5 Best Crypto Demo Accounts in 2024

What Is a Crypto Demo Account?

A crypto demo account is a demo version of a broker or exchange that lets you trade with virtual funds. They tend to simulate real market conditions and have the same layout and features as the actual trading platform.

This makes demo accounts a great way for those who are new to crypto trading to build some experience without risking any capital. They’re also useful for more experienced traders who want to test out new strategies and those who simply want to get comfortable with using a new platform.

How to Use a Crypto Demo Account

You can follow this simple guide to get started with a crypto demo account.

1. Choose a crypto demo account

Find a platform that provides all the features you want. The safest option is a secure and regulated platform, such as our top recommendation, which you can sign up for using the link below.

2. Create an account

Fill in the registration form to create an account. You will need to provide a photo ID and/or proof of address to verify your account. If you wish to make a deposit at this point, you can do so on the deposit page.

3. Start virtual trading

Switch to the demo version of the platform (eg by selecting “Virtual Portfolio” from the menu under your username on eToro). You can now make trades with the virtual funds in your demo account.

How to Choose a Crypto Demo Account

There are lots of things to consider when choosing the right demo account. Here are details about some of the most important factors.

• Features – Think about what kind of trading activities you’d like to try out in demo mode. Some demo accounts will have all the same features as the real platform, while others will only let you demo select activities.

• Strategies – If you have particular strategies you want to test out, check whether this will be possible in the demo version. This could mean checking whether certain order types are available or checking for compatibility with robots.

• Fees – Check whether there will be any fees for opening an account. You won’t have to pay commission or trading fees for demo trading, but if you want to move on to real trading at some point, it’s worth finding out how much these will be.

• Security – Find a demo account that will keep your personal information safe. If you switch to real trading, you will want a platform that will also keep your funds secure. Things to look for include 2-factor authentication and cold storage.

• User experience – A good platform is clearly laid out and easy to navigate. However, using a demo account will give you an opportunity to get comfortable with using the platform before trading for real.

• Coins available – Check which coins are available for trading on a platform before signing up. It’s also worth finding out whether the demo version offers all the same coins as the real platform or just a limited selection.

• Customer support – If you run into problems with your demo account, customer support can be helpful. Support offered may include web chat, phone, or email support.

Final Thoughts

Demo accounts are a great place for risk-free experimentation—whether you’re an experienced trader testing out a new strategy or a newbie just starting out on your crypto journey.

The different demo accounts available vary greatly in the assets, trading activities, features, and order types that they offer, but this guide should help you find the demo account that’s best for you.