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Try Monaco with free test assets. This walkthrough takes you from connecting a wallet to finding and closing your first position.
Sei Atlantic-2 testnet
Test assets have no real-world value. Trading is gasless; you do not need SEI tokens for the setup below.
Open Monaco Testnet ↗

1. Connect Your Wallet

Open the terminal and choose Connect Wallet in the top-right corner. Use MetaMask, Rabby, or Coinbase Wallet, or sign in with email or socials to have a wallet created for you.Privy remembers your wallet preference, so the first option shown may differ between users. After connecting, trades do not require a wallet signature popup.
Monaco trading interface with Connect Wallet button in the top right

Monaco trading interface with Connect Wallet button in the top right

2. Get Test USDC

Select the droplet icon in the top toolbar, then Mint 2,000 USDC. A green dot means a mint is available.You can mint 2,000 USDC once per rolling 24 hours on each app. Your mint history appears in the same modal. If you run out, try again once 24 hours have passed since your last mint.
Testnet Faucet modal showing the Mint 2,000 USDC button and daily limit

Testnet Faucet modal showing the Mint 2,000 USDC button and daily limit

3. Place An Order

Choose a market from the ticker bar or press ⌘K to search. Available perpetual markets include crypto, stocks, commodities, and FX, such as BTC, NVDA, GOLD, and EUR.
  1. Choose Market for immediate execution or Limit to set a price.
  2. Choose Buy / Long or Sell / Short.
  3. Enter the size in the asset or USDC, or use the percentage slider.
  4. Review the order value, required margin, and liquidation price, then select Place Order.
See Orderbook for execution behavior and price protection.
Order ticket filled in with a 0.01 BTC market buy

Order ticket filled in with a 0.01 BTC market buy

4. Find And Close Your Position

Your open position appears in Positions at the bottom of the terminal. This shows live PnL, entry price, liquidation price, and a Close button.
Positions tab showing an open 0.01 BTC long with live PnL

Positions tab showing an open 0.01 BTC long with live PnL

After Your First Trade

Portfolio shows account equity, available balance, margin used, realized PnL, win rate, and your spot/margin breakdown. The balance pill at the top right opens the account panel for deposits, withdrawals, and transfers between spot and margin.Compete contains your TraderCode and invite link. Leaderboards and rewards are coming soon.The testnet guide lists taker fees of 0.045% and a maker rebate of 0.01%. A limit order can execute immediately against existing liquidity; see maker and taker fills for the distinction.
Testnet may experience downtime and service interruptions while backend and frontend functionality is updated.
Everything runs on testnet: free play money and zero risk. Connect a wallet, grab test USDC from the built-in faucet, and place your first trade.Open Monaco Testnet
Network: Sei Atlantic-2 testnet · Trading: gasless · Funds: test assets with no real-world value
1

Connect your wallet

Open trade.0xmonaco.com and click Connect Wallet in the top-right corner.
Monaco trading interface with Connect Wallet button in the top right

The trading terminal before signing in — Connect Wallet is in the top right

Pick how you want to log in. Any option works — you don’t need SEI tokens or an existing testnet setup:
  • MetaMask, Rabby, or Coinbase Wallet — approve the connection in the wallet popup.
  • Email or socials — no wallet extension needed; one gets created for you.
Privy remembers your preference. When Privy opens, it prioritizes the wallet you used most recently or use most often. The first wallet shown can therefore differ between users.
Log in or sign up modal with wallet, email, and social options

Log in with a wallet extension, or just an email — your choice

Successfully connected confirmation modal

That's it — you're in

No gas, ever. After this one-time connection, everything on Monaco testnet is gasless — no signature popups when you trade.
2

Get free test USDC

Click the droplet icon in the top-right toolbar. It has a green dot when a mint is available.
Top-right toolbar with the faucet droplet icon highlighted

The faucet lives in the top bar — the droplet icon next to Settings

Hit Mint 2,000 USDC. Each mint deposits 1,000 USDC to your spot account and 1,000 USDC to your margin account, ready to trade instantly.
Testnet Faucet modal showing the Mint 2,000 USDC button and daily limit

One click — no external faucets, captchas, or waiting

Faucet confirmation showing 2,000 USDC deposited

Funds land in seconds; your mint history is tracked in the same modal

Daily limit: One mint per rolling 24 hours on each app, for 2,000 USDC. If you run out, try again once 24 hours have passed since your last mint.
3

Place your first trade

Pick a market from the ticker bar or press ⌘K to search. Monaco lists crypto, stocks, commodities, and FX perpetuals, including BTC, NVDA, GOLD, and EUR.
  1. Choose Market to fill immediately or Limit to set your price.
  2. Pick Buy / Long or Sell / Short.
  3. Enter a Size in the asset or USDC, or use the 25/50/75/100% slider.
  4. Review order value, margin required, and liquidation price, then click Place Order.
Order ticket filled in with a 0.01 BTC market buy

A 0.01 BTC market buy — margin, fees, and liquidation price appear before you commit

Buy or Long order submitted confirmation

Orders confirm instantly — no wallet popup

Your open position appears in the Positions tab at the bottom, with live PnL, entry price, liquidation price, and a one-click Close button.
Positions tab showing an open 0.01 BTC long with live PnL

Track or close the position from the bottom panel

4

Check your portfolio

Click Portfolio in the top navigation for account equity over time, available balance, margin used, realized PnL, win rate, and your spot and margin account breakdown.
Portfolio page with account equity chart, realized PnL, and accounts breakdown

Equity curve, PnL stats, and account breakdown in one place

Your balance pill in the top-right corner opens a quick account panel at any time. Use it to deposit, withdraw, or move funds between spot and margin.
Account dropdown showing margin and spot balances with deposit, withdraw, and transfer buttons

Quick account panel: margin and spot split, plus transfers

5

Invite friends from Compete

The Compete tab has your personal TraderCode and invite link. Share it to bring friends onto the testnet. Leaderboards and rewards are rolling out soon, so trades you make now are good practice.
Compete page with TraderCode, invite link, and leaderboard preview

Grab your invite link — leaderboard and rewards coming soon

Cheat sheet

This is a testnet. All balances are testnet funds, with no real-world value. Expect occasional downtown and service interruptions as both backend and frontend functionality is updated and improved.