We at ZebPay deeply appreciate your unwavering trust and support. As promised during our web launch, we're thrilled to introduce Crypto-INR Perpetual Futures on mobile. This groundbreaking offering enables trading in Bitcoin, Ether, Solana, XRP, and many other perpetual futures pairs using INR, opening a world of opportunities for investors.
Get ready for an exhilarating ride as ZebPay revolutionizes the Indian crypto landscape, empowering investors to navigate dynamic markets with unparalleled precision.
Feature Highlights
Up to 25x Leverage: Amplify your trading potential.
Instant Order Execution: Experience 0-time delay for swift transactions.
100+ Indicators: Enhance your trading accuracy with advanced tools.
Market and Limit Orders: Strategize and execute your trades for maximum impact.
Ultra-Secure Trading: Trade with confidence using our multi-stage security protocols.
Before we jump into the step by step guide, we would like you to read our article on ZebPay Futures[here] to understand the different terminologies and some commonly asked questions.
ZebPay App Home page
ZebPay Futures Tab
Different Options in Futures Tab
Funding your Futures Wallet : To begin trading, you must first add the necessary Fiat sum to your ZebPay Futures wallet. You will find it really simple.With only one click, you can move the available Fiat balance from your ZebPay Fiat wallet to your Futures wallet.
Go to futures, select the wallet icon
Click on the Transfer funds option under the Future tab
Enter the Amount and Select the From as Fiat and To as Futures and click on Transfer. The amount will be credited to your Future account instantly.
History: You can check the history of your fund transfers between your Fiat and Futures wallets in the Transaction history section below the Wallet selection.
Trading in Futures: We provide traders the chance to participate in everlasting contracts without an expiration date. Our user interface is identical to the ZebPay Exchange's, giving users a smooth and seamless experience.
Leverage: For each contract, the maximum leverage varies. To illustrate, upon launch, we are introducing BTC-INR and ETH-INR pairs with a maximum leverage of 20 times. This may change in the future.
For instance, investing Rs 1,000 with a 20X leverage gives you a trade size of Rs 20,000.
Market Order: Market orders are swiftly filled at the going rate. It is helpful when you are less concerned with getting a certain price and want to enter or leave positions quickly. It's crucial to remember that market orders may cause slippage in situations with limited liquidity or quickly changing markets if the executed price differs from the anticipated price at the time the order was placed.
Limit Order: A limit order is an instruction given by a trader to Long (buy) or Short (sell) a specific quantity at a designated price. Limit orders give traders the ability to indicate the price at which they are ready to trade, in contrast to market orders, which place an emphasis on speed of execution.
Setting TP and SL Orders: The term "take profit" (TP) refers to the price at which a trader hopes to exit a position. The price level at which a trader's order will automatically close if the market moves unfavourably against their transaction, on the other hand, is known as the SL (Stop Loss).
Important to know : If the direction of your position changes (from long to short or vice versa), any TP/SL orders set for that position will be automatically cancelled.
Note: TP/SL is triggered on the Market Price and not the Last Traded Price.
Checking your Positions or Order history : Unlike keeping onto cryptocurrency for the long run ("HODLing"), trading futures contracts necessitates constant monitoring. Given the volatility and rapid fluctuations in the cryptocurrency market, keeping control of your positions and understanding your trades is critical.
Our ‘Positions’ and ‘Open Orders’ tabs ensure a seamless experience and gives you more control over your trading activity.
Positions - Displays your open positions
Open Orders - Displays your pending orders or TP/SL Orders
Closing your positions: Unlocking convenience in your futures trading journey, we offer cutting-edge methods to streamline your experience. Embrace the ease of closing positions through our innovative tools, tailored to cater to both traditional and modern trading preferences.
Go to positions and tap on the close limit/close market button to close your positions by placing the market or limit order.
Adding Margin to your open positions: With leverage trading, traders can borrow money from the exchange to take on bigger bets than their account balance permits. Margin is the initial investment needed to create a leveraged position; for instance, Rs 30,000 is needed to open a 10x leveraged bet on ETH priced at Rs 300,000.
In order to lock in profits, traders can close their positions if the price of ETH moves in their favor. To avoid future losses, the exchange may automatically close their position at the current market price and use the remaining funds to cover losses if the price swings against their position and their margin drops below the liquidation level.
By increasing the margin on your open trades, you can prevent the liquidation. You must have sufficient funds for additional margin in order to achieve this.
Withdrawing your balance in Futures Wallet
To withdraw your INR balance from your Futures wallet, you'll first need to transfer it to your Fiat wallet. From there, initiate a withdrawal order using the Fiat Withdrawal option on the App or Web platform. The withdrawal process remains the same, with funds typically credited to your registered bank account within 15 minutes or, at most, 2 working days.
For your easy reference, we’ve added the steps below.
Click on Wallet
Click on Transfer Funds option
Enter the Amount and Select the From as Future and To as Fiat and click on Transfer. The amount will be credited to your Future account instantly.
Statement : You can now also request statements for your future transactions and trades through the app.
Note: The images provided are solely for illustrative purposes; actual values may differ from those displayed in the images.
Risk Disclosure
Futures trading offers a wide range of opportunities for investors to participate in the financial markets and manage risk. Understanding the key concepts outlined in this article is essential for traders to make informed decisions and navigate the complexities of futures trading effectively. As with any form of trading, it's important to conduct thorough research, develop a solid trading plan, and adhere to risk management principles to maximise the chances of success.
Trading perpetual futures contracts involves significant risks, including but not limited to market volatility, leverage amplification of gains and losses, potential liquidation of positions, and the possibility of losing more than the initial investment. Investors should carefully consider their risk tolerance and financial situation before engaging in perpetual futures trading.