Learning cryptocurrency is exciting, but if you don’t know what you’re doing then it becomes a set full of very expensive lessons. Using a crypto demo trading account can be a great way to learn the ropes without losing your shirt.
While trading on your own with an exchange can be scary for first time users, Bitsgap makes this interaction more friendly. By registering a free account you can use the cryptocurrency demo trading platform to learn how to make profitable trades in the real-time simulated environment.
Cryptocurrency newbies need a tool to help them understand how the market works. Even if you’re a seasoned investor from traditional finance market, crypto exchanges are another animal completely, and you could be caught off guard if you’re not careful.
How does Bitsgap’s demo tool work?
Bitsgap’s crypto trading demo account works by replicating the existing order book from real exchanges! This provides some distinct advantages because it allows you to use the exact same interface for real trades you would use on your real account. That means there’s no need to re-learn things before using real funds, and your trading speed won’t suffer.
Looking at retroactive charts often leads many new technical analysis learners to a disaster, but practicing on a live chart gives you almost instantaneous feedback. Easily see where you went wrong. So when you’re ready to trade for real, one click will swap you to your live account!
What should I do when demo trading for the first time?
The first thing you’ll want to pay attention to, of course, is that you’re actually in demo mode! There will be a big blue button at the top of your account screen that says ‘DEMO’ if you are in proper mode. By clicking the downward arrow next to it you can swap to LIVE at any time.
As a new demo account user you’ll want to take this opportunity to see how Bitcoin and other cryptocurrencies really behave in a live market. Try to identify and follow patterns, and place trades to practice your absolute trading strategy.
You’ll also want to take the time to learn how the platform works. Speed is important, and part of your practice is making sure to know where everything is in place when you need to perform an action quickly.
Don’t forget to play around with Bitsgap’s technical analysis tools! Our drawing tools allow you to plot trend lines and use other most popular cryptocurrency indicators. These can be instrumental to your success, and Bitsgap offers you a unique opportunity to use them on live charts. While there’s a lot to be learned when you first time step into crypto trading, Bitsgap makes that barrier to entry just a little bit lower.
The Bitsgap advantage
Bitsgap’s cryptocurrency trading simulator offers traders a number of advantages that are absent on other platforms. Our demo tool allows you to have real-time access to 25+ crypto exchanges so you can practice your strategies with real order books.
It uses a real trading interface for you to learn, and you can even add your favorite technical analysis tools on any chart! This feature makes learning on Bitsgap far superior for learning on any supported exchange.
Many exchange platforms don’t even have a demo feature that you can use to practice, and that means you’re on your own from day one. That’s not the case with Bitsgap, not only is our tool here to support you but we also frequently publish guides on our blog!
- Demo trade on 25+ cryptocurrency exchanges.
- Use our expert technical analysis indicators and drawing tools.
- Learn using a REAL trading interface.
- Adjust your strategy using our smart orders.
- Receive help from the Bitsgap blog to learn new skills.
Interested in learning to trade with Bitsgap? You can get a free demo tool to hone your skills by signing up for an account. Give your trading strategy the education that it deserves without risking your bankroll.