In 2021, the cryptocurrency market size reached $1.5429 billion in revenue. According to research, the market will reach $2.3025 billion by 2028.
Investing in cryptocurrency can deliver outsized returns to you. Besides, you’ll enjoy more private transactions compared to traditional money transactions.
Cryptocurrencies assume a decentralized nature. So, no government or central bank can control or freeze your funds.
You’ll incur little to no fees when transacting using cryptocurrencies. Besides, transactions are fast such that you can send funds to any part of the world within minutes.
Before investing, you’ll need to practice crypto trading. Here, we provide you with the best platforms to practice crypto trading before investing.
eToro
Established in 2007, eToro’s financial trading and investing platform for various markets. These markets include Crypto, ETFs, Indices, Stocks, and Forex.
New users sign up for free accounts to practice trading crypto. Once you sign up, you’ll receive free $100000 practice money to start trading crypto and other assets.
You get a chance to select 16 digital currencies, analyze the price chart and add indicators. You can also draw lines and patterns and place buy trading orders to enter a position.
Beginners can use eToro to practice day trading crypto with other users on the platform. Besides, you stand a chance to find prospective trade setups.
TradingView
This cloud-based charting and social networking website is known for trading and investing markets. Initially, Trading View applied for stock scanning and charting.
With Trading View, you can track the historical prices of plentiful trading pairs across various markets.
TradingView has an advanced charting system that you can use to demo trading crypto. You can add technical indicators, chart patterns, and other drawing tools to your charts.
You’ll need to create an account with Trading View to access the demo trade feature. A demo account will also allow you to connect to a paper trading account.
So, you can practice crypto trading with fake money.
Plus500
Plus500 is among the leading CFD providers with a massive customer base. Users enjoy the leverage of up to 30 times to trade popular assets like EFTs, Forex, Cryptocurrencies, and shares.
You’ll need to sign up for a CFD demo account to practice trading crypto. It’s among the most popular ways to learn how to trade cryptocurrency.
You can buy Terra Luna, Bitcoin, Ethereum, and Litecoin, among other cryptocurrencies, and CFD as you practice trading crypto.
Using the demo account, beginners will get a summary of the trade from the order entry window. So, you can review the spread charges, set alerts, leverage amounts, and feed in a buy or sell position.
StormGain
This is a new and advanced crypto trading and investing platform. StormGain offers 17 different futures markets for traders with leverage of almost 200 times.
With a StormGain demo account, you’ll learn how to practice crypto trading using real market data. This will also familiarize you with the user interface.
Your trading interface comes with all crypto trading tools and other helpful features to gain the upper hand in the market. The modern interface has a secure wallet and two-factor verification for a better user experience.
Practice Crypto Trading
Like other investments, cryptocurrencies have their risks too. Seek adequate information about the industry before you practice crypto trading and investing.
You can research online and read books to better understand the digital financial markets. You can practice trading crypto and make informed investment decisions with the above platforms.
Browse this page to learn more about investing in cryptocurrencies.