Q1: What is BitFunded?

BitFunded is a prop trading firm that offers cryptocurrency trading challenges. Successful traders are rewarded with demo funded accounts, allowing them to trade with BitFunded’s capital while earning a profit split.

Q2: How do I join BitFunded?

To join BitFunded, select the challenge level that suits your experience and pay the associated challenge fee. Once registered, you can start trading according to the challenge rules.

Q3: What cryptocurrencies can I trade on BitFunded?

BitFunded supports trading across a wide range of cryptocurrencies. The specific cryptocurrencies available for trading are listed on our platform and are regularly updated to reflect the latest market trends.

Q4: Why should I join BitFunded?

Unlike other prop trading firms that focus on Forex trading or other traditional financial instruments, at BitFunded we entirely focus on the cryptocurrency market, enabling traders to demonstrate their ability to trade in the crypto market without risking their own capital.

Q5: How do I become an BitFunded Trader?

Our CPTC consists of 2 steps that you must pass before become an BitFunded Trader:

1. CPTC Challenge:The CPTC Challenge is the initial demo phase of the Evaluation Process. To proceed to the Verification phase, you must demonstrate both your trading expertise and adherence to our set Trading Objectives.
2. Verification:Verification is the second and final step towards becoming an BitFunded Trader. This step is very similar to the CPTC Challenge but with a lower requirement for appreciation of the capital. The purpose of the Verification is to confirm that the results obtained in the CPTC Challenge were not merely coincidental.
3. BitFunded Trader:If you successfully complete the entire evaluation process, you will become a BitFunded Trader with a BitFunded Account of up to 100,000 USDT. Trade consistently on our platform and receive up to 90% of your profits. 

Q6: What are the different challenge levels offered by BitFunded?

BitFunded offers five challenge levels: Base, Starter, Intermediate, Advanced, and Expert. Each level has its own account balance, challenge fee, and profit targets. 

Q7: What are the rules for trading in an CPTC?

To successfully complete each step of our evaluation process, keep the following rules in mind:

• Each challenge level has a set Profit Target. You must achieve the Profit Target with no open positions, in order to clear each objective.
• You can trade for as many days as you need to reach your account’s goal. However, you must actively trade for at least 5 days. If you reach your Profit Target in less than 5 days, you must continue trading until you have completed at least 5 trading days.
• Each challenge level has a set Maximum Daily Loss and Maximum Loss. Exceeding any maximum drawdown limit will result in immediate disqualification from the current challenge. Traders are encouraged to manage their risks carefully.

Q8: What happens if I exceed the maximum loss limit or the daily loss limit?

Exceeding the maximum loss limit will result in immediate disqualification from the current challenge. If you exceed the daily loss limit at any time during the day, all your trades will be automatically closed, and you will be disqualified from the trading challenge or lose your live account.

Q9: What is the settlement time and when does it occur?

The settlement time reset refers to the moment when the trading platform transitions from one day to the next. This means that the daily loss limit resets at this time and that your trades taken from that moment will count as a new day based on our rule of a minimum of 5 trading days. This occurs at 00:00 UTC+8..

Q10: Can I participate in multiple challenges at the same time?

There is no limitation on the number of challenges users can purchase, whether they are of the same type or

different types. However, during the Trader Stage, only one ongoing challenge is permitted at a time.

Q11: What payment methods are allowed?

You can pay for an Crypto Proprietary Trading Challenge (CPTC) via cryptocurrencies or credit card (Stripe). We start processing your BitFunded Challenge Account as soon as we receive the payment. You will receive your CPTC notification by email.

Q12: I have successfully passed my CPTC challenge, now what?

After you pass all the Profit Target in your CPTC Challenge, you won’t need to trade the account anymore as all your objectives are marked as passed. After approximately 2 business days, we will send your new account login credentials for the Verification stage.

Q13: How is the profit split determined?

The default payout ratio for all BitFunded Traders is set to 80:20, with 80% of the profits going to the trader and 20% to BitFunded. However, if you meet the conditions of our Incentive Scalling Program the payout ratio can change up to a 90:10. The exact percentage depends on the challenge level and the agreement upon becoming a funded trader.

Q14: How and when can I withdraw my profits?

Profit withdrawals can be requested monthly. Funds are transferred through cryptocurrencies, subject to BitFunded’s withdrawal terms.

Q15: How do I qualify for the Incentive Scalling Program?

As a BitFunded Trader you have the opportunity to increase your virtual account balance and payout ratio up to a staggering 90:10 if you meet the conditions of our Incentive Scalling Program.

In order to qualify for the Incentive Scalling Program:

• Generate at least 10% of net profit in four consecutive monthly cycles (i.e., the average of at least 2.5% net profit per month).
• Process at least 2 payouts within the 4 months period.
• Your account balance needs to be above the initial account balance (in profit) at the time of scale-up.

Q16: Where can I find more information about the trading challenges?

Detailed information about each challenge, including rules, objectives, and FAQs, is available on the BitFunded platform under the specific challenge section.

Q17: How does an BitFunded Account work from the technical side?

All trading on BitFunded takes place on our own platform, and although the entire environment and trading are simulated, all crypto market data is entirely real and provided by some of our partner exchanges, such as CoinW.

In a separate process, BitFunded also trades on real accounts on its own behalf and with its own capital with real financial means, utilizing, among other things, data from simulated trades executed by our BitFunded Traders. This execution occurs without any impact on BitFunded Traders and their simulated trading.

Q18: Who can I contact for support or to resolve a dispute?

For support or to address any concerns, please contact our dedicated support team through the contact form on our website or email us directly at support@bitfunded.com