Imagine making profits in crypto, only to lose sleep over a tax notice. Sounds harsh? That’s the new reality for Indian traders using international exchanges like Binance, Bybit, KuCoin to bypass TDS.

According to a recent report, Indian authorities have begun tracking users who trade on offshore platforms to avoid the mandatory 1% TDS. With regulatory heat turning up, it’s no longer just about choosing the platform with the most coins—it’s about staying safe, compliant, and stress-free.

This is where Indian exchanges come in—and Giottus leads the pack.

Trading on Global Exchanges Isn’t Safe Anymore

Some global platforms used by Indian traders are now facing increased regulatory attention due to the lack of automated TDS compliance. While it may appear convenient on the surface, using such platforms could land users in serious trouble—ranging from tax penalties to regulatory notices.

Non-compliance with India's tax laws can lead to severe penalties. This includes fines ranging from 50% to 200% of the tax payable on misreported income. Additionally, the Indian government is employing advanced technologies to monitor and identify tax evaders. So, this increasing the likelihood of detection for those attempting to bypass tax obligations.

As Vikram Subburaj, Co-founder and CEO of Giottus, rightly points out:

“Overseas exchanges that bypass the TDS requirements are putting Indian traders in a difficult position. If you want to serve investors in India, you should respect and follow the law of the land. These exchanges might argue that tax compliance is the investor's responsibility, but in reality it's the investors who are left to deal with the tax authorities and potential legal complications.”

This growing disconnect between global exchanges and Indian regulations is a risk no informed trader should ignore. Even if the platform doesn’t deduct TDS, you, the trader, are liable. And now, with banks and payment gateways providing more visibility into user transactions, the net is only getting tighter.

Indian Exchanges Make More Sense Now

Indian crypto exchanges are designed to operate within the country's regulatory framework, ensuring automatic compliance with tax obligations. By using domestic platforms like Giottus, traders can avoid the complexities and risks associated with manual tax reporting and potential legal repercussions.​

Why Giottus Stands Out

Among Indian exchanges, Giottus distinguishes itself as a secure and user-friendly platform prioritising compliance and customer satisfaction. Here are some key features that make Giottus an excellent choice for Indian crypto traders:​

• Regulatory Compliance: Giottus is registered with the Financial Intelligence Unit (FIU) and adheres to all necessary regulatory requirements. This ensures that your trading activities are compliant with Indian laws.​
• Automatic TDS Deduction: The platform handles the 1% TDS deduction seamlessly, relieving traders of the responsibility to manage this aspect manually.​
• Extensive Asset Selection: Giottus offers trading in over 300 crypto assets pairs, providing a diverse range of investment opportunities.​
• Robust Security Measures: With state-of-the-art security protocols and insurance against cyber thefts for funds stored in cold wallets insured by BITGO, Giottus ensures that your assets are well-protected.
• User-Friendly Experience: The platform supports trading in multiple Indian languages and offers features like Systematic Investment Plans (SIP), making it accessible and convenient for a broad user base.

The days of carefree trading on international platforms without consequences are fading fast. As Indian regulators tighten their grip on crypto compliance, the smartest move you can make is to stay ahead by choosing a homegrown exchange that puts your safety first.

Giottus isn’t just another Indian crypto exchange. It’s a platform built with trust, transparency, and top-tier compliance. From automatic TDS deductions to multi-language support and strong security protocols, Giottus ensures your trading journey is both rewarding and fully above board.

Trade smart. Trade compliant. Trade with Giottus.