Bitfinex launches ‘paper trading’ of live cryptocurrency markets
Bitfinex, a state-of-the-art digital asset trading platform, has launched paper trading, a demo account service that enables users to practice strategies without putting funds at risk in a live account.
Paper trading, which will be available on newly-created sub accounts, will enable users to trade Bitcoin in a simulated market environment without the need to deposit real funds. As an exchange built to serve professional trading strategies, the addition of paper trading will enable users to explore the rich features of the platform without putting funds at risk.
Trading pairs available for paper trading include: TESTBTC:TESTUSD, TESTBTC:TESTUSDT, TESTAAA:TESTBBB. In addition, paper trading is available for margin trading, funding, derivatives and over-the-counter (OTC) trading.
“Paper trading will enable our users to hone their trading skills in a fun and safe environment,” says Paolo Ardoino, CTO at Bitfinex. “Trading – especially at leverage – is not a game. Paper trading lets users perform a test run of strategies before risking capital in a live account. As an exchange that serves professional traders and those executing more sophisticated strategies, the launch of paper trading forms part of our commitment to ensuring our users are well educated and informed.”
To enable a paper trading account, users should take the following steps: log in to your account, navigate to the Sub-Account section and create a new sub-account that you wish to set up for paper trading.
For additional information on the paper trading feature, please visit our knowledge base: Paper Trading - test, learn and simulate trading strategies.
Bitfinex is leveraging its position as a one-stop-shop for crypto trading, offering a variety of services, including margin trading with up to 5x leverage.