Would-be traders interested in the leveraged trading of various digital assets can practice their trading strategies by starting out with bitcoin trading simulators. These games re-create the real-world trading conditions for bitcoin and a number of other digital currencies.
Through these crypto trading simulators, users can learn just how difficult it is to generate consistent profits through a platform like Bitmex. They can educate themselves without putting their digital/real-life wallets on the line. The Bitcoin Market Journal team has taken a closer look at the most popular bitcoin trading simulators, reviewing and rating them based on criteria such as ease of use, similarity to actual real-world trading conditions, and rewards offered.
This list is not exhaustive. There are scores of other bitcoin trading simulators out there. Contact us if you would like to see a specific simulator added to this page.
Spark Profit Gives Traders a Reality Check
This simplistic and easy-to-use bitcoin prediction game gives traders a taste of how difficult it can be to meet the simplest profit targets when trading digital asset futures.
Spark Profit is browser-based. It is also available as downloadable iOS and Android apps.
The game itself is extremely easy to learn. To help beginners, it comes with a handy interactive tutorial. As easy as it is to play, Spark Profit is difficult to master. Hitting the weekly profit threshold, which entitles players to real money rewards, is quite a challenge.
Niffler.co Supports Most of the Top Digital Assets and More
Niffler.co is an actual digital asset exchange simulator. After you register and confirm your email address, you can buy and sell an impressive selection of digital currencies through it.
When you place an order, the game requires you to provide a reason for your move. In the “reason” field, you can post pictures, links, videos, and even graphs.
The educational utility of the setup is obvious. Niffler.co uses real-life asset prices and trading conditions.
Bitmex – The Infamous Scene of Most Leverage Trading Horror Stories
The actual version of Bitmex is known for spectacular trader losses, meltdowns, and allegations of market manipulation. We therefore have to reiterate that here, we are talking only about its testnet version.
This version works with testnet bitcoin. Acquiring such “play bitcoin” is a little bit of a pain. Those who go through the trouble will be directly exposed to Bitmex’s pitfalls and quirks. Such a lesson in leveraged trading is an invaluable one indeed.
Altcoin Fantasy Gives Away Real Money Prizes in Bitcoin
This trading simulator is focused on pitting traders against their peers in trading contests. Some of these contests pay out valuable prizes. If you find picking up $100 worth of bitcoin intriguing, Altcoin Fantasy is the simulator for you.
The Private Contest mode is a nice touch as well. Traders who set up such contests can even set entry fees.
In addition to real money prizes, players are also rewarded with Tradingview subscriptions and CryptoKitties.
Bitcoin Hero Supposedly Uses Real-World Prices
The problem is that right now, however, their bitcoin price seems to be off by a few thousand dollars, which hardly inspires confidence.
That said, Bitcoin Hero is the simplest game on this rating list. You can play it with just a click at the official site.
While creating an account is not compulsory, to have your trading history tracked/saved, you need to register an account.
In addition to the web app, the game has been made available for Android and iOS devices.
CoinMarketGame Supports Scores of Digital Currencies
CoinMarketGame has its players buying digital assets again. The unique selling point of the game is its vast selection of coins, which it sells/buys for their real-world value.
The game is a simplified digital asset exchange simulator, which fills orders instantly. See if you can generate profits under such slightly better-than-real trading conditions.
Bitcoin Trading Master Is Sold for EUR 3.99 on Steam
BTM is a standalone game, which is the only one that’s not free on the list. The reason it has made our selection is that it has generated an impressive amount of positive feedback.
Some of the players of this early access title think that it is underpriced as it is.
As far as intricacy and game-play depth is concerned, the simulator is certainly the equal of what some of the top real-world online trading venues offer. It is by all means a great educational tool for beginner bitcoin traders.
Conclusion
Trading through simulators such as the ones on this rating list is certainly a fun pastime for some. Do not forget, however, that real money trading entails great risks.
Do not rush your trading journey. Work through all these simulators first and then put real money onto the line, if and when you feel confident in doing so.
Subscribe to the Bitcoin Market Journal newsletter for the best insights on every nook and cranny of the digital asset industry.
