Crypto asset exchange MEXC provides a secure demo trading platform for futures trading (BTC, USDT, ETH, defi, etc.) at real-time prices. MEXC has a test environment called testnet. Here you can trade even if it is not a real trade. For those who have registered with MEXC but are afraid of starting a real trade, we recommend practicing with a demo trade.
What is demo trading?
Demo trading is, as the name suggests, virtual trading. You can practice trading without spending any real money. There is absolutely no risk of losing money, making it a service for beginners. But on the other hand, you can’t make money either. Since it will be a virtual trade, even if you make money, it will be money that can only be used in the test environment.
trading practice
Demo trading is a highly recommended medium for beginners who are not familiar with trading itself. Even if you lose as much as you do in practice, you won’t lose money, so try trading thoroughly until you get used to it. As you trade, you will gradually improve your skills and experience, which will bring you closer to becoming a professional.
money does not decrease
The biggest advantage of demo trading is that you don’t lose money. Since you are using fictitious money, you can lose as much as you want. We recommend that you try to make real trades after achieving at least a monthly total positive with demo trades. Real trading is recommended after you have a certain amount of mental leeway.
Difference between demo and real
On the other hand, demo trading is not influenced by the real world like real trading. However, in real trade, the market fluctuates greatly depending on the events in the world, so this point is very different. Real trading is also dangerous, as you can lose real money. Think carefully before trading.
Not recommended for experienced users
Demo trading is not recommended for experienced traders. Because if you are an experienced person, you are familiar with the market to some extent, so it is better to start with real trading. Demo trading is only a tool for getting used to trading, so it is a tool for beginners.
MEXC demo trade
MEXC demo trade must first open an account. To do so, first open an account by referring to the article below. MEXC is now able to demo trade futures trading. MEXC Demo Trade allows you to trade BTCUSDT, ETHUSDT, BTCUSD, ETHUSD. Candlestick charts and prices may differ from real quotes in a demo trading environment.
How to start demo trading
First, log in to your account. This will take you to the home screen. Select “Demo Trade” under “Futures Trading”. In January 2024, there was an announcement from the blog, community and support that the program on the demo environment information page was upgraded. This improves trading in the market and allows invited users to trade comfortably. Before trying out the demo system, be sure to check the terms of use available at the center. You can see the fees (margin) etc.
The screen will change to the demo trading screen. Pay attention to the URL. If “testnet” is included, it means you are in a test environment. Major stocks and currencies such as BTC, ETH, USDT, and XRP can be traded on the testnet provided. You can trade at any time, regardless of Japan time or overseas time. If you find any abnormalities, please access customer service and request various types of contact. MEXC also has many business media announcements for individuals and corporations, and information such as listed coins is disseminated through blogs.
Get the money first. It is possible to replenish money from the bottom right of the screen. This can be replenished. Earn up to 50,000 USDT, 10 BTC and 100 ETH at once.
Once you have received your funds, you can start trading. This will be the same order format as real trade. You can trade by specifying the order format, leverage, etc. from the right side of the screen. Currency pairs can be switched from the upper left of the screen.
Demo trading contest
MEXC occasionally holds demo trading contests on the testnet. In 2022, it was held around June. By participating in the campaign, you had the chance to win a share of a futures bonus of 3,500 USDT. It is held irregularly every year, so be sure to check the official page. On the official website, you can see information on maintenance and updates as well as information on coin price fluctuations. Changes and operations can be made officially in the app as well. There are also many announcements on the media (instagram, twitter, discord, reddit, youtube), so please check it out now.
way to participate
Perform demo trading on testnet during the participation period. Traders who trade futures on the testnet will be automatically eligible to participate in the campaign. The MEXC futures testnet environment is now available for trading BTCUSDT, ETHUSDT, BTCUSD, and ETHUSD.
Benefit 1
During the campaign period, users with a daily trading volume of 20,000 USDT or more on all USDT margin futures trading pairs on the testnet were awarded a 10 USDT futures bonus. The system is calculated as trading volume = amount of held positions + amount of settled positions.
Benefit 2
During the campaign period, users who reach a futures trading volume of 1,000 USDT or more on both testnet and mainnet will have a chance to receive a 5USDT futures bonus. Since you have to trade on both the testnet and mainnet, you need to be an active user to some extent.
Benefit 3
During the campaign period, users who complete the quiz and get a perfect score will receive a futures bonus of 5 USDT. However, please note that the bonus cannot be withdrawn and can only be used for trading.
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