How to practice trading crypto on OKX with Demo Trading

okx learn
OKX Learn
2022.12.22

A step-by-step tutorial on how to try out crypto trading risk-free with OKX’s demo trading feature.

For users looking to learn how to trade BTC, ETH and other cryptocurrencies without actually risking losing any real money, OKX’s Demo Trading enables users to practice in a simulated environment without dropping a single satoshi. Demo Trading allows beginner traders who are just learning the ropes to practice before diving headfirst into real cryptocurrency markets. Likewise, it also provides a playground for advanced traders to hone their skills and practice advanced strategies before applying them to their real market trading portfolios.

Try demo trading

Step 1: Switch to Demo Trading mode

  1. Log in to your OKX account and navigate to Trade. Then, click Demo trading to switch to the trading simulation mode.

    Switch to demo trading

  2. Now, navigate to Assets – Demo Trading in the upper right corner and click on My Assets.

    Access demo trading assets

  3. You’ll see the total amount of demo assets which you can trade with, such as USDT, BTC, OKB, and various other cryptocurrencies. (Remember, this is not real money — it’s for simulated trading only!)

    Demo assets amounts

  4. Your total virtual assets are automatically distributed into all of OKX’s trading products — spot, margin, futures, perpetual swaps and options — so you can try them all!

Step 2: Trade with virtual money

You’re now ready to start simulating trades! You can choose any market that interests you.

Spot trading

  1. Let’s take BTC/USDT spot trading as an example. First, navigate to Trade and then click Spot under Basic trading.

    Access demo spot trading

  2. Next, choose the market and the trading pair from the menu at the top of the Basic trading section.

    Select market and trading pair

  3. Choose the order type, input the price of BTC in USDT (if applicable) and the amount of BTC you want to buy, and click Buy BTC (Demo trading). It’s as simple as that!

    Select demo trading parameters

Perpetual trading

  1. Now, let’s take future trading as another example. First, click the Settings cog at the top right corner.

    Access perpetual demo trading

  2. Then, click the account mode from the Settings menu.

    Select settings menu

  3. Then select Single-currency margin, Multi-currency margin or Portfolio margin mode to activate futures, perpetual, and options trading.

    Select account mode

  4. Then navigate to Trade and then click Futures under Contracts & margin trading.

    Access futures demo trading

  5. You can also select Futures and choose from the market and the trading pairs in the menu.

    Select futures demo trading

  6. Input the price of BTC in USDT (if applicable) and the amount of BTC you want to Long, and click Long BTC (Demo trading).

    Select demo order parameters

  7. Once you’re satisfied with the parameters, click on Confirm to place your order.

    Confirm demo trading order

After practicing with Demo Trading, you can navigate to Assets – Demo Trading and then Trade in Real Market to test out your new skills! You can also read more in our beginner’s guide to trading or our tutorial on crypto derivatives. Ready to put your skills to use for real?

Start trading