Beginner's Guide to (How to become a Social Trader)

How to become a Social Trader on SnapEx?

1.Register a SnapEx account: https://www.snapex.com/user/signup

2.Apply to become a Social Trader:

WEB version:「Copy Trade」-「Share Trading」- Turn on「Share Trades」

APP version:「Copy Trade」-「Share Trading」- Turn on「Share Trades」

3.Become a Social Trader on SnapEx after meeting the conditions below:

• Make sure you deposit over 500 USDT
• Maintain a balance of over 500 USDT
• Historically, you have traded 5 times on SnapEx (meaning you have placed 5x orders)
• No Ordinary Orders (both limit and market)
• You are not following any traders
• You are not copying trading orders

Further information

How can I become a Trader on Snap Copy (Yes, the one that’s copied)?

You can take the initiative to apply to become a trader by going to either the web or app version. When you meet the following requirements and our due diligence team approves you, you’re good to go.

1. Make sure you deposit over 500 USDT
2. Maintain a balance of over 500 USDT
3. Historically, you have traded 5 times on SnapEx (meaning you have placed 5x orders)
4. No Ordinary Orders (both limit and market)
5. You are not following any traders
6. You are not copying trading orders

Be sure that you meet the above conditions before applying, otherwise you’ll have a frustrated due diligence team having to reject you.

2. What should I pay attention to when applying for a trader status?

Please make sure that when you apply for a trader status, you meet the following conditions, otherwise the application will fail:

(a) There are no open orders

(b) You are not currently copying other traders

3. After becoming a trader, can I set orders for copying directly?

No, after the review is passed, you still need to complete the order settings before you can officially let the order to be copied. Select your order transaction pair on the trading page, and open the position at the market price to let the order being copied. Please note that limit orders are not eligible for copy-trading.

4. As a trader, which of my data will be disclosed?

After becoming a trader, some of your information will be published as follows:

(a) Status lifetime: Calculated from the day of getting the trader status;

(b) Rate of return of your copied orders: the largest margin for opening a position for all orders with a return/all orders;

(c) Win rate of your copied orders: the number of all copied orders with positive returns/the number of all copied orders;

(d)Number of transactions: the number of copied orders;

(e )Copied orders trading pair: the copied orders category selected by the trader;

(f）Profit sharing ratio: The profit sharing ratio of net income at daily settlement.

(g)Number of followers: Current number of followers and maximum number of followers

Note: You can view the detailed position data in "My Copy trades" or on the trading page; you can view the profit sharing and daily profit sharing in the profit distribution details (settled at 0 o'clock every day).

7. Are there any restrictions on copy-trading orders?

Copy-trading orders have some restrictions. When the conditions are not met, the order will become a normal order (followers will not copy):

(a) The sum of Copy-trade's position margin cannot exceed 50000 USDT;

(b) The number of orders that can be held simultaneously cannot exceed 10;

(c) The number of copy-trades available per day cannot exceed 100.

Note: Margin cannot be added during copy-trade orders.

8. What is the difference between Copy-trade orders and ordinary orders?

(a)All copy-trade order transactions are based on market prices;

(b)Margin cannot be added during copy-trade orders.

(c）Followers will copy your leverage to place orders by default.

Risk Warning:

Trading digital assets and their derivatives is highly leveraged and risky and may result in partial or total loss of account funds. Before conducting spot/contract trading, investors must ensure that they understand the nature and rules of spot/contract trading, and decide whether to participate in spot/contract trading based on their investment experience, goals, financial status, and ability to bear risks.