Quick Answer: Where to Enter the Pi42 Invitation Code?
The Verified Code: CXZ860
Where to Apply: Enter it on the second registration screen, right after verifying your mobile number with an OTP.
The Main Benefit: Unlocks a flat 10% lifetime discount on all your trading fees.
Warning: You cannot apply this Pi42 invitation code after your account is fully created. It must be entered during the initial sign-up process.
If you are downloading Pi42 — India's first INR-margined crypto futures exchange — you are probably doing it to escape the heavy 30% crypto taxes and the 1% TDS on every spot trade. I made the switch to Pi42 for the exact same reason. However, a lot of new traders make a massive mistake during registration: they completely ignore the Pi42 invitation code field.
By missing this one simple step, you lose out on a lifetime 10% discount on your trading fees. I am writing this guide to walk you through the exact step-by-step process of applying the Pi42 invitation code CXZ860 so you do not leave free money on the table.
Why You Need the Pi42 Invitation Code (The Quick Math)
Before we jump into the steps, let me show you why this Pi42 invitation code is so important for your overall profitability. Pi42 charges a maker and taker fee for every single futures trade you execute.
Let us assume you are an active trader doing Rs 50,00,000 in total trading volume every month.
Without the Pi42 invitation code, your monthly trading fees would be around Rs 5,000.
If you apply the invitation code CXZ860, you get an instant 10% fee reduction.
This drops your monthly fee to Rs 4,500, saving you Rs 500 every month, or Rs 6,000 a year.
Since Pi42 settles everything in INR and you do not pay 1% TDS on futures trades, every single rupee you save on fees goes directly into your trading margin and overall profit.
Step-by-Step Guide: How to Apply the Pi42 Invitation Code
The registration interface on Pi42 is quite clean and fast, but the Pi42 invitation code box can easily be missed if you are in a hurry. Follow my exact steps below to ensure your discount is activated successfully:
Step 1: Download the Official Application Go to the Google Play Store (for Android) or the Apple App Store (for iOS) and download the official Pi42 application. Do not download APKs from third-party websites to ensure your bank details remain secure.
Step 2: Start the Registration Process Open the app and click on the "Sign Up" or "Register" button on the home screen. The app will ask you to provide a valid Indian mobile number.
Step 3: Verify Your Mobile Number Enter your 10-digit mobile number and click on "Send OTP". You will receive a 6-digit One Time Password via SMS. Enter this OTP to verify your primary contact method.
Step 4: Enter the Invitation Code (The Most Important Step) Immediately after the OTP verification, the app will ask for your basic details like your name and email address. On this exact screen, look for a text box labeled "Invitation Code" or "Referral Code". Tap on this box and enter the Pi42 invitation code: CXZ860. Make sure there are no accidental spaces before or after the code.
Step 5: Complete Your KYC Once the Pi42 invitation code is accepted, proceed to complete your KYC verification by submitting your PAN card and Aadhaar details.
Step 6: Deposit and Trade After your account is verified, deposit your first INR amount via standard banking channels. Your 10% fee discount will be automatically active for all your future trades.
Common Troubleshooting (Code Not Working?)
If you are facing issues applying the Pi42 invitation code, check these common mistakes:
Typing Errors: Make sure you type CXZ860 exactly as it is. It is always better to copy and paste it to avoid confusing the letter O with the number 0.
Existing Accounts: If you already created an account a few days ago without a Pi42 invitation code, you cannot add it now. The invitation code field is strictly for new user registrations.
Network Issues: Sometimes the app fails to verify the code due to a poor internet connection. Close the app completely, switch to a stable Wi-Fi network, and try again.
Frequently Asked Questions (FAQ)
Q: Is the Pi42 invitation code valid for old users?
A: No, the Pi42 invitation code CXZ860 is only for new users who are signing up on the platform for the first time.
Q: Can I apply the Pi42 invitation code after creating my account?
A: No. You must enter the code during the initial registration process. Once your account is created, you cannot go back and add it.
Q: Does Pi42 deduct 1% TDS on trades?
A: No, because Pi42 offers INR-margined futures, there is zero 1% TDS deducted on your trading volume.
Q: What discount do I get with the Pi42 invitation code CXZ860?
A: You get a flat 10% discount on all your trading fees for a lifetime.
Q: Is Pi42 legal in India?
A: Yes, Pi42 is registered with the Financial Intelligence Unit (FIU-IND) and follows all Indian regulatory guidelines.
Q: Do I need to deposit crypto to trade on Pi42?
A: No, you deposit Indian Rupees (INR) directly from your bank account and trade crypto futures contracts.
Q: Who are the founders of Pi42?
A: Pi42 was founded by Nischal Shetty (founder of WazirX) and Avinash Shekhar (former CEO of ZebPay).
Q: Can I withdraw the money I save from the discount?
A: Yes. The savings from the Pi42 invitation code are applied as a direct reduction on your trading fees, which leaves more cash in your wallet that you can withdraw at any time.
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