BingX VST is a virtual currency designed for simulated trading on the BingX platform. This guide covers everything you need to know about BingX VST, its uses, how to obtain it, and a step-by-step tutorial on using it for practice trading.
Understanding BingX VST
BingX VST (Virtual USDT) is a form of simulated capital used exclusively within the BingX platform for practice trading. Its value is pegged to USDT, meaning 1 VST always equals 1 USDT in the trading simulator. However, BingX VST has no real-world monetary value. Profits or losses incurred during simulated trading do not affect your actual account balance.
This makes it an ideal tool for beginners to practice strategies, test new features, or simply get comfortable with the trading interface without financial risk.
Uses of BingX VST
BingX VST can be used across several trading environments on the platform:
- USDT-Margined Contracts
- Standard Contracts
- Copy Trading
Since VST is purely simulation-based, all gains or losses remain confined to the practice environment. This allows users to experiment freely, learn from mistakes, and develop confidence.
For those preparing for cryptocurrency certification exams or looking to understand market mechanics, BingX VST offers a practical, risk-free training ground. If you deplete your VST balance, you can request a refill every 7 days, ensuring continuous learning opportunities.
How to Obtain BingX VST
To receive BingX VST, your contract account must hold less than 20,000 VST. Each request grants you $100,000 in BingX VST.
Step 1: Navigate to the Assets Page
Go to the "Assets" section and select "Funding." Look for the VST entry and click the information icon 【!】 next to it, then choose "Simulated Trading."
Step 2: Request BingX VST
Click the 【+】 icon next to "Available VST Balance" to complete your request. The VST will be credited immediately to your simulated trading account.
How to Use BingX VST for Simulated Trading
BingX VST can be deployed in various contract trading modes. Below, we break down the process for different contract types.
USDT-Margined Simulated Trading
- Step 1: Access the Contract Page
Navigate to the USDT-Margined Contracts section. Scroll down and select the "Simulated Trading" option.
- Step 2: Acquire VST
If you haven’t already, click the 【+】 sign to request VST tokens.
- Step 3: Place Orders
Once your VST balance is funded, you can start entering trade parameters and executing practice orders just like in live trading.
Standard Contract Simulated Trading
To use VST for standard contracts, go to the trading page and select "Standard Contract." Then, switch your account mode to "VST Account." This will enable the use of virtual funds for all subsequent trades in this section.
After switching, you can proceed to open and manage positions using BingX VST.
BingX is widely recognized for its professional trading environment and copy trading features, attracting a large user base due to its high liquidity and user-friendly operation.
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Frequently Asked Questions
What happens if I lose all my BingX VST?
If your VST balance drops to zero, you can request a top-up of 100,000 VST every seven days. This allows for uninterrupted practice without any cost.
Can I convert BingX VST into real USDT or other cryptocurrencies?
No, BingX VST is strictly a simulated currency for educational purposes. It cannot be withdrawn, transferred, or converted into any real digital assets or fiat currency.
Is there a limit to how much BingX VST I can hold?
You can only request more VST when your balance falls below 20,000. Each request adds 100,000 VST, but there is no upper limit to how much you can accumulate through successful simulated trading.
Does simulated trading with VST affect my real trading account?
No, the simulated trading environment is completely separate. Activities using VST have no impact on the balance or performance of your main trading account.
Can I use BingX VST to test copy trading strategies?
Yes, the copy trading feature on BingX supports the use of VST. This allows you to simulate following experienced traders without risking real capital.
Are the trading fees the same in the simulated environment?
Yes, the simulator replicates real trading conditions, including fees. However, since you're using virtual funds, these fees are also simulated and do not incur real costs.