You don't need a trading background to start. You need a clear idea of what you're trading, a way to practice without real money, and a plan for how much you're willing to lose. This guide walks through each step on your phone using Bloxwap, from checking that you're eligible to closing your first trade.
One thing to know up front: on Bloxwap you trade perpetual futures ("perps") that track the price of crypto, stocks, and commodities. You don't buy shares or coins. You trade on which way the price moves.
Step 1: Check that you can use Bloxwap
You must be at least 18, or the age of majority where you live if that's higher. Bloxwap isn't available to citizens or residents of, or people located in, restricted jurisdictions, which include the United States. The Terms of Use list every restricted region. Check this before you add any money.
Step 2: Learn what a perpetual future is
A perp lets you take a position on a price without owning the asset. Going long means you profit if the price rises. Going short means you profit if it falls. The money backing a trade is your margin, and leverage multiplies the position size, so it magnifies both gains and losses. Read A beginner’s guide to perpetual futures for a worked example with the numbers.
Step 3: Open the app and sign in
On your phone, go to bloxwap.app and sign in with email or a passkey. Signing in creates an embedded wallet for you, so there's no seed phrase to write down. The wallet is yours: Bloxwap never holds your funds, and you can export its private key from Settings.
Step 4: Practice in Demo
Start in Demo. It gives you a virtual balance, uses no real money, and charges no trading fees. Pick a market such as Bitcoin, set a size, tap UP or DOWN, then tap CLOSE. Repeat until opening, watching, and closing a position feels routine. A tour of the trading screen explains each control.
Step 5: Learn what a trade costs
Every trade pays a fee when it opens and again when it closes, charged on the full position value (margin × leverage), not just your margin. Positions also pay or receive funding while they're open. The fee guide breaks down each cost with a $1,000 example.
Step 6: Add a small amount of money
When you're ready to trade live, open Add Funds. You can deposit USDC, USDT, ETH, BTC, or SOL on supported networks, and the app converts the deposit into USDC, a stablecoin designed to track the US dollar. That USDC is your trading balance. Start with an amount you could lose entirely without it affecting your bills or savings.
Step 7: Place a small first trade with a stop-loss
Choose a market, keep the size small, and use low leverage. Set a stop-loss, an order that closes the position if the price reaches a level you choose; you can add it while setting up the trade or from Manage Position afterward. The stop-loss guide shows how. Tap UP or DOWN to open the trade, then tap CLOSE whenever you want to exit and lock in the result.
Habits worth keeping
- Size down. A small trade teaches you as much as a big one.
- Keep leverage low. Higher leverage leaves less room before liquidation, when the exchange closes a position whose margin runs too low.
- Go back to Demo whenever you want to try something new.
- Count fees in your result. A trade that ends slightly up can still lose money after fees.
Live trading involves real risk. You can lose money, especially with leverage. Only trade what you can afford to lose.