This comprehensive guide showcases the leading cryptocurrency trading platforms tailored for copy trading in 2024. Within minutes, you can be well on your way to establishing a copy trading account, effortlessly leveraging the expertise of top traders. Continue reading to embark on your journey towards hassle-free cryptocurrency investing.
What is Crypto Copy Trading?
Cryptocurrency copy trading presents a seamless investment approach, eliminating the need for extensive market analysis. The essence lies in selecting an experienced trader to emulate and determining your investment amount. Subsequently, your account will mirror the chosen trader’s every buy and sell decision, simplifying the trading process.
List of Best Crypto Copy Trading Platforms In 2024
After analyzing various important metrics including fees, supported markets, key features, security, reputation, and more, we list the best crypto copy trading platforms in 2024, which can be seen as below:
Binance – Largest Copy Trading Platform for Daily Volume and Liquidity
Bybit – Leading Derivatives Platform With High Leverage Limits
MEXC – Follow Traders Who Buy and Sell New Crypto Assets
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
Gate.io – Copy Automated Bot Strategies for 24/7 Crypto Exposure
BTCC – Overall Best Copy Trading Platform in 2024 (Most Recommended)
How to Use Copy Trading Strategy to Maximize Your Crypto Profits?
In terms of how to use copy trading strategy to maximize crypto profits, here is a step-by-step guidance below. We’re using BTCC for this walkthrough.
Step One: Create a BTCC account
Before you start trading, you need to register a BTCC account using an Email ID or Mobile Number, then finish KYC verification.
Step Two: Fund Your Account
After completing KYC verification, the next step is fund your BTCC account. There are three methods available for funding your BTCC account, including fiat deposit, crypto deposit and convert.
Step Three: Choose a trader to follow
Go to the BTCC homepage and select “Copy” > “Futures Copy Trading”to enter copy trading page. You can directly browse the market board on the page below. Based on different metrics, like Total PnL, AUM, PnL%, Win rate, No. of copy traders, etc., to choose your preferred lead traders.
If you wish to learn more about the Lead Trader before making your decision, you can click on their card to access their portfolio, which reveals more information, such as Number of trading days, Profit sharing ratio and Cumulative number of copy traders, Lead trading performance, etc.
Step Four: Complete your copy trading settings
Once you decide your preferred lead trader, click “Copy”. Next, you need to complete copy trading settings, including Copy trading margin per order, Maximum copy trading margin. You can click “ Advanced settings”to check more settings, like Take profit per order, Stop loss per order.
Step Five: Confirm your decision
After finish all settings, all you have to do is confirm your decision by checking the “BTCC Copy Trading Agreement and Guidelines” box and clicking on “Copy trade now”. Once you click on “Copy trade now”, you’ll start following the Lead Trader’s moves.
Step Six: Check up on your trades
From the “My Copy trader” tab on the top right side of the Futures Copy Trading page, you can monitor your trades at any time.
Summary
To sum up, copy trading acts as a catalyst for enhancing your cryptocurrency investment efficiency. It eliminates the time-consuming tasks of market analysis and manual order placement. Among the leading trading platforms anticipated for 2024, BTCC stands out as a notable choice.
