QUESTIONS? LET US HELP WITH THAT.
Here you can access most of our frequently asked questions. If you still need help, don't hesitate and reach out to us.
Topics
Choose a topic to explore or search for a keyword
What is WenCrypto?
Learn about WenCrypto and our services
4 ArticlesTrading Rules
Get familiar with our trading rules before starting trading
3 ArticlesInstruments
What you can trade on WenCrypto
4 ArticlesCheating & Prohibited Behaviour
WenCrypto has a strict zero-tolerance policy for cheating
1 ArticlesWithdrawals
Learn about withdrawal options and requirements
2 ArticlesKYC Requirements
Know Your Customer requirements and process
5 ArticlesLegal Agreement
Terms, conditions, and legal information
2 ArticlesWenCrypto's Single Pass Challenge
Fast, simple path to simulated funding
6 ArticlesWenCrypto's Double Pass Challenge
Consistency and discipline on your path to simulated funding
7 ArticlesWhat is WenCrypto?
What is WenCrypto? + -
WenCrypto is a crypto-only proprietary trading firm that offers evaluation challenges. If you pass, you get access to a simulated funded account where you can earn real payouts based on your performance.
Is WenCrypto an exchange? + -
No. WenCrypto is not an exchange, and we do not hold client deposits.
Are funded accounts real or simulated? + -
The funded stage uses simulated capital. Your payouts are real and based on your reward split.
Who can join WenCrypto? + -
Anyone aged 18+ from an eligible region can join.
Trading Rules
Are trading styles restricted? + -
No. Trade how you trade, as long as you respect the drawdown and leverage rules.
Allowed trading styles include:
- Scalping
- Swing trading
- News trading
What are the general requirements? + -
- Follow drawdown limits
- Use only your own account and payment methods
- No cheating, reverse hedging, or exploitation
- Complete KYC before requesting payouts
- Stay within your drawdown limits, breaching any drawdown limits will result in account closure and failure of the challenge or funded account
What is the maximum allocation? + -
Each trader can hold a maximum combined allocation of $100,000 per account type.
The maximum a trader can achieve in funding is $300,000. There is no scaling program.
Instruments
What can I trade? + -
You can trade the top 100 cryptocurrencies listed on CoinMarketCap.
What are the fees and commissions: + -
The trading fee to execute a buy or sell order is 0.04%.
Additionally, if you have an open position at 00:00 UTC, a daily swap fee of 0.033% per open position will be deducted from the balance of your demo account at 00:15 UTC.
Are stablecoins allowed? + -
No. Stablecoins (USDT, USDC, DAI, etc.) are not tradeable.
What leverage do you offer? + -
- 5:1 on BTC/ETH
- 2:1 on altcoins
Note: Altcoins can be wildly volatile. Manage risk like you actually want to stay in the game.
Cheating & Prohibited Behaviour
What's not allowed? + -
Platform Exploitation, including:
- High-Frequency Trading
- Toxic order flow
- Long/short arbitrage
- Reverse arbitrage
- Tick scalping
- Server execution manipulation
- EAs (Expert Advisors) are not permitted
Copy Trading
Copying or mirroring another trader's account is not allowed. If detected, both accounts will be breached.
Reverse or Group Hedging
Examples include:
- Using one account to take long positions
- Using another account to take the opposite short positions
- Coordinated trades designed to create risk-free outcomes
This results in immediate account breach.
Withdrawals
How often can I withdraw? + -
You can request a withdrawal every 10 business days. You can withdraw everyday on the Genesis challenge.
What are the requirements to withdraw? + -
- KYC must be completed and approved
- You must be in the funded stage
- You must be within drawdown limits at the time of request
Withdrawals are processed through WenCrypto's supported payout methods.
For the single pass and double pass, the first withdrawal is capped at 6%. The second withdrawal is capped at 8%. The third and fourth withdrawals are unlimited.
KYC Requirements
What do I need to know about KYC? + -
- Your information must match your ID exactly
- We use Veriff as our KYC provider
- One person, one email (one email address per trader)
One Email Policy + -
You must use one email per person for all WenCrypto accounts.
What about payment methods? + -
The payment card used must belong to you. Using someone else's card will result in a failed KYC.
What ID is accepted? + -
- Passport
- Driver's License
- National ID
- Residence Permit
What if my KYC fails? + -
You may need to resubmit documents. Major mismatches can block withdrawals or account continuation.
Legal Agreement
Do I need to agree to Terms & Conditions? + -
Yes. By purchasing, you agree to our Terms & Conditions. Violations can lead to account termination and/or withheld payouts.
Do you withhold taxes? + -
No. You're responsible for your own taxes required by your country of residence. WenCrypto does not withhold taxes or provide tax advice.
WenCrypto's Single Pass Challenge
What are the rules of the Single Pass Challenge? + -
- Profit Target: 9%
- Daily Drawdown: 3% based on either balance/equity at reset time 00:00 UTC
- Maximum Overall Drawdown: 5%
- Minimum Winning Days: 3
- A 'winning day' requires more than 1% gain
Is there a time limit? + -
There's no classic "X days to pass" timer, but you must place at least one trade every 28 days to keep the account active.
What happens after I pass both phases? + -
Once you pass your phase:
- You must complete KYC
- Upon completing and passing your KYC, you'll receive your funded account
What is my reward split? + -
80%
When can I withdraw? + -
You can request a withdrawal every 10 business days
Who is this for? + -
Traders who want a fast, simple path to simulated funding.
You get a full refund of the challenge once you have successfully achieved three withdrawals.
WenCrypto's Double Pass Challenge
What are the phase targets? + -
This challenge has two phases. Pass both to reach the funded stage.
- Phase 1 profit target: 10%
- Phase 2 profit target: 6%
- Minimum Winning Days: 3
What are the drawdown rules? (Phases 1 and 2) + -
- Max overall drawdown: 8% (static)
- Max daily drawdown: 5% based on balance or equity at reset time of 00:00 UTC
- Minimum Winning Days: 3
Static max drawdown (what that means):
It's calculated from your starting balance, not trailing.
Daily drawdown (how it's calculated):
Your daily limit is based on your balance or equity (whichever is higher) at 00:00 UTC, and it applies until the next 00:00 UTC.
Daily Drawdown Example:
If your account is $102,000 at 00:00 UTC, your daily breach level is $96,900. If your equity drops below $96,900 at any point that day, you breach.
What happens after I pass both phases? + -
Once you pass Phase 1 and Phase 2:
- You must complete KYC
- Upon completing and passing your KYC you'll receive your funded account
Funded account drawdown rules
- Daily drawdown: 5%
- Max overall drawdown: 8% (static)
Example: On a $100,000 account, if your equity ever drops below $92,000, you breach.
Is there a time limit? + -
There's no classic "X days to pass" timer, but you must place at least one trade every 28 days to keep the account active.
What is my reward split? + -
80%
When can I withdraw? + -
You can request a withdrawal every 10 business days
Who is this for? + -
Traders who prioritize consistency and discipline on their path to simulated funding.
You get a full refund of the challenge once you have successfully achieved three withdrawals.