Guide to Bitget TraderPro Season 2: Mainstream Coin Trading Challenge

Welcome to our comprehensive guide to the highly anticipated Season 2 of the Bitget TraderPro Trading Challenge

About Bitget

Bitget is a leading global cryptocurrency exchange that prioritizes user empowerment and innovative financial solutions in the digital asset space. Built with our users in mind, Bitget not only provides a platform for buying and selling cryptocurrencies, but also offers advanced trading features that cater to the diverse needs of our investors, spanning from futures trading to spot markets.

One of Bitget’s standout feature is our copy trading system, which allows users to replicate the trades of experienced traders. This tool is especially beneficial for newcomers in the cryptocurrency space who may lack the confidence or strategy to trade effectively. By copying the trades of experienced traders, these users can swiftly learn effective trading patterns and strategies in real-time, which shortens the learning curve and potentially enhancing profitability.

Bitget TraderPro Season 2: Mainstream Coin Trading Challenge

Building on the success of our inaugural season, Bitget is proud to announce the launch of Season 2 of the Bitget TraderPro Trading Challenge. This challenge is designed not only to spotlight skilled traders but also to encourage participation from the broader community through its inclusive structure and comprehensive reward system.

Visit Bitget TraderPro homepage

Key benefits of participating in TraderPro Challenge Season 2

• Demo account provision: Participants will receive a demo account with an initial fund of 10,000 USDT, allowing them to trade without financial risk.

• Extensive learning opportunities: Compete and learn at the same time with the security offered by a demo account, honing your trading strategies in mainstream pairs like btcusdT and ETHUSDT.

• Generous reward system: Achieve trading goals and rank among the top 50 performers to win up to 10,000 USDT in fund rewards, which will be distributed in batches.

• Attain elite trader status: Successful traders will earn the prestigious status of Bitget TraderPro elite trader, unlocking exclusive trading benefits and features.

• Live trading simulation: This challenge mirrors actual trading conditions with the use of leverage and mandatory trading rules, preparing participants for the live market.

• Community and support: Gain access to a dedicated Telegram group for community support, and a direct line for updates and assistance.

Eligibility and registration

Timeframe

● Registration period: April 18, 2024 – May 17, 2024

Criteria

● Participants must not be elite traders.

● Participants must register with their main accounts on Bitget.

Process

To register, participants should use the 'Start Challenge' button on the Bitget TraderPro homepage , enter their Telegram account details and reasons for application, and wait for approval.

Challenge phases and rules

Phase 1: Demo trading

Account setup: Each registered trader will receive a demo account with an initial fund of 10,000 USDT.

Trading instructions: Trading is limited to BTCUSDT and ETHUSDT pairs, with a leverage cap of 20x. The minimum position value is set at 200 USDT, and it is calculated by multiplying the margin with the leverage.

Rules

● Participants must trade for at least 15 days.

● Participants must record a daily profit on no fewer than 10 days.

● Participants must maintain a cumulative profit and loss (PnL) of at least 25% for 48 consecutive hours.

● Participants must execute at least 60 orders with no final open interest orders (both opening and closing positions are counted)

Rewards

Successful participants of the Bitget TraderPro Season 2 challenge can win up to 10,000 USDT in rewards. These rewards will be distributed to 50 high performers across five batches based on their registration and success timelines:

Batch 1: Rewards will be given on the 37th day for users who register within the first 6 days and succeed in the challenge.

Batch 2: Rewards will be given on the 43rd day for users who register between the 7th and 12th days and succeed in the challenge.

Batch 3: Rewards will be given on the 49th day for users who register between the 13th and 18th days and succeed in the challenge.

Batch 4: Rewards will be given on the 55th day for users who register between the 19th and 24th days and succeed in the challenge.

Batch 5: Rewards will be given on the 61st day for users who register between the 25th and 30th days and succeed in the challenge.

Participants not selected for rewards but have applied to become elite traders will receive a 50 USDT futures trading bonus and 500 USDT as loss protection for their first future trade. This loss protection is capped at 50 USDT per order until the amount is exhausted. Each reward batch is limited to 100 users.

Violations

Each of the following scenarios is equal to one violation in the challenge:

● A single day loss equals to or higher than 20%

● A cumulative account loss equals to or higher than 30%

● A position loss equals to or higher than 40%

● No active trade for 72 consecutive hours

● An inactive position for 72 consecutive hours or longer

One violation will result in a reset of the demo account. There will be a maximum of three resets, and a fourth violation will result in automatic removal from the challenge.

During the challenge, participants can track the progress of their trading goals and their individual performance via the TraderPro demo account dashboard.

Participants who successfully fulfill the trading goals will be chosen to become elite traders and receive a system prompt guiding them to the next steps. These successful participants will enter Phase 2 of the challenge and transition to live trading with an elite trader sub-account.

Phase 2: Transition to live trading

Verification: Participants must complete identity verification before obtaining an elite trader account.

Trading profits: Profit sharing includes trading profits and profit sharing from copiers’ trades, with ratios increasing based on trading rule compliance and trader performance.

Below are the instructions on how to navigate the process of transitioning from being a Phase 1 challenge winner to establishing and managing your elite trader sub-account.

How to attain elite trader status

Step 1 - Achieve your trading goals: Participants must first meet specific trading goals outlined in the Bitget TraderPro challenge. These goals are based on profitability, trading frequency, and risk management.

Step 2 - Notification and guidance: Upon successfully meeting the trading goals, you will receive a notification on the platform. You will then receive instructions to guide you through the process of setting up your elite trader sub-account.

Step 3 - Identity verification: Before activating your elite trader account, you must verify your identity associated with your main Bitget account to ensure compliance with regulatory requirements.

Step 4 - Sub-account creation:

● Account type: Your elite trader account will be created as a sub-account under your main account.

● Intended use: This account is strictly for trading activities. Other functions such as withdrawals, deposits, or account status changes (e.g., cancellation of elite trader status) are disabled.

Fund rewards and profit sharing explained

Distribution of fund rewards

You can receive up to 10,000 USDT in fund rewards, which will be distributed based on the rules of Bitget TraderPro Season 2.

Profit sharing

● Profit component: The account profit share consists of trading profits and copy trading profit share.

● Initial profit share from copiers: Starts at 10% and is subject to change based on the elite trader tier.

● Profit ratio tiers: Profit ratios are set at 60%, 75%, and 90%, starting at 60%. Compliance with trading rules and successful performance can elevate your tier.

Adjustments and settlements

● Weekly settlement: Account assets are evaluated and reset every Monday at 12:00 AM (UTC+8). Profits are calculated and shared if the account value exceeds the initial funds.

● Profit transfer: Profits are transferred to the main account every Wednesday before 10:00 AM (UTC+8).

Managing your elite trader account

Weekly top-up of assets

Every Monday, any shortfalls from the initial funds will be replenished to maintain the balance required for live trading.

Handling account violations

● Rule compliance: Make sure not to surpass the maximum loss limit, and avoid letting your trades remain inactive for more than 72 consecutive hours.

● Consequences of violations: Repeated violations may result in a stop-loss ratio, suspension of account top-ups, and even account closure.

General remarks

● Registration fee: Currently free, but there may be a registration fee in the future.

● Trading conduct: Follow best trading practices and refrain from prohibited activities like wash trading.

● Customer support: Reach out to Bitget customer support for any promotion-related inquiries.

● Final authority: Bitget reserves the right to modify terms or interpret promotion rules at its discretion.

Conclusion

Bitget TraderPro Season 2: Mainstream Coin Trading Challenge offers a structured and rewarding platform for both novice and experienced traders to enhance their trading skills and earn substantial rewards. By participating, traders can gain real-time experiences, trade in a risk-free environment, and connect with a lively trading community. Join the challenge, showcase your trading expertise, and seize the opportunity to become a Bitget Elite Trader.