At a point at which the most popular people are talking about it and social media platforms like Reddit and award winning actors like Sir Anthony Hopkins have entered the NFT space, its impossible to have not heard about NFTs. If you have money you are ready to invest and are looking for lucrative options, you also might want to consider these digital assets investors are crazy about. Most individuals trade in NFTs as long-term investments to receive big returns because they are one of the most viable investment portfolios available to investors and traders. If you've decided that it's time t ..read more

Bear market or not, NFTs are still in vogue and everyone’s looking to get in on the ground floor of the next hot project. There are two main reasons why people turn to NFT investments: NFTs are simple to trade and tend to increase in value quicker than tokens. NFTs offer a variety of benefits in addition to financial gains. What’s more, trading NFTs doesn't require you to be an experienced investor. Anyone with a basic level of knowledge of the web3 world can start participating in NFT marketplaces. It can be advantageous to hold and trade NFTs given that they appear to be the future of man ..read more

We know you have your opinions on NFTs - these crypto world elements are impossible to ignore. We are also aware that not everyone is looking for a hexagonal twitter profile image (Oh hi Mark!). Consequently, as the web3 space keeps introducing NFTs into different spaces of its own, it becomes essential to take a good look at them and understand where NFTs are made use of. But before you go ahead, there are two things to keep in mind. NFTs are web3 records that allow you to own both onchain and offchain products. While many of us recognize NFTs as being synonymous with ownership of art, art ..read more

What are NFTs? NFTs or Non-Fungible Tokens are unique, indivisible digital assets created on blockchains. An NFT’s uniqueness is proven by a distinct label that is created with the use of special cryptographic code, and this uniqueness makes it so that no token can be interchanged for another. This lack of interchangeability is what makes it “non-fungible”, unlike say Bitcoin, where 1 BTC is always the same as another BTC in circulation. While fungibility makes an asset useful as a currency or payment method, non-fungible tokens have found their use as on-chain representations of assets like ..read more

With the dawn of cryptocurrencies since the origin of Bitcoin, crypto has been treated as just an investment opportunity and not an alternative source of payment. While we have a lot of crypto experts in the market who know what to do with their crypto, a majority still don’t know what else can be done with their hodl-ed crypto. With Defy’s Send and Receive, users are enabled to Withdraw and Deposit cryptocurrencies to their wallets, whether hardware wallets or digital wallets. What coins can be transferred? With Defy’s Send & Receive, users can send and receive ETH, BTC, BNB, SOL, MATIC ..read more

As per the Finance Act of 2022, from 1st July 2022, the sale of Virtual Digital Assets (VDAs) will be subject to Tax Deduction at Source (TDS) of 1%. Defy will be required to deduct this tax during trade execution and then file TDS returns with the income tax authorities. The TDS can be adjusted against your overall tax liability at the time of filing your annual income tax returns. To ensure a smooth investing experience for you and to remain compliant with the tax laws, you as a user need not perform any extra steps while transacting on Defy. Defy will do the needful. Here’s how the TDS wil ..read more

Cryptocurrency sending and receiving is at the heart of the crypto-verse. While the majority of India is getting acquainted with UPI, sending and receiving crypto is still a very new issue for the general public, therefore sending and receiving crypto won't make much of an issue to the general public, as the process on Defy is fairly straightforward. While we urge the people to try out the feature and start sending and receiving crypto to their friends, businesses, and other fellow wallet holders, there are some preventive measures are to be taken into consideration Make sure the correct w ..read more

For centuries money has been making the world go around in one form or another. When humans started living in settlements, communities would trade with one another, giving individuals an entirely new way of gathering wealth and facilitating the expansion of countless empires throughout history. There is no exact evidence on a timeline when money first came into the picture, but we know for a fact that its origin predates written history for a long time. Anthropological evidence suggests that money was invented as a replacement for bartering but this could be counter argued as there is not eno ..read more

What is Staking? Staking a cryptocurrency is kind of like putting your money in a fixed deposit. You simply lock your crypto tokens and earn a stable return on them. Unlike a traditional FD, staking does not have a minimum lock-in period, and you can deposit more crypto tokens to the staked amount at any time. There is however a minimum “unbonding” period, which means it typically takes a few weeks to free up your staked tokens. Now banks pay you an interest by lending the money you’ve deposited and gathering fees on that. Staking doesn’t work the same way. Bitcoin runs on something called a ..read more

What is Metamask? Metamask is a cryptocurrency wallet that enables users to store & transfer ERC-20 tokens that they can either purchase on the platform or transfer from other exchanges. Metamask is one of the leading crypto wallets along with Exodus, MyEtherWallet, Trust Wallet, and several others. Metamask works both on your phone as a native application and a browser extension. Most browsers like Chrome, Opera, and Firefox have the extension available in their stores. How to set up your Metamask Wallet Once you’ve downloaded the Metamask extension, you’ll be able to create an account ..read more