Crypto funded account vs fixed payout

A crypto funded account and a fixed-payout challenge look like the same product from the outside. Neither one takes a deposit. Neither one puts your money in the market. Both charge a one-off fee for a test, and both pay out if you pass.

Then the models split, and they split on one question: when you pay, do you know what passing is worth? A funded account cannot tell you, because your payout is a share of profits you have not made yet. A fixed payout can, because the number is published before the transaction.

What a funded account actually is

You are not being handed capital. You are being given a simulated account with a set of rules attached, and a contract that pays you a percentage of the returns you produce inside it. The industry has converged on two shapes.

The two-step evaluation

• Phase one: make 10% on the account balance.
• Phase two: make another 5%, usually with no time limit.
• Throughout: never lose 5% in a single day, and never go 10% below the balance you started with. That second figure is normally static, measured from the opening balance rather than from your high-water mark.

The one-step evaluation

One target instead of two, and tighter risk to pay for it. A 4% daily limit and a 7% total drawdown are typical. It costs more up front than the two-step for the same account size.

What you keep

Between 80% and 90% of what you make once funded, and some firms scale that to 100% for traders who stay on the account long enough. Fees run from roughly $60 for a $5,000 account to around $1,500 for $200,000. Payouts usually land in stablecoin within a couple of business days.

What you know when you pay

The arithmetic, both ways

Take the smallest account either model sells, $5,000 of simulated capital, and follow the money.

Through a funded account

The fee is about $60. To get funded you make $500, then $250, without ever losing $250 in a day or $500 in total. Once you are through, a 5% month on that balance is $250 of return, and at a 90% split you are paid $225. Do it again next month and you are paid again. Breach the drawdown once and the account is gone.

Through a fixed payout

The fee is $30. You win ten rounds before you lose four. You are paid $150, in SOL, from Coinwar’s own account. Then the attempt is closed and if you want another you buy another.

Which one is the better buy

Take the funded account if

• You want income that repeats rather than a single result.
• You already trade inside a risk budget and a 5% day does not scare you.
• You are willing to hold an account open for months.

Take the fixed payout if

• You want to know the number before you spend anything.
• You trade in short sessions rather than holding positions for weeks.
• A drawdown rule that can end everything on a Tuesday is not a regime you want to live in.

These are different products for different people. The comparison is only useful because both of them get sold under the same three words, “get funded trading”, and only one of them tells you what that is worth.

How the fixed-payout version works here

Coinwar is an evaluation, not a funding programme. No capital is allocated to you and none of your money is held. The entry fee buys access to the software, and the payout is a published reward paid from Coinwar’s own funds for meeting an objective standard.

• A round is three hours, against one other candidate, on live prices.
• The larger return takes the round. The percentage, not the dollars.
• Second place costs a life whether you finished up or down. A dead heat costs nothing.
• Ten wins passes. Four lost lives ends the attempt.
• Four tiers: $30 pays $150, $75 pays $400, $150 pays $900, $300 pays $2,000. Same test at every one.

Two candidates in the same round can both pass, or both fail. Neither result touches the other, because the payout does not come out of anybody’s entry fee.

The terminal you trade is a simulation of the Solana launch market, with slippage priced off a real pool rather than a fixed spread. The full mechanic is on the front page.

Questions people ask

Is a funded account real money?

Almost never. What you trade is a simulated account with a contract attached; the money that reaches you is a performance payout from the firm, not the proceeds of your positions. That is true of the model in general, not a quirk of any one firm.

What happens if I fail the evaluation?

You lose the fee. Some firms refund it against your first payout if you go on to pass, which is worth checking before you buy, because it changes the real cost of a failed attempt.

Why is the drawdown limit the part that ends most accounts?

Because it is measured daily as well as in total, and the total is usually static, fixed from the balance you started with rather than trailing your best day. Profit does not buy you room. You can be well ahead overall and still lose the account on one bad session.

Can I hold positions overnight or over a weekend?

Usually yes in crypto, since the market does not close, but the daily loss limit resets on the firm’s clock rather than yours. Read which timezone that clock is in before you size a position into it.

Does a fixed payout mean lower risk?

It means a known maximum loss, which is the fee. It does not mean the test is easier. Ten wins before four losses is a standard you either clear or do not, and most attempts will not clear it.

Which model pays more?

A funded account, if you pass it and then keep it. Its ceiling is uncapped and it repeats monthly, against a single capped payout here. The fixed payout wins only on certainty and on the size of what you put at risk to find out.