Dear Tribe,

WazirX is elated to be a part of your crypto journey. As Futures trading launches on WazirX, we invite you to experience Futures on our platform with clarity and confidence through this step-by-step guide.

What Is Crypto Futures Trading?

Crypto Futures trading lets you trade on the price movement of a crypto without owning the asset. With WazirX Futures, users can trade INR Perpetual Futures contracts by taking both long and short positions based on market expectations. You can hold a position as long as you maintain the required margin.

Long position: You expect the price to increase
Short position: You expect the price to decrease

Unlike Spot trading, Futures trading allows you to use leverage, which means you can trade with a larger position size using a smaller amount of capital. However, it’s important to note that leverage also increases risk.

In this guide, we will walk you through every step you need to know to start Crypto Futures trading on WazirX.

How To Start Trading Crypto Futures On WazirX?

Step 1: Open the WazirX App on your phone, click on ‘Futures’ at the bottom, and select the Market of your choice.

NOTE: Download the Android app here and the iOS app here.

Step 2: Before proceeding further, complete the Quiz.

Before Futures trading is enabled, you will be required to complete a short quiz as a learning step. This is designed to ensure you understand the basics of Futures before placing your first trade.

Step 3: Accept the Futures Terms and Conditions after completing the Quiz.

Futures trading involves significant risk, and leverage can amplify both gains and losses. Please read the Terms & Conditions carefully and accept to proceed.

After confirmation, WazirX Futures will be enabled on your account.

Once your account is set up, the next step is adding funds to your Futures wallet.

How to Add Funds to Futures Wallet?

Before placing a Futures order, you will need to transfer funds to your Futures wallet.

You cannot directly deposit or withdraw INR into the Futures wallet; instead, you will have to transfer funds from Spot to Futures.

Point to be noted: These transfers will be instant, free, and can be done anytime.

Step 1: Click on ‘Funds,’ and then on ‘Transfer’

Step 2: Select:

From: Spot <> To: Futures

Enter the desired amount. We have added ₹10,000, for instance.

Step 3: Tap on ‘Confirm’.

The funds will be transferred instantly, and your Futures wallet balance will be updated immediately.

Note: All Futures wallet transfers must go through the Spot wallet. Direct deposits or withdrawals are not supported for the Futures wallet.

Once funds are added, you’re ready to place your first Futures trade.

How to Place Your First Futures Trade on WazirX?

Step 1: On the Futures trading screen, select the Market (we’ve selected BTC/INR), choose whether you want to go Long or Short, set the order type (here we’ve selected ‘Market’ type), leverage (here it is 20x), and trade amount.

Remember, leverage allows you to trade a larger position using a smaller amount of capital, but higher leverage also increases risk.

Step 2: Review & click on ‘Confirm’ to place your order.

Once the order is placed, you will be able to see your ‘Open Orders’ and ‘Positions,’ where you can track price movement,  Margin, and P&L in real time.

Tips & Points to Keep in Mind

• Crypto Futures trading involves high risk and may not be suitable for all traders, especially if you’re a beginner.
• Leverage can amplify both gains and losses, so it should be used cautiously.

• Start with small amounts and only use capital you can afford to lose.
• Understand Futures basics before increasing exposure.

Trade Safe!

Happy Trading!