Bitfunded Review 2026: Rules, Costs and Payouts

Bitfunded is getting a lot of attention right now, mainly because of a trading competition on Verified Investing. Gareth Soloway and four of his colleagues trade against members, and the competition advertises a prize pool of $1,275,000. Before you pay the $79 entry, it helps to know what Bitfunded actually sells and what that number is made of.

For this review I collected the prices, rules and payout terms directly from Bitfunded. The sources are the website, the Bitfunded user guide, the FAQ, the terms of use of March 24, 2026 and the refund policy, all checked on October 19, 2026. I did not buy an account myself, and we have no business relationship with Bitfunded. How we research and write is described on our editorial policy page.

Bitfunded in 30 seconds

• Overall: a crypto prop firm founded in 2023 that sells simulated trading accounts. The operator named in the terms is Tronovix LTD in the United Arab Emirates. Everything you trade is simulated; only the payouts are real USDT.
• Cost: the 2-Step challenge starts at $79 for a $5,000 account and ends at $799 for $100,000. The 1-Step runs from $99 to $1,399. Trading fees of 0.04 percent per side come on top.
• Payouts: 80 percent of the simulated profit, 60 percent on Instant Funding. Payouts go out in USDT to a crypto wallet, after a review by Bitfunded’s risk team.
• Competition: the advertised $1,275,000 is the combined simulated size of 47 challenge accounts. On top of that there are $1,500 in cash and an iPhone.
• Trust signals: Trustpilot 4.4 of 5 from 203 reviews, but the website contradicts itself on refunds, profit split and loss limits, and it names no managers. Checked on October 19, 2026.

What is Bitfunded?

Bitfunded is a prop trading firm focused on crypto that sells paid tests on simulated accounts of $2,500 to $150,000 and pays 60 or 80 percent of the simulated profit in USDT, depending on the account type.

The model follows the familiar prop trading pattern, only for crypto. You pay an entry fee, trade a simulated account and, if you hit the target without breaking the loss limits, move to the Trader Stage. There you can request a share of your simulated profit. Bitfunded says it plainly in its FAQ: this is not real money trading, and you cannot lose more than the fee you paid.

A funded account is a trading account on which a trader uses a prop firm’s capital and receives a share of the profit. At Bitfunded, the “funded” account stays a demo account. The user guide calls it a simulated environment “for educational and evaluation purposes only” in which no real funds are traded.

You trade on Bitfunded’s own platform, not on MetaTrader or TradingView. The firm lists more than 100 crypto pairs and about 20 traditional pairs such as gold, silver and Tesla, all simulated on live prices from partner exchanges. Leverage runs from 1x to 5x, and the platform works 24/7, including weekends. One small detail from the FAQ: chart drawings and indicators are not saved between sessions yet.

The firm behind the brand is hard to pin down. The terms of use name Tronovix LTD as a limited liability company in the United Arab Emirates, with the law and courts of Ras Al Khaimah. They give no registration number and no business address. Trustpilot shows Spain as the contact country, which is not proof of a legal seat but does not match the terms either. The About page shows six first names and says the team has more than 30 people, but it names no founders or managers.

Bitfunded at a glance

Company	Tronovix LTD, United Arab Emirates (per terms of use)
Founded	2023
Account types	2-Step, 1-Step, 1-Step Express, Instant Funding, Day Trader
Account sizes	$2,500 to $150,000 (simulated USDT)
Markets	100+ crypto pairs, about 20 traditional pairs
Leverage	1x to 5x
Profit split	80 percent, Instant Funding 60 percent
Payout	USDT on TRC-20, ERC-20 or BEP-20
Trustpilot	4.4 of 5, 203 reviews (Oct 19, 2026)

The account types: 2-Step, 1-Step, Express and Instant Funding

Bitfunded’s FAQ names four account types, plus a short-term Day Trader challenge. They differ in how many tests you take, how tight the loss limits are and how much of the profit you keep. The table shows the rules for each one, including the funded stage.

Account type	Rules
2-Step	Target: 8%, then 5% Daily loss: 5% Max loss: 10% (stage 1), 8% (stage 2 and Trader Stage) Split: 80%, fee back (timing disputed, not on promotions)
1-Step	Target: 10% Daily loss: 4% Max loss: 6% Split: 80%, no fee refund
1-Step Express	Target: 9% Daily loss: 3% Max loss: 3% Split: 80%, no fee refund
Instant Funding	Target: none Daily loss: 3% (user guide) or 4% (FAQ) Max loss: 6% Split: 60%, no fee refund

Source: Bitfunded FAQ and user guide, checked October 19, 2026.

The 2-Step challenge has the most room and is the only one that returns your fee. In stage one you need 8 percent profit, in stage two 5 percent, with a loss limit of 10 and then 8 percent, and the 8 percent stays in the Trader Stage. There is no time limit. On minimum trading days the documents disagree: the home page, FAQ and user guide name none, while the terms of use still list five days per stage. Profits must be realized, so you close all positions before the account moves to the next stage.

The 1-Step Express is the cheapest test with the tightest risk. You need 9 percent profit, but the total loss limit is only 3 percent, the same as the daily limit. In plain words: one bad day of 3 percent ends the account. Express is not one of the tabs on the home page; its prices are only in the user guide. This matters because the Verified Investing competition pays its prizes in Express accounts.

Instant Funding skips the test, but costs more and pays less. You trade a payout account from the first day, keep only 60 percent and face extra rules: one payout a month, 5 percent profit from the second payout on, and no single pair may make up 60 percent of your profit. The daily loss limit is given as 3 percent in the user guide and 4 percent in the FAQ. The FAQ itself says the user guide counts when the two disagree.

The Day Trader challenge is a different product. You pick a time window of 1 to 8 hours, an entry fee of $50 to $400 and a multiplier of 2x to 5x. If you reach the target on a $10,000 demo account in time, you get the boost payout. The website does not publish the targets in a table; they appear only after you choose your settings.

What does Bitfunded cost?

All challenges are one-time fees; there is no monthly subscription. The table shows the list prices from the home page for the two test models. A failed test means you pay again for a new challenge; Bitfunded offers no reset.

Account	2-Step	1-Step
$5,000	$79	$99
$10,000	$99	$149
$15,000	$149	$199
$25,000	$249	$299
$50,000	$399	$499
$100,000	$799	$999
$150,000	not listed on the home page	$1,399

List prices from bitfunded.com, checked October 19, 2026.

The prices of the same account differ from page to page. The user guide and the terms list a $150,000 2-Step for $1,099, which the home page does not show, and the terms price the 1-Step at $150,000 at $1,499 instead of $1,399. On the home page, Instant Funding costs $129 for $2,500, $249 for $5,000 and $449 for $10,000; the user guide still names $149 and $299 for the two smaller sizes. The 1-Step Express costs $39 to $549 according to the user guide.

Promotions can reduce the listed price. Bitfunded advertises offers such as 50 percent off or buy one, get one free; one YouTube buyer showed three accounts bought for $50 on a sale in October 2026. The refund of the 2-Step fee applies only to challenges bought individually, not to promotions, according to the user guide. Check the final price and the conditions at checkout.

Trading costs and payment details come on top. Every trade costs 0.04 percent of the position size to open and again to close. You pay by card or in USDT on three networks; a crypto payment must be the exact amount and arrive within 30 minutes, and the wrong network can lose the funds. Withdrawals cost a network fee of 1 to 5 USDT.

Bitfunded rules: loss limits and restricted practices

The loss limits include open positions, and Bitfunded itself calls this the rule that catches people out. It counts your realized loss of the day plus the floating loss of everything you have open. If equity touches the limit at any moment, the account is disqualified, even if the trade later recovers. The daily limit resets at 00:00 UTC+8, which is noon EDT in summer and 11 a.m. EST in winter; the user guide says the reset can take effect up to 10 minutes later. Realized profits of the same day add room: with a 5,000 USDT limit, a 2,500 USDT gain lets you lose up to 7,500 USDT that day. A profit from the previous day does not carry over, so an open loss that is still there after the reset counts in full against the new day.

The maximum loss is static, not trailing. It is a fixed percentage of the starting balance and does not move up with your profits. In stage one of a $100,000 2-Step account with a 10 percent limit, you fail only if equity touches $90,000. That is friendlier than the trailing drawdown many futures firms use.

The list of restricted practices is long and is checked before every payout. It applies to 2-Step, 1-Step and Instant Funding:

• Holding time: positions may stay open at most 10 days on major coins, 7 days on other coins and 5 days on gold, silver and Tesla.
• Margin concentration: combined exposure must stay below 65 percent of the margin, 55 percent on Instant Funding.
• Open positions: at most five at the same time.
• Minimum activity: two closed trades per payout period, three on Instant Funding, each open at least 10 minutes.
• Stop loss: repeated trading without a stop loss or take profit can count as excessive risk.
• Manual trading only: bots, Expert Advisors, scripts and API automation are not allowed; every order is placed by hand.
• No hedging, no copying: no opposite positions on the same asset and no copy or mirror trading between accounts.
• One identity: no shared accounts, devices or wallets.

The penalties are steep and are applied after you ask for your money. If the risk team finds a violation, it takes 50 percent off your share of the profit as a first step. For margin concentration, the user guide sets the cut at 50 to 70 percent, depending on how far you went over the limit. The terms also allow Bitfunded to block any trader “for any reason” at its sole discretion.

Bitfunded payouts: how fast and how much?

You choose your own payout day, the Profit Sharing Day. By default it is 30 days after your first trade, but you can set it anywhere from 2 to 60 days and move it up to three times in 30 days. On that day all open trades are closed, and you request the payout or roll the profit over. If the account is in a loss, the date moves 7 days later.

Bitfunded promises processing within 24 hours, but only on working days and after a review. Once a payout shows as “Approved”, it still goes to a final check by the risk team before the money is sent. On 2-Step, 1-Step and Express accounts you can request up to two payouts per 30 days on the same challenge and up to five across several; after 10 payouts in total, the limit falls to one a month. Instant Funding allows one payout a month, with the first one at any time. These figures come from the FAQ and user guide; the terms of use name other deadlines, a payout day from five instead of two days and processing within 14 days, followed in the same sentence by four days.

Before larger payouts, Bitfunded asks for your identity. Once your cumulative profit reaches $10,000, you have to complete a KYC check with your legal name, address and a government ID. Payouts go to a USDT wallet; Bitfunded does not pay to a bank account.

On the fee refund, Bitfunded’s own pages disagree. The refund policy says the 2-Step fee comes back at the first profit split day. The FAQ and the user guide say it comes back with the third payout. None of the documents says which one wins, so ask support to confirm the rule in writing before you buy. If an account is disqualified at any point, you lose every claim, including the refund.

The Verified Investing competition: what the $1,275,000 really is

The competition “Crypto Combat: Rekt or Rich” runs from October 23 to November 13, 2026. It is hosted by Verified Investing on verifiedinvestingcompetition.com, and Bitfunded is the sponsor. The five Verified Investing traders, Gareth Soloway, Nick Valdez, Drew Dosek, Lawton Ho and Jake Sweeney, trade against members. Entries are on sale from October 16 to November 6, and you can buy more than one.

For $79 per entry you get two accounts. One is a $5,000 2-Step challenge with the normal rules, which on the home page costs $79 on its own. The other is a $10,000 competition account with a daily loss limit of about 4 percent and a total limit of about 6 percent, ranked by return. Profits on the competition account are not withdrawable.

The headline number is counted in simulated account size, not in money. The site says so itself in small print: the $1,275,000 “refers to account value, not an aggregate cash prize pool.” I did the math. Places 4 to 50 receive 1-Step Express challenges: two of $100,000, ten of $50,000, fifteen of $25,000 and twenty of $10,000. Together that is exactly $1,275,000 of simulated capital; the cash prizes come on top.

Place	Prize
1	iPhone 18 Pro
2	$1,000 cash
3	$500 cash
4 to 5	$100K 1-Step Express challenge
6 to 15	$50K 1-Step Express challenge
16 to 30	$25K 1-Step Express challenge
31 to 50	$10K 1-Step Express challenge

Source: verifiedinvestingcompetition.com, checked October 19, 2026.

At list price, those 47 challenge accounts add up to $5,628. That is my calculation from the Express prices in the user guide ($399, $199, $124 and $49); it says nothing about what a winner can actually earn or resell. They are tests, not funded accounts: to see any money you still have to reach 9 percent profit with a total loss limit of only 3 percent. The cash part of the whole competition is $1,500.

Bitfunded’s own older competition pages raise questions too. The winner list on bitfunded.com/bitfunded-trading/ contains the name “John Doe” and shows “Johnathan Mayers” twice, which raises the question whether the displayed results are real or final. On a second Bitfunded competition site, several FAQ answers repeat generic marketing copy instead of answering the question. These pages belong to other Bitfunded competitions and prove nothing about the Verified Investing event. The Top Traders Leaderboard on the main site is also not sorted: place 4 shows more profit than place 1.

My view on the competition: treat the $79 as the price of a small 2-Step test with a free extra account. If you want that test anyway, the entry costs nothing extra. If the prize pool is what attracts you, the numbers above are what you can realistically win.

Bitfunded reviews: what Trustpilot shows

On Trustpilot, Bitfunded scores 4.4 of 5 from 203 reviews. That was on October 19, 2026. About 80 percent are five-star reviews and 7 percent give one star; 150 reviews were added in the last twelve months. According to its Trustpilot profile, the firm invites customers to review it, has a paid subscription and replies to about half of the negative reviews.

The negative reviews follow a pattern that matches the rulebook. Several describe payouts that were marked approved and then held, cut by a penalty under the “anti-gambling” rule or delayed by the risk review. A review from October 4, 2026 reports fills and realized profit that did not match the price shown on screen. These are individual reports, not proven facts, and positive reviews describe fast payouts just as individually. Both point to the same place: the payout review after you ask for money.

Bitfunded publishes no pass rate and no total of payouts. The leaderboard shows single names with amounts, but no number of traders who ever received a payout. So the many five-star reviews do not tell you how many buyers make money.

Is Bitfunded legit?

Bitfunded is not a broker and not an exchange; it sells access to simulated trading accounts. You buy a service, not an investment. The pages I reviewed name no financial regulator and no licence number. The About page claims that the UAE location gives the firm “solid regulation”, while the terms of use speak of “limited regulatory oversight”. According to the terms, disputes go to mediation and then binding arbitration in Ras Al Khaimah, in English, and Bitfunded’s liability is capped at what you paid, at most $1,000. Whether these clauses hold in your country is a legal question this review does not answer.

Some things speak for Bitfunded. The rulebook in the user guide is detailed and has worked examples. The maximum loss is static, there is no time limit, and Bitfunded has been in business since 2023 with a large number of positive reviews. The FAQ is open about the fact that everything is simulated.

More things speak against it. The website contradicts itself on the fee refund, on minimum trading days, on the profit split (the user guide still says “up to 90%”), on the Instant Funding loss limit and on prices. The company gives no address and no managers. In the documents I reviewed there is no list of restricted countries. The penalties of 50 to 70 percent are decided by the firm’s own risk team after you request a payout.

My verdict on legitimacy: Bitfunded offers real USDT payouts, but on terms that the firm can tighten at its own discretion. Some reviewers report receiving payouts; we have not verified payouts ourselves. In more than 45 years in the markets, since 1980, I have learned to trust money only to a partner whose rules are clear and whose people I know. Here neither is fully the case. Only pay amounts you could lose completely, and treat the fee like the price of a seminar, not like an investment. Crypto trading with leverage carries a high risk of loss.

Pros and cons of Bitfunded

Rulebook, prices and the firm’s own presentation add up to a mixed picture. Here are the main strengths and weaknesses in brief.

Pros

• Built for crypto: more than 100 coin pairs, 24/7 trading and weekend trading allowed.
• Low entry: the 2-Step starts at $79, and frequent promotions cut that further.
• Static maximum loss: the limit does not trail your profits.
• No time limit in the tests, and the home page names no minimum trading days.
• Fee back on the 2-Step with the third payout according to the FAQ and user guide, not on promotional purchases.

Cons

• Contradictions on its own pages: refund, minimum trading days, payout deadlines, profit split, Instant Funding limits and prices differ between pages.
• Manual trading only: bots, Expert Advisors and copy trading are banned.
• Unclear company: no address, no registration number, no named managers.
• Floating losses count: a temporary dip can end the account.
• Heavy payout review: penalties of 50 to 70 percent after you request money.
• Crypto-only payouts: USDT to a wallet, no bank transfer.

Alternatives to Bitfunded

Crypto prop firms are a small market, and the comparison questions are the same as for futures firms. How are the loss limits calculated, including open positions? What is checked before a payout, and can the firm cut your share after the fact? If you put these two points side by side, you compare the real hurdles instead of the advertising.

If you trade futures rather than coins, our reviews of other firms use the same method. The Bulenox review and the Take Profit Trader review show how a documented rulebook and a published pass rate look. Our prop trading page covers further firms.

Our verdict: cheap tests, but the fine print decides

Bitfunded’s tests start at a low price. A $79 2-Step with a static loss limit, no time limit and, according to the FAQ and user guide, the fee back after three payouts on individual purchases is a fair offer on paper; the refund policy says something different. The platform is built for crypto, and the user guide explains the loss limits with clear examples.

My criticism is aimed at the firm’s transparency and at the payout review. Bitfunded contradicts itself on several pages, names no people behind the company and keeps the right to cut your share by up to 70 percent after you ask for money. The Verified Investing competition shows the same pattern: a big number on the front, and a much smaller one in the small print.

In short: Bitfunded can work for disciplined crypto day traders who read the restricted practices first and budget the fee as tuition. It is not a way to learn trading, and it is the wrong place for anyone who needs a regulated counterparty or a bank payout.

• Good fit for: experienced crypto traders with a tested setup who always use a stop loss, keep exposure low and hold positions for days, not weeks.
• Not a fit for: beginners, swing traders, traders who use most of their margin, and anyone who wants a payout to a bank account.

This review describes the firm’s rules and costs; it is not investment advice. It is not a recommendation to buy an account or enter the competition, and we do not earn a commission from Bitfunded.

Frequently asked questions about Bitfunded

Is Bitfunded legit?

Bitfunded is an established brand with many positive reviews, but no regulator is named and its pages contradict each other. The terms name Tronovix LTD in the United Arab Emirates, without an address or managers. Trustpilot shows 4.4 of 5 from 203 reviews (October 19, 2026). All trading is simulated; you buy a test, not an investment.

How much does Bitfunded cost?

The 2-Step costs $79 to $799 and the 1-Step $99 to $1,399, each as a one-time fee. Instant Funding costs $129 to $449 on the home page, and the 1-Step Express $39 to $549 in the user guide. A fee of 0.04 percent per side applies to every trade, and promotions often change the final price.

How does Bitfunded pay out?

You request the payout on your own Profit Sharing Day, and Bitfunded sends USDT to your wallet. You keep 80 percent, or 60 percent on Instant Funding. Bitfunded says it processes requests within 24 hours on working days, after a review by its risk team. From $10,000 in total profit you need a KYC check.

What is the Bitfunded and Verified Investing competition?

It is a trading competition from October 23 to November 13, 2026, where members trade against five Verified Investing traders. An entry costs $79 and includes a $5,000 2-Step challenge and a $10,000 competition account. The advertised $1,275,000 is the simulated size of 47 Express challenge accounts; on top come $1,500 in cash and an iPhone.

Does Bitfunded count floating losses?

Yes, open losses count toward both the daily and the maximum loss limit. If your equity touches the limit at any moment, the account is disqualified, even if the trade recovers later. The daily limit resets at 00:00 UTC+8, with a possible delay of up to 10 minutes.

Can I trade at Bitfunded from the United States?

We could not confirm from the published documents whether US residents can buy an account. The terms only say that you must follow the laws of your own country, and the documents we reviewed contain no list of restricted countries. Before paying, ask Bitfunded to confirm in writing whether residents of your state can buy an account, complete KYC and receive payouts.