CoinDCX INR and USDT margin are one venue
People connect CoinDCX twice, expecting to need one account for INR margin and another for USDT. You do not. Here is exactly what the toggle changes and what it does not.
It is a wallet toggle, not two exchanges
CoinDCX lets you margin the same perpetuals from either your INR wallet or your USDT wallet. That is a wallet toggle, not two exchanges: the instruments are identical and prices, fees and P&L are quoted in USDT either way. One key covers both, your rules apply across both, and your equity is reported as a single USDT figure with the INR wallet converted at CoinDCX's own spot rate.
What that means for your rules
- One account, not two: Add CoinDCX once. A second account for the other margin mode would split your daily loss limit across two budgets, which is the opposite of what a daily limit is for.
- Your limits are USDT figures: Because CoinDCX prices everything in USDT, a daily loss limit on CoinDCX is a USDT amount — unlike Shark, which settles in INR and takes rupee limits.
- The conversion is CoinDCX's, not ours: The INR wallet is converted at CoinDCX's own spot rate, so the equity we measure your rules against is the equity CoinDCX reports.
Futures only, on both margin modes
CoinDCX spot is not enforced on either wallet, does not appear in the journal, and is not carried into the tax centre. Switching margin mode does not change that — spot is a different product, not a different wallet.