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Compare 9 best crypto demo accounts for trading in 2023

Demo trading accounts let you practice your skills without risking any of your own money. Our experts have reviewed the best crypto demo accounts to help you choose the right one.

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Updated: Sep 7, 2023

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Many of the best crypto exchanges offer a free demo account so you can sharpen your trading skills while using virtual funds. Our cryptocurrency experts have tested, reviewed, and ranked the best crypto demo accounts and you can find the top options on this page.

The 9 best cryptocurrency demo accounts 2023

eToro: Best for beginners, copy-trading & demo-account
Public: Best for sharing beginner trading ideas
Uphold: Best for building long term wealth
OKX: Best for futures and margin trading
Nexo: Best for earning interest & rewards
KuCoin: Best social trading altcoin exchange

What are the best crypto practice trading accounts?

You can find out top rated crypto paper trading accounts below. These trading platforms all offer free demo accounts and you can register in just a few minutes. Click on any of the links to get started or keep scrolling to learn more about each exchange.

Top 9 crypto demo trading accounts reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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1500

No. assets

$10

Minimum deposit

Crypto

Platform type

Pros & Cons

Great for beginners, simple to set up and get started Zero commission stock trading Popular ‘CopyTrader’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Visit eToro eToro Review

77% of retail CFD accounts lose money.

2. Public. Best for sharing beginner trading ideas

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...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments

You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.

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3. Uphold. Best for building long term wealth

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...

No. assets

Minimum deposit

Crypto

Platform type

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD.

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

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4. OKX. Best for futures and margin trading

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...

No. assets

$50

Minimum deposit

Crypto

Platform type

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods

Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Visit OKX OKX Review

5. Nexo. Best for earning interest & rewards

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...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Offers excellent rates of interest on crypto and fiat savings Nexo debit card makes it easy to access and spend your funds Access crypto loans and collateral Equipped with top quality security infrastructure and insured

No anonymous option, your identity must be verified to place buy and sell orders Margins calls if the value of your collateral drops between a certain level

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest.

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee.

Visit Nexo Nexo Review

6. KuCoin. Best social trading altcoin exchange

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No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees

Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.

KuCoin’s beginner zone offers up rewards 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.

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Visit KuCoin KuCoin Review

What is a crypto demo account?

A crypto demo account is a simulated platform that lets you trade with virtual funds. It simulates real market conditions so that you can practice crypto trading without putting any real money at risk.

Crypto paper trading accounts come with a virtual balance that can be used to buy and sell different cryptocurrencies. A demo crypto trading account is a helpful tool for beginners who want to learn how to trade crypto in a risk-free environment. Experienced traders can also use a Bitcoin demo trading platform to test new strategies.

Why do you need to use demo accounts for crypto trading?

There are lots of reasons you may want to use a paper trading crypto account. Not only do they offer a risk free environment for learning, but they offer several other benefits, some of which we’ve explained below.

Practice trading strategies without financial risk. Demo accounts allow you to test out your trading methods and find strategies that work for you before risking real capital. This gives you room to learn from mistakes without using a live trading account.
Become familiar with the markets. Trading demo crypto allows you to understand market movements, volatility, and technical analysis without putting skin in the game. Crypto markets are highly volatile, especially compared to traditional asset classes, so it’s always a good idea to practice trading in simulation mode.
Master a trading platform. Demo accounts let you learn the interfaces and features of exchanges and trading apps. You can gain confidence in navigating the platforms before trading with real money. Platforms like TradingView are very popular with retail crypto traders and comes with a free demo account.
Control emotions. You can practice maintaining composure and sticking to trading plans during demo trading. Developing discipline early is key to eventual success with live trading. This is especially important in the crypto industry, which is notoriously volatile.
Build experience. There is no better way to gain experience analysing charts, executing orders, and day trading than putting in time with a demo account. Starting to trade crypto can have a steep learning curve and paper trading is the safest way to learn.

Test strategies. The best traders continually backtest their strategies. Demo accounts provide a good testing environment before deploying systems with real money. Many of the best crypto demo accounts also offer backtesting software within their platforms.

How to use a cryptocurrency demo account?

Virtual cryptocurrency trading accounts are easy to set up and use. Follow the steps in the guide below to get started with a crypto demo trading platform.

Step 1. Choose a virtual crypto trading account

First, choose a crypto trading platform that offers a demo account. We recommend a secure, reliable exchange, such as eToro

Step 2. Create an account

Follow the onscreen registration process to create your demo crypto trading account. This usually involves providing your name, email, address and setting a password.

Step 3. Verify and activate your account

Many crypto exchanges require you to verify your account by clicking a link sent to your email. You may also have to verify your identity, so have a photo ID like a passport or driving licence to hand.

Step 4. Turn on virtual crypto trading

Go to your account settings and flick the switch that allows you to enter demo mode and trade with virtual money. This is usually just an on/off or real/virtual button. You can flick between a real and a virtual crypto trading account.

Step 5. Choose your crypto and place your trade

Once you’ve got to grips with the platform basics, you can select which market you want to trade. The best crypto trading demo accounts have all the big coins like Bitcoin, Ethereum, and Dogecoin.

Place your first trade by selecting the cryptocurrency you want to buy or sell and entering the amount you want to trade. You may also have to specify the price and order type.

Step 6. Monitor and review your trades

Keep track of your open trades and analyse their performance through your virtual portfolio screen. You can use the Bitcoin demo account charting tools to help with your market analysis.

You can also review your trading history to see which trades were profitable and which were not. This will help you identify patterns in your trading strategy.

Step 7. Practice different strategies

As you’re using virtual funds, try trading crypto with different strategies and techniques to see which works best for you. You can experiment with different options to see how they affect your trades.

If you’re successful, it may be time to move to a live account.

How should I choose a demo crypto trading account?

The most important feature to look out for a is a realistic trading experience. To get the most useful feedback and experience from your crypto trading practice, it’s vital that you can buy and sell digital assets in live market conditions.

There are several other features to consider when choosing a virtual cryptocurrency trading account. Use the list below to help you make a decision about what’s best for you.

Reputation. Look at online reviews and feedback from other traders to ensure that the Bitcoin demo trading platform you go with has a good reputation in the cryptocurrency industry. You can use many independent review sites to find reliable information.
User interface. When you’re just starting, you want to ensure that your platform has an easy-to-navigate interface. Even if you’re an experienced trader, an easy-to-use interface will make your demo trading much more productive.
Support. Look for a platform that has good customer service. The easiest way you can find out is by contacting support staff by email or live chat before registering your account. This way, you’ll know how well they respond before joining.
Available coins. Use a practice crypto trading account that has a good selection of cryptocurrencies available to trade. This will allow you to experiment with different assets in a simulated trading environment. You can learn how each token’s price moves and how the market reacts to various events. All of this is crucial information to learn before you start trading for real.
Trading tools. The best demo crypto trading accounts have lots of charting and analysis tools. Take the time to use as many as you can to find what works for you. Advanced trading tools and features can help you analyse the crypto market and make informed trading decisions.

Should I use a crypto practice trading account?

Yes, virtual cryptocurrency trading accounts are an excellent way to practice your trading skills and are suitable for both beginners and experienced users. A Bitcoin demo account lets you experiment with different trading strategies and techniques, try out other coins, and get a feel for how the market works, all in a risk-free environment.

Demo crypto trading platforms can also help you familiarise yourself with a new platform’s features, tools, and interface before committing real funds. Trading in a simulated market environment is the easiest way to improve your skills, practice new techniques, and learn what works for you.

Get started with a crypto demo account now

What are the risks of using a virtual crypto trading account?

Overconfidence is the biggest risk many users face when using a crypto trading demo account. When trading with virtual funds, it is very difficult to replicate the emotional aspect of trading, which can lead to some traders falling into the trap of thinking it’s easy when they move to a real trading account.

Here are some benefits and risks of using a crypto demo account.

Pros

Practice with virtual funds, without risking real money
Learn crypto trading, test new strategies, compare different trading techniques
Learn how to use a new crypto platform
Large choice of coins available

Cons

Success using a crypto demo account can lead to overconfidence

What are the fees for using a virtual cryptocurrency trading account?

Using a Bitcoin demo trading account is free and you will not be required to pay any fees. All the best crypto exchanges offering practice accounts do so without charge. Many are limited to a certain amount of time so your demo crypto trading account may expire after a few months, but you can always open a new one with a different email address.

Methodology: How did we choose the best demo crypto accounts?

Helping people make better financial decisions is at the heart of our mission at Invezz.

We periodically test more than 48 cryptocurrency platforms to provide our users with clear, accessible guidance on the demo accounts available. All testing is carried out by our panel of crypto experts, analysts, and active traders who sign up to each exchange, conduct research, and score each service.

Our tests are designed to find crypto exchange platforms that offer demo account, alongside a beginner-friendly, secure trading experience at a fair price. To supplement our practical testing and experience, we research each exchange to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each crypto exchange is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual crypto brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.