₿ Cryptocurrency Converter

Cryptocurrency Converter - Live Crypto Prices, Market Data & India Tax Guide

Cryptocurrency prices move constantly - the Bitcoin price you saw five minutes ago is already outdated. This converter pulls live prices directly from CoinGecko every 60 seconds, giving you an accurate conversion whenever you need it. Whether you're checking the current value of your holdings, figuring out how much BTC you can buy for a set amount in rupees, or calculating what you'll owe in tax after a sale - the tools are all here in one place.

Bitcoin, Ethereum and the Crypto You Actually Need to Know About

With thousands of cryptocurrencies in existence, knowing which ones actually matter is half the battle. Here are the key ones covered in this converter and why they're significant:

How Cryptocurrency Is Taxed in India - The 30% Rule

India has one of the strictest crypto tax regimes in the world, introduced in the Union Budget 2022. Understanding the rules is essential before calculating profit from any crypto trade:

• 30% flat tax on all crypto gains - no matter how long you held the asset. Unlike equity, there is no long-term vs short-term distinction. Whether you hold for one day or five years, the rate is 30%.
• 4% cess on top - effective rate is 31.2%.
• Only allowed deduction: cost of acquisition (what you paid for the coin). No deduction for transaction fees, hardware wallet costs, electricity for mining, or any other expenses.
• No loss set-off: Losses from one cryptocurrency cannot be offset against gains from another, or against any other income (salary, stock gains, etc.).
• 1% TDS deducted by the exchange on every transaction above ₹50,000/year (₹10,000 for specified persons). This is a tax credit, not an additional tax - it gets credited against your final tax liability.
• Reporting required: All crypto transactions must be reported in your ITR (Income Tax Return) in the new VDA (Virtual Digital Asset) schedule, even if TDS was already deducted.

The P&L calculator in the tab above shows your gross profit from a crypto trade. To estimate your India tax liability, multiply that profit by 0.312 (31.2%).

Why Crypto Prices Differ Between Exchanges

You may notice that the Bitcoin price on Binance, Coinbase, WazirX, and CoinDCX all show slightly different numbers at the same moment. This happens because each exchange runs its own order book - prices reflect the supply and demand specifically on that platform, not a single global market.

CoinGecko (the data source for this converter) calculates a weighted average price across major exchanges. This gives a more neutral reference price than any single exchange. The spread between exchanges is usually small for major coins like BTC and ETH (often less than 0.5%), but can be larger for smaller altcoins with thinner order books.

For Indian investors, the INR price on domestic exchanges (CoinDCX, WazirX) also includes the exchange's own spread and the GST on exchange fees - so the effective purchase price per Bitcoin is slightly higher than the raw conversion of the USD price at the current forex rate.

Understanding Market Capitalisation and Why It Matters

Market cap = Current price × Circulating supply. It's used to rank cryptocurrencies by size and compare relative scale. A few things to keep in mind:

• Bitcoin's market cap of ~$1.8 trillion makes it comparable in size to the world's largest companies. It is the dominant cryptocurrency and typically accounts for 45–60% of the total crypto market cap.
• A small market cap coin is not necessarily cheap - it might be cheap per token because there are billions of tokens in circulation, but moving the price significantly requires less capital than a Bitcoin move.
• Fully Diluted Valuation (FDV) counts all coins that will ever exist including those not yet minted. If FDV is much higher than current market cap, a lot of supply is yet to hit the market - potentially diluting existing holders.
• Market cap can be misleading for illiquid coins - the "last traded price" applied to the full supply doesn't reflect what would actually happen if you tried to sell all that supply.