Crypto deals: list of the best crypto trading competitions
In this section, you will find the list of current crypto trading competitions!
Find more informations about trading competition under this table.
List of current crypto trading competitions:
Current and upcoming crypto trading competitions
What are crypto trading competitions?
A crypto trading competition is generally a contest organized by a crypto exchange, to promote its business or a cryptocurrency.
How do crypto trading competitions work ?
Before it starts, the exchange who hold the contest, will announce it on its website and on their social media. Most of the time, it will also publish the rules in wich you can find :
- The begining date.
- Then end-date.
- Who can participate:
Competitions can be reserved to newcomers, all traders, only traders who have passed the KYC, etc. Sometimes you will have to register to it.
- How to win:
In most of the cases, to win, you will have to trade the largest volume (buy + sell positions), but it can be another condition like generating the largest profit, etc.
- The reward:
Rules specify too, which places will receive a prize: only the first place, the three first places, from the 1st to the 25th… Of course, higher you will rank, better will be the reward !
Prizes are generally given in cryptocurrencies or fiat money but objects may be won too like : hardware wallets, informatic hardware, goodies…
At the starting date, the exchange add up buy and sell positions of traders till the end-date. Depending on your ranking at the closing date, you will receive a prize, or not.
How to win trading contests?
Even if there is no magic formula because the subject is vast and complex, you can apply these following advices to increase your skills. Many free ressources exist on the Internet that can help you to be a better trader :
- Know your subject and fundamental analysis:
Behind each crypto, there is a project and you have to know all of its specificities. It will help you to identify what will impact the supply and the demand. Remember:
- When offer > demand = prices decline.
- When offer < demand = price rise.
Generally, good news for the asset tend to increase its price by increasing the demand, and on the opposite, bad news tend to lower its price.
For example, many traders expect a major increase of the Bitcoin price during the next block reward halving because the offer will increase at a lower pace after this event.
- Learn technical trading:
Fundamental analysis can be completed by the technical one. Technical analysis is the study of the evolution of prices.
- Always keep an eye on crypto-news:
News are very important. You have to stay aware of latest breaking news to open or close a position in time to realise a profit or to limit your losses. Some news are so powerfull that you can win or loose a lot of money in few minutes only.
- Find more advices on Investopedia.
Crypto trading competition risks :
I can’t talk about trading without mentioning risks associated. When you trade, you can loose a part or all your investment, especially if you deal with margin trading with a high leverage. Learning about fundamental and technical trading just reduce risks, but they still exist, so never invest more than you can afford to loose!
As a conclusion, crypto trading competitions can be very profitable if you are well-prepared. I invite you to use a demo account before a real one to test your skills in real conditions but with virtual money.
About this table:
Little explanation about each column of the table:
- Participate now:
Click this button to be redirected to the exchange that propose the contest. In order to join the competition, you will have to open an account
Name of the exchange and its logo.
Description of the reward and how to win the competition.
Requirements are given on the website.
Indicates the dates when the contest starts and ends.
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