Best Demo Accounts for Crypto Trading

Kraken offers a demo environment for its derivatives exchange, allowing users to do a trial without risking real funds. This feature is particularly beneficial for those new to crypto derivatives or experienced traders looking to test their skills in a risk-free setting.

Being one of the best crypto demo trading platforms for beginners, it provides access to various financial instruments and multi-collateral contracts. Users can manage positions using a variety of collateral types, offering flexibility in trading and risk management.

Kraken also offers leverage, enabling you to practice increasing your buying or selling power, which is essential for testing margin strategies. Features like isolated and cross-margin modes allow users to manage risk effectively by limiting downside per contract or utilizing collateral across positions.

To get started, set up a test account on Kraken Derivatives. This process is straightforward, and once you complete it, it will grant access to the demo environment, where you can familiarize yourself with the platform's functionalities and refine trading strategies.

This CEX's trade simulation stands out as one of the best demo accounts for crypto trading, offering a comprehensive and user-friendly platform for both novice and seasoned traders to hone their skills in derivatives trading.

📚 Read More: A Guide to Kraken's Futures Trading

Coinbase is one of the most well-known and user-friendly cryptocurrency exchanges globally, especially popular in the United States. Founded in 2012 and headquartered in San Francisco, it has grown into a publicly traded company (NASDAQ: COIN), which adds to its credibility and transparency. Coinbase is often the first choice for beginners due to its simple interface and straightforward buying process.

As of 2025, Coinbase supports over 290 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and a wide range of altcoins. It caters to different user levels through two platforms:

• Coinbase (Standard Platform): Focused on beginners, offering easy buying, selling, and holding of crypto.
• Coinbase Advanced (formerly Coinbase Pro): Designed for more experienced traders, providing advanced charting tools, lower fees, and a range of order types.

Coinbase places a strong emphasis on security to protect user funds and data. It secures approximately 98% of customer assets in cold storage, keeping them offline and away from potential hackers. Additionally, two-factor authentication (2FA) is required for account access, adding an extra layer of protection.

For US-based customers, USD balances are FDIC-insured up to $250,000, providing a safety net in case of platform issues. Sensitive user data is safeguarded through encryption protocols, ensuring that personal and financial information remains private. Coinbase also runs a bug bounty program, encouraging security researchers to report vulnerabilities, which helps maintain the platform’s robust defense systems.

BYDFi is another noteworthy CEX offering a comprehensive cryptocurrency demo trading platform for practice. With this account, new and experienced traders can refine strategies using virtual funds worth 100,000 USDT.

The platform is designed to provide a realistic experience, as the interface and market conditions mirror those in the live environment, helping you understand real-time dynamics without using real money.

The demo crypto trading feature is accessible through the derivatives drop-down menu, offering a seamless transition between the simulation and live scenarios. It supports perpetual contracts on select pairs, including:

• Coin-M (SBTC and SETH);
• USDT-M (SBTC, SETH, SXRP, SLTC, SSOL, and SDOGE).

While it does not yet offer sub-wallet and add-margin functionalities, all other features are identical to the live version, allowing you to experience the full range of tools available on BYDFi.

For those who want to practice on the go with some of the best crypto demo trading apps on the market, the BYDfi mobile platform has your back. Available on iOS and Android, it not only offers the full range of desktop features but also gives access to all-in-one tools in a centralized place.

The design of the app’s interface is intuitive, clean, and easy to follow. Similar to the desktop terminal, you can find the mock account under the [Derivatives] tab located in the middle of the bottom menu. From there, click the three dots and select [Demo Trading].

Overall, the practice account provides useful guidance on essential concepts, including fund deposits, leverage, order placement, and long or short positions.

Additionally, BYDFi’s trial account includes different margin positions, such as isolated and cross-margin, ensuring that users gain a solid foundation in risk management and leverage adjustments before engaging in the actual situation.

However, despite its robust educational features, some user reviews find the trading charts complex. Therefore, it is advisable to learn more about perpetual trading before fully utilizing the demo simulation to get the most out of the learning experience.

OKX provides an extensive demo trading feature, making it an excellent choice for both beginner and experienced traders who want to practice trading strategies without financial risk. With a user-friendly interface and access to multiple trading types, its demo mode offers a real-market experience using virtual assets such as USDT, BTC, OKB, and more.

The CEX supports a wide range of assets, allowing users to simulate spot, margin, futures, and options trading. Unlike live trading, these virtual assets have no real-world value, but they allow traders to test strategies, analyze market movements, and refine their approach in a risk-free environment.

Spot trading in the simulation mode replicates the process of instantly buying or selling cryptocurrency, giving traders hands-on experience in market execution. Meanwhile, futures trading allows users to practice entering contracts to buy or sell assets at a predetermined price and date, helping them understand leverage and risk management.

What I like about this cryptocurrency demo trading platform is how it also allows institutional traders to practice. OKX’s Request for Quotes (RFQ) feature is available in the said account for this purpose.

This function automates trading requests, allowing users to submit anonymous RFQs and receive two-way quotes, build custom multi-leg strategies such as futures spreads and carry trades, and view real-time quotes on the RFQ board to ensure competitive pricing.

To further ensure an interactive experience, OKX has introduced WAGMI, an automated pricing bot that provides instant quotes in the demo environment.

If traders do not receive a response, selecting WAGMI as a counterparty in the RFQ Builder page ensures a valid execution price based on live order book spreads. Keep in mind that prices quoted by WAGMI in the testnet account should not be used as a baseline for actual institutional trading, it’s for practice only.

All in all, this demo trading platform offers a robust and immersive experience, allowing traders to refine their skills in spot, margin, futures, and options trading. With real-time pricing, simulated order execution, and RFQ automation, OKX provides a comprehensive learning environment for crypto traders at all levels.

Crypto.com is a prominent player in the cryptocurrency world, offering a comprehensive suite of financial services centered around digital assets. Founded in 2016, the platform has grown rapidly, boasting a user base of over 100 million by mid-2024.

Crypto.com provides a user-friendly app for buying, selling, and trading around 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. Beyond its exchange services, Crypto.com offers a non-custodial DeFi wallet, an NFT marketplace, and even a direct payment service for cryptocurrency transactions.

One of Crypto.com's most recognizable features is its Visa card, which allows users to earn cashback in CRO, the platform's native token, on their everyday spending. The card comes in various tiers, each offering different levels of rewards and perks, such as rebates on streaming subscriptions and airport lounge access.

Crypto.com also takes security seriously. It holds all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis. Users’ accounts are protected by the latest security advancements, including Passkeys, HSMs, and FIDO2, as well as MFA methods like passwords, biometrics, and authenticator codes.

It also runs an active bug bounty program on Hacker One, where people can disclose security vulnerabilities on the platform and get rewards.

Gemini is a prominent cryptocurrency exchange established in 2014 by Cameron and Tyler Winklevoss with its headquarters in New York. It caters to both novice and experienced traders, offering a secure and user-friendly platform for buying, selling, and storing digital assets.

Currently, Gemini supports around 70 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and some meme coins like Shiba Inu (SHIB) and Pepe (PEPE). While this list is relatively limited to other big names in the market, it still allows users to diversify their portfolios and explore other investment opportunities.

The platform is known for its user-friendly interface, making it easy for newcomers to buy, sell, and manage cryptocurrencies. For more experienced users, Gemini provides ActiveTrader, a platform with advanced charting tools, multiple order types, and faster order execution.

Another notable feature is Gemini Earn, which allows users to earn interest on their cryptocurrency holdings. Security is also a cornerstone of Gemini's operations. The exchange implements robust measures to protect user assets and data, including:

• Cold Storage: The majority of user funds are stored in offline, air-gapped cold storage systems, safeguarding them from online threats.
• Two-Factor Authentication (2FA): Users are required to enable 2FA, adding an extra layer of security to account access.
• SOC Certifications: Gemini has achieved SOC 1 Type 2 and SOC 2 Type 2 certifications, demonstrating its commitment to industry-leading security standards.
• Insurance Coverage: Digital assets held in Gemini's hot wallet are insured against security breaches and fraudulent transfers.

All in all, Gemini stands out as a reliable and secure cryptocurrency exchange, offering a comprehensive suite of features tailored to meet the needs of a diverse user base.

CEX.IO, founded in 2013, has evolved from a Bitcoin cloud mining service into a comprehensive cryptocurrency exchange, serving over 15 million users globally. As of 2025, the platform supports more than 220 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and a diverse range of altcoins, enabling users to diversify their digital portfolios.

The platform offers a user-friendly interface suitable for both beginners and experienced traders. Users can fund their accounts through various methods, including credit/debit cards, bank transfers, and cryptocurrency deposits, providing flexibility in managing funds.

For advanced traders, CEX.IO provides features such as margin trading, stop-loss orders, and limit orders, catering to sophisticated trading strategies. Additionally, the platform offers staking services, allowing users to earn rewards by staking supported cryptocurrencies directly on the platform.

CEX.IO employs robust security measures to protect user assets and data, including the use of cold storage solutions to safeguard the majority of user funds offline, minimizing exposure to potential online threats.

Two-factor authentication (2FA) is implemented to enhance account security, requiring users to provide an additional verification step during login. Furthermore, CEX.IO maintains compliance with regulatory standards, ensuring a secure and transparent environment for cryptocurrency trading.