The post 4 Best Crypto Paper Trading Apps & Simulators
Looking for a Crypto paper trading simulator?
Well, you have found the right place to discover the best crypto paper trading apps. In fact, let me welcome you to the world of crypto trading, and congratulations as you are looking in the right direction.
Trading is nothing but just another skill, that you could master it by practicing. Rather than risking your real money, you can take advantage of paper trading account.
By practicing first using a paper trading account, you will be able to mitigate the risks of losing real money, and also build your strategies for trading.
With a paper trading account, you can trade without owning any cryptocurrencies or even without having an exchange account.
Unlike traditional market, paper trading simulator apps in Cryptos are more powerful, and will give you a feel of real trading. My mentor usually recommends me to have atleast 100 trade, before putting in real money.
Anyhoo! here are some of the best Crypto paper trading tools that you can use today. Most of them are free, so enjoy.
TradingView is perhaps the #1 charting tool available, and it has recently launched a crypto paper trading feature. Their paper trading tool can be accessed directly from the charting panel, and currently, it works only for Crypto: fiat pair. (Ex: BTC: USD)
If you looking to paper trade using Crypto: Crypto pair (Ex: BTC:USDT, BTC:ETH), you will have to look at other alternatives listed below.
Here is a quick video that shows you how to enable the paper trading feature of Tradingview:
TradingView offers both free and paid account, and trading simulation feature is available for free account as well.
Create Free account on TradingView
This one is a little advanced, but if you are feeling too energetic today, you could try this. Cryptohopper is a crypto-trading bot, and they let you create a paper trading account, to test their bots. This is not as simple as Tradingview or other simulators listed below, but if you feel like learning to use a trading bot, well this is your chance.
With the free plan, you could access the majority of their trading bots, and paper trading account.
Paper trading on Cryptohopper is exactly the same as regular trading except that it connects to public data, not your own exchange account. You can deposit up to 100k of any cryptocurrency that you want and experiment away with this free simulator.
The best part about the paper trading on Cryptohopper is, the data is real-time as if your experience will be no different than trading on a real exchange. (See a list of best crypto exchanges here).
Create Cryptohopper account
eToro is a popular name in social trading, which offers various kinds of trading including commodity, currency, crypto to name a few. What a lot of users are not aware of, that eToro also offers trading simulation account, which you can use to practice trading.
Also, you can use this virtual money to test the social trading feature of eToro. It is one of the easiest ways to start trading, even if you are not a trader.
Get a Free $100,000 Practice Account
Cryptoparrot is another platform that offers paper trading features. The platform looks newbie-friendly, but it lacks some features such as charts, and the trading engine is basic. It is good for having fun, but if you really looking to simulate the crypto trading experience, you need a platform, which gives real like experience.
Anyhoo, the above 4 platforms are pretty solid cryptocurrency trading simulators apps. My favorite is definitely Tradingview, and eToro, as this is something you will be using all the time, as you graduate to the next level.
These are some of the best working paper trading apps that you can use to simulate Bitcoin trading or any other crypto trading. I do expect Tradingview to add Crypto to crypto pair for simulated trading in days to come.
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