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BM.XYZ is an onchain order book exchange built on BM Chain. The testnet environment lets you explore spot and perpetuals trading with test tokens — no real funds involved. This guide walks you through every step, from opening the app to verifying your first trade onchain.
Testnet access may be invite-only depending on the current deployment. Check the Announcements channel for the latest access details.

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End-to-end flow

Every new user follows the same sequence before their first trade: 
Connect wallet (or email login)
  → Accept Terms of Use
  → Enable Trading
  → Claim testnet tokens (Faucet)
  → Trade spot or perps
  → Review portfolio & onchain records

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Step-by-step walkthrough

1

Open the app

Go to bm.xyz/trade. You can browse available markets before connecting a wallet — no sign-in is required just to explore.
2

Connect or sign in

Choose the method that works best for you:
  • Wallet — MetaMask, WalletConnect, OKX Wallet, or Coinbase Wallet
  • Email — Enter your email address and a one-time passcode (OTP). Privy automatically creates an embedded wallet tied to your email.
See Connect Wallet and Email Login for detailed instructions on each method.
3

Complete onboarding

New users see a combined Welcome + Terms of Use modal on first connection. You must accept the Terms of Use and Privacy Policy before you can trade.After accepting, complete the Enable Trading flow:
  1. Claim testnet tokens — your default allocation includes test USDC and BMX.
  2. Establish connection — sign once to create a local trading key. This signature is gas-free and does not move any funds.
4

Claim tokens

If you skipped the faucet step during onboarding, you can claim tokens any time from the standalone Testnet Faucet page or from the in-trade faucet entry in the navigation.
5

Place your first trade

  • Pick a market from the market selector. Use Favorites to pin frequently traded pairs.
  • Choose Spot or Perps from the trade panel.
  • Submit a Market or Limit order.
  • Confirm your fills in the bottom panel tabs once the order is matched.
6

Verify onchain

Every fill is recorded on BM Chain. Search your transaction hash in Clob Scan for order book-level data, or open BM Scan for full chain data including raw transaction details.

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What testnet does not include

Some features are reserved for mainnet and are not available in the testnet environment.
FeatureStatus on testnet
Real deposit / withdrawNot available — use the Faucet instead
Vaults / stakingMainnet only
Referrals / pointsMainnet only
SDK & public API docsComing soon

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Need help?

  • Check Announcements for scheduled maintenance windows and known issues.
  • Submit bug reports using the Bug report form.
  • Email the team directly if you have access questions or need an invite.