto

Crypto markets can be volatile, so the price you see can move rapidly.

Check liquidity before placing large orders. A market order in a low-liquidity asset may execute at several different prices.

You should also understand trading fees and review your transaction history regularly.

Tax is another important consideration. Selling, swapping, or otherwise disposing of crypto may have tax implications in India. Keep proper records of your purchase price, sale value, fees, and transaction dates.

If you are unsure about tax reporting, consider consulting a qualified tax professional.

Should you sell all your crypto at once?

That depends on your investment plan.

Some investors sell their entire position after reaching a target. Others sell gradually.

For example, an investor may sell a portion after a strong price rise and retain the remaining amount for a longer period.

There is no single method that works for everyone. Your decision should depend on your financial goals, risk tolerance, and reason for investing.

Avoid making decisions purely because of fear or short-term market excitement.

Conclusion

Selling crypto in India is a straightforward process when you understand the steps.

You first need to ensure that the crypto is available in your exchange wallet. You can then choose the correct trading pair, decide between a market or limit order, enter the amount, and place your sell order.

After the trade is completed, you can keep the INR in your exchange account or withdraw it to your registered bank account.

The most important part is to check every detail before placing the order. Pay attention to the trading pair, price, network, fees, and tax implications.

A disciplined approach can help you avoid simple mistakes and manage your crypto transactions more effectively.

          Published on: 26th August, 2026 9:50 AM 

          Updated on: 26th August, 2026 2:34 PM 




          [
              #Bitcoin
          ](/blog/tags/bitcoin)
          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Digital Assets
          ](/blog/tags/digital-assets)
          [
              #Giottus
          ](/blog/tags/giottus)
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              #Trading
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FAQ's

1. How can I sell crypto for INR in India?

        You can sell supported cryptocurrencies through an Indian crypto exchange. Select the relevant INR trading pair, enter the amount you want to sell, choose an order type, and place the sell order.

2. How do I convert Bitcoin to INR?

        To convert Bitcoin to INR, select a supported BTC/INR trading pair on your crypto exchange and sell your Bitcoin. Once the order is executed, the corresponding INR amount is credited to your exchange wallet.

3. Can I withdraw money from a crypto exchange to my bank account?

        Yes. After selling crypto for INR, you can withdraw the available INR balance to your registered bank account, subject to the exchange&#x27;s withdrawal process and applicable checks.

4. What is the difference between a market order and a limit order when selling crypto?

        A market order sells at the best available prices in the order book, while a limit order lets you specify the price at which you want to sell. A limit order will execute only when matching liquidity is available at your chosen price.

5. Is selling crypto taxable in India?

        Selling or transferring crypto can have tax implications in India under the rules applicable to Virtual Digital Assets (VDAs). Investors should maintain transaction records and refer to current Income Tax Department guidance or consult a qualified tax professional.

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

What is Stablecoin? How they work

Giottus Crypto Exchange — Wed, 26 Aug 2026 08:23:52 +0000

Home BlogWhat is Stablecoin? How they work

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


     |  14th August, 2026






![Illustration of coins flying at the background with Stablecoin text](/blog/uploads/large_stablecoins_explained_2026_3118d81139.png)


    Volatility is one of the defining characteristics of the crypto market. Bitcoin, Ethereum, and other digital assets can experience sharp price swings within a single day. While this creates opportunities for traders, it can also make everyday transactions and portfolio management more challenging.

This is where stablecoins come in. Designed to maintain a relatively stable value, stablecoins combine the speed and accessibility of cryptos with the price stability of traditional assets. They have become an essential part of the crypto ecosystem, helping users trade, transfer funds, access decentralised finance (DeFi), and reduce exposure to market volatility.

If you are new to crypto, understanding what stablecoins are and how they work is an important first step.

What is a stablecoin?

A stablecoin is a type of crypto that is designed to maintain a stable value by being linked, or "pegged," to another asset. In most cases, that asset is the US dollar, although some stablecoins are pegged to other fiat currencies, commodities like gold, or even baskets of assets.

For example, a US dollar-backed stablecoin aims to maintain a value close to 1 US dollar. Unlike Bitcoin or Ethereum, whose prices fluctuate based on market demand and supply, stablecoins are built to minimise large price movements.

This stability makes them useful for trading, payments, and storing value within the crypto market.

How do stablecoins work?

Stablecoins maintain their value using different mechanisms depending on how they are designed.

Fiat-backed stablecoins

The most common type is backed by traditional assets such as cash or short-term government securities.

For every stablecoin issued, the issuer aims to hold an equivalent value in reserve. If one million stablecoins are in circulation, the issuer should maintain assets of roughly equal value to support the peg.

Popular examples include USDT (Tether) and USDC (USD Coin).

Crypto-backed stablecoins

Some stablecoins are backed by cryptos instead of traditional assets.

Since cryptos are more volatile, these stablecoins are often overcollateralised. In simple terms, they hold more crypto than the value of stablecoins issued to absorb market fluctuations.

Algorithmic stablecoins

Instead of holding reserves, algorithmic stablecoins attempt to maintain their peg through automated changes in supply.

When demand rises, new coins may be created. When demand falls, supply may be reduced.

While innovative, this model has proven more vulnerable during periods of market stress and has experienced notable failures in the past.

Why are stablecoins important?

Stablecoins have become one of the most widely used digital assets because they help reduce price volatility.

Instead of converting crypto back into traditional bank accounts every time the market becomes uncertain, many traders simply move their funds into stablecoins. This allows them to stay within the crypto ecosystem while reducing exposure to sudden price movements.

Stablecoins are also commonly used for international transfers because blockchain transactions can often settle faster than traditional cross-border payments.

Common uses of stablecoins

Stablecoins serve several purposes across the crypto ecosystem.

Trading

Most cryptocurrencies are paired with stablecoins instead of fiat currencies. Traders often buy Bitcoin, Ethereum, and altcoins using stablecoins such as USDT or USDC.

Portfolio management

During periods of high volatility, investors may temporarily convert part of their portfolio into stablecoins without leaving the crypto market entirely.

Cross-border transfers

Stablecoins allow users to send value globally without relying entirely on traditional banking systems. Depending on the blockchain used, transactions can often be completed within minutes.

Decentralised Finance (DeFi)

Many DeFi platforms use stablecoins for lending, borrowing, liquidity pools, and yield-generating strategies because their relatively stable value makes financial calculations more predictable.

Payments

Some businesses and merchants accept stablecoins for products and services, particularly in regions where crypto adoption is growing.

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Popular stablecoins

Several stablecoins dominate the global crypto market.

USDT (Tether) is the largest stablecoin by market capitalisation and is widely used for trading due to its deep liquidity and broad exchange support.

USDC (USD Coin) is known for its reserve transparency and is commonly used by institutions and DeFi applications.

Other stablecoins include DAI, FDUSD, and PYUSD, each with different backing mechanisms and use cases.

Are stablecoins risk-free?

Although stablecoins are designed to remain stable, they are not completely risk-free. Their stability depends on factors such as reserve management, issuer credibility, regulatory oversight, and market confidence. In rare situations, stablecoins may temporarily trade above or below their intended value, a situation known as depegging.

Investors should also understand that different stablecoins use different reserve models. Before using any stablecoin, it is important to understand how it maintains its value and who manages its reserves.

Conclusion

Stablecoins have become a key part of the crypto ecosystem by combining blockchain technology with price stability. They help traders manage volatility, simplify crypto transactions, support decentralised finance, and enable faster digital payments.

However, not all stablecoins operate in the same way. Some are backed by cash and government securities, others by cryptos, while some rely on algorithms to maintain their value. Understanding these differences is important before choosing one.

For beginners, stablecoins can provide a practical way to enter the crypto market without immediately taking on the price volatility associated with many other cryptos. Like every digital asset, they should be used with an understanding of the underlying risks and the platform that issues them.

          Published on: 14th August, 2026 7:59 AM 

          Updated on: 14th August, 2026 2:46 PM 




          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Digital Assets
          ](/blog/tags/digital-assets)
          [
              #Giottus
          ](/blog/tags/giottus)
          [
              #Investment
          ](/blog/tags/investment)
          [
              #Stable Coin
          ](/blog/tags/stable-coin)
          [
              #Stablecoin
          ](/blog/tags/stablecoin)
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              #Trading
          ](/blog/tags/trading)





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FAQ's

1. What is a stablecoin?

        A stablecoin is a type of crypto designed to maintain a relatively stable value by being linked to an asset such as the US dollar, another fiat currency, or a commodity.

2. How do stablecoins maintain their value?

        Stablecoins use different mechanisms to maintain their value. Some are backed by cash and other reserve assets, some use crypto as collateral, while others use algorithmic mechanisms to manage supply.

3. What are the most popular stablecoins?

        USDT (Tether) and USDC (USD Coin) are among the most widely used stablecoins. Other examples include DAI, FDUSD and PYUSD.

4. What are stablecoins used for?

        Stablecoins are commonly used for crypto trading, portfolio management, cross-border transfers, payments and decentralised finance (DeFi) activities such as lending and borrowing.

5. Are stablecoins completely risk-free?

        No. Stablecoins can face risks related to reserves, issuers, regulations, market confidence and depegging. Users should understand how a stablecoin maintains its value before using or holding it.

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

What is BNB (Binance Coin)? Explained

Giottus Crypto Exchange — Wed, 26 Aug 2026 08:23:45 +0000

Home BlogWhat is BNB (Binance Coin)? Explained

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


     |  12th August, 2026






![bnb coin illustration in gold colour](/blog/uploads/large_binance_bnb_2026_280ca78eb3.webp)


    The crypto market has grown far beyond Bitcoin. Today, several blockchain networks support decentralised finance ([DeFi](https://www.giottus.com/blog/a-beginners-guide-to-de-fi)), [NFTs](https://www.giottus.com/blog/what-is-nft-giottus-explains), gaming, payments, and thousands of blockchain applications. At the centre of many of these ecosystems are native cryptos that power their networks.

One such crypto is BNB (Binance Coin). Initially introduced as a utility token for discounted trading fees, BNB has evolved into one of the largest cryptos by market capitalisation and now plays a central role in the BNB Chain ecosystem.

Whether you are new to crypto or looking to diversify beyond Bitcoin and Ethereum, understanding what BNB is, how it works, and where it is used can help you make better investment decisions.

What is BNB?

BNB, short for Binance Coin, is the native crypto asset of the BNB Chain, a blockchain ecosystem that supports smart contracts, decentralised applications (dApps), and digital asset transfers.

BNB was launched in 2017 as an ERC-20 token on the Ethereum blockchain. At the time, its primary purpose was to offer discounted trading fees to users of the Binance exchange.

As the ecosystem expanded, BNB migrated to its own blockchain and became much more than an exchange token. Today, it powers transactions, decentralised applications, staking, blockchain gaming, NFT marketplaces, and many other services built on BNB Chain.

Today, millions of users interact with BNB every day, making it one of the most actively used cryptos in the market.

How does BNB work?

BNB functions as the fuel that powers the BNB Chain network.

Whenever users transfer tokens, interact with smart contracts, trade on decentralised exchanges, mint NFTs, or use blockchain-based applications, they pay a small network fee in BNB.

Validators secure the blockchain by processing and confirming these transactions. Unlike traditional payment systems that rely on a central authority, BNB Chain operates through a distributed network that verifies transactions and records them on the blockchain.

Because the network is designed to process transactions efficiently, users generally experience faster confirmation times and relatively lower transaction costs compared to some other blockchain networks.

What is BNB used for?

BNB has evolved into a multi-purpose digital asset with several real-world applications.

Paying transaction fees

The most common use of BNB is paying network fees on BNB Chain. Every token transfer or smart contract interaction requires a small amount of BNB.

Trading cryptos

BNB remains one of the most widely traded cryptos globally. Many exchanges offer BNB trading pairs, making it easier for users to buy, sell, and exchange other digital assets.

Decentralised Finance (DeFi)

Many DeFi applications built on BNB Chain use BNB for lending, borrowing, staking, liquidity pools, and yield farming.

NFTs and blockchain gaming

NFT marketplaces on BNB Chain use BNB for purchasing digital collectibles and paying transaction fees. Similarly, many blockchain games integrate BNB into their in-game economies.

Staking

Users can stake BNB through supported services to participate in network validation or earn staking rewards, depending on the platform's terms and conditions.

Payments

Some online merchants and crypto payment providers also accept BNB as a payment method, although merchant adoption varies across countries.

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What makes BNB popular?

Several factors have contributed to BNB's popularity.

First is its large ecosystem. Thousands of decentralised applications have been built on BNB Chain, covering finance, gaming, NFTs, infrastructure, and digital identity.

Second is its low transaction cost. Compared with some blockchain networks, BNB Chain generally offers lower network fees, making it attractive for users who frequently move assets or interact with decentralised applications.

Third is speed. Transactions are usually confirmed quickly, improving the overall user experience.

Finally, BNB benefits from strong liquidity. Since it is listed on most major crypto exchanges, investors can buy or sell BNB relatively easily compared to smaller digital assets.

BNB vs BNB Chain

Many beginners assume that BNB and BNB Chain refer to the same thing, but they are different.

BNB is the crypto or digital asset.

BNB Chain is the blockchain network on which applications are built.

Think of BNB Chain as the highway, while BNB is the fuel that allows users to travel on it.

Developers create decentralised applications on the blockchain, while users spend BNB to interact with those applications.

Is BNB a good investment?

Whether BNB is a suitable investment depends on your financial goals, risk tolerance, and investment horizon.

BNB derives much of its value from the activity taking place across the BNB Chain ecosystem. As more developers build applications and more users interact with them, demand for BNB may increase because it is required to pay transaction fees.

However, crypto prices remain highly volatile. Like Bitcoin, Ethereum, and other digital assets, BNB can experience significant price fluctuations during periods of market uncertainty.

Investors should avoid making decisions based solely on short-term price movements and instead understand the technology and ecosystem supporting the asset.

Risks of investing in BNB

Although BNB is one of the largest cryptos, it still carries risks.

**Market volatility: **Crypto prices can move sharply due to changes in investor sentiment, macroeconomic events, or market liquidity.

Regulatory uncertainty: Crypto regulations continue to evolve across different countries. Regulatory developments can affect trading activity and investor confidence.

**Competition: **BNB Chain competes with several major smart contract platforms, including Ethereum, Solana, Avalanche, and Polygon. Future adoption will depend on continued innovation and ecosystem growth.

Technology risks: Smart contract vulnerabilities, security breaches, or network issues within decentralised applications can affect user confidence and activity.

Like every crypto investment, BNB should be considered only after careful research.

Conclusion

BNB has grown from a trading fee discount token into one of the most widely used cryptos in the blockchain industry. Today, it powers transactions across BNB Chain and supports thousands of decentralised applications spanning finance, gaming, NFTs, payments, and Web3 services.

For Indian investors looking beyond Bitcoin and Ethereum, BNB offers exposure to one of the largest blockchain ecosystems in the crypto market. While its broad utility gives it an important role in the industry, it remains a high-risk investment like every other crypto.

Before investing, understand how BNB works, evaluate the risks involved, and invest according to your financial goals rather than short-term market trends.

          Published on: 12th August, 2026 10:55 AM 

          Updated on: 12th August, 2026 1:43 PM 




          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Investment
          ](/blog/tags/investment)
          [
              #Giottus
          ](/blog/tags/giottus)
          [
              #Trading
          ](/blog/tags/trading)
          [
              #Staking
          ](/blog/tags/staking)
          [
              #Stablecoin
          ](/blog/tags/stablecoin)





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FAQ's

1. What is BNB (Binance Coin)?

        BNB is the native crypto asset of the BNB Chain ecosystem. It is used for transaction fees, staking, DeFi applications, blockchain gaming, NFTs, and other blockchain-based services.

2. How does BNB work?

        BNB powers transactions on BNB Chain. Users pay network fees in BNB when transferring tokens, interacting with smart contracts, trading on decentralised exchanges, or using other applications on the network.

3. What is the difference between BNB and BNB Chain?

        BNB is the crypto asset, while BNB Chain is the blockchain ecosystem on which decentralised applications and smart contracts operate. BNB is used to pay transaction fees and interact with applications on the network.

4. What is BNB used for?

        BNB can be used to pay transaction fees, participate in staking, access DeFi applications, trade digital assets, purchase NFTs, and interact with blockchain games and other Web3 applications.

5. Is BNB a good investment?

        BNB has a large blockchain ecosystem and several practical use cases, but it remains a highly volatile crypto asset. Investors should consider its utility, ecosystem adoption, competition, regulatory risks, and their own risk tolerance before investing.

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

Trade Futures This August and Win Big with Giottus

Giottus Crypto Exchange — Sat, 22 Aug 2026 13:34:21 +0000

Home BlogTrade Futures This August and Win Big with Giottus

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


     |  5th August, 2026






![Giottus August Futures Contest banner showcasing a ₹3.34 lakh prize pool with a MacBook, iPhone, Apple Watch and Giottus Futures Bonus rewards.](/blog/uploads/large_august_futures_contest_2026_8cd9a91fde.png)


    The Giottus August Futures Contest is now live, giving traders another opportunity to compete for exciting prizes and cash rewards. With a total prize pool worth ₹3.34 lakh, this month's contest rewards active futures traders with premium gadgets, cash prizes, and Giottus Futures Bonus credits.

Whether you are an experienced futures trader or looking to increase your trading activity, the contest is open to everyone. Every eligible trade brings you one step closer to the top of the leaderboard.

Prize pool

The top 20 traders will be rewarded based on their final ranking.

You can check your rank on the Futures Contest leaderboard anytime during the contest.

How to participate

Getting started is simple.

Log in to your Giottus account.- Go to the Futures section.- Trade a minimum futures volume of 250,000 USDT during the contest period.- Climb the leaderboard and compete for exciting rewards.The higher your eligible trading volume, the better your chances of securing a higher rank.

What is the Giottus Futures Bonus?

Along with physical prizes, eligible winners will receive Giottus Futures Bonus credits.

The Futures Bonus is trading credit that is credited directly to your Giottus Futures Wallet.

You can use this bonus to trade across multiple futures markets available on Giottus, including:

Crypto perpetual futures- US equity perpetual futures- Metals- Energy marketsThe concept is simple. Giottus provides the trading credit, allowing you to participate in the futures market without adding additional capital equal to the bonus amount.

Can you withdraw the Futures Bonus?

The Giottus Futures Bonus itself cannot be withdrawn.

However, any profits generated using the bonus belong to you.

You can transfer those profits to your Spot Wallet, convert them into INR, and withdraw them to your registered bank account, subject to the applicable platform policies.

Ready to compete?

The August Futures Contest is your chance to turn your trading activity into exciting rewards. Whether you're aiming to win a MacBook, iPhone, Apple Watch, cash rewards through Futures Bonus, or simply climb the leaderboard, every eligible trade brings you closer to the top.

Good luck, and happy trading!

          Published on: 5th August, 2026 4:09 PM 

          Updated on: 21st August, 2026 3:02 PM 




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FAQ's

1. What is the Giottus August Futures Contest?

        The Giottus August Futures Contest is a trading competition where eligible futures traders can compete for a share of a ₹3.34 lakh prize pool, including a MacBook, iPhone, Apple Watch, and Giottus Futures Bonus credits.

2. How can I participate in the Giottus August Futures Contest?

        To participate, log in to your Giottus account, go to the Futures section, and trade a minimum futures volume of 250,000 USDT during the contest period. Your eligible trading volume determines your position on the leaderboard.

3. What rewards can I win in the Giottus August Futures Contest?

        The top 20 traders will receive exciting rewards, including a MacBook, iPhone, Apple Watch, and Giottus Futures Bonus credits, depending on their final leaderboard ranking.

4. What is the Giottus Futures Bonus?

        The Giottus Futures Bonus is trading credit that is credited directly to your Futures Wallet. While the bonus itself cannot be withdrawn, any profits earned by trading with the bonus can be transferred to your Spot Wallet, converted into INR, and withdrawn, subject to Giottus&#x27; policies.

5. How is the leaderboard ranking calculated?

        The leaderboard is based on each participant&#x27;s eligible futures trading volume during the contest period. Generally, the higher your eligible trading volume, the higher your chances of securing a better rank and winning prizes.

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

USDT vs USDC: Which stablecoin should you choose?

Giottus Crypto Exchange — Sat, 22 Aug 2026 13:34:14 +0000

Home BlogUSDT vs USDC: Which stablecoin should you choose?

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


     |  3rd August, 2026






![USDT and USDC token images](/blog/uploads/large_usdt_vs_usdc_d6149500c7.webp)


    Stablecoins play an important role in the crypto market. They offer the speed and convenience of cryptocurrencies while aiming to maintain a stable value, usually pegged to the US dollar. Among them,&nbsp;USDT (Tether) and&nbsp;USDC (USD Coin) are the two most widely used.

Both are designed to trade close to $1 and are accepted across major crypto exchanges. But despite their similarities, they differ in liquidity, transparency, and primary use cases. Understanding these differences can help you choose the right stablecoin for your trading or investment needs.

What is USDT?

USDT, issued by Tether, is the world's largest stablecoin by market capitalisation. Since its launch in 2014, it has become the preferred trading currency for millions of crypto users.

USDT is available on multiple blockchain networks, including Ethereum, Tron, Solana, Polygon, and BNB Chain. Its widespread support and deep liquidity make it the most commonly used stablecoin for buying and selling cryptocurrencies.

Most crypto exchanges offer a large number of USDT trading pairs, making it easy for traders to enter and exit positions quickly.

What is USDC?

USDC was launched in 2018 by Circle and has grown into one of the most trusted stablecoins in the market. Like USDT, each USDC aims to maintain a value of one US dollar.

USDC is backed by cash and short-term US Treasury assets, with regular reserve attestations published by Circle. It is widely used by institutions, developers, and DeFi platforms because of its focus on transparency.

USDC is supported across major blockchain networks such as Ethereum, Solana, Base, Avalanche, Polygon, and Arbitrum.

USDT vs USDC: Key Differences

Liquidity

USDT has significantly higher trading volume than USDC. It is the preferred stablecoin for active traders because it offers deeper order books and more trading pairs across exchanges.

If you frequently trade Bitcoin or altcoins, USDT usually provides better liquidity.

Transparency

USDC is often recognised for its transparent reserve reporting. Circle publishes regular attestations showing the assets backing USDC.

Tether has also improved its reserve disclosures over the years, but USDC is generally viewed as the more transparent option.

Adoption

USDT dominates crypto trading on centralised exchanges, while USDC has built a strong presence in decentralised finance (DeFi) and institutional crypto services.

If your primary activity is trading, you will likely use USDT more often. If you are exploring DeFi or holding stablecoins for longer periods, USDC may be the preferred choice.

Network Support

Both stablecoins are available on multiple blockchains, but USDT supports a wider range of networks, especially Tron, which is known for fast and low-cost transactions.

USDC continues to expand its blockchain support and is now available on most major ecosystems.

Which stablecoin should you choose?

There is no single winner. The better choice depends on how you plan to use it.

Choose USDT if you:

Trade cryptocurrencies regularly- Need maximum liquidity- Want access to more trading pairs- Frequently transfer funds between exchangesChoose USDC if you:
Prefer greater reserve transparency- Use DeFi applications- Plan to hold stablecoins for a longer period- Value institutional adoptionMany experienced crypto investors keep both stablecoins and use them based on the platform or transaction.

Are stablecoins risk-free?

Although USDT and USDC are designed to remain close to one US dollar, they are not entirely risk-free. Regulatory developments, reserve management, and extreme market events can occasionally cause temporary price fluctuations.

However, both stablecoins have maintained their position as the leading dollar-backed digital assets and continue to play a key role in the crypto ecosystem.

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Buy USDT and USDC on Giottus

Giottus allows Indian users to buy, sell, and hold both USDT and USDC with ease. Whether you are funding your next Bitcoin purchase, trading altcoins, or simply holding funds between trades, both stablecoins provide a convenient gateway into the crypto market.

With easy INR deposits, secure trading, and a user-friendly platform, Giottus makes accessing stablecoins simple for beginners as well as experienced investors.

Conclusion

USDT and USDC both serve the same core purpose: providing price stability in a volatile crypto market. The difference lies in how they're commonly used. USDT remains the preferred choice for high-volume trading because of its liquidity and wide exchange support, while USDC appeals to users who prioritise transparency and institutional credibility.

Rather than choosing one over the other, consider your own goals. If you are an active trader, USDT may suit you better. If you value transparency and use DeFi, USDC could be the right fit. Understanding both stablecoins will help you make more informed decisions as you navigate the crypto market.

          Published on: 3rd August, 2026 8:20 AM 

          Updated on: 3rd August, 2026 2:58 PM 




          [
              #Crypto
          ](/blog/tags/crypto)
          [
              #Digital Assets
          ](/blog/tags/digital-assets)
          [
              #Investment
          ](/blog/tags/investment)
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FAQ's

1. What is the difference between USDT and USDC?

        USDT (Tether) and USDC (USD Coin) are both stablecoins pegged to the US dollar. USDT is widely used for crypto trading because of its high liquidity and extensive exchange support, while USDC is known for its transparent reserve reporting and strong adoption in DeFi and institutional finance.

2. Which stablecoin is better for crypto trading: USDT or USDC?

        For active traders, USDT is generally preferred due to its higher trading volume, deeper liquidity, and larger number of trading pairs. USDC is also widely accepted but is more commonly used in DeFi applications and by institutional investors.

3. Are USDT and USDC safe to use?

        Both USDT and USDC are designed to maintain a stable value of approximately one US dollar. However, like all cryptocurrencies, they carry risks related to regulation, reserve management, and market conditions. Investors should understand these risks before using any stablecoin.

4. Can I buy USDT and USDC with INR on Giottus?

        Yes. Giottus allows Indian users to buy, sell, and hold both USDT and USDC using INR. You can use these stablecoins for trading cryptocurrencies, transferring funds, or holding value between trades.

5. Should I choose USDT or USDC?

        The right choice depends on your needs. If you trade cryptocurrencies frequently and need high liquidity, USDT may be more suitable. If you value reserve transparency or plan to use DeFi applications or hold stablecoins for longer periods, USDC may be a better option. Many investors use both depending on the situation.

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

What is Web3? A beginner’s guide

Giottus Crypto Exchange — Mon, 17 Aug 2026 22:32:42 +0000

Home BlogWhat is Web3? A beginner’s guide

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


     |  30th July, 2026






![web3 illustration](/blog/uploads/large_what_is_web3_2026_142b489f9b.png)


    The internet has changed significantly since its early days. It began as a place where people mainly read information. It later became interactive, allowing users to post content, connect with others, shop online, and use digital services.

Web3 is often described as the next stage of this evolution. It aims to create an internet where users have greater control over their digital identity, data, and online assets.

The term is closely linked to blockchain technology, cryptocurrencies, smart contracts, and decentralised applications. However, Web3 is broader than crypto trading. It represents a different way of building and using online services.

How is Web3 different from the current internet?

To understand Web3, it helps to look at how the internet has developed.

Web1: The read-only internet

Web1 refers to the early internet of the 1990s and early 2000s. Most websites were simple and static. Users could read information but had limited ways to interact with it.

The website owner controlled the content, while visitors mainly consumed it.

Web2: The interactive internet

Web2 introduced social media, streaming platforms, online marketplaces, and mobile applications. Users could create content, communicate, and participate in online communities.

However, most Web2 platforms are controlled by centralised companies. These companies manage user accounts, store personal data, set platform rules, and decide how content is distributed.

Users can create value on these platforms, but they usually do not own the platform or the data behind their account.

Web3: The ownership internet

Web3 aims to give users more ownership and control.

Instead of relying entirely on a company to manage accounts and transactions, Web3 applications can use blockchain networks. Users may connect through a crypto wallet, hold digital assets directly, and interact with smart contracts.

This model is often described as ‘read, write, and own.’

How does Web3 work?

Web3 applications are generally built using blockchains and smart contracts.

A blockchain is a shared digital record maintained by a network of computers. Smart contracts are programs stored on a blockchain that automatically execute instructions when specific conditions are met.

Users typically access Web3 services through a cryptocurrency wallet. The wallet can act as a login method and also hold cryptocurrencies, tokens, and digital collectibles.
For example, a user may connect a wallet to a decentralised exchange and trade tokens directly through a smart contract. The transaction is recorded on the blockchain rather than managed entirely by a central company.

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Common uses of Web3

Web3 is being used across several areas.

Decentralised finance, or DeFi, allows users to trade, lend, borrow, and earn rewards through blockchain-based platforms.

NFTs can represent ownership of digital art, gaming items, event tickets, memberships, and other assets.

Blockchain games allow players to hold and transfer in-game items outside the game’s central system.

Decentralised autonomous organisations, commonly called DAOs, allow token holders to vote on certain decisions related to a project or community.

Web3 is also being explored for digital identity, social media, payments, supply-chain tracking, and tokenised real-world assets.

What are the benefits of Web3?

One of the main advantages of Web3 is user ownership. Digital assets stored in a personal wallet may be transferred between compatible platforms without requiring permission from a central operator.

Web3 can also improve transparency because blockchain transactions and smart contract activity are often publicly visible.

Another benefit is open access. Many Web3 applications can be used by anyone with an internet connection and a compatible wallet, although local laws and platform restrictions may still apply.

Developers can also build applications that connect with existing blockchain protocols instead of creating every feature from the beginning.

What are the risks of Web3?

Web3 is still developing and carries several risks.

Crypto wallets require users to manage private keys or recovery phrases. Losing them can result in permanent loss of access.

Smart contracts may contain coding errors or security weaknesses. Fraudulent projects, fake websites, and phishing links are also common.

Transaction fees may become expensive when a blockchain is congested. Some Web3 platforms can also be difficult for beginners to use.

Decentralisation varies between projects. A service may call itself Web3 while still giving a small group significant control over its technology or funds.

Conclusion

Web3 is an attempt to build a more open and user-controlled internet using blockchain technology.

It allows users to interact with applications through digital wallets, hold online assets directly, and use services powered by smart contracts. Its applications include finance, gaming, digital identity, communities, and online ownership.

However, Web3 is not automatically safer or better than traditional internet services. Users must understand wallet security, smart contract risks, and the project they are using.

For beginners, the key idea is simple: Web3 seeks to move some control from centralised platforms to users and blockchain-based networks.

          Published on: 30th July, 2026 9:10 AM 

          Updated on: 3rd August, 2026 8:26 AM 




          [
              #Bitcoin
          ](/blog/tags/bitcoin)
          [
              #Blockchain
          ](/blog/tags/blockchain)
          [
              #Crypto
          ](/blog/tags/crypto)
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          [
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FAQ's

1. What is Web3 in simple terms?

        Web3 is the next generation of the internet that uses blockchain technology to give users greater control over their digital identity, assets, and online interactions. Unlike traditional platforms, many Web3 applications allow users to own and manage their data through crypto wallets.

2. How is Web3 different from Web2?

        Web2 is built around centralised platforms where companies control user accounts and data. Web3 uses blockchain networks and smart contracts to reduce reliance on intermediaries, allowing users to directly own digital assets and interact with decentralised applications.

3. Do I need cryptocurrency to use Web3?

        Not always, but many Web3 applications require a cryptocurrency wallet to connect and complete transactions. Some services also require users to hold cryptocurrencies to pay network fees or access certain features.

4. What are some real-world examples of Web3?

        Web3 powers decentralised finance (DeFi), NFT marketplaces, blockchain games, decentralised exchanges (DEXs), digital identity solutions, and decentralised autonomous organisations (DAOs). It is also being explored for supply chains, ticketing, and tokenised real-world assets.

5. Is Web3 safe to use?

        Web3 offers greater transparency and user ownership, but it also comes with risks. Users should protect their wallet&#x27;s private keys or recovery phrase, verify websites before connecting their wallet, and research projects carefully before investing or interacting with smart contracts.

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

Smart Contracts Explained: How They Work, Benefits, Risks & Real-World Uses

Giottus Crypto Exchange — Mon, 17 Aug 2026 22:32:36 +0000

Home BlogSmart Contracts Explained: How They Work, Benefits, Risks & Real-World Uses

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


     |  28th July, 2026






![Illustration explaining how smart contracts automatically execute blockchain transactions](/blog/uploads/large_Smart_Contracts_39ec545ae9.jpg)


    A smart contract is a computer program stored on a blockchain. It automatically carries out an action when certain conditions are met.

The word ‘contract’ can make it sound like a legal document. In practice, a smart contract is closer to a set of digital instructions. It follows rules written in code and executes them without needing a bank, broker, company, or other middleman to approve every step.

Smart contracts are one of the main reasons blockchains can support more than cryptocurrency payments. They power decentralised finance, blockchain games, digital collectibles, lending platforms, token exchanges, and many other applications.

How does a smart contract work?

A smart contract works using a simple ‘if this happens, then do that’ structure.

For example:

If a user sends the required payment, transfer the digital asset.- If a loan reaches its repayment date, collect the amount due.- If a trader swaps one token for another, calculate and complete the exchange.- If a condition is not met, reject the transaction.Once the smart contract is deployed on a blockchain, users can interact with it through a website, wallet, or decentralised application.

The blockchain records the transaction and checks whether the rules have been followed. When the conditions are satisfied, the contract executes automatically.

A simple example

Imagine buying a digital event ticket through a smart contract.

The contract may contain the following rules:

The ticket price is fixed.- The buyer must send the required cryptocurrency.- Once payment is received, the ticket is transferred to the buyer.- The transaction is recorded on the blockchain.There is no need for someone to manually confirm the payment and issue the ticket. The smart contract completes the process based on its programmed instructions.

This does not mean every process becomes completely automatic. Websites, wallets, and external services may still be involved. However, the core transaction can be handled directly through the blockchain.

Also read: Crypto Trading Guide for Indian Investors: Charts, Orders, Strategies & Risk Management

Why are smart contracts important?

Smart contracts can reduce the need for intermediaries. This may make some transactions faster, more transparent, and easier to verify.

Their main advantages include:

Automation: A smart contract can execute immediately after its conditions are met. This removes the need for manual processing in many cases.- Transparency: Smart contract activity is recorded on the blockchain. Users can often review the contract code and transaction history.- Predictability: A properly written smart contract follows the same rules every time. It does not change its decision based on personal judgement.- Global access: Anyone with an internet connection and a compatible crypto wallet may be able to use a public smart contract, depending on local regulations and platform restrictions. ### Where are smart contracts used? Smart contracts are used across many parts of the crypto ecosystem.

In decentralised finance, they allow users to lend, borrow, trade, and earn rewards without relying entirely on traditional financial institutions.

Decentralised exchanges use smart contracts to manage token swaps. Lending platforms use them to calculate collateral requirements, interest, and repayments.

NFT platforms use smart contracts to create and transfer digital collectibles. Blockchain games use them to manage in-game assets and rewards.

Smart contracts are also being explored for insurance, supply-chain tracking, digital identity, ticketing, and tokenised real-world assets.

Ethereum is the best-known smart contract blockchain, but networks such as Solana, Avalanche, BNB Chain, Polygon, and others also support smart contract applications.

Are smart contracts really smart?

Not in the human sense.

A smart contract cannot think, understand context, or make independent decisions unless those instructions have been written into its code.

It simply follows the rules given to it. If the code is poorly written, the contract may behave incorrectly. If a developer forgets an important condition, the smart contract will not fix the mistake on its own.

The term ‘smart’ mainly refers to automation rather than intelligence.

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What are the risks?

Smart contracts can be useful, but they are not risk-free.

Coding errors may create security weaknesses. Hackers can sometimes exploit these weaknesses and move funds from a protocol.

Some contracts may also give developers too much control. Others may be linked to fake tokens, misleading websites, or fraudulent projects.

Smart contracts can also depend on outside information, such as asset prices or weather data. This information is usually supplied by services called oracles. Incorrect data can affect how the contract operates.

Before using any blockchain application, users should check whether the project has been audited, how long it has been operating, and whether the team is transparent. Even an audit does not guarantee complete safety.

Can a smart contract be changed?

It depends on how it was designed.

Some smart contracts cannot be changed after deployment. Others can be upgraded by developers or controlled through governance systems.

An unchangeable contract offers predictability, but mistakes may be difficult to correct. An upgradeable contract can be improved, but it may also give a small group more control.

Users should understand who can modify a contract before depositing funds or connecting a wallet.

Conclusion

A smart contract is a blockchain-based program that automatically performs actions when predefined conditions are met.

It removes the need for manual approval in many digital transactions and supports a wide range of crypto applications, including trading, lending, NFTs, gaming, and tokenised assets.

However, smart contracts are only as reliable as the code behind them. Bugs, weak security, misleading projects, and excessive developer control can create serious risks.

For beginners, the most important point is simple: a smart contract does not think or negotiate. It follows instructions written in code. Understanding those instructions, the platform, and the risks involved is essential before using any smart contract-based service.

          Published on: 28th July, 2026 7:57 AM 

          Updated on: 29th July, 2026 12:34 PM 




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FAQ's

1. What is a smart contract in blockchain?

        A smart contract is a computer program stored on a blockchain that automatically executes predefined actions when specific conditions are met. It removes the need for manual intervention in many digital transactions.

2. How do smart contracts work?

        Smart contracts work using programmed rules. When the required conditions are fulfilled, such as receiving a payment or meeting a deadline, the blockchain automatically executes the contract without requiring a third party.

3. What are smart contracts used for?

        Smart contracts are used in decentralised finance (DeFi), cryptocurrency trading, NFT marketplaces, blockchain gaming, lending platforms, digital identity, insurance, supply chain management, and tokenised real-world assets.

4. Are smart contracts safe?

        Smart contracts can improve security and transparency, but they are not risk-free. Coding bugs, security vulnerabilities, malicious projects, and incorrect external data can all create risks. Users should research projects carefully before interacting with any smart contract.

5. Which blockchains support smart contracts?

        Ethereum is the most widely used smart contract blockchain. Other popular networks that support smart contracts include Solana, BNB Chain, Polygon, Avalanche, Arbitrum, Optimism, and Base, each offering different speeds, fees, and ecosystems.

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