Looking to invest in crypto without actively researching the market? Copy trading is your answer! Simply choose a seasoned trader to follow and decide your investment amount. Your account will then automatically mirror their buy and sell orders. In this guide, we explore the top crypto trading platforms for copy trading in 2024. Get started with a copy trading account in under five minutes – read on to learn more!
- What’s the Best Crypto Copy Trading?
- Crypto Copy Trading Platforms: Which One to Choose?
- What is Crypto Copy Trading and How Does it Work?
- How to Start Trading in Cryptocurrency?
- How Did We Choose the Top Crypto Social Trading Platforms?
What’s the Best Crypto Copy Trading?
When copying trades in crypto in 2024, consider one of the platforms below. Discover seamless trading experiences tailored to your needs.
- BTCC – Overall Best Copy Trading Platform in 2024
- Kraken – Unbroken Security Record Since Launch
- eToro – Leading Social Trading Platform with CopyTrader Tools
- PrimeXBT – Build a Diversified Copy Trading Portfolio
- OKX – Great Option for Copy Trading 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
- Gate.io – Copy Automated Bot Strategies for 24/7 Crypto Exposure
Crypto Copy Trading Platforms: Which One to Choose?
Want to understand how copy trading platforms operate? Explore key metrics like fees, market support, standout features, security, and reputation. We break down each platform’s workings for you.
BTCC
BTCC stands out as a top cryptocurrency trading platform, blending cutting-edge functionality with user-friendliness. Catering to both new entrants and seasoned pros, it offers robust security measures, around-the-clock customer support, and a comprehensive educational program via the BTCC Academy. Prioritizing user satisfaction, BTCC fosters a welcoming environment for secure and informed trading across various cryptocurrencies, positioning it as an exceptional choice for digital asset investors. Furthermore, BTCC boasts its own copy trading system, providing reliable copy trading services for cryptocurrency transactions.
Gate.io
Gate.io stands out as a prominent cryptocurrency exchange that not only facilitates trading but also offers advanced copy trading tools. These tools empower users to mimic the trading strategies of expert human traders or even opt for automated bots. These bots, operating 24/7, are pre-programmed to buy and sell cryptocurrencies, providing a wide array of bot strategies to choose from. Whether you’re interested in spot trading or the futures market, Gate.io has you covered. Users can easily identify the top-performing bots based on return on investment, stable growth, and the Sharpe ratio. Alternatively, bots can be selected based on their core technical indicators, including MACD, Bollinger Bands, and the Percentage Channel. Another notable feature of Gate.io is its support for hundreds of trading markets. This comprehensive offering includes popular coins like Bitcoin, Ethereum, Pepe, and Solana, as well as upcoming projects such as Jupiter and Bonk. The platform attracts significant trading volumes, ensuring that your copy bot has access to premium liquidity. Impressively, Gate.io doesn’t charge any fees for copying an active bot, making it a cost-effective solution for traders seeking automated trading options. Discover the top crypto copy trading platforms. Enjoy low trading fees, starting at 0.05% for futures and 0.1% for spot trading, without any hidden costs. Simply cover standard commissions and unlock the potential of crypto trading.
| Copy Trading Platform | Established | Trading Fees | Profit Share? | Minimum Investment |
| Gate.io | 2013 | Futures and spot trading commissions start from 0.05% and 0.1%, respectively | No | None |
- Pros
- Deploy a crypto copy trading bot 24/7
- Over 3,000 bot strategies to choose from
- Trade with or without leverage
- Find bots based on their specialist technical indicator
- Only pay standard trading commissions
- Cons
- Some bots have a short trading history
- Not as user-friendly as other platforms
MEXC
MEXC stands out as a top crypto exchange, offering not just huge trading volumes and millions of daily active traders, but also an excellent platform for copy trading. With its powerful search filters, finding a trader to copy is easy, allowing you to rank them based on historical win rate, total profit/loss, ROI, and follower count. What’s more, MEXC supports a wide range of micro-cap cryptocurrencies, often being the first to list newly launched coins, making it ideal for those seeking high-risk, high-return strategies. And with leveraged markets and low commissions – just 0.01% per slide for futures – MEXC is a great choice for traders of all levels. Plus, with traders setting their own profit-sharing commissions, you can find top performers charging just 15%. Whether you’re a seasoned trader or new to the game, MEXC has everything you need to succeed in the crypto market. Exploring crypto copy trading platforms: Reviews reveal Bitcoin trading with up to 200x leverage.
| Copy Trading Platform | Established | Trading Fees | Profit Share? | Minimum Investment |
| MEXC | 2018 | No commissions on spot trading markets. Futures commissions start from 0.01% per slide. | Yes – averages 10-15% | None |
- Pros:
- Popular tier-one exchange with massive trading volumes.
- No commissions on spot market trades.
- Ideal for trading micro-cap coins.
- Offers over 5,000 copy traders to select from.
- Quick account opening process.
Binance
As the largest crypto trading platform by daily volume and liquidity, Binance handles billions of dollars in trades every day, serving over 180 million users globally. With thousands of verified traders signed up for Binance’s copy trading tool, finding a suitable trader based on key data points like profit/loss, return on investment, and assets under management is easy. Results can be sorted across multiple periods, ranging from seven days to three months. Currently, ‘Afternoon Sunshine’ stands as one of the most popular Binance traders to copy, delivering over 4,600% in the prior seven days. Each copy trader chooses their profit-sharing commission, averaging at 10%. Additionally, there’s a minimum investment requirement, varying depending on the trader. For instance, Afternoon Sunshine requires at least 1,000 USDT, while other traders may only need a few dollars to start. Trading commissions start at just 0.1% in the spot markets, making it affordable to trade. However, be sure to factor in these costs when planning your trades.
| Copy Trading Platform | Established | Trading Fees | Profit Share? | Minimum Investment |
| Binance | 2017 | Futures and spot trading commissions start from 0.02% and 0.1%, respectively | Yes – averages 10% | Varies depending on the copy trading |
What is Crypto Copy Trading and How Does it Work?
With crypto copy trading, you have the ability to mirror the moves of another investor, step by step. This approach takes the weight off your shoulders, as you don’t have to constantly monitor market fluctuations or delve into complex fundamental and technical analyses. Instead, you engage in passive trading, where every buy and sell decision made by your chosen trader is automatically echoed in your account. By aligning with seasoned traders who have a proven track record, you have the potential to replicate their successes. For example, if your trader achieves a 15% return on investment (ROI), you’ll see the same percentage reflected in your profits. This means that a $2,000 investment could yield you $300, with profits scaling according to your investment size.
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 seamless trading experiences. Discover the simplicity of automated trading today!
- Choose a Trader: Examine the past performance of various traders on Margex. Taking into account your risk tolerance and profit objectives, select a trader who aligns with your strategy. It’s crucial that the trader demonstrates consistency and trades in a risk-aware manner.
- Click Follow: Once you’ve identified your preferred trader, click the “Follow” button. Margex’s platform will then seamlessly replicate all of their trades for you. If desired, you have the flexibility to follow multiple traders.
- Determine Your Investment Amount: Decide on the sum you wish to allocate to copying the trader’s moves. It’s important to exercise caution when setting this amount to ensure it aligns with your financial goals and risk appetite.
According to the Financial Times, copy trading can lead to significant losses, as your financial outcome is directly tied to the performance of your chosen trader. To avoid this pitfall, it’s crucial to conduct thorough research on potential copy traders. Key metrics to evaluate include their historical win rates, profit and loss percentages, return on investment (ROI), average trade duration, and overall trading strategy. By carefully analyzing these factors, you can make a more informed decision and potentially minimize your risks.
How Did We Choose the Top Crypto Social Trading Platforms?
We scoured the crypto landscape to identify the top social trading platforms. Our evaluation criteria encompassed various aspects: from active user base and fees to account minimums, market coverage, and user-friendliness. Dive into our research methods now and discover the ideal platform tailored to your unique needs.
Most Active User Base
When it comes to copy trading platforms, active user count is a key metric that reflects both reputation and popularity. eToro and OKX stand out with over 30 million and 50 million clients, respectively, ensuring ample liquidity through their impressive trading volumes. More than just a number, this vast user base is crucial in drawing top-tier copy traders who earn through profit-sharing agreements. Typically, these traders keep 10% of profits from each follower, making platforms with higher traffic more appealing. Thus, a large and active user community not only enhances a platform’s credibility but also attracts the best traders seeking maximum exposure and earning potential.
How We Picked Top Crypto Social Trading Sites: Most Coins Offered
When selecting the top crypto social trading platforms, we emphasized diversity in supported markets. It was imperative that heavyweight coins like Bitcoin, Ethereum, XRP, BNB, and Solana were included. Beyond these, we ventured into smaller and mid-cap coins, opening doors to potential high-growth opportunities for users. Our evaluation also encompassed the financial tools each platform brings to the table. eToro, for instance, grants access to spot markets, featuring numerous crypto-USD pairs, and also facilitates trades in crypto crosses like ETH/EOS, BCH/LTC, and BTC/XLM. For those seeking a higher risk-reward ratio, OKX and Bybit stand out, as they enable the copying of crypto futures traders, introducing leverage and short-selling options beyond the scope of spot trading. In conclusion, a comprehensive assessment of available markets is paramount in choosing the ideal social trading platform for cryptocurrencies.
How We Chose: Lowest Fees
When engaging in copy trading, it’s important to understand the fee structure. Typically, standard trading commissions apply, such as OKX’s spot trading fees starting at 0.1%. This means if your chosen trader purchases $1,000 of XRP on your behalf, you’ll incur a $1 trading commission. Additionally, most platforms charge a profit-sharing commission, which is paid directly to the trader and based solely on net gains. For example, if you earn a $500 profit from a copy trade and the trader charges a 20% profit-sharing commission, they will receive $100 while you keep $400. However, some platforms, like eToro, handle payments to copy traders internally, eliminating the need for additional fees beyond their standard 1% commission per slide. Traders often have the flexibility to set their own profit-sharing rates. Ultimately, it’s crucial to consider these fees when evaluating the profitability of copy trading.
Picking the Top Crypto Social Trading Platforms Based on Layout and Design
Selecting the best crypto social trading platform demands a user-friendly experience tailored to your trading skills. Beginners may favor eToro, known for its straightforward layout and seamless registration. eToro simplifies finding suitable traders with filters like ROI, timeframe, and maximum drawdown. More experienced investors might opt for OKX, offering advanced copy trading tools like high leverage, derivatives, and bespoke orders. Ensure your chosen platform aligns with your trading needs for an optimal experience.
Trade Execution Speed Assessed to Pick Top Crypto Social Trading Platforms
When selecting a copy trading crypto site, execution speeds are crucial. The best platforms offer execution speeds in milliseconds, ensuring you won’t have to worry about slippage. However, we’ve found some platforms with slow execution times, which means you might get an unfavorable entry or exit price. Simply put, execution speed refers to the time it takes for your order to be executed based on when the copy trader placed the order. So, choose a platform with rapid execution to avoid any unwanted delays or price discrepancies.
