No 1% TDS & 30% VDA Taxes: Pi42 Groundbreaking INR-Trading Platform Hits the Market!

Hey there, crypto lovers in India! Guess what? There’s a new game-changer in town called Pi42, and it’s here to make your crypto trading life a breeze. ๐ŸŽ‰

Imagine this: trading your favorite cryptocurrency without the headache of dealing with foreign currencies or those annoying conversion rates. That’s right, with Pi42, you can trade perpetual futures directly in Indian Rupees (INR). How cool is that? ๐Ÿš€

Pi42 website screenshot: trade crypto futures in INR with India's 1st native crypto derivatives platform. Start now or download app (QR code included).
Pi42 website screenshot: trade crypto futures in INR with India’s 1st native crypto derivatives platform. Start now or download app (QR code included).

But that’s not all. Let me break down why Pi42 is about to become your new favorite trading platform:

No More Tax Nightmares:

  • Forget about the 1% TDS and 30% VDA taxes. Thanks to Pi42’s approach with futures contracts, you can keep those tax worries at bay.
  • Offset losses against gains. Yep, you heard it right. This isn’t your average trading platform; here, you can actually minimize your tax hit by balancing your wins and losses. Smart, huh? ๐Ÿง 

Fee-Free Fun:

  • Adding INR to your account? Totally free with a manual bank transfer and just a tiny fee of 0.1% for instant transfers.
  • Cashing out? Just a flat fee of Rs 15, no matter the amount.
  • Enjoy low trading fees of just 0.05% for makers and 0.10% for takers. It’s a win-win situation!

Your Crypto Playground:

  • Trade the big names like Bitcoin, Ethereum, Solana, MATIC, and XRP, with more on the way.
  • Get started with the Android app, and iOS friends, hang tightโ€”your turn is coming!

How it all works:

Think of it as placing a bet on where you think the price of your favorite crypto will go. You’re not buying the actual crypto but rather predicting its future price. And if you’re right, you win!

Who launched Pi42 (India’s 1st Crypto-INR Perpetual Futures Exchange)

Pi42 was launched by two crypto veterans in India:

  • Nischal Shetty: This name might ring a bell if you’re familiar with WazirX, the popular Indian crypto exchange. Shetty is the co-founder of WazirX and brings his expertise in the Indian crypto market to Pi42.
  • Avinash Shekhar: If Zebpay sounds familiar, that’s because Shekhar was the former CEO of this established crypto exchange. He brings his knowledge of crypto regulations and operations to the table for Pi42.

So, Pi42 is the brainchild of two experienced players in the Indian crypto scene, aiming to shake things up with a focus on rupee-denominated futures trading and user-friendly features.

A word of caution: Remember, with high reward comes high risk. Always do your homework, understand the market, and only invest what you’re okay with losing. ๐Ÿ›‘

Feeling the excitement? Jump over to Pi42’s website and dive into the world of INR-powered crypto futures!

P.S. Stay tuned on their social media for all the juicy updates and news.

Disclaimer: Just a friendly reminder, this is all for educational fun. Please don’t take it as financial advice. Always chat with a pro before making investment moves.

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