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What is crypto copy trading and how does it work?

Cryptocurrency trading is a complex skill requiring extensive knowledge of fundamental and technical analysis and the cryptocurrency ecosystem as a whole. As most traders lack the capability to develop a winning trading strategy, they struggle to learn a multitude of skills needed to be a successful investor (who knows how to swim through the steep tides of the waters).

Do amateur traders have no hope, then? Are they left to fend for themselves, speculating about the prices and taking to stride the sharp ups and downs of the cryptocurrency industry? Thankfully, there are tools that help such traders explore the potential of the cryptocurrency industry, simplifying over-complex cryptocurrency trading by following expert traders.

This article discusses what cryptocurrency copy trading is, how it works, its legitimacy and its limitations. It also talks about how a holistic approach to copy trading can play a key role in the evolution of traders.

What is cryptocurrency copy trading.

Cryptocurrency copy trading is an automated strategy that lets one copy an experienced trader’s trading methods. This enables one to buy and sell crypto assets to earn profits without putting in a lot of time for researching or gaining proficiency in crypto trading.

Basically, cryptocurrency copy trading is all about identifying skilled traders and re-executing their moves literally. A trader doesn’t have to spend time picking market trends or learning complex trading methods. Rather, the software just mimics what the expert trader is doing.

For instance, if the trader the copy trading software is following invests $100 to buy coin A, the software will also spend $100 on the same cryptocurrency. The tool not only helps amateur traders to use the expertise of other traders but also helps them learn the skill of making smart investment decisions.

Alternatively, one could join trading groups on Facebook or Robinhood to get advice on the right cryptocurrency trading strategy at their own risk, as nothing is a sure shot in the crypto industry, given the volatility of the market. This practice is termed cryptocurrency social trading. On these platforms, seasoned traders suggest which crypto assets they should buy or sell. However, the process is manual and there are chances of the traders failing to implement it without mistakes, thus diminishing the probability of success.

How does crypto copy trading work.

Choosing a skilled copy trader and software are two essentials for successful copy trading. Here is some light on how to get started with cryptocurrency copy trading:

When one decides to go for crypto copy trading, the first step is to identify the right trader. The efficiency of copy trading is invariably hooked to the skill level of the trader one is following. They need to carefully research the available traders and analyze their skill levels against certain parameters such as profitability of trades, the total amount of funds they manage, risk level and the number of followers, among others.

The array of parameters one eventually chooses depends on their own preferences. Amateur cryptocurrency investors need to carefully determine what is important to them for making a decision regarding crypto trading strategy.

One might question how they will be able to get insights into the performance of various traders. It is to find all required information on typical copy trading software as traders willingly consent to give member traders access to their trading moves. One can examine the track record of various lead traders on the dashboard and select the one that fits in with the parameters of their choice.

The lead traders themselves are paid a small fee for allowing their trades to be copied. The fee usually hovers around 7% of the profit made. Thus, the system works to the advantage of expert traders as well as those following them.

Selecting the right software is as important as choosing the right cryptocurrency trader. Once the trader zeroes in on the software, the next step is to set it up. Though it might take some time, it is a fluent ride later as the process is automated. The software could usually be set up to invest the same amount or the percentage as the trader being emulated.

Even after the software is set up, a trader could switch to another trader any time they want. They could pause any trade the software makes or could decide on their own about closing a position without waiting for the action of the lead trader.

Cryptocurrency investors can also choose more than one lead trader to diversify their portfolio. However, one needs to determine the chunk of funds they want to allocate to each lead manager.

Algorithms of the trading platforms are designed to automatically copy the trade of the lead investors. However, one is in total control of trading and can overrule the software anytime. Traders can leave it totally to the software or watch the portfolio selection of their peers themselves and take trading actions based on their investment goals.

Is copying cryptocurrency trades legal.

Copy trading creates the impression of being a pioneering term; however, it has been around for a while. Regulatory bodies such as the Financial Conduct Authority (FCA), a financial regulatory body in the United Kingdom, and European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, have recognized copy trading.

To comprehend the legal status of copy trading in the country one resides in before investing is as important as to establish that the dealer is regulated. Plenty of regulations have been framed for copy trading, so one can regard copy trading as a legitimate trading method if they are using an authorized service.

Risks of cryptocurrency copy trading.

To a large extent, the efficiency of the cryptocurrency trading process depends on the choice of the platform and expertise of the lead trader. A wrong move could dampen the whole exercise. It is important to make every decision after due diligence.

There are so many crypto copy trading platforms that picking the right one could be quite demanding for an amateur trader having little knowledge about the domain. A trader failing to make a well thought out decision might result in them losing hundreds or thousands of dollars. Seasoned copy traders would compare the features of various platforms and go through their reviews before arriving at a decision.

When looking for a trader, choosing one in the age of social media is challenging. A Flood of information from all sorts of sources, reliable and unreliable, makes the task steeper. It is important to do adequate research when selecting a trader rather than just going through a person’s profile.

All software, no matter how well they are developed, might go wrong at any time and begin delivering unexpected outcomes. A trader needs to keep monitoring the cryptocurrency trading process and exit their position if they feel they are generating continual losses.

Trading is a full-time job requiring cryptocurrency investors to spend full days studying charts, updating themselves about the latest developments and testing various scenarios to determine when to buy and sell cryptocurrency. While copy trading allows a trader to view the actions of lead traders, they don’t get to see the work behind the scenes that led them to make those moves.

Holistic and long-term view of cryptocurrency copy trading.

Factoring in all aspects of cryptocurrency copy trading is important before investing. At its core, the cryptocurrency copy trading process is about taking advantage of the expertise of a previously successful trader, practically negating the time one would usually need to develop trading skills of the same level.

If one is able to choose a trade-worthy platform and the right trader to copy, it might turn out into a profitable long-term trading approach. For rookie traders, learning how to buy and sell cryptocurrency could be perplexing. When copy trading, they are able to see the action of an experienced trader in real time, helping them to understand the nuances. They are able to learn, read the trading charts and gain the ability to respond to changing market conditions.

Copy trading could be the first step for one to become a proficient cryptocurrency investor. Regular monitoring of lead traders’ actions backed by behind-the-scenes learning may help amateur traders to hone their cryptocurrency investing skills and evolve as expert traders themselves.

Best Crypto Copy Trading Platforms.

We have conducted our tests, and compiled our list of the best crypto copy trading exchanges currently available. Scroll down to read about each of these platforms in more detail.

The Top 6 Copy Trading Crypto Platforms in 2022.

: Best crypto copy trading platform overall : Huge range of 2,110+ trading pairs : Best for beginners : Crypto exchange with free crypto copy trading bot : Best for huge range of 1,000+ cryptocurrencies : Crypto portfolio management with copy trading functionality : Copy trade any of 280+ verified strategies.

Cryptocurrencies were introduced in 2009, but the recent surge in the prices of crypto assets grabbed the attention of many people, piquing their interest in investing and trading. Of course, trading requires extensive research, analysis, time, and attention to evaluate the markets and their movements. If anything goes wrong, you could lose a considerable portion of your equity, and in some cases financial ruin.

Since we live in the era of innovation and solutions, you now have the option to copy trade which is especially useful if you are a new trader, an amateur, or simply someone who wants to trade without any hassles. You can save yourself hours since you eliminate the need to create your own strategy, calculate risks, master different trading markets, and whatnot, as you can simply copy professional traders who take care of everything for you.

What is crypto copy trading?

As the name suggests, copy trading allows users to copy the trades, strategies, and market assessments of professional and experienced traders. This enables any user to make successful trades, even if they have zero experience in trading or the crypto industry. The best thing about copy trading is that you do not have to monitor other traders all the time as everything works on autopilot. You just have to select a particular trader to copy, select the amount you want to trade, and leave it be until you want to cash out your profits or change strategy.

It doesn’t matter even if you are a first-timer in the crypto industry, because you can copy trade without any prior knowledge. You don’t have to go through the hassle of learning the basics of trading, spend hours reading the charts every day, or be on social platforms to monitor the market.

What are the benefits of crypto copy trading?

It’s not easy to trade and win in the market if you have not done your homework. Homework includes a lot of time, years of experience, deep research, patience, funds allocation, and much more. This is where crypto copy trading comes in. Let’s check out its benefits!

No knowledge and experience required.

This is the whole point of crypto copy trading: copy trading crypto reddit it does not require users to have extensive knowledge of countless crypto markets or hands-on experience. Even if you are a total beginner with little to no understanding of how trading works, you can still copy trade and earn a considerable amount.

Time efficient.

Crypto copy trading works on an autopilot basis where you simply allocate your investment and sit back and relax. If you have a day job and want to earn money by trading cryptocurrency as a side gig, crypto copy trading will assist you. You only need to take a few minutes out of the day to see how the trader you have copied is performing and if you have made any profits.

Risk management and trade customizations.

Most of the best crypto copy trading platforms allow copy traders to manage the risk efficiently with the adjustment parameters they provide on the copy trading interface. That is where you can set certain limits or even create criteria so that you won’t lose your whole investment in case the trades by the professional trader go sideways.

The best crypto copy trading platforms: Reviews.

Read more about the top copy trading crypto platforms in 2022. Investigate each one for yourself to see which is best for your personal needs.

#1. Bybit: Best Crypto Copy Trading Platform Overall.

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Bybit is a one-stop cryptocurrency exchange with over 220+ coins, low trading fees, plenty of markets such as spot trading and margin trading, and of course, the option to copy trade. Bybit states that over 150,000 traders have joined their copy trading program, where they explore different professional traders and copy the one with the best history and results.

The best thing about Bybit’s crypto copy trading is that the exchange has thousands of copy traders available. You can do your research thoroughly and find the traders that work best for you. To make things even easier, Bybit also provides the option to apply search filters while finding copy traders and choose them according to their 7-day win rate, 3-week win rate, or 7-day profit. Through this option, you can easily determine if the trader has a successful history and if you should invest your money with them.

You also have full control over your trades, and you can customize them exactly how you like. If you want to set any type of parameters, you can do so after selecting a trader to copy. You are able to set your preferred leverage, stop-loss, and other similar settings that could be beneficial for your trades.

Lastly, you can become a principal trader on Bybit if you think you are experienced enough and have a good market understanding. For each copier, you can receive 10% commission for the trades you execute, which can generate a considerable income along with your trading journey.

Massive variety of traders that you can copy Beginner-friendly interface Set your own parameters Autopilot mode with no hassles Live Chat customer support $10 FREE BTC to get started, when you sign up with our link.

#2. MEXC: Huge Range of 1,500+ Trading Pairs.

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MEXC is one of the world’s most popular cryptocurrency trading platforms, and the best part is it has the copy trading feature that we are looking for. You can browse the best investors by ROI, Total Profit and Loss, Win Rate, Total Equity, or Number of followers. This means that you can find an appropriate trader to copy, based on whichever metric you find most important. If you know the name of a specific trader that you want to copy, you can also enter that in the Search field.

MEXC offers more than 1,520+ cryptocurrencies, and an impressive range of 2,110+ trading pairs – the most out of any crypto exchange in the world. The trading fees are low at just 0.2% for spot trading, and 0.02/0.06% for futures trading.

There are plenty of other options available on MEXC; if you want to read about them all, check out our in-depth review here. If you want to start copy trading on MEXC, take advantage of our special link here. It will grant you $25 USDT for FREE, as well as 10% discount on all your trading fees.

FREE $25 USDT plus 10% off trading fees Over 1,520+ coins, and 2,110+ trading pairs No KYC required to use MEXC Low fees of 0.2% for spot trading and 0.02% for futures Spot, margin, and futures trading available.

#3. eToro: Best for Beginner Copy Trading.

eToro is undoubtedly one of the most popular and diversified crypto exchanges for crypto beginners. It is a global crypto platform offering its services to almost every country, including the US, and even offers other markets, such as stocks and forex, depending on your location. One of eToro’s most popular features is copy trading, as it makes it so easy for newcomers to start investing even when they have no experience or knowledge in the matter.

It does not matter if you are a beginner or in the learning phase of trading; you can leverage the automatic process of eToro copy trading and earn profits while you relax. eToro claims that copiers were able to grow their portfolio by over 30% in 2021 by copying the platform’s top 50 traders – this is an excellent result. There are no management fees or hidden fees involved in the copy trading offered by eToro. You just have to pay the commission of the principal trader, and you will be good to go.

To get started, simply sign up to eToro and access their copy trading section right away. You will be provided with a comprehensive list of available principal leaders, along with their rankings. You can even check out their win rate in order to evaluate their overall trading skills. You can also set up your own parameters and specify your preferences to keep the risk levels low and not let your trades entirely be dependent on others. One of the unique things and the best parts about copy trading on eToro, is the ability to chat with the principal traders. You can ask them questions, let them know your thoughts, and build up trust before you decide to copy their trades.

To top it off, eToro offers much more than copy trading. An efficient beginner-friendly interface with an ultra-professional trading layout along with the ability to trade tons of different assets attracts many investors. You can also learn and grow with the resources they have provided and build your own skills to trade. To learn more about eToro, read this comprehensive review.

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9. Gate.io – Best Platform for Leveraged Trading. Gate.io is a well-known cryptocurrency exchange founded in 2013. It’s available to traders around the globe, including in the U.S. as Gate.us, and offers a whopping 1,600+ crypto trading pairs for spot copy trading and 33 pairs for futures copy trading, which is pretty amazing. 4. eToro Copy Trading feature. eToro social trading is quite popular among beginners who are looking to start with copy trading feature. eToro deals in various markets including cryptocurrencies. Once you have activated your account, inside your dashboard select “Copy people” and select “Crypto” under the “who invests in” tab. Crypto copy trading is a great option if you are brand new to the cryptocurrency industry, because the thing about cryptocurrency trading, in general, is that it often requires a lot of time and research. Crypto copy trading is a great option if you are brand new to the cryptocurrency industry, because the thing about cryptocurrency trading, in Bybit is a one-stop cryptocurrency exchange with over 220+ coins, low trading fees, plenty of markets such as spot trading and margin trading, and of course, the option to copy trade.Bybit states that over 150,000 traders have joined their copy trading program, where they explore different professional traders and copy the one with the best history and results. An exchange with an enormous selection of crypto assets and trading pairs, Gate.io has recently introduced Copy Trading. This allows traders to copy other users’ trading strategies. In exchange for crypto trade copier letting their strategies be copied, the trader gets a 5% piece of the profit you get from their strategy. Best Crypto Copy Trading Platforms & Bots 2023. 1. Pionex. Pionex has it all going on as far as being a crypto copy trading platform that you can capitalize on if you want to be able to find experienced traders that know what they’re doing. Perhaps one of the biggest advantages to this crypto copy trading software is that they are free, so Of course, crypto trading can make lots of profits, and expert traders recommend going into the crypto market. On the other hand, trading without knowledge and experience can cause huge losses, especially for novice traders. However, new trades can make profits just like expert traders using copy trading platforms. Copy trading, also known as eToro also gives its users the ability to copy a trader’s entire portfolio or new positions. To copy a user’s existing positions, check the “Copy Open Trades” box. The minimum amount to copy a trader on eToro is $200. The platform has set the minimum amount for a copied position at $1. Visit eToro Now. Copy-trading allows you to mirror the portfolio and ongoing trades of an experienced investor. This allows you to invest in a truly passive nature – as your chosen trader will determine which assets to buy and sell. In this guide, we review the Best Copy Trading Platforms for 2023 and walk you through the process of getting started today. Crypto Copy Trading enables you to accelerate the execution of orders. Automatic Crypto Copy Trading Platforms. Copy-trading is a portfolio management approach in which one copies the trades of another trader to track the investor’s success. The automated version of crypto copy trading has completely changed the way people trade in the market. Sa fonctionnalité de copy trading permet de copier les meilleurs traders et de générer des gains en versant une commission de 10% à ces derniers. Comme son nom l’indique, le copy trading crypto est une stratégie qui permet à quiconque de copier les meilleurs traders crypto.

OPINION #1: Meilleur copy trading crypto.

En d’autres termes, toutes les positions ouvertes ou PrimeXBT was named Crypto Expo Dubai’s Most Trusted Crypto-Asset Trading Platform for 2022, closing out an incredible year of growth and achievement for the company. With copy trading becoming a more important trend for 2023 and Covesting emerging as the market’s most innovative copy trading experience, get the full benefit of catching the The daily highs and lows of crypto assets are on the most part more varied than a traditional tradable asset. While the swings of the crypto market can lead to risk when trading, it can also lead to significant opportunity. In this article, we will review 4 popular crypto copy trading platforms you may want to use. Enable “Copy trading”. After deciding on the trader you want to copy, simply click on the “Copy” button. You will have to set the details for the traders before the platform can start copy trading. After you have set the amount to invest and the setting for closing the investment ( Stop Loss ), click on “Invest.”. 10. Vantage. Vantage offers four options for copy trading: ZuluTrade, Duplitrade, Vantage Social League and MyfxBook. To open a copy trading account with Vantage, you need to deposit at least $50. To open an account with Duplitrade, on the other hand, you need at least $2000. Copy Trading has never been easier. All you have to do is: 1) Choose a crypto trading software you like (we recommend WunderTrading) 2) Sign up and connect your exchange account through API. 3) Pick a successful trader and follow him. 4) That’s it – copy trading will now start making you more crypto. One of 3Commas’ biggest advantages is the wide variety of cryptocurrency exchanges on which you can automate your crypto trading for maximum convenience. These include: Bitfinex. Bitmex. Bittrex. Bybit. Bybit Testnet. Binance. Binance US. FXTM is a leading forex and CFD copy trading platform. Having been founded in 2011, it is a dominant platform for copy and social trading. It hosts clients who are verified on broker platforms with which other people can social trade. Social trading lets you leverage trading signals and strategies and pay the sources. Etoro is a copy trading platform that was established in 2006 and is used by over 12000000+ traders. This copy trading platform offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index-Based Funds, Exchange Traded Funds (ETF). The eToro is one of the best social and copy trading systems ideal for beginner users Click on “Copy”. Click the “Copy” button to automatically start copying the trader’s positions. First, you have to register for free. Then you can pretty much start trading. On the ” top markets ” tab you get to the trader page, where you can look into traders and markets. On that page you can choose your traders. Here are the best forex brokers for copy trading, based on our testing of 39 brokers across 113 variables. eToro – Best overall platform for copy trading. AvaTrade – MetaTrader suite, ZuluTrade and DupliTrade.

OPINION #2: Meilleur copy trading crypto.

Pepperstone – MetaTrader, DupliTrade, and Myfxbook. Vantage – MetaTrader, ZuluTrade, DupliTrade, and Myfxbook. The top seven copy trading platforms include eToro, Bityard, Bitget, BingX, PrimeXBT, MoonXB, and Gate.io. One of the most accepted copy trading platforms is eToro. Its ease of use and around 4 regulations make it a more trustworthy and appreciated exchange platform. eToro offers specific and regular monthly payments to professional traders. Also, read – 6 Best Copy Trading Apps in India [Important] BingX: 2nd Best Platform to Become a Copy Trader. Another fantastic platform that provides a reliable environment to their users and provides a copy trading feature is the BingX platform catering to over a million users with its low fees and high transaction speed It is one of the best cryptocurrency exchanges. Les meilleurs comptes de copy trading à suivre en 2021. Vous l’avez sans doute compris. Pour un débutant, le copy trading est un moyen simple pour commencer à gagner en bourse sans expérience. Ceci, à la seule condition de trouver la bonne stratégie. If you have little expertise in crypto trading, you can either use bots or try a copy trading strategy. From this article, you’ll learn the pros and cons of both variants. Copy trading and trading bots are equally popular among novice crypto traders. Thanks to both variants, you can earn money with minimum skills and effort. All you need is a certain amount of crypto and a trustworthy bot or The main idea of copy trade cryptocurrency is to avoid too much noise. Besides, increased volatility creates greater risks for beginners. People tend to hype and hat coins. These factors create unexpected market moves. On the other hand, copy crypto traders have full access to all major insights with a chance to widen their knowledge in real-time. Let’s get started with the full breakdown of the 20 Cryptocurrency Copy Trading Platforms. kryll Overview. kryll is a popular automated cryptocurrency trading platform that offers traders with both Bitcoin and crypto trading robots for use in auto trading which is seamless and hassle-free.. kryll also has a marketplace which allows professional traders to offer their trading strategies and Kraken is one of the oldest U.S. crypto exchanges, founded in 2011 during crypto’s Paleolithic era.This platform offers a solid range of coins with very competitive trading fees. It’s also one ByBit is one of the most popular crypto copy trading platforms, globally, with a community of over 100,000 traders. One of the main advantages of using ByBit is that it allows users to trade margin contracts. Margin contracts offer leverage which can be used to multiply profits when the market goes in your direction. 2. eToro – Online Broker With Automated Copy Trading and Smart Portfolios. Top social investing brokerage eToro is one of the best crypto auto trading platforms for Copy Trading. That is to say, the broker pioneered this automated way of buying and selling digital assets. The best copy trading platforms to consider right now can be found in the list below: eToro – Overall Best Copy Trading Platform for 2022. Bitget – Rapidly Growing Crypto Exchange Supporting Zignaly: This is a crypto trading bot and copy trading software that you can use with KuCoin or Binance. There are free bots and profit-sharing options. Learn more: Best crypto copy trading platforms.

OPINION #3: Meilleur copy trading crypto.

How to Start Copying Trades. If you decide that crypto copy trading is for you, it is pretty easy to start. Choose a Copy Trading Software Here are the steps you should take to copy trade. First, you will need to select a broker to partner up with. Choose a regulated broker like AvaTrade that offers you security, a wide selection of assets and customer support. Now its time to open an account on an automated platform. As mentioned in the previous paragraph, crypto copy trading allows investors/copiers to fund professional traders through something very similar to crowdfunding, while receiving in exchange the chance to get a return on what they have invested, and this is a HUGE opportunity that once again crypto makes available to everyone and that, as usual Crypto copy trading is a trading strategy that uses automation to buy and sell crypto. It lets you copy another trader’s methods, so you don’t need a lot of time or experience yourself. The whole concept of crypto copy trading revolves around the idea of identifying successful traders and mimicking their actions. Cryptocurrency copy trading is an automated strategy that lets one copy an experienced trader’s trading methods. This enables one to buy and sell crypto assets to earn profits without putting in Hello friends!This video will give you another opportunity to trade like a pro. It is a very good feature at bitget crypto currency exchange which provides i Copy-trading platforms aim to democratize trading and make lucrative strategies available to new investors, who can automatically mimic the trades of more experienced traders. This allows novices PrimeXBT. PrimeXBT is a popular margin trading platform that offers access to the Covesting copy trading module – a peer-to-peer copy trading community. Followers can automatically copy the trades of top-ranked strategy managers who currently show as much as 4,000% ROI. PrimeXBT also recently was awarded the “Most Trusted Crypto-Asset Copy Trade with AvaTrade Australia. We offer you a good choice of some of the most well established copy trading services. We also collaborate with signal providers to get you market alerts and trading notifications. Here are the products we offer: ZuluTrade – With a large variety of signal providers to choose from. Le copy trading est un service de management de portefeuille, fourni par eToro (Europe) Ltd., qui est autorisé et régulé par la CySEC. L’investissement dans les crypto-actifs n’est pas régulé dans certains pays d’Europe et au Royaume-Unis. Il n’y a pas de protection des consommateurs. Votre capital court un risque. Quite simply, copy trading involves copying trades made by one specific trader. On the other hand, mirror trading is when a trader uses algorithms to determine the best general strategy based on the actions of a group of traders. And moving from specific to general, social trading involves observing the trading behavior of other traders (expert Copy trading can be an effective way to make money. It allows you, as the investor, to mimic the actions of experienced traders. This means that you can begin to make profits without needing any prior experience or knowledge of markets or trading. With copy trading, you can venture into markets that you’d otherwise avoid, knowing that you Crypto day trading and Scalping. A crypto day trading strategy allows the trader to take full advantage of cryptocurrency assets’ price volatility. As mentioned earlier, virtual assets are currently extremely volatile, which works to the advantage of a day trader. The crypto day trading strategy is a game of numbers strategy. Binance Copy Trading review. This article reviews the Binance Copy Trading features and their pros and cons. If you are new to the Cryptocurrency world, stick with me because it might save you a great deal of time and perhaps save your assets from unaccounted risks. The Cryptocurrency market has been one of the hottest market trends for the The crypto social trading model is very similar to traditional financial trading systems, which have earned millions in profits to hedge fund investors. With the advent of crypto and the evolution of fintech, everyone can try their skills. Furthermore, the social signaling by crypto communities can effectively drive individuals to open trades Contract Trading Simplified. Tutorials. On Nov.

OPINION #4: Meilleur copy trading crypto.

How to Start Copying Trades. If you decide that crypto copy trading is for you, it is pretty easy to start. Choose a Copy Trading Software Here are the steps you should take to copy trade. First, you will need to select a broker to partner up with. Choose a regulated broker like AvaTrade that offers you security, a wide selection of assets and customer support. Now its time to open an account on an automated platform. As mentioned in the previous paragraph, crypto copy trading allows investors/copiers to fund professional traders through something very similar to crowdfunding, while receiving in exchange the chance to get a return on what they have invested, and this is a HUGE opportunity that once again crypto makes available to everyone and that, as usual Crypto copy trading is a trading strategy that uses automation to buy and sell crypto. It lets you copy another trader’s methods, so you don’t need a lot of time or experience yourself. The whole concept of crypto copy trading revolves around the idea of identifying successful traders and mimicking their actions. Cryptocurrency copy trading is an automated strategy that lets one copy an experienced trader’s trading methods. This enables one to buy and sell crypto assets to earn profits without putting in Hello friends!This video will give you another opportunity to trade like a pro. It is a very good feature at bitget crypto currency exchange which provides i Copy-trading platforms aim to democratize trading and make lucrative strategies available to new investors, who can automatically mimic the trades of more experienced traders. This allows novices PrimeXBT. PrimeXBT is a popular margin trading platform that offers access to the Covesting copy trading module – a peer-to-peer copy trading community. Followers can automatically copy the trades of top-ranked strategy managers who currently show as much as 4,000% ROI. PrimeXBT also recently was awarded the “Most Trusted Crypto-Asset Copy Trade with AvaTrade Australia. We offer you a good choice of some of the most well established copy trading services. We also collaborate with signal providers to get you market alerts and trading notifications. Here are the products we offer: ZuluTrade – With a large variety of signal providers to choose from. Le copy trading est un service de management de portefeuille, fourni par eToro (Europe) Ltd., qui est autorisé et régulé par la CySEC. L’investissement dans les crypto-actifs n’est pas régulé dans certains pays d’Europe et au Royaume-Unis. Il n’y a pas de protection des consommateurs. Votre capital court un risque. Quite simply, copy trading involves copying trades made by one specific trader. On the other hand, mirror trading is when a trader uses algorithms to determine the best general strategy based on the actions of a group of traders. And moving from specific to general, social trading involves observing the trading behavior of other traders (expert Copy trading can be an effective way to make money. It allows you, as the investor, to mimic the actions of experienced traders. This means that you can begin to make profits without needing any prior experience or knowledge of markets or trading. With copy trading, you can venture into markets that you’d otherwise avoid, knowing that you Crypto day trading and Scalping. A crypto day trading strategy allows the trader to take full advantage of cryptocurrency assets’ price volatility. As mentioned earlier, virtual assets are currently extremely volatile, which works to the advantage of a day trader. The crypto day trading strategy is a game of numbers strategy. Binance Copy Trading review. This article reviews the Binance Copy Trading features and their pros and cons. If you are new to the Cryptocurrency world, stick with me because it might save you a great deal of time and perhaps save your assets from unaccounted risks. The Cryptocurrency market has been one of the hottest market trends for the The crypto social trading model is very similar to traditional financial trading systems, which have earned millions in profits to hedge fund investors. With the advent of crypto and the evolution of fintech, everyone can try their skills. Furthermore, the social signaling by crypto communities can effectively drive individuals to open trades Contract Trading Simplified. Tutorials. On Nov.

OPINION #5: Meilleur copy trading crypto.

How to Start Copying Trades. If you decide that crypto copy trading is for you, it is pretty easy to start. Choose a Copy Trading Software Here are the steps you should take to copy trade. First, you will need to select a broker to partner up with. Choose a regulated broker like AvaTrade that offers you security, a wide selection of assets and customer support. Now its time to open an account on an automated platform. As mentioned in the previous paragraph, crypto copy trading allows investors/copiers to fund professional traders through something very similar to crowdfunding, while receiving in exchange the chance to get a return on what they have invested, and this is a HUGE opportunity that once again crypto makes available to everyone and that, as usual Crypto copy trading is a trading strategy that uses automation to buy and sell crypto. It lets you copy another trader’s methods, so you don’t need a lot of time or experience yourself. The whole concept of crypto copy trading revolves around the idea of identifying successful traders and mimicking their actions. Cryptocurrency copy trading is an automated strategy that lets one copy an experienced trader’s trading methods. This enables one to buy and sell crypto assets to earn profits without putting in Hello friends!This video will give you another opportunity to trade like a pro. It is a very good feature at bitget crypto currency exchange which provides i Copy-trading platforms aim to democratize trading and make lucrative strategies available to new investors, who can automatically mimic the trades of more experienced traders. This allows novices PrimeXBT. PrimeXBT is a popular margin trading platform that offers access to the Covesting copy trading module – a peer-to-peer copy trading community. Followers can automatically copy the trades of top-ranked strategy managers who currently show as much as 4,000% ROI. PrimeXBT also recently was awarded the “Most Trusted Crypto-Asset Copy Trade with AvaTrade Australia. We offer you a good choice of some of the most well established copy trading services. We also collaborate with signal providers to get you market alerts and trading notifications. Here are the products we offer: ZuluTrade – With a large variety of signal providers to choose from. Le copy trading est un service de management de portefeuille, fourni par eToro (Europe) Ltd., qui est autorisé et régulé par la CySEC. L’investissement dans les crypto-actifs n’est pas régulé dans certains pays d’Europe et au Royaume-Unis. Il n’y a pas de protection des consommateurs. Votre capital court un risque. Quite simply, copy trading involves copying trades made by one specific trader. On the other hand, mirror trading is when a trader uses algorithms to determine the best general strategy based on the actions of a group of traders. And moving from specific to general, social trading involves observing the trading behavior of other traders (expert Copy trading can be an effective way to make money. It allows you, as the investor, to mimic the actions of experienced traders. This means that you can begin to make profits without needing any prior experience or knowledge of markets or trading. With copy trading, you can venture into markets that you’d otherwise avoid, knowing that you Crypto day trading and Scalping. A crypto day trading strategy allows the trader to take full advantage of cryptocurrency assets’ price volatility. As mentioned earlier, virtual assets are currently extremely volatile, which works to the advantage of a day trader. The crypto day trading strategy is a game of numbers strategy. Binance Copy Trading review. This article reviews the Binance Copy Trading features and their pros and cons. If you are new to the Cryptocurrency world, stick with me because it might save you a great deal of time and perhaps save your assets from unaccounted risks. The Cryptocurrency market has been one of the hottest market trends for the The crypto social trading model is very similar to traditional financial trading systems, which have earned millions in profits to hedge fund investors. With the advent of crypto and the evolution of fintech, everyone can try their skills. Furthermore, the social signaling by crypto communities can effectively drive individuals to open trades Contract Trading Simplified. Tutorials. On Nov.

Best Crypto Copy Trading Platforms & Social Networks: 2023 Reviews

Best crypto copy trade platform.

Unlike most platforms, eToro has advanced social trading features that allow for easy interaction with many others. It is equipment with plenty of social trading tools with the ability to deeply analyze each trader and trading strategy under its Copy-trade platform. eToro is comparable to the popular LinkedIn network, allowing users to drop comments on the assets they trade, like comments, and follow other eToro traders. The platform features a News Feed button similar to a news feed on any social network.

Copy trading is covered under eToro’s CopyTrader umbrella. It’s a more passive style of trading. This feature allows investors to enter into crypto positions of other verified traders automatically. CopyTrader is quite beneficial to beginners who know little about the market but want to analyze the trading strategy of other traders and also profit from it. Once it’s set up, the trader benefits once the investor profits. There’s a $200 minimum to copy trade on eToro. eToro allows traders to diversify their portfolios across top-performing industries or sectors through its CopyPortfolio feature. The in-house asset management functionality automatically rebalances an investor’s investment basket to generate the highest possible yield.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

A strong attractor to the eToro platform is its ease of use. The platform is highly user-friendly compared to other platforms and traders can get started in as little as 10 minutes. As for the minimum investment, US and UK investors can get started with as little as $10. There is also the unique option to practice copy-trading using the cryptocurrency demo account.

Fees are charged at a 1% commission above the bid or ask price. Besides this, eToro does not charge for copy-trading others. Deposits are free, and traders can fund their accounts with multiple payment solutions, including a bank wire transfer, credit/debit card, PayPal, Skrill, and Neteller. Overall, eToro is our top crypto copy trading platform that is undoubtedly the most popular due to its robust regulation and wide range of crypto products. For more information on eToro’s social platform and features, read our full review or visit the eToro website.

Large social trading network Sufficient research on each trader No fees on social trading feature Offers CopyPortfolio and CopyTrader Low trading fees.

There is a $200 minimum deposit.

Disclaimer: 78% 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.

2. KuCoin – Best Copy Trade Platform With Crypto Bots.

KuCoin is our next best alternative to eToro on our list of the best crypto copy trading platforms. The broker ranks among the largest cryptocurrency platforms by daily trading volumes. KuCoin offers a selection of over 600 cryptocurrencies for users to buy, sell, and trade and is one of the best altcoin exchanges. The platform is home to millions of customers, providing several ways for users to profit from cryptocurrencies – including staking and lending services.

KuCoin’s primary social trading feature is KuCoin S. The social and copy trading platform provides market information for traders, including new coin listings, crypto market news, trending coins, market trends, and more. It was established in October 2021. The trading platform is a hub for investors looking to access high-quality information to make better crypto copy trading decisions.

As expected, KuCoin S allows traders to share posts and insights on the market, comment on posts, and interact with other traders directly. Investors looking to buy crypto directly will also be able to do so using KuCoin S. Even better, the feature removes the need for an order type – a user can simply choose a coin, tap the “buy” button, input their passwords, and enter the purchase amount. One of the few limitations we found is the social platform is limited to the mobile app only.

KuCoin also provides copy trading services via its list of crypto trading bots. The crypto trading bots are automated trading systems with customizable strategies. The platform has a leaderboard where seasoned professionals are ranked based on their success rate and performance. Anyone can copy the trading bots and profit from them. KuCoin’s copy trading bots don’t have a minimum trade balance requirement. The operators of copy trading bots on the platform are free to set their parameters. Anyone can copy the trading strategy or make edits based on their preferences.

As for fees, the KuCoin copy trading bots charge based on KuCoin’s spot trading fees. Depending on an investor’s trading level and volume, fees can vary between 0.025% and 0.1% on the copy trading bots. At the same time, users can enjoy 20% discounts on fees by paying with the broker’s KCS token. In short, KuCoin is one of the cheapest copy-trade platforms for crypto. For more information on the fees, read our KuCoin review.

Simple to use crypto trading bots Low trading fees for the major crypto pairs There is no minimum trade balance Leverage off the exchange’s high trading volumes and liquidity.

Possibly misleading return performances Accessible on mobile app only.

3. PrimeXBT Covesting – Best For Discounts on Copy Trading Fees.

PrimeXBT is a multi-asset broker that focuses on its crypto margin platform with a derivatives market. The broker is especially popular for providing high leverage (up to 100x) for accredited traders. Launched in 2019, PrimeXBT offers an impressive feature set – including trading, staking, and even a referral program for traders. PrimeXBT also features a peer-to-peer crypto copy trading platform via its partnership with financial software provider Covesting. PrimeXBT Covesting is a crypto social and copy trading platform where inexperienced investors can connect with successful traders. The platform has a transparent structure where traders can showcase their copy trading skills to others.

Using PrimeXBT Covesting, new traders can piggyback on the strategies of the top crypto traders on PrimeXBT. This way, the copier can profit when the experienced trader profits. The experienced trader gets a slice of the follower’s profits. This copy trading differs from many of the platforms we’ve reviewed. For instance, experienced traders create a set of “Strategies” which others can copy. A follower can copy multiple strategies at once.

Covesting provides all the necessary data that traders need to sift through before making decisions on copy trading strategies – including rankings on parameters like profit history and risk management. Traders can also choose who to follow based on active The minimum deposit amount on PrimeXBT’s Covesting feature is 0.01 BTC or its equivalent.

As part of our review on PrimeXBT, the broker also charges a 1% entry fee for the service , while copy trading commissions start from 0.0001%. Further discounts on trading fees are available to traders who pay using the platform’s COV token on PrimeXBT. This makes PrimeXBT one of the cheaper crypto copy trading platforms when the discounts are taken into account. However, there is a fee to use the copy-trade service unlike eToro which is free.

Investors can copy multiple strategies at once The interface is quite easy to use Discounts on fees for COV holders Attractive incentive structure.

PrimeXBT charges an entry fee and a commission.

4. Phemex – Copy Trading Platform For Crypto (Beta)

Phemex is an advanced cryptocurrency copy trading platform with over two million active users globally. The exchange has built a name for its simple user interface, ease of buying cryptocurrencies and zero-trading fees for specific crypto pairs. The platform offers several trading options for copy traders. Investors can buy their favorite cryptocurrencies via spot trading, futures, and the P2P marketplace. Traders can also fund Phemex accounts using debit/credit cards, bank wire, and crypto deposits. Phemex features some elements of social trading via its copy trading option. However, the exchange’s copy trading feature has fewer features and expert traders to copy.

The copy trading page shows a list of expert traders, their followers, monthly ROI, and their total balance. Copy traders can also view their total profit and loss (P&L) and the monthly P&L. The trader’s profile page shows these data in greater detail. In addition to analyzing their results, investors can also view their current positions, assets invested in, and historical trading data. This gives investors a sense of what they trade on, average returns, and much more.

One thing to note is that Phemex’s copy trading is still in its initial product launch phase. Investors can follow traders, but they can’t copy them yet. The exchange plans to enable the copy feature soon. Less than 40 professional traders are available on the copy trading feature. But, this could change in the future once the full platform has been launched.

Another drawback is the fees associated with copy trading on Phemex. Platforms like eToro allow investors to copy the trading strategy for free. Phemex charges customers an extra fee per copied trade and a 5% on profits above €10. It’s unclear if Phemex’s copy trading feature would charge a fee once the product is live. While Phemex makes this list based on its reputation as a top crypto exchange, the social copy trading platform is still in its infancy, the fees are quite expensive and not allowed in the USA as identified in our Phemex review.

User-friendly Offers multiple payment methods Comes with multiple data on traders Allows copy trading for spot, futures, and more Built-in social media structure.

Possible fees in the future Copy trading is not yet live.

5. BingX – Best For Copy Trade Livestreaming Sessions.

BingX, or initially founded as Bingbon, is a Singapore-based broker for beginners and advanced traders. The broker offers access to over 250 cryptocurrencies on its platform, enabling easy crypto swaps and trades for all of the coins on its platform. Built into the BingX platform is a social copy trading network that aims to deliver “smart investing” to its customer base.

The platform’s Feed section acts as a timeline of posts and insights from traders from all over the world. Copy traders have the opportunity to post and interact with each other via an easy-to-use interface. Interestingly, the Feed section provides an opportunity for traders to post some of their current open trades – and for others to copy these trades directly. The flexibility and ease of use are quite unparalleled in the crypto industry.

We also love the fact that the profile page of each expert trader is very comprehensive. The platform gives users access to the trader’s current position, ROI, assets traded, followers, win ratio and others. These details are also represented with rich data, making the page appealing to copiers. There is the option to switch from the trader’s data page to their feed and toggle between their performance and updates. This is a great feature to learn and profit simultaneously.

Like eToro, for those that are not ready to try the copy trading feature with real funds, BingX has a demo account for crypto traders. The practice mode can be used to test the copy trading option that makes it an ideal pick for beginners. Moreover, there’s no minimum deposit balance on BingX Copy Trading. However, there are two fees for using BingX’s copy trading feature. The first is the 0.045% crypto copy trading fee and BingX also takes an 8% share of the daily net profit which is a major negative compared to other copy-trade crypto platforms. For more information on the benefits of the platform, read our full BingX review.

Includes a demo mode to test out the social crypto platform API for other exchanges to use.

No minimum balance Splits traders according to the risk profile User-friendly.

6. NAGA – Top Crypto Copy Trading Platform for Beginners.

NAGA is another multi-asset broker that provides access to the crypto space. The Germany-based exchange was founded in 2015. The platform has an active social trading network of over 1 million traders who trade and collaborate on copy trading strategies for cryptocurrencies, stocks, indices, commodities and more. Like the other crypto social trading providers in this list, NAGA’s social and crypto trading platform has a simple news feed feature where investors can access market developments and insights. As expected, traders can post trade news, engage with others and share their success stories and crypto trading strategies on the news feed.

NAGA’s traders have a public profile that can be updated manually by the trader. Copiers can view the trading history, performance, and other notable metrics of other users’ profiles. The profile is incredibly powerful, with integrations for MetaTrader4 and MetaTrader5. Social traders can easily transfer their trade history from these platforms to NAGA to build their influence.

Autocopy is the copy trading feature on NAGA that allows copiers to find a profitable crypto trading strategy and imitate the moves on the platform. Copy traders who want to replicate the trades of others have access to a leaderboard that ranks the seasoned traders on NAGA. Investors can filter top traders based on their trade assets, performance, asset under management, win rate and crypto copy traders more. Once they find a preferred option, they can copy trades and allocate funds.

The minimum deposit for copy trading is €250. Autocopy supports all 28 cryptocurrencies on NAGA. Traders can copy an unlimited number of trading strategies and even pause trading at will to take profits. As for the copy trading fees, NAGA charges a fixed €0.99 ($0.91) per trade. It also takes an extra 5% on profits above €10.00 ($10.130) from the copied trade which is quite expensive compared to our top pick, eToro.

Regulated broker Large social trading platform with millions of traders Intuitive filtering system for finding top traders Offers multiple payment methods Straightforward pricing structure.

5% fee on profits High minimum deposit.

Coinmatics – Best For Seamless Integration with other Brokers.

Coinmatics is unlike other copy trading platforms in our comparison as it is not exactly a cryptocurrency exchange or broker. Coinmatics is a fully-fledged signals subscription service and one of the best crypto copy trading. It works by connecting to a cryptocurrency copy trading account via an API key to Coinmatics. This allows the platform to make trades on the person’s behalf when initiating a copy-trade position. The downside of this approach is the number of supported exchanges that can be linked. At the time of writing, Binance can only be integrated into Coinmatics which is the biggest exchange in the world. Although, it does not give the flexibility to copy-traders that have accounts with other crypto exchanges.

Coinmatics runs a subscription model that includes a free plan with a $1,000 transaction limit. Once a trader executes orders up to $1,000, they won’t be able to copy trades from the platform which is a limitation to be aware of. The other paid options range from $15/month to $30/month. In addition to the transaction limits, Coinmatics subscription plans are also differentiated based on certain features. Such as auto alignment, prioritized copying and coin blacklist.

Coinmatics allows traders to set the parameters for anyone looking to copy their strategies. Such parameters like minimum deposits will usually depend on factors like the subscription fee, the Coinmatics plan the user is on, and the minimum deposit on the exchange connected to the user’s account. As a dedicated copy trading service, Coinmatics allow traders to copy multiple positions in a single portfolio. Copy traders can replicate positions in futures, leveraged tokens, and tokenized stocks which is a more diverse offering than other crypto social platforms.

Dedicated copy trading service Simple and easy to use Free strategies available Investors can copy multiple strategies Quick and easy sign up process.

Requires configuring third-party integration Fee structure varies.

8. ZuluTrade – Best Crypto Copy Trading Exchange with No Minimum Balance.

ZuluTrade rounds up our list of the best crypto social trading platforms available in the industry. ZuluTrade is a clever copy trading platform owned by the FINVASIA Group – an Indian fintech company headquartered in Punjab. ZuluTrade provides access to different assets – ranging from stocks, forex and contracts for difference (CFDs). Investors can only access copy trading features for 6 digital assets only using ZuluTrade.

The platform’s copy trading account comes loaded with many social network elements. Traders have a profile where they can state their influence and build status on the platform via their updates and performance data. The platform has integrations with MetaTrader, which allows traders to import their trade results to boost their status on ZuluTrade.

ZuluTrade incorporates the hashtags and trends in its news feed, which enables users to search and filter through the social feed. So if an investor is looking to find specific posts related to certain topics, they could search for them in the trends section and find what they’re looking for. The social feed allows investors to follow specific topics, comment on posts, request updates from traders, and view other traders’ profiles, where they can find all the necessary information to perform their due diligence. Once research shows that a reputable trader is worth copying, other users can proceed to mirror their trades.

Copy traders can access several impressive features on ZuluTrade. These include a simulator that helps traders test the efficacy of their trading strategies based on their account settings. They also have the ZuluGuard – a protection feature that safeguards traders from erratic trades and applies proper risk management to trades. ZuluTrade has no minimum trading amount for copy trading crypto.

Demo account available No minimum deposit MetaTrader4 integration Offers social feed Presence of ZuluGuard.

Low selection of coins.

Top Crypto Social Trading Exchanges Compared.

The list below compares and ranks the best crypto platforms to copy-trade and join a social community based on factors such as the supported crypto assets and fees. For more information on the individual crypto social platforms, click on the review links.

eToro.

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, “Virtual currencies are highly volatile. Your capital is at risk.”

KuCoin.

Prime XBT.

Phemex.

BingX.

NAGA.

Coinmatics.

ZuluTrade.

What Is Social Trading Cryptocurrency?

Social trading is a form of investing that is based on the principles of community-based input and interaction of shares. It leverages communication, exchange of knowledge, mutual help, and partnership of the traders. Social trading allows investors to learn from their experienced counterparts by observing and replicating their analyses.

Social trading platforms operate like traditional social media networks. Traders can build a profile, connect with other traders, post updates, and have meaningful conversations with others in the community. With traders able to follow each other, these crypto platforms provide a proper forum for discussions and learning. Social trading in crypto gained prominence following the launch of eToro.

What Are The Benefits of Using A Crypto Social Trading Network?

The best social trading platforms provide a community where investors can interact and monitor the activities of others. Traders can share insights and market information, enter into positions, and focus on turning a profit – together. Social trading is very beneficial to new and seasoned traders alike. It provides a possibility for beginners to enter the market with no experience. They can simply observe and replicate what successful professionals are doing.

Experienced traders also benefit from money and status, as most social crypto platforms have a leaderboard that ranks expert trades on popularity and success rate. Some exchanges also reward traders with bonuses every time their traders are copied.

How Do Social Trading Platforms Work?

A social trading platform is a place for communication and information exchange. It establishes a link between beginners and expert traders to foster discussions. A social trading platform usually has the following members:

Experienced traders: They supply signals, share most of the insights on the platform, and can contribute to the ideas of others. Users/Novice traders: They have the opportunity to learn from their seasoned counterparts to grow their skills and income in the process. Exchange/Brokers: A crypto exchange/broker ensures order execution and provides access to instruments for social trading.

Much of the social trading in the crypto space is done via cryptocurrency exchanges and brokers. Some platforms have an element of social trading, while others like eToro are built on social trading. In the case of eToro, copy traders can view each others’ profiles, post updates, learn and share ideas, and, more importantly – replicate the trades of successful traders on the platform.

Besides the learning opportunities, social trading platforms like eToro allow investors to access important trade data on their preferred markets. These details help an investor gain insights into what the market thinks about an asset before establishing a position.

Moreover, investors can also use social trading networks to gauge market sentiment. Since data about traders’ positions are public on social trading networks, it becomes easy to see what the majority are doing and factor that into an investment decision.

What Makes Social Trading Different from Regular Trading?

The primary distinction here is social trading’s focus on community-driven trading strategies. Regular cryptocurrency trading is more of a personal journey. A trader heads into the market to make decisions based on their research. They profit from their insights, technical analysis, and knowledge about the market.

On the other hand, social trading involves collaboration and insights from others, in most cases, an experienced trader. Trading cryptocurrencies alone can be lonely sometimes, but it doesn’t have to be. Besides learning and sharing ideas with others to lock in more profits, social trading makes cryptocurrency trading fun as it creates a bond between traders who meet regularly to collaborate and share ideas.

What Is Copy Trading?

Copy trading is an aspect of social trading. Copy trading goes beyond observing an experienced trader’s strategies. It involves mimicking their moves to profit when they do. The best crypto copy trading platforms allow copy traders to imitate the trades of reputable, seasoned traders. This way, newbie traders can simply automate their trading by following traders with a winning track record and profit from their strategies.

The best copy trading platforms like eToro make it easy for beginners to replicate the strategies of seasoned traders. On eToro, investors can search for traders based on the asset they invest in, performance, copiers and assets under management, risk rating, and trading stats.

Copy Trading vs. Social Trading – What’s The Difference?

These two terms are often used interchangeably and for good reasons. Social trading is a type of dealing that allows investors to learn from other professional traders. It includes a lot of the elements that are found in social media networks. Investors can create profiles, post updates, follow others, access market data, and copy trades.

On the other hand, copy trading is a form of social trading. Copy trading allows users to ‘copy’ the trades of others. While social trading encompasses the whole trading network, copy trading is a subset of that network. One prominent similarity between both concepts is that they both benefit beginner traders. A newbie trader can easily learn and profit from social and the best crypto copy trading platforms. This allows the investor to actively trade crypto and profit from the knowledge and insights of others.

How To Use A Crypto Social Trading Platform – Full Guide.

Now that we understand how social trading works, let’s examine how to get started with eToro – our best platform for crypto-social trading.

1. Create an account with a copy trading platform for cryptocurrency.

The first step is visiting eToro’s home page and clicking on the “Start Investing” button. Investors can sign up using their Google or Facebook account – although Google seems the most straightforward option. Alternatively, they could enter their username, Email address, and password directly to sign up. Users can verify the account by clicking the link sent to their Email, and their account will be authenticated.

2. Complete ID verification & deposit funds.

New users can verify their identity by sharing a government-issued ID. They might also be required to share a utility bill or a copy of their bank statement. Usually, this step is concluded in a few minutes on eToro. After verification, traders can make a deposit. To do this, visit the profile icon and click “Deposit Funds”. Choose a payment method and outline how much to deposit.

Payment methods on eToro vary. Investors can choose wire transfers, payment processors, digital wallets, or cards. Note that the broker allows traders to deposit at least $10, and eToro doesn’t charge for fees deposited. Click on the “Deposit” button to complete the process.

3. Navigate to the CopyTrader section.

Next, investors can head to the “Discover” tab on their profile page. Scroll down until you see “CopyTrader” and click on the page. Here, there is a list to see top crypto traders and filter them based on location, assets traded, performance, assets under management and trading frequency. Once an investor whose risk appetite suits, simply click on “Copy.”

4. Enter in crypto trading parameters.

After settling on a trader, the next step is to choose the trading parameters. These include how much to allocate and the price point to stop copying the trader. This is the equivalent of the “Stop loss” feature in traditional trading on a centralized exchange. Click “Copy” and review the terms again. From there, open the positions, and everything is set.

Frequently Asked Questions.

Which is the best trading platform for cryptocurrency?

Based on our research, eToro is the best crypto social trading platform to use in the market right now. The broker is easy to use, allowing traders to enjoy social trading at no extra cost for the copy-trade service.

What is the safest social trading platform for crypto?

Many trading platforms have security measures in place. eToro is one of the best crypto social trading platforms because the broker protects user funds using advanced encryption and two-factor authentication (2FA). eToro also protects customers’ data using data masking.

Why use a crypto social trading platform?

Social trading is a trading pattern based on a community-first approach. With social trading, a group of crypto traders and investors can connect to discuss ideas, have conversations about their markets, and possibly make trading decisions based on their interactions with other traders.

Conclusion.

Social trading is an impressive addition to traders’ behavior in the crypto market. Thanks to the best crypto copy trading platforms, traders now have a better way to interact, share ideas and make profitable trades. Looking to get involved in the crypto social network or copy-trading scene? We recommend our top pick eToro. The broker’s CopyTrader and CopyPortfolio features provide an easy and effective way to mirror the moves of experienced traders, and it is available at no extra cost.

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Searching for the right exchange to day trade? This article will narrow down the best crypto exchanges for day trading based on important factors.

Updated Dec 31st, 2022.

7 Best Crypto Portfolio Trackers For 2023.

Finding it hard to keep track of your crypto assets? We review the best crypto portfolio trackers and apps to manage a portfolio in one location.

Updated Dec 30th, 2022.

9 Best Crypto Apps For 2023 – Tested & Compared.

Looking for a crypto app? We list and review the best crypto apps for buying, lending, earning interest and monitoring crypto portfolios.

Updated Jan 2nd, 2023.

8 Best Fiat To Crypto Exchanges 2023: crypto copy trading strategy Where To Convert Cash To Crypto.

Looking for the best way to convert fiat into crypto? We have found and compared the best fiat to crypto exchanges in this article.

Kevin Groves.

Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. In 2019, he started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

O (💙,🧡) 🛸 (@4LirezaTrader) Twitter Tweets • TwiCopy

How to copy crypto traders.

#StarkNet #ZkPad #Alpha #ZigZag 🙂 #WEB3.

calendar_today 06-01-2021 14:31:40.

محسن برهانی.

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ابتدا تو را نادیده می‌گیرند، بعد به تو می‌خندند، سپس با تو می‌جنگند و در نهایت تو پیروز می‌شوی.

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S E P I D.

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جمهوری اسلامی یه‌جوری از ۲۹ و ۳۰ دی ماه وحشت داره که اگه راه داشت کنکور رو آنلاین برگزار می‌کرد ولی اجازه نمی‌داد اون حجم از جمعیت میلیونی بیان بیرون. رسماً خودش به ما یک فراخوان اجتناب ناپذیر داده! #مهسا_امینی #IRGCterrorists.

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Alpha Insiders.

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🚨 Alpha Insiders’ Early Users NFT is Live.

If you were one of many people who believe in us and joined our discord, copy trade in crypto you are able to free-mint a unique NFT called ’05 00 AM’ which refers to being early and the number of NFTs, aplikasi copy trading crypto terbaik But that’s not all🤩

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Layer3.

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Welcome to your 2022 Layer3 Wrapped ⚡️.

Let’s explore your on-chain and off-chain activity with us this year…

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محسن برهانی.

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کسانی‌که در این اوضاع طرح‌های من‌درآوردی، سخیف یا غیرقانونی در خصوص #حجاب را پیشنهاد یا اجرایی می‌کنند یا جاهلند یا خائنند یا احمق.

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4lirez4.crypto (💙,🧡) 🛸

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Iranian Arts.

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نمایی هوایی از پارسه.

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محمود صادقی.

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ارزش پول ملی را دربرابر ارزهای خارجی پایین می‌آورید بعد قیمت‌های داخل و خارج را با هم مقایسه می‌کنید! خودتان کودن هستید یا مخاطب را کودن فرض می‌کنید؟!2 years ago

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Iranian Arts.

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نمای بیرونی کاخ دروازه‌‌ی ملل، پارسه.

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Layer3.

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🎄Spread some crypto cheer this Holiday Season🎄

Join our latest Quest for a chance to win a pair of Airpod Pros!

Don’t miss out on this holiday fun 🎅 l3.xyz/AirpodGiveaway.

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Layer3.

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This Christmas, we’re celebrating the OGs.

Verify that you made a transaction before the merge for where can i copy trade a chance to win a Ledger Wallet 🎅

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Vahid Bahman وحید بهمن.

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هر دلار در اوایل ۱۳۵۷ خورشیدی: ۷ تا تک تومانی.

هر دلار امروز: بیش از ۴۰,٠٠٠ تومان.

بعد فرومایگان پلشت حتی منت چهار تا پسته و بادام کرمی که صدقه می‌دهند را هم سر مردم می‌گذارند.

تف به ذات‌تان که در مرکز تاریخی آجیل جهان، پسته و بادام و . شده خدا تومان و غیر قابل خرید برای مردم.