Crypto copy trading is a form of social trading that allows investors to automatically copy the trades of expert traders, often with just a few clicks of a button. Copy trading can be a great way to learn from the best, diversify your portfolio, and earn passive income in the volatile crypto market.
However, not all copy trading platforms are created equal. Some offer more features, security, transparency, and profitability than others. In this article, we will list the best crypto copy trading platforms in 2023 and provide some details about each one.
1. Bybit
Bybit is one of the most popular and trusted crypto derivatives exchanges in the world, with over 10 million users and a daily trading volume of over $438 million. Bybit offers a copy trading feature that allows users to follow and copy the trades of top traders on the platform. Users can browse through a list of verified traders, check their performance history, risk level, and trading strategy, and choose the ones they want to copy. Users can also set their own risk parameters, such as stop loss, take profit, and leverage level.
Bybit’s copy trading feature is free to use and does not charge any commission or fees. Users can also earn rewards by inviting others to join the platform and copy their trades. Bybit also provides a variety of educational resources, such as tutorials, webinars, and articles, to help users improve their trading skills and knowledge.
Bybit is a highly secure and reliable platform that uses multiple layers of protection, such as SSL encryption, cold storage, and multi-signature wallets. Bybit also has a 24/7 customer support team that can assist users with any issues or inquiries.
If you are looking for a crypto copy trading platform that offers high liquidity, low fees, fast execution, and a user-friendly interface, Bybit is a great choice for you.
2. eToro
eToro is one of the pioneers and leaders of social trading in the world, with over 30 million users and a presence in over 140 countries. eToro offers a wide range of financial instruments to trade, including stocks, commodities, forex, ETFs, and cryptocurrencies. eToro also offers a copy trading feature that allows users to automatically copy the trades of other users on the platform.
eToro’s copy trading feature is called CopyTrader and it enables users to browse through thousands of profiles of successful traders, check their performance history, risk score, and portfolio composition, and choose the ones they want to copy. Users can also use CopyPortfolios, which are curated portfolios of top traders or market strategies that are managed by eToro’s algorithm.
eToro’s copy trading feature is easy to use and does not require any technical skills or experience. Users can start copying with as little as $200 and adjust their settings at any time. eToro also provides a virtual portfolio where users can practice their trading skills and strategies without risking real money.
eToro is a regulated and licensed platform that complies with the highest standards of security and transparency. eToro also has a dedicated customer service team that can help users with any questions or issues.
3. Pionex
Pionex is a crypto exchange that integrates in-built trading bots to help users automate their trading strategies and maximize their profits. Pionex offers 16 different types of trading bots, such as grid trading bot, arbitrage bot, DCA bot, and rebalancing bot. Pionex also offers a copy trading feature that allows users to follow and copy the trades of other users who are using the bots.
Pionex’s copy trading feature is called Bot Trading Sharing and it enables users to browse through a list of bot strategies created by other users, check their performance history, profit rate, and risk level, and choose the ones they want to copy. Users can also create their own bot strategies and share them with others to earn commissions.
Pionex’s copy trading feature is free to use and does not charge any additional fees or commissions. Users only need to pay the normal trading fees of 0.05% per trade. Pionex also provides a demo mode where users can test their bot strategies before deploying them on the live market.
Pionex is a secure and reliable platform that uses BitUniverse’s liquidity aggregation technology to provide deep liquidity and low slippage. Pionex also has an official license from the U.S. Financial Crimes Enforcement Network (FinCEN) and the Singapore Monetary Authority (MAS).
4. Coinmatics
Coinmatics is a crypto copy trading platform that connects investors with traders and trading bots. Coinmatics allows investors to copy the trades of traders and trading bots, as well as receive signals from verified strategies. Coinmatics also allows traders and bot developers to monetize their skills and strategies by sharing them with investors.
Coinmatics’ copy trading feature enables investors to choose from a wide range of unique strategies submitted by carefully selected crypto traders and bot developers with verified track records. Investors can check the performance history, risk level, and trading style of each strategy and choose the ones they want to copy. Investors can also set their own risk parameters, such as stop loss, take profit, and investment amount.
Coinmatics’ copy trading feature is transparent and fair, as it uses blockchain technology to verify and record every trade. Coinmatics also uses a smart contract to ensure that investors only pay commissions to traders and bot developers when they make profits. Coinmatics also provides a rating system where investors can rate and review the strategies they copy.
Coinmatics is a user-friendly and convenient platform that supports multiple exchanges, such as Binance, Bitfinex, BitMEX, and Kraken. Coinmatics also has a mobile app that allows users to access their dashboard and monitor their performance on the go.
5. ZuluTrade
ZuluTrade is one of the oldest and most popular social trading platforms in the world, with over 2.5 million users and a presence in over 150 countries. ZuluTrade offers a variety of financial instruments to trade, including forex, stocks, commodities, indices, and cryptocurrencies. ZuluTrade also offers a copy trading feature that allows users to automatically copy the trades of other users on the platform.
ZuluTrade’s copy trading feature is called ZuluTrade Social Charts and it enables users to browse through millions of profiles of traders from around the world, check their performance history, feedback, and followers, and choose the ones they want to copy. Users can also use ZuluRank, which is a proprietary algorithm that ranks traders based on their performance, risk management, and stability.
ZuluTrade’s copy trading feature is customizable and flexible, as it allows users to adjust their settings, such as lot size, stop loss, take profit, and risk-reward ratio. ZuluTrade also provides a simulation mode where users can test their settings and strategies before copying them on the live market.
ZuluTrade is a regulated and licensed platform that partners with reputable brokers, such as AAAFx, FXCM, and Pepperstone. ZuluTrade also has a 24/7 customer support team that can assist users with any issues or inquiries.
6. OKX
OKX is one of the largest and most diverse crypto exchanges in the world, offering over 400 trading pairs, including spot, futures, options, and perpetual swaps. OKX also offers a copy trading feature that allows users to follow and copy the trades of other users on the platform. Users can browse through a list of ranked traders, check their performance history, profit rate, and followers, and choose the ones they want to copy. Users can also view the real-time trading activities of the traders they follow.
OKX’s copy trading feature is transparent and fair, as it uses blockchain technology to record every trade and ensure that users only pay fees when they make profits. OKX also uses a smart contract to protect the funds of both traders and followers. OKX also provides a rating system where users can rate and review the traders they copy.
OKX is a regulated and licensed platform that complies with the highest standards of security and compliance. OKX also has a global customer service team that can provide multilingual support to users.
7. 3Commas
3Commas is a crypto trading platform that offers a range of tools and features to help users optimize their trading strategies and profits. 3Commas offers a copy trading feature that allows users to follow and copy the trades of other users on the platform. Users can browse through a list of public portfolios, check their performance history, profit rate, and followers, and choose the ones they want to copy. Users can also create their own portfolios and share them with others.
3Commas’ copy trading feature is flexible and customizable, as it allows users to adjust their settings, such as trade size, stop loss, take profit, and trailing stop. 3Commas also provides a backtesting feature where users can test their portfolios and strategies before copying them on the live market.
3Commas is a secure and reliable platform that supports multiple exchanges, such as Binance, Coinbase, Bitfinex, and Huobi. 3Commas also has a 24/7 customer support team that can help users with any questions or issues.
Conclusion
Crypto copy trading is a powerful way to leverage the expertise of others and earn passive income in the crypto market. However, not all crypto copy trading platforms are the same. Some offer more features, security, transparency, and profitability than others.
In this article, we have listed the best crypto copy trading platforms in 2023 and provided some details about each one. We hope this article has helped you find the best crypto copy trading platform for your needs and goals.
