For Indian traders, one of the biggest hassles in crypto F&O trading is dealing with currency conversion. Most crypto platforms in the market operate in USD or other foreign currencies, which means you have to convert into INR before you can trade.
Delta Exchange – India’s top crypto exchange – addresses this by letting you trade directly in INR. You can deposit, trade, and withdraw in your local currency without worrying about conversion fees or exchange rate fluctuations.
For anyone serious about trading Bitcoin and other altcoin derivatives, this makes the entire process simpler, faster, and more transparent.
Why Currency Conversion is a Barrier for Indian Traders
Crypto exchanges operating in USD or other currencies are time-consuming for Indian traders. Every deposit or withdrawal involves conversion, which comes with fees and delays. Exchange rates fluctuate constantly, and even a minor difference can affect your trade outcomes.
Tracking profits becomes tricky when you need to calculate gains in INR after conversion. Beyond costs, it complicates tax reporting, as you have to maintain multiple records to reconcile trades.
If you’re actively trading crypto F&O, these barriers reduce efficiency and increase mental load, distracting from strategy and timely execution.
How INR-Based Trading Simplifies the Trading
On Delta Exchange, you deposit Indian Rupees and use them to trade crypto derivatives contracts without converting to USD or other currencies. This removes additional fees, making your trades cheaper. Deposits and withdrawals happen faster, and accounting becomes simpler – you track profits, losses, and balances directly in INR.
The overall experience is more convenient, allowing you to focus on trading decisions rather than worrying about currency rates or conversions.
Benefits of Crypto F&O Trading in INR on Delta Exchange
India’s top crypto exchange: INR-based crypto F&O trading on Delta Exchange
Trading Bitcoin and altcoin derivatives in INR on Delta Exchange comes with several benefits:
- Transparent pricing: You know exactly how much you are paying or receiving. No hidden conversion or transaction costs are involved.
- Faster settlements: Deposits and withdrawals in INR are quick and seamless, which is especially useful if you want to move funds between your trading account and bank.
- Better fund management: Calculating profits and losses in INR gives a clearer picture of your exposure and performance. You don’t need to convert gains back to your local currency to understand your net outcome.
- Tax benefits: Trading Bitcoin and other crypto derivatives on Delta Exchange does not qualify as trading Virtual Digital Assets (VDA). That means the 30% VDA tax doesn’t apply to these trades, and your profits are taxed based on your income tax slab.
By keeping everything in INR, Delta Exchange makes crypto F&O trading simpler and efficient. This also benefits advanced traders, as algo trading strategies can be executed and tracked directly in INR.
How to Get Started with Trading on Delta Exchange
Trading Bitcoin derivatives in INR on Delta Exchange
Here’s a step-by-step approach to start trading Bitcoin, ETH, and other altcoin derivatives in INR on Delta Exchange:
- Register
- Sign up with your Google or Apple email ID.
- If your email matches your existing Delta Exchange account, you can skip repeating KYC verification.
- Complete KYC verification
- Provide PAN, Aadhaar card, and a selfie for verification.
- The process takes roughly three minutes.
- Add bank details
- Link a bank account in your name by providing the account number and IFSC code.
- Delta Exchange verifies your account using a penny-drop method.
- Deposits and withdrawals are allowed only from whitelisted accounts.
- Deposit amount
- Log in and navigate to the Add Funds section on the Delta Exchange app.
- You can fund your account via UPI, IMPS, or NEFT methods.
- Withdraw funds
- To withdraw amount, go to the Withdrawal section on the app.
- Enter the amount and select your linked bank account to receive INR directly into your account.
- Start crypto F&O trading
- Once funds are available, you can trade Bitcoin and altcoin contracts directly in INR.
- Monitor positions, profits, and losses without worrying about conversion or deposit and withdrawal fees.
The Bottomline
INR-based crypto F&O trading on Delta Exchange makes the process easier, faster, and more cost-effective for Indian traders. You avoid conversion fees, deposit and withdraw funds in your local currency, and manage trades in a way that aligns with your accounting and tax requirements.
With transparent pricing and real-time settlements, trading Bitcoin and Ethereum contracts becomes less about managing currency hurdles and more about focusing on strategy and execution.
The step-by-step setup is simple, and the Delta Exchange app ensures smooth operations throughout, especially for newcomers in the sector.
To start crypto derivatives trading in INR, visit www.delta.exchange. Join the Delta community on X for the latest updates.
Disclaimer: Crypto markets are highly volatile and carry certain risks. Kindly do your own research before investing in any assets.
