Crypto Trading Simulators and What They Teach You

Well, it’s obvious from the title that crypto trading simulators teach you how to trade with digital currencies. These are the current trend and are looking to stay in the world of finance. With that said it’s no wonder that these apps exist, but who came up with them?

These simulators came to be after the origination of the crypto gaming market. This is a relatively new market with a couple of titles available for PC, smartphones, and tablets. It all started with CryptoKitties in 2017 and continued from then.

Game developers got creative and developed all sorts of games. Trading card games and matching games are plentiful in the crypto gaming market. Thanks to their creativity a couple of crypto trading simulators came to be. These apps cover various aspects of crypto trading and also cover various cryptocurrencies.

But they offer the essentials when it comes to learning skills. In other words, you’ll get virtual money to trade with on a virtual market. Also, you’ll get real-time prices of assets and all kinds of information regarding the cryptocurrency. With that said, here are some of the trading simulator apps that you might come across:

Bitcoin Profit

Don’t let the name confuse you as it’s more than just a Bitcoin trading simulator. It also covers Litecoin, Ehtereum, and Ripple on the virtual market. As mentioned before, Bitcoin Profit provides users with real-time prices of assets and focuses on buying and selling them. These are the essentials you’ll need if you’re looking to trade crypto. Alternatively, you don’t need to learn how to trade crypto and you can use a trading platform instead. They will trade in your stead if you just set them and one of the many platforms you’ll come across is Official trading app, this is a separate platform that happens to have the same name.

This is a platform that offers a low commission on profits from trading, but only after you get the hang of it first. With that said making an account is a must and you also need to make a small deposit since you’ll need some money to trade with. Learning the settings is what’s next and you’ll do this through a couple of tutorials and a demo account. When you’re comfortable with the app, then you’ll be able to go for a live session. Then it’s off to the real world of crypto trading.

Niffler

There aren’t as many apps out there that are quite like Niffler. That’s because this app doesn’t just offer popular cryptocurrencies to trade with, but it throws in some new ones as well. On top of that, it isn’t a simulator that just focuses on buying and selling assets. Instead, it offers various aspects such as shorting a position, using leverage, and more.

As you learn each skill you’ll be building your portfolio and will have the badges to prove it. Once you get to the elusive verified status you can call yourself a complete crypto trader as you’d have learned all the skills the app has to offer. You’ll also be a helping hand for many new users of the app.

Altcoin Fantasy

Besides buying and selling crypto, analyzing the market is a must if you’re looking to be familiar with the changes in value so you can adapt to them. Altcoin Fantasy also offers several contests for those that want to test and sharpen their trading skills which is what sets it apart from other apps.

Conclusion

With a formidable skill set, you’ll be a formidable trader. But don’t forget about the other aspects. Picking out a crypto is a must which is why you’ll need to see the popular ones and stick to one. Getting the right wallet and finding the right exchange are also important if you want to thrive as a crypto trader.