Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection
Well, you have found the right place to discover the best crypto paper trading apps. In fact, let me welcome you to the world of crypto trading, and congratulations as you are looking in the right direction.
Trading is nothing but just another skill, that you could master it by practicing. Rather than risking your real money, you can take advantage of paper trading account.
By practicing first using a paper trading account, you will be able to mitigate the risks of losing real money, and also build your strategies for trading.
With a paper trading account, you can trade without owning any cryptocurrencies or even without having an exchange account.
Unlike traditional market, paper trading simulator apps in Cryptos are more powerful, and will give you a feel of real trading. My mentor usually recommends me to have atleast 100 trade, before putting in real money.
Anyhoo! here are some of the best Crypto paper trading tools that you can use today. Most of them are free, so enjoy.
1. Bitsgap Demo account
Bitsgap is a popular trading terminal and automated trading tool, that let you trade on multiple exchanges from the comfort of single app. Bitsgap offers a completely free demo account with a balance of 1 BTC and 1000 USDT (Paper money).
Using this demo account, you can trade on any supported exchanges via Bitsgap interface. Bitsgap offer many smart trading tools such as trailing take profits, conditional stop limit and many more.
You can also run an automated grid bot using this demo account to test automated trading. Overall, if you are looking for a single suggestion for a crypto paper trading app, Bitsgap should be your first choice. You can read a detailed review of Bitsgap here.
Create Free Demo account on Bitsgap
2. TradingView Simulator
TradingView is perhaps the #1 charting tool available, and it has recently launched a crypto paper trading feature. Their paper trading tool can be accessed directly from the charting panel, and currently, it works only for Crypto: fiat pair. (Ex: BTC: USD)
If you looking to paper trade using Crypto: Crypto pair (Ex: BTC:USDT, BTC:ETH), you will have to look at other alternatives listed below.
Here is a quick video that shows you how to enable the paper trading feature of Tradingview:
TradingView offers both free and paid account, and trading simulation feature is available for free account as well.
Create Free Account on TradingView
3. Cryptohopper Paper Trading
This one is a little advanced, but if you are feeling too energetic today, you could try this. Cryptohopper is a crypto-trading bot, and they let you create a paper trading account, to test their bots. This is not as simple as Tradingview or other simulators listed below, but if you feel like learning to use a trading bot, well this is your chance.
With the free plan, you could access the majority of their trading bots, and paper trading account.
Paper trading on Cryptohopper is exactly the same as regular trading except that it connects to public data, not your own exchange account. You can deposit up to 100k of any cryptocurrency that you want and experiment away with this free simulator.
The best part about the paper trading on Cryptohopper is, the data is real-time as if your experience will be no different than trading on a real exchange. (See a list of best crypto exchanges here).
Create Cryptohopper Account
4. eToro Virtual Portfolio account
eToro is a popular name in social trading, which offers various kinds of trading including commodity, currency, crypto to name a few. What a lot of users are not aware of, that eToro also offers a trading simulation account, which you can use to practice trading. Only real Cryptoassets available for US users, eToro USA LLC does not offer CFDs.
Also, you can use this virtual money to test the social trading feature of eToro. It is one of the easiest ways to start trading, even if you are not a trader.
Get a Free $100,000 Practice Account
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
Anyhow, the above 4 platforms are pretty solid cryptocurrency trading simulators apps. My favourite is definitely Bitsgap and eToro, as this is something you will be using all the time, as you graduate to the next level.
Over to you: Best Crypto paper trading Apps
These are some of the best working paper trading apps that you can use to simulate Bitcoin trading or any other crypto trading. I do expect Tradingview to add Crypto to crypto pair for simulated trading in days to come.
Before you move to reading some other guide on CoinSutra, I would like you answer a few questions:
Why are you using Crypto paper trading app?
Have you found any other good crypto simulator app?
Let me know your answers in the comment section below. If you find this resource useful, do consider sharing it on your social network.
Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine
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