Best Crypto Paper Trading Apps For 2025

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Go to broker’s website OKX Overview

If you're too busy to read the entire article and want a quick answer, the best crypto paper trading app is OKX. Why? Here are its key advantages:

Is legit in your country (Identified as United States )
Has a good user satisfaction score 8.9 out of 10
Real-time data
Fast execution speed

Go to broker’s website OKX Overview

Below, we'll explain in more detail why we believe this and how brokers were evaluated.

The best crypto paper trading apps are:

OKX - Best automated trading solutions (copy trading, easy bot integration)
CoinMetro - Suited for conservative trading (simple UI and low leverage of up to 1:5)
Bitunix - Global crypto derivatives exchange offering spot and futures trading with up to 125x leverage
Gemini - U.S. regulation with a wide range of products (trading, credit card, stablecoin)
WEEX - Licensed in the U.S., Canada, and Australia, offering access to a wide range of cryptocurrencies
Ripio - Exchange focused on LATAM (support of local currencies and payment systems)
VirgoCX - Canadian exchange with OTC trading and support for fiat on-ramps

Crypto trading can be challenging due to its highly volatile markets, where asset values can rise or fall by hundreds of dollars overnight. Traders must navigate these price swings while selecting from thousands of coins and tokens, making it essential to understand the market dynamics before investing real money.

Fortunately, trading skills can be developed through practice. Learning when to buy or sell, managing risks, and tracking market trends are crucial aspects traders can master without risking their funds.

One of the most effective ways to practice is through crypto paper trading. It provides a simulated trading environment where users can experience market conditions and develop strategies safely.

In this article, we’ll cover crypto paper trading, top apps, benefits, how to get started, and expert tips for trading success.

Best crypto paper trading apps comparison

Crypto paper trading is the process of using simulated crypto markets to practice buying and selling assets without losing money. The practice dates a few decades to when individuals wrote nonexistent trades on paper and watched the markets to see if they did well. Currently, the act is done online and resembles demo accounts.

Choosing the right crypto trading app or simulator can make a huge difference in your trading success. With so many platforms available, finding one that fits your needs is essential. This table compares the top crypto trading apps and simulators.

Best crypto paper trading apps
	Coins Supported	Foundation year	TU overall score	Open an account
OKX	329	2017	8.9	Open an account Your capital is at risk.
CoinMetro	72	2018	7.41	Open an account Your capital is at risk.
Bitunix	474	2021	5.65	Open an account Your capital is at risk.
Gemini	77	2015	3.57	Open an account Your capital is at risk.
WEEX	915	2018	2.07	Open an account Your capital is at risk.
Ripio	52	2013	3.72	Study review
VirgoCX	60	2018	3.07	Study review

Bybit Review

Open an account

Your capital is at risk.

Bybit is a leading cryptocurrency exchange specializing in derivatives trading. Its proprietary trading platform is user-friendly but caters primarily to experienced traders who are comfortable with advanced financial instruments. Integration with TradingView provides seamless market analysis and trade execution. Bybit is regulated by the AFSA (Astana Financial Services Authority - Kazakhstan), holds a preliminary license from the VARA (Virtual Assets Regulatory Authority - Dubai) and secures MiCAR (Markets in Crypto-Assets Regulation) license from Austria’s Financial Market Authority (FMA).

Bybit allows highly leveraged trading of up to 100x with a clear and transparent fee structure. For those seeking alternative investment strategies, Bybit offers copy trading programs for both derivatives and spot markets, enabling users to automatically replicate the trades of successful investors. The exchange provides 24/7 customer support, a safe banking environment, and instant deposits/withdrawals. Additionally, Bybit offers a crypto debit card, allowing users to spend their digital assets on everyday purchases.

Binance Review

Open an account

Your capital is at risk.

The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit). More about Binance Card

HTX Review

Open an account

Your capital is at risk.

HTX (Huobi) (pronounced “haw-be”; with “huo” meaning “hot” or “popular” and “bi” meaning “coin” or “currency” = “popular currency”) is a global cryptocurrency exchange that was founded in China but is headquartered in Seychelles. The work of the international company HTX started in 2013. The cryptocurrency exchange allows traders to carry out transactions with a variety of assets, including about 300 currency pairs and cross rates. There is no information on whether this company is licensed and the exchange hasn’t received any awards during its brief activity. More about the safety of cooperation with HTX.

Are you interested in investing with a real money account?

We've compared the real trading conditions of the top exchanges that also offer demo trading for cryptocurrencies. If you're into crypto, you'll want to pay attention to key factors like fees, the number of supported currencies, etc.

Comparison of trading conditions on the crypto exchanges
	Min. Deposit, $	Spot leverage	Spot Taker fee, %	Spot Maker Fee, %	P2P Taker Fee, %	P2P Maker Fee, %	Withdrawal fee	Open an account
Bybit	1	1:10	0,1	0,1	0	0	0,000111 ВТС 0,0015 ETH (ERC20)	Open an account Your capital is at risk.
Binance		1:10	0,1	0,1	0,1	0,1	0-3,5%	Open an account Your capital is at risk.
HTX	1	1:3	0,2	0,2	0	0	0,0005 BTC 0,005 ETH	Open an account Your capital is at risk.
OKX	10	1:10	0,1	0,08	0	0	0,0004 BTC 2,6 USDT	Open an account Your capital is at risk.
Kraken	10	1:5	0,4	0,25	Not supported	Not supported	0,0005 BTC	Open an account Your capital is at risk.
Crypto.com	1	1:3	0,5	0,25	0,16 - 0,20	0,10 - 0,16	0,0005 BTC	Open an account Your capital is at risk.
CoinMetro	1	1:5	0,2	0,1	0,2	0,1	0-0,1%	Open an account Your capital is at risk.

Pros and cons of paper trading apps

Paper trading apps simulate real market conditions, allowing beginners to practice and refine their strategies in a risk-free environment. While these apps offer valuable learning experiences, they also have limitations. Understanding their benefits and drawbacks can help traders use them effectively and transition to live trading with confidence.

You can trade and understand market dynamics without financial consequences (risking real money).
Use trading data to see what works and where to improve.
Successful trades in practice can boost your trading confidence.
Learn how to apply strategies in various market conditions.
Practice trading anytime and anywhere with app accessibility.
Develop a personal trading style through repeated practice without opening a real account.
Build discipline by following a trading routine consistently.

Real trading costs like fees and spreads aren’t always reflected.
Since it’s fake money, you don’t experience real trading stress.
Constantly adjusting strategies can create unrealistic expectations.

How to get started with crypto paper trading? A beginners guide

Practicing cryptocurrency trading is the best way of getting good at it. The most effective way to learn is by using paper trading apps, and eToro is the best in the game. Here are steps on how to get started on eToro paper trading.

Step 1: Account opening

To start paper trading, open a demo trading account on your preferred platform. Search for the app or visit the website, then click “Create a Free Account.” Provide your username, email, and password to register. Alternatively, you can sign up instantly using your Google or Facebook account for convenience.

Step 2: Choose your trading platform

Once you have created an account, you must choose the platform you would love to use. eToro provides you access to trading on several platforms, such as mobile, web, and desktop. You can log in through the platform's website, where you'll click on log in and enter the required information and password.

Step 3: Access paper trading account

Once you log in, you'll access a $100,000 virtual currency that you can use to trade for free. You'll get to learn the skills to trade successfully and open positions, experiment with leverage, Stop Loss and Take Profit, different strategies, and invest in portfolios and communities.

Step 4: Start trading

Once you have gone through the platform and gained the confidence to trade and information on the financial instruments you would love to invest in, you can start trading. You can invest in stock with 0% commission, open short positions using CFDs, and use pro charts and the research tab to gain insight.

How to paper trade crypto

Paper trading accounts provide free sign-up and virtual money for practice. However, it doesn't mean you just jump into it. You'll lose the virtual funds before you learn anything useful. Here is how to paper trade crypto.

Choose your trading strategy

Traders have access to various strategies to make good trading decisions. Some of the most common strategies for trading experts include scalping, day trading, and swing trading. Each is ideal for individuals with different times for physical trading. For example, those with limited time will profit from swing trading, while those with time will benefit from day trading. The good news is that you are using virtual coins, meaning no money is lost.

Placing orders

Placing orders on a paper trading app resembles placing an order on an actual trading app. First, search for the instrument you wish to trade, select to buy or sell that order, and decide the amount of virtual money you wish to invest before submitting the order.

Practice your execution skills

After finding a good strategy, it is important to try it out in different scenarios. You can use a range of apparatus so that you can have a view of different performances.

Consider real money trading

Once you’ve practiced and developed a successful strategy using a paper trading account, consider switching to real trading. Some top trading platforms make the transition seamless, offering a hassle-free switch from paper trading to a live account with no additional fees.

Use this feature to practice handling market crashes, bull runs, and periods of low volatility

When choosing a crypto paper trading app, look for one that offers adjustable volatility settings. This feature is often overlooked but can make a world of difference in learning how markets react to various levels of instability. Use this feature to practice handling market crashes, bull runs, and periods of low volatility — scenarios that most beginners fail to prepare for. This approach sharpens your ability to react fast when the real market gets bumpy.

Automate strategy testing with API integration. The real advantage comes when you integrate bots through API access in your paper trading environment. Many platforms allow you to connect automated trading bots to your demo account. This isn't just for advanced users — beginners can run basic grid bots or trend-following bots and learn how automation works without risking money. By simulating multiple strategies simultaneously, you gain real-time experience managing risk, optimizing profit targets, and adjusting trading intervals.

Methodology for compiling our ratings of crypto exchanges

Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include:

User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.
Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.
Other factors like brand popularity, client support, and educational resources are also evaluated.

Summary

Paper trading apps are essential for anyone looking to master cryptocurrency trading without risking real funds. They offer a safe learning environment where beginners can build foundational skills while experienced traders can refine advanced strategies. Choosing the right app with features like volatility simulation, automated trading bots, and real-time market data can significantly boost trading success. By practicing regularly, traders gain the confidence and expertise needed for real-market investments. Explore the best paper trading platforms today and elevate your crypto trading journey with minimal risk.

FAQs

Why should I use a crypto paper trading app?

It allows you to practice trading, test strategies, and gain confidence without financial risk, especially useful for beginners or testing new markets.

Are crypto paper trading apps free?

Many crypto paper trading apps are free, though some may offer premium features like advanced analytics or additional tools for a fee.

Do I need real funds to start paper trading?

No, paper trading uses virtual funds provided by the app, so you don’t need any real money to start.

Can I trade real cryptocurrencies with a paper trading account?

No, paper trading is purely simulated and does not involve real cryptocurrency transactions or risks.

Team that worked on the article

Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.

Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.

Learn about our editorial policies

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Crypto trading

Crypto trading involves the buying and selling of cryptocurrencies, such as Bitcoin, Ethereum, or other digital assets, with the aim of making a profit from price fluctuations.

Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

Volatility

Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.

Forex Trading

Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly. However, beware that trading carries risks, and you can lose your whole capital.

Leverage

Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.