The majority of trading applications are designed to assist in the purchase, retention and administration of coins. There are virtually no applications designed for the purpose of enabling you to compete for skills where you can win rewards and be given a funded account without risking money from your own pocket. If this is the case, a standard exchange application will not work. You should know what exactly to seek in an application built for competition and how to appraise it.
The conventional trading application only answers the question "how do I achieve possession of more coins?" while a competition trading tool additionally offers an answer to the question "how do I prove myself at trading while competing against others and receiving a reward for it?" The distinction between these two tasks requires specific features that the first application does not provide.
At the very least, a purpose-built competition application must have the following features: live leaderboards to check your position in an instant, scoring criteria to see how the competition is judged, and fixed contest duration to mark the beginning and end of the competition. If any of these components is absent, there cannot be a competition and you have only a chart with no competitive nature.
The BuyCrypt application for smartphone was created specifically for competitions. It's not an exchange or an option to buy cryptocurrency. It's a competitive and funded trading platform where you compete, score points and are rewarded...
BuyCrypt is a trading simulator platform whose purpose is simulative trading only. There is no investment-related advice and no guarantee to obtain profits.
The best competition-focused crypto application must provide you with a chance to do trades of the whole market from a single interface, rather than flip-flopping among various app interfaces. Split right between several applications will cost you in terms of time and attention — which is essential while engaging in competitions.
BuyCrypt is an integrated trading terminal for 10 exchanges at one time. It gives you a unified experience of placing orders (trading behavior is identical), using charts that are the same, and have to check your positions using one and the same terminal without spending time on learning many interfaces at once.
The core of any competition-focused application is the presence of competitions themselves. BuyCrypt offers free-of-charge chances to play tournaments without the necessity to make deposits. Moreover, real dollar prizes are provided not a virtual currency, so you have no limit when it comes to spending.
This is something which is often underestimated. Within the context of tournaments organized by BuyCrypt, every player has to trade based on virtual money, rather than their personal funds.
Having an account balance equal to zero makes the regulations fair to everyone. All people have an equal footing at the start point.
An application without a readable competition system cannot be considered as "fun" or fair. It's important that the application provides three details at least: your rank, the metrics for evaluation, and what should be done for climbing in the ratings.
BuyCrypt counts your performance as a trader based on such factors as position change, profit and loss, and other criteria that are specified upfront.
The best app for the newest action move has to have something in common with trading platforms that provide the possibility of obtaining a funded account through several stages based on the player's performance in competitions.
Just a friendly reminder: BuyCrypt is simulated, skill-focused, and not an exchange. There’s no cryptocurrency being bought or sold on this platform, and there are no guarantees regarding results as they depend entirely on your trading activity.
The app is completely free. You can download the app and take part in free tournaments with no deposit required. You will use demo balance to compete for real USDT prizes in those tournaments. There’s also an option to follow a paid route ($5) to get your funded account ($5K) or free route through “The Ladder” which will take you to $5K without paying. But the good news is that the app will not force you to pay to enter competitions.
Yes, the app can be installed on both platforms as it has native applications available for both iOS and Android. The competition features available in both apps are the same (multi-exchange terminal, tournaments, live leaderboards, etc.) so you don’t lose any of them regardless of the platform you choose.
There is no need for depositing before you enter free tournaments as they do not require any deposits while competing with demo balance. Only when you decide to make a deposit towards your funded account, then you will have to deposit $5 in order to proceed.
No, it is not an exchange and there’s no buying, selling, and holding of currencies in wallets.
Absolutely! All prizes awarded in actual USDT and the payouts are verifiable through blockchain technology by means of on-chain verification. Up to now, the total amount of payouts has reached $384K while the number of funded accounts being issued stands at 127. Funded traders receive 80% from their profits every time they win.
You can participate in dozens of them. In fact, BuyCrypt runs 48 tournaments per week in various formats and lengths. Thus, if you want to enter the active competition that suits your schedule then there will always be something interesting for you to try.
