HitBTC, a crypto exchange that has been in operation since 2013, is now offering a free demo experience to its users. The difference between having a live account on HitBTC and using its demo platform is that the latter allows users to gain experience using virtual test funds, without using real assets in the process.
On Demo HitBTC users can get a full taste of what they will be getting from the main platform – a robust, transparent trading environment for all market players. They can use it to trade virtual funds to get a feel for the trading process and learn about all available options.
To ensure the user experience on the demo is as close to real day-to-day trading as possible, market data available to demo users will mirror the real-time data from the live HitBTC exchange.
Users’ demo accounts are separated from accounts on the main platform but for ease of use both are set up in exactly the same way. The demo is designed to provide the best authentic hands-on trading experience and education for users looking to practice a bit before venturing into the world of real trading.
Demo HitBTC offers a wide range of trading tools and order types with powerful APIs (REST, WebSocket, and FIX API), making trading operations quick and convenient. Users will also get the chance to try their hand at margin trading with 5x leverage.
With this feature, demo users can initiate a margin trade with a requirement to commit a percentage of the total order value. In other words, margin trading can be used to create leveraged trading, and leverage describes the ratio of borrowed funds to the margin. For example, to open a $2,500 trade at a leverage of 5:1, a trader would need to commit $500 of their capital.
Users can also take advantage of the Demo’s fully customizable trading terminal that comes with a lightning-fast and user-friendly interface. It is expected that before new features are implemented on the main HitBTC platform, they may be released and tested on the demo platform, where users can master them before they add them to their daily toolkit.
Overall, Demo HitBTC is intended to give beginners and experienced traders a unique opportunity to test drive the trading platform. It is also a place where they can work on developing new and more effective trading strategies before integrating them into their real-world trading practices.