Using the Exchange

Deposits & Withdrawals

Open Mandi has simple but deliberate rules for deposits and withdrawals. These limits are designed to keep the platform educational and low-risk while still giving you a realistic trading experience.

Accepted Currencies

Open Mandi accepts two stablecoins for deposits:

• USDT (Tether)
• USDC (USD Coin)

No other cryptocurrencies or fiat currencies are accepted. Both USDT and USDC are stablecoins designed to maintain a 1:1 peg with the US dollar.

Deposit Rules

When depositing funds, two rules apply:

1. Maximum $5 Per Deposit

Each individual deposit can be a maximum of $5 in value. You cannot deposit more than this in a single transaction.

2. Balance Must Be Below $1

You can only make a deposit when your total account balance (across both USDT and USDC) is less than $1. If your balance is $1 or more, the deposit button will be disabled.

Why These Limits?

These rules exist for good reasons:

• Educational focus — Open Mandi is an academic platform, not a commercial exchange. Small amounts keep the focus on learning rather than profit-seeking.
• Risk management — by keeping balances small, we protect users from significant financial loss while they're learning how exchanges work.
• Active participation — the low-balance requirement encourages you to actually trade with your funds rather than simply parking money on the platform.

Withdrawal Rules

Minimum Balance of $10

To withdraw funds, your total account balance must be at least $10. This means you need to grow your balance through trading before you can withdraw.

Why This Threshold?

The $10 withdrawal minimum encourages meaningful engagement with the platform. Since you can only deposit up to $5 at a time, reaching $10 requires you to either make profitable trades or accumulate funds over multiple deposit cycles. This ensures you're actually learning and participating, not just passing money through.

How It Works in Practice

Here's a typical flow:

1. You start with a $0 balance and deposit $5 in USDT
2. You trade gold futures, exchange some USDT for USDC, and explore the platform
3. Your balance drops below $1 — you can deposit another $5
4. Through trading, your balance grows to $10 or more
5. Now you can withdraw some or all of your funds

Processing Times

Deposits are credited to your account as soon as the blockchain transaction is confirmed. Withdrawals are processed and sent to your specified wallet address after confirmation.

Frequently Asked Questions

Can I deposit Bitcoin, Ethereum, or other cryptocurrencies?

No. Open Mandi only accepts USDT and USDC. You can convert other cryptocurrencies to USDT or USDC on an external exchange before depositing.

What happens if my balance is exactly $1?

If your balance is $1.00 or more, you cannot deposit. Your balance must be strictly below $1.00.

Can I withdraw part of my balance?

Yes, as long as your balance is $10 or more, you can withdraw any amount up to your available balance.

Where can I see the fee details?

Check our Fee Structure page for a complete breakdown of all fees.