Are you new to cryptocurrency trading and looking for a way to get started? Analyzing charts, understanding technical indicators, and making informed decisions can be a difficult task for beginners. Binance, the world’s leading crypto exchange, has just launched the innovative “Discover” feature for its Copy Trading service. This powerful tool makes it easy for beginners to find and copy the strategies of successful traders, potentially boosting their returns.

And the news doesn’t end here! Binance has announced the Swipe and Trade Competition to promote the “Discover” feature, where users have the chance to share a prize pool of 30,000 USDT! Not willing to take risks? No problem, the prize pool has been divided into two parts: mock copy trading and copy trading. So now you can build confidence by engaging in mock copy trading and potentially win big with copy trading!

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About the “Discover” Feature

Think of “Discover” like Tinder for successful traders. Instead of swiping through endless profiles, you’ll see detailed “trader cards” one at a time. Each card showcases a trader’s key information, eliminating the need for in-depth market analysis on your part. Here’s what you’ll find on each card:

• Profit and Loss (PnL): This metric shows a trader’s overall performance. A positive PnL indicates profitability.
• Return on Investment (ROI): This metric shows the percentage return a trader has generated on their investment.
• Assets Under Management (AUM): This shows the total amount of capital the trader is currently managing.

Here’s how to use “Discover” on the Binance App:

1. Launch the Binance App and navigate to the Futures section. Then, tap on Copy Trading and finally the “Discover” tab.
2. Swipe right on a trader’s card to “Favorite” them if you like their stats. Swipe left to see the next trader.
3. Take a deep dive! Each card displays a trader’s performance details like 7-day Profit and Loss (PnL), Return on Investment (ROI), badges, and even a portfolio description. You can also view their performance charts.
4. Found a trader you trust? Decide to either “Mock Copy” their trades (practice with fake funds) or directly “Copy” their trades to your real portfolio.

Swipe and Copy Trade Competition

The Binance Swipe and Trade Competition is centered around the “Discover” feature, aimed at helping users become acquainted with the copy trading feature and its simplicity on Binance. Not only will it allow users to copy trade with ease, but alongside participating in the Swipe and Trade Competition, users can share a prize pool of 30,000 USDT. Here’s all you need to know before participating in the event:

Promotion Period: April 9th to April 22nd, 2024 (UTC)

Eligibility

• To join the competition and qualify for prizes, you must be a verified Binance user from an approved region and register during the promotion period.
• You can copy or mock copy up to 10 portfolios at once, but only those with positive overall profit (PnL) will qualify for the competition rankings.

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Promotions

The Swipe and Trade Competition offers users two distinct opportunities to earn a share of 30,000 USDT.

Promotion A: Mock Copy and Win

Try out your trading skills risk-free with mock copy trading. Use the “Discover” feature to find traders and create mock copy portfolios. The top 100 performers based on their total Profit and Loss (PnL) will share a prize pool of 15,000 USDT in token vouchers!

Promotion B: Copy and Win Big

Feel confident and ready to trade for real? Use “Discover” to find successful traders and copy their trades directly to your portfolio. Similar to Promotion A, the top 100 performers based on their total PnL from copied portfolios will win a share of another 15,000 USDT prize pool in token vouchers!

Terms and Conditions for Participation

1. Only verified users from eligible regions who click “Register Now” on the promotion page during the Promotion Period may qualify for rewards from these promotions.
2. Participants can copy or mock copy up to ten portfolios simultaneously. To be entered into the rankings of the respective promotion, participants must have a positive total PnL in each promotion.
3. USDT token voucher rewards will be distributed to eligible users within 14 working days after the promotions end. Users can log in and redeem their token voucher rewards via Profile > Rewards Hub.
4. The validity period for vouchers is set at 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Find out how to redeem voucher rewards.
5. These promotions are exclusively available to users enabled for Binance Futures Copy Trading services and may be unavailable or restricted in certain jurisdictions or regions, or to certain users, based on legal and regulatory requirements.
6. Users must inform themselves about and comply with any restrictions and/or requirements imposed regarding access to and use of Binance Futures Copy Trading services in each country from which the services are accessed.
7. Binance reserves the right to disqualify any participants immediately showing signs of fraudulent behavior (e.g., wash trading, bulk account registrations, self-dealing, market manipulation, etc.).
8. Binance retains the right to determine and/or amend or vary these Terms & Conditions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done if it is justified due to significant reasons.

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Ready to Swipe, Copy, and Win?

The “Discover” feature empowers beginners by eliminating the barrier of complex market analysis. To familiarize users with this feature, the Swipe and Trade Competition serves as a great incentive to learn more about it and earn rewards in return. Now, you can focus on learning from experienced traders and potentially boosting your returns, all through a user-friendly swipe function. Rewards are always great! So head over to Binance, start copy trading, and for a more risk-free approach, try mock copy trading.