10 Best Crypto Demo Accounts

Hedge With Crypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for education purposes only. Hedge With Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.

Here's our shortlist of the most popular cryptocurrency demo accounts to practice trading:

1. eToro (best crypto demo platform)
2. Binance (best demo account for futures trading)
3. ByBit (best crypto testnet for paper trading)
4. Kraken (good crypto futures test account)
5. TradingView (best for price simulations)
6. Plus500 (crypto demo site for ease of use)
7. OKX (best crypto paper trading mode)
8. StormGain (best for demo trading with margin)
9. BitMart (great demo option for learning) 
10. Nominex (best for crypto demo tournaments)

Bitcoin Demo Accounts Compared

Crypto Demo Account	Virtual Funds	Trading Assets
eToro	$100,000	72
Binance	$3,000	233
ByBit	$50,000	355
Kraken	$50,000	10
TradingView	Unlimited	1,000+
Plus500	$50,000	19
OKX	Unlimited	366
StormGain	$50,000	17
BitMart	$50,000	90+
Nominex	$500	1,000+

Top Cryptocurrency Demo Accounts Reviewed

We have reviewed and assessed each website to demo trading crypto on important factors such as ease of use, number of crypto pairs, and available crypto trading tools. It's equally important to open a demo account with a reputable crypto exchange, 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. eToro

eToro is first on our list of the best demo accounts. It is a global financial brokerage that was established in 2007 and provides a 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 copy trading platform that allows investors to follow the most successful traders and copy-trade their positions. Note: eToro USA LLC does not offer CFDs, only real Crypto assets are available.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS:1769299) and is not FDIC or SIPC insured. Investing involves risk. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

New users on eToro can open a free $100,000 Practice Account to start trading cryptocurrency and other assets. 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 to understand how to trade crypto 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 pro 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. Moreover, eToro mobile trading app supports the demo trading account which enables users to monitor their positions, place orders and watch the market.

Read our full eToro crypto review.

2. Binance

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 and a negative.

Read our full Binance review.

3. ByBit

ByBit has become one of the best, if not the best crypto margin platforms in the market for traders. Backed with a feature-rich trading terminal, deep liquidity, and great support for spot and leveraged pairs, Bybit understands the need to practice without real funds and has introduced the Bybit testnet. Once the user is familiar with using the platform and has gained hands-on experience, they can migrate, 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.

The Bybit demo account 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.

Read our full ByBit review.

4. Kraken

Kraken, one of the leading crypto exchanges for trading spot, margin, and futures has opened a practice trading environment. The Kraken Futures demo platform enables traders to try out the futures exchange without using real money. Backed by industry-leading security infrastructure, Kraken presents a good option for those who are committed to staying with the exchange to trade spot and margin pairs.

Creating an account with the Kraken demo platform is different from the main exchange. The crypto account can be accessed at demo-futures.kraken.com and will require a separate login. The free demo wallet has $50,000 USD of virtual funds that can be transferred to the futures trading wallet for each contract type.

At the time of writing, Kraken's demo exchange supports 10 assets which include BTC, USDC, ETH, LTC, and fiat currencies such as USD, GBP, and EUR. Within the futures demo platform, Kraken offers 7 trading pairs which are quite limited compared to other crypto demo sites in this list.

The trading experience is straightforward and includes basic order types with the ability to set take-profit and stop-loss orders. While Kraken is a good place to demo trade crypto futures, it does have its cons. Demo funds need to be allocated to specific trading wallets for each trading pair so a bit of time and knowledge is required to do this. Moreover, while anyone can create an account with the crypto demo exchange, there are several restrictions and eligibility requirements to trade futures with real funds.

Read our complete Kraken review.

5. TradingView

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.

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.

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.

6. Plus500

Plus500 is one of the leading CFD providers 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. Traders will find the user interface on Plus500 to be simple and easy to use. The charting screen is intuitive, clean, and responsive and 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. Traders can quickly review the spread charges, leverage amount, set alerts, and enter a buy/sell position.

Overall, investors who 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.

Read our full Plus500 crypto review.

7. OKX

OKX is a reputable and high-volume crypto exchange that features a variety of markets to trade. These include spot, margin, and futures contracts. One of the best aspects of OKX is the modern and easy-to-use trading terminal and the diverse range of trading pairs, which exceeded 826 at the time of writing. OKX has recently introduced a crypto paper account or simulated trading environment that allows users to practice trading cryptocurrencies without using real money.

Unlike the Binance and ByBit testnet, the simulated environment on OKX mimics real-world market conditions. This means traders can practice and develop their day-trading strategies within the demo mode using real prices. This gives the added benefit of experiencing and trading with the volatility of the crypto market without making any losses.

The paper trading account on OKX can be switched from within the main trading platform. The full range of supported markets and trading pairs are available on the OKX demo platform. In addition, OKX has crypto leverage trading where individuals can practice futures, perpetual, and options trading from the demo account. This is a pro to other demo accounts in this list.

Read the full review on OKX.

8. StormGain

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. Users 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.

Overall, StormGain is one of the best places to demo trade crypto with margin. The futuristic user interface and trading charts are some of the best we have seen that will suit traders.

Read the full review on StormGain.

9. BitMart

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 users 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 who 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 

Read our full Bitmart review.

10. Nominex

Nominex is a new cryptocurrency exchange that features a straightforward and elegant user interface. New users will not need to complete a KYC verification process to begin demo trading. Combined with its demo tournaments, it's a good option for individuals to practice their skills risk-free.

Nominex.io offers a free crypto trading and educational course that comprises 10 modules aimed to help new traders 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. Users 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.

Advantages 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:

• Become familiar with the trading platform. With more than 238 exchanges for trading crypto on the market at the time of writing, opening an account and trading without risk is a good way to become familiar with the user interface and trading tools to analyze the markets and place orders.
• Risk-free trading. The crypto markets are extremely volatile and losses can occur. Using a demo account can be a great way to learn how to trade and gain experience without losing any money. Once you're more experienced, you can then fund an account to buy crypto to then trade it.
• Develop a crypto strategy. Newer and experienced traders can use a demo website to backtest a trading strategy. The simulated environment can be used to test and improve strategies to ensure they are profitable before trading on the real market.
• Understand using the different order types. The method of placing an order is an integral part of any strategy. A simulated trading platform can be a useful way to experiment with order types to enter, manage and exit a trade.
• Improve confidence. Crypto trading involves significant risk and requires a certain skill set and confidence to execute a strategy over and over. Demo platforms can build the confidence of an aspiring crypto trader before moving to real funds.
• Test out crypto trading bots. Several crypto platforms offer automated trading via bots. However, they are not guaranteed to make profits. A crypto demo account can be used to determine the profitability of crypto bots.

How To Demo Trade Cryptocurrency

One of the best ways to learn to trade is to register a crypto demo account. Using a demo account is similar to using real funds. To get started, follow these simple steps:

1. Register for a crypto demo provider such as eToro
2. Activate demo trading and select a crypto pair to trade
3. Place an order using the buy and sell buttons
4. Monitor the trade in the position window
5. Close the trade at the desired price level

Frequently Asked Questions