Gain More Than 100% Tax Subsidy: Exclusive to Indian KuCoin Margin Users
05/14/2024, 17:40:23
Dear KuCoin Users,
We are pleased to inform you that KuCoin has become the first global crypto exchange to be registered in India. Additionally, we've successfully restored our website and apps for users in India.
To commemorate KuCoin users' compliant transactions in India, KuCoin Margin Trading is offering full subsidies to Indian users, ensuring low-cost Margin trading opportunities! For more information, please visit our Taxation page.
Event time: 00:00 on May 15, 2024 ~ 24:00 on May 22, 2024 (UTC+8)
Activity subsidy rules: KuCoin Margin is extending full subsidies on taxes and fees incurred by Indian users during Margin trading through interest-free coupons reward. New Margin trading users will receive interest-free coupons covering these expenses. Enjoy double refunds in the form of interest-free coupons!
During the event, if an Indian user engages in Margin trading and accrues taxes, KuCoin Margin will reimburse this portion through coupons. The face value of the coupon returned is a multiple of 10.
For example: If the tax incurred by the user is 7.8 USDT, a 10 USDT coupon will be issued. Similarly, if the tax amounts to 12.3 USDT, a 20 USDT coupon will be provided.
Terms and Conditions:
- The rewards will be disbursed within 10 working days post-event;
- The Margin bonuses will be distributed through the winners’ Benefits Center page (Web: Go to “My Bonuses” > “Margin Bonus” > click "Receive Now";
- Sub-accounts will be regarded as the same account when participating in the activity;
- Throughout the event, we will rigorously monitor for fraudulent activities, including—but not limited to—malicious trading patterns, mass account registrations, and self-dealing. Participants engaging in such behaviors will be thoroughly reviewed and disqualified. Participation eligibility is determined at KuCoin's sole discretion, and all decisions made by KuCoin are final. The user hereby confirms that joining KuCoin is a voluntary act, and KuCoin has not forced, interfered or influenced the user's decision in any form;
- The final interpretation of all activities belongs to KuCoin.
Risk Warning
Margin trading refers to the practice of borrowing funds with a relatively lower amount of capital to trade financial assets and obtain bigger profits. However, due to market risks, price fluctuations, and other factors, you are strongly recommended to be prudent about your investment actions, adopt an appropriate leverage level for margin trading, and properly stop your losses in a timely manner. KuCoin assumes no responsibility for any losses arising from the trade.
Thanks for your support!
The KuCoin Team
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