If you are familiar with crypto trading but do not possess the capital to realize substantial profits, you can attempt to become a crypto funded trader. It lets you trade with a funded account offered by a proprietary trading firm without risking your own savings. Rather than committing big money initially, you demonstrate your skills, undergo an assessment, and consequently gain access to demo accounts that are associated with profit-sharing schemes.
Platforms like Bitfunded are made for crypto-only traders, with an India-friendly solution and straightforward, attainable goals. This guide breaks down the whole process in step-by-step format, from preparation to disbursements.
Step 1: Build a Solid Foundation in Crypto Trading
The first step in your funded trading journey is strengthening your knowledge base. Crypto markets behave differently from stocks or forex due to their volatility, 24/7 operations, and sensitivity to news events. To succeed:
- Master Technical Analysis: Understand patterns such as candlestick formations, moving averages, RSI, MACD, Fibonacci levels, and trendlines. These indicators help you predict price moves with higher accuracy.
- Understand Key Aspects: Learn tokenomics, supply-demand dynamics, blockchain applications, and key network updates. A new feature or update can trigger dramatic price action.
- Practice Loss Management: Great traders are aware of how to cap losses. Set realistic stop-loss points, hold a risk-to-reward ratio (preferably 1:2 or higher), and avoid over-leveraging.
This preparation will make sure you have the proper tools when you try the evaluation phases.
Step 2: Choose the Proper Evaluation Challenge
Having faith in your ability, the second step involves selecting the level of the challenge. There are various levels, like Base, Intermediate, and Expert, at Bitfunded. Every level has:
- A virtual initial balance (up to 100,000 USDT)
- A profit target for fulfillment (e.g., 8% for Phase 1)
- Risk limits, including daily and maximum drawdowns
Select a level that corresponds with your trading experience and style. If you are inexperienced with funded tests, beginning with a smaller account may be appropriate before progressing to a higher level.
Step 3: Pass the Two Evaluation Phases
The process of becoming a crypto funded trader has two distinct phases:
- Phase 1: The Challenge – Here, you trade on a simulated account and try to reach a predetermined profit goal without exceeding risk levels. This phase puts your skills at making regular returns under actual market conditions (but in a safe simulated environment).
- Phase 2: Verification – After you pass the challenge, you move into verification. The requirements are a bit more relaxed here, to ensure your performance wasn’t luck-driven. You will have to trade with discipline and consistency.
Success in both phases earns you the stamp of approval for your skills, opening doors to a funded trading account where you can earn profit shares.
Step 4: Start Trading with a Funded Account
Passing the tests enables you to start trading with a funded account, a simulated account funded by the proprietary company’s profit-sharing program. As an example, Bitfunded offers accounts with 100,000 USDT balances, and traders can receive up to 90% of their gains under its payout system.
That way, you can focus on trading tactics with no fear of losing personal funds, a big plus for crypto traders who have to contend with fluctuating markets.
Step 5: Learn the Profit Share and Scaling Terms
Bitfunded provides an 80% standard profit share, which rises to 90% when you qualify under the Incentive Scaling Program. To qualify:
- Maintain a net profit of 10% for four months (approximately 2.5% every month)
- Make at least two withdrawals within that period
- Keep your account balance higher than the initial level
This incentive system encourages traders to concentrate on steady performance and not take dangerous short-term gains.
Step 6: Risk Management Like a Pro
Poor risk management is one of the most common reasons traders fail funded tests. Bitfunded has well-defined daily and maximum drawdown rules, and failure to comply with them disqualifies. To prevent this:
- Risk only 1-2% of your account per trade
- Don’t revenge trade after a loss
- Take time off when you reach daily loss limits
Treat this like real money. Discipline is what sets successful, funded traders apart from the losers.
Step 7: Leverage Crypto-Specific Functionality
Unlike companies that combine forex, equities, and crypto, Bitfunded specializes in cryptocurrency trading. This translates to:
- You can trade 100+ crypto pairs, including top assets such as BTC, ETH, and altcoins
- There are no restrictions on trading during news events
- You can trade on weekends, as cryptocurrency markets operate 24/7
This is a major advantage for those who wish to have exposure only to crypto assets.
Step 8: Understand Pay-outs and Tax Implications
Bitfunded makes virtual payouts in 14 days, and you can schedule your desired day of withdrawal, which you can also change up to three times. It’s paid in USDT, which is easy for Indian traders. Note, though:
- Though the setting is simulated, your profit is real and taxable
- In India, gains through such a setup tend to be treated as business or freelance income, so declare them accordingly
This openness keeps you compliant and prevents legal problems down the line.
Step 9: Create Consistency and Scale Up
Your aim is not only to pass the evaluation once. Supported trading rewards those who show long-term discipline. The more consistent you are:
- The greater the simulated capital you will be able to manage
- The more you will earn as a percentage (up to 90%)
- The more established your record of future trading access
Bitfunded facilitates this growth through its scaling program, which enables you to grow your account size incrementally as your performance improves.
Final Thoughts
Getting yourself to be a crypto funded trader is a great way to trade on a professional scale without risking personal capital. It’s a disciplined process that pays off with consistency and expertise. Follow these steps, beginning with solid fundamentals, selecting the right assessment, honoring risk thresholds, and achieving steady profits, and you can effectively tap into the best funded accounts for crypto traders.
For Indian merchants, Bitfunded makes it easy by taking USDT and paying out in crypto. With its transparent guidelines, good profit sharing, and cryptocurrency focus, it is one of the most trustworthy funded trading prop firms in India.
If you are serious about trading and wish to grow your skills without risking your savings, begin your assessment today.