There is no universally accepted rule for how these contests should work. In other words, each platform usually has its own user requirements. For example, duration is an important factor of differentiation, as some contests run for 30 minutes to several hours, while others can go on for days or even longer.

Aside from offering trading skill refinement and potential profitability, notable crypto platforms (like the award-winning CEX.IO Spot Trading) continuously innovate their approach to contests. One example of a creative approach includes CEX.IO’s crypto Mystery Box promo, which is as straightforward as it is exciting.

That’s an excellent question! There are numerous reasons why you may want to consider participating in a crypto trading competition.

For instance, the most obvious is the possibility of winning cryptocurrency with minimum effort, while simultaneously gaining invaluable trading experience. In the process, you may acquire new trading skills, brush up your existing ones, and learn more about the platform hosting the contest.

Additionally, this knowledge and experience may potentially make it more straightforward to earn crypto in subsequent promos, thanks to your improved understanding of how the world of crypto works.

One of the best features of these contests is that they’re typically open to all interested individuals, regardless of their level of knowledge and experience. Reputable platforms like CEX.IO enjoy welcoming crypto enthusiasts from all walks of life, with minimum requirements for participation.

You’ll usually need to register an account on a crypto platform or opt in for a competition, if you’re already done so. You can learn about the various available events from a friend, by coming across an invitation online, or via a platform invite to participate.

You could also receive a competition invite when looking to buy crypto and/or conducting business as usual. Whatever the manner in which you learn about a crypto trading competition, it may be wise to consider participating for the reasons mentioned above.

It’s important to note that there are no shortcuts or hacks that can ensure you win a crypto trading competition. However, applying common sense can help minimize risk and potentially increase your chances of winning.

For instance, it is wise to start by thoroughly understanding the rules of the competition. Reading the contest’s terms and conditions carefully can help. Eliminating emotions is another useful tip, as they may get in the way of making informed and logical decisions.

Practicing proper time management is also important, which may include having a well-planned trading checklist, or developing trading strategies that suit your unique risk appetite.

When you’re looking to buy Bitcoin or any other crypto, following these same rules may help minimize risk and boost your overall trading performance.

Staying informed is one of the pillars of success in life, not just in the crypto industry. Whether you’re looking for the best crypto wallet, or the least costly and a hassle-free way to send crypto payments, keeping up with the latest industry trends and information is critical.

When it comes to CEX.IO, our available trading competitions and relevant industry news are some of the best ways to stay informed. Keep in touch with our weekly and monthly newsletters. Additionally, registering an account with us, and downloading our mobile app empowers you to enjoy the latest news and info on the go.

Our Help Centre and blog sections are also invaluable sources of information, presented in easily accessible, understandable, and interesting ways. However you choose to stay in touch with CEX.IO, we promise to keep you updated on all things relevant in the crypto world — including our exciting and frequent crypto trading competitions.

Our Leaderboard is a useful tool you can use to track your, and other traders’, performance throughout the trading competition. The Leaderboard is constantly updated to keep you aware of recent ranking changes.

Users who opt in to the trading competition will be able to see their position on the Leaderboard depending on their recent trading performance. The Leaderboard consists of the trader’s rank, nickname, total points, as well as three following parameters:

• Volume — The total funds allocated for all your trades.
• Transactions — The number of trades you execute.
• Markets — The variety of currency pairs you used for trading.

Within the promotional period, traders begin each trading day with zero points. Depending upon their performance on a specific day, participants receive a daily score or points ranging from 0 to 40 for each parameter. The higher a trader’s rank in each criterion, the more points they will earn for that particular day. Total points represent the sum of a trader's performance across all three parameters.

While traders continue to compete in our event, they accumulate total cumulative points, which consist of total daily points. The more points they accumulate over time, the higher their rank will be.

Total daily points are calculated following the next formula:

Volume Points + Transactions Points + Markets Points = Total Daily Points