Best Crypto Copytrading Platforms 2022

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Since the cryptocurrency trading market is rather new, it might be a good idea to follow a professional trader who has more technical knowledge than you have. If you don’t have enough experience trading cryptocurrency, it makes sense to copy their trades. This means that if you find a strategy you really like, but want greater risk control, you can treat the platform more like a signals provider. You can enter and exit your trades manually to lock in profits — without ever having to ask yourself if crypto copy trading is profitable.

However, these commissions don’t affect our processes for creating unbiased, honest and helpful content. Bybit aims to provide a secure and transparent trading environment. It remains customer-focused and strives to offer the best user experience. On their page, you will see all the details of your copy investment. As a new investor looking to use the copy trading system, you should decide on your goal. For instance, you might copy someone who is more interested in hedge funds, commodities, etc.

You can allocate a certain amount to each expert and diversify your account, rather than placing all your eggs in one basket. CopyMe is a great copy trading platform that’s perfect for anyone looking to copy successful crypto trading strategies. The U.S.-based platform can be used to tap into the minds of trading professionals and effortlessly apply their strategies. The platform also allows you to adjust your risk and exposure levels, so you’re not completely dependent on another trader’s activity. While finding a profitable trader to copy is still up to you, we’ve saved you the hassle of finding them for yourself.

Another great feature of eToro is the possibility of testing the trading platform using paper money. You’ll be able to practice trading on eToro using a virtual portfolio. This platform has its own native token called “COV” that was created by Covesting, which is PrimeXBT’s partner.

EToro is one of the best copy trading platforms, and it offers a wide range of assets . The platform is based in Tel Aviv, and it was launched in 2007 by Ronen Assia , David Ring, and Yoni Assia. The copy trading feature was added in 2010, and it established itself as the world’s leading social trading network. Many traders who seek to replicate the trades of other traders are primarily interested in their trading performance, not in the markets they trade.

MoonXBT Enlisted in Top 12 Crypto Copy Trading Platforms by Industry Peers – EIN News

MoonXBT Enlisted in Top 12 Crypto Copy Trading Platforms by Industry Peers.

Posted: Tue, 13 Sep 2022 03:51:00 GMT [source]

The copy trading feature means that all trades opened and closed by the trader are replicated in the follower’s account. BingX is an innovative crypto exchange that allows users to follow top traders. The platform was founded in 2018 and has its headquarters in Singapore. BingX aims to empower even new investors with the knowledge needed for making the right investments. The platform’s excellent analytics and crypto social trading network mean that you don’t have to navigate the crypto space alone. There are models that you can use to build your strategies, but you also have the option to copy the strategies of other traders through the copy trading feature.

A Transparent Marketplace

You need to make sure that the trader whom trades you are copying has a good success rate and a strong trading performance. Try to stick to the most popular ones on the platform you are using, since those traders are less likely to use black hat methods to manipulate you or the market. what is copytrading In addition to being a crypto copy trading platform, eToro is building a collaborative community for crypto traders. The platform gives seasoned traders the ability to share their ideas and strategies. Furthermore, you can start copy trading without having prior trading experience.

  • As a new investor looking to use the copy trading system, you should decide on your goal.
  • The bot features on its website the top profitable traders and bots of the month.
  • In return, they receive 10 percent of the profits earned by each follower.
  • They have access to segregated accounts at top banks, secure deposits, withdrawals, competitive leverage, and tight spreads.
  • The Profit Sharing feature offered by Zignaly should also be a good choice since the platform won’t charge you for any position that wasn’t profitable.

This bot requires a powerful password to register on its copy trading platform. Your password needs to contain uppercase and lowercase letters, numbers and symbols. Jet-Bot also enables users to activate two-factor authentication on their accounts.

The average copy trading platform charges a few hundred dollars for getting started with copy trading. For instance, eToro’s minimum balance that you need to start copy trading is $200. TradeBattles is mainly a game or, rather, a competition between traders. Everyone can participate, and the trader who got the maximum yield during the contest wins 50% of the prize pool.

This strategy is one of the best performing strategies on the market nowadays. It helps investors maximize their gains and minimize their losses. This strategy is, simply put, buying a coin while the price is increasing and selling it gradually as the price starts dropping. All of Wunderbit’s copy trading is processed on the platform using your exchange’s API keys. That means your funds are less likely to be stolen compared to other copy trading platforms.

Trading Terminal

Launched in 2018, Coinmatics is right up there with the very best crypto copy trading platforms in terms of trading options and flexibility. While the crypto copy trading platform doesn’t allow you to automatically copy the trades of individual traders, you can utilize it to copy specific crypto trading strategies. Not only can you access Shrimpy’s copy and social trading bots, but you can develop your own custom copy trading strategies and cryptocurrency index funds. Crypto copy trading is a trading strategy that allows anyone to replicate the trades of experienced crypto investors.

copy trading crypto

Investing in copy trading carries less risk for newbie traders because they are still learning the basics of trading. Start copy trading by clicking “follow” on the strategy that best suits your needs. You’ll start getting the same gains or losses as the trader you have followed, so make sure to select an experienced trader with low risk and strong performance. Make sure to diversify your risk as well by following multiple strategies. Both the expert trader and the follower trader benefit from the copy trading feature.

Best Copy Trading Platform Crypto

Copy trading gives you the ability to copy the positions opened by one or multiple other traders automatically. Once you open the copy trade, your account is linked with the account of the trade creator, which means any trade is executed across both traders’ accounts. The best platforms for copy trading are eToro, AvaTrade, Bybit, and BingX. Each investor should carefully research the offerings of the available platforms, as some may offer support for other cryptos. Furthermore, each platform has slightly different terms and conditions, such as fees, spreads, and worldwide availability. The main advantage of using copy trading is that it allows you to take advantage of another person’s investment experience and knowledge.

Of course, you may choose to copy traders who focus on crypto trading. Yes, even new investors can use copy trading because it is a passive system. This means that you can leave the difficult work of selecting investments to others. It’s possible to earn returns on your portfolio without spending hours researching the market. Since the professional trader directs investment decisions, diversification and risk management can also be done.

Is Crypto Copy Trading Worth It?

Another reason crypto copy trading is beneficial for new traders is the minimal investment needed to get started. In fact, with many of today’s best crypto copy trading platforms, you can start copy trading and growing your brokerage account or crypto wallet with as little as $200. The list of top cryptocurrencies to invest in is exploding with new options. More and more users of all levels are eager to grab their piece of the pie. On the other hand, with modern technologies in mind, one does not need to be a financial expert.

copy trading crypto

The use of AI algorithms makes this copy trading bot more reliable, since it can consistently improve its performance and provide a better experience for its users. Basically, this feature allows you to use historical market data to determine how the strategies offered by the platform would have performed in the past. These platforms allow their users to use a wide range of tools to minimize their risks. All the information contained on our website is published in good faith and for general information purposes only.


A copy trading platform is a financial trading platform that offers retail investors the option to follow and automatically copy the trades of more experienced traders. Meaning, that they will offer a social component to the trader community, where they can communicate and share investment ideas and strategies. WunderTrading is another innovative crypto copy trading solution that deserves a spot on this list. Extremely original yet super functional and easy to use, eToro’s crypto copy trading platform offers some of the industry’s most innovative social trading features. The platform offers over 150 crypto assets, has over 3 million global users, and is one of the few derivatives platforms that offer an automatic copy trading system.

copy trading crypto

Copy Trading is a software application that enables individuals in the financial markets automatically to copy positions opened and managed by another selected really. This technique allows traders to copy certain trading strategies. Copy-trading links a portion of the copying trader’s that funds to the copied investor’s account. Copy trading is a great way to create a cryptocurrency portfolio. Most new crypto investors have no idea where to start and how to pick the best assets for investments. But luckily, the most popular trading platforms offer multiple features to help you on your investment journey.

After you become the Follower of a Principal Trader, the copying and execution of trades are automatic. All Principal Traders go through a strict audit to ensure outstanding performance and stable earnings., or just Shrimpy to most, is a popular social trading platform and crypto portfolio rebalancing tool. The concept has already turned into some kind of a social layer between professional traders and those who only seek the opportunity to enter the market.

Copy Trading Can Boost Crypto Portfolios

However, when the trader loses money, you aren’t required to pay anything. 68% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money. For instance, traders need to find the best crypto projects or “hidden gems” as the crypto community likes to call them. Traders also need to monitor their trades and keep track of what’s going in the market.

Following novice users’ demands, advanced and emerging brokers develop new technological products known as copy trading platforms. Let’s see, if they are worth it when it comes to replicating cryptocurrency deals. Copy Trading is a software application that enables individuals in the financial markets to automatically copy positions opened and managed by another selected expert trader. This method allows traders to copy specific strategies with the desired leverage. You could invest lower or higher than the suggested allocation recommended by the strategy owner.

Possibility Of Copying Losing Trades

Without having someone guide you and give you trading tips, you would have to spend hours analyzing and deciding which stocks you should buy or sell. You would have to become an expert at fundamental and technical analysis and follow the market trends and price movements. The copy trading platform automatically opens the trades on your account when a trader you follow opens them. You can also decide how much capital you wish to use for these trades and the total risk per trade.

What Is Slippage? How To Avoid It While Trading Cryptocurrencies?

With copy trading, investing in crypto couldn’t get any easier. The main idea of copy trade cryptocurrency is to avoid too much noise. Besides, increased volatility creates greater risks for beginners. On the other hand, copy crypto traders have full access to all major insights with a chance to widen their knowledge in real-time. You can start out copying top traders at FXTM with a minimum deposit as low as $100. Copy trading is sure a great way to earn some gains on your crypto without doing much work or research.

Like many of today’s best crypto copy trading platforms, 3Commas supports several exchanges and uses secure cold wallets for storing customer funds. All in all, they have a good variety of bots and strategies to select from, a beginner-friendly interface, and a solid reputation — which is all good news for newer traders. The 3Commas copy trading platform offers clients plug-and-play Bitcoin and crypto trading robots. Within their trading community, professional traders share their strategies with others to build up a community of traders benefiting from one another. When you become a follower, you can open and close trading positions automatically, get access to their trading history and earn more out of your crypto without any prior knowledge. This makes Bybit one of the top trading platforms and the best copy trading for beginners if you’re focusing entirely on the crypto market.

They will have useful stats and insights about each investor, their profit/loss ratio for the last year, and their investment strategy. Deciding on the right one simply comes down to your individual wants, needs and trading goals. Kryll offers everything needed in a great crypto copy trading platform. Once you open a free account and choose the strategies you want to copy, everything is done automatically. They even have apps for iOS and Android devices, as well as a trading community where you can purchase or swap trading strategies with others. For everything it offers, Shrimpy is a powerful tool that’s pretty tough to beat.

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