How Does Bitcoin Demo Account Work?

What is MT4 Demo Account?

The MetaTrader 4 demo account is a practice demo bitcoin account provided on the MT4 bitcoin Platform - this MT4 practice account is the same as the MT4 real bitcoin account with the only difference between these two cryptocurrency accounts being that with a practice account you bitcoin trade with virtual money.

How to Open Demo Bitcoin Account on MT4 Platform

How Do I open a demo bitcoin account? In order to open a demo account and start trading on the practice bitcoin account a bitcoin trader should follow the following how to open demo bitcoin account procedure:

Download the Crypto Broker MT4 Bitcoin Platform.
Setup MT4 cryptocurrency broker platform on your PC.
Open MT4 Bitcoin Software.
Click the File Menu and Click open a trading account and Select MT4 Demo Bitcoin Account Option.
After opening the MT4 practice account.
Click on the File Menu and Select Bitcoin Sign in.
Enter your MT4 demo bitcoin account Bitcoin Sign in Details and login to the online platform - MetaTrader 4 software.

How does Crypto practice account work?

A bitcoin demo account is a practice demo account funded with virtual money and is used by beginner traders to learn and practice trading.

Where Can I practice trading?

You can practice bitcoin trading online by opening a bitcoin demo account from MT4 platform provided by online MT4 cryptocurrency brokers.

What is the difference between a demo and live account?

Demo account is the same as a real account in trading of bitcoin crypto currency platform, features used in the bitcoin platform as well as crypto charts and bitcoin trade orders execution - the main difference on a demo account is that traders trade with virtual money.

To trade on the Bitcoin MT4 software you will need to start with the basic tutorials - how to use MT4 platform tutorial guide section of this learn bitcoin website will explain the basics of how to use the MT4 platform and traders can use these tutorials to learn about the MT4 Bitcoin Platform Setup. These MetaTrader 4 platform tutorials for beginner traders are illustrated below:

How Do I open a MetaTrader Practice Account? To start btcusd crypto trading with a demo trade account used for practice bitcoin crypto currency trading, a bitcoin trading online trader can do this directly from MT4 software. Below is an example shown of how to open a demo practice account & how to start demo trade practice using the MT4 software, on top left corner: click File then click 'Open an Trading Account' button as shown below.

Open Bitcoin Practice Account MT4 Bitcoin Software - What is MT4 BTCUSD Platform Demo BTCUSD Account?

Open Bitcoin Demo Account MT4 Bitcoin Platform

Once you click this MT4 software download link you will be taken to your MT4 cryptocurrency broker site where you can register for cryptocurrency account details of a bitcoin trade demo account.

The next step is to fill the following open MetaTrader practice account form illustrated & displayed below, the required info is:

Your first name
Last name
Country
City or town
Phone number
EMail address.

After entering in these details for opening a free demo trade account - on the open a demo trade account form below, click the open demo bitcoin crypto currency account button.

Opening of a Demo Account in the MT4 Software - What is MT4 Platform Demo Crypto Account?

Registering of a Demo Bitcoin Account in the MT4 Software

Once you fill the Start Practice Account form & complete this step, you will then receive the demo bitcoin account signing up confirmation details of your online demo login & password details as shown & displayed below. A copy of these MT4 Bitcoin Sign in details will also be sent to your E Mail address.

How to Open a BTCUSD Chart in MetaTrader 4 Platform

Once you have opened a demo account for practice bitcoin trading the next step is to open a Bitcoin chart so as to begin bitcoin trade online.

For this example let's start with a blank screen on the MetaTrader 4 workspace.

To open a new MT4 cryptocurrency chart from the example illustrated below, click the 'File' tab at the top left corner as depicted below, then select the option 'New Chart'.

MT4 MetaQuotes Software - What is MT4 Demo Crypto Account? - How Do I Open a Demo MetaTrader 4 Bitcoin Account?

Crypto MetaTrader 4 Software Setup - MetaQuotes Software

After clicking 'New Chart' a drop down menu will appear with a list of instruments that as a btc usd trader you can choose which MT4 cryptocurrency chart to open. For example, the first bitcoin instrument in the MT4 platform software selection is the Bitcoin, clicking Cryptocurrency MT4 cryptocurrency chart will open the bitcoin chart.

What's MT4 Demo BTCUSD Account? - How to Open Demo Account on MetaTrader 4

Crypto MetaTrader 4 Software Tutorial

Sign in to a MetaTrader 4 Bitcoin Crypto Account

Before placing any btcusd crypto trade on the MT4 software, you will be required to login to your MetaTrader 4 cryptocurrency account and get authenticated before gaining access. Authentication is checking to see whether if the Bitcoin sign-in details you provide for Username & Password are correct details.

To begin trading on MT4, just click on 'File', then select and click "Sign in" button from the file dropdown menu as illustrated below.

Login to MT4 Online Bitcoin Software - How Do I Trade Cryptocurrency on MT4?

As a bitcoin trader once you click this log in button, then a popup window panel will appear prompting you to input your Username and Password Bitcoin Sign in details as shown below:

MT4 Bitcoin Platform Sign in - How to Trade with MT4 Bitcoin Platform

Once you input your User Name & Password cryptocurrency account log in authorization credentials you will then have to select the server: because this is a bitcoin demo bitcoin account, for this instance you'll then choose 'Demo', if it was a real btcusd crypto account/real account then you would have to select 'Real' Server on this option by clicking on dropdown arrow on the right side of the above text box.

Then tick the box 'Save the Account Information'

Then Click 'Log in'

Once you click sign in your details will be authenticated & you will then have access to your demo MT4 cryptocurrency account and when logged in to your MT4 account you can begin to trade & place new orders in the btcusd market in MT4. If you do not have cryptocurrency account login details you can get these crypto login details by registering a practice trade account with a online broker.

Learn More Tutorials and Lessons:

Trade Bitcoin Trading