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The market is green again, and as an OG trader I know a lot of platforms could be rolling out various competitions to build liquidity and also reward users. I actually lost a lot to memecoins recently and I'm looking to build up my liquidity via bounties, competitions etc now that the market is a little bit stable hence this thread.

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

As someone who has done trading contests, my advice is don't.

You CAN win them. But you'll use up so much and lose so much to trading commissions you will need to make upward of 10% just to make up for the lost commissions on CEX. Prepare for 5% on DEX. You'll essentially be doing wash trading, but can you compete with bots?

CEX usually give out cash, DEX give out NFTs and nowadays memecoins. Which you sell hoping they cost more than you lost. It usually ends up false hope :)

Trading competitions are always ongoing because as one ended another will start. But I only prefer to advice traders that they can register for such competitions because they are trading at that time and not registered because they want to earn from it for it not to change your trading strategies. Trading is very risky and it can take money from someone and the person may not qualify or win any prize at the end.

Nah, I don't join in the contest as that is difficult for me. I realized that I need to have much money to trade in that competition. Besides that, I do not have good skill in trading so I can not get a better position.

I prefer to trade as usual without joining in the competition. With that way, I can relax myself in analyzing the market and will not rush to chase a better position in that competition.

You can find the trading contests in some exchanges such as Binance, KuCoin, Bybit, Bitget or else. But make sure you know the rules and how you can get the position.

Trading alone is already very risky and can take a toll on one's emotions. Doesn’t joining a trading contest add even more emotional stress? Like being extra careful so you don’t make silly mistakes, dealing with anxiety, and managing the expectations that come with such a contest.

I can't really call myself a full-time trader and have never joined a trading contest before, but I'm already feeling like participating would be too risky and expensive. I think the reply from @slaman29 has justified my doubts about the trading contest. You should think this through thoroughly to be certain that you really want to go ahead with your decision. I wish you well on your trading journey.

I hope you recover back your lost money in memecoins. I advise you to avoid memecoins if you couldn't buy them at the very beginning of a bullish season, or when the bearish season is almost over.

I know of the traditional trading contest style through brokers, and not exchanges. I hardly see forex brokers without a trading contest, so do yourself a good by using Google to that advantage. You can trade cryptos in the contests too, if that is your choice.

As stated by several members, I also have the same view, if you want to join a trading contest and hope to cover your previous losses you must be prepared for the consequences of greater losses. Trading contests require a lot of capital and besides that you must really focus and continue to monitor the market in order to make the right decisions when trading, my advice if you really want to join it choose the right competition and according to your trading experience so you can compete with other traders but avoiding is much better. ;)

https://www.mexc.com/futures-activity/trading-competition
https://crypto.com/en/events/avax-trading-and-deposit-competition
https://www.okx.com/campaigns/cm-jan-trading-competition-2025

Links above might be their past month trading competition but surely they do have the current ones. Most of the time current top tier platforms does have their
trading competition. If you do find yourself having that good skills on the way you do trade then joining up these competition might give you an edge.
It doesnt matter on which way we do able to get money or source as long you do make use of your skills and knowledge then there's always the odds.

Trading contest is usually of two types, the first is futures and the second is spot trading, if some exchange launch trading contest, they usually specify which one of them it is and also the terms and conditions of participating in the contest. If it's in spot trading, they will ask you to purchase a particular coin with a certain amount, so you will buy and sell and repeat it again, depending on the condition they gave. Same applies to futures, you will trade a certain amount giving you the leverage to win the contest but futures trading is more risky. You could lose some money trying to win the contest.

Last contest I witnessed but did not participate was hosted by Binance exchange on the month of March. Sometimes, you can check those exchanges they usually bring up those contest almost every month.

Ive participated on most trading contest on cex. Preferably bybit, I approach the contest with cautious. Its all about volume so Id say better get to do a solid charting or analyzing the token project. Its gonna be good to buy low and sell high but sometimes it not happened often, and make some error but make sure you did your best on trying to win trade aside from eyeing the prizes.

Generally the advice would be to approach with a mindset not to get overwhelmed by your emotions because that can be the number one enemy against you, but because that is very difficult to do, even though you start up like that, it is hard to maintain. Just avoid competitions like this because they can put you under unnecessary pressure that could lead to sometimes uncalculated losses.

Trade at your own pace.

If you lost a lot of money to meme coins, go spot trading using the remaining money. Now if you don't have money left, go find a work. :) Don't rely on bounties as well because it isn't worth it. Go find a work and use your salary to trade.

I'm familiar with these trading competitions where there will be a bounty pool and you as a trader will get a share of that prize if you do the certain requirements. While this can give you additional capital, it needs lots... and I mean lots of capital in order to get a huge share of the prize pool. If you're trading just because of these competitions, change your approach already because it will not be worth it. You might've spent thousands of dollars already and you will only get hundreds of dollars. It isn't worth it at all.

I believe there are some exchanges that has current trading competition. MEXC has many events where if you trade specific coins, you will get a share of the prize pool. I don't know if Bitget has currently.

Trading contest via trading or exchange platforms hosts? I haven't been involved in trading competition neither do I trade on platforms that fosters their special offers just to attract users to their platforms. I basically go for reputable platforms and stick to my normal trading and I also don't chase free earning.

I wasn't even 20% a full time trader and I joined so many contests in the first few crypto years, especially when DEX platforms started popping up I was a full degen joining all of them, supposedly NFTs to be won were rare (and to be fair Pancakeswap NFTs for the first few trading contests were VERY worth it if you won and sold them immediately).

Its all a scam in the end, sorry to keep repeating myself. Wash trading in 10 different uniforms.

There are a lot of famous exchanges today that host trading competitions. Most announcements can be seen on their website or mobile app if you frequently use them, or even on their social media. So make sure you follow their social media, the trading platform you always use.

Exactly, I usually receive notifications for competition events at my email address linked to the exchange.
Typically, users are get informed of every announcement made on the exchange platform, and the next option could be their social media accounts.

But let me remind you, OP, that choosing a legitimate exchange is crucial if you really want to join a contest, as it sometimes can lead you to a scam.  Instead of pursuing this competition, I believe a safer way to earn is to join an affiliate program.

So you have traded and have an account on a particular exchange where you usually trade? Usually, the exchange notifies their members via email or social media when it holds a contest or competition. You should also get a notification like that.
The most common trading competition I have encountered on an exchange is when they list a new coin or the developer of a new coin holds a trading contest. I think it will be almost the same as your experience with the meme coin.
Trade as usual with your skills, don't chase bonuses from competitions. Maybe the results are not worth your loss.

Yeah, promotional emails are the ways that we learn them, and usually quite earlier on, like a week before at least, so you ready yourself for it, you end up trying to deposit as much as you can for that day, and then you trade as much as you can that day too.

The point here is that trading amount is the key, not the profit, for most of them, meaning if you invest a thousand, and lose all thousand, but traded it many times and have a 100k+ trading volume then you are doing better than everyone else and you will get reward, but if you deposited a thousand, and have five thousand because you won, but you only trading volume is 20k then you are not going to win. So you have to decide, do you want more volume, or do you want to focus on trading profitability?

By knowing whether it's right for you or nah. As with anything, you'd need to gauge your risk appetite because you could lose your principal. It's typically not for small spenders as well—higher amount means higher risk.

My middle ground approach would be on the lookout for upcoming projects that does trading contests. You pretty much just use testnet coins, burner wallet and/or device so risk is much lower. But don't expect huge prizes like in big tier 1 exchanges and nevermind if you're prone to scams.

I have noticed too exchanges sometimes run trading competitions. It would be for a newly listed coin or for existing ones as well. But I never participated in such a trading competition ever. Because I need a lot of funds to trade, there would be a loss as well from the trading. Also, I don't trade with such a big amount on the exchange, and I don't store such a big amount on the exchange as well. So think twice before you participate in the trading competition.

Sorry to hear you lost from meme trading. That's the reason I don't often trade with meme coins. Because they are highly volatile and high-risk to trade them. Only lucky people made money from the meme coin trading. Hope you learnt from your mistakes.

I don't think you need a lot of funds to trade in competitions. OKX or Binance have a minimum deposit on competitions of only around $100. If you are included in the top 60, you will get rewarded based on your rankings.

The only disadvantage to trading in this competition is if you have a big amount to deposit, you can dominate other traders. A higher deposit means that you can win a huge profit you could easily take the top 1 position because it is based on PNL. Higher PNL will take you to the top spots.

Another disadvantage is if you are not a professional and no proven profitable strategy, why would you compete with professional traders? Most of the traders there are scalpers and have lots of experience. I can join some competitions, but I might not be able to take even a top 60 spot because there are many traders joining this game. However, it's a good experience to join, win or lose. I am satisfied with my experience before because I saw many profitable traders that's the reason why I stayed learning more about trading and be a profitable trader just like them.

Approaching a contest with a mindset to earn capital isn't really good IMO. You'll get stressed easily simply because the market maker can easily reach double or triple your trading volume because their capital is relatively large. I haven't found a contest where you can win something decent if your trading volume is hovering around the thousand or even lower, unless you want to chase the lucky win where 1 ticket is required. That's just as unreliable as finding the right meme tokens that will pump for you. CMIIW.

Never go for such contests and stop promoting them if you have any morals left in your.

The contests are a method for the exchange to make money. Trading is a complete reverse of this, you trade when the market reaches some specific constraints and hold till that happens.

Because of this nature of being profitable in trading, exchanges dont get enough money to pay their bills at certain times of the years and this is why they came up with this "contest" thing.

As for links, almost all the reputable centralized exchanges have trading competitions on their platforms from time to time. You can check the top ones by trust rating. However, I don't think it's worth it chasing competitions on exchanges. It's stressful for me following up on the dos and don'ts of these competitions. That's why I don't bother with them. Trading alone is stressful, let alone making someone constantly look over their shoulders to keep certain rules and regulations. This is why I'm never going to be a fan of pro firm accounts. I rather build capital by myself and trade at my own dictates.

Tracing competition,,, it’s where numbers counts but, not something I would want to be in frankly. Even if I should try, I don’t think I would go with it having a competitive mindset. I think this can lead to take trading and a trying to catch up with your lose just to make those numbers come. This could mean even more losses.
I think the approach would be consistently trading but, using only already built and tested strategies.

Personally I don't encourage trading competition for newbies, this isn't me making a stereotype but an advice bases on experience and that is because  often times newbies may not have been skilled enough to master their emotions and trading can at some point be emotionally dependent and competitions does put one in s uch situation a lot of times. But for experience traders who has mastered the skill, they could attempt competitions and hope to get lucky because honestly even the skilled traders can make mistakes sometimes meanwhile they can also use the opportunity to help their portfolio via the rewards gotten from the competition.

Just follow token splash or something similar instead where you trade on a new pair and get token reward, these trading contest aren't worth it most of the time and I can even say that they're just plain gimmick.
Unless you're trading tens of millions in volume or even more I doubt you will win anything out of it, I know it too well that exchange always reward the biggest trader.

I never approach a trading competition because it is difficult to compete with many traders. The risk will be big and make you lose control and also lose money. Besides that, you need to have a better skill to compete along other traders which also have a good skill in trading.

If you want to recover from your losses, you can use spot trading, choose the coin/token, analyze it and make a profit. But in this matter, you need to have skill to analyze the movement. You don't have to try to participate in a trading competition especially if you realize that you don't have much skill to analyze.

But if you still insist to try a trading competition, you can participate in a recommended exchange and preparing some money you can afford and start trading. You will see on where your position in the trading competition.

Actually I do have a contest going right now. It is on a telegram bot that I wrote.

The contest is paper trading bitcoin, meaning you will not lose real money.
Feel free to join, but for now there are no prizes.

https://bitcointalk.org/index.php?topic=5540701

Contest ends 10th may.

Which exchange do you trade on? Currently, there are no such cryptocurrency exchanges that do not host trading contests or other airdrops for participants. New tokens are launched daily via launchpad and launchpool, as well as IDO on the Binance WEB3 wallet.

The goal here requires maximum mindset and emotional strength,it shouldn't be like the normal kind of trading.There has to be a focus on quality steps to avoid further indulgence in doing things the reverse.There're literally so many things to stick with and refrain from,it's so not easy.

It is difficult to participate in a trading competition because you will meet many pro traders. They have high skill so you will not easily to stay at top 100 traders. You can lose money if you don't have good skill to trade. You can check on Binance or Bitget or other exchanges because I see they have a trading competition which have a big prizes. But I suggested you don't have to participate and choose spot trading especially if you don't have good skill. If you have good skill, future trading can be a good option.

You guys kinda missed the point of my post, which @Floxynice was referring to. It's not about mindset and emotional strength, @Oluwa-btc. Not at all. It's literally about having a big balance to wash trade.

@michellee the only time I won trading contests was on DEX when they were still new. Pancakeswap. And I did it with a smaller budget than big guys because I was willing to wash trade (Buy sell same pair over and over and over). You lose each time from commission but you win the prize to make up for it.

I wasted hours and days doing it, those were the days, I made a bit of money but that was in a bullrun, selling the prize (NFT) for more than I lose in commissions.

It's not about pro traders at all. Not about skill. Literally every trading contest is a wash trading competition.

I think the first cause to the little challenge you had was in trading with memecoins, because they are more volatile than other digital assets and also the risk in them is more higher, though I see this as personal interest on trade, than going after contest or competition in trading, because we are expected to trade base on our abilities and this does not set us on edge over others except we get it right to trade and make profits in it.

I don't  thinks trading contest are the best to engage in actually.  Reason been that, trading in itself can take a toll on your emotions especially if you are yet to master the act of subjecting your emotions under good control,  you can really have your emotions interface with your mind trading,  thisbis even on a personal grounds when you are trading for yourself,  imagine you are in a competition where you have to keep up with what others are doing in other to make sure you are ahead,  the emotions will literally double and that alone is a flawed way to trade.

Going into a competition,  you have almost no idea whet the other traders know,  you don't  know  what kind of information is available to them and their edge obviously is something they wouldn't mention until you probably observe it as seen in their pattern of trades. All of this put together doesn't put you in a better position trading competitively. Expect you are experienced enough and you've got a proven edge that gives you a good success rate, I don't see competition as something to engage in except you have personal reasons.

First of all, am not a big fan of trading contest because you will act and be taking trades you shouldn't have because you are desperate, but if you are not in any pressure to trade, you might take a single trade in a whole week and even make more than those that trades constantly every day throughout the week because all those traders they took will be unsuccessful traders due to pressure of trading because others are already making it, so my advice to you is that their is no need getting into a trading contest because you might even liquidate your margin in the process due to constant taking trades that is not worth it.
Furthermore, the best way  to make money in the market is to trade less, because you will only be trading a set up that is 100% certain, but if you get into a trading competition, you have practically removed that patience you once have because you will be desperate in your actions.

Contest only leads to rash decisions and poorly entered positions. You can make good money from long term trading but if you are going for these contests, they lead to the complete reversal of the buy-low-sell-high system.

It is because exchanges love people who make rash decisions and lose money. Trading fee is also another factor that brings them money.

It is best to avoid them as much as possible rather never participate in them. Be the long term trader with goals for stable profits.

I don't understand why there is so much negativity around these trading contests. If the contest is free, then you can join it and continue trading on the stock exchange, as before, without setting a goal to win it. And if you end up earning any kind of prize, then it will just be your additional earnings.

No need for drama as people have options when they are given opportunities of joining trading contests. They can either join or no join trading contests and nobody, no exchange can force them to participate in any trading contests if they see risk and want to keep their trading capital as safest as possible.

When they have freedom to make their choices, if they start drama later, it will become very hilariously and unacceptable too.

Actually its not bad to join up with those tournaments or competition in trading but the best approach to this is that you shouldnt be that anticipating that you could be a winner. Why? it will be indeed that making you desperate on which you wont be able to think up well because you are already that longing for the prize pot. Thinking up realistically about these competitions is that you should be wary that there are tons of whales out there on which that generating that soo much volume or simply does have that big capital on which simply means that they can make out those big positions than you and generate volume more than you. If you do find yourself that being a shrimp in the sea then its better not to make yourself that delusional on winning up or trying out to get some slice of the pie because this will be just that making you disappoint just because you've been expecting something better. The best approach when you do or participating on a contest is that you should be that trying out to learn as much as you could despite on having that less or small capital. Dont expect about on winning because its nearly impossible with having that less amount of capital you do, not unless if there's some specific amount being instructed then you can take a shot but still not that enough to become that optimistic just because there's no way on beating up those people who are on the top. If you are just that new and trying out to swim together with those big fishes then  you should that know on how to go with the flow. Always think about on how you would be able to sustain and be able to survive on day to day living. Joining up contest isnt that easy to win because you are dealing with those best of the best traders out there and if you do find yourself just that recently learning then it would be just that too wrong that you would be that thinking that you can beat them up. lol.  Trade accordingly basing up into the learnings that you have obtained in the past and do make yourself that keep improving as things becomes that more better or you are gradually been able to have that good grasps towards the market. Its not easy but its not that impossible, the main thing that you should be targeting into is on how you would be able to learn up and trade up independently and once you have acquired up such skill then this isnt something that would be taken from you.

Usually these trading contests are part of their marketing tactics which attract peoples and also increase their transactions if someone wants to avoid them it's never been problem because no exchange or site can force anyone to join this without his wish.

Here I completely agree about this mostly exchanges wants peoples to join and then lose their funds in these because this will increase their profit which is always important for them and they always organize these competitions just because of this. Peoples love to have their own way of trading because mostly this give them good profit but due to these competitions they lost their momentum and things gone on wrong side for them for me having these competitions never been favourable.

The problem with most trading competitions on exchanges is that only the winners actually get paid.

You need to show crazy high returns to even get close to the finals.

A lot of the time, the prize is just bonus credits you have to ‘work off’ — or they’ll only let you withdraw profits made from trading those bonus funds within a time limit.

It’s usually way easier to join promos that pay out real dollars, guaranteed. For example, Cryptomus gives you actual cash for stuff like registration, verification, and other simple tasks.

https://app.cryptomus.com/awards (https://app.cryptomus.com/awards)

You can use that as a deposit to trade — they even have their own exchange too.

Hey, I am just curious on learning your prior experiences on building your liquidity from bounties and trading competitions. I mean how successful you were on achieving your goals of getting rewards? Because, this is the very first time I come across that someone trying bounties and competitions for trading purposes. I feel like that you are wasting your time. I would rather spend my time on learning and practicing for my next round of attempts in trading.

Actual dollars in what sense? Does it mean you are allowed to withdraw them? Because, some services are providing this type of rewards but you need to use them for trading and then the profits alone get eligible for withdraw and not the rewards.

I think almost all exchanges offers a trading competition where you would have to join their competition to be able to share a specific amount of coin after competition ends, and yes I have never made out that time and chance to belong or join one because I can't afford to raise the amount required to join to trade with them. Most of the exchange offer trading competition from $500-$1000 above against the required newly listed coin and token when listed on their exchange, most of this competitions are being hosted by the token owners just to attract more liquidity to their coin, most times people lose or those who ends up holding those coin in their accounts usually ends up becoming victim of those coin due to lack of proper research because most of the rewards are being sent in the coin you traded on.

I tried to be part of the exchange contest before and its my first time i thought its all about the wins and strategy but of course it tooks so many time and money to be part of the leaderboard and im just normal trader and after that i didnt join anymore because it tooks tok much pressure just to be part of it instead you are just enjoying your trades.

Okay lets say that they are that paying with that registration,verification and with some simple tasks. I have checked out on the link given then on which i have seen those rewards given.

0.05 CRMS
Connecting Cryptomus account Telegram bot.
Connect the Cryptomus account Telegram bot to your account to receive notifications on Personal wallet transactions.

2.5 CRMS
Download the Cryptomus mobile app in the App Store and leave a review
We've released a mobile application for iOS! Leave a review under the application, then enter your App Store nickname in the form below and we'll check it out.


2.5 CRMS
Staking 10,000 TRX.
Start staking 10,000 TRX and wait for the staking to be completed.

Source: https://app.cryptomus.com/awards

Are those rewards worth? No, just take look at with that 2.5 CRMS on staking 10,000 TRX which is having the cost of $2840 as of this moment and you do able to get
2.5 CRMS on which it is that currently priced $0.98 as of this writing on which it isnt worth at all.  :-\

Competitions and contests held either by exchanges or casinos are only about how much money you have that you can utilise to have a spot at the top of the leaderboard. If you are not a high roller or a whale, forget about it. These competitions are not for regular users like me and you, because we can't reach hundreds of thousands of dollars in trades within days or even a month, or we can't wager more than a few hundred thousand dollars in a casino unless we have that much money in our bank account or bitcoin wallet. :)

I also used to think that maybe if I explore some of these events, and try, I might make it and win a reward, but over time, I realized that it's not possible, and that only those with large funds can actually win the rewards, and others who try to compete are only going to provide more revenue to the platform and nothing else.

For regular and normal users, it's better if they focus on what they are originally doing instead of going towards these side quests.

I got rewards in Cryptomus stablecoins for everything I did — signing up, KYC, installing their app, you name it. You can easily swap them on a DEX for regular USDT, then it’s yours to spend however you like — cash out to USD, spend it, whatever.
They also have a P2P exchange where people flip these stablecoins and you can send the money straight to your card. But honestly, I’m not a fan — the rates are usually lower than they should be. I’d rather swap them on Uniswap and keep the full value.

If you do all the tasks, you’ll get around $30 in actual cash. That’s more than enough to start a bankroll boost strategy.
Want to get more out of Cryptomus? For some reason they don’t promote it much, but hit up their Telegram forum — they often share extra fat bonus deals there.
The main thing is, they pay real money right away — not some fake prize you need to win and grind out first

I doubt exchange making profit from people's losses beside their fixed fee on each orders.
Ultimately the contest is to incentivize high frequency trading and to inflate volume as well. If the trader is too hasty on their trade to chase the volume because it's a race in a nutshell, then it's the trader's fault.

This is also why I never ever joined any trading contest, you either just gonna be watching people winning the contest with massive capital to begin with from the sideline or you're just gonna lose everything along the way.
Incentivizing to trade new pair and give reward for it is far far better than these contests.

You may lose more money if you join a trading competition because only traders with high trading activity will be able to enter the leaderboard, the more trading volume you have, the higher your position will be, while you want to regain liquidity after losing a lot in memecoin, joining a trading competition will not help your target at all. It is better to trade normally or join an airdrop even though the airdrop is no longer promising, but the risk of losing money is less.

It makes it look like that one should trade just for the sake of trading and not to strategically buy and sell later.

The exchange makes money off every trade fee. So for the exchange it is happy hours. I would never advice anyone to participate in such contests where you can easily make wrong rash decisions and lose money just to be on the leader-board or be given a useless title.

Casinos have these leaderboards only to stroke the ego of the highrollers, so they lose money and exchanges are doing the same, because spot trading is less profitable for the exchange.

I think your comment is correct, you are right that although trading competitions are interesting, every trader should have a good knowledge of dating and strategy before participating in trading. If you change your strategy in the hope of winning, you will face risks, I think you should participate in competitions if you are trading regularly at that time and have confidence in your own strategy. The most important thing is that trading competitions can be a way to build confidence, but it is not right to see it as a guarantee of earning income.