12 Best Crypto Copy Trading Platforms & Apps in 2024

That’s not to say there aren’t any fees though — you will still be charged spreads on the trading and/or transaction fees where applicable. For reference, there is a 1% fee applied to both buying and selling cryptoassets. This fee is incorporated into the market price, also known as the bid-ask spread, which is the difference between the buying (bid) and selling (ask) prices. Unlike traditional managed portfolios that often come with management fees, eToro’s CopyTrader incurs no additional charges.

Crypto.com and Binance are popular cryptocurrency exchanges, and we need to pit them against one another to see which one is in the lead. As we have mentioned, quite a few companies in the sector offer free trials, so we advise that you take advantage of these to decide whether the copy trading platform is the best option for your requirements. From guides and tips for investing in crypto to building a cryptocurrency portfolio, we’re with you every step of the way.

Some of the top crypto copy trading platforms include Bybit, Bitget, eToro, Binance, and OKX. Each platform has its own unique features and benefits, so it’s important to research and choose the one that best suits your needs. Copy trading is essentially like having a talented friend who is a wizard in the kitchen.

The platform offers a copy trading module, in which you can browse through the list of top-performing traders, and copy the strategy that resonates with you. BYDFi offers a demo mode that allows you to make practice trades using real market statistics. AvaTrade, a globally recognized brand established in 2006 and headquartered in Ireland, is regulated by nine Sec Proposal Targets Crypto Exchanges financial authorities worldwide. Known for its broad asset offerings and superior educational resources, AvaTrade is an excellent choice for copy trading. It conducts over 2 million trades per month with a trading volume exceeding $70 billion, making it an ideal platform for traders interested in diverse financial markets beyond just cryptocurrencies.

Zero spot-trading fees and frequent promotions for traders are distinctive features. Bybit is the best crypto copy trading platform as it lets you find traders to copy, automatically open and close your trades, and watch your crypto balance grow. Expert traders can profit by allowing Bybit users to copy their tactics and deals. Bybit connects expert traders with beginners for a win-win crypto trading experience. These individuals opt to replicate the trading strategies employed by seasoned investors on the platform. By aligning themselves with these experienced traders, followers effectively delegate their trading decisions, placing trust in the expertise and established track records of those they choose to follow.

Through copy trading platforms, traders share their trading history and performance, enabling others to make informed decisions about whom to follow. By replicating the trades of proficient traders, investors aim to duplicate their success and enhance their own investment returns. Copy trading platforms have revolutionized investing by enabling investors to automatically mimic the trades of seasoned traders with just a few clicks. With a plethora of platforms to choose from, selecting the right one can seem daunting.

Now without further ado, let’s check out nine top platforms for 2024. Cryptocurrency activities like purchasing, trading, holding, and selling have inherent risks. CoinSutra and its writers are not responsible for any investment losses from acting on website or social media content. What I really like here is, if you know anyone of your good friend who is pro in trading, you can ask him/her to create an account on Finestel and let you copy this trade. They can also setup a performance fees which will help them to make extra money from the trading. Keep an eye on how the traders you’re copying are doing by routinely tracking their performance.

The reality is that if you want to do well with your cryptocurrency investments, you’ve got to know a lot about the market, and what it’s doing. Platforms like this are going to help you improve your trading skills, so that you can eventually develop your very own trading strategies that you can share. There are a number of different factors to consider if you want to make some serious money from copying trades. Obviously, this means that if you have connected your portfolio to a seasoned trader, who is known for being successful, you could end up being successful as well. The good news is that everything is automatic, so once you have selected your trading strategy, you can test it out for free, before you implement it with your cryptocurrency coins.

You opt to copy a veteran trader on a cryptocurrency copy trading platform. If they decide to use 10% of their portfolio to buy Bitcoin, your account automatically allocate 10% of your funds (100 USDT) to make the same buy order. Similarly, if they sell a certain percentage of Ethereum, your account will replicate the sale proportionately. Your portfolio mirrors the actions of the trader you’ve chosen to copy, reflecting their approach within the limits of your 1000 USDT investment. Coinmatics is a copy trading platform that allows users to replicate the trades of successful traders across multiple exchanges.

Kryll has a reasonable pricing structure, charging users 1% of the capital traded. I have over 15 years of experience turning Wall Street and policymakers’ chaos into prose. I may be late to the crypto party, but I bring the curiosity of a wide-eyed newcomer to the crypto sphere. I’m most interested in the crossroads between cryptocurrencies and the wider economy. When not working, I’m either playing soccer, cricket or my PlayStation.

• Becoming a professional trader on the OKX crypto exchange can help you earn an ideal passive income.
• This union helps you to enjoy the power of social trading directly inside the PrimeXBT exchange.
• Even if you’ve analyzed the signal provider’s historical performance and found it to be consistent, keep in mind that their investment strategy may vary day-to-day in frequency and/or volume.
• Copy trading is legal in most countries, as long as the broker itself is properly regulated.

The best copy trading platform depends on your trading goals and preferences. When choosing, consider market liquidity for smooth trades, and whether it has a range of cryptocurrencies for a diversified investment portfolio. It’s also important to assess fee structures, security features, and trader quality on the platform to meet your objectives and manage market risks effectively. Kryll is a crypto copy trading platform offering various features to deliver automated trading. Users can copy strategies without manual intervention by opening a free account.

MEXC has more than 1,500 traders to copy from and a variety of metrics to help differentiate the traders. You can rank traders by their win rate, seven-day return on investment (ROI) and total profit and loss. Crypto copy trading can be profitable if done well and with caution.

An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Instant backfill bias is just one example of the challenges social trading technology developers face if they permit traders to instantly upload their entire trading history at the click of a button. Copy trading can be good for beginners, provided they learn the basics and approach copy trading the same way they would any other self-directed trading account.

If you want to get higher returns by taking more risks, the best crypto futures exchanges are more suitable for your risk profile. Copy trading is not the only way to trade crypto using automation tools, arbitrage scanners also offer methods to make profits. A crypto signals platform with an edge, Zignaly scans hundreds of crypto exchanges to aggregate the highest quality trading opportunities from bots and skilled manual traders. Using social profiles, strategy history, and other quant data, they rank strategies based on risk-adjusted returns.