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Can previously deducted 20% TDS be reversed?

TDS deducted and deposited with the tax authorities cannot be reversed by CoinDCX. Users may claim eligible tax credits while filing their Income Tax Return (ITR), subject to applicable tax regulations.

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Tax Deducted at Source (TDS)

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What is TDS?

Tax Deducted at Source (TDS) is a tax deducted at the source of income before the remaining amount is credited to the recipient. In crypto trading, CoinDCX deducts the applicable TDS on eligible transactions and deposits it directly with the Government of India on your behalf.

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Tax Deducted at Source (TDS)

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My TDS amount is not matching. What should I do?

You can verify your TDS deductions by comparing the amounts shown in your Trade Report and TDS Certificate (Form 16A). We recommend reviewing the TDS amounts quarter-wise to identify any discrepancies. If the TDS amount does not match: Check the TDS amount for each quarter in both the Trade Report a

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Tax Deducted at Source (TDS)

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Can I monitor the status of my deposit or withdrawal?

Yes. You can track the real-time status of all your crypto transactions in the Crypto Transactions section of the app. This includes pending, completed, and failed transactions.

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Transaction Issues & Support

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Can I deposit or withdraw crypto from any wallet or exchange?

Yes, you can deposit or withdraw crypto from any verified and compliant wallet or exchange. However, please note: Deposits from restricted or high-risk sources are not allowed. All wallets must pass compliance and security checks before the transaction is processed.

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Transaction Issues & Support

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What should I do if my account is flagged for compliance checks?

If your account or transaction is flagged for compliance: You will receive a notification explaining the reason. Follow the instructions and submit any required documents. If you need help or clarification, you can always contact CoinDCX Support for assistance. These checks are performed to ensure s

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Transaction Issues & Support

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What are the changes we have done from a performance perspective in the last 9 M for Web3?

Past Features - INR buy feature Security enhancements Increased token listings and New categories for token discovery Reduced order rejections Reduced slippage Upcoming features - Automated Listing & Delisting: Expanding the token universe by automatically listing and delisting tokens, giving users

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Web3 - Fee Update

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What happens if I send funds to an old or expired wallet address?

If you send funds to an expired deposit address, please note: The funds may not be credited automatically to your account. Refunds can be processed once the CoinDCX Support team verifies your transaction and confirms the issue. The refund timeline may vary depending on blockchain and verification ch

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Transaction Issues & Support

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What if I accidentally deposit unsupported tokens or use the wrong network?

Depositing unsupported tokens or using an incorrect network may result in loss of funds. CoinDCX will attempt recovery for deposit using incorrect network, but it is not guaranteed. If recovery is possible, it may take up to 14 days. A service fee may apply depending on the complexity of the recover

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Transaction Issues & Support

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What happens if my deposit doesn’t reflect in my CoinDCX account?

If your deposit hasn’t shown up yet, follow these steps: Confirm that you used the correct wallet address for the deposit. Check the transaction status on the blockchain explorer using your Transaction Hash . Ensure the network selected (e.g., ERC20, BEP20, TRC20) matches the network you used for th

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Transaction Issues & Support

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What type of bank accounts are accepted for verification?

At CoinDCX, we make it easy for you to verify your account. For individual users, you can use your Indian savings bank account, and if you're part of an enterprise, corporate, or proprietorship, simply use the Indian current bank account under your company's name. It's important to note that we don'

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Verify Bank Account Using UPI

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Can I use a different bank account than the one currently active on my UPI app?

Yes. When you are redirected to the UPI app (e.g., GPay or PhonePe) to pay the ₹1, you can select a different bank account linked within that UPI app before making the payment. We will verify whichever account you use to pay the ₹1.

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Verify Bank Account Using UPI

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What happens if I don't have any UPI apps installed on my phone?

If the system detects no UPI apps installed, or if you are using a device where apps cannot be detected, you will be redirected to the manual "Add Bank Account" flow, where you can enter your bank account details.

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Verify Bank Account Using UPI

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Will the ₹1 I paid be refunded?

Yes. The ₹1 transaction is used solely for verification purposes. A refund process is tracked, and the status of the penny refund will be updated in your details. You can expect a refund within 24 hours.

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Verify Bank Account Using UPI

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Can I have multiple bank accounts registered with CoinDCX?

At the moment, we don't offer the option to add multiple bank accounts. You can only link one bank account at a time.

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Verify Bank Account Using UPI

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I got a message saying "UPI Limit Reached." What should I do?

This means you have exceeded the attempt limit of verifying a bank account using UPI. In this case, please select the option to add your Bank Account manually (Account Number + IFSC) to proceed.

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Verify Bank Account Using UPI

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What happens if I try to change the amount from ₹1 to something else?

The verification will fail. If you change the amount, the system will show an error message: "Reverse Penny Drop failed due to changed amount, Please retry with 1 Rupee." You must pay exactly ₹1.

Knowledge Base Article

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Verify Bank Account Using UPI

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How do I change my registered bank account with CoinDCX?

You can update your bank details by following these easy steps: Log in to your CoinDCX app. Click on the profile icon "Top Left Corner". Go to ‘Account settings’. Select ‘Account details’. Click the ‘Remove bank account’ option. Confirm by again selecting ‘Remove Bank account’. ​ Once the existing b

Knowledge Base Article

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Verify Bank Account Using UPI

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Why can't I see my wallet address in the app?

If Crypto Deposits (CD) are disabled on your account, your wallet address will not be visible in the app. This means you will not be able to view, generate, or use any deposit address for future transactions.

Knowledge Base Article

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Crypto Access & Eligibility

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Will CoinDCX automatically handle all my tax payments?

No. CoinDCX only provides transaction records, TDS certificates, and access to tax reporting tools. Users remain responsible for calculating, reporting, and paying any applicable taxes while filing their Income Tax Returns (ITR). For tax-related advice, we recommend consulting a Chartered Accountant

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Reports

Build your crypto portfolio on CoinDCX - a safe, simple and a compliant crypto investment app.

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DISCLAIMER

The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. Note Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

*Data sourced from Looker app as on 01st May,2023
*Data as on 01st May,2023
*Quarterly trading volume for Q4 FY'22. Currency conversion rate applied as in data capturing period
*FIU Registered entity, NEBLIO TECHNOLOGIES PVT LTD
*Certified in India for May 2023-24