How will rewards from CoinSwitch Earn be credited to my account?
- The rewards and the original locked amount will be credited to your CoinSwitch portfolio.
- It will be in the same currency as the crypto you have locked.
- The rewards will be credited at the end of the lock-in and unlock period.
When will I get my rewards?
If your holdings are locked for the entire lock-in duration:
- Your rewards and the locked amount will be automatically withdrawn at the end of the term.
- Depending on the coin that has been locked, it may take a few days for the coins (including the rewards) to be made available in your wallet for trading.
Are my CoinSwitch Earn rewards taxable?
Your rewards are eligible for TDS deductions if the value of your rewards exceeds INR 20,000 in a financial year.
Do I need to do an additional KYC to earn rewards with CoinSwitch Earn?
- No, you will not need to undergo any additional KYC processes to get rewards with CoinSwitch Earn.
- Your previously completed KYC to trade crypto on CoinSwitch will be sufficient.