- With its simplified, updated layout, the new feature makes it simpler than ever for customers to explore, learn in a risk-free setting, and move more smoothly into actual trading.
- In order to assist users become acquainted with order types, charts, and platform features, a realistic simulation of spot and futures trading interfaces will be made available.
- Additionally, users may reset their virtual assets for spot and futures back to their initial beginning amounts, which are $16,800 and $5,000, respectively.
In an effort to remove the barriers to entry into the cryptocurrency space, Binance, the biggest cryptocurrency exchange in the world in terms of both trading volume and users, today unveiled Binance Demo Trading for spot and futures, a new simulated trading experience. Since Binance Demo Trading was made accessible for testing two months ago, almost a quarter of a million people have utilized it.
With additional features, Binance Demo has been improved from Binance Futures Mock Trading to provide customers with a single learning feature for both spot and derivatives trading. With its simplified, updated layout, the new feature makes it simpler than ever for customers to explore, learn in a risk-free setting, and move more smoothly into actual trading. In response to customer demand, users in Binance-supported markets may visit Binance Demo after creating an account and begin learning right away, even if they are awaiting approval of their KYC before engaging in real trading.
“Our new Binance Demo Trading feature emphasizes simplicity, ease of use and offers a simulated trading environment experience without using real funds so it is ideal for beginners. At the same time, existing and even advanced users can also benefit from experimenting with products or strategies they may not have tried before, before moving on to real trading,” commented Jeff Li, VP of Product at Binance. “Amid the market excitement about crypto adoption, Binance is reinforcing its commitment to make crypto accessible to users of all levels around the world, so everyone can learn and progress at their own pace.”
In order to assist users become acquainted with order types, charts, and platform features, a realistic simulation of spot and futures trading interfaces will be made available. Users may practice placing orders using the API in the Demo Trading environment since the Binance API capability has been included into the platform. Additionally, users may reset their virtual assets for spot and futures back to their initial beginning amounts, which are $16,800 and $5,000, respectively.
The following advantages are available to users of Binance Demo Trading:
- Learning experience with virtual funds: By practicing trading with virtual funds, users may explore and learn without running the risk of losing money.
- Practical experience with trading tools: Demo Trading helps users become acquainted with order types, charts, and platform features by simulating spot and futures trading interfaces in a realistic manner.
- Gain confidence prior to actual trading: Increases consumers’ confidence before investing actual money by allowing them to create and test trading ideas in a secure setting.
- Lowers the entrance barrier: Designed to provide both novice and seasoned traders a safe environment in which to hone their craft and experiment with novel products.
The new Binance Demo Trading is now available for anyone to explore. The availability of the real trading product across the different markets would match the availability of spot or futures demo trading.
Disclaimer: The Demo Trading Platform is a simulated trading environment, provided for testing purposes only, using mock digital protocol tokens which have no economic or monetary value. Your activity on the Demo Trading Platform is separate and distinct from any live investments you make and may include features which are not available on live trading. Your performance on the Demo Trading Platform is not a reliable indicator of your future performance or returns when live trading. For more information, see our Demo Trading Terms of Use.
The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable legal and regulatory requirements. These materials are intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. Past performance is not a reliable indicator of future performance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.