Bitcoin trading demo account – how to start

Trading bitcoin can be quite risky when one does not have a lot of experience with the cryptocurrency market. Luckily, there is a way how to try bitcoin trading without taking any risks whatsoever. A bitcoin trading demo account is intended for this very purpose. A practice version can be created free of charge and any beginner, as well as any advanced trader, can experiment and test bitcoin trading. Although trading with imaginary funds can’t simulate the psychological pressure of having your real money at stake, a demo account is still by far the best way to learn and understand the bitcoin market.

Bitcoin trading – where to open a free demo account

A free demo account for bitcoin trading is offered by dozens of CFD brokers. These companies greatly differ and one should choose a company featuring low fees for bitcoin trading and minimum deposit requirements in accordance with your financial situation. If you want to trade other cryptocurrencies aside from bitcoin as well, verify that the broker you consider choosing offers those. We have selected for you 3 industry’s leading bitcoin brokers that are regulated by the European regulator CySEC or/and by the British FCA where no initial deposit is required to open a test account.

More information can be found within a separate review of each company. Do not forget to leave a comment under a company you select to trade with for other readers and traders visiting our website.

How to open a practice account for bitcoin investing

Creating a demo account for bitcoin trading is very simple. Just select a company that offers demo account type for free. All brokers listed above support demo trading, but there are also many other companies featuring this type of service. However, unlike IQ Option, Plus500, or Markets, they might have higher fees or lack regulation and support of millions of traders. To establish a demo account, only your name and an email address are usually required. Out of the brokers listed, IQ Option also offers to replenish your funds in case you lose them while trading using a practice account. Plus500, as well as Markets, do not offer this option. A new account can be, however, created at any time.

Bitcoin trading – purpose of a demo account

It is a great feeling not having to worry about losing your funds while trading cryptocurrencies. Nevertheless, a demo account for bitcoin or any other cryptocurrency should not serve only to learn how trades can be carried out, but also to:

  • Understand how bitcoin market behaves – price fluctuations
  • Test selected company and all its tools
  • Test bitcoin strategies and techniques that you plan to use when trading with real money
Bitcoin trading demo account – how to start
4 (80%) 1 vote
Author: Michael
Hi, I'm Michael and my area of expertise is forex and binary options trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.

Leave a Reply

Broker of the month
July 2018
1 IQOption

Visit nowReview
Top 5 Crypto brokers
1 Plus500

Visit nowReview
2 IQ Option

Visit nowReview
3 alvexo

Visit now
4 Markets

Visit nowReview
5 BDSwiss

Visit nowReview

Treat failure as a lesson on how not to approach achieving a goal, and then use that learning to improve your chances of success when you try again. Failure is only the end if you decide to stop.

Richard Branson
British billionaire and bitcoin proponent, Virgin Galactic