6 Best Crypto Paper Trading Apps & Simulators (2024)

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Looking for a Crypto paper trading simulator?

Crypto Paper Trading ToolsQuick Links
1. Phemex – Best Virtual Trading ExperienceCreate Your Mock Trading Account
2. TradingView SimulatorCreate Your Account
3. 3CommasTry free for 3 days
4. BitsgapCreate your Demo Account
5. Cryptohopper Paper TradingCreate Your Account
6. eToro Virtual Portfolio AccountCreate Your Account

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Well, you have found the right place to discover the best crypto paper trading apps. In fact, let me welcome you to the world of crypto trading, and congratulations as you are looking in the right direction.

Trading is nothing but another skill that you can master through practice. Rather than risking your real money, you can take advantage of a paper trading account, where you have fake money (Virtual money) to practice trading.

By practicing first using a paper trading account, you will be able to mitigate the risks of losing real money, and also build your strategies for trading.

With a paper trading account, you can trade without owning any cryptocurrencies or even without having an exchange account.

Unlike the traditional market, paper trading simulator apps in Cryptos are more powerful and will give you a feel of real trading. My mentor usually recommends me to have at least 100 trades, before putting in real money.

Here are some of the best Crypto paper trading tools you can use today. Most of them are free, so enjoy, and share this with your friends who wish to start and practice crypto trading.

Best Crypto Paper Trading Software’s (Virtual Demo Trading accounts)

1. Phemex – Best Crypto Mock Trading Experience

Phemex is a Singapore registered crypto exchange, and that offers a mock trading account with virtual USDT, which is equivalent to a paper trading account.

If you are looking for a real-world simulation experience of trading crypto without real money, this, in my opinion, is the best option. Phemex is a well-known exchange, and with their mock trading account, you can experience the thrill and fun of crypto trading without putting real money at risk.

Top Features of Phemex Mock Trading account –

  • Free Paper Trading Account – Free to use account and no-KYC needed
  • Trading Practice – Practice trading in a simulated environment with virtual funds, to test strategies without putting your funds at risk
  • High Amount Virtual Funds – Phemex Mock trading offers high fake USDT balance, which let you not worry about replinishing your funds.
  • Real-time market data – The simulated environment provided by Phemex paper trading account uses the real data from live market. This way, you can always test different strategies based on real market data, and hone your strategies and trading skills.

How To Create Phemex Paper Trading Account:

  • To use the Phemex Paper trading account, head over to Phemex website
  • On the top navigation bar, click on Learn > Mock Trading (See the above screenshot)
  • Here you will be able to claim your virtual funds and start practicing virtual trading.
  • If you are not logged in, you may be asked to create your free account, which should not take more than 2 minutes.

Note: You can also access Paper trading on the Phemex mobile app.

Here are the steps to practice on mobile app with virtual money.

  • Download Phemex mobile app (iOS download and Android download link)
  • Click on create an Account (Use JQP885 as invitation code)

Click on Contract at the bottom menu, and then click on 3 dots (…) at the top right. (See screenshot below)

Here, you will be able to select Mock Trading account, and now you can start practice trading.

Make sure to get yourself familiar with leverage, isolated and cross margin to level up your learning and understanding.

If you have never heard of Phemex before, read my review of Phemex and also learn about their $4050 welcome bonus program.

2. TradingView Simulator

TradingView is perhaps the #1 charting tool available, and it has recently launched a crypto paper trading feature. Their paper trading tool can be accessed directly from the charting panel, and currently, it works only for Crypto: fiat pair. (Ex: BTC: USD)

If you looking to paper trade using Crypto: Crypto pair (Ex: BTC:USDT, BTC:ETH), you will have to look at other alternatives listed below.

Here is a quick video that shows you how to enable the paper trading feature of Tradingview:

TradingView offers both free and paid accounts, and trading simulation feature is available in the free accounts as well.

3. 3Commas – Crypto Paper Trading Simulator

3Commas is a crypto trading terminal and a crypto trading bot that lets you connect with multiple crypto exchanges and trade from a single terminal. 3Commas also offers a mobile app that lets you monitor and create/edit your trades. Check out the 3Commas review to learn everything about this popular tool.

One of the underlooked features of 3Commas is the Crypto paper trading account. The 3Commas paper trading account comes with one of its paid plans, which starts from $22/month. Once you have the 3Commas Paper trading account access, you can do everything such as –

  • Execute 3Commas smart trade
  • Create an automated trading bot
  • Use DCA bot or Grid trading bots
  • Delete or reset 3Commas paper trading account balance

Of all the paid options, I like 3Commas to be the best, and something I often use to test my new manual or automated trading strategies.

However, it would be nice if 3Commas offered their trading simulator account for a longer period to help newbies practice crypto trading. In my opinion, 3 days are too less, but this is what they currently offer.

4. Bitsgap – Crypto Trading Demo Account

Bitsgap is a popular trading terminal and automated trading tool, that let you trade on multiple exchanges from the comfort of a single app. Bitsgap offers a completely free demo account with a balance of 1 BTC and 1000 USDT (Paper money).

Using this demo account, you can trade on any supported exchanges via Bitsgap interface. Bitsgap offers many smart trading tools such as trailing take profits, conditional stop limit, and many more.

You can also run an automated grid bot using this demo account to test automated trading. Overall, if you are looking for a single suggestion for a crypto paper trading app, Bitsgap should be your first choice. You can read a detailed review of Bitsgap here.

5. Cryptohopper – Practice Crypto Trading With Fake Money

This one is a little advanced, but if you are feeling too energetic today, you could try this. Cryptohopper is a crypto-trading bot, and it let you create a paper trading account, to test their bots. This is not as simple as Tradingview or other simulators listed below, but if you feel like learning to use a trading bot, well this is your chance.

With the free plan, you could access the majority of their trading bots, and paper trading accounts.

Paper trading on Cryptohopper is exactly the same as regular trading except that it connects to public data, not your own exchange account. You can deposit up to 100k of any cryptocurrency that you want and experiment with this free simulator.

The best part about paper trading on Cryptohopper is, that the data is real-time as if your experience will be no different than trading on a real exchange. (See a list of best crypto exchanges here).

6. eToro Virtual Crypto Trading Portfolio account

eToro is a popular name in social trading, which offers various kinds of trading including commodity, currency, and crypto to name a few. What a lot of users are not aware of, that eToro also offers a trading simulation account, which you can use to practice trading. Only real Cryptoassets available for US users, eToro USA LLC does not offer CFDs.

Also, you can use this virtual money to test the social trading feature of eToro. It is one of the easiest ways to start trading, even if you are not a trader.

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. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. CoinSutra is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Anyhow, the above 6 platforms are pretty solid cryptocurrency trading simulator apps. My favourite is definitely Bitsgap and eToro, as this is something you will be using all the time, as you graduate to the next level.

Which is the best paper trading app for crypto?

Phemex simulates the best paper trading experience, as the environment offered by Phemex is very real. In fact, when you graduate from paper trading to real trading, your environment will remain the same.

Over to you: Best Crypto Paper Trading Apps

These are some of the best working paper trading apps that you can use to simulate Bitcoin trading or any other crypto trading. I do expect Tradingview to add Crypto to crypto pair for simulated trading in days to come. For now, I really like 3Commas for the paper trading features.

Before you move to read some other guide on CoinSutra, I would like you to answer a few questions:

  • Why are you using a Crypto paper trading app?
  • Have you found any other good crypto simulator apps?

Let me know your answers in the comment section below. If you find this resource useful, do consider sharing it on your social network.

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Thanks for your feedback!

1 thought on “6 Best Crypto Paper Trading Apps & Simulators (2024)”

  1. Greg

    Thank You for a great site and unvaluble info for us nebies!
    I have tried 3Commas papertrading witch I think is good and allso Bitgaps.
    Still learning and will do so with pappertrading as you sugest!

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