Top 10 Crypto Demo Accounts for Trading in 2023
This article enlisted the 10 best crypto demo accounts for trading in 2023
Intro
Crypto trading has become much popular these days. Investing in cryptocurrency has become one of the most diverse investment options. If you are new to crypto trading, you may be stuck on where and how to start. Many investors dive right in and buy without fully understanding the market. This is where everything can go wrong. Well, nothing to worry about as a crypto demo account can come in handy. Such an account allows you to trade live markets without the risk of losing money. Let’s take a look at the 10 best crypto demo accounts for trading in 2023. Keep reading!
1. Coin base
With over 100 million users, Coinbase has proven to be one of the leading public crypto platforms. It offers more than 170 cryptocurrencies to trade and also has a secure wallet to store your coins in. Here you also get automatic staking rewards of 10+ cryptos through Coinbase Earn. You can trust this platform because you know it is transparent.
2. Swyftx
Swyftx, an Australian crypto exchange founded in 2018, has won the hearts of many. The trading platform and app are suitable for people with all trading experience. However, it is highly recommended for beginners. It is also known in the crypto market for its low fees, great crypto trading tools and features, and helpful customer support.
3. eToro
eToro, a global financial brokerage and trading platform allows users to trade from a variety of markets including cryptocurrency, stocks, ETFs, Forex, commodities and more. With over a decade of experience, the platform has developed enormously to become the all-encompassing financial platform it is today. It is just the right platform for people who want to analyze markets and perform technical analysis, but are not yet confident enough to invest their own money.
4. TradingView
TradingView is recognized as an advanced charting platform that boasts social trading capabilities. This platform is used by millions of people across multiple markets including cryptocurrency, stocks, Forex and more. In addition to monitoring the historical prices of assets, users can perform technical analysis to identify trends and patterns in order to predict future price movements of multiple assets. One point to note is that they have “paper trading” which acts as a trading crypto demo account that allows you to perform simulated trades without risking your real money.
5. Plus500
Next up is Plus500 – one of the world’s best online Contract for Difference (CFD) trading platforms. Here, users can invest in financial products that follow the prices of assets such as cryptocurrencies, shares and commodities. They have a demo account where you can trade CFDs on a variety of assets. If you are an experienced trader, you can also make the best use of this platform.
6. Binance
Binance is quite a famous name in the cryptocurrency market for the fact that it is the largest crypto exchange in the world by trading volume. In terms of trading, it has a feature called ‘Mock Trading’ which is a crypto demo account for Binance futures trading. With features like changing leverage, placing stop-loss orders and taking profit, you’re going to learn a lot.
7. Bitmart
Bitmart, with over 2 million customers has a long list of features to note – right from trading and betting to crypto lending, this platform has it all. Users can use their demo account to build trading confidence and practice trading strategies. The in-depth TradingView charts can be integrated with the interface to use a variety of technical indicators to help you with your trading moves.
8. Phemex
Phemex is another global crypto trading platform with a wide range of trading options and features. The goal is to “enable everyone to trade easily and manage risk effectively.” Here you can trade up to 140 cryptocurrencies with zero financial risk, so you can analyze trends and experiment with your trading strategy.
9. Bit gap
With Bitsgap, you can manage multiple portfolios, access trading robots and trade multiple digital assets in one place. It comes with a demo mode where users can practice cryptocurrency trading using all the features available on the Bitsgap trading platform. Here you can practice trading with several order types such as market orders and limit orders.
10. KuCoin
As a beginner, you can blindly trust KuCoin. Here you can trade more than 700 altcoins. The Beginner Zone also offers rewards of up to $500 for new users. The rest of the platform has many features for the crypto enthusiast: a staking service to monetize your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
