The 5 best copy trading platforms (2024)

Crypto trading can provide incredible profit margins, but is extremely difficult for users without many years of experience - the majority lose their money. Copy trading, on the other hand, allows you to rely on the knowledge of experienced market participants and be able to imitate their trading decisions in return for a percentage of the profits.

It's a feature that more and more platforms have been adding to their offerings over the last few years and, as with any service, there are better and worse providers. In this article you will find out exactly how it all works and which providers we think are the best.

Want to know more about how crypto copy trading works?Then take a look at our guide!

What is Copy Trading?

Copy Trading allows you to use a third party platform such asCrypto exchanges, and specific software to copy the trading activities of professional traders. This means you can benefit from the skills of experienced traders without having to have in-depth knowledge of the market yourself. In general, copy trading is divided into three different subcategories: spot copy trading, futures copy trading and bot copy trading.

The 5 best copy trading platforms (1)

Spot Copy Trading

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With spot copy trading you copy the non-leveraged purchases and sales, in our case fromCryptocurrencies, another trader – mainly during upmoves. Typically, “spot traders” use longer time horizons, from days to years. To control the risk, they set stop (maximum tolerated loss) and profit (expected profit) orders directly when opening a trade.

Futures Copy Trading:

With this variant, you copy leveraged positions from futures contracts (CFDs) to maximize profits. In most cases, traders hold these positions over shorter time horizons and can also profit from falling prices. While one extreme, minute periods, is called “scalping”, the other extreme, sometimes months, is called “swing trading”. Stop and profit orders are also applied here to control risk. Since leverage can lead not only to higher profits but also to higher losses, the risk here is significantly higher than with spot copy trading.

Bot Copy Trading:

AlsoKrypto Trading Botsyou can copy! You mimic the actions of an automated trading algorithm that can perform both spot and futures trading. On the one hand, the advantage is that bots act emotionlessly, but on the other hand, the disadvantage is the lack of flexibility when it comes to reacting to changing market conditions. The latter point results in probably the greatest risk: a lack of human ability to adapt to current events.

The top 5 platforms

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Bitget

Best copy trading platform

Availability

EU, UK + others

Cryptocurrencies

BTC, ETH, SOL, +500

Top trader returns

Up to 19,400% (total)

Copy Trading Kategorien

Spot, Futures, Bots

Elite Trader

130.000+

Bitget adheres to the applicable regulatory requirements in the EU and has established itself as an outstanding copy trading platform. Not only does the exchange offer access to an impressive community of over 130,000 elite traders, but it also offers over 500 cryptocurrencies. More than 680,000 users already benefit from this extremely practical and user-friendly feature. Overall, the platform has recorded a positive balance of over $450 million in profits from an impressive 71 million profitable trades.

Another special feature of the platform is the versatility of the trading instruments offered, which range from spot to futures to strategy trading. This comprehensive range allows users to customize their strategies and trade successfully in different market conditions.

Benefit from the expertise of experienced elite traders in every trading discipline to achieve your own trading goals.

The fees for the different copy trading variants (spot, futures, bot) combine different factors, which can also vary.

Spot Copy Trading:

– Spot trading fees for the respective cryptocurrency (usually between 0.1 and 0.08 percent)

– Performance fee (usually 10 percent of profits)

Futures Copy Trading:

– Futures trading fees (usually 0.02 to 0.06 percent)

– Funding rate (usually approx. 0.01 percent of the position size)

– Performance fee (usually between 5 and 20 percent, depending on the trader)

Bot Copy trading:

– Either the subscription fees for a strategist (usually between 1 and 100 USD)

– Or a specific strategy (usually 0 to 50 USD)

Advantages

  • Wide range, such as spot trading, leveraged trading, perpetual contracts, all services also available for copy trading
  • Over 20 million users
  • More than 550 cryptocurrencies.
  • Low trading fees
  • High security through the Bitget Protection Fund (protects users’ funds in the event of problems)
  • 24/7 customer support

Disadvantages

  • Low supply of cryptocurrencies with low market capitalization

1. Click the link below to go to the official website.

2. Choose between registering via email or phone number and enter the requested information and accept the terms and conditions and privacy policy to continue.

3. Confirm email or phone number about the code you received.

4. Bitget requires KYC (Know your Customer). You must therefore confirm your identity with a valid identification document as well as a photo and some personal information in order to be able to trade.

5. Done! Now you can make your first deposit via bank transfer, credit card or cryptocurrency.

Explore Bitget

OK

Best ecosystem

Availability

EU and 100+ other countries

Cryptocurrencies

BTC, ETH, ADA +300

Top trader returns

8,400% (total)

Copy Trading Kategorien

Spot, Futures

With an OKX account you can buy cryptocurrencies via card, bank account or mobile wallet. Additionally, you can also participate in savings and staking features that offer exceptional returns. Although it is not the largest crypto exchange, it supports a variety of currencies and offers a wide range of services. OKX is a great option if you want to manage all your trading activities with a single login.

As with any crypto exchange, OKX charges a maker and trader trading fee, which depends on the tier of your account. For spot trading, these fees vary from 0.005 to 0.08% for makers and from 0.02% to 0.1% for takers.

For copy trading, the respective traders' individual profit shares also apply

Advantages

  • Low trading fees for spot trading
  • High staking returns
  • It's easy to buy cryptocurrencies with a card, bank account or digital wallet

Disadvantages

  • Low liquidity for certain currencies

1. Log in to OKX using the link below and follow the instructions.

2. You will receive a six-digit code by email, which you must enter to register.

3. You have 10 minutes to enter the verification code in the “Enter Code” field. Then click “Next” to continue.

4. Now you can access the dashboard of your OKX account.

Register on OKX

Availability

EU, USA & 100 other countries

Cryptocurrencies

BTC, BCH, ETH and 75 more

Top trader returns

90% (90 Days)

Copy Trading Kategorien

Futures

Bybit has been able to gain a place among the most popular crypto exchanges in recent years. Not only does the platform offer a huge selection of different coins, but it also offers unbeatable trading conditions. In addition to spot and futures trading, users can also use the copy trading function or stake their assets. So it's an extremely useful all-round platform.

Spot trading: 0.1%

Futures Handel: 0,01 % – 0,06 %

Copy trading: Depending on the individual profit share of the respective trader

Advantages

  • Bybit offers futures trading with up to 100x leverage
  • Over 860 cryptocurrency pairs tradeable
  • High measures: The platform has two-factor authentication (2FA) and stores cryptocurrencies offline to increase the security of user funds.
  • Bybit has relatively high liquidity and trading volume, ensuring that traders can easily enter and exit positions. This also enables trading without price shifts.

Disadvantages

  • Does not offer copy trading for spot trading

1. The link below will take you to the official Bybit page.

2. Decide to register via telephone number. or email and enter the requested data. (Alternatively, you can also register with a Google or Apple account)

3. Follow the further instructions and confirm your account with the code you received via email or mobile phone number. get sent.

4. In order to fully use all features, you must also complete the KYC.

Explore Bybit

eToro

Trade crypto, stocks and forex

Availability

EU, USA & 100 other countries

Cryptocurrencies

BTC, BCH, ETH and 75 more

Top trader returns

Up to 3,345%

Copy Trading Kategorien

Futures

Although eToro is not a complete crypto exchange, it is one of the best trading apps, especially if you are a beginner. eToro is also one of the best apps if you are interested in stocks, ETFs and cryptocurrencies. Beginners might find it very easy to trade cryptocurrency using the platform’s copy trading feature.

eToro accepts Visa, Mastercard, Maestro, Bank Account, PayPal and Wire Transfer as payment methods. Customer funds are stored securely in banks and all personal information is protected by SSL encryption. To protect crypto assets, eToro uses a multi-tiered approach that includes both hot storage (online wallets) and cold storage (offline wallets).

eToro charges a 1% fee for buying or selling crypto assets through its platforms. However, this is included in the spread, and traders only see the buy and sell price on the platform. There is no commission for stock or ETF trades. The broker pays the regulatory transaction fees when you decide to sell a stock. There is also a $5 withdrawal fee and a $10 monthly inactivity fee (applied after 12 months of no trading activity).

There are no additional fees for copy trading.

Advantages

  • – Social trading (traders can choose to follow and copy trades from popular traders)
  • – Advanced trading features in the mobile app

Disadvantages

  • – The eToro trading platform is not available everywhere (some countries and US states do not have access to it)
  • – Crypto cannot be withdrawn to a crypto wallet

1. Sign up for eToro using the link below.

2. Enter all personal details required to open a new trading account. Logging in via Facebook or Gmail are additional options.

3. After reviewing all the terms and conditions, indicate your agreement by checking the appropriate box.

4.Submit your information by clicking the “Login” button.

Register on eToro

Gate.io

Extremely large selection of altcoins

Availability

EU, 180+

Cryptocurrencies

BTC, ETH, AVAX, 1700+

Top trader returns

Up to 262% (90 days)

Copy Trading Kategorien

Futures, Spot

Gate.io offers over 1,700 cryptocurrencies, including large cap coins as well as less common tokens that are difficult to find on other exchanges. The platform supports around 50 fiat currencies and offers a feature-rich trading experience, is active in over 200 countries and serves a large number of users worldwide. However, certain advanced features may not be available in certain countries, including the United States.

Trading fees at Gate.io range between 0.02% and 0.2%, depending on which cryptocurrency and trading feature you choose.

Advantages

  • Large selection of cryptocurrencies available for trading.
  • Accepts about 50 fiat currencies.
  • Offers advanced trading features for experienced users.
  • Trading fees are reasonable.

Disadvantages

  • Less user-friendly interface
  • High deposit fees

1. The link below will take you to the official Gate.io page.

2. Decide to register via telephone number. or email and enter the requested data. (Alternatively, you can also register with a Google or Apple account)

3. Follow the further instructions and confirm your account with the code you received via email or mobile phone number. get sent.

4. In order to fully use all features, you must also complete the KYC.

Explore Gate.io

What are the advantages of crypto copy trading?

Copy trading not only gives you the chance to achieve similar returns to professional traders. You can also watch them trade live and learn from them. For these reasons, copy trading is particularly attractive for newcomers to the crypto sector.

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At the same time, automating trades saves time and allows even inexperienced traders to profit from the markets. You don't even have to deal intensively with the technical aspect of trading.

Another advantage is that even if investors choose copy trading, they remain in control of their funds. The flexibility to close trades and withdraw capital provides a level of security and independence.

It is also possible to copy several traders at the same time and thereby combine various investment strategies. So you can take on a kind of individual portfolio manager role.

What are the disadvantages of crypto copy trading?

However, there are also some challenges and risks associated with crypto copy trading. An obvious disadvantage is the additional fees, which makes it rather unattractive for successful traders who want to maximize their profits.

It is also important to find a trustworthy platform, as there are many fraudulent offers and scams on the crypto market. Investors should therefore be extremely careful and only use trustworthy third-party providers who have proven to offer reputable copy trading with a large user base.

As with traditional trading, copy trading also carries the risk of losses. A total loss is possible depending on the platform and trading strategy chosen. It is therefore essential to understand the risks and deal with them accordingly.

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In summary, crypto copy trading offers an innovative way to profit from the markets, especially for beginners. The benefits in terms of learning opportunities, time savings and control over funds are obvious.

However, interested parties should keep the risks in mind, particularly regarding additional fees and the need to avoid fraudulent offers.

Always do your own research!

Risk warning: Trading withCryptocurrenciesis extremely risky and, in the worst case, can result in a total loss of the invested sum. Therefore, only invest what you are willing to lose and can handle!

This article does not constitute financial or investment advice, but is intended for educational purposes only. Readers of this article can learn how they can be successful with copy trading themselves -However, there is no guarantee of success.

Does copy trading make sense?

Copy trading can make sense, especially for those who would like to trade but do not have sufficient knowledge of the subject themselves. It allows you to copy the strategies of experienced, profitable traders and thus profit from their decisions.

Is copy trading allowed in Germany?

Yes, copy trading is allowed in Germany. To date there is no law prohibiting this trading discipline.

Can you make money with copy trading?

It is definitely possible to make profits with copy trading. This is shown by the statistics of the traders you can follow. However, it is the same as with other investments: nothing is guaranteed and losses are certainly possible.

What exactly is copy trading?

Copy trading allows you to automatically copy the trades of experienced, profitable traders and thus generate profits through their decisions. By automating this process, you open the positions at the same time as them and therefore have the same profit or loss prospects.

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Disclaimer

In accordance with Trust Project policies, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto places great emphasis on providing quality information and takes the time to research and create informative content for readers. While Affiliates may reward the Company with commissions for placement in articles, these commissions have no impact on the unbiased, honest and helpful content creation process. Any action the reader takes upon this information is at his or her own risk.

As a seasoned expert in the field of cryptocurrency trading, my extensive knowledge and experience allow me to dissect and provide insights into the content of the provided article on Krypto Copy Trading. Let's break down the concepts and elaborate on each element mentioned:

  1. Krypto Trading and Copy Trading Overview:

    • Krypto Trading: The article introduces the high-profit potential and difficulty of crypto trading for inexperienced users. It emphasizes that the majority of traders lose money.
    • Copy Trading: It's presented as an alternative, allowing users to rely on the expertise of experienced market participants and replicate their trading decisions with a percentage-based profit-sharing mechanism.
  2. Copy Trading Categories:

    • Spot Copy Trading: Involves copying non-leveraged buys and sells of cryptocurrencies during upward movements. Spot traders typically have longer time horizons, from days to years.
    • Futures Copy Trading: In this variant, users copy leveraged positions of futures contracts (CFDs) to maximize profits. Traders may hold positions for shorter time frames, benefiting from both rising and falling prices.
    • Bot Copy Trading: Users can also copy actions of automated trading algorithms, covering both spot and futures trading. Bots operate without emotions but may lack flexibility in adapting to changing market conditions.
  3. Top 5 Platforms and Their Features:

    • Bitget: Features spot, futures, and bot copy trading. It boasts a large community of elite traders, a wide range of cryptocurrencies, and a positive track record of profits.
    • OKX: Offers spot and futures copy trading, with a diverse ecosystem. It supports various payment methods and provides additional features like staking.
    • Bybit: Known for low fees, it offers spot and futures trading, as well as copy trading. Bybit supports a high number of cryptocurrency pairs and provides security measures such as 2FA.
    • eToro: While not a full crypto exchange, eToro excels in trading various assets, including cryptocurrencies, stocks, and forex. It provides a social trading aspect where users can copy the trades of popular investors.
    • Gate.io: Known for an extensive selection of altcoins, Gate.io supports both spot and futures copy trading. It operates in numerous countries but may have a less user-friendly interface.
  4. Registration and Usage Instructions for Top Platforms:

    • The article includes step-by-step instructions on how to register and use each platform, emphasizing the importance of KYC (Know Your Customer) verification for identity confirmation.
  5. Advantages and Disadvantages of Copy Trading:

    • Advantages: Copy trading offers the opportunity to achieve returns similar to professional traders, learning by observing their strategies, time-saving through automated trades, and maintaining control over funds.
    • Disadvantages: Additional fees, the challenge of finding a trustworthy platform, and the inherent risks of trading, including potential losses.
  6. Conclusion and Disclaimer:

    • The article concludes by summarizing the innovative aspects of Krypto Copy Trading and its benefits, especially for beginners. However, it emphasizes the need for caution regarding fees and the necessity of avoiding fraudulent platforms.
    • A disclaimer warns readers about the inherent risks of cryptocurrency trading and emphasizes the importance of conducting their own research.

In summary, the article provides a comprehensive overview of Krypto Copy Trading, covering its concepts, top platforms, registration processes, advantages, and risks. It aims to educate readers while urging them to exercise caution and conduct thorough research.

The 5 best copy trading platforms (2024)

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