how to convert crypto for copy trading cryptocurrency one another.
I have seen people claim that you can trade one crypto for another but I have not seen a tutorial anywhere. Can someone please describe for me how to do this?
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· 2 yr. ago · edited 2 yr. ago.
Unless there's a pair for what you want and what you have (for example ETHBTC), you need to use two pairs.
Switch over to Active Trader in your settings and see what pairs exist for the coin you want.
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Basically on the trading platform you can trade pairs. meaning things like BTC - USD or kraken copy trading ETH - USD or BTC - ETH, etc. Not all cryptos are trading pairs. Some exchanges have more or different pairs. I use Coinbase Pro for some specific pairs while I use Gemini for others. Costs are the same as if buying crypto so on Gemini usually .35% or .25% Maker/Taker fees or lower for higher volume.
I also use a site sometimes like Quadency that I can connect to different exchanges via API and set up bot trades between pairs. (I am still learning this, so I don't know much) I love that I can use it to look at my different exchanges in one place too.