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How To Change USD To INR In EXNESS:A Step-by-Step Guide
Changing USD to INR in Exness is a simple process. You can do this by depositing funds into your Exness account in USD, and then withdrawing them in INR, or by choosing to trade in USD/INR pairs to indirectly convert between the two currencies. Below is a detailed step-by-step guide on how to manage your account balance between USD and INR on Exness.
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How to Change USD to INR in Exness: A Step-by-Step Guide
1. Deposit USD into Your Exness Account
To start with USD, you will first need to deposit funds into your Exness account in USD. Here’s how:
Log into Your Exness Account: Open the Exness platform (either via the web platform or Exness Trading App) and log in using your credentials.
Go to the "Funds" Section: In the Exness trading platform, go to the "Deposit" section. This is where you can select the method to deposit funds.
Select USD Deposit Method: Choose a deposit method that allows USD deposits, such as bank transfer, Skrill, Neteller, or other payment processors supported by Exness.
Deposit Amount: Enter the amount you want to deposit in USD. Confirm the transaction.
Complete the Process: Follow the necessary steps to complete the deposit. Once your deposit is successfully processed, you’ll see the USD balance in your Exness account.
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2. Convert USD to INR (Indirect Conversion) via Exness Trading
Exness does not allow direct currency conversions like traditional currency exchanges. However, you can indirectly convert USD to INR through trading on the platform. Here’s how:
Search for USD/INR Pair: In the Exness platform or app, look for the USD/INR trading pair in the "Market Watch" section. This pair represents the exchange rate between USD and INR.
Buy or Sell USD/INR:
If you want to convert USD to INR, you will need to sell USD/INR by choosing the "Sell" option. This is because selling USD will convert your funds into INR.
Alternatively, if you have funds in USD and you want to take advantage of the market, you can place a trade on the USD/INR pair.
Set the Trade Volume: Select the amount of USD you wish to convert. If you're just exchanging a small amount, adjust the lot size accordingly.
Place the Trade: After setting the trade parameters (volume, stop-loss, and take-profit), place the trade. You’ll receive INR after the conversion is executed according to the exchange rate.
Close the Trade: Once the trade is completed and you’ve converted USD into INR, you can close the trade. The proceeds from the trade will reflect in your Exness account balance in INR.
3. Withdraw INR from Your Exness Account
Once you have successfully converted your USD balance to INR (either via trading or indirect conversion), you can withdraw the INR funds back to your local bank account in India. Here’s how to do it:
Go to the Withdraw Section: In your Exness account, go to the "Withdraw" section.
Select INR as the Currency: Choose INR as the withdrawal currency if your account balance is now in INR. If it’s still in USD, make sure to convert it via the USD/INR pair or contact Exness support for any issues.
Choose Withdrawal Method: Select the withdrawal method that supports INR, such as bank transfer (via local Indian bank), Skrill, or Neteller.
Enter Withdrawal Amount: Specify the amount you wish to withdraw and confirm the transaction.
Complete the Withdrawal: Follow the necessary steps to finalize the withdrawal. The funds will be sent to your Indian bank account in INR.
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Key Tips:
Exchange Rate Fluctuations: When converting USD to INR through trading, the exchange rate can fluctuate. Make sure you’re aware of the current market conditions to avoid significant losses.
Transaction Fees: Be mindful of any transaction or conversion fees that may apply when depositing or withdrawing funds in different currencies.
Currency Pairing: If you have USD in your Exness account and want to convert it to INR, you must trade the USD/INR pair as Exness does not provide a direct USD-to-INR currency conversion service.
By following these steps, you can effectively change USD to INR within your Exness account. Make sure to keep an eye on market trends and understand the process for smooth transactions.
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