How to · India
Deposits and withdrawals from India
Moon.com is crypto-funded, so getting money in from India means rupees to stablecoins to the platform — and the same path in reverse to cash out. Here is each hop, what it costs, and where the tax touchpoints sit.
What you need to know first
You fund with stablecoins, not rupees
There is no direct INR deposit. You buy a stablecoin — usually USDT or USDC — on an exchange, then send it to the platform. Stablecoins track the US dollar, so a 1,000 rupee deposit becomes roughly 11-12 dollars depending on the rate on the day.
UPI works at the exchange stage
Indian exchanges accept UPI and bank transfer with full KYC. That is where rupees enter the system. Once you hold USDT, moving it onwards is a crypto transaction, not a bank payment.
The network you pick decides the fee
The same USDT exists on several networks. Sending on a low-cost network costs cents; sending on a congested one can cost several dollars. Always pick the network the receiving platform lists, and match it exactly.
Send a test amount first, always
Before your real deposit, send a small amount — five or ten dollars' worth. If it arrives, the address and network are right. Crypto sent to a wrong address or network is usually gone permanently.
1% TDS applies on Indian exchange trades
Buying and selling crypto on an Indian exchange triggers 1% TDS on the transfer, and gains are taxed at 30% with no loss offset. Budget for it and keep every statement — this is the part people forget until filing season.
Withdrawals reverse the same path
Withdraw stablecoins from the platform to your exchange wallet, sell for INR, then transfer to your bank. Each hop has its own minimum, fee and processing time, so plan for a day rather than minutes.
Step by step: rupees to your trading balance
- 01
Complete KYC on a reputable Indian exchange and fund your account with UPI or a bank transfer.
- 02
Buy USDT (or USDC) with your rupees. Check the effective rate, not just the headline price — the spread is a real cost.
- 03
Create your Moon.com account with code PAISA so 3.5% of your future trading fees come back to you. The code cannot be added later.
- 04
Open the deposit screen on Moon.com and copy the deposit address plus the exact network it names.
- 05
Send a small test amount from the exchange on that same network and wait for it to arrive.
- 06
Once the test lands, send the rest. Keep a note of every transaction hash for your records.
- 07
To cash out, withdraw stablecoins back to your exchange, sell for INR, and transfer to your bank. Expect TDS on the sale.
Common questions
Can I deposit rupees directly?
No. Funding is in crypto. Rupees convert to stablecoins at an Indian exchange first, and that exchange step is where UPI and your bank come in.
What is the cheapest way to move USDT?
Use the lowest-fee network that the receiving platform supports, and confirm the network on both sides before sending. Never choose a network just because it is cheaper if the destination does not list it.
How long does a deposit take?
Usually minutes once the network confirms, though exchange withdrawal reviews can add delay on your first transfer out. Withdrawals back to a bank account typically take longer than deposits.
What fees should I expect end to end?
Four separate ones: the exchange spread when buying, the network fee when sending, trading fees on the platform, and the same again in reverse when cashing out. Small deposits get eaten by fixed fees, which is a reason not to move money back and forth constantly.
How does the PAISA rakeback fit in?
It applies to trading fees on Moon.com, not to exchange or network fees. Signing up with code PAISA returns 3.5% of those trading fees automatically, for as long as the account exists.
What records should I keep?
Exchange contract notes, transaction hashes, deposit and withdrawal confirmations and your trading history. Indian crypto tax reporting is transaction-level, so reconstructing it later is painful.
General information only, not tax or financial advice. Indian crypto tax rules change — confirm current rates and reporting requirements with a chartered accountant. Fees, networks and processing times are set by the exchanges and platforms involved and can change at any time; always check the live screen before sending.
Get the highest standing rakeback
Use code PAISA when you create your Moon.com account and 3.5% of every trading fee comes back to you automatically — for life.