Frequent Asked Questions
What is the difference between the Simulator and a real Exchange?
The most important difference is that in the Simulator you are always a "maker" (the one who creates the offer) and there is always a taker who will accept it immediately. In real life, you can be a maker or taker and there is usually a waiting time until the transaction is confirmed (blocktime) which can vary from seconds to several minutes due to the computation time of the algorithm used by each currency, the available miners and the volume of demand in the market.
¿What exchange does the Simulator use?
Market Cap is from CoinMarketCap and prices from CryptoCompare. Often the Simulator's charts do not match those of TradingView or other exchanges since we use data from CryptoCompare that takes as a reference about 90 exchanges to make a more balanced average worldwide.
What is the minimum transaction amount with cryptocurrencies?
Currently the minimum transaction is $0.01 USD. This number may vary depending on the Simulator gameplay.
I'm not receiving notifications
Make sure you have notifications enabled in Settings and that you have verified your email, when you created your account we send you a welcome email, if you can't find it, send us an email from that same address and we will activate it for you.
How does the History work?
Here is an example of the History:
It is updated every hour and has a journey of about 3 days. Hovering over you can see the total capital (without decimals).
How does the Ranking work?
The Ranking is measured by the percentage of profitability, it would not be fair to rank by capital since many investors start with $100 while others with $1,000,000.
A cryptocurrency is missing
There are currently hundreds of cryptocurrencies. In order not to saturate and keep the simulator practical, we have chosen to show only the 58 most popular cryptocurrencies. Right now you have the following cryptocurrencies available (ordered by Market Cap): BTC, XRP, ETH, XLM, EOS, BCH, LTC, VEN, TRX, ADA, XMR, BNB, IOT, XEM, DASH, ETC, NEO, ZEC, WAVES, DOGE, BTG, OMG, BAT, QTUM, DCR, LSK, NANO, BCN, BTS, ICX, DGB, SC, XVG, HSR, BTM, STEEM, REP, FCT, PPT, KMD, MAID, GNT, STRAT, ETN, SNT, ARDR, PAY, ARK, NXT, DGD, POWR, SYS, MONA, VERI, GBYTE, BTCD, SALT, MUE,
If you would like us to add a cryptocurrency, just contact us.
In the Simulator you will find the most popular cryptocurrencies although with BitConnect (BCC) we made the decision to remove it since it seems like a pyramid scheme.
Can I promote my Telegram website / project / group in my profile?
Of course! The Description field in your profile is designed for it, as long as it is useful and you do not spam. In fact, many signals channels use the Simulator to show potential users the reliability of their signals.
Tips and Tricks
Do not put all the eggs in the same basket, diversifying reduces the risk of a strategy going terribly wrong.
Always have some spare USD ready
Unless you have a very confident strategy, we recommend you do not invest all your capital at once, remember to keep a percentage in case a very good opportunity arises. The world of cryptocurrencies is very sensitive to news and changes in legislation and suddenly a currency can jump. In the Slack of CryptoSpaniards you can find out more.
Adapt your strategy to how much time you want to dedicate
There are many ways to trade, the most important difference is if you want to invest in the short, medium or long term.
Short term, it requires you to be reviewing movements every hour and buy when it is low and sell when it is high several times a day with small profits. More info.
Medium term, or approximately every few days or weeks. More info.
Buy and Hold
Long term, it is all about buying and expecting it to rise over time (HODL). More info.
As you can imagine, for short-term trading you have to be more attentive and control the market with closer detail, although it also gives faster profits yet it can be very stressful!
The cryptocurrencies are much more volatile than the traditional Stock Market, also, within the whole range of cryptocurrencies there are some that are more stable than others based on their volume (Market Cap.), Keep that in mind and act accordingly, small coins can suddenly disappear and may not follow technical analysis patterns (Fibonacci retracements or Elliott waves among others).
If you want to read more tips and learn more about cryptocurrencies we recommend you to follow our Blog in which we write articles for all levels of knowledge, comment on experiments and about what is happening in the Simulator week by week.
Join our Telegram or Slack channels in which the CryptoSpaniards community shares news and we debate every day on all aspects of Blockchain and cryptocurrencies, as well as helping each other with doubts and questions.