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1. Shard Calculation

Query:

Response:

Calculated Shard: 36 (from laksa091)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa036.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.bitdegree.org/crypto/crypto-paper-trading-app\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.bitdegree.org/crypto/crypto-paper-trading-app\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app","crawl_time":1775902875,"first_indexed_time":1684324714,"http_code":200,"src_unparsed":"org,bitdegree!www,\/crypto\/crypto-paper-trading-app s443","src_root_hash":"18155006341475129036","history_drop_reason":null,"meta_title":"Best Crypto Paper Trading App: Top Picks for 2026","meta_descriptions":["Want to practice before actually trading with real money? Find the best crypto paper trading app for you here and test out your strategies!"],"attrs_boilerpipe_text":"Stop overpaying - start transferring money with Ogvio.\nSign up, invite friends\n& grab\nRewards now\n! 🎁\nAre you interested in trading cryptocurrencies but\ndon't want to risk your hard-earned money right away\n? If so, you may want to check out crypto paper trading apps! These apps allow you to\nsimulate trading in a real market environment\nwithout putting any actual funds at risk.\nSome of the most famous exchange platforms in the market, such as\nBinance\n,\nBybit\n, and\nKraken\n, provide crypto paper trading. Since there are so many options, it’s important to really know each one of them, so you can choose the best one.\nIf you're looking to earn some extra cash for your trading journey, check out\nOgvio's\nreferral program, where you can receive\n$10 for every 3 friends you invite!\nBut don’t get overwhelmed just yet! To make things easier for you, I’ll show you some of the\nbest crypto paper trading apps\n. I'll go over what they are, how they work, and why they're worth considering for both novice and experienced traders.\nThe crypto paper trading apps I'll cover in this article include:\nKraken\n- Best for Futures Trading\nBitfinex\n- Practice Trading in Different Areas\nBitMEX\n- Best for Crypto Derivatives\nCryptoHopper - Ideal for Crypto Bots\nTradingView\n- Allows Tracking Multiple Strategies\nBYDFi\n- User-Friendly Trading for All\nNDAX.io - Canada’s Trusted Crypto Exchange\nShakepay\n- Canadian-Based Exchange for BTC and ETH\nSo, let's take your crypto trading game to the next level in a safe and risk-free way!\n1. Kraken - Best for Futures Trading\nRanks #1 out of 8 Crypto Exchanges\nThings we liked:\n+\nSecure and reliable\n+\nAccepts fiat currencies\n+\nLots of trading options\n+\n24\/7 customer support\n+\nOpt-in staking\nThings we didn't like:\n-\nRelatively high fees\nHave you heard of\nKraken's\nfutures demo\/test accounts\n? It's a great tool for anyone interested in trading cryptocurrency futures contracts without risking real money. Because it’s a trading simulation, you can think of it as a crypto paper trading app.\nBefore we dive deep into Kraken, let’s recap what\nfutures trading\nmeans: futures trading is when people make an agreement to buy or sell something at a certain price and date in the future.\nNow, with Kraken's futures demo\/test accounts, you get access to a\nvirtual trading environment\nwhere you can practice trading futures contracts on various cryptocurrencies.\nBy the way, the platform is designed to be\nas realistic as possible\n, so you can get a sense of what it's like to trade in the real world. That means that you'll have access to\nreal-time market data\nand also be able to test out different trading strategies and see how they work in different market conditions.\nWhat’s more, one of the great things about Kraken's futures demo\/test account is that it's\ncompletely free to use\n. Also, it doesn’t demand any special requirements in order to access it - all you need is a\nKraken account\n, which you can create for free on the website.\nNote that this feature is linked to\nKraken Pro\n, which is specially designed for advanced traders. In this sense, futures trading is\nnot really ideal for beginners\n. However, that’s when testing it out with Kraken’s futures demo\/test accounts comes in handy.\nOf course, Kraken's futures demo\/test accounts are a great way to get familiar with Kraken’s platform, as well. So, even if you are an experienced trader, this can be a great opportunity not only to practice but also to\nunderstand how Kraken’s futures trading works\n.\nOverall, Kraken's futures demo\/test accounts are a fantastic tool for anyone who wants to get into futures and paper trading. It's free, easy to use, and provides a realistic environment that can help you learn and practice your trading skills.\n2. Bitfinex - Practice Trading in Different Areas\nRanks #2 out of 8 Crypto Exchanges\nThings we liked:\n+\nMore than 250 crypto assets to trade with\n+\nSupports fiat deposits\n+\nAdvanced trading tools\n+\nSmall fees\n+\nHighly-improved security features\nThings we didn't like:\n-\nControversial past\n-\nMight not be suitable for beginner traders\nHave you heard of\nBitfinex\n? It’s a one of the oldest crypto exchanges that also provides users with a crypto paper trading app where you can develop and test your trading strategies in a simulated market environment.\nWith Bitfinex paper trading, you can practice trading in different areas like\nspot,\nmargin\nand derivatives trading, as well as margin funding, Bitfinex Borrow, and the\nOTC trading desk\n.\nThat way, you can access reserve test funding, borrow funds from other users, and experiment with large orders without having to go through the public\norder books\n- all in one platform.\nHowever, as I mentioned,\npaper trading does not involve tokens with real value\n, as they can only be traded in a mock environment (a simulation) - that is naturally also true when it comes to Bitfinex paper trading.\nNow, you might be wondering, “\nHow can I start paper trading with Bitfinex?\n”. Well, it’s very simple.\nIn Bitfinex’s case, you will need to\ncreate a sub-account\n, and, to do that, first, you need to\nlog in to your Bitfinex account\nand go to the sub-accounts section, where you will find the option to choose a\npaper trading sub-account\n. Then, you will have to provide an email address and create a username, as well as a password.\nBy the way,\nit's important to use a\nnew email and username\nwhen creating a sub-account. Moreover, once a sub-account has been created and enabled for paper trading, it\ncannot be converted to a regular account\n.\nHaving to use a different account to paper trade cryptos might not be so practical, but the good news is that there are no requirements to create a sub-account on Bitfinex’s crypto paper trading app.\nDo note that\nthe maximum limit for refilling the total balance per sub-account is $1,000,000\n(or its equivalent value in other currencies)\nand up to $100,000\n(or its equivalent value in other currencies)\nper paper currency\n.\nFurthermore, when it comes to paper trading and Bitfinex, we also have to talk about the option of paper trading using\nBitfinex Honey\n.\nBitfinex Honey is an\nopen-source and customizable toolkit for traders\n. It offers a range of features to enhance the functionalities of the Bitfinex platform. Thus, with Bitfinex Honey, traders can\nrun multiple algorithmic trading strategies, design custom orders, and receive notifications\n, all through an intuitive interface.\nSeems cool, right? And it is.\n But, it actually gets better, as the Bitfinex Honey toolkit comprises both\nstandalone versions and a web application\n, providing traders with flexibility in how they access and use the tool!\n“\nHow does it connect to paper trading?\n”, you might ask. Simply put, you can\ntry out Bitfinex Honey with a paper trading account\n. This can make the experience less daunting for new traders and provide a valuable opportunity for more experienced traders to practice.\nThat's it! Now you are aware of the opportunities provided by Bitfinex crypto paper trading app to develop and test your trading strategies without risking any real funds.\n3. BitMEX - Best for Crypto Derivatives\nRanks #3 out of 8 Crypto Exchanges\nThings we liked:\n+\nStrong security\n+\nVarious derivatives products\n+\nLow fees\n+\nSpot trading available\nThings we didn't like:\n-\nNot available in the US\n-\nLimited crypto asset variety\nBitMEX\nis a popular trading platform for crypto derivatives that allows traders to buy and sell contracts for cryptocurrencies with a leverage of up to 100 times. It’s a\ngreat platform for experienced crypto traders\n. However, it also offers a really nice opportunity for new traders with their crypto paper trading app.\nSo, the way to paper trade cryptos with BitMEX is through\nthe BitMEX Testnet\n.\nBitMEX Testnet lets you\nwork with\nderivatives\n, in addition to buying and selling standard coins. You can also use the platform to\nlearn how to trade on BitMEX\nand try out several strategies and techniques without risking your money.\nTherefore, BitMEX Testnet was specially designed for beginners to\nget into the world of crypto derivatives trading\n. But, of course, it is beneficial for advanced traders, as well.\nIt’s worth noting the\nBitMEX and BitMEX Testnet are different platforms\n, meaning that the latter is independent from the former. Due to that, you need to create a\ncompletely new account on BitMEX Testnet\n, regardless if you already have one on BitMEX.\nThough, no need to worry, as it’s very simple to sign in to BitMEX Testnet - essentially, you just need to provide an email address and a password.\nNow, once you create an account on BitMEX Testnet, you'll receive\n100,000 Testnet\nTether\n. You can use these coins to try out various strategies and techniques without risking your money. If you run out of Testnet coins, you can\nreplenish them from various faucets on the internet\n.\nJust a heads up, the Testnet creates a\nreplica of the original account\nto provide users with a genuine experience. However, users get to trade with Testnet coins that hold no actual value.\nAlso, it’s important to know one more thing: some users have pointed out that\nBitMEX Testnet’s prices are not always aligned with those on BitMEX\n. But that is completely normal, because the Testnet has its own order book and trading volume and real market movements may not always be reflected on it\n.\nRegardless of that, BitMEX is still a good paper trading crypto app, especially for those interested in crypto derivatives trading.\nDid you know?\nCompare Crypto Exchanges Side by Side With Others\nAll Crypto Exchanges may look similar to you but they're\nNOT all the same!\nYes! Show me the Comparison Chart\n4. CryptoHopper - Ideal for Crypto Bots\nRanks #4 out of 8 Crypto Exchanges\nThings we liked:\n+\nFree trial\n+\nSupports most major cryptocurrency exchanges\n+\nAutomated and manual trading capabilities\n+\nSpecialized features for beginners and experienced traders\n+\nVarious testing tools\nThings we didn't like:\n-\nTechnical issues\n-\nOvercharge concerns\nSo far, I’ve talked about some\nexchange platforms that provide paper trading services\n. However, this list also includes tools that enable users to simulate trading without any risks.\nCryptoHopper\nis one of them, as it’s a crypto trading bot and a crypto paper trading app.\n“\nWhat’s CryptoHopper used for?\n” you might ask. Well, it’s a\ncrypto trading automation tool\nthat allows users to\ncreate and customize trading bots\nthat can buy and sell cryptocurrencies automatically. Put simply, it makes transactions easier and more efficient.\nJust keep in mind that\nCryptoHopper is not an exchange platform\n; it’s a tool used on\nexchanges\n.\nWell, that’s one side of it. The other, which is the one we are interested in now, is the paper trading service. As a paper trading crypto app, CryptoHopper lets you\nopen a\ndemo account and train various bots, testing out automation strategies for crypto trading\n.\nWhat’s more, you can\nlink all of your crypto exchange accounts and manage them\n, all in one place. This way, you can keep track of cryptocurrency prices using a feature called \"\ntrailing\n,\" which will notify you when the trend changes.\nBesides, this tool also provides helpful features, such as the\nability to copy other traders and a variety of bot templates to start with\n.\nNow, once you create a demo account, you can\ndeposit\nup to 100,000 in any currency and use the simulator to practice\n. However, you'll have seven days to try out different features and trade various cryptocurrencies, including\nBitcoin\n,\nEthereum\n,\nLitecoin\n, and more.\nBy the way, there is a drawback for beginners, as\nCryptohopper’s paper trading simulator is not so easy to use\n. Thus, it may not be recommended for new traders who want to focus on standard trading instead of automation. Though, If you're up for the challenge, Cryptohopper is a good choice for anyone who wants to use bots in trading.\n5. TradingView - Allows Tracking Multiple Strategies\nRanks #5 out of 8 Crypto Exchanges\nThings we liked:\n+\nMarket data for 2 million+ financial instruments\n+\n20+ virtual chart types and customizable tools\n+\nTrading functionalities within the chart\n+\nCalendar for key financial events\nThings we didn't like:\n-\nPoor customer service\n-\nThe free plan is quite limiting\nTradingView\nis a trading tool that can be used for various purposes. I’ll tell you more about its use cases in a second, but know that\nit’s also a crypto paper trading app\n. You can use it to create a virtual account, receive fake money, and start trading cryptocurrencies in real time without risking any of your own funds.\nNow, talking about what this platform does, it provides traders and investors with a\nrange of tools to examine financial markets\n. It offers live information, adjustable charts, tools for\ntechnical analysis\n, and a social network of traders where individuals can exchange their thoughts and tactics.\nWhat’s more, it has the ability to\ntrack multiple trading strategies at once\n- this can be especially helpful for those who want to compare different approaches and find the one that works best for them.\nAdditionally, it enables users to take snapshots of their trade setups and view their virtual purchases and account balances, allowing them to make informed decisions and track their progress.\nAgain, the reason why TradingView is included in this list is exactly because, like the other options listed,\nit allows you to\nsimulate live trading\n.\nSo, when you create an account and log in to use the paper trading feature,\nyou will receive $100,000\n, which you can reset at any time.\nMoreover, TradingView has an\neasy-to-use interface\nthat makes it accessible to beginners, while its\nadvanced charting tools\nmake it attractive to more experienced traders.\nHowever, there’s one major drawback to TradingView's paper trading platform, which is\nthe lack of customer support\n. Many users have reported that customer support is almost nonexistent, which can be frustrating if you need help or have any issues with the app.\nOverall, though, TradingView is a sufficient choice for those who want to practice crypto trading, as well as track multiple trading strategies. It’s good for both beginners and experienced traders alike.\n6. BYDFi - User-Friendly Trading for All\nRanks #6 out of 8 Crypto Exchanges\nThings we liked:\n+\nHuge trading variety\n+\nRegulation-compliant around the globe\n+\nFair trading fees\n+\nBeginner-friendly tools\n+\nCopy trading functionality\nThings we didn't like:\n-\nNo NFT services\n-\nNo staking capability\nBYDFi\nis a cryptocurrency exchange platform that aims to provide a\nuser-friendly experience for both novice and experienced traders\n. While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include:\nSpot Trading: Buy and sell cryptocurrencies at current market prices.\nDerivatives Trading: Trade cryptocurrency futures and options contracts.\nCopy Trading: Automatically replicate the trades of experienced traders.\nMobile App: Trade on iOS and Android devices.\nEducational Resources: Guides and tutorials for learning about crypto trading.\nTrading Bots: Use automated tools to trade cryptocurrencies like a pro.\nThe platform supports more than 400 cryptocurrencies,\nincluding\nBitcoin (BTC)\n,\nEthereum (ETH)\n,\nand\nLitecoin (LTC)\n. BYDFi also aims to provide competitive trading fees by offering a flat maker\/taker rate of\n0.1%\non its spot trading platform.\nBYDFi is available in the US, Canada, and 150 other countries.\nWhen it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses\nAmazon Web Services, multi-factor authentication and hardware verification\n, as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts.\n7. NDAX.io - Canada’s Trusted Crypto Exchange\nRanks #7 out of 8 Crypto Exchanges\nThings we liked:\n+\nAll-in-one trading platform for individuals\n+\nEarn passive income through Ndax staking\n+\nHigh-level of security and compliance\nThings we didn't like:\n-\nCanadian-focused trading platform\nNDAX\n(National Digital Asset Exchange) is a Canadian cryptocurrency platform that offers a curated selection of approximately 40 digital assets,\nincluding\nBitcoin (BTC)\n,\nEthereum (ETH)\n,\nand\nCardano (ADA)\n. The platform caters to both individual and institutional investors with features such as simple trading, staking with\nup to 13% APY\non select cryptocurrencies, auto-invest options, and advanced trading tools.\nThe majority of NDAX’s client assets are held offline in\ncold storage\n, utilizing multi-signature technology provided by\nLedger Vault\nto ensure optimal protection.\nAdditionally, NDAX offers\ninsurance coverage of\n$5 million\nfor cold wallets, safeguarding against risks like fraud, internal theft, and hardware security module (HSM) malfunctions.\nHot wallets\nare insured for\nup to $3 million\nper incident, and the company maintains CAD 5 million in general business liability insurance.\nNDAX also has strong regulatory compliance and security certification. These include registrations with:\nCanadian Investment Regulatory Organization (CIRO);\nFinancial Transactions and Reports Analysis Centre of Canada (FINTRAC);\nRevenue Québec.\nIn addition, it is the first Canadian crypto platform to achieve SOC 2 Type II certification, reflecting its dedication to maintaining high security and operational standards. Additionally, with a competitive trading fee of 0.2%, NDAX provides a secure and user-friendly environment for cryptocurrency trading and investment.\n8. Shakepay - Canadian-Based Exchange for BTC and ETH\nRanks #8 out of 8 Crypto Exchanges\nThings we liked:\n+\nZero fees\n+\nEasy-to-use interface\n+\nInsurance protection on cold ctorage\n+\nShakepay Visa card for spending CAD balances\nThings we didn't like:\n-\nCanada-exclusive availability\n-\nSmall selection of tokens\n-\nNo phone-based customer support\nShakepay\nis a Canadian cryptocurrency platform focused on facilitating the buying and selling of\nBitcoin\nand\nEthereum\n. It is known for its\nintuitive interface and commission-free transactions\n, making it easy for users to buy and sell these two popular cryptocurrencies.\nWhile its crypto offering is extremely streamlined compared to other platforms, Shakepay offers other features like\ncrypto Visa cards and crypto integration for businesses\n. These show how the platform aims to make crypto accessible to the general masses without intimidating them with the steep learning curve of trading.\nDespite its rather simple offerings, Shakepay doesn’t skimp on security. The platform stores a majority of digital currencies in cold storage wallets. It partners with an\nNYDFS\n(\nNew York State Department of Financial Services\n)-regulated provider who holds\nSOC 1 Type II and SOC 2 Type II certifications\n.\nShakepay also holds an insurance policy on the digital currencies held in\ncold storage\n. This policy covers most damages, theft, and loss of private keys.\nIn terms of account security, the platform implements essential measures,\nlike two-factor authentication, device lock, and 256-bit AES encryption for data protection\n. These make Shakepay a solid choice for those looking for a simple and secure way to get started with Bitcoin and Ethereum.\nIf you're looking for the best crypto paper trading app, you probably already know\nwhat crypto paper trading is\n. \nHowever, just to be sure, let’s talk about it a bit.\nEssentially, crypto paper trading is a\ntool that allows to simulate live transactions, without the need to actually put real money into it\n. In other words, a paper trade is a way for investors to practice trading with no risk of losing funds.\nBy the way, when I mention “\nlive transactions\n” or “\nlive markets\n”, I mean the actual, real-time trading that takes place on financial markets - like\nBinance\n,\nCoinbase\n,\nBybit\n, and so on - for assets like stocks, cryptocurrencies, and\ncommodities\n.\nSince there is no risk of losing your money, the contrary is also true:\nyou don’t earn anything in return\n, even if you make a really successful trade. Given that, you might be wondering –\nWhat’s the point, then?\nWell, the point is\nto\nexperiment and learn\n! Paper trading is meant for beginners to familiarize themselves with trading and for seasoned traders to\nexplore new strategies\nwhile honing their skills in buying and selling securities.\nNot only that, by paper trading crypto assets, investors and traders can\ntest out different trading platforms and even different order types\n, such as\nlimit orders\n,\nstop-loss\n, and\nmarket orders\n.\nBy the way, paper transactions work by using a\nvirtual trading account with fake funds\n. However, even though it’s a fabricated scenario, crypto paper trading apps track the crypto market and mimic real-time changes, making the whole experience quite genuine.\nPretty interesting, right?\nNote that, since it’s a simulation,\ncrypto paper trading apps will not always be able to completely reproduce the reality of live markets\n, as there are many variables that are not necessarily predictable. Furthermore, they are better suited for\nday trading\n, rather than for long-term strategies.\nThough, there is a way to\novercome the limitation of paper trading\n, investors need to use genuine trading techniques and goals in order to get the most out of paper trading. This entails taking into consideration the same risk-return goals, investment restrictions, and trading time frame that would be used with a live account.\nIn other words, don't think of it as a simulation; take it seriously.\nThat said, taking it seriously also means\nplanning how you'll fund and cash out later\n, and\nOgvio\ncan be great for that. The platform shows bank transfer fees upfront with fair exchange rates before you confirm. In addition, for crypto moves, Ogvio is almost\ninstant and doesn't charge any fees\n.\nThat way, the crypto paper trading experience can be\nas accurate and positive as possible\n.\nNow, some of the platforms I included in this list refer to their paper trading feature as a “\ntestnet\n”.\nWhat are those?\nSimply put, in this context, a testnet is a type of paper trading, in the sense that it’s used to\ntest trading strategies\n.\nThough, note that\ntestnets\nare usually viewed as a playground for blockchain developers to test their ideas\nand make sure everything is working smoothly - by finding and fixing bugs, for example - before they launch their projects on the\nmainnet\n(the main network).\nThe paper trading crypto apps I've covered in this article, though, help you simulate live trading - whether they are called\ntestnet, paper trading, or even mock trading\n, they all refer to the same thing in this context.\nConclusions\nWell, that's it for our exploration of crypto paper trading apps. I've covered what they are, how they work, and why they're worth considering for anyone looking to get into crypto trading. I've also looked at some of the best crypto paper trading platforms available, including\nBinance\n,\nBybit\n, and\nKraken\n.\nThus, by now, you should have a good understanding of what paper trading cryptos can offer and how it can help you\nrefine your trading skills without risking any real money\n. Therefore, whether you're a complete beginner or a seasoned trader looking to test out new strategies, paper trading can be an invaluable tool for\nlearning and experimentation\n.\nSo, if you're thinking about getting into the crypto world, consider giving paper trading crypto a try. Who knows, you might just discover your\ninner trading wizard\nand start making some serious profits in the live markets.\nTalking about profits, if you're looking to make some extra money on the side, check out\nOgvio's\nreferral program, where you can\nearn $10 for every 3 friends you invite\n. Also, there are no limits on how many people you can invite!\nOther Crypto Exchanges in This Category\nHere are other crypto exchanges related to the category but not as favored by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchanges in the list with the higher rating that I'd\nrecommend for the same price range or less.\neToro - Great for Beginners\nThings we liked:\n+\nCopy trading service available\n+\nA variety of cryptocurrencies to choose from\n+\nBeginner-friendly\nThings we didn't like:\n-\nRelatively high fees\n-\nSlow customer support\nDon’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.\nYou might have heard of eToro as a trading platform, but did you know that it is also considered a crypto paper trading app? That's because it provides\ndemo accounts so you can practice live trading\n.\nThe demo account gives access to all eToro's features. So, you can\ninstall metrics, draw lines, and trends, and enter buy and sell orders\n- all without risking real money, of course.\nNot only that, the virtual account provides\nadvanced trading tools\n, including leverage, stop-loss, and take-profit, to experiment with various risk levels.\nFurthermore, when it comes to usability, eToro doesn’t stay behind.\nThe interface is clean and easy to use\n. It is also simple to start paper trading cryptos in eToro, as you only need to\nopen a demo account on the platform\n.\nBy the way, it’s free to sign up and, after you create your account, you receive\n$100,000 in virtual funds\nso you can practice paper trading right away. This amount is sufficient to help you learn the ropes of trading, but not too much to prevent you from working within reasonable limits.\nGiven everything I said so far, it seems clear that\neToro’s paper trading crypto app was specially created for beginners\n, due to its simple interface and beginner-friendly protocols.\nHowever, if you are an advanced trader, it's still a sufficient platform for you as it’s\nprimarily designed to hone trading skills overall\n.\nAt last, note that eToro has the\nsocial news stream\n, which enables you to\ndiscuss concepts and chart analysis with other users\n, creating a worldwide trader network.\nSo, to summarize, using eToro's virtual accounts can help you gain confidence in trading before investing real money. It is dubbed as one of the best crypto paper trading apps by some as it provides a safe environment to learn and practice trading.\nThe content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.\nScientific References\n1. A. Jalan, R. Matkovskyy, A. Urquhart: 'What Effect Did the Introduction of Bitcoin Futures Have On the Bitcoin Spot Market?';\n2. J.R. Jensen, V. von Wachter, O. Ross: 'Leveraged Trading on Blockchain Technology'.","attrs_markdown":"🔥 BitDegree partnered with Ogvio - a **free international money transfer service**! Sign up now & [**grab Rewards**](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)! 🎁\n\n- Cryptos: [21,327](https:\/\/www.bitdegree.org\/cryptocurrency-prices)\n- Exchanges: [2,288](https:\/\/www.bitdegree.org\/top-crypto-exchanges#exchanges)\n- Market Cap: [\\$2.43T](https:\/\/www.bitdegree.org\/cryptocurrency-prices\/total-crypto-market-cap-chart#market-cap-volume-chart) 1.33%\n- 24h Vol: [\\$211,679,663,563](https:\/\/www.bitdegree.org\/cryptocurrency-prices\/total-crypto-market-cap-chart#market-cap-volume-chart) 2,085.07%\n- Dominance: [BTC: 59.8%](https:\/\/www.bitdegree.org\/cryptocurrency-prices\/bitcoin-btc-price)[ETH: 11.1%](https:\/\/www.bitdegree.org\/cryptocurrency-prices\/ethereum-eth-price)\n- Gas: [0\\.101 GWEI](https:\/\/www.bitdegree.org\/cryptocurrency-prices\/total-crypto-market-cap-chart#gas-prices)\n\n- ![US Dollar](https:\/\/assets.bitdegree.org\/assets\/flags\/en-us.svg?tr=w-15)\n  \n  en -\n  \n  USD\n- [Connect](https:\/\/www.bitdegree.org\/connect)\n\n[![Learn & Earn: Play to Earn Crypto Rewards and Learn Web3\\!](https:\/\/assets.bitdegree.org\/assets\/bitdegree-logo-white.svg)](https:\/\/www.bitdegree.org\/)\n\n[Education](https:\/\/www.bitdegree.org\/missions)[Cryptocurrencies](https:\/\/www.bitdegree.org\/cryptocurrency-prices)[Exchanges](https:\/\/www.bitdegree.org\/top-crypto-exchanges#exchanges)[Wallets](https:\/\/www.bitdegree.org\/crypto\/best-cryptocurrency-wallet)[dApps](https:\/\/www.bitdegree.org\/crypto-tracker\/dapps)[News](https:\/\/www.bitdegree.org\/crypto\/news)[AI](https:\/\/www.bitdegree.org\/ai\/best-ai-tools)[Data](https:\/\/www.bitdegree.org\/cryptocurrency-prices\/total-crypto-market-cap-chart)[Newsletter](https:\/\/www.bitdegree.org\/crypto\/newsletter)\n\n3\n\n[Crypto Airdrops](https:\/\/www.bitdegree.org\/leaderboard)\n\nLoading...\n\n[Crypto](https:\/\/www.bitdegree.org\/crypto) [Best Cryptocurrency Exchange](https:\/\/www.bitdegree.org\/crypto\/best-cryptocurrency-exchange)\n\nBest Crypto Paper Trading App\n\n# Best Crypto Paper Trading App\nLearn and improve your trading skills with the best crypto paper trading apps.\n\n[![Aaron S. Editor-In-Chief](https:\/\/assets.bitdegree.org\/images\/aaron.jpg?tr=w-70)](https:\/\/www.bitdegree.org\/about-us\/analysts\/aaron-s-editor-in-chief)\n\nWritten by[Aaron S.,](https:\/\/www.bitdegree.org\/about-us\/analysts\/aaron-s-editor-in-chief)\n\nEditor-In-Chief\n\n✓ Fact Checked\n\n**Last Updated:**  January 05, 2026\n\n✓ Fact Checked\n\nProvider\n\nBank Transfer\n\nVisa\/Mastercard\n\nAvailable Crypto\n\nOur Score\n\n![Kraken - Best for Futures Trading](https:\/\/assets.bitdegree.org\/images\/kraken-review-horizontal-logo-v1.png?tr=w-180,h-36)\n\nYES\n\nYES\n\n- Bitcoin\n- Ethereum\n- DASH\n- \\+ 500 more\n\n9\\.8\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/kraken-review)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n![Bitfinex - Practice Trading in Different Areas](https:\/\/assets.bitdegree.org\/crypto\/storage\/media\/bitfinex-review-logo-small.o.png?tr=w-180,h-36)\n\nYES\n\nYES\n\n- Bitcoin\n- Ethereum\n- Monero\n- \\+ 250 more\n\n9\\.6\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/bitfinex-review)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n![BitMEX - Best for Crypto Derivatives](https:\/\/assets.bitdegree.org\/images\/bitmex-review-horizontal-logo.png?tr=w-180,h-36)\n\nYES\n\nYES\n\n- Bitcoin\n- Bitcoin Cash\n- Dash\n- \\+ 100 more\n\n9\\.4\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/bitmex-review)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n![CryptoHopper - Ideal for Crypto Bots](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/cryptohopper-review-horizontal-logo.png?tr=w-180,h-36)\n\nYES\n\nYES\n\n- Bitcoin\n- Ethereum\n- Litecoin\n- \\+ 600 more\n\n9\\.1\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/cryptohopper-review)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n![TradingView - Allows Tracking Multiple Strategies](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/tradingview-review-horizontal-logo.png?tr=w-180,h-36)\n\nYES\n\nYES\n\n- Bitcoin\n- Ethereum\n- Tether\n- \\+ 3,996 more\n\n9\\.0\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/tradingview-review)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n![BYDFi - User-Friendly Trading for All](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/BYDFi%20logo%20small.png?tr=w-180,h-36)\n\nYES\n\nYES\n\n- Bitcoin\n- Ethereum\n- \\+ 1,000 more\n\n8\\.6\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/bydfi-review)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n![NDAX.io - Canada’s Trusted Crypto Exchange](https:\/\/assets.bitdegree.org\/images\/ndax-review-logo-small.png?tr=w-180,h-36)\n\nYES\n\nNO\n\n- Bitcoin\n- Ethereum\n- Tether\n- \\+ 30 more\n\n8\\.5\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/ndax-review)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n![Shakepay - Canadian-Based Exchange for BTC and ETH](https:\/\/assets.bitdegree.org\/images\/shakepay-review-horizontal-image-.png?tr=w-180,h-36)\n\nYES\n\nNO\n\n- Bitcoin\n- Ethereum\n\n8\\.4\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/shakepay-review)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\nMost Popular\n\n[![Kraken - Best for Futures Trading](https:\/\/assets.bitdegree.org\/images\/kraken-review-horizontal-logo-v1.png?tr=w-180,h-36)](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n1,174 Reviews\n\n9\\.8\n\n[Bank Transfer: **YES**](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  [Read review](https:\/\/www.bitdegree.org\/crypto\/kraken-review)\n\nEditor's Choice\n\n[![Bitfinex - Practice Trading in Different Areas](https:\/\/assets.bitdegree.org\/crypto\/storage\/media\/bitfinex-review-logo-small.o.png?tr=w-180,h-36)](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n947 Reviews\n\n9\\.6\n\n[Bank Transfer: **YES**](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  [Read review](https:\/\/www.bitdegree.org\/crypto\/bitfinex-review)\n\n[![BitMEX - Best for Crypto Derivatives](https:\/\/assets.bitdegree.org\/images\/bitmex-review-horizontal-logo.png?tr=w-180,h-36)](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n583 Reviews\n\n9\\.4\n\n[Bank Transfer: **YES**](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  [Read review](https:\/\/www.bitdegree.org\/crypto\/bitmex-review)\n\n[![CryptoHopper - Ideal for Crypto Bots](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/cryptohopper-review-horizontal-logo.png?tr=w-180,h-36)](https:\/\/www.bitdegree.org\/crypto\/goon\/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n385 Reviews\n\n9\\.1\n\n[Bank Transfer: **YES**](https:\/\/www.bitdegree.org\/crypto\/goon\/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  [Read review](https:\/\/www.bitdegree.org\/crypto\/cryptohopper-review)\n\n[![TradingView - Allows Tracking Multiple Strategies](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/tradingview-review-horizontal-logo.png?tr=w-180,h-36)](https:\/\/www.bitdegree.org\/crypto\/goon\/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n576 Reviews\n\n9\\.0\n\n[Bank Transfer: **YES**](https:\/\/www.bitdegree.org\/crypto\/goon\/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  [Read review](https:\/\/www.bitdegree.org\/crypto\/tradingview-review)\n\n[![BYDFi - User-Friendly Trading for All](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/BYDFi%20logo%20small.png?tr=w-180,h-36)](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n350 Reviews\n\n8\\.6\n\n[Bank Transfer: **YES**](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  [Read review](https:\/\/www.bitdegree.org\/crypto\/bydfi-review)\n\n[![NDAX.io - Canada’s Trusted Crypto Exchange](https:\/\/assets.bitdegree.org\/images\/ndax-review-logo-small.png?tr=w-180,h-36)](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n678 Reviews\n\n8\\.5\n\n[Bank Transfer: **YES**](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  [Read review](https:\/\/www.bitdegree.org\/crypto\/ndax-review)\n\n[![Shakepay - Canadian-Based Exchange for BTC and ETH](https:\/\/assets.bitdegree.org\/images\/shakepay-review-horizontal-image-.png?tr=w-180,h-36)](https:\/\/www.bitdegree.org\/crypto\/goon\/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n377 Reviews\n\n8\\.4\n\n[Bank Transfer: **YES**](https:\/\/www.bitdegree.org\/crypto\/goon\/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  [Read review](https:\/\/www.bitdegree.org\/crypto\/shakepay-review)\n\nStop overpaying - start transferring money with Ogvio. **Sign up, invite friends** & grab [**Rewards now**](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)! 🎁\n\nAre you interested in trading cryptocurrencies but **don't want to risk your hard-earned money right away**? If so, you may want to check out crypto paper trading apps! These apps allow you to **simulate trading in a real market environment** without putting any actual funds at risk.\n\nSome of the most famous exchange platforms in the market, such as [**Binance**](https:\/\/www.bitdegree.org\/crypto\/goon\/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Bybit**](https:\/\/www.bitdegree.org\/crypto\/goon\/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [**Kraken**](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), provide crypto paper trading. Since there are so many options, it’s important to really know each one of them, so you can choose the best one.\n\nIf you're looking to earn some extra cash for your trading journey, check out [**Ogvio's**](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio-earn?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) referral program, where you can receive **\\$10 for every 3 friends you invite\\!**\n\nBut don’t get overwhelmed just yet! To make things easier for you, I’ll show you some of the **best crypto paper trading apps**. I'll go over what they are, how they work, and why they're worth considering for both novice and experienced traders.\n\nThe crypto paper trading apps I'll cover in this article include:\n\n- [Kraken](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#kraken) - Best for Futures Trading\n- [Bitfinex](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#bitfinex) - Practice Trading in Different Areas\n- [BitMEX](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#bitmex) - Best for Crypto Derivatives\n- [CryptoHopper - Ideal for Crypto Bots](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#cryptohopper)\n- [TradingView](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#tradingview) - Allows Tracking Multiple Strategies\n- [BYDFi](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#bydfi) - User-Friendly Trading for All\n- [NDAX.io - Canada’s Trusted Crypto Exchange](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#ndax)\n- [Shakepay](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#shakepay) - Canadian-Based Exchange for BTC and ETH\n\n*So, let's take your crypto trading game to the next level in a safe and risk-free way\\!*\n## [1\\. Kraken - Best for Futures Trading](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#1 out of 8 Crypto Exchanges\n\n![Kraken - Best for Futures Trading](https:\/\/assets.bitdegree.org\/images\/kraken-review-homepage-\$1\$.jpg)\n\n**Things we liked:**\n\n- **\\+** Secure and reliable\n- **\\+** Accepts fiat currencies\n- **\\+** Lots of trading options\n- **\\+** 24\/7 customer support\n- **\\+** Opt-in staking\n\n**Things we didn't like:**\n\n- **\\-** Relatively high fees\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\nVerifiedStaff Pick\n\n## GET 25 USD IN BTC\n### Kraken USA Offer\nAttention Kraken USA users: for a limited time, trade \\$100, get \\$25 in BTC! Don't miss out on this Kraken promo code & secure yourself a great bonus.\n\nExpiration date: 14\/04\/2026\n\n1,928 People Used\n\nOnly 58 Left\n\nRating\n\n5\\.0\n\n[Get deal](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken-usa-btc-campaign?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\nHave you heard of [**Kraken's**](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) **futures demo\/test accounts**? It's a great tool for anyone interested in trading cryptocurrency futures contracts without risking real money. Because it’s a trading simulation, you can think of it as a crypto paper trading app.\n\nBefore we dive deep into Kraken, let’s recap what **futures trading** means: futures trading is when people make an agreement to buy or sell something at a certain price and date in the future.\n\nNow, with Kraken's futures demo\/test accounts, you get access to a **virtual trading environment** where you can practice trading futures contracts on various cryptocurrencies.\n\nBy the way, the platform is designed to be **as realistic as possible**, so you can get a sense of what it's like to trade in the real world. That means that you'll have access to **real-time market data** and also be able to test out different trading strategies and see how they work in different market conditions.\n\n![Crypto paper trading app: Kraken.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-kraken.jpg)\n\nWhat’s more, one of the great things about Kraken's futures demo\/test account is that it's **completely free to use**. Also, it doesn’t demand any special requirements in order to access it - all you need is a **Kraken account**, which you can create for free on the website.\n\nNote that this feature is linked to **Kraken Pro**, which is specially designed for advanced traders. In this sense, futures trading is **not really ideal for beginners**. However, that’s when testing it out with Kraken’s futures demo\/test accounts comes in handy.\n\nOf course, Kraken's futures demo\/test accounts are a great way to get familiar with Kraken’s platform, as well. So, even if you are an experienced trader, this can be a great opportunity not only to practice but also to **understand how Kraken’s futures trading works**.\n\nOverall, Kraken's futures demo\/test accounts are a fantastic tool for anyone who wants to get into futures and paper trading. It's free, easy to use, and provides a realistic environment that can help you learn and practice your trading skills.\n\n[👉🏻 Visit Kraken](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  \n[...or read our Kraken review](https:\/\/www.bitdegree.org\/crypto\/kraken-review)\n## [2\\. Bitfinex - Practice Trading in Different Areas](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#2 out of 8 Crypto Exchanges\n\n![Bitfinex - Practice Trading in Different Areas](https:\/\/assets.bitdegree.org\/images\/bitfinex-review-homepage-\$1\$.jpg)\n\n**Things we liked:**\n\n- **\\+** More than 250 crypto assets to trade with\n- **\\+** Supports fiat deposits\n- **\\+** Advanced trading tools\n- **\\+** Small fees\n- **\\+** Highly-improved security features\n\n**Things we didn't like:**\n\n- **\\-** Controversial past\n- **\\-** Might not be suitable for beginner traders\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\nVerifiedStaff Pick\n\n## 6% REBATE FEE\n### Bitfinex Sign-Up Bonus\nSign up with this Bitfinex referral coupon and get a 6% trading fee rebate right from the start. Lower fees = more crypto in your pocket\\!\n\nExpiration date: 14\/04\/2026\n\n422 People Used\n\nOnly 33 Left\n\nRating\n\n5\\.0\n\n[Get deal](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\nHave you heard of [**Bitfinex**](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)? It’s a one of the oldest crypto exchanges that also provides users with a crypto paper trading app where you can develop and test your trading strategies in a simulated market environment.\n\nWith Bitfinex paper trading, you can practice trading in different areas like **spot,** [**margin**](https:\/\/www.bitdegree.org\/crypto\/tutorials\/what-is-margin-trading-crypto) **and derivatives trading, as well as margin funding, Bitfinex Borrow, and the** [**OTC trading desk**](https:\/\/www.bitdegree.org\/crypto\/best-crypto-otc-trading-platform).\n\nThat way, you can access reserve test funding, borrow funds from other users, and experiment with large orders without having to go through the public [**order books**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-order-book) - all in one platform.\n\nHowever, as I mentioned, **paper trading does not involve tokens with real value**, as they can only be traded in a mock environment (a simulation) - that is naturally also true when it comes to Bitfinex paper trading.\n\nNow, you might be wondering, “*How can I start paper trading with Bitfinex?*”. Well, it’s very simple.\n\n![Crypto paper trading app: Bitfinex.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-bitfinex.jpg)\n\nIn Bitfinex’s case, you will need to **create a sub-account**, and, to do that, first, you need to **log in to your Bitfinex account** and go to the sub-accounts section, where you will find the option to choose a **paper trading sub-account**. Then, you will have to provide an email address and create a username, as well as a password.\n\nBy the way, **it's important to use a** **new email and username** when creating a sub-account. Moreover, once a sub-account has been created and enabled for paper trading, it **cannot be converted to a regular account**.\n\nHaving to use a different account to paper trade cryptos might not be so practical, but the good news is that there are no requirements to create a sub-account on Bitfinex’s crypto paper trading app.\n\nDo note that **the maximum limit for refilling the total balance per sub-account is \\$1,000,000** (or its equivalent value in other currencies) **and up to \\$100,000** (or its equivalent value in other currencies) **per paper currency**.\n\nFurthermore, when it comes to paper trading and Bitfinex, we also have to talk about the option of paper trading using **Bitfinex Honey**.\n\n![Crypto paper trading app: Bitfinex Honey.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-bitfinex-honey.jpg)\n\nBitfinex Honey is an **open-source and customizable toolkit for traders**. It offers a range of features to enhance the functionalities of the Bitfinex platform. Thus, with Bitfinex Honey, traders can **run multiple algorithmic trading strategies, design custom orders, and receive notifications**, all through an intuitive interface.\n\n*Seems cool, right? And it is.* But, it actually gets better, as the Bitfinex Honey toolkit comprises both **standalone versions and a web application**, providing traders with flexibility in how they access and use the tool\\!\n\n“*How does it connect to paper trading?*”, you might ask. Simply put, you can **try out Bitfinex Honey with a paper trading account**. This can make the experience less daunting for new traders and provide a valuable opportunity for more experienced traders to practice.\n\nThat's it! Now you are aware of the opportunities provided by Bitfinex crypto paper trading app to develop and test your trading strategies without risking any real funds.\n\n[👉🏻 Visit Bitfinex](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  \n[...or read our Bitfinex review](https:\/\/www.bitdegree.org\/crypto\/bitfinex-review)\n## [3\\. BitMEX - Best for Crypto Derivatives](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#3 out of 8 Crypto Exchanges\n\n![BitMEX - Best for Crypto Derivatives](https:\/\/assets.bitdegree.org\/images\/bitmex-review-homepage-image.jpg)\n\n**Things we liked:**\n\n- **\\+** Strong security\n- **\\+** Various derivatives products\n- **\\+** Low fees\n- **\\+** Spot trading available\n\n**Things we didn't like:**\n\n- **\\-** Not available in the US\n- **\\-** Limited crypto asset variety\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[**BitMEX**](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a popular trading platform for crypto derivatives that allows traders to buy and sell contracts for cryptocurrencies with a leverage of up to 100 times. It’s a **great platform for experienced crypto traders**. However, it also offers a really nice opportunity for new traders with their crypto paper trading app.\n\nSo, the way to paper trade cryptos with BitMEX is through **the BitMEX Testnet**.\n\nBitMEX Testnet lets you **work with** **derivatives**, in addition to buying and selling standard coins. You can also use the platform to **learn how to trade on BitMEX** and try out several strategies and techniques without risking your money.\n\nTherefore, BitMEX Testnet was specially designed for beginners to **get into the world of crypto derivatives trading**. But, of course, it is beneficial for advanced traders, as well.\n\nIt’s worth noting the **BitMEX and BitMEX Testnet are different platforms**, meaning that the latter is independent from the former. Due to that, you need to create a **completely new account on BitMEX Testnet**, regardless if you already have one on BitMEX.\n\n![Crypto paper trading app: BitMEX.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-bitmex.jpg)\n\nThough, no need to worry, as it’s very simple to sign in to BitMEX Testnet - essentially, you just need to provide an email address and a password.\n\nNow, once you create an account on BitMEX Testnet, you'll receive **100,000 Testnet** [**Tether**](https:\/\/www.bitdegree.org\/crypto\/buy-tether-usdt). You can use these coins to try out various strategies and techniques without risking your money. If you run out of Testnet coins, you can **replenish them from various faucets on the internet**.\n\nJust a heads up, the Testnet creates a **replica of the original account** to provide users with a genuine experience. However, users get to trade with Testnet coins that hold no actual value.\n\nAlso, it’s important to know one more thing: some users have pointed out that **BitMEX Testnet’s prices are not always aligned with those on BitMEX**. But that is completely normal, because the Testnet has its own order book and trading volume and real market movements may not always be reflected on it.\n\nRegardless of that, BitMEX is still a good paper trading crypto app, especially for those interested in crypto derivatives trading.\n\n[👉🏻 Visit BitMEX](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  \n[...or read our BitMEX review](https:\/\/www.bitdegree.org\/crypto\/bitmex-review)\n\n![Compare Crypto Exchanges Side by Side With Others](https:\/\/assets.bitdegree.org\/crypto\/assets\/images\/compare-crypto-exchanges.gif)\n\nDid you know?\n\nCompare Crypto Exchanges Side by Side With Others\n\nAll Crypto Exchanges may look similar to you but they're NOT all the same\\!\n\n[Yes! Show me the Comparison Chart](https:\/\/www.bitdegree.org\/crypto-exchange-comparison\/kraken-vs-bitmex)\n## [4\\. CryptoHopper - Ideal for Crypto Bots](https:\/\/www.bitdegree.org\/crypto\/goon\/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#4 out of 8 Crypto Exchanges\n\n![CryptoHopper - Ideal for Crypto Bots](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/cryptohopper-review-homepage-image.jpg)\n\n**Things we liked:**\n\n- **\\+** Free trial\n- **\\+** Supports most major cryptocurrency exchanges\n- **\\+** Automated and manual trading capabilities\n- **\\+** Specialized features for beginners and experienced traders\n- **\\+** Various testing tools\n\n**Things we didn't like:**\n\n- **\\-** Technical issues\n- **\\-** Overcharge concerns\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\nSo far, I’ve talked about some **exchange platforms that provide paper trading services**. However, this list also includes tools that enable users to simulate trading without any risks. **CryptoHopper** is one of them, as it’s a crypto trading bot and a crypto paper trading app.\n\n“*What’s CryptoHopper used for?*” you might ask. Well, it’s a **crypto trading automation tool** that allows users to **create and customize trading bots** that can buy and sell cryptocurrencies automatically. Put simply, it makes transactions easier and more efficient.\n\nJust keep in mind that **CryptoHopper is not an exchange platform**; it’s a tool used on [**exchanges**](https:\/\/www.bitdegree.org\/crypto\/best-cryptocurrency-exchange).\n\nWell, that’s one side of it. The other, which is the one we are interested in now, is the paper trading service. As a paper trading crypto app, CryptoHopper lets you **open a** **demo account and train various bots, testing out automation strategies for crypto trading**.\n\n![Crypto paper trading app: CryptoHopper.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-cryptohopper.jpg)\n\nWhat’s more, you can **link all of your crypto exchange accounts and manage them**, all in one place. This way, you can keep track of cryptocurrency prices using a feature called \"**trailing**,\" which will notify you when the trend changes.\n\nBesides, this tool also provides helpful features, such as the **ability to copy other traders and a variety of bot templates to start with**.\n\nNow, once you create a demo account, you can **deposit** **up to 100,000 in any currency and use the simulator to practice**. However, you'll have seven days to try out different features and trade various cryptocurrencies, including [**Bitcoin**](https:\/\/www.bitdegree.org\/crypto\/buy-bitcoin-btc), [**Ethereum**](https:\/\/www.bitdegree.org\/crypto\/buy-ethereum-eth), [**Litecoin**](https:\/\/www.bitdegree.org\/crypto\/buy-litecoin-ltc), and more.\n\nBy the way, there is a drawback for beginners, as **Cryptohopper’s paper trading simulator is not so easy to use**. Thus, it may not be recommended for new traders who want to focus on standard trading instead of automation. Though, If you're up for the challenge, Cryptohopper is a good choice for anyone who wants to use bots in trading.\n\n[👉🏻 Visit Cryptohopper](https:\/\/www.bitdegree.org\/crypto\/goon\/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  \n[...or read our Cryptohopper review](https:\/\/www.bitdegree.org\/crypto\/cryptohopper-review)\n## [5\\. TradingView - Allows Tracking Multiple Strategies](https:\/\/www.bitdegree.org\/crypto\/goon\/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#5 out of 8 Crypto Exchanges\n\n![TradingView - Allows Tracking Multiple Strategies](https:\/\/assets.bitdegree.org\/images\/tradingview-review-homepage-image.png)\n\n**Things we liked:**\n\n- **\\+** Market data for 2 million+ financial instruments\n- **\\+** 20+ virtual chart types and customizable tools\n- **\\+** Trading functionalities within the chart\n- **\\+** Calendar for key financial events\n\n**Things we didn't like:**\n\n- **\\-** Poor customer service\n- **\\-** The free plan is quite limiting\n\n[Visit site](https:\/\/www.bitdegree.org\/crypto\/goon\/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\nVerifiedStaff Pick\n\n## 17% OFF\n### TradingView Subscription Discount\nUpgrade to a yearly plan and get up to a 17% TradingView discount instantly! More value for your trading toolkit, all year long.\n\nExpiration date: 15\/04\/2026\n\n5,211 People Used\n\nOnly 9 Left\n\nRating\n\n5\\.0\n\n[Get deal](https:\/\/www.bitdegree.org\/crypto\/goon\/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n**TradingView** is a trading tool that can be used for various purposes. I’ll tell you more about its use cases in a second, but know that **it’s also a crypto paper trading app**. You can use it to create a virtual account, receive fake money, and start trading cryptocurrencies in real time without risking any of your own funds.\n\nNow, talking about what this platform does, it provides traders and investors with a **range of tools to examine financial markets**. It offers live information, adjustable charts, tools for [**technical analysis**](https:\/\/www.bitdegree.org\/crypto\/learn\/best-technical-analysis-indicators-for-crypto), and a social network of traders where individuals can exchange their thoughts and tactics.\n\nWhat’s more, it has the ability to **track multiple trading strategies at once** - this can be especially helpful for those who want to compare different approaches and find the one that works best for them.\n\nAdditionally, it enables users to take snapshots of their trade setups and view their virtual purchases and account balances, allowing them to make informed decisions and track their progress.\n\n![Crypto paper trading app: TradingView.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-tradingview.jpg)\n\nAgain, the reason why TradingView is included in this list is exactly because, like the other options listed, **it allows you to** **simulate live trading**.\n\nSo, when you create an account and log in to use the paper trading feature, **you will receive \\$100,000**, which you can reset at any time.\n\nMoreover, TradingView has an **easy-to-use interface** that makes it accessible to beginners, while its **advanced charting tools** make it attractive to more experienced traders.\n\nHowever, there’s one major drawback to TradingView's paper trading platform, which is **the lack of customer support**. Many users have reported that customer support is almost nonexistent, which can be frustrating if you need help or have any issues with the app.\n\nOverall, though, TradingView is a sufficient choice for those who want to practice crypto trading, as well as track multiple trading strategies. It’s good for both beginners and experienced traders alike.\n\n[👉🏻 Visit TradingView](https:\/\/www.bitdegree.org\/crypto\/goon\/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  \n[...or read our TradingView review](https:\/\/www.bitdegree.org\/crypto\/tradingview-review)\n## [6\\. BYDFi - User-Friendly Trading for All](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#6 out of 8 Crypto Exchanges\n\n![BYDFi - User-Friendly Trading for All](https:\/\/assets.bitdegree.org\/images\/bydfi-review-homepage-website.jpg)\n\n**Things we liked:**\n\n- **\\+** Huge trading variety\n- **\\+** Regulation-compliant around the globe\n- **\\+** Fair trading fees\n- **\\+** Beginner-friendly tools\n- **\\+** Copy trading functionality\n\n**Things we didn't like:**\n\n- **\\-** No NFT services\n- **\\-** No staking capability\n\nVerifiedStaff Pick\n\n## 2,000 DEPOSIT BONUS\n### New Year Deal - BYDFi\nStart 2026 with a huge reward – claim up to 2,000 BYDFi deposit bonus! Just sign up with the referral code \"7xdZ3t\" and make a deposit to unlock your bonus. Act fast\\!\n\nExpiration date: 14\/04\/2026\n\n1,009 People Used\n\nOnly 15 Left\n\nRating\n\n5\\.0\n\n[Get deal](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[**BYDFi**](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a cryptocurrency exchange platform that aims to provide a **user-friendly experience for both novice and experienced traders**. While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include:\n\n- Spot Trading: Buy and sell cryptocurrencies at current market prices.\n- Derivatives Trading: Trade cryptocurrency futures and options contracts.\n- Copy Trading: Automatically replicate the trades of experienced traders.\n- Mobile App: Trade on iOS and Android devices.\n- Educational Resources: Guides and tutorials for learning about crypto trading.\n- Trading Bots: Use automated tools to trade cryptocurrencies like a pro.\n\nThe platform supports more than 400 cryptocurrencies, **including** [**Bitcoin (BTC)**](https:\/\/www.bitdegree.org\/crypto\/buy-bitcoin-btc), [**Ethereum (ETH)**](https:\/\/www.bitdegree.org\/crypto\/buy-ethereum-eth), **and** [**Litecoin (LTC)**](https:\/\/www.bitdegree.org\/crypto\/buy-litecoin-ltc). BYDFi also aims to provide competitive trading fees by offering a flat maker\/taker rate of **0\\.1%** on its spot trading platform.\n\nBYDFi is available in the US, Canada, and 150 other countries.\n\nWhen it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses **Amazon Web Services, multi-factor authentication and hardware verification**, as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts.\n\n[👉🏻 Visit BYDFi](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  \n[...or read our BYDFi review](https:\/\/www.bitdegree.org\/crypto\/bydfi-review)\n## [7\\. NDAX.io - Canada’s Trusted Crypto Exchange](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#7 out of 8 Crypto Exchanges\n\n![NDAX.io - Canada’s Trusted Crypto Exchange](https:\/\/assets.bitdegree.org\/images\/ndax-review-homepage-image.png)\n\n**Things we liked:**\n\n- **\\+** All-in-one trading platform for individuals\n- **\\+** Earn passive income through Ndax staking\n- **\\+** High-level of security and compliance\n\n**Things we didn't like:**\n\n- **\\-** Canadian-focused trading platform\n\nVerifiedStaff Pick\n\n## \\$65K IN CRYPTO PRIZES\n### Ndax Ice Canadian Playoff Challenge\nHockey meets crypto action! Predict daily Stanley Cup® playoff winners in the Ndax app and compete for your share of over \\$65K in crypto credits. Plus, earn entries for Stanley Cup tickets & more\\!\n\nExpiration date: 13\/04\/2026\n\n2,452 People Used\n\nOnly 11 Left\n\nRating\n\n5\\.0\n\n[Get deal](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[**NDAX**](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) (National Digital Asset Exchange) is a Canadian cryptocurrency platform that offers a curated selection of approximately 40 digital assets, **including** [**Bitcoin (BTC)**](https:\/\/www.bitdegree.org\/crypto\/buy-bitcoin-btc), [**Ethereum (ETH)**](https:\/\/www.bitdegree.org\/crypto\/buy-ethereum-eth), **and** [**Cardano (ADA)**](https:\/\/www.bitdegree.org\/crypto\/buy-cardano-ada). The platform caters to both individual and institutional investors with features such as simple trading, staking with **up to 13% APY** on select cryptocurrencies, auto-invest options, and advanced trading tools.\n\nThe majority of NDAX’s client assets are held offline in [**cold storage**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-cold-storage), utilizing multi-signature technology provided by [**Ledger Vault**](https:\/\/www.bitdegree.org\/crypto\/goon\/ledger?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) to ensure optimal protection.\n\nAdditionally, NDAX offers **insurance coverage of** **\\$5 million** for cold wallets, safeguarding against risks like fraud, internal theft, and hardware security module (HSM) malfunctions. [**Hot wallets**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-hot-wallet) are insured for **up to \\$3 million** per incident, and the company maintains CAD 5 million in general business liability insurance.\n\nNDAX also has strong regulatory compliance and security certification. These include registrations with:\n\n- Canadian Investment Regulatory Organization (CIRO);\n- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC);\n- Revenue Québec.\n\nIn addition, it is the first Canadian crypto platform to achieve SOC 2 Type II certification, reflecting its dedication to maintaining high security and operational standards. Additionally, with a competitive trading fee of 0.2%, NDAX provides a secure and user-friendly environment for cryptocurrency trading and investment.\n\n[👉🏻 Visit Ndax](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  \n[...or read our Ndax review](https:\/\/www.bitdegree.org\/crypto\/ndax-review)\n## [8\\. Shakepay - Canadian-Based Exchange for BTC and ETH](https:\/\/www.bitdegree.org\/crypto\/goon\/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#8 out of 8 Crypto Exchanges\n\n![Shakepay - Canadian-Based Exchange for BTC and ETH](https:\/\/assets.bitdegree.org\/images\/shakepay-review-homepage-image-.jpg)\n\n**Things we liked:**\n\n- **\\+** Zero fees\n- **\\+** Easy-to-use interface\n- **\\+** Insurance protection on cold ctorage\n- **\\+** Shakepay Visa card for spending CAD balances\n\n**Things we didn't like:**\n\n- **\\-** Canada-exclusive availability\n- **\\-** Small selection of tokens\n- **\\-** No phone-based customer support\n\n[**Shakepay**](https:\/\/www.bitdegree.org\/crypto\/goon\/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a Canadian cryptocurrency platform focused on facilitating the buying and selling of [**Bitcoin**](https:\/\/www.bitdegree.org\/crypto\/buy-bitcoin-btc) **and** [**Ethereum**](https:\/\/www.bitdegree.org\/crypto\/buy-ethereum-eth). It is known for its **intuitive interface and commission-free transactions**, making it easy for users to buy and sell these two popular cryptocurrencies.\n\nWhile its crypto offering is extremely streamlined compared to other platforms, Shakepay offers other features like **crypto Visa cards and crypto integration for businesses**. These show how the platform aims to make crypto accessible to the general masses without intimidating them with the steep learning curve of trading.\n\n![Shakepay review summary: Shakepay's benefits.](https:\/\/assets.bitdegree.org\/images\/shakepay-review-summary-benefits.jpg)\n\nDespite its rather simple offerings, Shakepay doesn’t skimp on security. The platform stores a majority of digital currencies in cold storage wallets. It partners with an **NYDFS** (*New York State Department of Financial Services*)-regulated provider who holds **SOC 1 Type II and SOC 2 Type II certifications**.\n\nShakepay also holds an insurance policy on the digital currencies held in [**cold storage**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-cold-storage). This policy covers most damages, theft, and loss of private keys.\n\nIn terms of account security, the platform implements essential measures, **like two-factor authentication, device lock, and 256-bit AES encryption for data protection**. These make Shakepay a solid choice for those looking for a simple and secure way to get started with Bitcoin and Ethereum.\n\n[👉🏻 Visit Shakepay](https:\/\/www.bitdegree.org\/crypto\/goon\/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)  \n[...or read our Shakepay review](https:\/\/www.bitdegree.org\/crypto\/shakepay-review)\n\n## Best Crypto Paper Trading App: What is Paper Trading?\nIf you're looking for the best crypto paper trading app, you probably already know **what crypto paper trading is**. *However, just to be sure, let’s talk about it a bit.*\n\nEssentially, crypto paper trading is a **tool that allows to simulate live transactions, without the need to actually put real money into it**. In other words, a paper trade is a way for investors to practice trading with no risk of losing funds.\n\nBy the way, when I mention “*live transactions*” or “*live markets*”, I mean the actual, real-time trading that takes place on financial markets - like [**Binance**](https:\/\/www.bitdegree.org\/crypto\/goon\/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Coinbase**](https:\/\/www.bitdegree.org\/crypto\/goon\/coinbase?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Bybit**](https:\/\/www.bitdegree.org\/crypto\/goon\/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and so on - for assets like stocks, cryptocurrencies, and [**commodities**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-digital-commodity).\n\nSince there is no risk of losing your money, the contrary is also true: **you don’t earn anything in return**, even if you make a really successful trade. Given that, you might be wondering – *What’s the point, then?*\n\n![Crypto paper trading app: Checklist.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-checklist.jpg)\n\nWell, the point is **to** **experiment and learn**! Paper trading is meant for beginners to familiarize themselves with trading and for seasoned traders to **explore new strategies** while honing their skills in buying and selling securities.\n\nNot only that, by paper trading crypto assets, investors and traders can **test out different trading platforms and even different order types**, such as [**limit orders**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-limit-order-limit-buy-limit-sell), [**stop-loss**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-stop-loss-order), and [**market orders**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-market-order-market-buy-market-sell).\n\nBy the way, paper transactions work by using a **virtual trading account with fake funds**. However, even though it’s a fabricated scenario, crypto paper trading apps track the crypto market and mimic real-time changes, making the whole experience quite genuine.\n\n*Pretty interesting, right?*\n\nNote that, since it’s a simulation, **crypto paper trading apps will not always be able to completely reproduce the reality of live markets**, as there are many variables that are not necessarily predictable. Furthermore, they are better suited for [**day trading**](https:\/\/www.bitdegree.org\/crypto\/best-crypto-exchange-for-day-trading), rather than for long-term strategies.\n\n![Crypto paper trading app: Bitcoin.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-bitcoin.jpg)\n\nThough, there is a way to **overcome the limitation of paper trading**, investors need to use genuine trading techniques and goals in order to get the most out of paper trading. This entails taking into consideration the same risk-return goals, investment restrictions, and trading time frame that would be used with a live account.\n\nIn other words, don't think of it as a simulation; take it seriously.\n\nThat said, taking it seriously also means **planning how you'll fund and cash out later**, and [**Ogvio**](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) can be great for that. The platform shows bank transfer fees upfront with fair exchange rates before you confirm. In addition, for crypto moves, Ogvio is almost **instant and doesn't charge any fees**.\n\nThat way, the crypto paper trading experience can be **as accurate and positive as possible**.\n\nNow, some of the platforms I included in this list refer to their paper trading feature as a “**testnet**”. *What are those?* Simply put, in this context, a testnet is a type of paper trading, in the sense that it’s used to **test trading strategies**.\n\nThough, note that [**testnets**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-testnet) **are usually viewed as a playground for blockchain developers to test their ideas** and make sure everything is working smoothly - by finding and fixing bugs, for example - before they launch their projects on the [**mainnet**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-mainnet) (the main network).\n\nThe paper trading crypto apps I've covered in this article, though, help you simulate live trading - whether they are called **testnet, paper trading, or even mock trading**, they all refer to the same thing in this context.\n\n## Conclusions\nWell, that's it for our exploration of crypto paper trading apps. I've covered what they are, how they work, and why they're worth considering for anyone looking to get into crypto trading. I've also looked at some of the best crypto paper trading platforms available, including [**Binance**](https:\/\/www.bitdegree.org\/crypto\/goon\/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Bybit**](https:\/\/www.bitdegree.org\/crypto\/goon\/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [**Kraken**](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app).\n\nThus, by now, you should have a good understanding of what paper trading cryptos can offer and how it can help you **refine your trading skills without risking any real money**. Therefore, whether you're a complete beginner or a seasoned trader looking to test out new strategies, paper trading can be an invaluable tool for **learning and experimentation**.\n\nSo, if you're thinking about getting into the crypto world, consider giving paper trading crypto a try. Who knows, you might just discover your **inner trading wizard** and start making some serious profits in the live markets.\n\nTalking about profits, if you're looking to make some extra money on the side, check out [**Ogvio's**](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio-earn?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) referral program, where you can **earn \\$10 for every 3 friends you invite**. Also, there are no limits on how many people you can invite\\!\n\n[See User Reviews](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#user-reviews)\n\n***\n### Other Crypto Exchanges in This Category\nHere are other crypto exchanges related to the category but not as favored by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchanges in the list with the higher rating that I'd [recommend for the same price range or less.](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#top-rating-table)\n\n### eToro - Great for Beginners\n![eToro - Great for Beginners](https:\/\/assets.bitdegree.org\/crypto\/storage\/media\/etoro-homepage-image.o.jpg)\n\n**Things we liked:**\n\n- **\\+** Copy trading service available\n- **\\+** A variety of cryptocurrencies to choose from\n- **\\+** Beginner-friendly\n\n**Things we didn't like:**\n\n- **\\-** Relatively high fees\n- **\\-** Slow customer support\n\nDon’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.\n\nYou might have heard of eToro as a trading platform, but did you know that it is also considered a crypto paper trading app? That's because it provides **demo accounts so you can practice live trading**.\n\nThe demo account gives access to all eToro's features. So, you can **install metrics, draw lines, and trends, and enter buy and sell orders** - all without risking real money, of course.\n\nNot only that, the virtual account provides **advanced trading tools**, including leverage, stop-loss, and take-profit, to experiment with various risk levels.\n\nFurthermore, when it comes to usability, eToro doesn’t stay behind. **The interface is clean and easy to use**. It is also simple to start paper trading cryptos in eToro, as you only need to **open a demo account on the platform**.\n\nBy the way, it’s free to sign up and, after you create your account, you receive **\\$100,000 in virtual funds** so you can practice paper trading right away. This amount is sufficient to help you learn the ropes of trading, but not too much to prevent you from working within reasonable limits.\n\n![Crypto paper trading app: eToro.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-etoro.jpg)\n\nGiven everything I said so far, it seems clear that **eToro’s paper trading crypto app was specially created for beginners**, due to its simple interface and beginner-friendly protocols.\n\nHowever, if you are an advanced trader, it's still a sufficient platform for you as it’s **primarily designed to hone trading skills overall**.\n\nAt last, note that eToro has the **social news stream**, which enables you to **discuss concepts and chart analysis with other users**, creating a worldwide trader network.\n\nSo, to summarize, using eToro's virtual accounts can help you gain confidence in trading before investing real money. It is dubbed as one of the best crypto paper trading apps by some as it provides a safe environment to learn and practice trading.\n\n*The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.*\n\n## Scientific References\n1\\. A. Jalan, R. Matkovskyy, A. Urquhart: 'What Effect Did the Introduction of Bitcoin Futures Have On the Bitcoin Spot Market?';\n\n2\\. J.R. Jensen, V. von Wachter, O. Ross: 'Leveraged Trading on Blockchain Technology'.\n\n## About Article's Experts & Analysts\n[![Aaron S. Editor-In-Chief](https:\/\/assets.bitdegree.org\/images\/aaron.jpg?tr=w-70)](https:\/\/www.bitdegree.org\/about-us\/analysts\/aaron-s-editor-in-chief)\n\nBy [Aaron S.](https:\/\/www.bitdegree.org\/about-us\/analysts\/aaron-s-editor-in-chief)\n\nEditor-In-Chief\n\nHaving completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...\n\n**[Full Bio](https:\/\/www.bitdegree.org\/about-us\/analysts\/aaron-s-editor-in-chief)**\n\n**Behind every content piece, there is an Expert.**[Learn About Our Expert Contributors & Analysts](https:\/\/www.bitdegree.org\/about-us\/analysts)\n\n[![Aaron S. Editor-In-Chief](https:\/\/assets.bitdegree.org\/images\/aaron.jpg?tr=w-70)](https:\/\/www.bitdegree.org\/about-us\/analysts\/aaron-s-editor-in-chief)\n\n**[Aaron S.](https:\/\/www.bitdegree.org\/about-us\/analysts\/aaron-s-editor-in-chief)**\n\nEditor-In-Chief\n\nHaving completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.  \n With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.  \n Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.  \n Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.\n\n**[Full Bio](https:\/\/www.bitdegree.org\/about-us\/analysts\/aaron-s-editor-in-chief)**\n\n[**See Our Experts**](https:\/\/www.bitdegree.org\/about-us\/analysts)\n\n[![Kraken Logo](https:\/\/assets.bitdegree.org\/images\/kraken-review-horizontal-logo-v1.png)**KRAKEN**](https:\/\/www.bitdegree.org\/crypto\/kraken-review)\n\n[![BYDFi Logo](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/BYDFi%20logo%20small.png)**BYDFI**](https:\/\/www.bitdegree.org\/crypto\/bydfi-review)\n\n9\\.8\n\nVS\n\n9\\.6\n\n[Compare](https:\/\/www.bitdegree.org\/crypto-exchange-comparison\/kraken-vs-bydfi)\n\n[![Kraken Logo](https:\/\/assets.bitdegree.org\/images\/kraken-review-horizontal-logo-v1.png)**KRAKEN**](https:\/\/www.bitdegree.org\/crypto\/kraken-review)\n\n[![Coinbase Logo](https:\/\/assets.bitdegree.org\/images\/coinbase-review-horizontal-logo.png)**COINBASE**](https:\/\/www.bitdegree.org\/crypto\/coinbase-review)\n\n9\\.8\n\nVS\n\n9\\.4\n\n[Compare](https:\/\/www.bitdegree.org\/crypto-exchange-comparison\/coinbase-vs-kraken)\n\nTOP3 Recommended Crypto Exchanges:\n\n[![Top Crypto Exchange](https:\/\/assets.bitdegree.org\/images\/kraken-review-horizontal-logo-v1.png)](https:\/\/www.bitdegree.org\/crypto\/kraken-review)\n\n9\\.8\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/kraken-review)\n\n[![Top Crypto Exchange](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/BYDFi%20logo%20small.png)](https:\/\/www.bitdegree.org\/crypto\/bydfi-review)\n\n9\\.6\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/bydfi-review)\n\n[![Top Crypto Exchange](https:\/\/assets.bitdegree.org\/images\/coinbase-review-horizontal-logo.png)](https:\/\/www.bitdegree.org\/crypto\/coinbase-review)\n\n9\\.4\n\n[Read review](https:\/\/www.bitdegree.org\/crypto\/coinbase-review)\n***\nHow we review crypto exchanges\n\n- **1\\.** Collect data based on user reviews.\n- **2\\.** Investigate the crypto exchanges online.\n- **3\\.** Usually, test the crypto exchanges ourselves.\n- **4\\.** Evaluate & rank online crypto exchanges.\n- **5\\.** Publish crypto exchange reviews & guides.\n\n[See BEST-RATED Exchanges](https:\/\/www.bitdegree.org\/crypto\/best-cryptocurrency-exchange)\n\n**Disclosure:** To keep our site running & free of charge, we may sometimes receive a small commission if a reader decides to purchase services via some links on site, at no extra cost.\n\n***\nTOP3 Most Popular Coupon Codes\n\n![Changelly Review](https:\/\/assets.bitdegree.org\/images\/logo-new-rocket-black.png)\n\nVerified\n\nWIN AN EXCLUSIVE WALLET250 SafePal x Changelly Wallets Up for Grabs\\!\n\nRating5\\.0\n\n[Get deal](https:\/\/www.bitdegree.org\/crypto\/goon\/changelly-safepal-giveaway?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[See all Provider Coupons](https:\/\/www.bitdegree.org\/crypto\/deals\/changelly-promo-code)\n\n![Summ Review](https:\/\/assets.bitdegree.org\/images\/summ-review-horizontal-logo.png)\n\nVerified\n\nGET 20% DISCOUNTOn Any Summ Plan\n\nRating5\\.0\n\n[Get deal](https:\/\/www.bitdegree.org\/crypto\/goon\/summ?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n![ZERO FEES](https:\/\/assets.bitdegree.org\/images\/ogvio-logo.png)\n\nVerified\n\nZERO FEESFor Ogvio Money Transfers\n\nRating5\\.0\n\n[Get deal](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n## Recent Best Crypto Paper Trading App User Reviews\nHI\n\n### Hook Ioana\n5\\.0\/5.0 - Kraken User\n\n17\/02\/2026\n\n#### PRO level :)\nHow come no one told me to start using Kraken PRO sooner. I regret missing oportunity. At least now i'm at a level that I can use the platform to it's full potential\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nLA\n\n### Larry Alford\n4\\.6\/5.0 - Crypto.com User\n\n14\/01\/2026\n\n#### Used to great…\nIt started out great but Now I want to withdraw my funds but cannot\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nS\n\n### shakir\n5\\.0\/5.0 - Kraken User\n\n07\/02\/2026\n\n#### Upgrade\nHad to upgrade to higher tier because fiat payments were not eligible. As promised, got verified in few days. Don't know what I was hesitant about :) now have unlocked all the available features\\!\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nKD\n\n### Keegan D\n4\\.8\/5.0 - Coinbase User\n\n21\/03\/2026\n\n#### Niche cryptos\nThe fact that they don't add the niche cryptos is a blessing and a curse. I get that it's a safety precaution, so now i use less-legit exchanges to chase the hype and maybe earn a bit on the side.\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nC\n\n### Chanel\n5\\.0\/5.0 - Kraken User\n\n18\/01\/2026\n\n#### Decent amount of cryptos\nWell, the number of cryptocurrencies is reasonable, I don't think the higher the number, the better the exchange... I personally choose few cryptos at a time to focus on trading.\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nKCM\n\n### K. C. Michael\n5\\.0\/5.0 - Coinbase User\n\n03\/02\/2026\n\n#### Average user\nThe interface and navigation is not as intimidating as i have seen on other exchanges, all main functions are easy to find and use. The clean design is average user fiendly\\!\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nLC\n\n### Lynn Cassidy\n4\\.8\/5.0 - Coinbase User\n\n11\/01\/2026\n\n#### Sharing info on the platform\nCoinbase security have never disappointed me, but knowing that my account is not anonymous and my wallet can be frozen keeps me on my toes... :\\|\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nRK\n\n### ray keenan\n5\\.0\/5.0 - Coinbase User\n\n20\/01\/2026\n\n#### what about some customization?\nThe platform is very functional and all but I wish customization was available. Personalising design or colour themes and feature placements would be a great option\\!\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nPWJ\n\n### P. Watson Jr\n5\\.0\/5.0 - Coinbase User\n\n25\/03\/2026\n\n#### Senior user\nVery glad I chose this platform from the get go, the recommendations and positive feedback enticed me. All of it still holds up after years of trading, I only have hard time catching up to all the new updates and improvements, so reading acticles like this binance review makes the process easier. Overall though, the basic funtions and options are often more than enough for majority of users.\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nEK\n\n### E. Kramer\n5\\.0\/5.0 - Coinbase User\n\n21\/01\/2026\n\n#### Never had issues\nI can happily vouch for the security on Coinbase. Had to seet it to believe it, no issues to this day. The sertifications they have acieved only add to the trust\\!\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nCN\n\n### CJ Noor\n5\\.0\/5.0 - Kraken User\n\n10\/02\/2026\n\n#### annoying but necessary\nSecurity measure arround every corner:D Was annoyed at first but now got used to it and i generally feel safer about my money on the platform\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nEJ\n\n### E. Joyner\n4\\.8\/5.0 - Kraken User\n\n10\/01\/2026\n\n#### Fees in EU\nGlad fees on this platform are not too high and deposits are free in the EU. I withdraw quite often so those costs do add up :\/\/\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nKB\n\n### Kourtney Burch\n5\\.0\/5.0 - Kraken User\n\n25\/01\/2026\n\n#### The App\nRecently tried out the Kraken app and it was a game changer for short trading sessions!!\\!\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nL-C\n\n### LC - Correa\n5\\.0\/5.0 - Coinbase User\n\n06\/03\/2026\n\n#### transfers\nvery easy to transfer between coinbase, gdax and other platforms. didnt experience any issues\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nMTM\n\n### Marcie the Mute\n4\\.0\/5.0 - Crypto.com User\n\n04\/02\/2026\n\n#### Wait for so long\nLong time for waiting registration\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nL\n\n### Lilly-vanily\n5\\.0\/5.0 - Coinbase User\n\n28\/03\/2026\n\n#### Happy that coinbase is in my country\nIt's a shame that Coinbase in not available in more countries. Just happy I had the opportunity to move and now can have this new trading experience.\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nSM\n\n### Sound Marcie\n5\\.0\/5.0 - Crypto.com User\n\n08\/02\/2026\n\n#### Best\nI really dont understand what people are complaining about\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nH\n\n### Hal6574\n5\\.0\/5.0 - Kraken User\n\n20\/01\/2026\n\n#### SIMPLE\nThe newbie trading makes it very easy to use the platform\\!\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nMD\n\n### Matias Dale\n4\\.8\/5.0 - Kraken User\n\n23\/02\/2026\n\n#### first exchange\nIt took me more time than i expected to figure out how to use the exchange. Totally get why not many beginners go for Kraken as their first exchange. Aside from that, have no other issues.\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\nLD\n\n### Lease Denise\n4\\.2\/5.0 - Crypto.com User\n\n27\/01\/2026\n\n#### After 6 months of use, I love it\\!\nHere, I'm rating the crypto.com app and the debit card. My experience so far it's been great\\!\n\n### Evaluation\nPrice value\n\nEase of Use\n\nExperience\n\nFeatures\n\nSafety\n\n1\n\n2\n\n3\n\n4\n***\n#### Leave your honest Best Crypto Paper Trading App review\nLeave your genuine opinion & help thousands of people to choose the best crypto exchange. All reviews, either positive or negative, are accepted as long as they're honest. We do not publish biased reviews or spam. So if you want to share your experience, opinion or give advice - the scene is yours\\!\n\n## FAQ\n### What are crypto paper trading apps?\nCrypto paper trading apps are **software applications that simulate live trading of cryptocurrencies using fake funds**, without risking any real money. So, they are a great way to learn how to trade or test out your trading strategies before using them on the actual crypto market. Some of the best crypto paper trading apps include [**Binance**](https:\/\/www.bitdegree.org\/crypto\/goon\/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Bybit**](https:\/\/www.bitdegree.org\/crypto\/goon\/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [**Kraken**](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app).\n\n### Why should I use a crypto paper trading app?\nCrypto paper trading apps can be beneficial for several reasons. Firstly, they allow users to **practice trading in a risk-free environment**, helping them gain confidence in their trading skills. Additionally, users can **test and refine different trading strategies** without risking real money. Finally, using a paper trading app, like [**Bybit**](https:\/\/www.bitdegree.org\/crypto\/goon\/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Binance**](https:\/\/www.bitdegree.org\/crypto\/goon\/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), or [**Kraken**](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), can help users **learn about the cryptocurrency market** and become more familiar with the trading process overall.\n\n### How to pick the best crypto exchange for yourself?\nPicking out the **[best crypto exchange](https:\/\/www.bitdegree.org\/crypto\/best-cryptocurrency-exchange)** for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess **top-tier security features,** but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario\\!\n\n### Which cryptocurrency exchange is best for beginners?\nReading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are **very simple to use.** While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that **[KuCoin](https:\/\/www.bitdegree.org\/crypto\/goon\/kucoin?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is one of the simpler exchanges on the current market.**\n\n### What is the difference between a crypto exchange and a brokerage?\nIn layman's terms, a cryptocurrency exchange is a place where you **meet and exchange cryptocurrencies with another person.** The exchange platform (i.e. [Kraken](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no \"other person\" - you come and **exchange your crypto coins or fiat money with the platform in question,** without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.\n\n### Are all the top cryptocurrency exchanges based in the United States?\nNo, definitely not! While some of the **top cryptocurrency exchanges** are, indeed, based in the United States (i.e. [KuCoin](https:\/\/www.bitdegree.org\/crypto\/goon\/kucoin?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) or [Kraken](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)), there are other very well-known **industry leaders that are located all over the world.** For example, [Binance](https:\/\/www.bitdegree.org\/crypto\/goon\/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.\n\n![Squeeze Me In](https:\/\/assets.bitdegree.org\/assets\/subscribe.svg)\n\nGet Daily Crypto Insights That Finally Click\n\nJoin 120,000+ Daily Squeeze subscribers and get our 5 min newsletter with the juicy insights, and tips to spice up your investment game daily.\n\nSqueeze Me In\n\nSubscribe to Crypto Newsletter\n\nEducation\n\n- [Learn & Earn](https:\/\/www.bitdegree.org\/missions)\n- [Crypto 101](https:\/\/www.bitdegree.org\/crypto\/learn)\n- [Crypto Newsletter](https:\/\/www.bitdegree.org\/crypto\/newsletter)\n- [Crypto Guides](https:\/\/www.bitdegree.org\/crypto\/tutorials)\n- [Crypto News](https:\/\/www.bitdegree.org\/crypto\/news)\n- [Crypto Videos](https:\/\/www.bitdegree.org\/crypto\/videos)\n- [Crypto Deals](https:\/\/www.bitdegree.org\/crypto\/deals)\n- [Play to 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logo](https:\/\/assets.bitdegree.org\/crypto-prices\/coins\/tether.png?tr=w-16) Tether (USDT)](https:\/\/www.bitdegree.org\/cryptocurrency-prices\/tether-usdt-price)\n- [![BNB (BNB) logo](https:\/\/assets.bitdegree.org\/crypto-prices\/coins\/bnb.png?tr=w-16) BNB (BNB)](https:\/\/www.bitdegree.org\/cryptocurrency-prices\/bnb-bnb-price)\n- [![XRP (XRP) logo](https:\/\/assets.bitdegree.org\/crypto-prices\/coins\/xrp.png?tr=w-16) XRP (XRP)](https:\/\/www.bitdegree.org\/cryptocurrency-prices\/xrp-xrp-price)\n\nTop Crypto Exchanges\n\n- [![Bybit logo](https:\/\/assets.bitdegree.org\/crypto-prices\/exchanges\/bybit.png?tr=w-16) Bybit](https:\/\/www.bitdegree.org\/top-crypto-exchanges\/bybit)\n- [![Kraken logo](https:\/\/assets.bitdegree.org\/crypto-prices\/exchanges\/kraken.png?tr=w-16) Kraken](https:\/\/www.bitdegree.org\/top-crypto-exchanges\/kraken)\n- [![Bitget logo](https:\/\/assets.bitdegree.org\/crypto-prices\/exchanges\/bitget.png?tr=w-16) Bitget](https:\/\/www.bitdegree.org\/top-crypto-exchanges\/bitget)\n- [![Binance logo](https:\/\/assets.bitdegree.org\/crypto-prices\/exchanges\/binance.png?tr=w-16) Binance](https:\/\/www.bitdegree.org\/top-crypto-exchanges\/binance)\n- [![MEXC logo](https:\/\/assets.bitdegree.org\/crypto-prices\/exchanges\/mxc.png?tr=w-16) MEXC](https:\/\/www.bitdegree.org\/top-crypto-exchanges\/mxc)\n\nTop Crypto Wallets\n\n- [Ledger Flex Review](https:\/\/www.bitdegree.org\/crypto\/ledger-flex-review)\n- [Trezor Safe 7 Review](https:\/\/www.bitdegree.org\/crypto\/trezor-safe-7-review)\n- [Ledger Nano Gen5 Review](https:\/\/www.bitdegree.org\/crypto\/ledger-nano-gen5-review)\n\nTop Reviews\n\n- [Kraken Review](https:\/\/www.bitdegree.org\/crypto\/kraken-review)\n- [BYDFi Review](https:\/\/www.bitdegree.org\/crypto\/bydfi-review)\n- [Coinbase Review](https:\/\/www.bitdegree.org\/crypto\/coinbase-review)\n- [Crypto.com Review](https:\/\/www.bitdegree.org\/crypto\/crypto-com-review)\n- [Bitbuy 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Additional terms may apply to free offers.   \n**Disclosure:** To ensure our site's review data always stays free & running up to date, sometimes we might receive a small commission if the reader purchases through our site links, at zero additional cost.\n\nThe content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.\n\n[Sitemap](https:\/\/www.bitdegree.org\/crypto\/sitemap)[Legal & Privacy](https:\/\/www.bitdegree.org\/policies)[Cookie Policy](https:\/\/www.bitdegree.org\/cookie-policy)[Advertiser Disclosure](https:\/\/www.bitdegree.org\/disclosure)\n\n![binance](https:\/\/assets.bitdegree.org\/assets\/gift-icon.png?tr=w-60,h-60,q-100)\n\n×\n\n![binance-logo](https:\/\/assets.bitdegree.org\/images\/logo-new-rocket-black.png)\n\nVerified\n\n## WIN AN EXCLUSIVE WALLET\n##### 250 SafePal x Changelly Wallets Up for Grabs\\!\n\nRating\n\n5\\.0\n\n[Get deal](https:\/\/www.bitdegree.org\/crypto\/goon\/changelly-safepal-giveaway?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\n\n[See all Provider Coupons](https:\/\/www.bitdegree.org\/crypto\/deals\/changelly-promo-code)\n\n×\n\n![BitDegree.org](https:\/\/assets.bitdegree.org\/assets\/about-us\/fact-check-process-icon.png?tr=w-50)\n\n### BitDegree.org\n## Fact-checking Standards\n\nTo ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & [review methodology.](https:\/\/www.bitdegree.org\/about-us\/review-process)   \n Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. Our extensive [Web3 Expert Network](https:\/\/www.bitdegree.org\/about-us\/analysts) is compiled of professionals from leading companies, research organizations and academia.\n\n#### All the content on BitDegree.org meets these criteria:\n- Only authoritative sources like academic associations or journals are used for research references while creating the content.\n- The real context behind every covered topic must always be revealed to the reader.\n- If there's a disagreement of interest behind a referenced study, the reader must always be informed.\n\nFeel free to [contact us](https:\/\/www.bitdegree.org\/contact) if you believe that content is outdated, incomplete, or questionable.","attrs_readable_markdown":"Stop overpaying - start transferring money with Ogvio. **Sign up, invite friends** & grab [**Rewards now**](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)! 🎁\n\nAre you interested in trading cryptocurrencies but **don't want to risk your hard-earned money right away**? If so, you may want to check out crypto paper trading apps! These apps allow you to **simulate trading in a real market environment** without putting any actual funds at risk.\n\nSome of the most famous exchange platforms in the market, such as [**Binance**](https:\/\/www.bitdegree.org\/crypto\/goon\/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Bybit**](https:\/\/www.bitdegree.org\/crypto\/goon\/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [**Kraken**](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), provide crypto paper trading. Since there are so many options, it’s important to really know each one of them, so you can choose the best one.\n\nIf you're looking to earn some extra cash for your trading journey, check out [**Ogvio's**](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio-earn?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) referral program, where you can receive **\\$10 for every 3 friends you invite\\!**\n\nBut don’t get overwhelmed just yet! To make things easier for you, I’ll show you some of the **best crypto paper trading apps**. I'll go over what they are, how they work, and why they're worth considering for both novice and experienced traders.\n\nThe crypto paper trading apps I'll cover in this article include:\n\n- [Kraken](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#kraken) - Best for Futures Trading\n- [Bitfinex](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#bitfinex) - Practice Trading in Different Areas\n- [BitMEX](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#bitmex) - Best for Crypto Derivatives\n- [CryptoHopper - Ideal for Crypto Bots](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#cryptohopper)\n- [TradingView](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#tradingview) - Allows Tracking Multiple Strategies\n- [BYDFi](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#bydfi) - User-Friendly Trading for All\n- [NDAX.io - Canada’s Trusted Crypto Exchange](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#ndax)\n- [Shakepay](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#shakepay) - Canadian-Based Exchange for BTC and ETH\n\n*So, let's take your crypto trading game to the next level in a safe and risk-free way\\!*\n## [1\\. Kraken - Best for Futures Trading](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#1 out of 8 Crypto Exchanges\n\n![Kraken - Best for Futures Trading](https:\/\/assets.bitdegree.org\/images\/kraken-review-homepage-\$1\$.jpg)\n\n**Things we liked:**\n\n- **\\+** Secure and reliable\n- **\\+** Accepts fiat currencies\n- **\\+** Lots of trading options\n- **\\+** 24\/7 customer support\n- **\\+** Opt-in staking\n\n**Things we didn't like:**\n\n- **\\-** Relatively high fees\n\nHave you heard of [**Kraken's**](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) **futures demo\/test accounts**? It's a great tool for anyone interested in trading cryptocurrency futures contracts without risking real money. Because it’s a trading simulation, you can think of it as a crypto paper trading app.\n\nBefore we dive deep into Kraken, let’s recap what **futures trading** means: futures trading is when people make an agreement to buy or sell something at a certain price and date in the future.\n\nNow, with Kraken's futures demo\/test accounts, you get access to a **virtual trading environment** where you can practice trading futures contracts on various cryptocurrencies.\n\nBy the way, the platform is designed to be **as realistic as possible**, so you can get a sense of what it's like to trade in the real world. That means that you'll have access to **real-time market data** and also be able to test out different trading strategies and see how they work in different market conditions.\n\n![Crypto paper trading app: Kraken.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-kraken.jpg)\n\nWhat’s more, one of the great things about Kraken's futures demo\/test account is that it's **completely free to use**. Also, it doesn’t demand any special requirements in order to access it - all you need is a **Kraken account**, which you can create for free on the website.\n\nNote that this feature is linked to **Kraken Pro**, which is specially designed for advanced traders. In this sense, futures trading is **not really ideal for beginners**. However, that’s when testing it out with Kraken’s futures demo\/test accounts comes in handy.\n\nOf course, Kraken's futures demo\/test accounts are a great way to get familiar with Kraken’s platform, as well. So, even if you are an experienced trader, this can be a great opportunity not only to practice but also to **understand how Kraken’s futures trading works**.\n\nOverall, Kraken's futures demo\/test accounts are a fantastic tool for anyone who wants to get into futures and paper trading. It's free, easy to use, and provides a realistic environment that can help you learn and practice your trading skills.\n## [2\\. Bitfinex - Practice Trading in Different Areas](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#2 out of 8 Crypto Exchanges\n\n![Bitfinex - Practice Trading in Different Areas](https:\/\/assets.bitdegree.org\/images\/bitfinex-review-homepage-\$1\$.jpg)\n\n**Things we liked:**\n\n- **\\+** More than 250 crypto assets to trade with\n- **\\+** Supports fiat deposits\n- **\\+** Advanced trading tools\n- **\\+** Small fees\n- **\\+** Highly-improved security features\n\n**Things we didn't like:**\n\n- **\\-** Controversial past\n- **\\-** Might not be suitable for beginner traders\n\nHave you heard of [**Bitfinex**](https:\/\/www.bitdegree.org\/crypto\/goon\/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)? It’s a one of the oldest crypto exchanges that also provides users with a crypto paper trading app where you can develop and test your trading strategies in a simulated market environment.\n\nWith Bitfinex paper trading, you can practice trading in different areas like **spot,** [**margin**](https:\/\/www.bitdegree.org\/crypto\/tutorials\/what-is-margin-trading-crypto) **and derivatives trading, as well as margin funding, Bitfinex Borrow, and the** [**OTC trading desk**](https:\/\/www.bitdegree.org\/crypto\/best-crypto-otc-trading-platform).\n\nThat way, you can access reserve test funding, borrow funds from other users, and experiment with large orders without having to go through the public [**order books**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-order-book) - all in one platform.\n\nHowever, as I mentioned, **paper trading does not involve tokens with real value**, as they can only be traded in a mock environment (a simulation) - that is naturally also true when it comes to Bitfinex paper trading.\n\nNow, you might be wondering, “*How can I start paper trading with Bitfinex?*”. Well, it’s very simple.\n\n![Crypto paper trading app: Bitfinex.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-bitfinex.jpg)\n\nIn Bitfinex’s case, you will need to **create a sub-account**, and, to do that, first, you need to **log in to your Bitfinex account** and go to the sub-accounts section, where you will find the option to choose a **paper trading sub-account**. Then, you will have to provide an email address and create a username, as well as a password.\n\nBy the way, **it's important to use a** **new email and username** when creating a sub-account. Moreover, once a sub-account has been created and enabled for paper trading, it **cannot be converted to a regular account**.\n\nHaving to use a different account to paper trade cryptos might not be so practical, but the good news is that there are no requirements to create a sub-account on Bitfinex’s crypto paper trading app.\n\nDo note that **the maximum limit for refilling the total balance per sub-account is \\$1,000,000** (or its equivalent value in other currencies) **and up to \\$100,000** (or its equivalent value in other currencies) **per paper currency**.\n\nFurthermore, when it comes to paper trading and Bitfinex, we also have to talk about the option of paper trading using **Bitfinex Honey**.\n\n![Crypto paper trading app: Bitfinex Honey.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-bitfinex-honey.jpg)\n\nBitfinex Honey is an **open-source and customizable toolkit for traders**. It offers a range of features to enhance the functionalities of the Bitfinex platform. Thus, with Bitfinex Honey, traders can **run multiple algorithmic trading strategies, design custom orders, and receive notifications**, all through an intuitive interface.\n\n*Seems cool, right? And it is.* But, it actually gets better, as the Bitfinex Honey toolkit comprises both **standalone versions and a web application**, providing traders with flexibility in how they access and use the tool\\!\n\n“*How does it connect to paper trading?*”, you might ask. Simply put, you can **try out Bitfinex Honey with a paper trading account**. This can make the experience less daunting for new traders and provide a valuable opportunity for more experienced traders to practice.\n\nThat's it! Now you are aware of the opportunities provided by Bitfinex crypto paper trading app to develop and test your trading strategies without risking any real funds.\n## [3\\. BitMEX - Best for Crypto Derivatives](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#3 out of 8 Crypto Exchanges\n\n![BitMEX - Best for Crypto Derivatives](https:\/\/assets.bitdegree.org\/images\/bitmex-review-homepage-image.jpg)\n\n**Things we liked:**\n\n- **\\+** Strong security\n- **\\+** Various derivatives products\n- **\\+** Low fees\n- **\\+** Spot trading available\n\n**Things we didn't like:**\n\n- **\\-** Not available in the US\n- **\\-** Limited crypto asset variety\n\n[**BitMEX**](https:\/\/www.bitdegree.org\/crypto\/goon\/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a popular trading platform for crypto derivatives that allows traders to buy and sell contracts for cryptocurrencies with a leverage of up to 100 times. It’s a **great platform for experienced crypto traders**. However, it also offers a really nice opportunity for new traders with their crypto paper trading app.\n\nSo, the way to paper trade cryptos with BitMEX is through **the BitMEX Testnet**.\n\nBitMEX Testnet lets you **work with** **derivatives**, in addition to buying and selling standard coins. You can also use the platform to **learn how to trade on BitMEX** and try out several strategies and techniques without risking your money.\n\nTherefore, BitMEX Testnet was specially designed for beginners to **get into the world of crypto derivatives trading**. But, of course, it is beneficial for advanced traders, as well.\n\nIt’s worth noting the **BitMEX and BitMEX Testnet are different platforms**, meaning that the latter is independent from the former. Due to that, you need to create a **completely new account on BitMEX Testnet**, regardless if you already have one on BitMEX.\n\n![Crypto paper trading app: BitMEX.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-bitmex.jpg)\n\nThough, no need to worry, as it’s very simple to sign in to BitMEX Testnet - essentially, you just need to provide an email address and a password.\n\nNow, once you create an account on BitMEX Testnet, you'll receive **100,000 Testnet** [**Tether**](https:\/\/www.bitdegree.org\/crypto\/buy-tether-usdt). You can use these coins to try out various strategies and techniques without risking your money. If you run out of Testnet coins, you can **replenish them from various faucets on the internet**.\n\nJust a heads up, the Testnet creates a **replica of the original account** to provide users with a genuine experience. However, users get to trade with Testnet coins that hold no actual value.\n\nAlso, it’s important to know one more thing: some users have pointed out that **BitMEX Testnet’s prices are not always aligned with those on BitMEX**. But that is completely normal, because the Testnet has its own order book and trading volume and real market movements may not always be reflected on it.\n\nRegardless of that, BitMEX is still a good paper trading crypto app, especially for those interested in crypto derivatives trading.\n\n![Compare Crypto Exchanges Side by Side With Others](https:\/\/assets.bitdegree.org\/crypto\/assets\/images\/compare-crypto-exchanges.gif)\n\nDid you know?\n\nCompare Crypto Exchanges Side by Side With Others\n\nAll Crypto Exchanges may look similar to you but they're NOT all the same\\!\n\n[Yes! Show me the Comparison Chart](https:\/\/www.bitdegree.org\/crypto-exchange-comparison\/kraken-vs-bitmex)\n## [4\\. CryptoHopper - Ideal for Crypto Bots](https:\/\/www.bitdegree.org\/crypto\/goon\/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#4 out of 8 Crypto Exchanges\n\n![CryptoHopper - Ideal for Crypto Bots](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/cryptohopper-review-homepage-image.jpg)\n\n**Things we liked:**\n\n- **\\+** Free trial\n- **\\+** Supports most major cryptocurrency exchanges\n- **\\+** Automated and manual trading capabilities\n- **\\+** Specialized features for beginners and experienced traders\n- **\\+** Various testing tools\n\n**Things we didn't like:**\n\n- **\\-** Technical issues\n- **\\-** Overcharge concerns\n\nSo far, I’ve talked about some **exchange platforms that provide paper trading services**. However, this list also includes tools that enable users to simulate trading without any risks. **CryptoHopper** is one of them, as it’s a crypto trading bot and a crypto paper trading app.\n\n“*What’s CryptoHopper used for?*” you might ask. Well, it’s a **crypto trading automation tool** that allows users to **create and customize trading bots** that can buy and sell cryptocurrencies automatically. Put simply, it makes transactions easier and more efficient.\n\nJust keep in mind that **CryptoHopper is not an exchange platform**; it’s a tool used on [**exchanges**](https:\/\/www.bitdegree.org\/crypto\/best-cryptocurrency-exchange).\n\nWell, that’s one side of it. The other, which is the one we are interested in now, is the paper trading service. As a paper trading crypto app, CryptoHopper lets you **open a** **demo account and train various bots, testing out automation strategies for crypto trading**.\n\n![Crypto paper trading app: CryptoHopper.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-cryptohopper.jpg)\n\nWhat’s more, you can **link all of your crypto exchange accounts and manage them**, all in one place. This way, you can keep track of cryptocurrency prices using a feature called \"**trailing**,\" which will notify you when the trend changes.\n\nBesides, this tool also provides helpful features, such as the **ability to copy other traders and a variety of bot templates to start with**.\n\nNow, once you create a demo account, you can **deposit** **up to 100,000 in any currency and use the simulator to practice**. However, you'll have seven days to try out different features and trade various cryptocurrencies, including [**Bitcoin**](https:\/\/www.bitdegree.org\/crypto\/buy-bitcoin-btc), [**Ethereum**](https:\/\/www.bitdegree.org\/crypto\/buy-ethereum-eth), [**Litecoin**](https:\/\/www.bitdegree.org\/crypto\/buy-litecoin-ltc), and more.\n\nBy the way, there is a drawback for beginners, as **Cryptohopper’s paper trading simulator is not so easy to use**. Thus, it may not be recommended for new traders who want to focus on standard trading instead of automation. Though, If you're up for the challenge, Cryptohopper is a good choice for anyone who wants to use bots in trading.\n## [5\\. TradingView - Allows Tracking Multiple Strategies](https:\/\/www.bitdegree.org\/crypto\/goon\/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#5 out of 8 Crypto Exchanges\n\n![TradingView - Allows Tracking Multiple Strategies](https:\/\/assets.bitdegree.org\/images\/tradingview-review-homepage-image.png)\n\n**Things we liked:**\n\n- **\\+** Market data for 2 million+ financial instruments\n- **\\+** 20+ virtual chart types and customizable tools\n- **\\+** Trading functionalities within the chart\n- **\\+** Calendar for key financial events\n\n**Things we didn't like:**\n\n- **\\-** Poor customer service\n- **\\-** The free plan is quite limiting\n\n**TradingView** is a trading tool that can be used for various purposes. I’ll tell you more about its use cases in a second, but know that **it’s also a crypto paper trading app**. You can use it to create a virtual account, receive fake money, and start trading cryptocurrencies in real time without risking any of your own funds.\n\nNow, talking about what this platform does, it provides traders and investors with a **range of tools to examine financial markets**. It offers live information, adjustable charts, tools for [**technical analysis**](https:\/\/www.bitdegree.org\/crypto\/learn\/best-technical-analysis-indicators-for-crypto), and a social network of traders where individuals can exchange their thoughts and tactics.\n\nWhat’s more, it has the ability to **track multiple trading strategies at once** - this can be especially helpful for those who want to compare different approaches and find the one that works best for them.\n\nAdditionally, it enables users to take snapshots of their trade setups and view their virtual purchases and account balances, allowing them to make informed decisions and track their progress.\n\n![Crypto paper trading app: TradingView.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-tradingview.jpg)\n\nAgain, the reason why TradingView is included in this list is exactly because, like the other options listed, **it allows you to** **simulate live trading**.\n\nSo, when you create an account and log in to use the paper trading feature, **you will receive \\$100,000**, which you can reset at any time.\n\nMoreover, TradingView has an **easy-to-use interface** that makes it accessible to beginners, while its **advanced charting tools** make it attractive to more experienced traders.\n\nHowever, there’s one major drawback to TradingView's paper trading platform, which is **the lack of customer support**. Many users have reported that customer support is almost nonexistent, which can be frustrating if you need help or have any issues with the app.\n\nOverall, though, TradingView is a sufficient choice for those who want to practice crypto trading, as well as track multiple trading strategies. It’s good for both beginners and experienced traders alike.\n## [6\\. BYDFi - User-Friendly Trading for All](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#6 out of 8 Crypto Exchanges\n\n![BYDFi - User-Friendly Trading for All](https:\/\/assets.bitdegree.org\/images\/bydfi-review-homepage-website.jpg)\n\n**Things we liked:**\n\n- **\\+** Huge trading variety\n- **\\+** Regulation-compliant around the globe\n- **\\+** Fair trading fees\n- **\\+** Beginner-friendly tools\n- **\\+** Copy trading functionality\n\n**Things we didn't like:**\n\n- **\\-** No NFT services\n- **\\-** No staking capability\n\n[**BYDFi**](https:\/\/www.bitdegree.org\/crypto\/goon\/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a cryptocurrency exchange platform that aims to provide a **user-friendly experience for both novice and experienced traders**. While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include:\n\n- Spot Trading: Buy and sell cryptocurrencies at current market prices.\n- Derivatives Trading: Trade cryptocurrency futures and options contracts.\n- Copy Trading: Automatically replicate the trades of experienced traders.\n- Mobile App: Trade on iOS and Android devices.\n- Educational Resources: Guides and tutorials for learning about crypto trading.\n- Trading Bots: Use automated tools to trade cryptocurrencies like a pro.\n\nThe platform supports more than 400 cryptocurrencies, **including** [**Bitcoin (BTC)**](https:\/\/www.bitdegree.org\/crypto\/buy-bitcoin-btc), [**Ethereum (ETH)**](https:\/\/www.bitdegree.org\/crypto\/buy-ethereum-eth), **and** [**Litecoin (LTC)**](https:\/\/www.bitdegree.org\/crypto\/buy-litecoin-ltc). BYDFi also aims to provide competitive trading fees by offering a flat maker\/taker rate of **0\\.1%** on its spot trading platform.\n\nBYDFi is available in the US, Canada, and 150 other countries.\n\nWhen it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses **Amazon Web Services, multi-factor authentication and hardware verification**, as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts.\n## [7\\. NDAX.io - Canada’s Trusted Crypto Exchange](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#7 out of 8 Crypto Exchanges\n\n![NDAX.io - Canada’s Trusted Crypto Exchange](https:\/\/assets.bitdegree.org\/images\/ndax-review-homepage-image.png)\n\n**Things we liked:**\n\n- **\\+** All-in-one trading platform for individuals\n- **\\+** Earn passive income through Ndax staking\n- **\\+** High-level of security and compliance\n\n**Things we didn't like:**\n\n- **\\-** Canadian-focused trading platform\n\n[**NDAX**](https:\/\/www.bitdegree.org\/crypto\/goon\/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) (National Digital Asset Exchange) is a Canadian cryptocurrency platform that offers a curated selection of approximately 40 digital assets, **including** [**Bitcoin (BTC)**](https:\/\/www.bitdegree.org\/crypto\/buy-bitcoin-btc), [**Ethereum (ETH)**](https:\/\/www.bitdegree.org\/crypto\/buy-ethereum-eth), **and** [**Cardano (ADA)**](https:\/\/www.bitdegree.org\/crypto\/buy-cardano-ada). The platform caters to both individual and institutional investors with features such as simple trading, staking with **up to 13% APY** on select cryptocurrencies, auto-invest options, and advanced trading tools.\n\nThe majority of NDAX’s client assets are held offline in [**cold storage**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-cold-storage), utilizing multi-signature technology provided by [**Ledger Vault**](https:\/\/www.bitdegree.org\/crypto\/goon\/ledger?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) to ensure optimal protection.\n\nAdditionally, NDAX offers **insurance coverage of** **\\$5 million** for cold wallets, safeguarding against risks like fraud, internal theft, and hardware security module (HSM) malfunctions. [**Hot wallets**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-hot-wallet) are insured for **up to \\$3 million** per incident, and the company maintains CAD 5 million in general business liability insurance.\n\nNDAX also has strong regulatory compliance and security certification. These include registrations with:\n\n- Canadian Investment Regulatory Organization (CIRO);\n- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC);\n- Revenue Québec.\n\nIn addition, it is the first Canadian crypto platform to achieve SOC 2 Type II certification, reflecting its dedication to maintaining high security and operational standards. Additionally, with a competitive trading fee of 0.2%, NDAX provides a secure and user-friendly environment for cryptocurrency trading and investment.\n## [8\\. Shakepay - Canadian-Based Exchange for BTC and ETH](https:\/\/www.bitdegree.org\/crypto\/goon\/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)\nRanks \\#8 out of 8 Crypto Exchanges\n\n![Shakepay - Canadian-Based Exchange for BTC and ETH](https:\/\/assets.bitdegree.org\/images\/shakepay-review-homepage-image-.jpg)\n\n**Things we liked:**\n\n- **\\+** Zero fees\n- **\\+** Easy-to-use interface\n- **\\+** Insurance protection on cold ctorage\n- **\\+** Shakepay Visa card for spending CAD balances\n\n**Things we didn't like:**\n\n- **\\-** Canada-exclusive availability\n- **\\-** Small selection of tokens\n- **\\-** No phone-based customer support\n\n[**Shakepay**](https:\/\/www.bitdegree.org\/crypto\/goon\/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a Canadian cryptocurrency platform focused on facilitating the buying and selling of [**Bitcoin**](https:\/\/www.bitdegree.org\/crypto\/buy-bitcoin-btc) **and** [**Ethereum**](https:\/\/www.bitdegree.org\/crypto\/buy-ethereum-eth). It is known for its **intuitive interface and commission-free transactions**, making it easy for users to buy and sell these two popular cryptocurrencies.\n\nWhile its crypto offering is extremely streamlined compared to other platforms, Shakepay offers other features like **crypto Visa cards and crypto integration for businesses**. These show how the platform aims to make crypto accessible to the general masses without intimidating them with the steep learning curve of trading.\n\n![Shakepay review summary: Shakepay's benefits.](https:\/\/assets.bitdegree.org\/images\/shakepay-review-summary-benefits.jpg)\n\nDespite its rather simple offerings, Shakepay doesn’t skimp on security. The platform stores a majority of digital currencies in cold storage wallets. It partners with an **NYDFS** (*New York State Department of Financial Services*)-regulated provider who holds **SOC 1 Type II and SOC 2 Type II certifications**.\n\nShakepay also holds an insurance policy on the digital currencies held in [**cold storage**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-cold-storage). This policy covers most damages, theft, and loss of private keys.\n\nIn terms of account security, the platform implements essential measures, **like two-factor authentication, device lock, and 256-bit AES encryption for data protection**. These make Shakepay a solid choice for those looking for a simple and secure way to get started with Bitcoin and Ethereum.\n\nIf you're looking for the best crypto paper trading app, you probably already know **what crypto paper trading is**. *However, just to be sure, let’s talk about it a bit.*\n\nEssentially, crypto paper trading is a **tool that allows to simulate live transactions, without the need to actually put real money into it**. In other words, a paper trade is a way for investors to practice trading with no risk of losing funds.\n\nBy the way, when I mention “*live transactions*” or “*live markets*”, I mean the actual, real-time trading that takes place on financial markets - like [**Binance**](https:\/\/www.bitdegree.org\/crypto\/goon\/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Coinbase**](https:\/\/www.bitdegree.org\/crypto\/goon\/coinbase?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Bybit**](https:\/\/www.bitdegree.org\/crypto\/goon\/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and so on - for assets like stocks, cryptocurrencies, and [**commodities**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-digital-commodity).\n\nSince there is no risk of losing your money, the contrary is also true: **you don’t earn anything in return**, even if you make a really successful trade. Given that, you might be wondering – *What’s the point, then?*\n\n![Crypto paper trading app: Checklist.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-checklist.jpg)\n\nWell, the point is **to** **experiment and learn**! Paper trading is meant for beginners to familiarize themselves with trading and for seasoned traders to **explore new strategies** while honing their skills in buying and selling securities.\n\nNot only that, by paper trading crypto assets, investors and traders can **test out different trading platforms and even different order types**, such as [**limit orders**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-limit-order-limit-buy-limit-sell), [**stop-loss**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-stop-loss-order), and [**market orders**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-market-order-market-buy-market-sell).\n\nBy the way, paper transactions work by using a **virtual trading account with fake funds**. However, even though it’s a fabricated scenario, crypto paper trading apps track the crypto market and mimic real-time changes, making the whole experience quite genuine.\n\n*Pretty interesting, right?*\n\nNote that, since it’s a simulation, **crypto paper trading apps will not always be able to completely reproduce the reality of live markets**, as there are many variables that are not necessarily predictable. Furthermore, they are better suited for [**day trading**](https:\/\/www.bitdegree.org\/crypto\/best-crypto-exchange-for-day-trading), rather than for long-term strategies.\n\n![Crypto paper trading app: Bitcoin.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-bitcoin.jpg)\n\nThough, there is a way to **overcome the limitation of paper trading**, investors need to use genuine trading techniques and goals in order to get the most out of paper trading. This entails taking into consideration the same risk-return goals, investment restrictions, and trading time frame that would be used with a live account.\n\nIn other words, don't think of it as a simulation; take it seriously.\n\nThat said, taking it seriously also means **planning how you'll fund and cash out later**, and [**Ogvio**](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) can be great for that. The platform shows bank transfer fees upfront with fair exchange rates before you confirm. In addition, for crypto moves, Ogvio is almost **instant and doesn't charge any fees**.\n\nThat way, the crypto paper trading experience can be **as accurate and positive as possible**.\n\nNow, some of the platforms I included in this list refer to their paper trading feature as a “**testnet**”. *What are those?* Simply put, in this context, a testnet is a type of paper trading, in the sense that it’s used to **test trading strategies**.\n\nThough, note that [**testnets**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-testnet) **are usually viewed as a playground for blockchain developers to test their ideas** and make sure everything is working smoothly - by finding and fixing bugs, for example - before they launch their projects on the [**mainnet**](https:\/\/www.bitdegree.org\/crypto\/learn\/crypto-terms\/what-is-mainnet) (the main network).\n\nThe paper trading crypto apps I've covered in this article, though, help you simulate live trading - whether they are called **testnet, paper trading, or even mock trading**, they all refer to the same thing in this context.\n\n## Conclusions\nWell, that's it for our exploration of crypto paper trading apps. I've covered what they are, how they work, and why they're worth considering for anyone looking to get into crypto trading. I've also looked at some of the best crypto paper trading platforms available, including [**Binance**](https:\/\/www.bitdegree.org\/crypto\/goon\/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [**Bybit**](https:\/\/www.bitdegree.org\/crypto\/goon\/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [**Kraken**](https:\/\/www.bitdegree.org\/crypto\/goon\/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app).\n\nThus, by now, you should have a good understanding of what paper trading cryptos can offer and how it can help you **refine your trading skills without risking any real money**. Therefore, whether you're a complete beginner or a seasoned trader looking to test out new strategies, paper trading can be an invaluable tool for **learning and experimentation**.\n\nSo, if you're thinking about getting into the crypto world, consider giving paper trading crypto a try. Who knows, you might just discover your **inner trading wizard** and start making some serious profits in the live markets.\n\nTalking about profits, if you're looking to make some extra money on the side, check out [**Ogvio's**](https:\/\/www.bitdegree.org\/crypto\/goon\/ogvio-earn?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) referral program, where you can **earn \\$10 for every 3 friends you invite**. Also, there are no limits on how many people you can invite\\!\n\n***\n### Other Crypto Exchanges in This Category\nHere are other crypto exchanges related to the category but not as favored by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchanges in the list with the higher rating that I'd [recommend for the same price range or less.](https:\/\/www.bitdegree.org\/crypto\/crypto-paper-trading-app#top-rating-table)\n\n### eToro - Great for Beginners\n![eToro - Great for Beginners](https:\/\/assets.bitdegree.org\/crypto\/storage\/media\/etoro-homepage-image.o.jpg)\n\n**Things we liked:**\n\n- **\\+** Copy trading service available\n- **\\+** A variety of cryptocurrencies to choose from\n- **\\+** Beginner-friendly\n\n**Things we didn't like:**\n\n- **\\-** Relatively high fees\n- **\\-** Slow customer support\n\nDon’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.\n\nYou might have heard of eToro as a trading platform, but did you know that it is also considered a crypto paper trading app? That's because it provides **demo accounts so you can practice live trading**.\n\nThe demo account gives access to all eToro's features. So, you can **install metrics, draw lines, and trends, and enter buy and sell orders** - all without risking real money, of course.\n\nNot only that, the virtual account provides **advanced trading tools**, including leverage, stop-loss, and take-profit, to experiment with various risk levels.\n\nFurthermore, when it comes to usability, eToro doesn’t stay behind. **The interface is clean and easy to use**. It is also simple to start paper trading cryptos in eToro, as you only need to **open a demo account on the platform**.\n\nBy the way, it’s free to sign up and, after you create your account, you receive **\\$100,000 in virtual funds** so you can practice paper trading right away. This amount is sufficient to help you learn the ropes of trading, but not too much to prevent you from working within reasonable limits.\n\n![Crypto paper trading app: eToro.](https:\/\/assets.bitdegree.org\/crypto\/storage\/optimized\/crypto-paper-trading-app-etoro.jpg)\n\nGiven everything I said so far, it seems clear that **eToro’s paper trading crypto app was specially created for beginners**, due to its simple interface and beginner-friendly protocols.\n\nHowever, if you are an advanced trader, it's still a sufficient platform for you as it’s **primarily designed to hone trading skills overall**.\n\nAt last, note that eToro has the **social news stream**, which enables you to **discuss concepts and chart analysis with other users**, creating a worldwide trader network.\n\nSo, to summarize, using eToro's virtual accounts can help you gain confidence in trading before investing real money. It is dubbed as one of the best crypto paper trading apps by some as it provides a safe environment to learn and practice trading.\n\n*The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.*\n\n## Scientific References\n1\\. A. Jalan, R. Matkovskyy, A. Urquhart: 'What Effect Did the Introduction of Bitcoin Futures Have On the Bitcoin Spot Market?';\n\n2\\. J.R. Jensen, V. von Wachter, O. Ross: 'Leveraged Trading on Blockchain Technology'.","meta_canonical":null}

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Boilerpipe Text	Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now ! 🎁 Are you interested in trading cryptocurrencies but don't want to risk your hard-earned money right away ? If so, you may want to check out crypto paper trading apps! These apps allow you to simulate trading in a real market environment without putting any actual funds at risk. Some of the most famous exchange platforms in the market, such as Binance , Bybit , and Kraken , provide crypto paper trading. Since there are so many options, it’s important to really know each one of them, so you can choose the best one. If you're looking to earn some extra cash for your trading journey, check out Ogvio's referral program, where you can receive $10 for every 3 friends you invite! But don’t get overwhelmed just yet! To make things easier for you, I’ll show you some of the best crypto paper trading apps . I'll go over what they are, how they work, and why they're worth considering for both novice and experienced traders. The crypto paper trading apps I'll cover in this article include: Kraken - Best for Futures Trading Bitfinex - Practice Trading in Different Areas BitMEX - Best for Crypto Derivatives CryptoHopper - Ideal for Crypto Bots TradingView - Allows Tracking Multiple Strategies BYDFi - User-Friendly Trading for All NDAX.io - Canada’s Trusted Crypto Exchange Shakepay - Canadian-Based Exchange for BTC and ETH So, let's take your crypto trading game to the next level in a safe and risk-free way! 1. Kraken - Best for Futures Trading Ranks #1 out of 8 Crypto Exchanges Things we liked: + Secure and reliable + Accepts fiat currencies + Lots of trading options + 24/7 customer support + Opt-in staking Things we didn't like: - Relatively high fees Have you heard of Kraken's futures demo/test accounts ? It's a great tool for anyone interested in trading cryptocurrency futures contracts without risking real money. Because it’s a trading simulation, you can think of it as a crypto paper trading app. Before we dive deep into Kraken, let’s recap what futures trading means: futures trading is when people make an agreement to buy or sell something at a certain price and date in the future. Now, with Kraken's futures demo/test accounts, you get access to a virtual trading environment where you can practice trading futures contracts on various cryptocurrencies. By the way, the platform is designed to be as realistic as possible , so you can get a sense of what it's like to trade in the real world. That means that you'll have access to real-time market data and also be able to test out different trading strategies and see how they work in different market conditions. What’s more, one of the great things about Kraken's futures demo/test account is that it's completely free to use . Also, it doesn’t demand any special requirements in order to access it - all you need is a Kraken account , which you can create for free on the website. Note that this feature is linked to Kraken Pro , which is specially designed for advanced traders. In this sense, futures trading is not really ideal for beginners . However, that’s when testing it out with Kraken’s futures demo/test accounts comes in handy. Of course, Kraken's futures demo/test accounts are a great way to get familiar with Kraken’s platform, as well. So, even if you are an experienced trader, this can be a great opportunity not only to practice but also to understand how Kraken’s futures trading works . Overall, Kraken's futures demo/test accounts are a fantastic tool for anyone who wants to get into futures and paper trading. It's free, easy to use, and provides a realistic environment that can help you learn and practice your trading skills. 2. Bitfinex - Practice Trading in Different Areas Ranks #2 out of 8 Crypto Exchanges Things we liked: + More than 250 crypto assets to trade with + Supports fiat deposits + Advanced trading tools + Small fees + Highly-improved security features Things we didn't like: - Controversial past - Might not be suitable for beginner traders Have you heard of Bitfinex ? It’s a one of the oldest crypto exchanges that also provides users with a crypto paper trading app where you can develop and test your trading strategies in a simulated market environment. With Bitfinex paper trading, you can practice trading in different areas like spot, margin and derivatives trading, as well as margin funding, Bitfinex Borrow, and the OTC trading desk . That way, you can access reserve test funding, borrow funds from other users, and experiment with large orders without having to go through the public order books - all in one platform. However, as I mentioned, paper trading does not involve tokens with real value , as they can only be traded in a mock environment (a simulation) - that is naturally also true when it comes to Bitfinex paper trading. Now, you might be wondering, “ How can I start paper trading with Bitfinex? ”. Well, it’s very simple. In Bitfinex’s case, you will need to create a sub-account , and, to do that, first, you need to log in to your Bitfinex account and go to the sub-accounts section, where you will find the option to choose a paper trading sub-account . Then, you will have to provide an email address and create a username, as well as a password. By the way, it's important to use a new email and username when creating a sub-account. Moreover, once a sub-account has been created and enabled for paper trading, it cannot be converted to a regular account . Having to use a different account to paper trade cryptos might not be so practical, but the good news is that there are no requirements to create a sub-account on Bitfinex’s crypto paper trading app. Do note that the maximum limit for refilling the total balance per sub-account is $1,000,000 (or its equivalent value in other currencies) and up to $100,000 (or its equivalent value in other currencies) per paper currency . Furthermore, when it comes to paper trading and Bitfinex, we also have to talk about the option of paper trading using Bitfinex Honey . Bitfinex Honey is an open-source and customizable toolkit for traders . It offers a range of features to enhance the functionalities of the Bitfinex platform. Thus, with Bitfinex Honey, traders can run multiple algorithmic trading strategies, design custom orders, and receive notifications , all through an intuitive interface. Seems cool, right? And it is. But, it actually gets better, as the Bitfinex Honey toolkit comprises both standalone versions and a web application , providing traders with flexibility in how they access and use the tool! “ How does it connect to paper trading? ”, you might ask. Simply put, you can try out Bitfinex Honey with a paper trading account . This can make the experience less daunting for new traders and provide a valuable opportunity for more experienced traders to practice. That's it! Now you are aware of the opportunities provided by Bitfinex crypto paper trading app to develop and test your trading strategies without risking any real funds. 3. BitMEX - Best for Crypto Derivatives Ranks #3 out of 8 Crypto Exchanges Things we liked: + Strong security + Various derivatives products + Low fees + Spot trading available Things we didn't like: - Not available in the US - Limited crypto asset variety BitMEX is a popular trading platform for crypto derivatives that allows traders to buy and sell contracts for cryptocurrencies with a leverage of up to 100 times. It’s a great platform for experienced crypto traders . However, it also offers a really nice opportunity for new traders with their crypto paper trading app. So, the way to paper trade cryptos with BitMEX is through the BitMEX Testnet . BitMEX Testnet lets you work with derivatives , in addition to buying and selling standard coins. You can also use the platform to learn how to trade on BitMEX and try out several strategies and techniques without risking your money. Therefore, BitMEX Testnet was specially designed for beginners to get into the world of crypto derivatives trading . But, of course, it is beneficial for advanced traders, as well. It’s worth noting the BitMEX and BitMEX Testnet are different platforms , meaning that the latter is independent from the former. Due to that, you need to create a completely new account on BitMEX Testnet , regardless if you already have one on BitMEX. Though, no need to worry, as it’s very simple to sign in to BitMEX Testnet - essentially, you just need to provide an email address and a password. Now, once you create an account on BitMEX Testnet, you'll receive 100,000 Testnet Tether . You can use these coins to try out various strategies and techniques without risking your money. If you run out of Testnet coins, you can replenish them from various faucets on the internet . Just a heads up, the Testnet creates a replica of the original account to provide users with a genuine experience. However, users get to trade with Testnet coins that hold no actual value. Also, it’s important to know one more thing: some users have pointed out that BitMEX Testnet’s prices are not always aligned with those on BitMEX . But that is completely normal, because the Testnet has its own order book and trading volume and real market movements may not always be reflected on it . Regardless of that, BitMEX is still a good paper trading crypto app, especially for those interested in crypto derivatives trading. Did you know? Compare Crypto Exchanges Side by Side With Others All Crypto Exchanges may look similar to you but they're NOT all the same! Yes! Show me the Comparison Chart 4. CryptoHopper - Ideal for Crypto Bots Ranks #4 out of 8 Crypto Exchanges Things we liked: + Free trial + Supports most major cryptocurrency exchanges + Automated and manual trading capabilities + Specialized features for beginners and experienced traders + Various testing tools Things we didn't like: - Technical issues - Overcharge concerns So far, I’ve talked about some exchange platforms that provide paper trading services . However, this list also includes tools that enable users to simulate trading without any risks. CryptoHopper is one of them, as it’s a crypto trading bot and a crypto paper trading app. “ What’s CryptoHopper used for? ” you might ask. Well, it’s a crypto trading automation tool that allows users to create and customize trading bots that can buy and sell cryptocurrencies automatically. Put simply, it makes transactions easier and more efficient. Just keep in mind that CryptoHopper is not an exchange platform ; it’s a tool used on exchanges . Well, that’s one side of it. The other, which is the one we are interested in now, is the paper trading service. As a paper trading crypto app, CryptoHopper lets you open a demo account and train various bots, testing out automation strategies for crypto trading . What’s more, you can link all of your crypto exchange accounts and manage them , all in one place. This way, you can keep track of cryptocurrency prices using a feature called " trailing ," which will notify you when the trend changes. Besides, this tool also provides helpful features, such as the ability to copy other traders and a variety of bot templates to start with . Now, once you create a demo account, you can deposit up to 100,000 in any currency and use the simulator to practice . However, you'll have seven days to try out different features and trade various cryptocurrencies, including Bitcoin , Ethereum , Litecoin , and more. By the way, there is a drawback for beginners, as Cryptohopper’s paper trading simulator is not so easy to use . Thus, it may not be recommended for new traders who want to focus on standard trading instead of automation. Though, If you're up for the challenge, Cryptohopper is a good choice for anyone who wants to use bots in trading. 5. TradingView - Allows Tracking Multiple Strategies Ranks #5 out of 8 Crypto Exchanges Things we liked: + Market data for 2 million+ financial instruments + 20+ virtual chart types and customizable tools + Trading functionalities within the chart + Calendar for key financial events Things we didn't like: - Poor customer service - The free plan is quite limiting TradingView is a trading tool that can be used for various purposes. I’ll tell you more about its use cases in a second, but know that it’s also a crypto paper trading app . You can use it to create a virtual account, receive fake money, and start trading cryptocurrencies in real time without risking any of your own funds. Now, talking about what this platform does, it provides traders and investors with a range of tools to examine financial markets . It offers live information, adjustable charts, tools for technical analysis , and a social network of traders where individuals can exchange their thoughts and tactics. What’s more, it has the ability to track multiple trading strategies at once - this can be especially helpful for those who want to compare different approaches and find the one that works best for them. Additionally, it enables users to take snapshots of their trade setups and view their virtual purchases and account balances, allowing them to make informed decisions and track their progress. Again, the reason why TradingView is included in this list is exactly because, like the other options listed, it allows you to simulate live trading . So, when you create an account and log in to use the paper trading feature, you will receive $100,000 , which you can reset at any time. Moreover, TradingView has an easy-to-use interface that makes it accessible to beginners, while its advanced charting tools make it attractive to more experienced traders. However, there’s one major drawback to TradingView's paper trading platform, which is the lack of customer support . Many users have reported that customer support is almost nonexistent, which can be frustrating if you need help or have any issues with the app. Overall, though, TradingView is a sufficient choice for those who want to practice crypto trading, as well as track multiple trading strategies. It’s good for both beginners and experienced traders alike. 6. BYDFi - User-Friendly Trading for All Ranks #6 out of 8 Crypto Exchanges Things we liked: + Huge trading variety + Regulation-compliant around the globe + Fair trading fees + Beginner-friendly tools + Copy trading functionality Things we didn't like: - No NFT services - No staking capability BYDFi is a cryptocurrency exchange platform that aims to provide a user-friendly experience for both novice and experienced traders . While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include: Spot Trading: Buy and sell cryptocurrencies at current market prices. Derivatives Trading: Trade cryptocurrency futures and options contracts. Copy Trading: Automatically replicate the trades of experienced traders. Mobile App: Trade on iOS and Android devices. Educational Resources: Guides and tutorials for learning about crypto trading. Trading Bots: Use automated tools to trade cryptocurrencies like a pro. The platform supports more than 400 cryptocurrencies, including Bitcoin (BTC) , Ethereum (ETH) , and Litecoin (LTC) . BYDFi also aims to provide competitive trading fees by offering a flat maker/taker rate of 0.1% on its spot trading platform. BYDFi is available in the US, Canada, and 150 other countries. When it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses Amazon Web Services, multi-factor authentication and hardware verification , as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts. 7. NDAX.io - Canada’s Trusted Crypto Exchange Ranks #7 out of 8 Crypto Exchanges Things we liked: + All-in-one trading platform for individuals + Earn passive income through Ndax staking + High-level of security and compliance Things we didn't like: - Canadian-focused trading platform NDAX (National Digital Asset Exchange) is a Canadian cryptocurrency platform that offers a curated selection of approximately 40 digital assets, including Bitcoin (BTC) , Ethereum (ETH) , and Cardano (ADA) . The platform caters to both individual and institutional investors with features such as simple trading, staking with up to 13% APY on select cryptocurrencies, auto-invest options, and advanced trading tools. The majority of NDAX’s client assets are held offline in cold storage , utilizing multi-signature technology provided by Ledger Vault to ensure optimal protection. Additionally, NDAX offers insurance coverage of $5 million for cold wallets, safeguarding against risks like fraud, internal theft, and hardware security module (HSM) malfunctions. Hot wallets are insured for up to $3 million per incident, and the company maintains CAD 5 million in general business liability insurance. NDAX also has strong regulatory compliance and security certification. These include registrations with: Canadian Investment Regulatory Organization (CIRO); Financial Transactions and Reports Analysis Centre of Canada (FINTRAC); Revenue Québec. In addition, it is the first Canadian crypto platform to achieve SOC 2 Type II certification, reflecting its dedication to maintaining high security and operational standards. Additionally, with a competitive trading fee of 0.2%, NDAX provides a secure and user-friendly environment for cryptocurrency trading and investment. 8. Shakepay - Canadian-Based Exchange for BTC and ETH Ranks #8 out of 8 Crypto Exchanges Things we liked: + Zero fees + Easy-to-use interface + Insurance protection on cold ctorage + Shakepay Visa card for spending CAD balances Things we didn't like: - Canada-exclusive availability - Small selection of tokens - No phone-based customer support Shakepay is a Canadian cryptocurrency platform focused on facilitating the buying and selling of Bitcoin and Ethereum . It is known for its intuitive interface and commission-free transactions , making it easy for users to buy and sell these two popular cryptocurrencies. While its crypto offering is extremely streamlined compared to other platforms, Shakepay offers other features like crypto Visa cards and crypto integration for businesses . These show how the platform aims to make crypto accessible to the general masses without intimidating them with the steep learning curve of trading. Despite its rather simple offerings, Shakepay doesn’t skimp on security. The platform stores a majority of digital currencies in cold storage wallets. It partners with an NYDFS ( New York State Department of Financial Services )-regulated provider who holds SOC 1 Type II and SOC 2 Type II certifications . Shakepay also holds an insurance policy on the digital currencies held in cold storage . This policy covers most damages, theft, and loss of private keys. In terms of account security, the platform implements essential measures, like two-factor authentication, device lock, and 256-bit AES encryption for data protection . These make Shakepay a solid choice for those looking for a simple and secure way to get started with Bitcoin and Ethereum. If you're looking for the best crypto paper trading app, you probably already know what crypto paper trading is . However, just to be sure, let’s talk about it a bit. Essentially, crypto paper trading is a tool that allows to simulate live transactions, without the need to actually put real money into it . In other words, a paper trade is a way for investors to practice trading with no risk of losing funds. By the way, when I mention “ live transactions ” or “ live markets ”, I mean the actual, real-time trading that takes place on financial markets - like Binance , Coinbase , Bybit , and so on - for assets like stocks, cryptocurrencies, and commodities . Since there is no risk of losing your money, the contrary is also true: you don’t earn anything in return , even if you make a really successful trade. Given that, you might be wondering – What’s the point, then? Well, the point is to experiment and learn ! Paper trading is meant for beginners to familiarize themselves with trading and for seasoned traders to explore new strategies while honing their skills in buying and selling securities. Not only that, by paper trading crypto assets, investors and traders can test out different trading platforms and even different order types , such as limit orders , stop-loss , and market orders . By the way, paper transactions work by using a virtual trading account with fake funds . However, even though it’s a fabricated scenario, crypto paper trading apps track the crypto market and mimic real-time changes, making the whole experience quite genuine. Pretty interesting, right? Note that, since it’s a simulation, crypto paper trading apps will not always be able to completely reproduce the reality of live markets , as there are many variables that are not necessarily predictable. Furthermore, they are better suited for day trading , rather than for long-term strategies. Though, there is a way to overcome the limitation of paper trading , investors need to use genuine trading techniques and goals in order to get the most out of paper trading. This entails taking into consideration the same risk-return goals, investment restrictions, and trading time frame that would be used with a live account. In other words, don't think of it as a simulation; take it seriously. That said, taking it seriously also means planning how you'll fund and cash out later , and Ogvio can be great for that. The platform shows bank transfer fees upfront with fair exchange rates before you confirm. In addition, for crypto moves, Ogvio is almost instant and doesn't charge any fees . That way, the crypto paper trading experience can be as accurate and positive as possible . Now, some of the platforms I included in this list refer to their paper trading feature as a “ testnet ”. What are those? Simply put, in this context, a testnet is a type of paper trading, in the sense that it’s used to test trading strategies . Though, note that testnets are usually viewed as a playground for blockchain developers to test their ideas and make sure everything is working smoothly - by finding and fixing bugs, for example - before they launch their projects on the mainnet (the main network). The paper trading crypto apps I've covered in this article, though, help you simulate live trading - whether they are called testnet, paper trading, or even mock trading , they all refer to the same thing in this context. Conclusions Well, that's it for our exploration of crypto paper trading apps. I've covered what they are, how they work, and why they're worth considering for anyone looking to get into crypto trading. I've also looked at some of the best crypto paper trading platforms available, including Binance , Bybit , and Kraken . Thus, by now, you should have a good understanding of what paper trading cryptos can offer and how it can help you refine your trading skills without risking any real money . Therefore, whether you're a complete beginner or a seasoned trader looking to test out new strategies, paper trading can be an invaluable tool for learning and experimentation . So, if you're thinking about getting into the crypto world, consider giving paper trading crypto a try. Who knows, you might just discover your inner trading wizard and start making some serious profits in the live markets. Talking about profits, if you're looking to make some extra money on the side, check out Ogvio's referral program, where you can earn $10 for every 3 friends you invite . Also, there are no limits on how many people you can invite! Other Crypto Exchanges in This Category Here are other crypto exchanges related to the category but not as favored by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchanges in the list with the higher rating that I'd recommend for the same price range or less. eToro - Great for Beginners Things we liked: + Copy trading service available + A variety of cryptocurrencies to choose from + Beginner-friendly Things we didn't like: - Relatively high fees - Slow customer support Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. You might have heard of eToro as a trading platform, but did you know that it is also considered a crypto paper trading app? That's because it provides demo accounts so you can practice live trading . The demo account gives access to all eToro's features. So, you can install metrics, draw lines, and trends, and enter buy and sell orders - all without risking real money, of course. Not only that, the virtual account provides advanced trading tools , including leverage, stop-loss, and take-profit, to experiment with various risk levels. Furthermore, when it comes to usability, eToro doesn’t stay behind. The interface is clean and easy to use . It is also simple to start paper trading cryptos in eToro, as you only need to open a demo account on the platform . By the way, it’s free to sign up and, after you create your account, you receive $100,000 in virtual funds so you can practice paper trading right away. This amount is sufficient to help you learn the ropes of trading, but not too much to prevent you from working within reasonable limits. Given everything I said so far, it seems clear that eToro’s paper trading crypto app was specially created for beginners , due to its simple interface and beginner-friendly protocols. However, if you are an advanced trader, it's still a sufficient platform for you as it’s primarily designed to hone trading skills overall . At last, note that eToro has the social news stream , which enables you to discuss concepts and chart analysis with other users , creating a worldwide trader network. So, to summarize, using eToro's virtual accounts can help you gain confidence in trading before investing real money. It is dubbed as one of the best crypto paper trading apps by some as it provides a safe environment to learn and practice trading. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. Scientific References 1. A. Jalan, R. Matkovskyy, A. Urquhart: 'What Effect Did the Introduction of Bitcoin Futures Have On the Bitcoin Spot Market?'; 2. J.R. Jensen, V. von Wachter, O. Ross: 'Leveraged Trading on Blockchain Technology'.
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[Crypto](https://www.bitdegree.org/crypto) [Best Cryptocurrency Exchange](https://www.bitdegree.org/crypto/best-cryptocurrency-exchange) Best Crypto Paper Trading App # Best Crypto Paper Trading App Learn and improve your trading skills with the best crypto paper trading apps. [![Aaron S. 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Allows Tracking Multiple Strategies](https://assets.bitdegree.org/crypto/storage/optimized/tradingview-review-horizontal-logo.png?tr=w-180,h-36)](https://www.bitdegree.org/crypto/goon/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) 576 Reviews 9\.0 [Bank Transfer: YES](https://www.bitdegree.org/crypto/goon/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [Visit site](https://www.bitdegree.org/crypto/goon/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [Read review](https://www.bitdegree.org/crypto/tradingview-review) [![BYDFi - User-Friendly Trading for All](https://assets.bitdegree.org/crypto/storage/optimized/BYDFi%20logo%20small.png?tr=w-180,h-36)](https://www.bitdegree.org/crypto/goon/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) 350 Reviews 8\.6 [Bank Transfer: YES](https://www.bitdegree.org/crypto/goon/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [Visit site](https://www.bitdegree.org/crypto/goon/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [Read review](https://www.bitdegree.org/crypto/bydfi-review) [![NDAX.io - Canada’s Trusted Crypto Exchange](https://assets.bitdegree.org/images/ndax-review-logo-small.png?tr=w-180,h-36)](https://www.bitdegree.org/crypto/goon/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) 678 Reviews 8\.5 [Bank Transfer: YES](https://www.bitdegree.org/crypto/goon/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [Visit site](https://www.bitdegree.org/crypto/goon/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [Read review](https://www.bitdegree.org/crypto/ndax-review) [![Shakepay - Canadian-Based Exchange for BTC and ETH](https://assets.bitdegree.org/images/shakepay-review-horizontal-image-.png?tr=w-180,h-36)](https://www.bitdegree.org/crypto/goon/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) 377 Reviews 8\.4 [Bank Transfer: YES](https://www.bitdegree.org/crypto/goon/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [Visit site](https://www.bitdegree.org/crypto/goon/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [Read review](https://www.bitdegree.org/crypto/shakepay-review) Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab [Rewards now](https://www.bitdegree.org/crypto/goon/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)! 🎁 Are you interested in trading cryptocurrencies but don't want to risk your hard-earned money right away? If so, you may want to check out crypto paper trading apps! These apps allow you to simulate trading in a real market environment without putting any actual funds at risk. Some of the most famous exchange platforms in the market, such as [Binance](https://www.bitdegree.org/crypto/goon/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Bybit](https://www.bitdegree.org/crypto/goon/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [Kraken](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), provide crypto paper trading. Since there are so many options, it’s important to really know each one of them, so you can choose the best one. If you're looking to earn some extra cash for your trading journey, check out [Ogvio's](https://www.bitdegree.org/crypto/goon/ogvio-earn?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) referral program, where you can receive \$10 for every 3 friends you invite\! But don’t get overwhelmed just yet! To make things easier for you, I’ll show you some of the best crypto paper trading apps. I'll go over what they are, how they work, and why they're worth considering for both novice and experienced traders. The crypto paper trading apps I'll cover in this article include: - [Kraken](https://www.bitdegree.org/crypto/crypto-paper-trading-app#kraken) - Best for Futures Trading - [Bitfinex](https://www.bitdegree.org/crypto/crypto-paper-trading-app#bitfinex) - Practice Trading in Different Areas - [BitMEX](https://www.bitdegree.org/crypto/crypto-paper-trading-app#bitmex) - Best for Crypto Derivatives - [CryptoHopper - Ideal for Crypto Bots](https://www.bitdegree.org/crypto/crypto-paper-trading-app#cryptohopper) - [TradingView](https://www.bitdegree.org/crypto/crypto-paper-trading-app#tradingview) - Allows Tracking Multiple Strategies - [BYDFi](https://www.bitdegree.org/crypto/crypto-paper-trading-app#bydfi) - User-Friendly Trading for All - [NDAX.io - Canada’s Trusted Crypto Exchange](https://www.bitdegree.org/crypto/crypto-paper-trading-app#ndax) - [Shakepay](https://www.bitdegree.org/crypto/crypto-paper-trading-app#shakepay) - Canadian-Based Exchange for BTC and ETH So, let's take your crypto trading game to the next level in a safe and risk-free way\! ## [1\. Kraken - Best for Futures Trading](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#1 out of 8 Crypto Exchanges ![Kraken - Best for Futures Trading](https://assets.bitdegree.org/images/kraken-review-homepage-$1$.jpg) Things we liked: - \+ Secure and reliable - \+ Accepts fiat currencies - \+ Lots of trading options - \+ 24/7 customer support - \+ Opt-in staking Things we didn't like: - \- Relatively high fees [Visit site](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) VerifiedStaff Pick ## GET 25 USD IN BTC ### Kraken USA Offer Attention Kraken USA users: for a limited time, trade \$100, get \$25 in BTC! Don't miss out on this Kraken promo code & secure yourself a great bonus. Expiration date: 14/04/2026 1,928 People Used Only 58 Left Rating 5\.0 [Get deal](https://www.bitdegree.org/crypto/goon/kraken-usa-btc-campaign?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Have you heard of [Kraken's](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) futures demo/test accounts? It's a great tool for anyone interested in trading cryptocurrency futures contracts without risking real money. Because it’s a trading simulation, you can think of it as a crypto paper trading app. Before we dive deep into Kraken, let’s recap what futures trading means: futures trading is when people make an agreement to buy or sell something at a certain price and date in the future. Now, with Kraken's futures demo/test accounts, you get access to a virtual trading environment where you can practice trading futures contracts on various cryptocurrencies. By the way, the platform is designed to be as realistic as possible, so you can get a sense of what it's like to trade in the real world. That means that you'll have access to real-time market data and also be able to test out different trading strategies and see how they work in different market conditions. ![Crypto paper trading app: Kraken.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-kraken.jpg) What’s more, one of the great things about Kraken's futures demo/test account is that it's completely free to use. Also, it doesn’t demand any special requirements in order to access it - all you need is a Kraken account, which you can create for free on the website. Note that this feature is linked to Kraken Pro, which is specially designed for advanced traders. In this sense, futures trading is not really ideal for beginners. However, that’s when testing it out with Kraken’s futures demo/test accounts comes in handy. Of course, Kraken's futures demo/test accounts are a great way to get familiar with Kraken’s platform, as well. So, even if you are an experienced trader, this can be a great opportunity not only to practice but also to understand how Kraken’s futures trading works. Overall, Kraken's futures demo/test accounts are a fantastic tool for anyone who wants to get into futures and paper trading. It's free, easy to use, and provides a realistic environment that can help you learn and practice your trading skills. [👉🏻 Visit Kraken](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [...or read our Kraken review](https://www.bitdegree.org/crypto/kraken-review) ## [2\. Bitfinex - Practice Trading in Different Areas](https://www.bitdegree.org/crypto/goon/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#2 out of 8 Crypto Exchanges ![Bitfinex - Practice Trading in Different Areas](https://assets.bitdegree.org/images/bitfinex-review-homepage-$1$.jpg) Things we liked: - \+ More than 250 crypto assets to trade with - \+ Supports fiat deposits - \+ Advanced trading tools - \+ Small fees - \+ Highly-improved security features Things we didn't like: - \- Controversial past - \- Might not be suitable for beginner traders [Visit site](https://www.bitdegree.org/crypto/goon/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) VerifiedStaff Pick ## 6% REBATE FEE ### Bitfinex Sign-Up Bonus Sign up with this Bitfinex referral coupon and get a 6% trading fee rebate right from the start. Lower fees = more crypto in your pocket\! Expiration date: 14/04/2026 422 People Used Only 33 Left Rating 5\.0 [Get deal](https://www.bitdegree.org/crypto/goon/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Have you heard of [Bitfinex](https://www.bitdegree.org/crypto/goon/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)? It’s a one of the oldest crypto exchanges that also provides users with a crypto paper trading app where you can develop and test your trading strategies in a simulated market environment. With Bitfinex paper trading, you can practice trading in different areas like spot, [margin](https://www.bitdegree.org/crypto/tutorials/what-is-margin-trading-crypto) and derivatives trading, as well as margin funding, Bitfinex Borrow, and the [OTC trading desk](https://www.bitdegree.org/crypto/best-crypto-otc-trading-platform). That way, you can access reserve test funding, borrow funds from other users, and experiment with large orders without having to go through the public [order books](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-order-book) - all in one platform. However, as I mentioned, paper trading does not involve tokens with real value, as they can only be traded in a mock environment (a simulation) - that is naturally also true when it comes to Bitfinex paper trading. Now, you might be wondering, “How can I start paper trading with Bitfinex?”. Well, it’s very simple. ![Crypto paper trading app: Bitfinex.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-bitfinex.jpg) In Bitfinex’s case, you will need to create a sub-account, and, to do that, first, you need to log in to your Bitfinex account and go to the sub-accounts section, where you will find the option to choose a paper trading sub-account. Then, you will have to provide an email address and create a username, as well as a password. By the way, it's important to use a new email and username when creating a sub-account. Moreover, once a sub-account has been created and enabled for paper trading, it cannot be converted to a regular account. Having to use a different account to paper trade cryptos might not be so practical, but the good news is that there are no requirements to create a sub-account on Bitfinex’s crypto paper trading app. Do note that the maximum limit for refilling the total balance per sub-account is \$1,000,000 (or its equivalent value in other currencies) and up to \$100,000 (or its equivalent value in other currencies) per paper currency. Furthermore, when it comes to paper trading and Bitfinex, we also have to talk about the option of paper trading using Bitfinex Honey. ![Crypto paper trading app: Bitfinex Honey.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-bitfinex-honey.jpg) Bitfinex Honey is an open-source and customizable toolkit for traders. It offers a range of features to enhance the functionalities of the Bitfinex platform. Thus, with Bitfinex Honey, traders can run multiple algorithmic trading strategies, design custom orders, and receive notifications, all through an intuitive interface. Seems cool, right? And it is. But, it actually gets better, as the Bitfinex Honey toolkit comprises both standalone versions and a web application, providing traders with flexibility in how they access and use the tool\! “How does it connect to paper trading?”, you might ask. Simply put, you can try out Bitfinex Honey with a paper trading account. This can make the experience less daunting for new traders and provide a valuable opportunity for more experienced traders to practice. That's it! Now you are aware of the opportunities provided by Bitfinex crypto paper trading app to develop and test your trading strategies without risking any real funds. [👉🏻 Visit Bitfinex](https://www.bitdegree.org/crypto/goon/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [...or read our Bitfinex review](https://www.bitdegree.org/crypto/bitfinex-review) ## [3\. BitMEX - Best for Crypto Derivatives](https://www.bitdegree.org/crypto/goon/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#3 out of 8 Crypto Exchanges ![BitMEX - Best for Crypto Derivatives](https://assets.bitdegree.org/images/bitmex-review-homepage-image.jpg) Things we liked: - \+ Strong security - \+ Various derivatives products - \+ Low fees - \+ Spot trading available Things we didn't like: - \- Not available in the US - \- Limited crypto asset variety [Visit site](https://www.bitdegree.org/crypto/goon/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [BitMEX](https://www.bitdegree.org/crypto/goon/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a popular trading platform for crypto derivatives that allows traders to buy and sell contracts for cryptocurrencies with a leverage of up to 100 times. It’s a great platform for experienced crypto traders. However, it also offers a really nice opportunity for new traders with their crypto paper trading app. So, the way to paper trade cryptos with BitMEX is through the BitMEX Testnet. BitMEX Testnet lets you work with derivatives, in addition to buying and selling standard coins. You can also use the platform to learn how to trade on BitMEX and try out several strategies and techniques without risking your money. Therefore, BitMEX Testnet was specially designed for beginners to get into the world of crypto derivatives trading. But, of course, it is beneficial for advanced traders, as well. It’s worth noting the BitMEX and BitMEX Testnet are different platforms, meaning that the latter is independent from the former. Due to that, you need to create a completely new account on BitMEX Testnet, regardless if you already have one on BitMEX. ![Crypto paper trading app: BitMEX.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-bitmex.jpg) Though, no need to worry, as it’s very simple to sign in to BitMEX Testnet - essentially, you just need to provide an email address and a password. Now, once you create an account on BitMEX Testnet, you'll receive 100,000 Testnet [Tether](https://www.bitdegree.org/crypto/buy-tether-usdt). You can use these coins to try out various strategies and techniques without risking your money. If you run out of Testnet coins, you can replenish them from various faucets on the internet. Just a heads up, the Testnet creates a replica of the original account to provide users with a genuine experience. However, users get to trade with Testnet coins that hold no actual value. Also, it’s important to know one more thing: some users have pointed out that BitMEX Testnet’s prices are not always aligned with those on BitMEX. But that is completely normal, because the Testnet has its own order book and trading volume and real market movements may not always be reflected on it. Regardless of that, BitMEX is still a good paper trading crypto app, especially for those interested in crypto derivatives trading. [👉🏻 Visit BitMEX](https://www.bitdegree.org/crypto/goon/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [...or read our BitMEX review](https://www.bitdegree.org/crypto/bitmex-review) ![Compare Crypto Exchanges Side by Side With Others](https://assets.bitdegree.org/crypto/assets/images/compare-crypto-exchanges.gif) Did you know? Compare Crypto Exchanges Side by Side With Others All Crypto Exchanges may look similar to you but they're NOT all the same\! [Yes! Show me the Comparison Chart](https://www.bitdegree.org/crypto-exchange-comparison/kraken-vs-bitmex) ## [4\. CryptoHopper - Ideal for Crypto Bots](https://www.bitdegree.org/crypto/goon/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#4 out of 8 Crypto Exchanges ![CryptoHopper - Ideal for Crypto Bots](https://assets.bitdegree.org/crypto/storage/optimized/cryptohopper-review-homepage-image.jpg) Things we liked: - \+ Free trial - \+ Supports most major cryptocurrency exchanges - \+ Automated and manual trading capabilities - \+ Specialized features for beginners and experienced traders - \+ Various testing tools Things we didn't like: - \- Technical issues - \- Overcharge concerns [Visit site](https://www.bitdegree.org/crypto/goon/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) So far, I’ve talked about some exchange platforms that provide paper trading services. However, this list also includes tools that enable users to simulate trading without any risks. CryptoHopper is one of them, as it’s a crypto trading bot and a crypto paper trading app. “What’s CryptoHopper used for?” you might ask. Well, it’s a crypto trading automation tool that allows users to create and customize trading bots that can buy and sell cryptocurrencies automatically. Put simply, it makes transactions easier and more efficient. Just keep in mind that CryptoHopper is not an exchange platform; it’s a tool used on [exchanges](https://www.bitdegree.org/crypto/best-cryptocurrency-exchange). Well, that’s one side of it. The other, which is the one we are interested in now, is the paper trading service. As a paper trading crypto app, CryptoHopper lets you open a demo account and train various bots, testing out automation strategies for crypto trading. ![Crypto paper trading app: CryptoHopper.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-cryptohopper.jpg) What’s more, you can link all of your crypto exchange accounts and manage them, all in one place. This way, you can keep track of cryptocurrency prices using a feature called "trailing," which will notify you when the trend changes. Besides, this tool also provides helpful features, such as the ability to copy other traders and a variety of bot templates to start with. Now, once you create a demo account, you can deposit up to 100,000 in any currency and use the simulator to practice. However, you'll have seven days to try out different features and trade various cryptocurrencies, including [Bitcoin](https://www.bitdegree.org/crypto/buy-bitcoin-btc), [Ethereum](https://www.bitdegree.org/crypto/buy-ethereum-eth), [Litecoin](https://www.bitdegree.org/crypto/buy-litecoin-ltc), and more. By the way, there is a drawback for beginners, as Cryptohopper’s paper trading simulator is not so easy to use. Thus, it may not be recommended for new traders who want to focus on standard trading instead of automation. Though, If you're up for the challenge, Cryptohopper is a good choice for anyone who wants to use bots in trading. [👉🏻 Visit Cryptohopper](https://www.bitdegree.org/crypto/goon/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [...or read our Cryptohopper review](https://www.bitdegree.org/crypto/cryptohopper-review) ## [5\. TradingView - Allows Tracking Multiple Strategies](https://www.bitdegree.org/crypto/goon/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#5 out of 8 Crypto Exchanges ![TradingView - Allows Tracking Multiple Strategies](https://assets.bitdegree.org/images/tradingview-review-homepage-image.png) Things we liked: - \+ Market data for 2 million+ financial instruments - \+ 20+ virtual chart types and customizable tools - \+ Trading functionalities within the chart - \+ Calendar for key financial events Things we didn't like: - \- Poor customer service - \- The free plan is quite limiting [Visit site](https://www.bitdegree.org/crypto/goon/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) VerifiedStaff Pick ## 17% OFF ### TradingView Subscription Discount Upgrade to a yearly plan and get up to a 17% TradingView discount instantly! More value for your trading toolkit, all year long. Expiration date: 15/04/2026 5,211 People Used Only 9 Left Rating 5\.0 [Get deal](https://www.bitdegree.org/crypto/goon/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) TradingView is a trading tool that can be used for various purposes. I’ll tell you more about its use cases in a second, but know that it’s also a crypto paper trading app. You can use it to create a virtual account, receive fake money, and start trading cryptocurrencies in real time without risking any of your own funds. Now, talking about what this platform does, it provides traders and investors with a range of tools to examine financial markets. It offers live information, adjustable charts, tools for [technical analysis](https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto), and a social network of traders where individuals can exchange their thoughts and tactics. What’s more, it has the ability to track multiple trading strategies at once - this can be especially helpful for those who want to compare different approaches and find the one that works best for them. Additionally, it enables users to take snapshots of their trade setups and view their virtual purchases and account balances, allowing them to make informed decisions and track their progress. ![Crypto paper trading app: TradingView.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-tradingview.jpg) Again, the reason why TradingView is included in this list is exactly because, like the other options listed, it allows you to simulate live trading. So, when you create an account and log in to use the paper trading feature, you will receive \$100,000, which you can reset at any time. Moreover, TradingView has an easy-to-use interface that makes it accessible to beginners, while its advanced charting tools make it attractive to more experienced traders. However, there’s one major drawback to TradingView's paper trading platform, which is the lack of customer support. Many users have reported that customer support is almost nonexistent, which can be frustrating if you need help or have any issues with the app. Overall, though, TradingView is a sufficient choice for those who want to practice crypto trading, as well as track multiple trading strategies. It’s good for both beginners and experienced traders alike. [👉🏻 Visit TradingView](https://www.bitdegree.org/crypto/goon/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [...or read our TradingView review](https://www.bitdegree.org/crypto/tradingview-review) ## [6\. BYDFi - User-Friendly Trading for All](https://www.bitdegree.org/crypto/goon/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#6 out of 8 Crypto Exchanges ![BYDFi - User-Friendly Trading for All](https://assets.bitdegree.org/images/bydfi-review-homepage-website.jpg) Things we liked: - \+ Huge trading variety - \+ Regulation-compliant around the globe - \+ Fair trading fees - \+ Beginner-friendly tools - \+ Copy trading functionality Things we didn't like: - \- No NFT services - \- No staking capability VerifiedStaff Pick ## 2,000 DEPOSIT BONUS ### New Year Deal - BYDFi Start 2026 with a huge reward – claim up to 2,000 BYDFi deposit bonus! Just sign up with the referral code "7xdZ3t" and make a deposit to unlock your bonus. Act fast\! Expiration date: 14/04/2026 1,009 People Used Only 15 Left Rating 5\.0 [Get deal](https://www.bitdegree.org/crypto/goon/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [BYDFi](https://www.bitdegree.org/crypto/goon/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a cryptocurrency exchange platform that aims to provide a user-friendly experience for both novice and experienced traders. While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include: - Spot Trading: Buy and sell cryptocurrencies at current market prices. - Derivatives Trading: Trade cryptocurrency futures and options contracts. - Copy Trading: Automatically replicate the trades of experienced traders. - Mobile App: Trade on iOS and Android devices. - Educational Resources: Guides and tutorials for learning about crypto trading. - Trading Bots: Use automated tools to trade cryptocurrencies like a pro. The platform supports more than 400 cryptocurrencies, including [Bitcoin (BTC)](https://www.bitdegree.org/crypto/buy-bitcoin-btc), [Ethereum (ETH)](https://www.bitdegree.org/crypto/buy-ethereum-eth), and [Litecoin (LTC)](https://www.bitdegree.org/crypto/buy-litecoin-ltc). BYDFi also aims to provide competitive trading fees by offering a flat maker/taker rate of 0\.1% on its spot trading platform. BYDFi is available in the US, Canada, and 150 other countries. When it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses Amazon Web Services, multi-factor authentication and hardware verification, as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts. [👉🏻 Visit BYDFi](https://www.bitdegree.org/crypto/goon/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [...or read our BYDFi review](https://www.bitdegree.org/crypto/bydfi-review) ## [7\. NDAX.io - Canada’s Trusted Crypto Exchange](https://www.bitdegree.org/crypto/goon/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#7 out of 8 Crypto Exchanges ![NDAX.io - Canada’s Trusted Crypto Exchange](https://assets.bitdegree.org/images/ndax-review-homepage-image.png) Things we liked: - \+ All-in-one trading platform for individuals - \+ Earn passive income through Ndax staking - \+ High-level of security and compliance Things we didn't like: - \- Canadian-focused trading platform VerifiedStaff Pick ## \$65K IN CRYPTO PRIZES ### Ndax Ice Canadian Playoff Challenge Hockey meets crypto action! Predict daily Stanley Cup® playoff winners in the Ndax app and compete for your share of over \$65K in crypto credits. Plus, earn entries for Stanley Cup tickets & more\! Expiration date: 13/04/2026 2,452 People Used Only 11 Left Rating 5\.0 [Get deal](https://www.bitdegree.org/crypto/goon/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [NDAX](https://www.bitdegree.org/crypto/goon/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) (National Digital Asset Exchange) is a Canadian cryptocurrency platform that offers a curated selection of approximately 40 digital assets, including [Bitcoin (BTC)](https://www.bitdegree.org/crypto/buy-bitcoin-btc), [Ethereum (ETH)](https://www.bitdegree.org/crypto/buy-ethereum-eth), and [Cardano (ADA)](https://www.bitdegree.org/crypto/buy-cardano-ada). The platform caters to both individual and institutional investors with features such as simple trading, staking with up to 13% APY on select cryptocurrencies, auto-invest options, and advanced trading tools. The majority of NDAX’s client assets are held offline in [cold storage](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-cold-storage), utilizing multi-signature technology provided by [Ledger Vault](https://www.bitdegree.org/crypto/goon/ledger?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) to ensure optimal protection. Additionally, NDAX offers insurance coverage of \$5 million for cold wallets, safeguarding against risks like fraud, internal theft, and hardware security module (HSM) malfunctions. [Hot wallets](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-hot-wallet) are insured for up to \$3 million per incident, and the company maintains CAD 5 million in general business liability insurance. NDAX also has strong regulatory compliance and security certification. These include registrations with: - Canadian Investment Regulatory Organization (CIRO); - Financial Transactions and Reports Analysis Centre of Canada (FINTRAC); - Revenue Québec. In addition, it is the first Canadian crypto platform to achieve SOC 2 Type II certification, reflecting its dedication to maintaining high security and operational standards. Additionally, with a competitive trading fee of 0.2%, NDAX provides a secure and user-friendly environment for cryptocurrency trading and investment. [👉🏻 Visit Ndax](https://www.bitdegree.org/crypto/goon/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [...or read our Ndax review](https://www.bitdegree.org/crypto/ndax-review) ## [8\. Shakepay - Canadian-Based Exchange for BTC and ETH](https://www.bitdegree.org/crypto/goon/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#8 out of 8 Crypto Exchanges ![Shakepay - Canadian-Based Exchange for BTC and ETH](https://assets.bitdegree.org/images/shakepay-review-homepage-image-.jpg) Things we liked: - \+ Zero fees - \+ Easy-to-use interface - \+ Insurance protection on cold ctorage - \+ Shakepay Visa card for spending CAD balances Things we didn't like: - \- Canada-exclusive availability - \- Small selection of tokens - \- No phone-based customer support [Shakepay](https://www.bitdegree.org/crypto/goon/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a Canadian cryptocurrency platform focused on facilitating the buying and selling of [Bitcoin](https://www.bitdegree.org/crypto/buy-bitcoin-btc) and [Ethereum](https://www.bitdegree.org/crypto/buy-ethereum-eth). It is known for its intuitive interface and commission-free transactions, making it easy for users to buy and sell these two popular cryptocurrencies. While its crypto offering is extremely streamlined compared to other platforms, Shakepay offers other features like crypto Visa cards and crypto integration for businesses. These show how the platform aims to make crypto accessible to the general masses without intimidating them with the steep learning curve of trading. ![Shakepay review summary: Shakepay's benefits.](https://assets.bitdegree.org/images/shakepay-review-summary-benefits.jpg) Despite its rather simple offerings, Shakepay doesn’t skimp on security. The platform stores a majority of digital currencies in cold storage wallets. It partners with an NYDFS (New York State Department of Financial Services)-regulated provider who holds SOC 1 Type II and SOC 2 Type II certifications. Shakepay also holds an insurance policy on the digital currencies held in [cold storage](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-cold-storage). This policy covers most damages, theft, and loss of private keys. In terms of account security, the platform implements essential measures, like two-factor authentication, device lock, and 256-bit AES encryption for data protection. These make Shakepay a solid choice for those looking for a simple and secure way to get started with Bitcoin and Ethereum. [👉🏻 Visit Shakepay](https://www.bitdegree.org/crypto/goon/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [...or read our Shakepay review](https://www.bitdegree.org/crypto/shakepay-review) ## Best Crypto Paper Trading App: What is Paper Trading? If you're looking for the best crypto paper trading app, you probably already know what crypto paper trading is. However, just to be sure, let’s talk about it a bit. Essentially, crypto paper trading is a tool that allows to simulate live transactions, without the need to actually put real money into it. In other words, a paper trade is a way for investors to practice trading with no risk of losing funds. By the way, when I mention “live transactions” or “live markets”, I mean the actual, real-time trading that takes place on financial markets - like [Binance](https://www.bitdegree.org/crypto/goon/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Coinbase](https://www.bitdegree.org/crypto/goon/coinbase?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Bybit](https://www.bitdegree.org/crypto/goon/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and so on - for assets like stocks, cryptocurrencies, and [commodities](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-digital-commodity). Since there is no risk of losing your money, the contrary is also true: you don’t earn anything in return, even if you make a really successful trade. Given that, you might be wondering – What’s the point, then? ![Crypto paper trading app: Checklist.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-checklist.jpg) Well, the point is to experiment and learn! Paper trading is meant for beginners to familiarize themselves with trading and for seasoned traders to explore new strategies while honing their skills in buying and selling securities. Not only that, by paper trading crypto assets, investors and traders can test out different trading platforms and even different order types, such as [limit orders](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-limit-order-limit-buy-limit-sell), [stop-loss](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-stop-loss-order), and [market orders](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-market-order-market-buy-market-sell). By the way, paper transactions work by using a virtual trading account with fake funds. However, even though it’s a fabricated scenario, crypto paper trading apps track the crypto market and mimic real-time changes, making the whole experience quite genuine. Pretty interesting, right? Note that, since it’s a simulation, crypto paper trading apps will not always be able to completely reproduce the reality of live markets, as there are many variables that are not necessarily predictable. Furthermore, they are better suited for [day trading](https://www.bitdegree.org/crypto/best-crypto-exchange-for-day-trading), rather than for long-term strategies. ![Crypto paper trading app: Bitcoin.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-bitcoin.jpg) Though, there is a way to overcome the limitation of paper trading, investors need to use genuine trading techniques and goals in order to get the most out of paper trading. This entails taking into consideration the same risk-return goals, investment restrictions, and trading time frame that would be used with a live account. In other words, don't think of it as a simulation; take it seriously. That said, taking it seriously also means planning how you'll fund and cash out later, and [Ogvio](https://www.bitdegree.org/crypto/goon/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) can be great for that. The platform shows bank transfer fees upfront with fair exchange rates before you confirm. In addition, for crypto moves, Ogvio is almost instant and doesn't charge any fees. That way, the crypto paper trading experience can be as accurate and positive as possible. Now, some of the platforms I included in this list refer to their paper trading feature as a “testnet”. What are those? Simply put, in this context, a testnet is a type of paper trading, in the sense that it’s used to test trading strategies. Though, note that [testnets](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-testnet) are usually viewed as a playground for blockchain developers to test their ideas and make sure everything is working smoothly - by finding and fixing bugs, for example - before they launch their projects on the [mainnet](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-mainnet) (the main network). The paper trading crypto apps I've covered in this article, though, help you simulate live trading - whether they are called testnet, paper trading, or even mock trading, they all refer to the same thing in this context. ## Conclusions Well, that's it for our exploration of crypto paper trading apps. I've covered what they are, how they work, and why they're worth considering for anyone looking to get into crypto trading. I've also looked at some of the best crypto paper trading platforms available, including [Binance](https://www.bitdegree.org/crypto/goon/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Bybit](https://www.bitdegree.org/crypto/goon/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [Kraken](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app). Thus, by now, you should have a good understanding of what paper trading cryptos can offer and how it can help you refine your trading skills without risking any real money. Therefore, whether you're a complete beginner or a seasoned trader looking to test out new strategies, paper trading can be an invaluable tool for learning and experimentation. So, if you're thinking about getting into the crypto world, consider giving paper trading crypto a try. Who knows, you might just discover your inner trading wizard and start making some serious profits in the live markets. Talking about profits, if you're looking to make some extra money on the side, check out [Ogvio's](https://www.bitdegree.org/crypto/goon/ogvio-earn?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) referral program, where you can earn \$10 for every 3 friends you invite. Also, there are no limits on how many people you can invite\! [See User Reviews](https://www.bitdegree.org/crypto/crypto-paper-trading-app#user-reviews) * ### Other Crypto Exchanges in This Category Here are other crypto exchanges related to the category but not as favored by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchanges in the list with the higher rating that I'd [recommend for the same price range or less.](https://www.bitdegree.org/crypto/crypto-paper-trading-app#top-rating-table) ### eToro - Great for Beginners ![eToro - Great for Beginners](https://assets.bitdegree.org/crypto/storage/media/etoro-homepage-image.o.jpg) Things we liked: - \+ Copy trading service available - \+ A variety of cryptocurrencies to choose from - \+ Beginner-friendly Things we didn't like: - \- Relatively high fees - \- Slow customer support Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. You might have heard of eToro as a trading platform, but did you know that it is also considered a crypto paper trading app? That's because it provides demo accounts so you can practice live trading. The demo account gives access to all eToro's features. So, you can install metrics, draw lines, and trends, and enter buy and sell orders - all without risking real money, of course. Not only that, the virtual account provides advanced trading tools, including leverage, stop-loss, and take-profit, to experiment with various risk levels. Furthermore, when it comes to usability, eToro doesn’t stay behind. The interface is clean and easy to use. It is also simple to start paper trading cryptos in eToro, as you only need to open a demo account on the platform. By the way, it’s free to sign up and, after you create your account, you receive \$100,000 in virtual funds so you can practice paper trading right away. This amount is sufficient to help you learn the ropes of trading, but not too much to prevent you from working within reasonable limits. ![Crypto paper trading app: eToro.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-etoro.jpg) Given everything I said so far, it seems clear that eToro’s paper trading crypto app was specially created for beginners, due to its simple interface and beginner-friendly protocols. However, if you are an advanced trader, it's still a sufficient platform for you as it’s primarily designed to hone trading skills overall. At last, note that eToro has the social news stream, which enables you to discuss concepts and chart analysis with other users*, creating a worldwide trader network. So, to summarize, using eToro's virtual accounts can help you gain confidence in trading before investing real money. It is dubbed as one of the best crypto paper trading apps by some as it provides a safe environment to learn and practice trading. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.* ## Scientific References 1\. A. Jalan, R. Matkovskyy, A. Urquhart: 'What Effect Did the Introduction of Bitcoin Futures Have On the Bitcoin Spot Market?'; 2\. J.R. Jensen, V. von Wachter, O. Ross: 'Leveraged Trading on Blockchain Technology'. ## About Article's Experts & Analysts [![Aaron S. Editor-In-Chief](https://assets.bitdegree.org/images/aaron.jpg?tr=w-70)](https://www.bitdegree.org/about-us/analysts/aaron-s-editor-in-chief) By [Aaron S.](https://www.bitdegree.org/about-us/analysts/aaron-s-editor-in-chief) Editor-In-Chief Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W... [Full Bio](https://www.bitdegree.org/about-us/analysts/aaron-s-editor-in-chief) Behind every content piece, there is an Expert.[Learn About Our Expert Contributors & Analysts](https://www.bitdegree.org/about-us/analysts) [![Aaron S. Editor-In-Chief](https://assets.bitdegree.org/images/aaron.jpg?tr=w-70)](https://www.bitdegree.org/about-us/analysts/aaron-s-editor-in-chief) [Aaron S.](https://www.bitdegree.org/about-us/analysts/aaron-s-editor-in-chief) Editor-In-Chief Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers. Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners. Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova. [Full Bio](https://www.bitdegree.org/about-us/analysts/aaron-s-editor-in-chief) [See Our Experts](https://www.bitdegree.org/about-us/analysts) [![Kraken Logo](https://assets.bitdegree.org/images/kraken-review-horizontal-logo-v1.png)KRAKEN](https://www.bitdegree.org/crypto/kraken-review) [![BYDFi Logo](https://assets.bitdegree.org/crypto/storage/optimized/BYDFi%20logo%20small.png)BYDFI](https://www.bitdegree.org/crypto/bydfi-review) 9\.8 VS 9\.6 [Compare](https://www.bitdegree.org/crypto-exchange-comparison/kraken-vs-bydfi) [![Kraken Logo](https://assets.bitdegree.org/images/kraken-review-horizontal-logo-v1.png)KRAKEN](https://www.bitdegree.org/crypto/kraken-review) [![Coinbase Logo](https://assets.bitdegree.org/images/coinbase-review-horizontal-logo.png)COINBASE](https://www.bitdegree.org/crypto/coinbase-review) 9\.8 VS 9\.4 [Compare](https://www.bitdegree.org/crypto-exchange-comparison/coinbase-vs-kraken) TOP3 Recommended Crypto Exchanges: [![Top Crypto Exchange](https://assets.bitdegree.org/images/kraken-review-horizontal-logo-v1.png)](https://www.bitdegree.org/crypto/kraken-review) 9\.8 [Read review](https://www.bitdegree.org/crypto/kraken-review) [![Top Crypto Exchange](https://assets.bitdegree.org/crypto/storage/optimized/BYDFi%20logo%20small.png)](https://www.bitdegree.org/crypto/bydfi-review) 9\.6 [Read review](https://www.bitdegree.org/crypto/bydfi-review) [![Top Crypto Exchange](https://assets.bitdegree.org/images/coinbase-review-horizontal-logo.png)](https://www.bitdegree.org/crypto/coinbase-review) 9\.4 [Read review](https://www.bitdegree.org/crypto/coinbase-review) * How we review crypto exchanges - 1\. Collect data based on user reviews. - 2\. Investigate the crypto exchanges online. - 3\. Usually, test the crypto exchanges ourselves. - 4\. Evaluate & rank online crypto exchanges. - 5\. Publish crypto exchange reviews & guides. [See BEST-RATED Exchanges](https://www.bitdegree.org/crypto/best-cryptocurrency-exchange) Disclosure: To keep our site running & free of charge, we may sometimes receive a small commission if a reader decides to purchase services via some links on site, at no extra cost. * TOP3 Most Popular Coupon Codes ![Changelly Review](https://assets.bitdegree.org/images/logo-new-rocket-black.png) Verified WIN AN EXCLUSIVE WALLET250 SafePal x Changelly Wallets Up for Grabs\! Rating5\.0 [Get deal](https://www.bitdegree.org/crypto/goon/changelly-safepal-giveaway?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) [See all Provider Coupons](https://www.bitdegree.org/crypto/deals/changelly-promo-code) ![Summ Review](https://assets.bitdegree.org/images/summ-review-horizontal-logo.png) Verified GET 20% DISCOUNTOn Any Summ Plan Rating5\.0 [Get deal](https://www.bitdegree.org/crypto/goon/summ?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) ![ZERO FEES](https://assets.bitdegree.org/images/ogvio-logo.png) Verified ZERO FEESFor Ogvio Money Transfers Rating5\.0 [Get deal](https://www.bitdegree.org/crypto/goon/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) ## Recent Best Crypto Paper Trading App User Reviews HI ### Hook Ioana 5\.0/5.0 - Kraken User 17/02/2026 #### PRO level :) How come no one told me to start using Kraken PRO sooner. I regret missing oportunity. At least now i'm at a level that I can use the platform to it's full potential ### Evaluation Price value Ease of Use Experience Features Safety LA ### Larry Alford 4\.6/5.0 - Crypto.com User 14/01/2026 #### Used to great… It started out great but Now I want to withdraw my funds but cannot ### Evaluation Price value Ease of Use Experience Features Safety S ### shakir 5\.0/5.0 - Kraken User 07/02/2026 #### Upgrade Had to upgrade to higher tier because fiat payments were not eligible. As promised, got verified in few days. Don't know what I was hesitant about :) now have unlocked all the available features\! ### Evaluation Price value Ease of Use Experience Features Safety KD ### Keegan D 4\.8/5.0 - Coinbase User 21/03/2026 #### Niche cryptos The fact that they don't add the niche cryptos is a blessing and a curse. I get that it's a safety precaution, so now i use less-legit exchanges to chase the hype and maybe earn a bit on the side. ### Evaluation Price value Ease of Use Experience Features Safety C ### Chanel 5\.0/5.0 - Kraken User 18/01/2026 #### Decent amount of cryptos Well, the number of cryptocurrencies is reasonable, I don't think the higher the number, the better the exchange... I personally choose few cryptos at a time to focus on trading. ### Evaluation Price value Ease of Use Experience Features Safety KCM ### K. C. Michael 5\.0/5.0 - Coinbase User 03/02/2026 #### Average user The interface and navigation is not as intimidating as i have seen on other exchanges, all main functions are easy to find and use. The clean design is average user fiendly\! ### Evaluation Price value Ease of Use Experience Features Safety LC ### Lynn Cassidy 4\.8/5.0 - Coinbase User 11/01/2026 #### Sharing info on the platform Coinbase security have never disappointed me, but knowing that my account is not anonymous and my wallet can be frozen keeps me on my toes... :\\| ### Evaluation Price value Ease of Use Experience Features Safety RK ### ray keenan 5\.0/5.0 - Coinbase User 20/01/2026 #### what about some customization? The platform is very functional and all but I wish customization was available. Personalising design or colour themes and feature placements would be a great option\! ### Evaluation Price value Ease of Use Experience Features Safety PWJ ### P. Watson Jr 5\.0/5.0 - Coinbase User 25/03/2026 #### Senior user Very glad I chose this platform from the get go, the recommendations and positive feedback enticed me. All of it still holds up after years of trading, I only have hard time catching up to all the new updates and improvements, so reading acticles like this binance review makes the process easier. Overall though, the basic funtions and options are often more than enough for majority of users. ### Evaluation Price value Ease of Use Experience Features Safety EK ### E. Kramer 5\.0/5.0 - Coinbase User 21/01/2026 #### Never had issues I can happily vouch for the security on Coinbase. Had to seet it to believe it, no issues to this day. The sertifications they have acieved only add to the trust\! ### Evaluation Price value Ease of Use Experience Features Safety CN ### CJ Noor 5\.0/5.0 - Kraken User 10/02/2026 #### annoying but necessary Security measure arround every corner:D Was annoyed at first but now got used to it and i generally feel safer about my money on the platform ### Evaluation Price value Ease of Use Experience Features Safety EJ ### E. Joyner 4\.8/5.0 - Kraken User 10/01/2026 #### Fees in EU Glad fees on this platform are not too high and deposits are free in the EU. I withdraw quite often so those costs do add up :// ### Evaluation Price value Ease of Use Experience Features Safety KB ### Kourtney Burch 5\.0/5.0 - Kraken User 25/01/2026 #### The App Recently tried out the Kraken app and it was a game changer for short trading sessions!!\! ### Evaluation Price value Ease of Use Experience Features Safety L-C ### LC - Correa 5\.0/5.0 - Coinbase User 06/03/2026 #### transfers very easy to transfer between coinbase, gdax and other platforms. didnt experience any issues ### Evaluation Price value Ease of Use Experience Features Safety MTM ### Marcie the Mute 4\.0/5.0 - Crypto.com User 04/02/2026 #### Wait for so long Long time for waiting registration ### Evaluation Price value Ease of Use Experience Features Safety L ### Lilly-vanily 5\.0/5.0 - Coinbase User 28/03/2026 #### Happy that coinbase is in my country It's a shame that Coinbase in not available in more countries. Just happy I had the opportunity to move and now can have this new trading experience. ### Evaluation Price value Ease of Use Experience Features Safety SM ### Sound Marcie 5\.0/5.0 - Crypto.com User 08/02/2026 #### Best I really dont understand what people are complaining about ### Evaluation Price value Ease of Use Experience Features Safety H ### Hal6574 5\.0/5.0 - Kraken User 20/01/2026 #### SIMPLE The newbie trading makes it very easy to use the platform\! ### Evaluation Price value Ease of Use Experience Features Safety MD ### Matias Dale 4\.8/5.0 - Kraken User 23/02/2026 #### first exchange It took me more time than i expected to figure out how to use the exchange. Totally get why not many beginners go for Kraken as their first exchange. Aside from that, have no other issues. ### Evaluation Price value Ease of Use Experience Features Safety LD ### Lease Denise 4\.2/5.0 - Crypto.com User 27/01/2026 #### After 6 months of use, I love it\! Here, I'm rating the crypto.com app and the debit card. My experience so far it's been great\! ### Evaluation Price value Ease of Use Experience Features Safety 1 2 3 4 * #### Leave your honest Best Crypto Paper Trading App review Leave your genuine opinion & help thousands of people to choose the best crypto exchange. All reviews, either positive or negative, are accepted as long as they're honest. We do not publish biased reviews or spam. So if you want to share your experience, opinion or give advice - the scene is yours\! ## FAQ ### What are crypto paper trading apps? Crypto paper trading apps are software applications that simulate live trading of cryptocurrencies using fake funds, without risking any real money. So, they are a great way to learn how to trade or test out your trading strategies before using them on the actual crypto market. Some of the best crypto paper trading apps include [Binance](https://www.bitdegree.org/crypto/goon/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Bybit](https://www.bitdegree.org/crypto/goon/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [Kraken](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app). ### Why should I use a crypto paper trading app? Crypto paper trading apps can be beneficial for several reasons. Firstly, they allow users to practice trading in a risk-free environment, helping them gain confidence in their trading skills. Additionally, users can test and refine different trading strategies without risking real money. Finally, using a paper trading app, like [Bybit](https://www.bitdegree.org/crypto/goon/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Binance](https://www.bitdegree.org/crypto/goon/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), or [Kraken](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), can help users learn about the cryptocurrency market and become more familiar with the trading process overall. ### How to pick the best crypto exchange for yourself? Picking out the [best crypto exchange](https://www.bitdegree.org/crypto/best-cryptocurrency-exchange) for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario\! ### Which cryptocurrency exchange is best for beginners? Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that [KuCoin](https://www.bitdegree.org/crypto/goon/kucoin?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is one of the simpler exchanges on the current market. ### What is the difference between a crypto exchange and a brokerage? In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. [Kraken](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no "other person" - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity. ### Are all the top cryptocurrency exchanges based in the United States? No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. [KuCoin](https://www.bitdegree.org/crypto/goon/kucoin?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) or [Kraken](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)), there are other very well-known industry leaders that are located all over the world. For example, [Binance](https://www.bitdegree.org/crypto/goon/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform. ![Squeeze Me In](https://assets.bitdegree.org/assets/subscribe.svg) Get Daily Crypto Insights That Finally Click Join 120,000+ Daily Squeeze subscribers and get our 5 min newsletter with the juicy insights, and tips to spice up your investment game daily. 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Readable Markdown	Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab [Rewards now](https://www.bitdegree.org/crypto/goon/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)! 🎁 Are you interested in trading cryptocurrencies but don't want to risk your hard-earned money right away? If so, you may want to check out crypto paper trading apps! These apps allow you to simulate trading in a real market environment without putting any actual funds at risk. Some of the most famous exchange platforms in the market, such as [Binance](https://www.bitdegree.org/crypto/goon/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Bybit](https://www.bitdegree.org/crypto/goon/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [Kraken](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), provide crypto paper trading. Since there are so many options, it’s important to really know each one of them, so you can choose the best one. If you're looking to earn some extra cash for your trading journey, check out [Ogvio's](https://www.bitdegree.org/crypto/goon/ogvio-earn?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) referral program, where you can receive \$10 for every 3 friends you invite\! But don’t get overwhelmed just yet! To make things easier for you, I’ll show you some of the best crypto paper trading apps. I'll go over what they are, how they work, and why they're worth considering for both novice and experienced traders. The crypto paper trading apps I'll cover in this article include: - [Kraken](https://www.bitdegree.org/crypto/crypto-paper-trading-app#kraken) - Best for Futures Trading - [Bitfinex](https://www.bitdegree.org/crypto/crypto-paper-trading-app#bitfinex) - Practice Trading in Different Areas - [BitMEX](https://www.bitdegree.org/crypto/crypto-paper-trading-app#bitmex) - Best for Crypto Derivatives - [CryptoHopper - Ideal for Crypto Bots](https://www.bitdegree.org/crypto/crypto-paper-trading-app#cryptohopper) - [TradingView](https://www.bitdegree.org/crypto/crypto-paper-trading-app#tradingview) - Allows Tracking Multiple Strategies - [BYDFi](https://www.bitdegree.org/crypto/crypto-paper-trading-app#bydfi) - User-Friendly Trading for All - [NDAX.io - Canada’s Trusted Crypto Exchange](https://www.bitdegree.org/crypto/crypto-paper-trading-app#ndax) - [Shakepay](https://www.bitdegree.org/crypto/crypto-paper-trading-app#shakepay) - Canadian-Based Exchange for BTC and ETH So, let's take your crypto trading game to the next level in a safe and risk-free way\! ## [1\. Kraken - Best for Futures Trading](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#1 out of 8 Crypto Exchanges ![Kraken - Best for Futures Trading](https://assets.bitdegree.org/images/kraken-review-homepage-$1$.jpg) Things we liked: - \+ Secure and reliable - \+ Accepts fiat currencies - \+ Lots of trading options - \+ 24/7 customer support - \+ Opt-in staking Things we didn't like: - \- Relatively high fees Have you heard of [Kraken's](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) futures demo/test accounts? It's a great tool for anyone interested in trading cryptocurrency futures contracts without risking real money. Because it’s a trading simulation, you can think of it as a crypto paper trading app. Before we dive deep into Kraken, let’s recap what futures trading means: futures trading is when people make an agreement to buy or sell something at a certain price and date in the future. Now, with Kraken's futures demo/test accounts, you get access to a virtual trading environment where you can practice trading futures contracts on various cryptocurrencies. By the way, the platform is designed to be as realistic as possible, so you can get a sense of what it's like to trade in the real world. That means that you'll have access to real-time market data and also be able to test out different trading strategies and see how they work in different market conditions. ![Crypto paper trading app: Kraken.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-kraken.jpg) What’s more, one of the great things about Kraken's futures demo/test account is that it's completely free to use. Also, it doesn’t demand any special requirements in order to access it - all you need is a Kraken account, which you can create for free on the website. Note that this feature is linked to Kraken Pro, which is specially designed for advanced traders. In this sense, futures trading is not really ideal for beginners. However, that’s when testing it out with Kraken’s futures demo/test accounts comes in handy. Of course, Kraken's futures demo/test accounts are a great way to get familiar with Kraken’s platform, as well. So, even if you are an experienced trader, this can be a great opportunity not only to practice but also to understand how Kraken’s futures trading works. Overall, Kraken's futures demo/test accounts are a fantastic tool for anyone who wants to get into futures and paper trading. It's free, easy to use, and provides a realistic environment that can help you learn and practice your trading skills. ## [2\. Bitfinex - Practice Trading in Different Areas](https://www.bitdegree.org/crypto/goon/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#2 out of 8 Crypto Exchanges ![Bitfinex - Practice Trading in Different Areas](https://assets.bitdegree.org/images/bitfinex-review-homepage-$1$.jpg) Things we liked: - \+ More than 250 crypto assets to trade with - \+ Supports fiat deposits - \+ Advanced trading tools - \+ Small fees - \+ Highly-improved security features Things we didn't like: - \- Controversial past - \- Might not be suitable for beginner traders Have you heard of [Bitfinex](https://www.bitdegree.org/crypto/goon/bitfinex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app)? It’s a one of the oldest crypto exchanges that also provides users with a crypto paper trading app where you can develop and test your trading strategies in a simulated market environment. With Bitfinex paper trading, you can practice trading in different areas like spot, [margin](https://www.bitdegree.org/crypto/tutorials/what-is-margin-trading-crypto) and derivatives trading, as well as margin funding, Bitfinex Borrow, and the [OTC trading desk](https://www.bitdegree.org/crypto/best-crypto-otc-trading-platform). That way, you can access reserve test funding, borrow funds from other users, and experiment with large orders without having to go through the public [order books](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-order-book) - all in one platform. However, as I mentioned, paper trading does not involve tokens with real value, as they can only be traded in a mock environment (a simulation) - that is naturally also true when it comes to Bitfinex paper trading. Now, you might be wondering, “How can I start paper trading with Bitfinex?”. Well, it’s very simple. ![Crypto paper trading app: Bitfinex.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-bitfinex.jpg) In Bitfinex’s case, you will need to create a sub-account, and, to do that, first, you need to log in to your Bitfinex account and go to the sub-accounts section, where you will find the option to choose a paper trading sub-account. Then, you will have to provide an email address and create a username, as well as a password. By the way, it's important to use a new email and username when creating a sub-account. Moreover, once a sub-account has been created and enabled for paper trading, it cannot be converted to a regular account. Having to use a different account to paper trade cryptos might not be so practical, but the good news is that there are no requirements to create a sub-account on Bitfinex’s crypto paper trading app. Do note that the maximum limit for refilling the total balance per sub-account is \$1,000,000 (or its equivalent value in other currencies) and up to \$100,000 (or its equivalent value in other currencies) per paper currency. Furthermore, when it comes to paper trading and Bitfinex, we also have to talk about the option of paper trading using Bitfinex Honey. ![Crypto paper trading app: Bitfinex Honey.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-bitfinex-honey.jpg) Bitfinex Honey is an open-source and customizable toolkit for traders. It offers a range of features to enhance the functionalities of the Bitfinex platform. Thus, with Bitfinex Honey, traders can run multiple algorithmic trading strategies, design custom orders, and receive notifications, all through an intuitive interface. Seems cool, right? And it is. But, it actually gets better, as the Bitfinex Honey toolkit comprises both standalone versions and a web application, providing traders with flexibility in how they access and use the tool\! “How does it connect to paper trading?”, you might ask. Simply put, you can try out Bitfinex Honey with a paper trading account. This can make the experience less daunting for new traders and provide a valuable opportunity for more experienced traders to practice. That's it! Now you are aware of the opportunities provided by Bitfinex crypto paper trading app to develop and test your trading strategies without risking any real funds. ## [3\. BitMEX - Best for Crypto Derivatives](https://www.bitdegree.org/crypto/goon/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#3 out of 8 Crypto Exchanges ![BitMEX - Best for Crypto Derivatives](https://assets.bitdegree.org/images/bitmex-review-homepage-image.jpg) Things we liked: - \+ Strong security - \+ Various derivatives products - \+ Low fees - \+ Spot trading available Things we didn't like: - \- Not available in the US - \- Limited crypto asset variety [BitMEX](https://www.bitdegree.org/crypto/goon/bitmex?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a popular trading platform for crypto derivatives that allows traders to buy and sell contracts for cryptocurrencies with a leverage of up to 100 times. It’s a great platform for experienced crypto traders. However, it also offers a really nice opportunity for new traders with their crypto paper trading app. So, the way to paper trade cryptos with BitMEX is through the BitMEX Testnet. BitMEX Testnet lets you work with derivatives, in addition to buying and selling standard coins. You can also use the platform to learn how to trade on BitMEX and try out several strategies and techniques without risking your money. Therefore, BitMEX Testnet was specially designed for beginners to get into the world of crypto derivatives trading. But, of course, it is beneficial for advanced traders, as well. It’s worth noting the BitMEX and BitMEX Testnet are different platforms, meaning that the latter is independent from the former. Due to that, you need to create a completely new account on BitMEX Testnet, regardless if you already have one on BitMEX. ![Crypto paper trading app: BitMEX.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-bitmex.jpg) Though, no need to worry, as it’s very simple to sign in to BitMEX Testnet - essentially, you just need to provide an email address and a password. Now, once you create an account on BitMEX Testnet, you'll receive 100,000 Testnet [Tether](https://www.bitdegree.org/crypto/buy-tether-usdt). You can use these coins to try out various strategies and techniques without risking your money. If you run out of Testnet coins, you can replenish them from various faucets on the internet. Just a heads up, the Testnet creates a replica of the original account to provide users with a genuine experience. However, users get to trade with Testnet coins that hold no actual value. Also, it’s important to know one more thing: some users have pointed out that BitMEX Testnet’s prices are not always aligned with those on BitMEX. But that is completely normal, because the Testnet has its own order book and trading volume and real market movements may not always be reflected on it. Regardless of that, BitMEX is still a good paper trading crypto app, especially for those interested in crypto derivatives trading. ![Compare Crypto Exchanges Side by Side With Others](https://assets.bitdegree.org/crypto/assets/images/compare-crypto-exchanges.gif) Did you know? Compare Crypto Exchanges Side by Side With Others All Crypto Exchanges may look similar to you but they're NOT all the same\! [Yes! Show me the Comparison Chart](https://www.bitdegree.org/crypto-exchange-comparison/kraken-vs-bitmex) ## [4\. CryptoHopper - Ideal for Crypto Bots](https://www.bitdegree.org/crypto/goon/cryptohopper?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#4 out of 8 Crypto Exchanges ![CryptoHopper - Ideal for Crypto Bots](https://assets.bitdegree.org/crypto/storage/optimized/cryptohopper-review-homepage-image.jpg) Things we liked: - \+ Free trial - \+ Supports most major cryptocurrency exchanges - \+ Automated and manual trading capabilities - \+ Specialized features for beginners and experienced traders - \+ Various testing tools Things we didn't like: - \- Technical issues - \- Overcharge concerns So far, I’ve talked about some exchange platforms that provide paper trading services. However, this list also includes tools that enable users to simulate trading without any risks. CryptoHopper is one of them, as it’s a crypto trading bot and a crypto paper trading app. “What’s CryptoHopper used for?” you might ask. Well, it’s a crypto trading automation tool that allows users to create and customize trading bots that can buy and sell cryptocurrencies automatically. Put simply, it makes transactions easier and more efficient. Just keep in mind that CryptoHopper is not an exchange platform; it’s a tool used on [exchanges](https://www.bitdegree.org/crypto/best-cryptocurrency-exchange). Well, that’s one side of it. The other, which is the one we are interested in now, is the paper trading service. As a paper trading crypto app, CryptoHopper lets you open a demo account and train various bots, testing out automation strategies for crypto trading. ![Crypto paper trading app: CryptoHopper.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-cryptohopper.jpg) What’s more, you can link all of your crypto exchange accounts and manage them, all in one place. This way, you can keep track of cryptocurrency prices using a feature called "trailing," which will notify you when the trend changes. Besides, this tool also provides helpful features, such as the ability to copy other traders and a variety of bot templates to start with. Now, once you create a demo account, you can deposit up to 100,000 in any currency and use the simulator to practice. However, you'll have seven days to try out different features and trade various cryptocurrencies, including [Bitcoin](https://www.bitdegree.org/crypto/buy-bitcoin-btc), [Ethereum](https://www.bitdegree.org/crypto/buy-ethereum-eth), [Litecoin](https://www.bitdegree.org/crypto/buy-litecoin-ltc), and more. By the way, there is a drawback for beginners, as Cryptohopper’s paper trading simulator is not so easy to use. Thus, it may not be recommended for new traders who want to focus on standard trading instead of automation. Though, If you're up for the challenge, Cryptohopper is a good choice for anyone who wants to use bots in trading. ## [5\. TradingView - Allows Tracking Multiple Strategies](https://www.bitdegree.org/crypto/goon/tradingview?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#5 out of 8 Crypto Exchanges ![TradingView - Allows Tracking Multiple Strategies](https://assets.bitdegree.org/images/tradingview-review-homepage-image.png) Things we liked: - \+ Market data for 2 million+ financial instruments - \+ 20+ virtual chart types and customizable tools - \+ Trading functionalities within the chart - \+ Calendar for key financial events Things we didn't like: - \- Poor customer service - \- The free plan is quite limiting TradingView is a trading tool that can be used for various purposes. I’ll tell you more about its use cases in a second, but know that it’s also a crypto paper trading app. You can use it to create a virtual account, receive fake money, and start trading cryptocurrencies in real time without risking any of your own funds. Now, talking about what this platform does, it provides traders and investors with a range of tools to examine financial markets. It offers live information, adjustable charts, tools for [technical analysis](https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto), and a social network of traders where individuals can exchange their thoughts and tactics. What’s more, it has the ability to track multiple trading strategies at once - this can be especially helpful for those who want to compare different approaches and find the one that works best for them. Additionally, it enables users to take snapshots of their trade setups and view their virtual purchases and account balances, allowing them to make informed decisions and track their progress. ![Crypto paper trading app: TradingView.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-tradingview.jpg) Again, the reason why TradingView is included in this list is exactly because, like the other options listed, it allows you to simulate live trading. So, when you create an account and log in to use the paper trading feature, you will receive \$100,000, which you can reset at any time. Moreover, TradingView has an easy-to-use interface that makes it accessible to beginners, while its advanced charting tools make it attractive to more experienced traders. However, there’s one major drawback to TradingView's paper trading platform, which is the lack of customer support. Many users have reported that customer support is almost nonexistent, which can be frustrating if you need help or have any issues with the app. Overall, though, TradingView is a sufficient choice for those who want to practice crypto trading, as well as track multiple trading strategies. It’s good for both beginners and experienced traders alike. ## [6\. BYDFi - User-Friendly Trading for All](https://www.bitdegree.org/crypto/goon/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#6 out of 8 Crypto Exchanges ![BYDFi - User-Friendly Trading for All](https://assets.bitdegree.org/images/bydfi-review-homepage-website.jpg) Things we liked: - \+ Huge trading variety - \+ Regulation-compliant around the globe - \+ Fair trading fees - \+ Beginner-friendly tools - \+ Copy trading functionality Things we didn't like: - \- No NFT services - \- No staking capability [BYDFi](https://www.bitdegree.org/crypto/goon/bydfi?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a cryptocurrency exchange platform that aims to provide a user-friendly experience for both novice and experienced traders. While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include: - Spot Trading: Buy and sell cryptocurrencies at current market prices. - Derivatives Trading: Trade cryptocurrency futures and options contracts. - Copy Trading: Automatically replicate the trades of experienced traders. - Mobile App: Trade on iOS and Android devices. - Educational Resources: Guides and tutorials for learning about crypto trading. - Trading Bots: Use automated tools to trade cryptocurrencies like a pro. The platform supports more than 400 cryptocurrencies, including [Bitcoin (BTC)](https://www.bitdegree.org/crypto/buy-bitcoin-btc), [Ethereum (ETH)](https://www.bitdegree.org/crypto/buy-ethereum-eth), and [Litecoin (LTC)](https://www.bitdegree.org/crypto/buy-litecoin-ltc). BYDFi also aims to provide competitive trading fees by offering a flat maker/taker rate of 0\.1% on its spot trading platform. BYDFi is available in the US, Canada, and 150 other countries. When it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses Amazon Web Services, multi-factor authentication and hardware verification, as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts. ## [7\. NDAX.io - Canada’s Trusted Crypto Exchange](https://www.bitdegree.org/crypto/goon/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#7 out of 8 Crypto Exchanges ![NDAX.io - Canada’s Trusted Crypto Exchange](https://assets.bitdegree.org/images/ndax-review-homepage-image.png) Things we liked: - \+ All-in-one trading platform for individuals - \+ Earn passive income through Ndax staking - \+ High-level of security and compliance Things we didn't like: - \- Canadian-focused trading platform [NDAX](https://www.bitdegree.org/crypto/goon/ndax?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) (National Digital Asset Exchange) is a Canadian cryptocurrency platform that offers a curated selection of approximately 40 digital assets, including [Bitcoin (BTC)](https://www.bitdegree.org/crypto/buy-bitcoin-btc), [Ethereum (ETH)](https://www.bitdegree.org/crypto/buy-ethereum-eth), and [Cardano (ADA)](https://www.bitdegree.org/crypto/buy-cardano-ada). The platform caters to both individual and institutional investors with features such as simple trading, staking with up to 13% APY on select cryptocurrencies, auto-invest options, and advanced trading tools. The majority of NDAX’s client assets are held offline in [cold storage](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-cold-storage), utilizing multi-signature technology provided by [Ledger Vault](https://www.bitdegree.org/crypto/goon/ledger?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) to ensure optimal protection. Additionally, NDAX offers insurance coverage of \$5 million for cold wallets, safeguarding against risks like fraud, internal theft, and hardware security module (HSM) malfunctions. [Hot wallets](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-hot-wallet) are insured for up to \$3 million per incident, and the company maintains CAD 5 million in general business liability insurance. NDAX also has strong regulatory compliance and security certification. These include registrations with: - Canadian Investment Regulatory Organization (CIRO); - Financial Transactions and Reports Analysis Centre of Canada (FINTRAC); - Revenue Québec. In addition, it is the first Canadian crypto platform to achieve SOC 2 Type II certification, reflecting its dedication to maintaining high security and operational standards. Additionally, with a competitive trading fee of 0.2%, NDAX provides a secure and user-friendly environment for cryptocurrency trading and investment. ## [8\. Shakepay - Canadian-Based Exchange for BTC and ETH](https://www.bitdegree.org/crypto/goon/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) Ranks \#8 out of 8 Crypto Exchanges ![Shakepay - Canadian-Based Exchange for BTC and ETH](https://assets.bitdegree.org/images/shakepay-review-homepage-image-.jpg) Things we liked: - \+ Zero fees - \+ Easy-to-use interface - \+ Insurance protection on cold ctorage - \+ Shakepay Visa card for spending CAD balances Things we didn't like: - \- Canada-exclusive availability - \- Small selection of tokens - \- No phone-based customer support [Shakepay](https://www.bitdegree.org/crypto/goon/shakepay?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) is a Canadian cryptocurrency platform focused on facilitating the buying and selling of [Bitcoin](https://www.bitdegree.org/crypto/buy-bitcoin-btc) and [Ethereum](https://www.bitdegree.org/crypto/buy-ethereum-eth). It is known for its intuitive interface and commission-free transactions, making it easy for users to buy and sell these two popular cryptocurrencies. While its crypto offering is extremely streamlined compared to other platforms, Shakepay offers other features like crypto Visa cards and crypto integration for businesses. These show how the platform aims to make crypto accessible to the general masses without intimidating them with the steep learning curve of trading. ![Shakepay review summary: Shakepay's benefits.](https://assets.bitdegree.org/images/shakepay-review-summary-benefits.jpg) Despite its rather simple offerings, Shakepay doesn’t skimp on security. The platform stores a majority of digital currencies in cold storage wallets. It partners with an NYDFS (New York State Department of Financial Services)-regulated provider who holds SOC 1 Type II and SOC 2 Type II certifications. Shakepay also holds an insurance policy on the digital currencies held in [cold storage](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-cold-storage). This policy covers most damages, theft, and loss of private keys. In terms of account security, the platform implements essential measures, like two-factor authentication, device lock, and 256-bit AES encryption for data protection. These make Shakepay a solid choice for those looking for a simple and secure way to get started with Bitcoin and Ethereum. If you're looking for the best crypto paper trading app, you probably already know what crypto paper trading is. However, just to be sure, let’s talk about it a bit. Essentially, crypto paper trading is a tool that allows to simulate live transactions, without the need to actually put real money into it. In other words, a paper trade is a way for investors to practice trading with no risk of losing funds. By the way, when I mention “live transactions” or “live markets”, I mean the actual, real-time trading that takes place on financial markets - like [Binance](https://www.bitdegree.org/crypto/goon/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Coinbase](https://www.bitdegree.org/crypto/goon/coinbase?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Bybit](https://www.bitdegree.org/crypto/goon/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and so on - for assets like stocks, cryptocurrencies, and [commodities](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-digital-commodity). Since there is no risk of losing your money, the contrary is also true: you don’t earn anything in return, even if you make a really successful trade. Given that, you might be wondering – What’s the point, then? ![Crypto paper trading app: Checklist.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-checklist.jpg) Well, the point is to experiment and learn! Paper trading is meant for beginners to familiarize themselves with trading and for seasoned traders to explore new strategies while honing their skills in buying and selling securities. Not only that, by paper trading crypto assets, investors and traders can test out different trading platforms and even different order types, such as [limit orders](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-limit-order-limit-buy-limit-sell), [stop-loss](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-stop-loss-order), and [market orders](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-market-order-market-buy-market-sell). By the way, paper transactions work by using a virtual trading account with fake funds. However, even though it’s a fabricated scenario, crypto paper trading apps track the crypto market and mimic real-time changes, making the whole experience quite genuine. Pretty interesting, right? Note that, since it’s a simulation, crypto paper trading apps will not always be able to completely reproduce the reality of live markets, as there are many variables that are not necessarily predictable. Furthermore, they are better suited for [day trading](https://www.bitdegree.org/crypto/best-crypto-exchange-for-day-trading), rather than for long-term strategies. ![Crypto paper trading app: Bitcoin.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-bitcoin.jpg) Though, there is a way to overcome the limitation of paper trading, investors need to use genuine trading techniques and goals in order to get the most out of paper trading. This entails taking into consideration the same risk-return goals, investment restrictions, and trading time frame that would be used with a live account. In other words, don't think of it as a simulation; take it seriously. That said, taking it seriously also means planning how you'll fund and cash out later, and [Ogvio](https://www.bitdegree.org/crypto/goon/ogvio?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) can be great for that. The platform shows bank transfer fees upfront with fair exchange rates before you confirm. In addition, for crypto moves, Ogvio is almost instant and doesn't charge any fees. That way, the crypto paper trading experience can be as accurate and positive as possible. Now, some of the platforms I included in this list refer to their paper trading feature as a “testnet”. What are those? Simply put, in this context, a testnet is a type of paper trading, in the sense that it’s used to test trading strategies. Though, note that [testnets](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-testnet) are usually viewed as a playground for blockchain developers to test their ideas and make sure everything is working smoothly - by finding and fixing bugs, for example - before they launch their projects on the [mainnet](https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-mainnet) (the main network). The paper trading crypto apps I've covered in this article, though, help you simulate live trading - whether they are called testnet, paper trading, or even mock trading, they all refer to the same thing in this context. ## Conclusions Well, that's it for our exploration of crypto paper trading apps. I've covered what they are, how they work, and why they're worth considering for anyone looking to get into crypto trading. I've also looked at some of the best crypto paper trading platforms available, including [Binance](https://www.bitdegree.org/crypto/goon/binance?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), [Bybit](https://www.bitdegree.org/crypto/goon/bybit?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app), and [Kraken](https://www.bitdegree.org/crypto/goon/kraken?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app). Thus, by now, you should have a good understanding of what paper trading cryptos can offer and how it can help you refine your trading skills without risking any real money. Therefore, whether you're a complete beginner or a seasoned trader looking to test out new strategies, paper trading can be an invaluable tool for learning and experimentation. So, if you're thinking about getting into the crypto world, consider giving paper trading crypto a try. Who knows, you might just discover your inner trading wizard and start making some serious profits in the live markets. Talking about profits, if you're looking to make some extra money on the side, check out [Ogvio's](https://www.bitdegree.org/crypto/goon/ogvio-earn?bd_ref=https%3A%2F%2Fwww.bitdegree.org%2Fcrypto%2Fcrypto-paper-trading-app) referral program, where you can earn \$10 for every 3 friends you invite. Also, there are no limits on how many people you can invite\! * ### Other Crypto Exchanges in This Category Here are other crypto exchanges related to the category but not as favored by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchanges in the list with the higher rating that I'd [recommend for the same price range or less.](https://www.bitdegree.org/crypto/crypto-paper-trading-app#top-rating-table) ### eToro - Great for Beginners ![eToro - Great for Beginners](https://assets.bitdegree.org/crypto/storage/media/etoro-homepage-image.o.jpg) Things we liked: - \+ Copy trading service available - \+ A variety of cryptocurrencies to choose from - \+ Beginner-friendly Things we didn't like: - \- Relatively high fees - \- Slow customer support Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. You might have heard of eToro as a trading platform, but did you know that it is also considered a crypto paper trading app? That's because it provides demo accounts so you can practice live trading. The demo account gives access to all eToro's features. So, you can install metrics, draw lines, and trends, and enter buy and sell orders - all without risking real money, of course. Not only that, the virtual account provides advanced trading tools, including leverage, stop-loss, and take-profit, to experiment with various risk levels. Furthermore, when it comes to usability, eToro doesn’t stay behind. The interface is clean and easy to use. It is also simple to start paper trading cryptos in eToro, as you only need to open a demo account on the platform. By the way, it’s free to sign up and, after you create your account, you receive \$100,000 in virtual funds so you can practice paper trading right away. This amount is sufficient to help you learn the ropes of trading, but not too much to prevent you from working within reasonable limits. ![Crypto paper trading app: eToro.](https://assets.bitdegree.org/crypto/storage/optimized/crypto-paper-trading-app-etoro.jpg) Given everything I said so far, it seems clear that eToro’s paper trading crypto app was specially created for beginners, due to its simple interface and beginner-friendly protocols. However, if you are an advanced trader, it's still a sufficient platform for you as it’s primarily designed to hone trading skills overall. At last, note that eToro has the social news stream, which enables you to discuss concepts and chart analysis with other users*, creating a worldwide trader network. So, to summarize, using eToro's virtual accounts can help you gain confidence in trading before investing real money. It is dubbed as one of the best crypto paper trading apps by some as it provides a safe environment to learn and practice trading. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.* ## Scientific References 1\. A. Jalan, R. Matkovskyy, A. Urquhart: 'What Effect Did the Introduction of Bitcoin Futures Have On the Bitcoin Spot Market?'; 2\. J.R. Jensen, V. von Wachter, O. Ross: 'Leveraged Trading on Blockchain Technology'.
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