Wednesday, 4 November 2026 LatestHow India taxes crypto: 30% tax, 1% TDS, no loss relief Live prices
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Glossary

Crypto, in plain words.

22 terms you meet in the news, explained without jargon.

A

Altcoin
Any cryptocurrency other than Bitcoin. Ether, Solana and XRP are all altcoins.

B

Bitcoin
The first cryptocurrency, launched in 2009. Its supply is capped at 21 million coins, and new coins are created as rewards for miners who add blocks to its blockchain. Read: Bitcoin halvings, explained: why miners earn half as much every four years →
Block
A batch of transactions added to a blockchain together. Each block points to the one before it, which is what makes the chain. Read: Bitcoin vs Ethereum: why one adds a block every 10 minutes and the other every 12 seconds →
Block reward
The new coins a Bitcoin miner earns for adding a block. It halves roughly every four years. Read: Bitcoin halvings, explained: why miners earn half as much every four years →
Block time
The average gap between new blocks on a blockchain. Bitcoin aims for about 10 minutes; Ethereum produces a block every 12 seconds. Read: Bitcoin vs Ethereum: why one adds a block every 10 minutes and the other every 12 seconds →
Blockchain
A shared record of transactions kept by many computers at once, grouped into blocks that are chained together so past entries are very hard to change. Read: Bitcoin vs Ethereum: why one adds a block every 10 minutes and the other every 12 seconds →

C

Cold wallet
A crypto wallet kept offline, such as a hardware device. Harder to hack than an app or exchange account, but you must not lose it or its recovery phrase.

D

DCA
Dollar-cost averaging: buying a fixed amount at regular intervals instead of all at once, so you buy more when prices are low and less when they are high.

E

Exchange
A platform where you buy and sell crypto for rupees or other coins. If the exchange holds your coins, you are trusting it to keep them safe.

G

Gas fee
The fee paid to process a transaction on Ethereum and similar blockchains. It rises when the network is busy.

H

Halving
The scheduled cut, by half, in the number of new bitcoins paid to miners for each block. It happens every 210,000 blocks, roughly every four years. Read: Bitcoin halvings, explained: why miners earn half as much every four years →

M

Market cap
A coin's price multiplied by the number of coins in circulation. A rough measure of how big a crypto asset is.
Mining
Using computers to compete to add the next block to a proof-of-work blockchain like Bitcoin, in exchange for the block reward and fees. Read: Bitcoin halvings, explained: why miners earn half as much every four years →

P

Private key
The secret that controls a crypto wallet. Anyone who has it can move the coins; if you lose it, they are gone. Never share it.
Proof of stake
A way of running a blockchain where validators lock up coins as a stake, instead of using mining hardware. Ethereum switched to it in 2022. Read: Bitcoin vs Ethereum: why one adds a block every 10 minutes and the other every 12 seconds →
Proof of work
A way of running a blockchain where miners spend computing power to add blocks. Bitcoin uses it. Read: Bitcoin vs Ethereum: why one adds a block every 10 minutes and the other every 12 seconds →

S

Seed phrase
A list of 12 or 24 words that can rebuild your wallet and its private keys. Anyone asking for it is trying to steal your coins.
Stablecoin
A crypto token designed to keep a steady value, usually one US dollar, often backed by cash and short-term bonds. USDT and USDC are the largest.

T

TDS on crypto
In India, 1% of the sale value is deducted as tax at source when you sell crypto above set limits. You can claim it against your final tax bill. Read: How India taxes crypto: a flat 30%, 1% TDS, and no relief for losses →

V

Virtual digital asset (VDA)
The Indian Income Tax Act's term for crypto and similar tokens. Gains on VDAs are taxed at a flat 30%, and losses cannot be set off against other income. Read: How India taxes crypto: a flat 30%, 1% TDS, and no relief for losses →
Volatility
How sharply a price swings up and down. Crypto prices are far more volatile than shares or gold.

W

Wallet
An app or device that holds the keys to your crypto. A custodial wallet is one where a company holds the keys for you.