Pi42 Exchange Review 2024: Features, Fees, and Security Overview

In this article, I will discuss Pi42 Exchange, a cryptocurrency exchange.

We’ll examine its strengths: intended tax efficiency, high-leverage options, perpetual futures on Crypto-INR, and strong security measures.

Beginners or experienced traders – Pi42 Exchange is a unique crypto trading platform that suits all crypto trading preferences​ of the market participants.

What is Pi42?

Pi42 has been launched as a crypto-INR perpetual futures trading exchange in India.

Established by seasoned entrepreneurs Nischal Shetty and Avinash Shekhar, Pi42 allows users to trade in Indian Rupees (INR) directly without going through stablecoin conversions.

This exchange allows 75x leverage, risk management tools, and trading with TDS and VDA tax avoided.

They aim to encourage crypto trading among Indian traders by enhancing their overall trading experience without compromising security.

Pi42 Exchange Overview

How to Sign Up on Pi42 Exchange?

To create an account with Pi42 Exchange, you will need to follow the procedure below:

Establish an Account:

• Go to the Pi42 Exchange website or get the mobile application from the Google Play Store or App Store.
• Register using either the email or Google account.

Complete the KYC Verification Process:

After logging in, you will get a notification about KYC.

Enter Aadhar and PAN numbers for verification purposes, which can be done through DigiLocker or by uploading a clear image of the front and back sides of the Aadhar card.

Type your date of birth and a live selfie to be used to verify you.

Deposit Funds:

Add your bank account, and transfer funds in INR using any of the quick methods provided by the platform.

Trade:

Choose the Crypto-INR trading pairs you want to trade and start the exchange. Pi42 provides margin trades to advanced-level users.

If you have any questions or want more information, kindly visit their support page.

Pi42 Exchange Fees

To assist those who trade, Pi42 Exchange made an effort to structure their charges. Everything is fair and clear.

Trading Charges:

• Only a modest fee is imposed on both makers and takers, which applies to every trade. The percentage may be different according to trading volume as well as leverage.

Deposit and Withdrawal Charges:

• INR Deposits: Normal or largely free of fees concerning bank deposits.
• Crypto Withdrawals: Users will have to pay the usual network fees for withdraws specific to cryptocurrencies depending on the traffic within the blockchain.

Lurking Charges:

• There are no lurking charges, and users can enjoy transparency.

How Many Types of Trading Options Available

Pi42 has multiple options for trading as per the different strategies and tastes almost all the users would have:

Margin Trading: Switching a User’s level from a trader to a lender of small amounts with interest.

Stop-Loss Orders: More sophisticated options for loss minimization include selling the asset in a bearish market when it goes below a certain price.

Perpetual Futures Contracts: Allows users to easily buy and sell amounts of any cryptocurrency of the Indian Rupee without switching to a stablecoin first.

Such options give users a little leeway and consideration, allowing them to customize their trading experience per their requirements and risk appetite.

Pi42 Exchange Features

Crypto-INR Perpetual Futures

Trade popular cryptocurrencies such as Bitcoin and Ethereum directly against the Indian Rupee (INR) without first converting to a stablecoin.

A perpetual future allows a position to be kept open indefinitely; thus, it is handy in some situations.

Excessive Leverage

Up to 20x is offered in position leverage, meaning higher referral fees for the traders. This is supposed to be appropriate for advanced traders who are out looking for extreme returns.

Obliteration of Tax Implications

A 1 percent TDS or a 30 percent flat tax isn’t involved since the platform doesn’t contain any ideal cryptocurrency transactions, as stated under India’s VDA tax regulation.

Trade Security

Various security measures, including cold storage of user funds and compatible encryption, enable a safe trading environment.

Guarantee Wokable Graphs

Precise yet useful graphs, active market data, and reconfigurable tools are appropriate for amateur and professional traders.

Enable All Transactions

The service has instant bank transfer options allowing direct funds transfer into or out of Indian Rupees.

No Various Additional Charges to Concern Overpective Costs

Affordable trading rates with easy-to-distinguish service costs are intended to be less every day.

Risk Management Tools

Implementing stop-loss and take-profit orders reduces the chances of losing more money than intended while trading.

Pi42 Exchange Mobile Application

This Pi42 Exchange mobile app has been designed and developed to focus on usability and allows users to place trades on crypto-INR perpetual futures from their mobile devices.

It lets users deposit and trade in Indian Rupees (INR) instead of trading in stablecoins and offers 75 times leverage.

The app includes features such as stop-loss orders and risk management tools that help with quick execution and reduce trade risks.

Established with the courtesy of tax optimization practices and regulations, the Pi42 mobile application accepts amateurs and experts who would like to make transactions even when away from their desktops.

Refer your Friends to Earn Money Forever, Effortlessly

Tell your friends about Crypto Futures Trading and earn 20% off their trading fee for an unlimited period while they enjoy 10% off on the Trading Fees. Invite Friends.

Why Trade with Pi42 API?

Seamless Integration

Fast, Secure Access to India’s First INR-Margined Crypto Futures Platform.

Superior Performance

Ultra-Low Latency, Real-Time Order Book & Instant Execution.

Top-Notch Security

API Keys with IP-Whitelisting to get Full Control over your Trades.

Advanced Features

Futures trading, real-time & historical data, stop-loss, take-profit, and portfolio management.

Security

Pi42 Exchange takes the security and protection of funds and personal information very seriously, which is evident in the robust security measures it has put in place. These include the following:

Cold Wallet Storage: Most user funds are kept in cold storage, which is housed offline and, therefore, is immune to hacking attempts.

Data Encryption: Sophisticated encryption technologies guarantee the safety of sensitive user information, everything from transactions to accounts.

KYC Verification: The broad spectrum of Know Your Customer (KYC) requirements plays an important role in confirming user identity and helps prevent fraud or unauthorized privilege.

Two-Factor Authentication (2FA): Additional login security helps to improve account safety.

Pi42 Exchange Customer Support

Pi42 Exchange assists users with queries and technical problems with the help of trained people.

All categories of the support team are trained to address areas such as account opening, KYC procedures, funds deposits, and trading assistance.

The usual comprehensive support options include:

• Help Desk and Knowledge Base– a large compendium with guides and FAQ sections on the Pi42 Support Portal.
• Live Assistance– instant support for urgent issues through chat or email.

This way, users are provided with the necessary assistance in a timely and efficient manner which helps improve their trading experience.

Pi42 Exchange Alternatives

ZebPay

More orientation towards novice users wanting to trade with crypto in India. Depositing through INR pairs and Wallet services is available. Very attractive fee structure and good security measures in place

CoinDCX

A wide market offer for Indian users with spot, margin, and futures trading. Many tools and well-designed educational materials are available via CoinDCX Learn. They are within the scope of Indian law and carry out operations in INR

BitMex

They are one of the top players in the perpetual futures market, enabling staggering leverage.

Savvy traders will find the platform to be useful for advanced features. They have built a fully functioning derivatives trading platform.

Conclusion

If you are an Indian trader, Pi42 Exchange can be a good option for you. Crypto trading on the platform is made better by features such as constant 20 times leverage, crypto INR orders future integrating tax efficiency, etc.

The platform is secure, easy to use, and has constant active support, thus making it an ideal place for novice and professional traders.

Pi42 is an out-of-the-box solution for crypto traders because it facilitates easy conversion from INR to crypto and stores all assets securely on cold wallets with encryption.

With features such as high leverage and perpetual orders, Pi42 is a great place to trade. ​