Crypto demo trading is a risk-free and easy way to practice your skills. You can learn about trading and sharpen your senses with a demo account. The practice will give you an edge in your trading approach when you use real money for trading. Here is a step-by-step guide on how to demo trade on BTCC for free.
For more info on BTCC, check out our detailed BTCC review. Also, check out our list of best crypto demo trading accounts.
What is BTCC Demo Trading?
Demo trading on BTCC is a process that allows you to trade in a simulated cryptocurrency trading environment. You use virtual funds for the trading process. Since you are not using real money, you can trade without the fear of losing your funds.
As you demo trade, you can improve your trading approach. Furthermore, you will also trade confidently when you use real money. BTCC is one of the crypto exchanges offering demo trading. Registering at BTCC allows access to unique features completely for free. No deposit is required.
BTCC offers demo trading not only for cryptocurrencies but also for tokenized commodities and stocks such as gold, silver, Amazon ($AMZN), Google ($GOOGL), and more.
How to use BTCC Demo Trading
BTCC offers demo trading for USDT-M Futures, commodities, and stocks. Here is a step-by-step guide on how to use demo trading on BTCC.
Step 1: Login
To start demo trading on BTCC, you must open an account first. The process is quick and easy. You need to provide details like phone number or email and agree to the Terms and Conditions. KYC verification is not required.
Step 2: Go to “Futures” trading
Hover over “Futures” in the top menu and select “Demo Trading”.
Step 3: Set Up Demo Account
Now, you can set up your BTCC demo trading account to your liking. Adjust things like leverage, choose market, limit, stop loss orders, and start practicing with BTCC’s free crypto demo trading account.
Step 4: Switch back to Live Trading
When you are done with demo trading on BTCC, you can easily switch back to the live trading interface. No KYC is required for trading cryptos on BTCC. Simply deposit funds and start trading.
To switch back to live to trade, click on “Live Trading,” which is located above the limit order book.
Why Use BTCC Demo Trading
BTCC demo trading allows you to practice the trading process without any hassle. The steps are simple to understand and follow. By using the futures trading demo process, your learning curve will be easy and short. You can trade effectively when you use real money for trading. 90% of traders lose, which means that you must first practice a lot before making money in the live market.
Bottom Line
Trading on a crypto exchange for the first time can be difficult and scary. Demo trading makes the entire process easy as you get to use virtual money. You can trade just as you would with real money. The above guide will help you navigate the exchange easily. BTCC is one of the exchanges that offers a free demo account. It has all the aspects of real trading, including margin, limit orders, short and long positions, etc.
