What are the Uses of a Crypto Trading Demo Account?

[Suba]

A crypto trading demo account is a trading simulation feature available on crypto exchanges, allowing traders to try trading virtually without fear of losing their capital. The features of a crypto trading demo account are designed to closely resemble a real account, featuring an order book, price charts, technical indicators, stop-limit options, and more.

However, crypto trading demo accounts also have several disadvantages, such as the market not reflecting reality, and traders being more relaxed or less stressed and fearful when prices drop. Despite these disadvantages, there are certainly advantages/uses. What are they, in your opinion?

 

[Kross]

A crypto trading demo account is useful for learning how to trade without making any financial commitments.

 

[eLdavis]

The main use and purpose of a demo account is to learn. With a crypto trading demo account, you get to learn how to trade and also create and perfect your strategies.