Top 10 Crypto Demo Accounts for Trading in 2023 (2024)

This article enlisted the top 10 crypto demo accounts for trading in 2023

Intro

Crypto trading has become extensively popular these days. Cryptocurrency investment has become one of the most diverse investment options. If you are a beginner and are looking to trade crypto, you might be stuck on where and how to start. A lot of investors dive straight in and purchase without fully understanding the market. This is where everything can get 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. On that note, let us have a look at the top 10 crypto demo accounts for trading in 2023. Keep reading!

1. Coinbase

With over 100 million users, Coinbase has emerged to become one of the leading public crypto platforms. It offers more than 170 cryptocurrencies to trade and also boasts a secure wallet to store your coins in. Here, you also get automatic staking rewards on 10+ cryptos through Coinbase Earn. You can trust this platform for you know it is transparent.

2. Swyftx

Swyftx, an Australian crypto exchange founded in 2018 has won the hearts of many. Its trading platform and app are suitable for people with all trading experiences. However, it is highly recommended for beginners. It is also known in the crypto market for low fees, great crypto trading tools and features, and helpful customer support.

3. eToro

eToro, a global financial brokerage and trading platform allow users to trade from a range of different markets including cryptocurrency, stocks, ETFs, Forex, commodities, and more. With over a decade of experience, the platform has immensely evolved to become the all-inclusive financial platform that it is today. It is just the right platform for people looking to analyze markets and conduct technical analysis but is not yet confident enough to invest their own money.

4. TradingView

TradingView is widely recognized as an advanced charting platform that boasts social-trading capabilities. This platform is used by millions of people across several markets including cryptocurrency, stocks, Forex, and more. In addition to monitoring the historical prices of assets, the users can perform technical analysis to identify trends and patterns to be able to predict future price movements on several assets. A point to note is that they have ‘paper trading’ which acts as a trading crypto demo account allowing you to execute simulated trades without risking your real money.

5. Plus500

Next up is Plus500 – one of the world’s top online Contract for Difference (CFD) trading platforms. Here, the users get to invest in financial products that follow the prices of assets like cryptocurrencies, stocks, and commodities. They have a demo account where you can trade CFDs of a range of assets. If you are a seasoned trader, you can also make the best use of this platform.

6. Binance

Binance is quite a familiar name in the cryptocurrency market for the fact that it is 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. With functions like changing leverage, placing stop-loss orders, and taking profits, you are going to learn a lot.

7. Bitmart

Bitmart, with over 2 million customers has a long list of features to take note of – right from trading, and staking to crypto lending, this platform has got it all. Users can use their demo account to build their trading confidence and practice trading strategies. The in-depth TradingView charts can be integrated with the interface to utilize a range of technical indicators to assist with your trading moves.

8. Phemex

Phemex is yet another global crypto trading platform with a wide range of trading options and features. The objective is to ‘empower everyone to trade simply and manage risk efficiently.’ Here, you can trade up to 140 cryptocurrencies with zero financial risk, allowing you to analyze trends and experiment with your trading strategy.

9. Bitsgap

With Bitsgap, you can manage multiple portfolios, access trading bots, and trade multiple digital assets all in one place. It comes with a demo mode where users can practice trading cryptocurrency using all the features available on the Bitsgap trading platform. Here, you can practice trading with multiple 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. Also, the beginner zone offers up rewards of up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.