Best exchanges to practice for free?

[The_honey_bager]

I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?

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[1714056822]

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[OmegaStarScream]

Binance doesn't have that feature implemented. You can try BitsGap. It's a platform that I came across a not long time ago, and it seems like they allow demo trading through 5 different exchanges (not sure which). You also have BitMex testnet which is another reputable exchange.

[romero121]

I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?

Apart from the exchanges suggested by an user, we've got HitBtc providing the service. One can learn and practice for free. This is truly a must feature with each and every exchange, because no one will be with cent percent knowledge about trading from the very beginning days into the cryptomarket or any other market through which any form of trading takes place.

[mediumrider]

I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?

Hey, I work at mushino. We have a welcome bonus where you can get $12 to practice with for free (no deposit required). This will allow you to open a $1200 position (using 100x leverage).

We also have a testnet version of the site where your account is automatically funded with 0.05 testnet BTC, 400 testnet USDT and 2 testnet ETH. You can use these to test out the trading.

I will be able to personally assist you in the chat (or through pm's here or on Telegram), should you have any questions.

[Harlot]

I don't know any reliable crypto exchanges here that can give you fake crypto to do mock trades but maybe a cryptocurrency portofolio management app like Blockfolio would be a good alternative for doing it. Since you'll just be creating your own mock portfolio of your trades you can easily copy your buy and sell records with it and the good thing about it is you can also mimic the fees and commissions exchanges have which will give you a more accurate reading on what your mock trades are. I know the fun in pushing orders won't be their but you are just here to study and do some trial and error with what you have learned which I think a portfolio management app can do for you plus you'll also learn how to manage you crypto well with it. 

[exstasie]

I'm not aware of any spot exchanges that offer demo trading. That's something you see more often on broker platforms.

You can demo trade BTC on eToro: https://content.etoro.com/lp/bitcoin/

Tradingview also has a paper trading panel, which you can use to achieve the same thing (although it doesn't account for liquidity and slippage): https://www.tradingview.com/wiki/Paper_Trading

You also have BitMex testnet which is another reputable exchange.

I highly recommend demoing the Bitmex testnet if you plan to trade leveraged derivatives. However, if you've never even traded spot BTC, I would start with something simpler like above.

[GreatArkansas]

Try Bitmex exchange, although this exchange is for leverage trading/margin trading where you can short the market(earn profits if price is falling) or long the market (normal trading- earn profits if pricing is increasing).
They have their testnet: https://testnet.bitmex.com/ (as what OmegaStarScream said above)
You can get free bitcoins balance there and trade by your own.
I already tried it and it is good, especially it will not affect your main account in Bitmex.

[LUCKMCFLY]

The majority of Exchanges have to do that type of practice, with fictitious money they give the opportunity to do it, in Bitfinex, with Bitmex, they are excellent exchanges that offer you that way to be able to test all your trading techniques, respecting the real movements of the market. In fact, it is always advisable that before operating with real money, it is operated on the platform to know and have reaction speed, as well as the multiple functionalities they have to offer.

[leowonderful]

Another leveraged derivatives exchange that provides a testnet for paper trading is Bybit (click for link), which is functionally and visually very similar to Bitmex except for a few details that become obvious as you use both sites. I'd still highly recommend using TradingView's paper trading function for beginners, though, as I find the general interface of TradingView to be simpler and easier-to-use compared to the clunkier interface that ByBit has.

[chaser15]

I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?

I think mostly you will found on the web as crypto trading simulators should be fine as long as no money was involved and the service should be free. The same system on this demo account will be the same once you put your trading in actual.

I suggest rather than finding a demo account, test the actual trades with a small amount and do it on Binance. The reasons is, demo account platform do have a different interface once you now decided to start on Binance. At least, while you are learning how trading should work, you are now slowly recognizing the Binance interface which will make it easier for you to navigate while you are progressing.

[TitanGEL]

Binance doesn't have that feature implemented. You can try BitsGap. It's a platform that I came across a not long time ago, and it seems like they allow demo trading through 5 different exchanges (not sure which). You also have BitMex testnet which is another reputable exchange.

In terms of practice trade I also using Bitmex. Before I use a newly learned tading setup in a real trade, I first trying it in bitsmex to see if it is suitable for me. The practice trading helps me to improve my trading psychology and also my proper risks and management. Before I open a account in a reputable exchanges, I practiced first in this reputable exchange and it takes me a month for me to master the basics.

[chip1994]

I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?

I still don't know what kind of deal you're talking about.  But for normal trading, exchange doesn't seem to support it.  because it is one of those transactions that is easy to understand.  As for margin trading, there seems to be a lot of support exchanges.  You can access and try demo accounts at Bitmex, Snapex, Bingbon.  There you can freely demo transactions with huge accounts.

[maydna]

I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?

I still don't know what kind of deal you're talking about.  But for normal trading, exchange doesn't seem to support it.  because it is one of those transactions that is easy to understand.  As for margin trading, there seems to be a lot of support exchanges.  You can access and try demo accounts at Bitmex, Snapex, Bingbon.  There you can freely demo transactions with huge accounts.

I suggest trying with Bitmex testnet to practice as many of us suggest the same website. I think that will better to him to practice his skills and he can improve from that trading before he enters the market with his money. Perhaps, he wants to know and learn about how to analyze the coin movement, how to analyze the chart.

But I don't suggest to try margin trading as he should have enough skills to trade. Margin trading will be more complicated than the usual trading at the exchanges because you use the money from the exchanges to trade. If you make a profit, then your profit will be bigger, but if you lose, your loss will be bigger too.

[Ucy]

You should try these crypto demo trading sites:
CoinMarketGame Simulator
https://coinmarketgame.com/

Niffler.co Learn Crypto Trading Simulated Crypto Traders
https://niffler.co/
.

Cpaytoday Exchange Simulator
https://www.cpaytoday.com/trialbitcoinexchange/

Those are the few I know. Been long I visited any of them... , so check them out to see what still works and doesn't.
There probably other Crypto demo trading sites out there. Try searching them via Google.

[davinchi]

You can implement what you learn on bitmex testnet to regular trading as well so it is not really a lost cause. If you open an account there, get the free money they give you and basically start trading there using all the information you learned (I hope you studied a bit or research how it is done) then you can basically just implement that to regular trading as well and would work.

I have never heard anyone who made a lot of money on testnet and started to lose on regular trading or a person who lost all the free money testnet gives but suddenly became rich on regular trading, if you are good at one of them then you are good at the other, if you are bad at one then you are bad at the other, it is just how it works or at least that is how it is in my mind.

[crackhawk]

https://testnet.bitmex.com/app/trade/XBTUSD

the best site i know for trial, you can use bitcoin testnet faucet to ge some testnet coin
https://coinfaucet.eu/en/btc-testnet/

[joniboini]

You can also try IQ Option. Their binary options suck but you can use their app to learn some basic technical trading with their demo mode. Not to mention it has a lot of choices from options, futures, to forex. But I don't suggest to use it to do your real trade.

[Apened]

I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?

The only exchange that i know is etoro that will let you practice using a demo account and for the Margin trading you can try Bitmextestnet.
for me the best way to practice is by reading the chart and watching the orderbooks but it will only in your mind or you can write down. what price you will going to entry and exit with that you are like having a practice but it would be always better to practice it with a live demo account. choose your own preferences.

[examplens]

each exchange is specific and has something unique to it. All big and reputed exchange have his own platform, it is not like on Forex where all broker house use MT4/MT5 platform. For example, that is mean if you practice using HitBTC, does not mean that you can use all your strategies on Binance.
Also, I am not sure did you ever try to use any demo trading platform, there is a difference between demo and real trading, and everything is in your head.

[fratoshi]

Tradeogre is good, you can try to get any of those twitter airdrops and send the coins there and do some test trades and have a glance of what trading crypto is,
Tradeogre has many cryptonote coins listed that their value is literary pennies.

I am not endorsing or promoting Tradeogre with my comment