- With its simplified, updated layout, the new feature makes it easier than ever for clients to explore, learn in a risk-free environment and move more smoothly into actual trading.
- To help users familiarize themselves with order types, charts and platform features, a realistic simulation of spot and futures trading interfaces will be made available.
- In addition, users can restore their spot and futures virtual assets to their original starting amounts, which are $16,800 and $5,000 respectively.
In an effort to remove the barriers to entry into the cryptocurrency space, Binancethe largest cryptocurrency exchange in the world in terms of both trading volume and users, was unveiled today Binance Demo Trading for spot and futuresa new simulated trading experience. Since Binance Demo Trading was made available for testing two months ago, almost a quarter of a million people have used it.
With additional features, Binance Demo has been enhanced from Binance Futures Mock Trading to provide clients with a single learning function for both spot and derivatives trading. With its simplified, updated layout, the new feature makes it easier than ever for clients to explore, learn in a risk-free environment and move more smoothly into actual trading. In response to customer demand, users on Binance-supported markets can visit the Binance Demo after creating an account and start learning right away, even if they wait for 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 money, making it ideal for beginners. Meanwhile, 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, Head of Product at Binance. “Amid the market’s excitement around crypto adoption, Binance is reinforcing its commitment to making crypto accessible to users of all levels around the world, so everyone can learn and develop at their own pace.”
To help users familiarize themselves with order types, charts and platform features, a realistic simulation of spot and futures trading interfaces will be made available. Users can practice placing orders using the API in the Demo Trading environment as the Binance API capability has been included in the platform. In addition, users can restore their spot and futures virtual assets to their original starting amounts, which are $16,800 and $5,000 respectively.
The following benefits are available to Binance Demo Trading users:
- Learning Experience with Virtual Funds: By practicing trading with virtual funds, users can explore and learn without the risk of losing money.
- Hands-on experience of trading tools: Demo Trading helps users familiarize themselves with order types, charts and platform features by realistically simulating spot and futures trading interfaces.
- Gain confidence before actual trading: Increases consumer confidence before investing actual money by allowing them to create and test trading ideas in a safe environment.
- Lowers the barrier to entry: Designed to provide both novice and experienced merchants with a safe environment in which to hone their craft and experiment with new products.
The new one Binance Demo Trading is now available for everyone to explore. The availability of the actual trading product in the various 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 fake digital protocol tokens that have no financial or monetary value. Your activity on the Demo Trading Platform is separate and distinct from any live investment you make and may include features not available on live trading. Your performance on the Demo Trading Platform is not a reliable indicator of your future performance or returns in live trading. For more information, see our Terms of use for demo trading.
The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable laws and regulations. These materials are intended only for those users authorized 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 responsible 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 advisor before making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk warning.
