[MEXC Global: For Beginners] How to start a testnet demo trade


MEXC has a test environment called Testnet. Here you can trade even if it is not a real trade. For those who have registered for MEXC but are afraid of trading in real life, we recommend practicing with a demo trade.

What is demo trading?

Demo trading is, as the name suggests, virtual trading. You can practice trading without spending any real money. There is absolutely no risk of losing money, making it a service for beginners. But on the other hand, you can’t make money either. Since it will be a virtual trade, even if you make money, it will be money that can only be used in the test environment.

trading practice

Demo trading is a highly recommended medium for beginners who are not familiar with trading itself. Even if you lose as much as you do in practice, you won’t lose money, so try trading thoroughly until you get used to it. As you trade, you will gradually improve your skills and experience, which will bring you closer to becoming a professional.

money does not decrease

The biggest advantage of demo trading is that you don’t lose money. Since you are using fictitious money, you can lose as much as you want. We recommend that you try to make real trades after achieving at least a monthly total positive with demo trades. Real trading is recommended after you have a certain amount of mental leeway.

Difference between demo and real

On the other hand, demo trading is not influenced by the real world like real trading. However, in real trade, the market fluctuates greatly depending on the events in the world, so this point is very different. Real trading is also dangerous, as you can lose real money. Think carefully before trading.

Not recommended for experienced users

Demo trading is not recommended for experienced traders. Because if you are an experienced person, you are familiar with the market to some extent, so it is better to start with real trading. Demo trading is only a tool for getting used to trading, so it is a tool for beginners.

MEXC demo trade

MEXC demo trade must first open an account. To do so, first open an account by referring to the article below. MEXC is now able to demo trade futures trading. MEXC Demo Trade allows you to trade BTCUSDT, ETHUSDT, BTCUSD, ETHUSD. Candlestick charts and prices may differ from real quotes in a demo trading environment.

How to start demo trading

First, log in to your account. Then you will be on the home screen. Select “Demo Trade” under “Futures Trading”.

Source : https://www.mexc.com/

The screen will switch to the demo trade screen. Notice the URL. If “testnet” is included, it indicates that you are in the test environment.

Source : https://www.mexc.com/

Get the money first. It is possible to replenish money from the bottom right of the screen. This can be replenished. Earn up to 50,000 USDT, 10 BTC and 100 ETH at once.

Source : https://www.mexc.com/

Once you have received your funds, you can start trading. This will be the same order format as real trade. You can trade by specifying the order format, leverage, etc. from the right side of the screen. Currency pairs can be switched from the upper left of the screen.

Source : https://www.mexc.com/

Demo trading contest

MEXC occasionally holds demo trading contests on the testnet. In 2022, it was held around June. By participating in the campaign, you had the chance to win a share of a futures bonus of 3,500 USDT. It is held irregularly every year, so be sure to check the official page.

way to participate

Perform demo trading on testnet during the participation period. Traders who trade futures on the testnet will be automatically eligible to participate in the campaign. The MEXC futures testnet environment is now available for trading BTCUSDT, ETHUSDT, BTCUSD, and ETHUSD.

Benefit 1

During the campaign period, users with a daily trading volume of 20,000 USDT or more on all USDT margin futures trading pairs on the testnet were awarded a 10 USDT futures bonus. The system is calculated as trading volume = amount of held positions + amount of settled positions.

Benefit 2

During the campaign period, users who reach a futures trading volume of 1,000 USDT or more on both testnet and mainnet will have a chance to receive a 5USDT futures bonus. Since you have to trade on both the testnet and mainnet, you need to be an active user to some extent.

Benefit 3

During the campaign period, users who complete the quiz and get a perfect score will receive a futures bonus of 5 USDT. However, please note that the bonus cannot be withdrawn and can only be used for trading.