A trading competition is a competition for trading in a certain pair, where the main condition for determining the winners is trading volume. In addition, a separate customization can be added to each competition, which will be specified on the competition page.

Competitions with the main parameter "Trading volume"

Let's imagine that we have announced the start of a competition where we need to fight for the largest trading volume on the BTC/USDT pair.

You have 15,000 USDT on your balance. You go to the Trading Competition page, select BTC/USDT in active tournaments, and click "Join." At the beginning of the week, you buy 0.1 BTC for 9,000 USDT, and after a few days, the price of BTC increases, so you sell your 0.1 BTC for 9,400 USDT. The total trading volume of your trades now amounts to 18,400 USDT.
A little later, you open another trade and buy 0.15 BTC for 14,100 USDT. Then you sell 0.15 BTC for 14,700 USDT, bringing your total trading volume to ≈ 47,200 USDT.

Please note that the winners of the competitions are determined not by the profitability of their trades, but by the total trading volume of the selected pair. You can follow all the dynamics of the competition in the table right on the competition page.

FAQ

How do I know if I can participate in the competition?
There are no restrictions for most competitions. Any verified WhiteBIT Australia user can participate in them. However, there is a category of competitions that only new users of the exchange can join. Competitions for beginners are open to users who have registered on the platform no earlier than three months from the start date of a particular competition.

What is the minimum volume for participation?
For some competitions, there is a setting of the minimum trading volume, which is necessary to get into the competition table. You can follow your position in the competition directly on the page of the selected competition, because the table information is updated every 30 minutes. Note that reaching the minimum volume does not guarantee a reward.

What restrictions might there be in the competition?
Competitions are subject to standard platform restrictions. For example, some markets and trade types may not be available in some countries. Also, the user is prohibited from executing their orders in order to build up trading volumes. In this case, the user may be suspended from further participation in competitions. You can learn more about the rules of participation on the page of the selected competition.

How is the distribution of awards handled?
In some competitions, there is no fixed amount of winnings that the winner is guaranteed to receive. Rewards may be divided among the participants in the ranking in proportion to their contribution to the total competition trading volume. As of recently, not only cash rewards, but branded merch, NFT and other types of rewards will be available.
Trading competitions on WhiteBIT Australia are primarily about skill improvement, enthusiasm, and development. Participate, win your well-deserved crypto trophies, and get used to winning!

Support

In case of any questions related to the functionality of our exchange, you can:

• Leave a request on our website;
• Write to the support email: support@whitebit.au;
• Write to the chat using the button in the lower right corner of the screen.