Copy trading on cryptocurrency exchanges It is the interaction with other traders with the goal of replicating their trades in the cryptocurrency market and, ultimately, increasing their profits. The phenomenon is not entirely new; it has been known since 2007 and has also gained great popularity in cryptocurrencies because both sides benefit from it – experienced traders receive a percentage of the profits of those who copy their transactions.
In this article, the editors analyzed how copy trading (sometimes also called social trading, although these concepts are slightly different) works, on which exchanges this functionality is available, and what the conditions are for providing the service.
| Platform name | Link do site | Trading pairs | To enjoy | Verification | Order size for subscriber | Profit distribution | Trading Fees |
|---|---|---|---|---|---|---|---|
| Binance | binance.com/en/futures-activity/leaderboard | futuros BUSD, USDT, BTC, ETH, BNB, DOT, LINK, SOL, MATIC, AXS, LUNA etc. | up to 125x | sim | of 10 to 5000 USDT | up to 20% for the master (adjustable) | Spot: from 0 to 0.1%. Futures: from 0 to 0.06%. |
| Bybit | bybit.com/copyTrade | futuros em BTC, ETH, BIT, XRP, ADA, SOL, LUNA, MATIC, SAND, NEAR, ATOM, FTM, LINK, AVAX, AXS | Master – 25x to 100x, depending on the pair; subscriber – no more than 5x. | sim | of 10 to 1000 USDT | 10% for the master | Spot: from 0 to 0.1%. Futures: from 0 to 0.06%. |
| OKX | okx.com/negociação-social | contratos BTCUSDT, ETHUSDT, LTCUSDT, DOTUSDT, ETCUSDT, XRPUSDT, SOLUSDT, DOGEUSDT, ADAUSDT, EOSUSDT | 100x for BTC, 50x for other cryptocurrencies. | sim | Up to $1000 total for all positions. | 10% for the master | Spot: from -0.05 to 0.1%. Futures: from 0.005 to 0.05%. |
| cooperative | htx.com/en-us/futures/copy_trading | futures USDT, BTC, ETH, DOGE, SHIB, XRP, TRX, DOT and others. | up to 200x | For subscribers – no, for leading traders – yes | starting from 10 USDT | Up to 25% for the master (adjustable) | Spot: 0 to 0.2%. Futures: 0 to 0.06%. |
| Mexico | mexc.com | approximately 250 contracts | up to 100x | No | starting at $5 | up to 15% for the master | Spot: from 0 to 0.2%. Futures: from 0.014 to 0.06%. |
| BingX | bingx.com | Futuros USDT-M | up to 100x | No | of 5 to 1000 USDT | 10% for the master | Spot: up to 0.1%. Futures: up to 0.05% |
| Bitget | bitget.com | futuros (USDT-M, COIN-M) em BTC, ETH, BCH, LTC, EOS, XRP, ADA, AVAX, SOL, AXS, LINK, MATIC, etc. | from 2x to 125x | sim | of 10 a 3000 USDT | up to 10% for the master | Point: 0%. Futures: up to 0.05% |
| Phemex | phemex.com | ETCUSD, EOSUSD, ETHUSD, BTCUSD, etc. perpetual contracts. | up to 100x | No | starting from $1 USD (1 contract) | up to 20% for the master | Spot: up to 0.1%. Futures: up to 0.06% |
| Gate.io | Gate.io | over 100 different trading pairs | up to 10x | sim | starting from 100 USDT | 5% for the master | Spot market: 0 to 0.2%. Futures: 0 to 0.05% |
In addition to cryptocurrency exchanges, copy trading services are frequently offered by trading bot platforms, such as 3Commas , WunderTrading , Pionex , TraderWagon, etc. For more details, see the article.
Briefly about the main thing
- Copy trading is a process in which traders copy the trading strategies of others.
Successful users on cryptocurrency exchanges. This allows that beginners Avoid independent market analysis and reduce risks. - Exchanges of cryptocurrencies such as Bybit , OKX , cooperative , Bitget , Binance and others offer copy trading opportunities.
- The service is also often available alongside platforms. of trading bots .
- Traders whose strategies are copied typically receive a share of their followers' profits.
- When copying trades, it's important to choose to copy only proven and successful traders with a good trading history. All this information is provided by the platform.
- Copy trading doesn't guarantee profit, as even experienced traders can have losing periods. However, it's a useful tool for learning about trading and developing your own strategies.
Cryptocurrency trading copy
What is Copy Trading and Social Trading?
This approach is especially relevant for beginners who haven't yet had time to fully master the market and develop their own strategy. With the help of copy trading, you can earn as much as experienced traders by copying their trades.
Traditional trading requires studying markets, charts, and conducting research to form trading decisions. Copy trading is essentially a type of passive income.
How copy trading works:
- The concept is fully automated. The software needs to be configured and will automatically repeat the trades of a successful trader.
- Trading can be configured in different ways, depending on the platform's features and conditions. For example, you can have the exact value of all transactions copied, or a percentage of the total capital.
- You can intervene at any time, cancel the transaction, or manually close the position.
- The user is not tied to a selected trader, but can switch between different ones, seeking out the most successful at the moment. A list of experienced traders is available; simply choose any one of them.
The trader that people subscribe to receives a reward of 5 to 10% of their profit. Therefore, it is also profitable for them to trade in the positive (more profitable than normal).
A brief explanation of the difference between copy trading and social trading. Social trading is not an automated solution. Basically, you just read websites and forums with different opinions and predictions, and you can also leave your own predictions, like and comment on others, etc. During the communication process, traders draw conclusions about the best way to adjust their strategy. An example of a platform with social trading features is... o TradingView .
Copy trading involves automation. The user needs to do virtually nothing, except fund their account and select the trader whose trades they wish to copy. There is no need to manually place orders or conduct any research.
Cryptocurrency Copy Trading Platforms
We offer a variety of platform options. de copy trading From these options, you can choose one or more suitable ones after conducting your own research. When choosing, it is important to consider the following factors: specific instruments offered, fees, minimum deposit, sufficiently large liquidity, a wide choice of traders to sign up with, the platform's legal status and licenses, security, and reputation.
1. Bybit
- Web Site: https://www.bybit.com/copyTrade
- KYC: for subscribers – no, for masters – yes, 2 levels
- Trading pairs: BTC, ETH, BIT, XRP, ADA, SOL, LUNA, MATIC, SAND, NEAR, ATOM, FTM, LINK, AVAX and AXS futures
- Leverage: master – from 25x to 100x, depending on the pair; follower – no more than 5x.
- Order size for a subscriber – from 10 to 1000 USDT
- Profit sharing: 10% for the master.
The platform was launched in July 2022. To start using it, you need to transfer funds from your spot account to your copy trading account. You can use the API. provided by the developers. There are no additional fees charged when trading, only those that apply in normal mode.
For each trading pair in the trading master, there is a quota – 2.5% of the number of open positions. The same price limits apply to copied trades and futures. Furthermore, the same minimum and maximum order limits apply to derivatives trading.
2 OKX
- site: okx.com/social-trading
- KYC: for subscribers – no, for lead traders – yes, 2 levels
- Trading pairs: BTCUSDT, ETHUSDT, LTCUSDT, DOTUSDT, ETCUSDT, XRPUSDT, SOLUSDT, DOGEUSDT, ADAUSDT, EOSUSDT contracts
- Leverage: 100x for BTC, 50x for other cryptocurrencies.
- The order size for a subscriber is up to US$1,000 in total for all positions.
- Profit sharing: 10% for the master.
Copy trading on OKX was added in January 2023. It offers high simplicity and accuracy. Conditions are generally standard, as on other platforms. The exchange is large and therefore able to provide excellent liquidity and market depth.
A variety of popular major contracts with high leverage are available for trading. Before starting to copy, the copy trader can configure all the main parameters, from the size of the transactions to the margin mode, as well as take profit and stop loss.
3. Binance
Binance Futures Ranking Table
- Web Site: https://www.binance.com/en/futures-activity/leaderboard
- KYC: sim
- Trading pairs: BUSD, USDT, BTC, ETH, BNB, DOT, LINK, SOL, MATIC, AXS, LUNA, etc. futures.
- Leverage: Master – up to 125x
- Order size for a subscriber – from 10 to 5000 USDT
- Profit sharing: up to 20% for the master shareholder.
The Binance exchange officially supports the TraderWagon platform as a tool for copy trading, and accounts from these systems can be linked. The platform obtains liquidity from the exchange, allowing traders to build their own portfolio or subscribe to others. The portfolio creator can set profit deductions from 0 to 20%.
But in addition to that, Binance also provides a tool like grid strategies. Integrated. You can develop and launch your own automated strategy or copy an existing one that is among the most profitable.
4 BingX
- Web Site: bingx.com
- KYC: sim
- Trading pairs: perpetual contracts
- Leverage: up to 125x
- Profit sharing: up to 25% for the master shareholder.
BingX positions itself as a cryptocurrency social network that brings together traders from all over the world. It supports perpetual contracts and the spot market. In addition to cryptocurrencies, it's possible to use forex instruments, indices, and commodities. Copy trading plays a key role on this platform and is organized very effectively.
5. cooperativeHTX - Trading Copy
- Web Site: htx.com/en-us/futures/copy_trading
- KYC: for subscribers – no, for lead traders – yes, 2 levels
- Trading pairs: BTC/USDT, ETH/USDT, LTC/USDT, DOT/USDT, XRP/USDT, DOGE/USDT contracts, etc.
- Leverage: up to 200x
- Order size for a subscriber – starting from 10 USDT
- Profit distribution: 10 to 25% for the master.
Not lagging behind other leaders is the cryptocurrency exchange HTX, which has also launched the possibility of copy trading in the futures market. You can use it both on the web version and on your mobile phone. The lead trader can choose a profit-sharing option of 10%, 15%, 20%, or 25%.
6 Bitget
- Web Site: bitget.com
- KYC: No
- Pares de negociação: futuros (USDT-M, COIN-M) em BTC, ETH, BCH, LTC, EOS, XRP, ADA, AVAX, SOL, AXS, LINK, MATIC, DOT, FIL, ETC, FTM, XTZ, XLM, DOGE, AR, CPAND, T, ENGAN, B ANA, XEM, DYDX, CRV, REN, KSM, WAVES, YFI, ALGO, IOTA, KNC, APE, NEAR, GMT, ZIL, ROSE, SHIB
- Leverage: Master – from 2x to 125x
- Order size for a subscriber – from 10 to 3000 USDT
- Profit sharing: up to 10% for the master shareholder.
Anyone who meets the following conditions can become a master trader on Bitget: deposit at least 500 USDT and make at least one trade on the platform. Additionally, if the deposit falls below 500 USDT, the trader will be automatically removed from the leaderboard, but can return by replenishing their balance.
The larger the deposit, the more subscribers a trader can have: 500 USDT – 50 people, from 10,000 to 5,000,000 USDT – 100 people, more than 5,000,000 USDT – 150 people. Traders and subscribers, of course, have full trading functionality, including leverage and stop-loss/take-profit orders.
7. Phemex
- Web Site: phemex.com
- KYC: No
- Trading pairs: ETCUSD, EOSUSD, ETHUSD, BTCUSD, etc. perpetual contracts.
- Leverage: up to 100x
- Order size for a subscriber – starting from 1 USD (1 contract)
- Profit distribution: –
On Phemex you can follow successful traders and monitor their trades, thus receiving successful investment ideas and replicating them if you wish. When selecting a trader, you can sort the list by ROI, balance, overall profit/loss ratio, or by month. The exchange plans to expand the range of benefits for top traders, including profit sharing.
8 Gate.io
- Web Site: gate.io
- KYC: sim
- Trading pairs: over 100 different trading pairs
- Leverage: Master – up to 10x
- Order size for a subscriber – starting from 100 USDT
- Profit distribution: 5% for the master.
The Gate.io exchange has a Smart Quant section, which provides copy trading functionality. The system uses an artificial intelligence network that automatically tracks data from the last 7 days and generates a trading strategy. But an experienced trader can also create their own trading strategy. To become a Master Trader, you must pass verification and submit an application, which will be reviewed by the exchange's team before being approved or rejected.
9 MEX
- Web Site: mexc.com
- KYC: No
- Trading pairs: approximately 250 contracts
- Leverage: up to 100x
- Order size for a subscriber – starting from 5 USD
- Profit sharing: up to 15% of the subscriber's profit for the master.
With the help of the MEXC copy trading system, leading traders can effectively use their professional experience and receive up to 15% profit on subscribers' trades. In this case, income is only accumulated if the subscriber has made a profit. Subscribers can quickly and easily copy the strategy of a selected trader so as not to miss trading opportunities.
10 3commas.io
- Web Site: 3commas.io
- KYC: It depends on the exchange.
- Supported brokers: Binance , Bybit , OKX , cooperative , Bitmex , KuCoin , Bittrex
3Commas is a cryptocurrency investment platform that includes many trading tools, including trading bots and copy trading, which are referred to here as cryptocurrency signals. The point is that the user connects their exchange account via API and then subscribes to signals from experienced traders through the 3Commas functionality. The subscription can be paid or free. The bots provide complete automation.
11. wundertrading.com
- Web Site: wundertrading.com
- KYC: It depends on the exchange.
- Supported exchanges: Binance, Bybit, OKX, HTX, Bitmex, KuCoin, Bittrex, Deribit, Coinbase, HitBTC
To use the copy trading functionality, you will need to connect your exchange and WunderTrading accounts using the API. Then, go to the “Market” section and select a suitable trader with a good trading history. After signing up, all of this trader's trades will be automatically copied to your account. This happens autonomously; the website does not necessarily need to be kept open.
Advantages and disadvantages
Pros
- A convenient solution for beginners who have no trading experience.
- More free time for other activities.
- A variety of presets to optimize trading.
- There is a fairly large selection of platforms that support this functionality.
- An opportunity to diversify your cryptocurrency portfolio.
Contras
- The user does not develop their own skills, as this is only achieved through personal practice.
- Up to 10% of the profit is charged to the registered trader.
- There is always a risk of loss, as even experienced users make mistakes.
Frequently asked questions
What is copy trading?
Automated copying of trades from an experienced and successful cryptocurrency trader.
What is the difference between copy trading and social trading?
In the first case, you only need to register; all transactions are carried out automatically. In the second case, traders share opinions and predictions with each other, but each makes decisions independently and executes trades manually.
What are the benefits of copying other people's trades?
Suitable for beginners who don't have a strategy or for those who want to free up time by automating trading operations.
Are there disadvantages to copying cryptocurrencies?
If someone wants to learn how to trade, it's best to do it on their own. Furthermore, signing off on someone else's trades, even successful ones, is not a 100% guarantee of profit.
What percentage of the profit does a trader take from the users who follow them?
On average, 5-10%.
What are the fees for copying cryptocurrencies on an exchange?
In addition to the master fee, standard trading fees are charged, depending on the user's VIP level.
Does Binance copy trading exist?
Yes, in the Binance Futures section. You need to go to the Ranking table, where the users with the best results are presented and there is an opportunity to subscribe to them.
Is there copy trading in Mexico?
Yes, this exchange also supports this feature.
What other platforms are available for copy trading?
You can use copy trading on Bybit, Bitget, Gate.io, Bityard, and several other well-known platforms.
How to choose the right platform for copying cryptocurrencies?
In addition to the standard security and reliability requirements of the exchange, you should pay attention to whether it is convenient to copy trades, what the payment terms are, penalties (for experienced traders), trading pairs available for use, and so on.
What are the opinions on copy trading?
There are positive and negative reviews. There are complaints that an experienced trader with excellent statistics starts emptying the deposit after signing up. This is probably just a coincidence; statistics are generally reliable. But it's important to keep the potential risks in mind.
Conclusion
The concept of copy trading has its pros and cons, but overall, it's an interesting solution that both beginners and experienced users can benefit from. Special attention should be paid to defining the strategy when subscribing. This is where the trading pairs used, leverage, and transaction sizes are defined. You can copy transaction sizes or just a percentage of your total capital. There are minimum and maximum transaction limits for a subscriber. Some exchanges They allow you to sign up as leaders without verification, but generally only a verified user can become a leader, which gives more confidence to beginners.