Most traders searching for online prop firms are looking for one thing: a clear path to simulated funded capital without risking personal savings. Bitfunded was built specifically for that purpose. Operating since 2023, it offers a simulated trading environment where independent crypto traders can prove their skills, access up to 100,000 USDT in demo capital, and earn real performance-based rewards. But none of that is accessible without first passing the prop firm challenge. This blog breaks down exactly how that process works, what rules govern it, and what qualifications are practically required.
What Is a Prop Firm Challenge at Bitfunded?
A prop firm challenge at Bitfunded is a two-stage or one-stage, simulated evaluation designed to identify traders capable of generating consistent returns while managing risk within defined limits. There are no interviews, credential checks, or prior account history requirements. Performance against a published ruleset is the only filter that matters.
Bitfunded’s challenge is available across 7 account levels:
- Base: $5,000 simulated capital
- Starter: $10,000 simulated capital
- Skilled: $15,000 simulated capital
- Intermediate: $25,000 simulated capital
- Advanced: $50,000 simulated capital
- Expert: $100,000 simulated capital
- Apex: $150,000 simulated capital
Each level carries its own entry fee, profit target, and drawdown limits. Traders select the level that matches their experience and risk tolerance before beginning the evaluation.
Stage 1: The Initial Challenge
Stage 1 is the first gate every trader must pass. The objective is to hit a defined profit target on the selected demo account while remaining within the platform’s drawdown rules throughout. According to Bitfunded’s challenge terms, the following conditions apply during Stage 1:
- Traders must actively trade for at least 5 days before the stage can be completed.
- All open positions must be closed before a profit target is confirmed and the stage is officially cleared.
- A Maximum Daily Loss limit applies throughout. Breaching it results in all trades being automatically closed and immediate disqualification from the evaluation.
- A Maximum Loss limit also applies across the entire stage. Exceeding this ends the challenge regardless of how many trading days remain.
The daily loss limit resets at 00:00 UTC+8, which marks the start of each new trading day on Bitfunded’s platform. Traders need to account for this timezone reset when managing positions that run close to the settlement window, particularly those trading from European or American time zones.
Stage 2: The Verification Round
Once Stage 1 is passed, BitFunded sends new simulated account credentials within approximately two business days. Stage 2 then begins under the same structural rules as Stage 1, with one key difference: the profit target is set lower than Stage 1.
The structure mirrors Stage 1 with one important difference: the profit target is lower. Bitfunded uses Stage 2 specifically to confirm that Stage 1 results were not coincidental. The same drawdown rules apply, the same 5-day minimum trading requirement applies, and all positions must be closed before Stage 2 can be marked complete.
This two-stage model is deliberate. A trader who hits a profit target once in a single high-risk session will struggle to repeat it under Stage 2’s conditions without violating the consistency both stages demand.
Trading Rules That Apply Across Both Stages
Several rules are consistent across the entire Bitfunded evaluation:
No Strategy Restrictions
Bitfunded explicitly allows trading on weekends, during news events, and on economic releases. There are no restrictions on trading style, holding period, or session timing. Over 100 crypto pairs are available across both stages. This is a meaningful distinction from many prop firms that prohibit news trading or impose specific holding windows.
Position Closure Requirement
All positions must be closed to progress from one stage to the next. Reaching a profit target with open trades does not count toward completing the stage objective. This rule applies at both Stage 1 and Stage 2 completion.
Daily Loss Resets at 00:00 UTC+8
The daily loss calculation resets at midnight UTC+8. Any trades opened after this point count toward the new trading day’s loss limit. Traders holding positions across this window need to factor the reset into their risk calculation to avoid an unintended breach.
Disqualification is Immediate
Both the daily loss limit and the maximum loss limit carry instant disqualification with no grace period. There is no appeal process for drawdown breaches under BitFunded’s current challenge terms.
What Happens After Passing Both Stages
Traders who complete both stages receive a funded simulated trading account of up to 100,000 USDT. The default profit split is 80/20, meaning 80% of all simulated profits go directly to the trader. Payouts are processed monthly in USDT.
Bitfunded also runs an Incentive Scaling Program for consistent performers. Traders who generate at least 10% net demo profit across four consecutive months, complete at least two withdrawals within that period, and maintain an account balance above the initial virtual balance, become eligible for a payout ratio increase of up to 90/10. This scaling structure rewards traders who sustain performance rather than those who peak early and fade.
Ready to Take the Challenge That Pays
For traders serious about accessing simulated capital without risking personal funds, BitFunded stands out as one of the best crypto prop trading firms operating today. The two-stage evaluation is transparent; the rules are published in full, and the 80/20 payout structure rewards traders who perform consistently over time. Whether the goal is to trade the best cryptocurrency pairs, such as BTC, ETH, or emerging altcoins, across 100 or more available markets, Bitfunded provides the infrastructure to do so at a scale that personal capital rarely allows. Pick a challenge level and start the evaluation today.
FAQs
How many stages does the Bitfunded challenge have?
Bitfunded’s evaluation has two stages. Both must be completed before a funded trader account is granted.
What is the minimum number of trading days required to pass?
Traders must actively trade for at least 5 days before completing either stage of the challenge.
When does the daily loss limit reset on Bitfunded?
The daily loss limit resets at 00:00 UTC+8, marking the start of each new trading day on the platform.
Can traders use any strategy during the Bitfunded challenge?
Yes. Bitfunded allows all trading styles, including news trading and weekend trading, with no strategy restrictions.
What is Bitfunded’s default payout ratio for funded traders?
The default payout split is 80/20, with 80% of simulated trading profits going directly to the trader.
Can the payout ratio at Bitfunded increase beyond 80/20?
Yes. Traders who meet the Incentive Scaling Program conditions can qualify for a payout ratio of up to 90/10.