Last Updated: 15 February 2024
In the table below, you can see all of the brokers who provide a bitcoin trading demo account at a glance. Sign up and practise Bitcoin trading with fictitious money. When you’re ready, trade with real money or your genuine Bitcoin.
Without Using Real Money, You Can Trade in Demo Mode
For newcomers, several Bitcoin Robot trading sites include Demo Mode – or a Demo Account, which is essentially the same thing. Trading using fake money allows you to learn how to utilise the platform and become more comfortable with it.
You are ready to trade with your actual Bitcoin if you feel confident because you are experienced with putting orders and how the system reacts and executes those orders.
Top 3 Bitcoin Robots
2. Bitcoin Era
3. Bitcoin Evolution
Why Is It So Important To Trade Bitcoin?
It’s crucial to practise trading at first, because good trading is a talent that develops over time and experience. It’s comparable to driving a car. To get acquainted to the system, you must first understand some theory and then practise it by driving frequently for a short period of time.
When you’ve never driven before, you can’t just step into a sport car and start driving rapidly to anywhere you want to go. The chances of causing an accident would be extremely high. It’s the same with trading: you can’t just start and make money all the time.
Most likely, the reverse will occur: you will soon lose all of your funds. So make sure you grasp the fundamentals and use demo accounts or trade in demo mode.
Veterans Can Benefit From Demo Accounts As Well
Even if you are a seasoned pro, it is still a good idea to try out a new platform’s demo mode first. Just to double-check that the order types work as expected.
It is possible that the functionality of different platforms’ order types differs slightly, and you can make a mistake by expecting one thing and getting something else instead.
You can also learn the fundamentals of trading by practising on investopia.com’s stock market simulator.
If you plan to trade Bitcoin on margin, however, you should start by learning how to trade on BitQT platform.