The prop trading world has changed dramatically. US traders no longer need to risk their own capital to access serious trading power. With Bitfunded offering crypto funding account challenges, disciplined traders can now prove their skills and earn real rewards, without putting personal funds on the line.
But passing a Bitfunded challenge isn’t about getting lucky on a few trades. It’s about structure, patience, and knowing exactly how the rules work. Here’s a step-by-step breakdown of what US traders need to know.
What Is Bitfunded and Why Does It Matter?
Bitfunded is a cryptocurrency-focused proprietary trading firm founded in December 2023 and headquartered in the UAE. What makes us stand out among the highest paying prop trading firms is our exclusive focus on crypto, over 100+ digital asset pairs, a proprietary trading platform, and an 80/20 profit split that goes directly to our funded traders.
Unlike traditional prop firms that treat crypto as an afterthought, we built Bitfunded around it. News trading, weekend trading, and all major crypto pairs are fully supported. At Bitfunded, you trade with simulated capital, meaning no real funds are at risk on your end. Your payouts are performance-based rewards calculated from your simulated trading results. For US traders looking to get into crypto trading online without the overhead of running their own capital, our model makes a lot of sense.
The Bitfunded Challenge: A Step-by-Step Breakdown
Step 1: Choose the Right Challenge Account
We offer two evaluation models, a Two-Step Challenge and a One-Step Challenge. For most US traders, the Two-Step is the smarter entry point.
Two-Step Challenge:
- Stage 1: Hit an 8% profit target
- Stage 2: Hit a 5% profit target
- Daily drawdown limit: 5%
- Maximum drawdown: 8–10% overall
- Minimum trading days: 5 per stage
- Challenge fees start at around $79 for a $5,000 account and go up to roughly $599 for the $100,000 Apex account
The challenge fee is fully refunded once you pass and get funded, which makes our challenge prop firm model far less risky than it first appears.
One-Step Challenge:
- Single 10% profit target
- Tighter daily drawdown of 4%
- Maximum drawdown of 6%
- Faster path but less room for error
If you’re a newer trader or still building consistency, start with the Two-Step. The extra stage is worth the added breathing room.
Step 2: Understand the Risk Rules Cold
This is where most traders fail, not because they can’t trade, but because they don’t respect the risk parameters. At Bitfunded, we use static drawdown limits, meaning they’re calculated from your starting balance, not your peak equity. This is actually trader-friendly because you always know exactly where your hard limits are.
Key rules to internalize before you place a single trade:
- Daily drawdown resets at 00:00 UTC+8. Know when your trading day starts
- Never risk more than 1% to 2% per trade, with a 5% daily limit. Three consecutive bad trades at 2% each will end your day.
- All positions must be closed to complete a stage; you cannot leave open trades and claim stage completion
- One funded account per challenge level at a time, you can run multiple challenges, but not duplicate funded accounts at the same level
Before starting any crypto funding account challenges with us, make sure you read every terms document we publish, not just the FAQ. Understanding our full rule set upfront is the single most important step before you trade.
Step 3: Build a Challenge-Specific Trading Plan
Trading a Bitfunded challenge is not the same as trading your personal account. Our evaluation environment rewards consistency over aggression, and since all trading happens on simulated capital, the focus is entirely on demonstrating disciplined risk management. Here’s what a solid challenge strategy looks like:
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Target 0.5–1% per day:
To hit an 8% Stage 1 target over a minimum of 5 trading days, you only need around 1.6% per day. Slow and steady not only protects you from drawdown violations but also signals the kind of discipline we want to see from our traders.
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Use crypto volatility strategically:
Since we fully allow news trading, major events like Fed rate decisions, ETF approvals, or CPI data drops can create genuine setups. These are opportunities that most traditional, highest-paying prop trading firms restrict. At Bitfunded, you can take full advantage of them.
Step 4: The Funded Stage: Getting Paid
Once you pass both stages, you move into the Trader Stage with a simulated funded account of up to $100,000 USDT. While the capital remains simulated, the rewards are very real, your payouts are performance-based and paid directly to you in USDT.
Payouts follow our 80/20 split, 80% of your simulated profits go to you, processed within 24 hours of your Profit Split Day.
You can request up to three payouts within a 30-day cycle. You choose your Profit Split Day within a window of 5 to 60 days from your first trading day, with the option to adjust it up to three times per month.
One important note for US traders: all withdrawals are processed in USDT only. Make sure you have a compatible wallet ready before you reach your first payout day.
Let’s Sum Up
At Bitfunded, we’ve built one of the most focused challenge prop firm environments available for crypto traders today. Our rules are structured but fair, our profit split is straightforward, and our crypto-first platform suits traders who live in digital asset markets. For US traders, the path to passing is simple in theory: trade consistently, respect the drawdown rules, and understand our full terms before you start.
The challenge is not trading; it’s discipline. At Bitfunded, we focus on helping you develop that crucial skill.
FAQs
Q1: Is Bitfunded suitable for US traders?
Yes, US traders can fully participate in our simulated crypto trading challenges and earn real USDT payouts.
Q2: How much does a Bitfunded challenge cost?
Challenge fees start at $79 for a $5,000 account and go up to $599 for $100,000.
Q3: Is the challenge fee refundable if I pass?
Yes, your challenge fee is fully refunded once you successfully pass and enter the funded Trader Stage.
Q4: How long does it take to receive a payout?
Once you reach your Profit Split Day, your payout is processed and delivered within 24 hours in USDT.
Q5: Can I trade during news events or weekends?
Absolutely. Unlike most prop firms, we fully allow news trading and weekend trading across all crypto pairs.
Q6: What happens if I breach the drawdown limit during a challenge?
Breaching the daily or maximum drawdown limit results in automatic disqualification from that specific challenge account.