Crypto traders in India often face high costs due to hidden charges, unclear tax implications, or high trading fees. At Pi42, we’ve designed our fee structure to offer clarity, fairness, and low-cost trading, specifically tailored for Indian users.
Whether you’re trading BTC-INR futures or converting USDT to INR, you’ll find Pi42’s charges competitive and fully transparent.
Pi42 offers a transparent fee structure tailored for Indian crypto futures traders. With low trading costs and no hidden charges, this platform puts control back in the hands of the user.
INR Deposit & Withdrawal Fees
The fee structure ensures that you know exactly what you’ll be charged—no surprises when depositing or withdrawing INR.
- INR Deposit Fee (Manual Bank Transfer): Free
- INR Deposit Fee (Instant Bank Transfer): Free
- INR Withdrawal Fee: Free
Trading Fees: Maker & Taker Explained
Every trade on Pi42 incurs a small fee, depending on whether you’re adding or removing liquidity.
- Maker Fee: Applies when you place an order that does not execute immediately and gets added to the order book.
- Taker Fee: Applies when your order gets matched instantly with an existing order.
Note: As per Indian tax rules, we charge 18% GST on both Maker and Taker fees.
VIP Tier-Based Trading Fees (Limited-Time Discounted)
To reward our most active traders, Pi42 offers tiered discounts based on your 30-day rolling trading volume. The more you trade, the lower your trading fees.
| VIP Tier | 30-Day Rolling Volume (INR) | 30-Day Rolling Volume (USDT) | Maker Fee (INR Market) | Taker Fee (INR Market) | Maker Fee (USDT Market) | Taker Fee (USDT Market) |
|---|---|---|---|---|---|---|
| VIP 0 | Up to ₹17.6 Cr | Up to 2 million USDT | 0.0450% | 0.0800% | 0.0200% | 0.0600% |
| VIP 1 | 5–15 million USDT | 15–50 million USDT | 0.0350% | 0.0650% | 0.0190% | 0.0550% |
| VIP 2 | ₹44 Cr – ₹132 Cr | ₹17.6 Cr–₹44 Cr | 0.0300% | 0.0600% | 0.0180% | 0.0510% |
| VIP 3 | ₹132 Cr – ₹440 Cr | 50–100 million USDT | 0.0250% | 0.0550% | 0.0150% | 0.0470% |
| VIP 4 | ₹440 Cr – ₹880 Cr | 100–500 million USDT | 0.0200% | 0.0450% | 0.0120% | 0.0450% |
| VIP 5 | 500–1000 million USDT | ₹880 Cr–₹4400 Cr | 0.0150% | 0.0400% | 0.0100% | 0.0400% |
| VIP 6 | ₹4400 Cr – ₹8800 Cr | 500 – 1000 million USDT | 0.0100% | 0.0320% | 0.0080% | 0.0320% |
| VIP 7 | ₹8800 Cr and above | 1000 million+ USDT | 0.0080% | 0.0300% | 0.0065% | 0.0290% |
Note: Pi42 combines your trading volume across both INR and USDT markets to determine your VIP tier. You don’t need to meet the volume threshold in each market separately.
USDT Deposit & INR Conversion Fees
Users can deposit USDT and convert it into INR on Pi42. The platform charges the following:
- Transaction Fee: Free
- GST on Transaction Fee: Not Applicable
- 1% TDS: Applicable under the IT Act, 1961
Example Calculation:
- USDT Deposited: 100
- USDT-INR Rate: ₹85
- Total Sell Value: ₹8,500
- 1% TDS: ₹85.00
- Final INR Credited: ₹8,415.00
Funding Fees
Funding fees are exchanged between long and short positions periodically to balance the spot and futures prices.
- Charged every 4 or 8 hours depending on the token pair
- Applicable only if your position is open during the funding interval
Funding Fee Formula:
Funding Amount = Mark Price × Contract Size × Funding Rate
If your position is closed before the funding time, no fee is applied.
Liquidation Fees
When your margin falls below the maintenance threshold, Pi42 will automatically liquidate your position to limit losses.
You will be charged:
- Taker Fee (as applicable to the pair)
- Insurance Clearance Fee: 0.50%
Liquidation Clearance Fees by Token:
| Token Pair | Clearance Fee |
|---|---|
| BTC-INR | 0.50% |
| ETH-INR | 0.50% |
| XRP-INR | 0.50% |
| SOL-INR | 0.50% |
| MATIC-INR | 0.50% |
| DOGE-INR | 0.50% |
| INJ-INR | 0.50% |
| AVAX-INR | 0.50% |
| LINK-INR | 0.50% |
| ADA-INR | 0.50% |
| 1000SHIB-INR | 0.50% |
| APT-INR | 0.50% |
| BNB-INR | 0.50% |
| OP-INR | 0.50% |
| NEAR-INR | 0.50% |
Frequently Asked Questions (FAQ)
What are the trading fees on Pi42?
Pi42 charges trading fees based on your VIP tier.
- For beginners (VIP 0), the fee is 0.0450% for maker and 0.0800% for taker orders in the INR market.
- For high-volume traders (VIP 7), it goes as low as 0.0080% (maker) and 0.0300% (taker).
Note: An additional 18% GST is charged on the trading fee.
Are there any fees for depositing or withdrawing INR on Pi42?
Yes. Here’s a quick breakdown:
- INR Deposit Fee (Manual Bank Transfer): Free
- INR Deposit Fee (Instant Bank Transfer): Free
- INR Withdrawal Fee: Free
What are the charges for converting USDT to INR on Pi42?
When you deposit USDT and convert it into INR, the following charges apply:
- Transaction Fee: No
- GST on Transaction Fee: Not Applicable
- TDS: 1% (as per Indian Income Tax rules)
These deductions are transparently shown on the platform before you confirm the conversion.
How does Pi42 decide my VIP tier?
Your VIP tier is based on your total 30-day trading volume, combining both INR and USDT markets.
You don’t need to hit the volume thresholds separately in each market—the combined value is what counts.
Are there any hidden fees on Pi42?
No. Pi42 follows a transparent fee structure.
All charges — including trading fees, deposit/withdrawal fees, USDT conversion costs, funding fees, and liquidation fees — are clearly listed on the Fee Structure page.
Do I have to pay any tax when trading on Pi42?
Pi42 supports INR-margined crypto futures, so
- There is no 1% TDS deduction.
- No 30% VDA tax on profits.
Instead, only standard income tax rules apply, and you’re allowed to offset trading losses based on applicable laws.
What are funding fees, and when are they charged?
Funding fees are periodic payments made between long and short traders to balance price differences between futures and spot markets.
- These are charged every 4 or 8 hours, depending on the token.
- You’ll only pay or receive funding if your position is open during the scheduled funding time.
What fees are charged if my position is liquidated?
If your leveraged position falls below the margin requirement, it will be auto-liquidated.
You’ll be charged:
- A Taker Fee (as applicable), and
- An Insurance Clearance Fee of 0.50% of the position’s notional value.
This applies to all INR-margined contracts like BTC-INR, ETH-INR, and others.