Finding the Best Crypto Demo Accounts for Trading in 2023
Intro
Crypto trading has become increasingly popular in recent years. As an investment option, Cryptocurrency has become one of the most diverse. If you are a novice investor and are looking to trade crypto, you may be unsure of where or how to start. Many people jump straight in, without fully understanding the market. This is where things can go wrong. Fortunately, a crypto demo account can come in handy. This type of account allows you to trade live markets without the risk of losing money. Let us take a look at the top 10 crypto demo accounts for trading in 2023. Read on to find out more!
1. Coinbase
Coinbase is one of the most popular public crypto platforms, with over 100 million users. It provides access to more than 170 cryptocurrencies, as well as a secure wallet to store your coins. Moreover, you get automatic staking rewards on 10+ cryptos through Coinbase Earn. You can trust this platform, as it is transparent.
2. Swyftx
Swyftx is an Australian crypto exchange that has been around since 2018. It has become a favorite for many due to its trading platform and app, which are suitable for all trading experiences. However, it is especially recommended for beginners, thanks to its low fees, great crypto trading tools and features, and helpful customer support.
3. eToro
eToro is a global financial brokerage and trading platform, allowing users to invest in a range of different markets, such as cryptocurrency, stocks, ETFs, Forex, commodities, and more. With more than a decade of experience, this platform has become an all-inclusive financial platform. It is perfect for those who want to analyze markets and conduct technical analysis, but are not yet ready to invest their own money.
4. TradingView
TradingView is a well-known advanced charting platform with social-trading capabilities. It is used by millions of people across several 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, thereby predicting future price movements on several assets. Moreover, the platform offers ‘paper trading’, which acts as a crypto demo account, allowing you to execute simulated trades without risking your own money.
5. Plus500
Plus500 is one of the world’s top online Contract for Difference (CFD) trading platforms. Here, users can invest in financial products that follow the prices of assets such as cryptocurrencies, stocks, and commodities. They have a demo account, where you can trade CFDs of a range of assets. Experienced traders can also benefit from this platform.
6. Binance
Binance is a well-known name in the cryptocurrency market, being the biggest crypto exchange in the world by trade volume. As far as trading is considered, it has a feature called ‘Mock Trading’, which is a crypto demo account for Binance futures trading. This includes features such as changing leverage, placing stop-loss orders, and taking profits, which is great for those wanting to learn more.
7. Bitmart
Bitmart, with over 2 million customers, has a great list of features, from trading and staking to crypto lending. Users can use the demo account to build their trading confidence and practice trading strategies. The in-depth TradingView charts can also be integrated with the interface to utilize a range of technical indicators to help with your trading.
8. Phemex
Phemex is another global crypto trading platform with a wide range of trading options and features. Its purpose is to ‘empower everyone to trade simply and manage risk efficiently.’ Here, users can trade up to 140 cryptocurrencies with zero financial risk, enabling them to analyze trends and experiment with their trading strategies.
9. Bitsgap
With Bitsgap, users can manage multiple portfolios, access trading bots, and trade multiple digital assets from the same place. It also comes with a demo mode, where people can practice trading cryptocurrency using all the features available on the Bitsgap trading platform. Here, users can practice trading with multiple order types, such as market orders and limit orders.
10. KuCoin
For beginners, KuCoin is a great option. It allows users to trade more than 700 altcoins. Additionally, the beginner zone offers rewards of up to $500 for new users. The platform also offers a staking service to earn money on stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
