What is Demo Token and how to get it?

WhiteBIT Demo Token is a free demo virtual asset which allows you to practice trading on the stock exchange and test various trading strategies. You can refine your trading skills in a comfortable and risk-free environment, as well as study the features of the market and instruments. This is the most convenient way to get acquainted with the exchange functionality!

What is Demo Token for?

  • Familiarization with the WhiteBIT financial instruments that you will be trading with. You will be able to test each of them and understand how they work. When you receive your first assets for free, you will immediately have the opportunity to test the Spot trading functionality and the operation of the generated API keys.
  • Refining your technical skills. This is important when in real trading there is no time to think about actions and speed of reaction is important. You are not risking real money, it is an educational tool for gaining first experience.
  • Testing your trading strategy. You can see how your strategy will work, see its advantages and disadvantages, and bring it to a perfect state.

Demo Token Benefits

  • Getting Demo-tokens is instant and with a couple of clicks.
  • It does not need to be purchased and you can use it free of charge.
  • Maximum familiarization with the functionality of the WhiteBIT exchange (including Limit, Market, Stop-limit, Stop-market orders). Read more about different types of orders in our article!
  • It can be transferred to other users of the exchange using WhiteBIT codes, quickly and without commission.
  • It has no expiration date. Accordingly, you can get your assets and start trading at any time.

How to get a Demo Token?

It will take no more than a minute to activate the Demo token. Let's get started!

 

  1. Go to the "Codes" page in the "Products" section in the top menu on the Exchange home page.

  1. Click the "Get Demo Token" button in the menu on the left.

  1. You will see a panel with Demo Token codes for DBTC and DUSDT (demo versions of Bitcoin and Tether, respectively), as well as brief instructions on how to activate them. Copy one of the codes and close the panel.

  1. Next, click the "Activate Code" button in the same menu on the left. You will see a field to activate your Demo Token.

  1. Paste the copied code into the line, click "Activate" (the code is not password protected) and pass the CAPTCHA.

 

Done! Demo Token is credited to your Main Balance and the code activation is displayed in the History in the "Codes'' section. Repeat these actions for another Demo Token. As a result, you will have 0.5 DBTC and 1000 DUSDT on your balance.

 

Please note: to start trading you need to transfer funds from the Main Balance to the Trade Balance.

How to start trading?

After transferring Demo tokens to the Trade Balance, go to the "Trade" page to familiarize yourself with orders, charts and instruments. To start trading, you need to select the DBTC/DUSDT pair in the upper panel. This way you can start exploring the functionality of the WhiteBIT exchange and different types of orders.

Remember that DBTC and DUSDT are demo tokens and are used only for learning the exchange and its functionality, they cannot be exchanged for real currency or used in futures or margin trading.

Demo Token Features

  • It is important to understand that after activating the codes, your balance will be credited with a standard amount of assets – 0.5 DBTC and 1000 DUSDT. This is the amount that will be available for testing trading tools.
  • These tokens are virtual assets. They cannot be withdrawn from the exchange or exchanged for real cryptocurrency or state currency.
  • Trading with Demo-tokens is available in one trading pair – DBTC/DUSDT in Spot trading mode. Demo-tokens cannot be used in futures or margin trading.
  • Receiving and trading Demo tokens is available without KYC! However, to access the full functionality of the exchange, identity verification is necessary.
  • The codes received from the system are linked to your account. Therefore, if you share your own code for receiving Demo-tokens with another user, this code will not work on their account. However, after activating the code on your own account, you can convert it into a new WhiteBIT code and share it with another user and they will be able to activate it!

Support

In case of any questions related to Demo Token, you can:

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

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