Introduction
Crypto-INR perpetual futures are a new and exciting financial instrument for trading major cryptocurrencies against the Indian Rupee (INR). These derivative contracts allow traders to speculate on the future price of cryptocurrencies without ever needing to own the underlying crypto assets. This has been introduced by an Indian exchange Pi42.
Pi42 is a leading cryptocurrency derivatives exchange that offers Crypto-INR perpetual futures trading with up to 20x leverage. With deep liquidity, low fees, and an intuitive trading interface, Pi42 provides Indian traders with easy access to crypto futures markets.
This comprehensive guide will walk you through everything you need to know to start trading crypto perpetual futures on Pi42 as a beginner.
Understanding Perpetual Futures
Perpetual futures contracts are a specialized type of futures contract with no expiry date. They allow traders to speculate on the future price of an asset, just like traditional futures, but without having to roll over contracts when they expire.
Some key advantages of trading perpetual futures over traditional futures include:
- No expiry dates – Remain open indefinitely as long as margin requirements are met
- Higher leverage – Leverage up to 20x on Pi42 exchange for bigger profit potential
- Deep liquidity – Large trading volumes and tight spreads for better pricing
- Lower costs – No need to roll over contracts means lower trading fees
- 24/7 markets – Crypto markets never close allowing constant trading
For those new to futures trading, perpetual futures provide easy access to crypto derivatives markets without some of the complexities of traditional futures contracts.
Getting Started with Pi42 Exchange
Getting started trading on Pi42 exchange only takes a few minutes. Follow these steps:
- Register for an account by providing your name, email, and setting a password
- Verify your identity by submitting KYC documents
- Fund your account via bank transfer or cryptocurrency deposit
- Navigate the exchange interface and trading tools
- Analyze markets using charts and indicators
- Execute your first trade!
The Pi42 trading platform and mobile app offer a smooth, intuitive user experience specifically tailored to trading Crypto-INR perpetual futures.
Some key features include:
| Feature | Description |
|---|---|
| Multiple order types | Market, limit, and stop-loss orders |
| Advanced charting | Candlestick, line, and depth charts with 50+ indicators |
| Risk management | Leverage up to 20x, partial close tool, and price alerts |
| Fast execution | High-speed matching engine with real-time market data |
| Secured trading | Multi-signature wallet integration and 2FA authentication |
With its focus on security, liquidity, and an excellent user experience, Pi42 offers Indian traders the ideal platform for accessing crypto futures markets.
Funding Your Account
To start trading perpetual futures on Pi42, you first need to fund your exchange account. Pi42 offers several convenient options:
Fiat Currency Deposits
Deposit Indian Rupees (INR) directly from your bank account via NEFT, RTGS, IMPS or UPI transfers.
| Deposit Method | Fees | Processing Time |
|---|---|---|
| NEFT / RTGS | No fees | 1 business day |
| UPI Transfers / IMPS | No fees | Instant |
Cryptocurrency Deposits
Deposit any of Pi42’s supported cryptocurrency assets directly from an external wallet. Assets include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
Cryptocurrency deposits carry a small network fee and are credited after 1 confirmation on the blockchain.
Trading Interface and Tools
Pi42 offers a robust trading interface equipped with advanced charting tools, order types, and custom indicators to help traders analyze the markets and execute precision cryptocurrency trades.
Charting Tools
Analyze price action on Pi42’s customizable charts:
- Candlestick charts
- Line charts
- Depth charts
- Indicators like RSI, MACD, Bollinger Bands etc.
Order Types
Submit different types of buy and sell orders:
- Market order – Execute immediately at current market price
- Limit order – Trigger order at set price target
- Stop-loss order – Limit downside by setting stop price
Risk Management
Manage your risk exposure using key features:
- Leverage – Up to 20x leverage means higher profit potential
- Partial close tool – Close a portion of your open position
- Price alerts – Get notified when price hits key levels
With its robust toolset tailored to crypto derivatives trading, Pi42 offers traders the features they need to execute advanced trading strategies.
Executing Your First Trade
Once your account is funded, it’s time to execute your first perpetual futures trade on Pi42:
- Select market and trading pair – For example, BTC/INR perpetual futures
- Analyze charts using indicators to identify trading opportunities
- Determine position size and acceptable risk level
- Select leverage up to 20x to maximize potential profits
- Place a market or limit order to enter your position
- Set a stop-loss order at a defined price threshold
- Monitor your open position and price movements
- Close your position by submitting a closing order
Start small with a fraction of your capital to test your trading strategy before scaling upwards. This hands-on walkthrough will familiarize you with the trading interface and help build confidence as you learn how to trade.
Risk Management Strategies
While crypto futures offer exciting profit potential, they also come with significant risk if not traded carefully. Here are some key risk management tips:
Stop-Loss Orders
Always use stop-loss orders when taking a position to automatically close out your trade at a defined loss limit in case the market moves against you.
Responsible Leverage
While leverage can maximize profits, overleveraging can lead to devastating losses if the market shifts. Use conservative leverage of 5-10x when starting out.
Diversify Your Portfolio
Trade a mix of assets and use proper position sizing for each trade based on its risk profile. Don’t put all your capital into one volatile trade. Diversification is key.
With robust risk management, traders can harness the profit potential of crypto futures while limiting their downside exposure.
Security Measures
As a regulated Indian exchange, Pi42 implements rigorous security safeguards:
- Secure wallet integration to safeguard crypto asset deposits
- 2-factor authentication requirements for account access
- Automated KYC verification and identity confirmation
- Ongoing AML transaction monitoring to detect suspicious activity
- SSL encryption and data privacy protocols
- 95% of user funds held in cold storage
By making security the top priority, Pi42 provides traders peace of mind over the safety of their capital and personal data.
Mobile Trading
Pi42 offers a cutting-edge mobile app so traders can monitor markets and execute crypto futures trades on-the-go:
- Intuitive mobile interface with gesture-based controls
- Real-time market data and alert notifications
- Lightning-fast trade execution speeds
- Analyze charts and place orders with tap-and-swipe gestures
- Fingerprint/FaceID login for quick, secure access
With the convenience of mobile access, traders can capitalize on trading opportunities no matter where they are.
Customer Support and Resources
Pi42 provides extensive learning resources and multilingual customer support:
Educational Resources
- Video tutorials covering basics to advanced crypto trading strategies
- Free online trading courses and webinars
- Glossary explaining key trading terms
Customer Support
- 24/7 multilingual live chat and email support
Between its suite of learning materials and readily available customer service, Pi42 ensures clients have the support they need to trade confidently.
Conclusion
This comprehensive guide covered everything required to start trading crypto-INR perpetual futures successfully on Pi42 exchange as a beginner. With its mix of advanced trading tools, robust security, deep liquidity, and intuitive interface, Pi42 offers an outstanding platform for accessing these exciting new crypto derivative markets.
We encourage you to start slowly, learn through practice, and implement strong risk management models like stop losses and conservative leverage usage. Over time and with accumulated trading experience, you can scale into larger positions as you master cryptocurrency trading on Pi42 exchange using perpetual futures contracts.
Here is a FAQ section with 15 questions and answers related to crypto-INR perpetual futures trading:
Frequently Asked Questions
What are perpetual futures contracts?
Perpetual futures are derivative contracts that allow speculation on an asset’s future price without expiry dates. You can hold perpetual positions indefinitely as long as margin requirements are met.
What cryptocurrencies are available for perpetual futures trading on Pi42?
Pi42 currently offers perpetual futures contracts for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) against the Indian Rupee (INR). More cryptos coming soon.
What are the trading hours on Pi42 exchange?
As a crypto derivatives exchange, Pi42 offers 24/7 trading access as crypto markets operate around the clock without closing. You can trade perpetual futures at any time.
What is the maximum leverage allowed on Pi42 for crypto futures?
Pi42 allows up to 20x leverage for crypto-INR perpetual futures contracts currently. Use leverage conservatively as it amplifies profits but also increases risks.
How do I deposit funds to start trading on Pi42?
You can deposit INR via bank transfer or cryptocurrencies by sending to your Pi42 wallet address. Both options are easy and convenient.
What fees does Pi42 charge for perpetual futures trading?
Pi42 offers low trading fees starting from 0.075%. There are no deposit/withdrawal fees, only network costs for crypto transfers.
How risky are crypto perpetual futures contracts?
Crypto futures carry substantial risk and are not suitable for all investors. Only risk capital you can afford to lose as leverage can lead to amplified losses.
Is Pi42 a regulated cryptocurrency exchange in India?
Yes, Pi42 is a fully regulated crypto derivatives exchange registered under all relevant Indian financial authorities.
How do I place different order types on Pi42 exchange?
Pi42 offers market, limit and stop-loss orders. Use advanced orders to execute trades automatically based on price targets.
What security measures does Pi42 implement?
Pi42 utilizes cold storage, 2FA authentication, SSL encryption, KYC verification and other security measures to protect user assets and data.
Can I trade crypto perpetual futures on mobile?
Yes, Pi42 offers full-featured iOS and Android applications so you can trade futures contracts on the go conveniently.
How do I close an open perpetual futures position?
You can close positions anytime by placing a sell order equal to your contract size. Your profit or loss will be reflected in your margin balance.
What is the contract size for crypto perpetual futures on Pi42?
The contract size is 1 unit of the underlying cryptocurrency. For BTC futures, each contract is worth 1 BTC at market prices.
How are perpetual futures prices determined?
Prices are driven by the spot price of the underlying crypto asset plus any premium/discount based on market sentiment and trading activity.
Who regulates Pi42 exchange in India?
Pi42 operates under the regulation of SEBI, RBI and other relevant Indian financial authorities to offer secure crypto trading.
Disclaimer: Cryptocurrency trading carries substantial risk and is not suitable for all investors. This article does not provide individual financial advice. Please carefully consider your financial situation, investment objectives, risk tolerance, and trading experience before getting involved with high-risk investments like crypto derivatives. Seek professional financial advice if needed.
