No-KYC services in India (2026)

No-KYC services from India in 2026: 30% tax + 1% TDS on transfers; local exchanges fully KYC; P2P routes remain.

India treats crypto as taxable Virtual Digital Assets with a 30% flat tax and 1% TDS on transfers. Local exchanges enforce KYC.

Legal context

• Crypto treated as Virtual Digital Asset under Income Tax Act — 30% flat tax on gains, 1% TDS on transfer.
• FIU-IND (Financial Intelligence Unit) regulates AML compliance for VDA Service Providers.
• SIM-registration via Aadhaar-linked verification.

Payment rails available

• UPI — instant payment rail, widely accepted by P2P sellers.
• IMPS / NEFT — bank transfer fallbacks.
• Cash routes locally.

Crypto and exchange routes

• Bisq P2P with UPI
• Hodl Hodl Multisig P2P with UPI
• RoboSats Lightning P2P
• Trocador Instant swap aggregator
• Monero Privacy coin

VPN and network

• Mullvad VPN No-account
• Proton VPN Free tier

Email

• Proton Mail Swiss
• Tuta (Tutanota) German

Mobile, hosting, messaging

• Silent.link Anonymous eSIM
• Signal Messaging
• SimpleX Chat Messaging without phone

Caveats specific to India

• 1% TDS applies to transfers; track for tax purposes if you are a tax resident.
• SIM-registration is Aadhaar-linked — anonymous SIM purchase functionally impossible.
• FIU-IND registration requirements affect which international exchanges accept Indian users.

FAQ

Is Monero legal in India?

Holding and transacting peer-to-peer is legal. The 30% tax on gains and 1% TDS on transfers apply to VDA activity. Local exchanges generally do not list XMR.

Sources

1. FIU-IND
2. Income Tax India

Country page reviewed May 12, 2026. Cite as: https://fuckyc.org/country/india/