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REY DEL PAPEL Competition in the paper trade

Put your paper merchant skills to the test and win USD 5,000

The road to massive cryptocurrency adoption may be steep and bumpy, but not impossible to achieve. Bitfinex believes that one way to achieve this is through education, in addition to product innovation and trust building.

It was our motivation when we developed our latest and newly launched Paper Trading feature – to provide opportunities for anyone who wants to learn how to trade crypto and upgrade their trading skills.

For those with minimal trading knowledge and skills, they will be able to practice and familiarize yourself with a trading platform without compromising real funds. Meanwhile, experienced traders can use it to improve their skills by putting new strategies to the test without fear of losing money.

Additionally, the Paper Trading feature is available for barter and margin trading, financing, derivatives and OTC trading between accounts suitable for paper trading, with test currency pairs closely aligned with actual market rates.

Not to mention, the above benefits provide the opportunity to access and try out all of Bitfinex’s state-of-the-art features and functionality.

Bitfinex always goes further when it comes to providing access and opportunities for people to learn about cryptocurrency. Not only do we provide the tools, but we also encourage people to explore the world of cryptocurrency in a secure environment.

After the launch of the new feature, Bitfinex is holding a Paper Trading contest, Rey del Papel.

The competition aims to incentivize people to gain exposure to cryptocurrency through crypto trading. Anyone can enter the competition and start trading without fear of losing money and at the same time have the chance to win a prize.

How to join Rey del Papel is very simple, as follows:

  • You must be 18 years old and not 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 have the right to top up your wallet as often as you want.

The winners are the participants with the highest trade volume and the most profit and loss (P&L) on TEST pairs with a chance of winning one 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 00:01 am (UTC) to 29th July at 11:59:59 PM (UTC).

You can find more information about the competition here.

Join in the fun as you hone your trading skills and put those new strategies to the test. Who knows, you might be Bitfinex ‘King of Paper Trading!

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