Bitfinex Launches ‘Paper Trading’ of Live Cryptocurrency Markets

ROAD TOWN, British Virgin Islands, July 6 2020 8:30AM BST – 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,” said 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.” 

Traders will enjoy a variety of benefits in the paper trading service, including:

  • Simulated Bitcoin trading without the need to make a deposit
  • Capacity to create multiple paper trading accounts to test various trading strategies
  • Ability to share paper trading strategies and ideas within the Bitfinex Pulse community
  • Test balance available to all users for paper trading strategies
  • No risk to funds in a live trading account

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.

About Bitfinex

Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital token traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and financed trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.

 

Media Contact for Bitfinex:

Joe Morgan

Senior Public Relations Manager

[email protected]

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Tech Junkie is a small word for Vikas Kaushik. Whether the latest game on the market or a new gadget launch he is the go-to person. He drives his motivation from the fast-paced technological advancements. He ensures that the right news reaches niche audiences. An avid biker and movie buff he has deep-rooted faith in upcoming technological inventions and is a torchbearer for the tech revolution.

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