--- title: 'Crypto Futures Trading Without USDT: No 1% TDS' source: 'https://youtube.com/watch?v=8YQWCFXpWpY' video_id: '8YQWCFXpWpY' date: 2026-08-08 duration_sec: 175 channel: 'Rakmo Sharma' --- # Crypto Futures Trading Without USDT: No 1% TDS > Source: [Crypto Futures Trading Without USDT: No 1% TDS](https://youtube.com/watch?v=8YQWCFXpWpY) ## Summary This video demonstrates how to trade crypto futures on the MDX platform using INR (Indian Rupee) instead of USDT, thereby avoiding the 1% TDS (Tax Deducted at Source) that is typically applied when selling USDT. The presenter walks through the process of depositing INR, selecting INR as the margin currency, placing a futures order, and managing margin to reduce liquidation risk. ### Key Points - **Avoiding 1% TDS on USDT sales** [00:01] — The video addresses the problem of paying 1% TDS when selling USDT in crypto futures trading. It introduces a solution: trading futures directly with INR on the MDX platform, so profits and losses are settled in INR and can be withdrawn to a bank account without the TDS hassle. - **Depositing INR into MDX** [00:16] — To start, users must deposit funds into their MDX wallet by clicking 'Add INR' on the home interface, then 'Continue to Pay'. The funds are credited within a second. - **Selecting INR as margin currency** [00:45] — After depositing, users click the futures icon and then select INR (instead of USDT) as the margin currency. This ensures that margin payments, profits, and losses are all in INR, and withdrawals go directly to the bank account. - **Transferring funds to futures wallet** [01:11] — Users must transfer funds from their INR wallet to the futures wallet by clicking 'Transfer Funds' and selecting 100% (or a custom amount). The transfer is instant. - **Trading pairs and margin in INR** [01:25] — The trading pairs remain in USDT (e.g., BTC/USDT), but the margin is paid in INR. This means the entire process—margin, P&L, and settlement—is done in INR, avoiding the need to sell USDT and incur TDS. - **Placing a short order** [01:53] — The presenter demonstrates placing a short order by clicking 'Proceed to Short' and then 'Confirm Short Order'. The order is completed instantly, and details are visible under 'Open Positions'. - **Editing margin and liquidation price** [02:06] — Users can edit their margin by clicking the pencil icon. Adding more margin lowers the liquidation risk. For example, the liquidation price moved from $80 to $82 after adding margin, reducing the chance of liquidation. - **Closing the position** [02:38] — To close a position, users click 'Close' and confirm. The funds are then added back to the INR wallet, ready for withdrawal to the bank account. ### Conclusion MDX offers a practical way to trade crypto futures without the 1% TDS burden by using INR as the margin currency. This simplifies the process and makes withdrawals easier for Indian traders. ## Transcript If you also do futures trading in crypto and repeatedly have to pay 1% TDS at the time of selling USDT, then from now on you will not have to do this because you can do crypto futures trading inside mdx. In Direct IAR, there is In Direct IAR, there is and after booking the profit and loss in IAR, when you sell the order, your funds will come in IAR itself and you can withdraw them to your bank account. can withdraw them to your bank account. In your mdx home interface, first of all you have to deposit funds by clicking on Add IAR here. You will click here above Continue to Pay. Your funds will be here within a second. Ok? Then you have to click on this futures icon here. The this futures icon here. The dollar and IAR signs will be appearing here above. You have to click on IAR on this. So your margin payment will be in IAR only. This means that your profit and loss will be in your IAR and you will be able to get your IAR directly in your bank account. So your IAR wallet will come down here. You have to click on it. You have to click on Transfer Funds. For example, if I want 100% here, then as soon as I click on 100% transfer, my funds get deposited here within 1 second. Now I am here all ready to trade futures trading on any pair. And the most amazing thing here is that the pair is going to be USDT only. It will not happen that your Bitcoin will become a pair of IAR. The pair is Bitcoin will become a pair of IAR. The pair is of USDT only but the margin payment will be in IAR due to which the entire process will be done in IAR only. Whatever pair you can select it here. So let me place the order here and show you. I click on Proceed to Short. I am able to see all the details. My order has been completed as soon as I clicked on Confirm Short Order. I had not done any research etc. I was just taking an order and showing it to you as an example. Have to come down to open positioning. Here I can see all the details. And the amazing thing is that whatever I have done on the margin here, I can also edit it by clicking on the pencil icon in IAR. That means I can add in more margin. Like right now the liquidation price is $80. That means it is at 73. It is currently 80. Ok? There is a little gap here. But if more margin is added here, see what happens? Now the liquidation price has become 82. That means he went away. This means that the chances of the order getting liquidated have reduced further. So in this way you can also add margin. And you can see here that the profit I am making is when I close this positioning, I will click on close here and close the position, then see, it has been closed successfully. These funds will be added to my wallet. INR in wallet