BitFunded Review

4.5 / 5 20 reviews
0 / 5 CPT rating
https://www.bitfunded.com/
Incorporation: January 2024
Pros

High Payout Ratios: The default profit split is 80:20, with the potential to increase to 90:10 through the Incentive Scaling Program, rewarding consistent performance.

Cons
  • Legal Trouble of Founder: Founder has been involved in court cases for allegedly “offering fraudulent investment advice by falsely promising fixed guaranteed returns, mis-selling financial products, and evading regulatory proceeding”.
  • Lack of Transparency on Trading Rules
  • No Mention of Trading Commissions: The platform does not clearly disclose trading commissions, which could affect profitability.
  • Lack of Transparency on Spreads and Fees: Detailed information about trading spreads and fees is not readily available.
  • Crypto-Only Payouts: Payouts are made exclusively in cryptocurrencies (USDT), which may not suit all traders.
  • No Real-Time Trading on Exchanges: All trading is simulated, which might not perfectly replicate real market conditions, especially regarding liquidity and slippage.
  • Limited Leverage: 5x, which is lower than most competitors.
  • No Long Track Record: Bitfunded was founded about a year ago. This might not mean anything, but it’s something to keep in mind.
  • No Refundable Fees.
  • Only 2-Step Challenges available.
  • No Mobile Trading.
  • Low Payout Frequency: Monthly.
  • Limited Payout Methods: Only USDT.
BitFunded.com distinguishes itself as a crypto-only proprietary trading firm tailored for traders eager to showcase their talents while accessing considerable simulated capital without putting their own money at risk. Featuring a clear and organized evaluation process, favorable payout ratios, and an emphasis on education and risk management, BitFunded provides a distinctive chance for crypto traders to grow professionally and potentially reap significant rewards. Its global presence, robust industry collaborations, and dedication to innovation position it as an attractive option for those aiming to elevate their trading careers in the rapidly changing realm of cryptocurrencies.
Who Are BitFunded
BitFunded.com is a proprietary trading firm that focuses on cryptocurrency trading challenges. Founded in 2024 and based in the United Arab Emirates, BitFunded was established by a team with over nine years of experience in the crypto industry, in collaboration with CoinW, a leading crypto exchange. The platform aims to address the needs of crypto traders, who often find that traditional prop firms and funding platforms cater more to forex or conventional assets, rather than the specific requirements of the cryptocurrency market. BitFunded offers traders the opportunity to compete in simulated trading challenges. Those who succeed receive demo funded accounts, allowing them to trade using BitFunded’s simulated capital and earn performance-based rewards. The platform features a diverse range of crypto trading pairs and implements a two-step evaluation process to gauge trading skills and discipline. BitFunded proudly positions itself as the first prop firm dedicated solely to cryptocurrency trading, with the goal of empowering traders worldwide by granting access to substantial simulated capital, advanced trading tools, and educational resources.
Trading Capital
Price
$5,000
$79
$10,000
$99
$25,000
$249
$50,000
$399
$100,000
$799
Trading Platforms
CoinW
Deposit Methods
Withdrawal Methods
Tradable Instruments
Cryptocurrency
Rules
Stage 1 - 8% Profit Target, 5% Max Daily Loss, 10% Max Loss, 5 Minimum Trading Days, Unlimited Trading Period, 1:5 Max Leverage.
Stage 2 - 5% Profit Target, 5% Max Daily Loss, 8% Max Loss, 5 Minimum Trading Days, Unlimited Trading Period, 1:5 Max Leverage.
Stage 3 - Maintain 5% max daily loss, 8% max loss and 1:5 leverage. No limitation with profit target, minimum trading days and trading period.
Brokers
All trading on BitFunded takes place on their own platform, and although the entire environment and trading are simulated, all crypto market data is entirely real and provided by CoinW.
Account Currencies
USDT
Trading Programs
Instant Funding
Three-Step Challenge
Two-Step Challenge
Trading capital up to
$100,000
Scaling plan up to
$200,000
https://www.bitfunded.com/
0 Overall Rating
Trading Conditions
Platform & Tools
Payouts
Support & Resources
Costs & Fees
Transparency & Trust
Restricted Countries

Customer Reviews

BitFunded’s user interface...

BitFunded’s user interface is very intuitive. Great for first-time investors.

Liam
The returns have...

The returns have been consistent, and the platform feels secure.

Olivia
Customer support responded...

Customer support responded quickly when I had an issue with my wallet.

Noah
Wish there were...

Wish there were more educational resources for crypto beginners.

Emma
I love how...

I love how easy it is to diversify my crypto portfolio on BitFunded.

James
Fees are transparent...

Fees are transparent and lower than some other exchanges I’ve tried.

Ava
Mobile app could...

Mobile app could be more stable — crashes occasionally on Android.

Benjamin
I feel confident...

I feel confident trading here. The security features are solid.

Charlotte
They handled a...

They handled a market dip professionally, kept users well informed.

Lucas
Could use better...

Could use better integration with DeFi tools.

Mia
Nice dashboard and...

Nice dashboard and easy-to-read analytics for tracking my assets.

Henry
I made my...

I made my first Bitcoin purchase here and it was seamless.

Amelia
Great option for...

Great option for passive investors looking to auto-invest.

Alexander
Advanced users might...

Advanced users might want more trading tools.

Evelyn
BitFunded’s staking rewards...

BitFunded’s staking rewards are actually better than I expected.

William
Impressed with how...

Impressed with how fast deposits and withdrawals are processed.

Isabella
I use it...

I use it alongside Coinbase. BitFunded feels faster and more direct.

Sebastian
App UI is...

App UI is clean, just wish they added a night mode.

Luna
Had one hiccup...

Had one hiccup with a transaction but it got resolved quickly.

Jack
Would be cool...

Would be cool to have a built-in tax reporting tool.

Grace

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