6 Best Crypto Demo Trading Accounts in 2025

Crypto demo trading (also referred to as crypto paper trading) allows traders to test out their trading strategies in a virtual environment. This allows traders to iron out potential quirks or oversights without risking real money. Obviously, demo account trading is also perfect for newcomers who might just want to familiarize themselves with buying Bitcoin, Ethereum, or some other crypto assets but are anxious to dive into them directly with real money.

In this article, we will examine the best crypto from trading account offerings from some of the most popular exchanges in the market right now.

What is a crypto demo trading account?

A crypto demo trading account is an exchange account where users can use virtual currency to test out their strategies risk-free. They usually feature all the bells and whistles of real-money accounts but come with the benefit of users not risking real money when making trades. In principle, they function the same as forex demo trading accounts, with the key difference being that users trade cryptocurrency instead of forex pairs.

This can come in especially handy when you are interested in testing the viability of new strategies but are unsure whether they are sound. Typically, demo accounts are particularly useful when trying out more volatile strategies, like leverage trading derivatives such as futures and options.

It’s worth noting that demo accounts use the same pricing data as real money accounts. For example, if Bitcoin is trading at $60,000 in real markets, then its price when trading with a demo account (also known as crypto paper trading) will also be $60,000. The only difference is that with a demo account, the trades are made with virtual funds, whereas real money is used when using a real exchange account.

The 5 best crypto demo trading accounts: Test out your strategies risk-free with these exchanges

In the following sections, we are going to examine crypto exchanges that provide users with the best demo trading accounts.

1. Binance – The best crypto demo trading account overall

Binance is widely considered one of the world’s best crypto exchanges, boasting the largest trading volume and user base in the industry. If you want to trade with demo funds, Binance offers a futures-focused sandbox environment where users can test out strategies with a virtual balance of 3,000 USDT.

Once you’re ready to switch from demo to real money trading, Binance offers one of the most comprehensive exchange offerings in the market. It lists over 380 cryptocurrencies across more than 1,200 trading pairs. In addition to spot and derivative markets, Binance also offers a comprehensive crypto savings platform called Earn, where users can stake various crypto assets and earn passive income rewards.

How to access the demo trading account on Binance:

1. Click on the profile icon.
2. Select “Mock Trading.”
3. Confirm the creation of a Binance Futures testnet account.

Visit Binance

2. Kraken – One of the best demo account offerings and #1 option for US traders

Kraken is a US-based exchange that’s well known for its focus on security, making it one of the safest crypto exchanges overall. The exchange provides users with the ability to trade Futures with virtual funds. The demo account features all trading instruments of its real money counterpart.

If you’re from the US, Kraken is likely the best option for you. It abides by US regulations and regularly publishes audits of its reserves, which makes it one of the most transparent crypto brokers in the world. It regularly surpasses $1 billion in daily trading volume across 650 trading pairs based on 220 supported cryptocurrencies. Thanks to its streamlined design, Kraken is considered one of the top crypto trading platforms for beginners.

How to access the demo trading account on Kraken:

1. Navigate to https://demo-futures.kraken.com/dashboard.
2. Complete the signup process.
3. Transfer funds from the holding wallet to the futures trading wallet.

Visit Kraken

3. Bybit – Solid choice for beginners thanks to demo spot markets

Bybit is another exchange that not only allows users to trade futures with their demo account but allows them to experiment with spot trades as well. In other words, you can try placing regular buy and sell orders for Bitcoin and other supported cryptos. This is especially beneficial for beginners who might want to familiarize themselves with regular spot trading maneuvers and don’t really care about futures trades.

The Bybit exchange is widely regarded as one of the leading crypto trading platforms in the world. Following its launch in 2018, Bybit was primarily focused on futures trading but has since grown to become a crypto trading hub known for its spot markets, Launchpad program, crypto savings products, NFT marketplace, and more.

How to access the demo trading account on Bybit:

1. Select “Demo Trading” from the “Derivatives” dropdown menu.
2. Agree with terms and conditions.
3. Click on “Start Trading” to initialize your demo account.

Visit Bybit

4. KuCoin – Best demo account for altcoin trading

KuCoin is a cryptocurrency exchange platform launched in 2017. The exchange is best known for listing many different cryptocurrencies, including low market cap coins that are difficult to find on other major exchanges. Its simple and intuitive interface makes it perfect for beginners just getting into cryptocurrency, but it offers many pro features as well. The demo account it offers is one of the biggest, as users receive 3.6 BTC in test funds.

In addition to spot trading, the platform offers futures trading, lending, margin trading, NFTs, and other products. Its native KCS token offers several benefits to holders, such as lower fees and the ability to participate in exclusive events.

How to access the demo trading account on KuCoin:

1. Login to your KuCoin account 
2. Click "Enable Futures Trading"
3. Navigate to Assets –> Future Assets

Visit KuCoin

5. MEXC – Global trading platform with a focus on crypto futures

MEXC is one of the fastest-growing crypto exchanges in the world. It also offers one of the leading demo account offerings, allowing users to trade futures within the safe confines of a sandbox environment. Each demo account comes with 50,000 USDT in virtual currency, which can be replenished daily if the balance drops below the starting amount.

The MEXC platform is perhaps best known for its extensive catalog of supported cryptocurrencies. As of writing, MEXC supports more than 1,700 different coins and tokens, making it a premier choice for those who might want to demo trade lesser-known, smaller market cap coins.

How to access the demo trading account on MEXC:

1. Navigate to MEXC Futures.
2. Click on “Demo Trading” in the upper right corner.
3. Click “Recieve Demo Coins” to receive your 50,000 USDT in virtual funds.

Visit MEXC

6. OKX – Crypto exchange with a great UX/UI

OKX is another all-in-one crypto platform boasting spot and derivatives markets, as well as a platform for Launchpad projects, crypto savings products, an NFT marketplace, and more. Similar to Bybit, OKX was initially known as a derivatives-focused platform but has since grown to become a proper crypto trading hub similar to Binance and Bybit.

If you value a great user experience paired with a very well-designed user interface, then OKX is very likely the best choice for you. Navigating around different menus, placing orders, and using price charts is a breeze and downright a joy to use. Moreover, OXX is available via an app for iOS and Android devices, which is also very well-designed and optimized for mobile devices' limited-screen real estate. In fact, OKX is probably the best crypto demo trading app for mobile devices.

How to access the demo trading account on OKX:

1. Log into your account.
2. Open User Center
3. Click on “Demo trading.”

Visit OKX

The bottom line

If you are new to crypto, demo accounts can be a perfect way to get started without risking real money by making rookie mistakes. In addition, demo accounts can be used by experienced traders who are eager to test out new strategies but don’t want to risk losing real money before testing them in a simulated trading environment.

Demo account trading can be especially handy with high-frequency trading strategies like day trading. If you want to learn more about the topic, check out our list of the best cryptos for day trading and the selection of the best crypto exchanges for day trading.