Paper Trading (Demo Account)
This feature used to be called Paper Trading, but is now just called Demo Account. You can access your Demo Account by clicking on the ‘Real Account’ dropdown at the top of any page that shows your account balance. From here, you can toggle the ‘Demo Account’ toggle to access paper trading.
The Demo Account provides you with the amazing opportunity to test out any bots/settings using fake money before committing to using your hard-earned cash. All of the bot settings that we share at the Bot Base are ones that we’ve already spent countless hours backtesting in TradingView/3Commas, and are likely already running ourselves. That being said, not every strategy is fool proof and it can be nice to test things out knowing that there are no repercussions. Even something as simple as just setting up your first bot and getting used to how to stop bots or cancel deals can be very nice things to use the Demo Account for.
The Demo Account has access to many more pairs than are likely available on your exchange, and in addition, all of these pairs are only tradable against USDT. When you open up your Demo Account for the first time, you’ll likely only have a large amount of BTC and/or ETH available. You’ll need to sell some of your BTC or ETH for USDT in order to start testing some “normal” bots. Follow these steps to get funded with some USDT:
- Click on ‘Terminal’ in the sidebar.
- Your Demo Account should already be selected as the Exchange, if not, make sure to select it here.
- Next, set the Market to ‘USDT’ and Pair to ‘BTC/USDT’.
- In the panel on the bottom left, click on ‘Sell’, enter 1 in the ‘Units’ box and click the big red ‘Sell’ button.
- This will fund your account with whatever the price of 1 BTC is (note: you can sell more than 1 BTC if you’d like, but 1 should be plenty to run some test)