Demo trading or ‘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 crypto trading platforms that gives users an opportunity to understand and experience the cryptocurrency market without purchasing digital assets with real money. With a Swyftx demo account, you can afford to take risks and experiment with different trading strategies.

The cryptocurrency market has performed exceptionally well since its creation, however, it can be highly volatile at times. This means that there is a risk of losing money if trades are timed poorly. 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 how to trade cryptocurrencies.

Crypto beginners typically find the Demo Mode extremely useful. Swyftx’s crypto demo account simulates real-world trading just without the financial risk.

All Swyftx crypto 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.