Want to invest without the hassle of constantly researching the market? Copy trading is your answer! Simply select a skilled trader to mimic and determine your investment amount. From then on, all their trades will be automatically replicated in your account. This 2024 guide highlights the top crypto platforms for copy trading, helping you kickstart your journey in just five minutes. Discover the ease and efficiency of this investing method today!
- Top Crypto Copy Trading Strategies to Follow?
- Which Crypto Copy Trading Platforms Are Worth Checking Out?
- How to Start Trading in Cryptocurrency?
- Can Crypto Copy Trading Generate Profitable Returns?
Top Crypto Copy Trading Strategies to Follow?
Looking to copy trade crypto in 2024? Consider these top platforms for seamless, efficient trading. Maximize your returns with the best in the market.
- Kraken – Unbroken Security Record Since Launch
- eToro – Leading Social Trading Platform with CopyTrader Tools
- PrimeXBT – Build a Diversified Copy Trading Portfolio
- OKX – Great Option to Copy Trade Crypto Futures
- Bybit – Leading Derivatives Platform With High Leverage Limits
- MEXC – Follow Traders Who Buy and Sell New Crypto Assets
- Binance – Largest Copy Trading Platform for Daily Volume and Liquidity
- BTCC – Overall Best Copy Trading Platform in 2024
- Gate.io – Copy Automated Bot Strategies for 24/7 Crypto Exposure
Which Crypto Copy Trading Platforms Are Worth Checking Out?
Discover how copy trading platforms operate, exploring essential factors like fees, market support, standout features, security, and reputation. We break down each element to help you make informed decisions in the crypto and finance space.
BTCC
BTCC stands out as a leading cryptocurrency trading platform, blending cutting-edge features with user-friendly design. It offers a robust trading environment catering to both crypto novices and experts. BTCC’s commitment to security, complemented by round-the-clock customer support, ensures a smooth trading experience. Furthermore, the BTCC Academy bolsters this experience with a comprehensive educational program. By prioritizing user satisfaction, BTCC fosters a secure and knowledgeable trading community across multiple digital assets. A notable highlight is BTCC’s proprietary copy trading system, which provides exceptional services for digital currency transactions, further enhancing its appeal as a top choice for digital asset investors.
Kraken
Millions of investors worldwide trust Kraken, a tried and tested platform with an unblemished security record since its establishment in 2011. Ranked as the 6th largest crypto exchange by 24-hour volume, Kraken offers trading for 246 different cryptocurrencies. Beyond its extensive crypto options, users can explore staking facilities, margin trading, and NFT markets, making it a top choice for those seeking diverse features and unparalleled safety. While Kraken doesn’t have a built-in copy trading tool, it supports the integration of third-party trading bots. This allows investors to mirror the strategies of successful traders, potentially enhancing their own trading outcomes. For a deeper dive into this topic, don’t miss our article on crypto trading bots. Kraken offers multiple purchase options for cryptocurrency, including debit/credit cards, bank transfers, Apple Pay, and crypto deposits. With card purchases, a 3.75% fee applies, whereas bank transfers are charged at a lower 1.5%. Trading on Kraken follows a maker-taker fee structure, rewarding high-volume traders with reduced fees. This flexible approach caters to a wide range of investors, making Kraken a popular choice in the crypto market.
| Copy Trading Platform | Established | Trading Fees | Profit Share? | Minimum Investment |
| Kraken | 2011 | Make-taker structure. Starting from 0.25% dependent on 30 day trading volume. | N/A | None |
- Pros
- Trusted reputation with impeccable security record
- Wide range of different cryptocurrencies
- Margin trading, staking and NFT marketplace available
- Allows the connection of third party trading bots
- Cons
- Some features unavailable in certain US states
eToro
Looking for a reliable crypto copy trading platform? eToro stands out with its strict regulatory compliance. Holding tier-one licenses from FINRA, FCA, and ASIC, eToro ensures your capital’s safety. What’s more, it offers a vast selection of copy traders, easily narrowed down through filters like ROI, monthly gains/losses, risk rating, and preferred markets. And with support for top cryptocurrencies like Bitcoin, Ethereum, and more, as well as stocks, ETFs, forex, commodities, and indices, eToro provides diverse investment options. Plus, no extra fees for copy trading – just standard commissions apply. Exploring crypto copy trading platforms, eToro stands out with a 1% per slide fee on crypto trades, surpassing others. For copy trading, a minimum investment of $200 is required.
| Copy Trading Platform | Established | Trading Fees | Profit Share? | Minimum Investment |
| eToro | 2007 | No additional fees to copy trade. Investors must cover trading commissions. Crypto buy and sell orders cost 1%. | No | $200 |
- Pros:
- Backed by a heavily regulated brokerage
- Thousands of copy traders to choose from
- No additional fees for copy trading
- Supports other assets, including stocks and forex
- Rated as ‘Excellent’ on Trustpilot
- eToro partnered with Twitter for accessible copy trading
Binance
If you’re seeking the biggest copy trading crypto platform by daily volume and liquidity, look no further. Handling billions of dollars in trades every day and catering to over 180 million users worldwide, this platform stands out. With thousands of verified traders signed up for its copy trading tool, finding a suitable trader based on key datapoints like profit/loss, return on investment, and assets under management is a breeze. Results can even be sorted across multiple periods, from seven days to three months. One trader who’s gained over 4,600% in the prior seven days, ‘Afternoon Sunshine’, is a prime example of the potential here. Each copy trader sets their profit-sharing commission, averaging at 10%, and there’s a minimum investment requirement that varies by trader. For instance, Afternoon Sunshine requires at least 1,000 USDT, while others may need just a few dollars to get started. Cover trading commissions starting at just 0.1% in the spot markets. You’ll need to consider these costs for your trades, ensuring smooth transactions.
| Crypto Copy Trading Platforms Reviewed |
| Binance established in 2017 offers futures and spot trading with commissions starting from 0.02% and 0.1%, respectively. The platform shares an average of 10% profit with investors, with minimum investments varying depending on the copy trading strategy chosen. |
- High Trading Volume and Liquidity: Attracts the largest crypto trading volume, ensuring ample liquidity.
- Wide Crypto Pair Support: Supports trading in hundreds of cryptocurrency pairs.
- Low Commission Rates: Offers profit-sharing commissions averaging only 10%.
- Spot and Futures Copy Trading: Allows users to copy trades in both spot and futures markets.
- Advanced Filtering: Provides numerous filters to help users find suitable traders to copy.
- High Minimum Investments: Some traders set high minimum investment requirements.
- Limited Availability: Copy trading feature is not accessible on the Binance.us website.
How to Start Trading in Cryptocurrency?
Learn how to easily copy trades using trading bots with our step-by-step guide. We demonstrate the process using Margex, a leading platform for crypto trading. Simplify your trading strategy and maximize profits – follow our tutorial today!
- Choose a Trader: Look at various traders’ past performances on Margex. Consider your risk tolerance and profit objectives, then select a trader who aligns with your strategy. A reliable trader should demonstrate consistent results and trade with caution.
- Click Follow: Once you’ve chosen your trader, click the “Follow” button. Margex’s software will seamlessly replicate all of their trades for you. You have the option to follow multiple traders if desired.
Choose an Amount: Determine the amount of funds you wish to allocate for copying the trader’s trades. Exercise caution while making this decision to ensure it aligns with your financial goals and risk appetite.
