KuCoin.
Safety facts, TDS and tax for KuCoin users in India.
Incidents
- Sep 2020: About $280M taken in a hot-wallet hack; KuCoin said losses were covered.
- 2024: Registered with FIU-IND after a penalty for earlier non-compliance. Details
Tax for KuCoin users
- Gains from selling or swapping crypto are taxed at 30% plus 4% cess. Losses can’t be set off. Calculate your tax.
- 1% TDS on sales shows in your AIS and Form 26AS. If it’s more than your tax, claim the difference back. Estimate your refund.
- Report every sale in Schedule VDA of ITR-2 or ITR-3. Step-by-step guide.
- P2P trades carry a risk of bank account freezes. How to reduce it.
Frequently asked questions
Is KuCoin safe?
KuCoin is registered with FIU-IND, and has had 2 major incidents (Sep 2020, 2024). No exchange is risk-free: use 2FA, a withdrawal whitelist, and don't keep more on any platform than you need. Read our full guide: is KuCoin legal in India?
Is KuCoin registered in India?
KuCoin is listed as registered with FIU-IND, India’s anti-money-laundering regulator. Registration is not a safety guarantee or a licence.
Does KuCoin deduct 1% TDS?
On P2P trades, the buyer is generally responsible for deducting 1% TDS. Check whether your trades on KuCoin have TDS shown in your AIS.
Does KuCoin report to the Income Tax Department?
Platforms serving Indians report crypto transactions and TDS, which appear in your AIS. From 2026, platforms face penalties for failing to report. Assume your trades are visible to the tax department.
How do I get my KuCoin tax report?
Most exchanges offer a trade history or tax statement download in the app or website. Use it with our free CSV tax report tool to prepare Schedule VDA.