Crypto Trading Simulators: Teaching You How to Trade Cryptocurrencies

With the rise of virtual cryptocurrencies, it’s no wonder why so many people are looking to start trading. You’ve got Bitcoin, Ethereum, Litecoin, Dogecoin, and others that are looking to make a name for themselves. These digital cryptocurrencies make sure to offer several benefits that fiat currencies don’t, hence their popularity.

First of all, the users of these currencies are anonymous and remain so during transactions. By remaining anonymous they keep their information safe from online threats. Also, they use the currency to buy and sell goods and services online as well as swap it for other digital currencies. Oh, and the profit potential is swell.

In fact, this potential is what motivates people to get into crypto trading. Yes, you can always register at an exchange and start trading. But this will lead you to make lots of mistakes and losing lots of money. That’s why you need to go for a trading simulator.

These are apps that will teach you how to trade various cryptocurrencies. Some might focus on the popular digital currencies while others will throw in new ones in the mix. If you’re looking for these kinds of apps, then here are some suggestions:

Spark Profit

Knowing if the value of an asset will go up or down is crucial when you’re trading virtual currencies. It can decrease or increase the value of your assets and you’ll need to adapt to such change immediately. Spark Profit gives you the chance to make a prediction that will turn out to be wrong or right and you’ll win or lose points for it. The virtual currencies available here are Bitcoin, Ethereum, and Litecoin. But there’s no need for you to learn any trading skills as you can go for a trading platform like BitIQ.

As this is a platform you’ll need to feed it input as a user and let it trade in your stead. This means you’ll need to make an account with the platform and you’ll be able to use it to trade crypto. But you’ll need to learn how it works and how to adjust the settings. That’s why you’ll need to go over some tutorials before you start using the platform. A demo account will also be provided as you’ll need to experiment with the settings. Then you’ll get to the live session after which you can enjoy the platform in full.

Altcoin Fantasy

Yes, predicting the value fluctuations is important, but you shouldn’t forget the basics. That’s why Altcoin Fantasy is here to help. It teaches you how to buy and sell various popular virtual currencies. It also makes sure to teach you how to analyze the market which is another essential skill.

What separates it from the other trading simulators is the fact that it offers lots of competitions where you can test your skills. Also, if you manage to turn out on top you can get a prize that’s made up of real crypto.

CoinMarketGame

This is another app that focuses on the basics. In other words, CoinMarketGame teaches you the buying and selling aspects of crypto trading. You’ll be able to do this on a virtual market and with popular digital currencies. Once you master the basics, you can trade crypto on any exchange.

Conclusion

Getting the skills is one thing. But you’ll still need to get some other things straight. This means you’ll need to choose which virtual currency you’re going to trade. Also, finding the right exchange is a must if you’re looking to trade. So is finding the right crypto wallet to store your assets. Then you’ll be set as a trader.