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What are some recommended platforms for paper trading cryptocurrencies?

avatarKalkiDec 26, 2021 · 3 years ago4 answers

Can you recommend some platforms that are suitable for paper trading cryptocurrencies? I'm looking for platforms that offer a realistic trading experience without the risk of using real money. It would be great if the platforms also provide historical data and analysis tools to help me improve my trading skills. What are your suggestions?

What are some recommended platforms for paper trading cryptocurrencies?

4 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! One platform that I highly recommend for paper trading cryptocurrencies is TradingView. It offers a wide range of technical analysis tools and allows you to simulate trades using historical data. It's a great way to practice your trading strategies without risking real money. Give it a try!
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for a more beginner-friendly platform, I suggest trying out eToro. It not only offers paper trading for cryptocurrencies but also for stocks, forex, and more. It has a user-friendly interface and provides a social trading feature where you can learn from and copy successful traders. It's a great platform to start your trading journey.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi is another platform that you can consider for paper trading cryptocurrencies. It offers a realistic trading experience with real-time market data and a wide range of cryptocurrencies to choose from. You can test your trading strategies and improve your skills without the risk of losing real money. Give it a try and see how it works for you!
  • avatarDec 26, 2021 · 3 years ago
    If you prefer a more advanced platform, you might want to check out BitMEX. It's known for its advanced trading features and high liquidity. While it doesn't offer paper trading specifically, you can use their testnet feature to simulate trades without using real money. It's a great option for experienced traders who want to test their strategies before implementing them.