Educate yourself first before you dive headfirst in crypto trading using these trading simulators to save yourself time and money.
Whether it’s playing a new instrument or programming code, continuous practice is an essential part of becoming skilled at anything. When it comes to high-stakes skills like crypto trading, exercising your hand with the help of trading simulators is the ideal first step.
Crypto trading simulators are great tools for both novice and experienced crypto traders to improve your skills and strategies. The good part? You can learn without the risk of flushing your capital down the drain.
Check out these amazing cryptocurrency market simulators to test your hand at trading virtual coins before shelling out your cash on the real deal. Let’s get started!
This simulator is a good starting point if you’re entirely new to cryptocurrencies. The platform is more than just a simulator since it provides a full introduction to Bitcoin and the trading facets around it. The site features an interactive clicker game that will take you on a text adventure. It’s an educational game more than an entertaining simulator. The website updates with pertinent information about Bitcoin and the currency’s price.
Niffler.co is a crypto community where trading experts and newbies can connect to share crypto trading knowledge and insights for free. With Niffler.co, you begin with virtual cash in USD currency to spend on various cryptocurrencies. Using the play currency, new traders can perform multiple trade demos to learn how the market works and gain more experience.
The platform is highly intuitive and easy to understand and learn on. Users can also earn crypto rewards when they grow their portfolio and get high ratings based on their performance. Once you get good at crypto trading using the platform, expert traders can earn real money by teaching others.
Altcoin Fantasy (ACF) allows users to trade against other traders in a healthy competition for a variety of real-life prizes. For instance, they had a contest where they gave away $100 worth of Bitcoin as a prize. Competing against other traders can also earn you in-game currency (ACF points), which you can trade for real-life prizes.
One excellent feature ACF has is its Private Contest mode where traders can set up a 14-day contest for their crypto buddies. This is a healthy way to see your progress, evaluate your skills, and find out who has the best crypto-trading chops in the group.
4. Bitcoin Hero
If you think you’re knowledgeable enough about the fundamentals of cryptocurrency and want to dive right into trading, Bitcoin Hero is your best bet. With Bitcoin Hero, you get to start with $10,000 in play currency in your wallet.
You can buy and sell four cryptocurrencies in Bitcoin Hero: Bitcoin, Ethereum, Litecoin, and Dash. The prices match the real-life price of the coins, so traders get a more realistic experience. They also have a responsive website, so you can test your skills without downloading its mobile app version.
If you’re looking for a fully-equipped simulator, you might want to consider CoinMarketGame. The website has four segments: portfolio, market, leaderboard, and profile. Newcomers start with a total of $20,000 in their fund, encouraging them to play their cards in well-known and lesser-known altcoins.
CoinMarketGame can help you hone your trading skills. They even feature a leaderboard where you can see what assets your competitors are trading to inspire you with some friendly competition.
6. Spark Profit
Spark Profit is a crypto prediction game available for Android, iOS, and desktop browser. The platform aims to help traders foresee how the market moves. In essence, it exercises your use of market analysis and historical data to see Bitcoin’s position in the future.
Your goal when you use Spark Profit is to win points. You must estimate and set a price you predict the market will hit to win points. Spark Profit is the simulator investors need for a reality check — that you’ll be spending real dollars in cryptocurrency trading.
If you’re game to push your training into another level, Bitmex can serve you the challenge you seek. It’s one of the most prominent crypto exchanges in the industry and is available in five languages. It might be hard to get into at first because of the relatively complex design, but a few sessions are enough to help you get the hang of it.
With Bitmex, you have different ways to get profit. You’ll have to take a long or short position on where to put one of your listed coins in a certain timeframe. Then, you apply leverage. This can raise your potential gains (or losses) by up to 100%.
So You Think You Can Trade?
Practice and education are vital to helping you succeed in the crypto market. If you’re new to the crypto trading-sphere, these trading simulators can help you prepare for the real world. Save money, time, and aim for higher returns by practice trading beforehand.
Speaking of honing your skills, you must also set aside time for continuous learning about cryptocurrency. Feel free check out our blog for more educational crypto content or join our Telegram chat. Do also like and follow us on Facebook and Twitter to connect with our community.
Originally published at noahcoin.org on September 5, 2019.