Demo Mode is a feature on the Swyftx trading platform that allows you to practice Bitcoin and cryptocurrency trading without financial risk. Test your strategies, experiment with trading coins and build your confidence while getting familiar with the crypto market.
We credit your account with a balance of artificial currency and you can use these funds to buy, sell and trade Bitcoin, Ethereum, XRP and over 280 other crypto assets. We even simulate global liquidity and market depth.
Sign up to the Swyftx Crypto Exchange by providing your name, email address, and phone number.
Switch on demo mode in the top right of your screen. You’ll see a black and yellow caution tape across the top of your screen indicating you’re in demo mode.
Your account will be credited with $10,000 of artificial currency, allowing you to experiment with trading different crypto coins.
Your Swyftx demo trading account lets you experience all the trading features Swyftx has to offer. You’ll get access to:
Trade 280+ assets
Mobile and desktop applications
Track the progress of your portfolio
Set price alerts
Global liquidity and market depth
Follow live-market trends with advanced trading tools
Demo trading, also referred to as ‘paper trading,’ is a type of cryptocurrency trading simulation, whereby users can buy and sell cryptocurrencies without financial risk. This is a feature on some cryptocurrency exchanges and platforms that gives users an opportunity to understand and experience the cryptocurrency market without purchasing digital assets for real.
The cryptocurrency market has performed exceptionally well since its creation, however, it can be highly volatile at times. Making a trading mistake can prove to be costly. There are a number of ways to overcome this. For instance, dollar cost averaging (DCA) reduces the impact of price volatility on purchases of financial assets.
Demo mode, on the other hand, allows you to make trading mistakes without financial risk. This is a great way for beginner and intermediate traders who are looking to learn and understand the crypto market by simulating real-life trades.
Crypto beginners typically find the demo mode extremely useful. Swyftx’s demo mode simulates real-world trading just without the financial risk.
All Swyftx demo accounts will automatically be credited with $10,000 (USD) in artificial currency. We cannot add or remove funds from this balance. If you would like to reset your balance back to $10,000, you are able to do so by contacting our customer support team.
Take advantage of our low fees, low spreads, low prices, and feature-packed app to unlock your trading & investing potential today.Signup Now