No USDT? Trade Crypto Futures with UPI!
45sHigh curiosity about bypassing USDT and TDS, a major pain point for Indian crypto traders.
▶ Play ClipAI Summary
This video demonstrates how to trade cryptocurrency futures on Mudrex using Indian Rupees (INR) instead of USDT, eliminating the need for USDT and the 1% TDS on withdrawals. The presenter walks through the process of switching to INR, depositing funds, placing a trade, and withdrawing profits directly to a bank account.
Chapters
[00:03]
Direct INR Futures Trading
Mudrex allows futures trading with INR, avoiding USDT and 1% TDS on profits/losses.
[00:18]
Switching to INR
In the futures interface, click on the Rupees icon to change the wallet currency to INR.
[00:34]
Margin in INR
Margin payments are made in INR, with a minimum deposit of ₹100.
[00:50]
Deposit Methods
Deposit via UPI apps like Paytm, PhonePe, or Google Pay; funds appear within seconds.
[01:18]
Trading Pairs
All trading pairs remain the same as USDT futures, but margin is paid in INR.
[01:32]
Example Trade
Selecting Solana and buying long with ₹1000 requires only ₹91 margin (10x leverage).
[02:03]
Order Placement
Order value ₹94 with 10x leverage, margin ₹91, all in INR.
[02:19]
Profit/Loss in INR
Closing a position shows profit/loss in INR; example shows ₹199 after closing.
[02:45]
Withdrawal to Bank
Profits can be withdrawn directly to a bank account without 1% TDS.
Mudrex offers a seamless way to trade crypto futures with INR, simplifying deposits and withdrawals while avoiding USDT and TDS. This makes it accessible for Indian traders.
Mentioned in this Video
Tutorial Checklist
1
00:18
Open Mudrex futures interface and click on the Rupees icon to switch wallet currency to INR.
2
00:50
Click 'Add INR' and deposit a minimum of ₹100 using UPI apps like Paytm, PhonePe, or Google Pay.
4
01:32
Enter the order amount; margin will be calculated in INR (e.g., ₹91 for ₹1000 with 10x leverage).
Study Flashcards (4)
What is the minimum deposit amount for INR futures on Mudrex?
easy
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What is the minimum deposit amount for INR futures on Mudrex?
easy
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₹100
00:50
How can you deposit INR into Mudrex futures?
easy
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How can you deposit INR into Mudrex futures?
easy
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Via UPI apps like Paytm, PhonePe, or Google Pay.
00:50
What is the margin required for a ₹1000 trade with 10x leverage?
medium
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What is the margin required for a ₹1000 trade with 10x leverage?
medium
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₹91
01:32
What is the benefit of using INR instead of USDT for futures trading on Mudrex?
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What is the benefit of using INR instead of USDT for futures trading on Mudrex?
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No USDT requirement and no 1% TDS on withdrawals.
00:03
💡 Key Takeaways
💡
No USDT, No TDS
This is the core value proposition, directly addressing a common pain point for Indian traders.
00:03
📊
Low Margin Example
Shows a concrete example of how leverage works with INR margin, making it easy to understand.
01:32
🔧
Direct Bank Withdrawal
Highlights the ease of withdrawing profits directly to a bank account, a key advantage.
02:45Full Transcript
[00:03] with Direct UPI without any USDT. And the profits and losses that you incur will also be in IAR. No USDT requirement, no 1% TDS. mdrax's home interface. Here you have to
[00:18] click on futures and above you can see the IAR and dollar signs appearing before you. As soon as you click on Rupees here, your entire wallet for crypto currency future trading will be changed and set to IAR. This
[00:34] means that you will get the opportunity to pay margin in sub IAR. Margin is the amount you pay in cryptocurrency futures trading to have your order processed from your wallet. Look, I have already deposited my ₹200 here. If
[00:50] you click on Simply Add IAR here, you will see that you will be able to deposit a minimum of ₹100 here. You simply have to click on Continue to Pay. After that you will see Paytm, PhonePe, Google P here. Whichever app you use
[01:03] , you simply click on Continue. Your app will open. You will enter the PIN there and within a second the funds will start appearing there. Now you can see it by scrolling down here. All pairs will remain the same as
[01:18] in USDT. But instead of the currency you used to pay for margin, which was USDT, you will be able to pay for margin in IAR. For example, I select Solana here. And here for example I click on Buy Long.
[01:32] And you can see here that my IAR Futures Wallet is coming here as ₹200 and see this required margin ₹, that is, if I type ₹1000 here then see what will happen? ₹91 is going into my margin. Now
[01:49] even after taking the order, whatever profit loss I incur will also be in IAR only. And then I will also be able to withdraw it directly into my bank account in crypto currency without paying 1% TDS. will click on Proceed to Long here. I am able to see all these things. Order
[02:03] Order value ₹94 10x leverage and ₹91 No USDT Nothing Rupees my margin is going here. If I pay Continue to Long, my order has been placed here. Even if I close this order, will
[02:19] I still be able to see the profit and loss in IAR? So let me show it to you. What is there to tell? I will click here on close positioning. I select it 100%. Click on Close Positioning and see my
[02:31] order has been closed. Let me show you. ₹199 I would have let the order I had placed run and by chance I would have made profit, so I would have closed it later. After making a profit, let's say ₹2030, then I would have
[02:45] seen my funds worth ₹220 or ₹230 here. I could have easily withdrawn by simply clicking here and clicking on Withdraw.
