While the vast majority will never be profitable on a crypto trading platform using real funds, to find out if you have what it takes is to use a Bitcoin demo platform and give it a go! If you can multiply a crypto paper trading or demo account several times over, then perhaps you have the right skills and mindset to grow a small account into a fortune. Although, finding a crypto website to demo trading can be quite challenging as not all trading platforms and brokers offer a practice account. This article will list and compare the top places for crypto demo trading.
Best Demo Crypto Trading Accounts For 2023
The most popular cryptocurrency demo accounts to practice trading are:
- Binance (best demo account for Futures trading)
- eToro (best crypto demo platform for beginners)
- ByBit (best crypto testnet for paper trading)
- TradingView (best for price simulations)
- Plus500 (crypto demo site for ease of use)
- StormGain (best for demo trading with margin)
- BitMart (great demo option for learning)
- Nominex (best for crypto demo tournaments)
This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.
Top Cryptocurrency Demo Accounts Reviewed
We have reviewed and assessed each website to demo trading crypto on important factors such as beginner-friendliness, ease of use, number of crypto pairs and available crypto trading tools. It's equally important to open a demo account with a crypto exchange that is reputable, offers a good selection of coins to trade and has low fees to open a real account once ready to trade with actual money.
1. Binance - Best Futures Practice Trading Account
Binance is an undisputed heavyweight in the cryptocurrency market with a broad offering of products, features, and services for all kinds of traders and investors alike. The Binance Futures platform is one of the best places to trade crypto futures with constant high trading volume and liquidity. While starting with leverage trading can be challenging, there is a Binance demo account, or mock trading platform on the Futures exchange to start practicing.
Users on Binance must have a Binance Futures account to start demo trading. Once created, traders can start demo trading crypto on Binance with a starting virtual balance of 3,000 USDT. While the starting capital is not as high as other demo exchanges, it allows new users to practice their crypto trading skills with a small account. The Binance mock trading account works like a testnet environment, which aims to simulate the real trading environment.
The demo platform has all the charting analysis tools and order types on Binance Futures, including the ability to experiment with different orders. These include market, limit, stop limit, stop market, trailing stop and post only. This is the major advantage of the Binance demo platform compared to others on this list as it enables users to mock trade on an advanced platform.
As far as the number of demo trading pairs, Binance demo offers USDT perpetual contracts which can be traded with high leverage of up to 125x as per the real Futures platform. This means new traders can speculate without risk on more than supported 233 crypto trading pairs on the demo exchange. While the Binance demo exchange is not the most user-friendly option to get started with, it is as close as possible to a real environment to mock trade. As with other crypto testnets, the candlestick prices may not be accurate and differ from the actual prices.
Overall, the Binance demo account is our top pick for demo crypto trading that prepares new traders in the best possible way. Moreover, the mock trading mode can be accessed on the Binance app which is another benefit. To trade crypto futures with high leverage risk-free, open an account with a Binance demo account and practice trading.
- Switch to a real account with one of the best crypto platforms in the world
- Binance demo can be activated with a Futures account
- Virtual environment is an exact replica of the actual trading platform
- Excellent variety of trading pairs that can be simulated with a virtual account
- Binance testnet is geared towards leverage traders
2. eToro - Best Crypto Demo Account For Beginners
eToro is second on our list of the best demo accounts. It is a global financial brokerage that was established in 2007 that provides financial trading and investing platform that includes a variety of markets such as Crypto, ETFs, Stocks, Indices, Commodities and Forex. The brokerage has become well-known for its crypto social trading platform that allows investors to follow the most successful traders and copy-trade their positions.
eToro is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) of the United Kingdom. This means, demo traders can switch to live funds using a regulated crypto platform in Australia and the UK.
New users on eToro can open a free $100,000 Practice Account to start trading cryptocurrency and other assets. New traders can select from 16 digital currencies to analyze the price chart, add indicators, draw lines and patterns and place buy and sell orders to enter a position. Using a demo trading account means that traders don't need to worry about losing money.
One of the best features of eToro is the news feed that allows traders from all over the world to post their trade ideas, chart analysis and sentiment on market direction for Bitcoin and 15 other crypto coins. This community can be used for beginners to understand how to trade with other users on the platform and find potential trade setups.
It is important to note that each trader on eToro will have a different strategy. However, the benefit is that it allows users to be exposed to different methods for trading cryptocurrency. A good place to start is to follow the “Popular Investors” and replicate their trading using a demo account to learn their trading style, evaluate their performance and see what actual gains could look like using real money.
eToro mobile trading app supports the demo trading account which enables users to monitor their positions, place orders and watch the market. The eToro app is highly responsive and can even follow the trading feeds on your mobile device to stay informed of the activities of the top traders on the platform. Once ready to trade with real money, an eToro account can be funded using a bank transfer or wire transfer with as little as USD 10. The individual must also complete the eToro ID verification process which can take a few days to complete. To find out how long it takes to verify on eToro, read this guide.
- Beginner-friendly and easy to get started with
- Has a risk-free $100,000 practice account
- Charting with eToro is intuitive and responsive
- eToro is not available in all countries worldwide such as Singapore, New Zealand and South Africa
- Experienced traders that want to practice on eToro demo mode may find it lacking advanced tools
3. ByBit - Best Testnet For Demo Trading Crypto
ByBit is headquartered in Singapore and has become one of the best, if not the best crypto margin platform in the market for serious traders. Backed with a feature-rich trading terminal, deep liquidity, and great support for spot and leveraged pairs, ByBit is a great place to trade crypto. As leverage trading is not for beginners, the platform understands the need to practice without real funds and has introduced the ByBit testnet. Once the user is familiar with using the platform and gained hands-on experience, they can migrate and create a new account with ByBit and begin trading with real money.
Users will need to create an account on the testnet (separate from the main exchange) to place orders with a free $50,000 crypto paper trading account. The testnet can be accessed at testnet.bybit.com and a new account created in a few minutes with email verification only. Once the account is verified, it will provide access to the full platform in which the person can trade BTC, ETH, LTC, XRP, BCH, LINK, XTZ and 100 other coins. All of the crypto markets are available on the testnet. For instance, users can demo trade spot, margin, leveraged tokens and even create crypto trading bots with virtual funds.
A major benefit of using the ByBit demo account is the user interface and trading experience on the testnet is a near-replica of the actual exchange. This includes the ability to execute positions using market and limit orders, set take profit/loss levels and more. This is advantageous for beginners to practice entering orders using various methods and experiment with the different risk-management controls in a simulated environment.
Once the user has developed a familiarity with the paper trading account, they can comfortably trade on the margin platform with a funded wallet. Before getting started, create an account using our ByBit referral link to be eligible for a deposit bonus.
- Mimics the real trading environment and trading experience as the real version
- Features live crypto prices and trading pairs from the exchange
- Includes advanced trading features, tools and indicators to perform technical analysis
- Finding the ByBit demo account can be difficult
- The testnet is not connected to the main Bybit website
- Too complicated for beginners to get started and learn how to trade
4. TradingView - Great Option For Crypto Price Simulations
TradingView is a cloud-based charting and networking website that is widely popular in the trading and investing world. Originally used for stock scanning and charting, Tradingview is considered the "Rolls Royce" of charting software for crypto and traditional markets. Tradingview offers the ability to monitor the historical prices of thousands of trading pairs across a variety of markets using a single platform.
TradingView is not an actual exchange to deposit funds and start trading with real money. Therefore, you will need to find a cryptocurrency trading platform to trade with actual funds. Instead, TradingView can be used to demo trade crypto and take advantage of its advanced charting system. Users can add popular cryptocurrency indicators, draw chart patterns and overlay tools to the charts. There is even the option to add custom indicators by other users. Overall, using Tradingview's demo account is a little complicated and is best-suited to experienced investors that are familiar with the platform.
Users can activate a demo account on TradingView to simulate trading and back-test strategies and ideas from the community. To get started, traders will need to create an account with TradingView to access the demo trade feature and connect to a paper trading account.
Once the demo mode has been activated, an order window will be displayed to enter a buy or sell trade. TradingView includes different order types such as market, limit and stop. Another great feature is the ability to set a take profit and stop loss order which can be adjusted on the live price chart. Active positions and pending orders can be monitored at the bottom of the charts.
TradingView provides access to hundreds of crypto pairs by collecting data from crypto exchanges such as Binance, Bittrex, Coinbase, Bitfinex, Bybit, FTX and many others. The data collected from each exchange can be charted individually based on their own order books. Other great features of using the demo account on TradingView include:
- A one-stop shop to chart hundreds of trading pairs and demo trade
- Strategy tester to simulate trading strategies and measure results (Advanced)
- View prices from multiple exchanges with real market data
- Demo trade on traditional and crypto markets
- Set price alerts, additional indicators per chart, volume profile, etc.
- One of the biggest investing and crypto websites
- Excellent charting platform for experienced traders
- Paper trade on more than 700 supported crypto pairs
- Can be difficult to find and place orders
- Not ideal for those that want a simple and fast way to demo trade
5. Plus500 - Good Demo Account For Crypto Beginners
Plus500 is a leading CFD provider that allows its massive customer base to trade the world's most popular assets such as Shares, Indices, Forex, ETFs, Options, Indices, and Cryptocurrencies with a maximum leverage of 30x. The CFD demo account platform is a popular way to learn how to trade cryptocurrency.
Users can participate in demo trading traditional financial assets and "Buy/Sell" or "Trade" CFDs such as Bitcoin, Ethereum, Litecoin, Neo, Ripple XRP, EOS, Cardano, and Tron in one location (subject to availability).
The dashboard lists each crypto pair that can be selected on the demo trading account or using real funds. It is quick to filter through each trading pair to find a chart to analyze and place orders. New traders will find the user interface on Plus500 to be simple and easy to use.
There are no distractions such as pop-up menus, options, and flashing order books. The charting screen is intuitive, clean, and responsive that includes basic tools to draw trend lines, chart patterns, change time-period intervals and much more.
The order entry window provides a summary of the trade which is useful for beginners using the demo account. Here, traders can quickly review the spread charges, leverage amount, set alerts, and enter a buy/sell position.
Overall, investors that want to start Bitcoin trading using a demo account will find Plus500 a great choice for experienced traders. The only disadvantage of Plus500 is that the platform is not available in many regions. For example, residents in the United States will not be able to create an account. Therefore, eToro is a better option to demo trade crypto in the US.
- One of the easiest crypto demo platforms to use
- Simple and modern user interface for charting and placing virtual trades
- Demo account is supported on the app
- Not available for residents in the USA
- Does not have a big selection of coins to demo trade
6. StormGain - Best Crypto Demo Site With High Margin
StormGain is a new and advanced cryptocurrency trading and investing platform that offers 17 different futures markets to trade with leverage up to 200x. The exchange includes a demo account for its customers to practice trading using real market data and become familiar with the user interface.
The trading interface is cutting edge and comes with all the crypto trading tools and features to gain an edge in the market. With its modern interface, secure wallet, two-factor authentication, and excellent user experience, StormGain is a serious crypto trading platform. Beginners can experience trading on a modern and sleek platform with StormGain's demo account.
The demo trading experience is surprisingly excellent and has all the features and trading functions if you were trading with a real account. The main page shows the different crypto pairs, live price charts, wallet balances and open positions.
If you click on 'Full Screen' mode, the full charting window is shown which is very modern. Here, you can add indicators, draw trend lines and patterns by right-clicking the chart. Any technical analysis that you apply to the chart remains when you return to the dashboard.
Overall, StormGain is one of the best places to trade crypto with margin. The futuristic user interface and trading charts are one of the best we have seen that will suit beginner traders.
- Demo platform is intuitive, modern and includes full-screen mode
- Practice account allows trading with high leverage
- Widely available for crypto beginners in over 200 countries
- Allows stop-loss and take-profit orders
- Limited number of trading pairs that can be demo traded with leverage
7. BitMart - Demo Exchange For Learning Crypto
BitMart is a popular trading platform that has grown in popularity since its launch with over 2 million customers worldwide. BitMart has expanded its products and services offering to include futures trading, staking and lending services to earn rewards. Users on the exchange can get started with cryptocurrencies by using a practice account.
BitMart's user interface is designed for beginners to trade the crypto spot market with a slightly different appearance from the futures markets to include leverage options. The charts are provided by TradingView where new traders to crypto can overlay several technical indicators. The simulated trading environment has the same appearance as a live trading account as shown below.
Users that decide to fund a real account with BitMart can benefit from the cutting-edge trading products and services offered on the platform such as:
- Spot market with over 90 crypto pairs against BTC, ETH, USDT and BMX tokens
- Futures market to trade crypto with leverage up to 100x
- BitMart app to monitor portfolio and trade from anywhere
- Lending on digital assets such as USDC to earn crypto interest up to 6.25% annualized
- Full-featured crypto exchange with Tradingview charts
- Large selection of 600+ coins that can be demo traded
- Demo mode can be toggled within the BitMart platform
- Simulated trading environment has the same appearance as a live trading account
- Need to complete full ID verification to open demo account
8. Nominex - Best For Crypto Demo Tournaments
Nominex is a new cryptocurrency exchange that features a simple and elegant user interface that is ideal for beginners or intermediate traders. New users will not need to complete a KYC verification process to begin trading and can withdraw funds up to 3 Bitcoin per day.
Nominex has been designed to focus on helping new users by offering:
- An easy to use interface
- Demo trading modes
- Cold storage wallet security
- Trading commissions near zero
- Excellent liquidity and low spreads
- Resources to help new traders learn the basics
- Earn additional income through referral programs.
Nominex.io offers a free crypto trading and educational course that comprises 10 modules aimed to help new traders to become familiar with the exchange and grow confidence in trading the market. There are more than 30 articles with examples and detailed explanations. To help incentivize new traders, Nominex offers rewards for completing each trading lesson and a starting account with up to $500 USD in trust.
Once completion of the training course, users can also activate the cryptocurrency demo trading account which is based on real market conditions. Beginners can learn to trade on a real exchange with zero risk, understand price trends, test trading theory and practice at the same time.
Nominex is one of the only exchanges that offer competitive tournaments on a demo account with a prize fund of $2,700 USDT and 415 NMX tokens. The reward for first place is $1,000 USDT in trust management. The balance is updated daily to $10,000 in USDT with generous rewards for winning the tournament. Users can choose to participate in real cryptocurrency trading tournaments with prizes in USDT.
- One of the only exchanges with crypto tournaments on demo mode
- Prizes offered for top performing demo traders
- Vast range of educational resources to learn how to trade cryptos
- The real exchange is not widely known and has limited trading volume
- Starting balance on demo account is quite low
Top Bitcoin Demo Trading Sites: Comparisons
This comparison guide provides an overview of the best demo account websites to trade Bitcoin and cryptocurrency assets without losing money.
|Exchange||Crypto Assets||Trading Fees||Rating||Promotion||Website||Review|
|600+||0% to 0.1%|
|Up to $100 welcome bonus||Visit Binance||Binance Review|
|81||0.06% / 0.01% (leverage), 0.1% (spot)|
|Deposit bonus up to $30,000||Visit Bybit||Bybit Review|
|None available at this time||Visit eToro|
Disclaimer: 78% of retail CFD accounts lose money
|None available at this time||Visit TradingView|
|9||Spread & other fees|
|None available at this time||Visit Plus500|
79% of retail CFD accounts lose money.
|Up to 20% Bonus for deposits||Visit Stormgain||Stormgain Review|
|600+||0.25% (spot), 0.02% / 0.06% (Futures)|
|None available at this time||Visit BitMart||BitMart Review|
|None available at this time||Visit Nominex|
Benefits of Using A Demo Account For Crypto Trading
There are several top cryptocurrency exchanges that offer demo trading to learn crypto trading without making a deposit. Using a demo trading site before funding a real account offers several advantages for beginner traders such as:
- Get to know the trading platform and user-interface
- Learn cryptocurrency trading and technical analysis
- Back-test a crypto day trading strategy
- Understand the different order types and market dynamics
- Fun and safe environment with no risk of losing money
- Test out automatic crypto trading bots and algorithms
- Participate in demo account trading tournaments for crypto
If you would like to learn how to trade crypto, then the next step is to find a crypto exchange that supports paper trading crypto-assets to practice on the live charts.
How To Demo Trade Cryptocurrency
Beginners should focus their time and effort on learning to trade cryptocurrencies. One of the best ways to learn to trade is to register a crypto demo account. There are many free resources online to understand how the crypto market works and basic technical analysis. This way, you get to preserve your recently purchased Bitcoins while learning a new skill that, if done correctly, will benefit your trading and investment portfolio.
Trading cryptocurrency with a demo account is similar to using real funds. To get started, follow these simple steps:
- Register for a crypto demo provider such as eToro
- Activate demo trading and select a crypto pair to trade
- Place an order using the buy and sell buttons
- Monitor the trade in the position window
- Close the trade at the desired price level
Frequently Asked Questions
Binance, ByBit and eToro are examples of the best demo accounts to practice trading cryptocurrencies. Their demo platforms are loaded with virtual funds that can be traded within a risk-free environment using top charting and analysis tools that will suit complete beginners to more experienced traders.
Yes, Binance has a mock trading environment for new traders to practice trading crypto with a 3,000 USDT virtual balance. The Binance demo account can be accessed through the Binance Futures platform which enables traders to demo trade with leverage up to 125x.
Crypto exchanges that offer a testnet or paper trading are free to use. The trader can become familiar with the user-interface before making an actual deposit. In most cases, you do not need to register another user account and can use the same login details.
First time investors and beginner traders that create an account with a trading exchange should trade cryptocurrency using fake money using a demo account. Using a practise money allows a trader to understand the platform features and learn how to trade Bitcoin and other altcoins without losing any capital.
Coinbase is designed for beginners to get started with digital currencies, however does not offer a demo or paper trading account to practice on the platform. New investors will need to make a deposit to access all the features on the exchange or use a platform that allows demo trading.
For new traders that are looking for an easy-to-use Bitcoin demo trading platform, our suggestion is eToro which is incredibly beginner-friendly. It's quick to sign-up and the user interface is intuitive and is the perfect website to learn how to trade crypto without real money.
Remember, when you’re just starting out trading with real crypto, it’s not about making money at first. It's more important to define a trading strategy with risk management rules that is repeatable and profitable. To keep the costs of trading down, new users of crypto can also consider using a zero-fee crypto exchange. While losses can still be incurred, at least there are minimal transaction costs involved when buying and selling crypto.