Cryptocurrency Q&A
Why is my STT high?
Why is my STT high?
Valentina
Sat Aug 10 2024
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5 answers
1492
I'm curious to understand why your STT, or Smart Token Threshold, is currently high. Can you elaborate on any recent transactions or activities that might have contributed to this increase? Additionally, have you checked your token's velocity and trading volume to see if there are any notable changes that could be impacting your STT? Lastly, have you reviewed any potential external factors, such as market sentiment or regulatory changes, that might be influencing your token's performance?
5 answers
SamsungShine
Mon Aug 12 2024
For instance, if your contract note or the Profit and Loss (P&L) section on your trading app displays "Zerodha" as the provider, it could indicate that the information has not been updated. This could lead to confusion, especially when dealing with Securities Transaction Tax (STT).
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CryptoProphet
Mon Aug 12 2024
The STT reflected in your contract note is specifically for the shares that you have sold. Conversely, the STT displayed in your trading app might encompass all your transactions involving shares, including both buys and sells.
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KimchiQueenCharmingKiss
Mon Aug 12 2024
It's crucial to keep in mind that such inconsistencies can affect your understanding of your financial standing and potentially lead to inaccurate tax calculations. Therefore, regularly checking and updating your trading app and contract notes is imperative.
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GeishaWhisper
Mon Aug 12 2024
In the realm of cryptocurrency and finance, discrepancies can arise for various reasons. One such reason may stem from outdated information displayed on trading platforms or applications.
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Sara
Mon Aug 12 2024
In the world of cryptocurrency exchanges, BTCC, a UK-based platform, offers a range of services to cater to diverse trading needs. Its portfolio includes spot trading, where users can buy and sell cryptocurrencies at current market prices, and futures trading, which allows for speculating on future price movements.
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