How to Create Your Exchange Account – Step-by-Step on WhatsApp

By Polar Loop editorial teamUpdated 2026-11-047 min read

To create an ID, you message an ID provider on WhatsApp, choose a panel, receive a username and temporary password, change it, and then deposit by UPI. The whole process usually takes a few minutes. Below is each step in detail, a worked first bet in rupees, and the mistakes that cost beginners money.

What you need before you start

• A WhatsApp number you actually use — login details and support come through it
• A UPI app (PhonePe, Google Pay, Paytm) or net banking linked to an account in your own name
• A rough idea of what you want to bet on: cricket only, other sports, or casino too
• A budget you can afford to lose completely, decided before you open the chat
• You must be 18 or older

You do not need to download anything first. Most panels work in a mobile browser, and some also offer an app — only install one from the link your provider gives you.

Step 1: Message the provider on WhatsApp

Start the chat from the provider’s own website so you know the number is genuine. On our Get Your ID page the button opens WhatsApp with our number pre-filled. A simple first message works: “Hi, I want an ID. I mostly bet on IPL and internationals.”

A good provider replies with questions, not just a payment QR. Expect to be asked which panel you prefer, whether you have used an exchange before, and what name your bank account is in. If the first reply is “send ₹5,000 now”, that tells you something.

It also helps to tell the provider upfront whether you want cricket only or casino too, roughly how much you plan to deposit, and whether you want a bonus. Clear answers at this stage save back-and-forth later, and the chat becomes your written record of what was agreed.

Step 2: Choose the right panel

The panel is the betting software. They look similar, but markets, casino providers, speed and limits differ. If you are unsure, tell the provider what you plan to bet on and ask them to explain the options.

You can hold IDs on more than one panel later. For your first one, pick the one whose cricket markets you understand best.

Step 3: Get your login and secure it

1. Receive three things in your chat: the official panel link, your username, and a temporary password.
2. Check the link carefully. Bookmark it. Fake panels use near-identical spellings.
3. Log in and change the password straight away. Many panels force this on first login; if yours doesn’t, find “Change Password” in the account menu.
4. Use a unique password of 10+ characters that you don’t use for email, banking or UPI.
5. Never share it — not with friends, and not with “support” that messages you from a different number.

If the panel offers a transaction or security PIN, set one. Note down the username somewhere safe; you will need it for every deposit and withdrawal request.

Step 4: Make your first deposit

Ask for payment details inside your chat — UPI IDs and bank accounts can change, so don’t reuse old ones. Pay from your own account, then send the screenshot and the 12-digit UTR (UPI reference number). The provider credits points to your ID, usually within minutes.

Start small. On our panels the minimum deposit is ₹100, which is enough to see how crediting works and to place a couple of small bets. Our deposit guide covers every method and what to do if points don’t appear.

Before you deposit anything, understand the legal position: the Promotion and Regulation of Online Gaming Act, 2025 prohibits offering, advertising and facilitating payments for online money games in India. Read whether online betting is legal in India first.

Step 5: Your first bet, worked in ₹

Say you deposited ₹1,000 and India play Australia in a T20. On the match odds market you see India at Back 2.10 / Lay 2.12.

Back India for ₹200 at 2.10. Tap the blue back price, type 200, check the slip and confirm. If India win, you receive ₹200 × 2.10 = ₹420 — your ₹200 back plus ₹220 profit. If India lose, you lose ₹200. Your balance immediately shows ₹800 available, with ₹200 as exposure.

Or lay India for ₹200 at 2.12. Your liability is ₹200 × (2.12 − 1) = ₹224. If India lose, you win ₹200; if India win, you pay ₹224. The panel blocks ₹224 as exposure.

Now try a session: “6 over runs India” at No 48 / Yes 49, rate 100. A ₹100 bet on Yes 49 wins ₹100 if India score 49 or more in the first six overs, and loses ₹100 if they score 48 or fewer. At rate 100 the payout is even money. Read back vs lay betting and session betting before you go beyond small stakes.

Notice how the lay side risks more than it wins whenever the odds are above 2.0. That gap gets much bigger at higher odds, which is why beginners should keep lay stakes small until the maths feels natural.

How to read the panel screen

Every panel arranges things slightly differently, but the same building blocks appear on all mainstream ones. Learn these before you place anything bigger than a test bet.

• Blue boxes are back prices, pink boxes are lay prices. The small number under each price shows how much money is available at that price.
• The bet slip opens when you tap a price. It shows odds, stake and your potential profit or liability. Read it every time before confirming.
• Balance and exposure sit at the top of the screen. Available balance = total balance − exposure.
• Open bets / My bets lists everything unsettled, including unmatched bets still waiting for a taker.
• Account statement shows every credit, debit and settled bet — your best record if a dispute ever comes up.

An unmatched bet is common on exchange markets: if you ask for better odds than anyone is offering, your bet waits in the queue. Cancel it if the price moves away and you no longer want it.

Set your limits on day one

The easiest time to decide how much you’ll spend is before your first bet, not after a bad over. Write down three numbers: a monthly deposit limit, a maximum stake per bet, and a daily stop-loss after which you log out.

For example: ₹2,000 a month, ₹200 maximum per bet, and stop for the day after losing ₹500. Many providers, including us, will also help you set limits or pause an ID if you ask. Our responsible gaming page explains the warning signs to watch for.

Should you practise with a demo ID first?

If you have never used an exchange, yes. A demo ID loads practice points on a real-looking panel so you can learn where back and lay buttons are, how exposure appears, and how sessions settle — without risking money.

Spend one full match on the demo. If you still can’t predict what your balance will be after each result, you’re not ready to use real money.

Keeping your ID secure on your phone

Most people use their ID on a phone, often on mobile data in the middle of a match. A few habits keep it safe.

• Open the panel from your bookmark, not from links in SMS, Telegram groups or search ads
• Use your phone’s screen lock so nobody else can open the panel or WhatsApp
• Log out on shared or borrowed devices, and never save the password in someone else’s browser
• If you change your WhatsApp number, tell the provider from the old number first
• If you see bets you didn’t place, change your password and message your provider immediately

Your provider can see your account from the master level, so they can help reset a password or lock an ID quickly — but only if they can confirm it’s really you, which is why your usual WhatsApp number matters.

Mistakes to avoid when creating an ID

• Paying to a UPI ID someone else forwarded to you — only use details sent in your own chat
• Keeping the temporary password, or reusing your email or UPI password
• Logging in through a link from a Telegram group or SMS instead of the one your provider gave you
• Depositing a large amount before testing a small withdrawal (minimum ₹500 on our panels, subject to panel)
• Paying from a family member’s account, which causes name-mismatch delays at withdrawal
• Accepting a bonus without reading its wagering rules
• Tapping lay when you meant back — always read the bet slip before confirming

Quick reference: the whole process

When you’re ready, start from our Get Your ID page, or ask for a free demo first. Either way, set your limits first and stick to them.