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Simple Steps to Buy STEPN Coin with CoinDCX
STEPN (ticker GMT) is the token of a move-to-earn fitness app where users earn rewards for walking and running. You can buy STEPN coin in India in INR on CoinDCX and trade in a market that stays open 24/7.
Check how much GMT you can buy with your amount in INR
You get 0.000025 BTC for ₹ 100
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STEPN (GMT) is the token of a move-to-earn fitness app on Solana, where people buy NFT sneakers and earn rewards for walking, jogging, or running. The app uses two tokens: GST, an in-app reward token with unlimited supply, and GMT, the capped governance token that trades on exchanges and is what people usually mean by the STEPN coin. GMT is used for governance, staking, and upgrading sneakers, with a fixed supply of six billion tokens. STEPN became hugely popular in 2022, but its move-to-earn model proved hard to sustain, prices crashed, and GMT now trades far below its all-time high. To actually use STEPN, you also need to buy NFT sneakers, and the long-term sustainability of move-to-earn rewards remains an open question.
Because move-to-earn has struggled to stay sustainable and GMT has fallen sharply, it should be treated as a high-risk, speculative asset. In India, GMT is treated as a Virtual Digital Asset (VDA) under the Income Tax Act, so you can legally buy, hold, and sell it. Invest only an amount you are comfortable losing.
FIU-IND registration, ISO/IEC certification, and offline cold storage help keep customer assets secure.
Trade GMT anytime, with UPI and IMPS deposits typically credited within minutes.

CoinDCX provides tools and guides that help first-time investors get started with STEPN.

STEPN’s move-to-earn rewards were difficult to sustain, and prices crashed in 2022 when user growth slowed. This is important to understand because the token’s value has depended heavily on new users joining.

GMT trades far below its all-time high and can swing sharply on sentiment. Judge it on its current, much smaller usage rather than on its 2022 peak.

To actually use STEPN, you need to buy NFT sneakers, so buying GMT on its own is largely a bet on the app winning back users. Research its current activity before you invest in STEPN coin.
Follow these 4 simple steps to start investing in STEPN (GMT) in India:
Create your account and complete KYC.
Transfer INR via UPI, IMPS, NEFT or RTGS.
Open the GMT market and check the live price.
Enter the INR amount and confirm your order
Yes. STEPN (GMT) is treated as a Virtual Digital Asset under the Income Tax Act. Buying, holding, and selling are allowed, though it is not legal tender. India regulates crypto as a taxable, speculative asset, and platforms serving Indian users must be registered with FIU-IND under anti-money-laundering rules.
To buy STEPN for the first time, sign up on CoinDCX, complete KYC with your PAN and Aadhaar, deposit INR through UPI or IMPS, then open the GMT market and confirm your order. Most first-time buyers complete all four steps on the same day.
Add INR to your CoinDCX account by choosing UPI as the payment method, entering the amount, and approving the request in your UPI app. Once the balance reflects, open the GMT market, enter your INR amount, and confirm. UPI deposits are usually credited within minutes.
You do not need to buy a whole GMT. It has a low unit price and is divisible, so a small INR order buys several tokens. The exact per-order minimum is shown on the CoinDCX order screen before you confirm.
Yes. Because GMT has a low unit price and is divisible, ₹100 buys several tokens. Open the app, search for STEPN, tap Buy, enter the rupee amount, and confirm. The order fills at the live rate shown on screen.
GMT can be bought against the rupee on FIU-IND registered Indian exchanges, so no stablecoin conversion is needed. Judge any venue on three points: FIU-IND registration under the PMLA, a direct INR pair, and published custody practices like cold storage and Proof of Reserves.
Buying and holding GMT is not taxed. Selling or swapping it triggers a flat 30% tax plus 4% cess under the Income-tax Act, 2025, resulting in an effective tax rate of 31.2% under Section 194S. Additionally, a 1% TDS is deducted from the total trade value upon transfer under Section 393(1). Crypto losses cannot be set off against other income. Report gains in Schedule VDA and confirm your position with a chartered accountant.
STEPN is a genuinely novel app with a capped governance token and real utility inside its ecosystem. Against that, its move-to-earn model proved hard to sustain; GMT crashed and trades far below its high, you need NFT sneakers to use the app, and the sector is unproven. This makes it a high-risk, speculative asset, so research it fully and treat any decision as your own.
STEPN uses two tokens. GST is the in-app reward token, has an unlimited supply, and is earned mainly for everyday activity and spent on repairs and upgrades. GMT is the governance token, has a fixed supply of six billion, and trades on exchanges as the STEPN coin. When buying STEPN on an exchange, you are buying GMT, not GST.
In STEPN, you buy NFT sneakers and earn tokens by walking, jogging, or running outdoors, tracked by your phone. The tokens can be used to repair and upgrade sneakers or traded. The catch is that these rewards depend heavily on new users, which is why the system struggled when growth slowed. Understanding this dynamic is important before treating GMT as a long-term hold.
CoinDCX is considered one of the leading platforms for buying STEPN in India, with FIU-IND registration under the PMLA, ISO/IEC certification, direct INR funding via UPI, IMPS, NEFT and RTGS, and published Proof of Reserves. Judge any platform on the same points rather than on branding.
Enable app-based two-factor authentication rather than SMS, and use a password you have not reused elsewhere. Never share an OTP, seed phrase, or remote access to your screen. No genuine support agent will ask for them. If you withdraw to a personal wallet, check the address carefully and send a small test amount first, as on-chain transfers cannot be reversed.
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