It was our motivation when we developed our latest and newly launched Paper Trading feature – to give opportunities to anyone looking to learn how to trade crypto and upgrade their trading skills.
To those with minimum trading knowledge and skills, they will be able to practice and familiarise themselves with a trading platform without putting real funds at risk. Meanwhile, experienced traders can use it to improve their skills by putting new strategies to the test without the fear of losing money.
What’s more, the Paper Trading feature is available for exchange and margin trading, funding, derivatives and OTC trading between paper trading-enabled accounts, with test currency pairs closely matching actual market rates.
Not to mention, the above advantages come with the opportunities to access and try all of Bitfinex’s state-of-the-art features and functionalities.
Bitfinex always goes above and beyond when it comes to providing access and opportunities for people to know cryptocurrency. Not only do we provide the tools, but we also encourage people to explore the world of cryptocurrency in a safe environment.
Following the new feature launch, Bitfinex is conducting a Paper Trading competition, Rey del Papel.
The competition aims to incentivise people to get exposure to cryptocurrency through crypto trading. Anyone can take part in the competition and start trading without the fear of losing money, at the same time, stand a chance to win a prize.
How to join Rey del Papel is very straightforward, as follow:
You will need to be 18 years of age and not be a Prohibited Person as defined in the Bitfinex Terms of Service .
Create a Paper Trading sub-account and mark it as a trading competition account.
Accept competition terms
Refill your wallet with TEST tokens to start trading. You are entitled to refill your wallet for as many times as you’d like.
The winners will be the participants with the highest trading volume and profit and loss (P&L) on TEST pairs that will stand a chance to get any of these prizes:
1st place: 5,000 USDt
2nd place: 2,000 USDt
3rd place: 1,000 USDt
4th place: 500 USDt
5th place: 500 USDt
6th place: 250 USDt
7th place: 250 USDt
8th place: 200 USDt
9th place: 200 USDt
10th place: 100 USDt
The competition will run from 15th July at 12:00:01 AM (UTC) to 29th July at 11:59:59 PM (UTC).
You can find out further details of the competition here.
Join the fun while improving your trading skills and putting those new strategies to the test. Who knows, you could be Bitfinex’s King of Paper Trading!
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