How do I use demo trading?

Published on Dec 12, 2023Updated on Jan 26, 20242 min read82

What's Demo Trading?

Demo trading, commonly referred to as crypto paper trading, provides users with a simulated trading environment where they can practice trading cryptocurrencies without the involvement of real money. Essentially a form of practice trading, demo trading allows users to engage in simulated transactions that closely mirror real-world market conditions. This invaluable tool serves as a risk-free space for traders to refine and test their trading strategies, gain insights into market dynamics, and enhance their decision-making skills. Not only is it a safe haven for beginners to familiarize themselves with the intricacies of crypto trading, but it also serves as a sophisticated playground for seasoned traders to fine-tune advanced strategies before implementing them in their actual market portfolios. This dual-purpose platform caters to both novice and experienced traders, offering a dynamic space for continuous learning and skill development in the ever-evolving world of cryptocurrency trading.

How do I use demo trading?

  • Log in to your OKX account and navigate to the User Center menu. Look for Demo trading under the Trade section or at the Shortcuts section and select it to switch to the trading simulation mode.

CT-mobile-demotrading-1Select Demo Trading mode on the User Center page to start risk-free trading

  • You’ll see the total amount of demo assets that you can trade with, such as USDT, BTC, OKB, and various other cryptocurrencies. (Remember, this isn't real money — it’s for simulated trading only).
  • Navigate to Trade, and select the trading pair (for example, BTC/USDT) to select the token you'd like to buy. You may also switch to other instruments by selecting the Trade button again.
  • Choose the order type, place your entry price in USDT (if applicable) and the amount of BTC / total USDT value you want to buy, and select Buy BTC.

How do I reset the assets on demo trading?

To reset the assets on demo trade to initial amount, you'll need to close all the positions and pending orders (if any). Then, go to Assets, select BTC and select Reset.