Cryptocurrency trading is one of the prominent ways of making money in crypto. But it is not for everyone, and till now you must have realized it.
It takes great patience and disciple in the volatile world of crypto. It is risky, and no one would want to put their hard-earned money on the line to learn crypto trading.
But there are virtual cryptocurrency exchanges for trading that give you virtual money to play and learn crypto trading. I believe you already know this and that’s why you are looking for the best Bitcoin and cryptocurrency demo trading account to level-up your game.
Even I am not that much of a trader, but in my initial stint as a crypto trader, I have started from virtual crypto trading accounts. This gave me free play money to try and learn cryptocurrency trading.
The experience was good hands-on and helped in getting adjusted to real crypto trading on live exchanges. Here is the list of popular fantasy crypto trading apps and exchanges which you too can use now to learn crypto trading:
Best Cryptocurrency Demo Trading Simulators & Platforms
eToro is a household name for anyone who has done any trading.
It is a decade old product that makes trading fun by introducing the concept of social trading. Social trading is the act of conversing with people online and following their trader as you would do on a social network like Facebook or Twitter.
You can consider eToro as a social network like Twitter but for trading where you can copy other traders, follow them, and learn from their strategies.
Until recently eToro only traditional financial instruments like stocks and bonds for trading but now it has started providing cryptocurrencies like Bitcoin, Ethereum, & Litecoin, etc.
If you are too skeptical about risking your real money, eToro gives you a demo crypto trading account with $100,000 virtual money to trade which platform similar to etoro fails to provide,
BitMEX is another cool exchange, but it for traders who have more risk appetite.
BitMEX is the biggest crypto margin trading exchange in the world where you can buy/sell futures contracts of cryptocurrencies like BTC, ETH, ADA, etc.
But beware, crypto trading itself is highly risky, and applying margin on top of it makes it even riskier. So think twice before putting any real money into it if you don’t know the rules of the game.
The good thing is BitMEX realizes this and gives a demo crypto margin trading account. Here you can practice buying/selling cryptocurrency futures contracts with all the features such as leverage and other trading tools.
Once you are confident, you can easily use the same credentials to access your live BitMEX account where you need to deposit real Bitcoin to start trading.
As of now, the BitMEX demo trading account is available in Chinese, English, Japanese, Russian, and Korean language.
Kraken is another well-known Bitcoin and crypto trading simulator which you can use to enhance your trading learnings.
Kraken again provides a demo futures trading account for trading cryptocurrencies. But if you learn futures/margin trading then the normal trading of crypto would be a cakewalk.
The UI is excellent and provides you all the trading tools you might want in your journey of learning crypto trading. Also, you have the liberty to create as much as virtual money as you would lime to practice your fantasy crypto trading.
As of now, the Kraken demo crypto trading platform is available in 10+ languages including English, French, Spanish, & Japanese, to make it easy for aspiring crypto traders around the world.
Check Kraken Crypto Trading Simulators
Look for more cryptocurrencies to trade virtually without putting your real money?
Well, I have a solution for you.
Try CryptoSpaniards crypto simulator which is a free crypto simulator that allows you to trade 70+ cryptocurrencies including Bitcoin.
It has an integrated forum and telegram channel also to interact with other community members. All the trading strategies that you need to make the most out of your crypto trading are available here. For example, limit buy orders, stop loss, take profit and more advanced features.
The starting capital you get while you join is $10,000 [customizable from $100 to $1M]. And there is a friendly crypto trading contest always going on this platform where the top 50 traders are featured regularly.
As of now, the simulator is available in English, Spanish & French.
CoinMarketGame also know as CMG is as its name suggests it a game.
It is a cryptocurrency trading account to help you gamify crypto trading and learn it in a risk freeway. The design is very minimalistic and doesn’t provide you advanced trading features as you would get in its peers.
But still, it does the job of providing you a simulated environment where you can buy/sell 20+ cryptocurrencies. They also have a telegram community where you can interact with other traders and can even get featured on the leaders’ board based on your performance.
Conclusion: Bitcoin & Crypto Paper Trading Exchange With Demo Account
Crypto market is highly volatile and uncertain. That’s why make sure you have learned thoroughly before getting involved in crypto. Never invest more than what you can afford to lose and never take anyone’s financial advice from social media or platforms like this.
Once you have learned the basics, you will be required to buy the real cryptocurrencies like Bitcoin. Buying Bitcoin opens up the way to enter this realm.
So if you feel you are ready, consider reading our guide on how to buy your first Bitcoin?
If you have any more questions related to cryptocurrency trading, make sure to ask us in the comments below. Also, tell us about your experience of you using these demo crypto trading exchanges and simulators 🙂
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