Top Crypto Copy Trading Platforms in 2023.
Crypto copy trading is one of the several ways to earn from crypto. Unlike traditional trading, copy trading is a beginner-friendly way to earn crypto.
Love them or hate them, cryptocurrencies are a really popular investment in today’s market, being the all-time favorite commodity of certain types of investors. These volatile currencies are notorious for experiencing up to 400% value spikes in a year before dipping again. Their long-term value, however, always increases.
Experts (seasoned speculators) consistently make the best trades in the crypto arena, but did you know that crypto copy trading platforms help invest in crypto just like the experts? Check out this handy guide to find out more!
Table of Contents.
Best Crypto copy trade crypto (abudabi-binary-option.forexrabota.ru) Trading Platforms & Apps in 2022 Haru Invest: Earn crypto securely with our experts Platform Performance Comparisons Risks of Crypto Copy Trading Summary.
Best Crypto Copy Trading Platforms & Apps in 2022.
Crypto copy trading is one of the several ways to earn from crypto investments. Unlike traditional trading (which takes a lot of time and experience) and mining (which may require large investments to work), copy trading is a beginner-friendly way to earn on the blockchain.
Investors use their brokerage accounts to automatically trade like one of their featured crypto star investors. Users simply need to select a professional to sync their account to and the brokerage software handles the rest of the work. Binance is one of the top crypto trading platforms that offers copy trading, but there are many more.
When looking for a copy trading platform it’s important to know that they can be different from traditional trading platforms.
Haru Invest: Earn crypto securely with our experts.
Haru Invest is a digital asset investment platform that offers an interest-bearing crypto deposit service and fund service. Haru Invest lets you earn interest on cryptocurrency.
Unlike other similar CeFi platforms out there, Haru Invest does not operate in the lending model. Instead, Haru Invest invests crypto assets with high frequency trading, copy trading crypto reddit exploiting the gaps between crypto spot or derivative exchanges. With this different way of generating returns, Haru Invest has been consistently paying out earnings with minimized risk.
Some of the strategies that Haru Invest works with include :
Arbitrage Trading that leverages BTC and ETH price gap between crypto exchanges Market Neutral Strategy based on the price stability mechanism at futures exchange Spread Trading that focuses on the volatility of BTC/ ETH futures contract.
If you want to let experts securely handle your crypto portfolio, check out our Haru Earn page. Visit the Haru Earn page.
You can automate crypto trading with Haru Invest.
Enjoy the highest earning rates in the market with top performing trading strategies.
You can automate crypto trading with Haru Invest.
Enjoy the highest earning rates in the market with top performing trading strategies.
eToro.
One of the platforms that pioneered this style of investing is eToro. Their approach to "social trading" grew from the idea of allowing new investors to learn from other, more experienced traders.
Along with 16 cryptocurrencies, eToro also supports stock, commodity, and FX trading in their social environment as well. This social environment sports some of the industry’s top innovations in social trading. One can view featured investors (sometimes called signal providers) and compare them by the number of likes they get, as well as the types of comments on their trades.
Zignaly.
Zignaly is a relatively new company on the copy-trading scene and it’s growing fast. They have an innovative take on copy-trading that uses more of the advantages of social trading than competing copy-trading platforms.
With Zignaly, users can copy other traders and use trading bots for free. They can also see what others are up to on the social side of the network. What really differentiates Zignaly, however, is its profit-sharing feature.
Users can allocate money to other traders who will be able to use the excess cash when their positions open to trade. An investor then gets a share in the profit made with their money (if the trader they bet on made a profit). Unfortunately, this also means an investor why can't i copy trade on etoro would share in any losses.
Another advantage of this platform is that someone can make bigger trades if others trust them enough to allocate money to them.
Pionex.
Pionex is the best crypto copy trading platform for folks on a budget. This cryptocurrency trading platform doesn’t connect its users on a social network like the previous two. Through Pionex, traders connect to one of 16 crypto trading bots and start earning.
Pionex is very easy to use for beginners and is 100% free. It also supports way more than the average number of cryptocurrencies.
3commas.
If someone is willing to spend a little on a trading bot then they can use 3commas. 3commas allows users to copy the trades of bots and access professional traders in the community. It also comes jam-packed with security features and safety checks.
3commas uses several exchanges and bots so trading is protected from localized crashes through diverse investing. They also use cold wallets for storing funds, which is a more secure way of handling business.
CryptoHopper.
CryptoHopper is another responsive cryptocurrency platform that offers the choice between automation and active investing. They also offer users the choice between social trading with other signal providers or the use of bots.
CryptoHopper bots are constantly learning and evolving to trade more efficiently. These dynamic bot services are priced at $19, $49, and $99 per month. There’s even a free option with limited functionality for those who want to test the waters before swimming.
Platform Performance Comparisons.
With all these options, how should one choose the platform that performs best? To start with, it depends on how comfortable an investor is with risk, how much time they can afford to invest, and how much money they can afford to invest.
People with lots of money but no time will benefit more from premium bot subscriptions. People with lots of time (money wouldn’t be a factor here) will have the advantage of researching trends and signal providers.
Platforms that charge less commission are better for making short-term gains. Making money off of daily shifts also requires a responsive platform. This is best done by an active investor who can check in for an hour or so every day.
For long-term growth, it’s better to choose a platform that can support diversification. Diverse investments protect your overall wealth if one currency drops sharply.
A person’s choice of platform should be based on all of these considerations.
Risks of Crypto Copy Trading.
An overlooked downside to copy trading is the artificial price bubble effect . By syncing their account to a featured investor or bot, passive investors give more power to individuals in the crypto community to raise or lower prices based on one person’s will. This leaves an open opportunity for copy trades crypto skilled and talented users to make more money by strategically betting against the trends.
Crypto is also a volatile commodity and investors could lose a lot of money if they aren’t wise. Crypto is also a commodity that isn’t backed by any real value, but rather speculation. Investors never truly have the safety of value investing as a result.
The crypto market is also a target for scammers and hackers looking to criminally gain from others. It’s best to do thorough research on platforms, choice of coins, local laws, and crypto market trends to avoid the drawbacks associated with these factors.
Summary.
Crypto trading can be a very beneficial part of an investor’s portfolio and one doesn’t even need to stress about being an expert to do well with it. Using one of these crypto copy trading platforms gives the user the ability to grow their investment by matching trading patterns with cryptocurrency veterans.
All investment strategies and investments involve risk of loss. Nothing contained in this website should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.