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15 Best Crypto Demo Accounts For Trading in May 2024

Are you new to trading cryptocurrencies and looking for a way to practice without risking real money? A crypto demo account can be a great tool for beginners to learn about trading platforms, trading features, and strategies. 

This article will explore crypto demo accounts, how they work, and which crypto exchanges offer these risk-free accounts. Whether you’re interested in spot trading, futures trading, or trading bots, a demo account exists for you.

Methodology

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Top crypto demo accounts in 2024

1. BYDFI

Best for demo trading
Availability
E.U., MENA, and 100+
Cryptos
100+
2. Binance

2. Binance

Best for altcoin trading
Availability
E.U., MENA, APAC, SIC, and 100+
Cryptos
100+
3. Uphold

3. Uphold

Best for precious metals
Availability
U.S., U.K., & 4+
Cryptos
250+
4. Kraken

4. Kraken

Best for futures trading
Availability
U.S., U.K., & 100+
Cryptos
100+

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

5. OKX

5. OKX

Best for spot trading
Availability
E.U., MENA, APAC, & 100+
Cryptos
100+
6. 3Commas

6. 3Commas

Best for futures
Availability
E.U, MENA, APAC, SIC, and 100+
Cryptos
100+
7. Bitsgap

7. Bitsgap

Best for account management
Availability
190+ countries
Cryptos
500+
8. Bybit

8. Bybit

Best for margin trading
Availability
E.U., APAC, & 100+
Cryptos
100+
9. eToro

9. eToro

Best for copy trading
Availability
E.U., MENA, APAC, 100+
Cryptos
80

Disclaimer

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. BeInNews Academy is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

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

10. FXGT.com

10. FXGT.com

Best for forex
Availability
Global except U.S., EU & UK
Cryptos
19
11. Cryptohopper

11. Cryptohopper

Best for bot trading
Availability
E.U., MENA, APAC, 100+
Cryptos
100+
12. Margex

12. Margex

Best for deposit fees
Availbaility
E.U., MENA, and 100+
Cryptos
10
13. StormGain

13. StormGain

Best for high leverage
Availability
U.K. & 100+
Cryptos
6
14. TradingView

14. TradingView

Best for technical analysis
Availability
E.U., MENA, APAC, 100+
Cryptos
100+

15. *KuCoin

Best for derivatives trading
Availability
E.U. & 100+
Cryptos
100+

*In 2024, KuCoin is facing charges from the Department of Justice following allegations that the platform knowingly flouted AML rules in the U.S. The company’s legal woes have dramatically dropped its market share, with many concerned users withdrawing funds from the platform. For a detailed overview of the current situation, please check our explanation of KuCoin’s legal status. If you are considering alternatives to KuCoin, explore our recommended exchanges here.

Crypto demo accounts compared

PlatformAvailabilityCryptos
BinanceE.U., MENA, APAC, SIC, and 100+100+
FXGT.comGlobal except U.S., EU & UK19
UpholdU.S., U.K., & 4+
250+
KrakenU.S., U.K., & 100+100+
OKXE.U., MENA, APAC, & 100+100+
3CommasE.U>, MENA, APAC, SIC, and 100+100+
BybitE.U., APAC, & 100+100+
eToroE.U., MENA, APAC, 100+80
BYDFIE.U., MENA, and 100+100+
CryptohopperE.U., MENA, APAC, 100+100+
MargexE.U., MENA, and 100+10
StormGainU.K. & 100+
6
TradingView
E.U., MENA, APAC, 100+
100+
*KuCoinE.U. & 100+100+

What is a demo account?

Crypto demo account

Crypto demo accounts allow traders to practice trading cryptocurrencies without the risk of loss of actual funds. They’re ideal for novices who wish to learn the ropes of trading on the crypto market.

Demo accounts allow users to explore the platform, execute trades, and monitor market activity. They are funded with virtual money, which can be used to buy and sell various crypto like a real trading account.

Why do you need a demo account?

A crypto demo account offers traders a risk-free setting to practice and learn about trading. It enables them to familiarize themselves with the trading platform, execute trades in real-time without fear of actual financial loss, or learn what it takes to become successful at trading.

The second benefit of a crypto demo account is that it allows you to test trading strategies. Traders can test different approaches, assess their efficiency, and make necessary adjustments before investing actual funds into them.

“Simple question: How do athletes train? They first practice before going for a marathon or competition. Trading is the same. You need a high level of skill and discipline, which a demo account provides. It removes the emotional connection people have with money as they learn to trade. Often, these emotions influence FOMO and other emotions you would experience when trading with a live account.”


David Kemmerer, Co-Founder and CEO of CoinLedger: BeInCrypto

It goes without saying that a demo account can also help you gain confidence. It allows users to learn from their errors and hone their skills without fear of financial loss. At the same time, it allows any new trader to learn about the crypto market.

Jumpstart your trading journey

Starting to trade crypto can be intimidating, but options are available to help you develop your trading skills in a risk-free environment. By using a demo trading account or paper trading platform, you can simulate real-world trading with virtual funds and explore the various trading features offered by different exchanges and trading bots. 

Once you feel comfortable, you can start trading with real money on a reputable crypto exchange. Remember always to define a trading strategy with risk management rules that are repeatable and profitable before you start trading with real money. Additionally, consider using a low-fee crypto exchange to keep trading costs down.

Frequently asked questions

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