Top 9 Best Crypto Demo Accounts March 2023 - Invezz

Demo trading accounts let you practice your skills without risking any of your own money. Our experts have reviewed the best crypto demo accounts to help you choose the right one.

Updated: Mar 2, 2023

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Get started in minutes with our preferred broker, eToro.

10/10

79% of retail CFD accounts lose money

Many of the best crypto exchanges offer demo accounts so you can sharpen your trading skills while using virtual funds. Our cryptocurrency experts have tested, reviewed, and ranked the best demo trading accounts and you can find the top options on this page.  

The 9 best cryptocurrency demo accounts 2023

1. eToro: Best for beginners, copy-trading & demo-account
2. Bitstamp: Best for professionals & trading with APIs
3. Binance: Best crypto platform for trading altcoins
4. Skilling: Best app for mobile trading
5. Bitpanda: Best for fractional & small scale investing
6. Coinbase: Best secure trading platform for all types of trader
7. KuCoin: Best social trading altcoin exchange
8. Pacific Union: Best for social trading & customer support
9. Pepperstone: Best low spread & no commission broker

What are the best crypto practice trading accounts?

You can find out top rated crypto paper trading accounts below. These trading platforms all offer demo accounts and you can register in just a few minutes. Click on any of the links to get started or keep scrolling to learn more about each exchange. 

Most Popular

Min. Deposit

40 €

Promotion

User Score

10

Access the world's most popular Crypto assets including Bitcoin, ETH, LTC, XRP

Automatically copy top-performing Crypto traders

Deposit using PayPal + 9 other deposit options available (not available to US users)

Payment Methods:

American Express, Bank Transfer, Bank Wire, Credit Card, Debit Card, Ideal, Klarna, Mastercard, POLi, PayPal, Payoneer, Przelewy24, Rapid Transfer, Sofort, Trustly, Visa, eToro Mobile Trading Platform, eToro Trading Platform, neteller, skrill

Full Regulations:

ASIC, CySEC, FCA

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

Min. Deposit

0 €

Promotion

User Score

9.5

No Hidden Fees

Instant Trading

Secure & Transparent

Payment Methods:

Apple Pay, Google Pay, PayPal

Full Regulations:

Min. Deposit

1 €

Promotion

User Score

10

The world's largest cryptocurrency exchange with over 2bn daily users

Innovative trading platform offering enormous range of crypto coins

Supports over 60 methods of payment including PayPal, Apple Pay & Google Pay.

Payment Methods:

Credit Card, Debit Card, PayPal, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money

Full Regulations:

Top 9 crypto demo trading accounts reviewed

1. eToro. Best for beginners, copy-trading & demo-account

50

No. assets

$40

Minimum deposit

Crypto

Platform type

Pros & Cons

Popular 'Copytrader' function so users can follow top traders Mobile platform has great functionality Minimum first time deposit of $200 Expedient customer service, with live chat support provided Over 2,000 CFDs available to trade

Does not provide the MetaTrader platform High spreads on some assets Comparatively high fees for withdrawals and account inactivity

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you've never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what's trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people's trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that's displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Visit eToro Read Review

Disclaimer

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

2. Bitstamp. Best for professionals & trading with APIs

1

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform

Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether

Overview

We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It's designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

3. Binance. Best crypto platform for trading altcoins

350

No. assets

$1

Minimum deposit

Crypto

Platform type

Pros & Cons

Supports the trading and storage of over 130 coins Offers multiple trading pairs (BTC, ETH, BNB, and USDT) High maximum daily withdrawal limit Available globally Low trading fees, particularly when using BNB (Binance Coin)

Occasionally slow customer support Centralised, rather than decentralised

Overview

We love Binance because it's the largest crypto platform in the world. More than 30 million people use Binance to trade 350+ cryptocurrencies. Binance also offers a range of other services, such as staking, crypto loans, and derivatives markets such as futures and options.

The Binance app is designed to appeal to everyone, regardless of your experience. The 'Lite' version slims everything down to the basics, while the regular app is one of the most advanced crypto trading platforms out there. 

The fees: There are no fees for trading Bitcoin. All other cryptocurrency spot trades come with a 0.1% fee. If you own Binance coin (BNB), you receive a 25% discount on all trading fees. Binance does not charge deposit fees but withdrawal fees are variable depending on the crypto.

4. OKX. Best for futures and margin trading

50

No. assets

$40

Minimum deposit

Crypto

Platform type

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods

Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it's an adaptable and flexible exchange, with an app that's available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world's top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Visit OKX Read Review

Disclaimer

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

5. Skilling. Best app for mobile trading

70

No. assets

$100

Minimum deposit

Crypto

Platform type

Pros & Cons

Commission-free trades with competitive spreads from 0.7 pips Can trade over 800 securities across 17 global markets Regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Service Authority (FSA)

No 24/7 support Limited educational resources

Overview

We love Skilling because it's a beginner-friendly platform that makes commodity trading accessible to everyone. You can trade 55 cryptocurrencies on Skilling and the system is very portable, so you can access it from the app or on your desktop. 

One of Skilling's best features is its compatibility with TradingView, so you can chart trading ideas and then send them directly to your trading account. It also boasts plenty of other user-friendly software to make it easy to trade from your phone or your browser, including its proprietary Skilling Trader and the cTrader platform for professionals.

The fees: Skilling charges a maker and taker fee on all cryptocurrency trades of 0.1% for each. 

Visit Skilling Read Review

Disclaimer

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

6. Bitpanda: Best for fractional & small scale investing

...

No. assets

$1

Minimum deposit

Crypto

Platform type

Pros & Cons

Low fees for Bitcoin buyers using credit or debit card in Europe Fully automated transactions happening in real time Intuitive and easy to use and navigate Multiple payment options available

Fees are not explicitly laid out Restricted European countries at present Limited customer support features

Overview

We love BitPanda because it's an all-in-one investment platform. BitPanda offers 1,000+ assets, including 200+ cryptocurrencies and a range of crypto indices, making it simple to invest in the crypto market without having to make tough decisions about each coin.

BitPanda is one of the most accessible crypto platforms around. The minimum trade size is just $1 and you can automate your investments so that you can add more Bitcoin regularly. The BitPanda card offers cashback up to 2% paid in Bitcoin.

The fees: All fees are included in the spread, so you won't be charged a commission on your trades. A premium of 1.49% is included as part of the buy and sell price of each asset.

7. Coinbase. Best secure trading platform for all types of trader

4

No. assets

$2

Minimum deposit

Crypto

Platform type

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods

Quite high fees for credit and debit card instant buys Poor customer support

Overview

We love Coinbase because it's the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you're sharing the platform with over 100 million other users. There is insurance on all cash balances up to $250,000 and the majority of assets are stored offline in cold storage.

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Visit Coinbase Read Review

Disclaimer

Cryptocurrency is not regulated by the UK ...