20 Cryptocurrency Copy Trading Platforms.
Copy Trading also referred to as Social Trading, is a way to make use of automated trading by copying the trades of other professional and successful traders. It is often used by beginners who are unsure of how to trade, with the benefit that they can gain some insight and understanding into the world of trading.
It is also used by more advanced traders to refine and hone their trading skills. Eventually, it also allows traders to become signal and strategy providers, earning them extra profits as they monetize their winning strategies.
There are numerous cryptocurrency copy trading platforms that traders can access to both copy trades and uphold crypto trading to offer their trades to be copied by others.
Here are our Top 10 Handpicked Cryptocurrency Trading Platforms:
Let’s get started with the full breakdown of the 20 Cryptocurrency Copy Trading Platforms.
kryll.
Overview.
kryll is a popular automated cryptocurrency trading platform that offers traders with both Bitcoin and crypto trading robots for use in auto trading which is seamless and hassle-free.
kryll also has a marketplace which allows professional traders to offer their trading strategies and for others to copy these to their accounts where they can use them to trade.
To start copy trading with kryll, traders can register a free account and select the trading strategies that they wish to copy to their account. Once, complete, the trading bots go to work to start buying and selling cryptocurrencies according to the set parameters.
Traders can also test strategies for free with kryll before they use them in a live trading environment where their capital may be at risk. kryll also offers a mobile app which can be used on any iOS and Android device.
The security features employed by kryll include a direct connection with exchange accounts by using API keys. Bots are also not programmed to make any withdrawals from an account.
Pros and Cons.
✔️PROS ❌CONS API keys used Funds are stored on accounts Free and unlimited backtest capabilities Integration with TradingView iOS and Android mobile app offered Powerful strategy editor offered.
Trade-Mate.
Overview.
Trade-Mate is a unique and distinctive trading platform offering traders with advanced functionality with trading opportunities on exchanges such as Poloniex, Binance, and BitMex. Both traders and investors can use Trade-Mate to explore the best trades to follow and subsequently gain profits by execution well-informed trades.
Traders who feel confident in their trading experience and knowledge can start offering their trades by becoming a Pro trader. Trade-Mate also offers distinctive features such as Task Editing, Averaging, and TradingView.
Provision is also made for the use of trading bots which can be used to trade automatically, offering traders with a variety of trading opportunities at any given time during the day, with the bots scouring the markets 24/7 for the perfect opportunity.
Trade-Mate also offers a secure environment by using secure servers to store API keys, the use of two-factor authentication, and HTTPS encryption which ensures secure connections.
Pros and Cons.
✔️PROS ❌CONS 7-day trial available Subscription fee charged monthly Detailed and sophisticated security policy in place There is no customer support Funds not kept on exchanges Integration with TradingView Referral system offered.
Tradelize.
Overview.
Tradelize is a decentralized social network developed by a group of professional traders who have more than 10 years’ trading experience. Tradelize was developed to provide traders with a new level of social networking which focuses specifically on the area of copy trading, increasing the success of crypto traders around the world.
Tradelize is a social network and ecosystem for both traders and investors, offering a desktop trading terminal and mobile app which offers unified interfaces and an all-encompassing investing portal all in one place.
Tradelize utilises live statistics originating directly from top cryptocurrency exchanges. Traders and investors can create a profile akin to that which can be found on LinkedIn or Facebook. When using their profile, traders are offered with access to a full suite of social features.
Network users can rate the profiles of professional signal providers by making use of statistics. Professional traders can subsequently demonstrate their historical profitability and success and see that of other professionals on different exchanges.
Traders can monetise their success by using a paid channel or they can translate their trades into premium content, to which others can subscribe. Even though this is an unconventional approach to crypto copy trading, Tradelize offers several benefits to both traders and those who wish to copy their trades.
Pros and Cons.
✔️PROS ❌CONS Free 30-day trial offered None noted Mobile app offered Simple portfolio management system Two different pricing tiers offered Wide range of services and functions.
Covesting.
Overview.
Covesting started as a conventional cryptocurrency venture but has grown into a comprehensive trading platform which is especially popular among cryptocurrency traders.
Covesting offers a liquidity aggregator which ensures that the buying and selling orders of traders can be executed simultaneously, allowing the trades of public traders and followers to be executed at the same rate, allowing them to receive their dividends accordingly.
Pros and Cons.
✔️PROS ❌CONS Dedicated customer support High fees Fast trade execution Only native token allowed for fund allocation Tools are suitable for beginners Traders can only follow up to 20 leaders User-friendly trading platform Variety of features offered.
Investy.
Overview.
Investy is a small copy trading platform which caters for all types of traders regardless of whether they are beginners or professionals. However, there are only a few exchange accounts which are supported.
The reason for this is that Investy aims to offer the best trading experience in terms of both security and reliability. Investy automatically copies the strategies of supported exchanges to the account of the trader, and changes which are made on the account are then communicated back to the exchanges.
This process allows traders to have their funds in one convenient place with the use of API keys which link the one account with different exchanges. Investy also offers traders with TradeBattles which is a game in which traders can participate.
The trader that has the highest yield is declared the winner and offered up to 50% of the total prize pool. The remainder of the pool is distributed between participants depending on their positions.
When making use of Investy, traders can subscribe to several portfolios. Notifications are displayed on their dashboard and rebalances on portfolios are indicated across portfolios, indicating when it is safe to follow another trader.
Pros and Cons.
✔️PROS ❌CONS Funds need not be moved between exchanges Exchange connections are not free Suitable for all types of traders Limited exchanges supported.
NAGA Trader.
Overview.
NAGA Trader has already built up a substantial reputation with its offering of stock trading. NAGA Trader has also recently entered the cryptocurrency niche, offering traders with a variety of trading options and features including copy trading.
NAGA Trader provides traders with a variety of charting tools, allowing traders to make more accurate and informed trading decisions. In addition, NAGA Traders also offers the CYBO robot which facilitates trades 24/7. The bot is based on AI algorithms and can trade more accurately on behalf of the trader.
Pros and Cons.
✔️PROS ❌CONS AI algorithms used Low site traffic Dummy tokens can be used for practice trading Only supports 11 cryptocurrencies 24/7 trading with the help of a bot Web-based trading platform may not attract professional traders.
Ayondo.
Overview.
Ayondo is a German copy trading platform which has seen an increase in popularity in recent years which is attributable to its high usability. Ayondo’s main USP is associated with the renumeration of top traders as it incentivises them to trade with more improved strategies.
It also allows them to remain in the competition and keep an overall low-risk profile.
However, Ayondo’s portfolio management system is basic. While this makes provision for beginners who are just starting out, it may be too basic for veteran traders.
Ayondo also offers traders with high leverage and a variety of brokers who are supported.
Pros and Cons.
✔️PROS ❌CONS High leverage offered Basic portfolio management might deter professional traders Rewards for top traders Demo account only available for a limited period Simple and intuitive platform Not available in the US.
Tradeo.
Overview.
Tradeo is one of the best, most popular cryptocurrency copy trading platforms in the industry. Tradeo features an array of functions which are user-friendly for beginners and sophisticated for more experienced traders.
Tradeo offers traders with a dummy account which can be used as a practice account to test out the entire system before investing actual capital.
One of the main benefits of the Tradeo system is that once a model trader develops their trading strategy and it goes live, they can get opinions and assistance from other professionals to determine whether their strategy is viable.
Pros and Cons.
✔️PROS ❌CONS Dummy account available for beginners Limited cryptocurrencies supported Feedback system provided for experienced traders Not available in the US Free deposits Only one account allowed per user.
PrimeXBT.
Overview.
PrimeXBT is a broker that aims to provide traders from around the world with access to accounts which are Bitcoin-based, and which can be used to trade both digital currencies and conventional financial markets.
The platform employs industry-leading technology, fast trade execution speeds, and a professional trading interface which has multiple order types, instant deposits, and cold storage wallets that have low fees of 0.05% per trade.
PrimeXBT also offers traders with a variety of opportunities in copy trading, allowing both followers of signals and the providers thereof to earn additional income. Depending on the trading volume, followers can earn profits up to 70%, with the platform charging a fee from between 5% to 20% and the manager profiting 20% regardless of the conditions.
Pros and Cons.
✔️PROS ❌CONS 24/7 customer support FIX API not offered Bitcoin-based online trading US, Canada, and several other countries not accepted Competitive trading conditions Regulated broker Sophisticated and user-friendly platform.
eToro.
4.8 /5.
Rated #20 of Recommended FX Brokers.
Minimum Deposit.
Regulators.
�� Trading Desk.
No Trading Desk.
�� Total Pairs.
Islamic Account.
Yes.
Trading Fees.
Low.
�� Account Activation Time.
24 Hours.
��️ Visit Broker.
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, kraken copy trading UK, Ireland, Spain, Italy, Sweden, Switzerland.
Overview.
eToro is a Market Maker broker as well as the leading online social trading platform in the industry. The eToro exchange was designed and developed with social trading in mind. It features a proprietary trading platform which is web-based, offering crypto traders a variety of opportunities in addition to being safe, secure, and well-regulated. eToro provides its traders with access to more than 16 cryptocurrencies which can be traded through the platform. Beginners also have access to a variety of educational materials, tools, and resources to welcome them into the industry.
Pros and Cons.
✔️PROS ❌CONS Access to eToro Club EU clients have limited leverage Commission-free trading offered Fixed spreads not offered CopyPortfolios offered US clients not accepted Large online trading community Well-regulated.
ZuluTrade.
Overview.
ZuluTrade is one of the most reputable, popular, and trusted social copy platforms which is used by cryptocurrency investors and traders from around the world. In comparison to other copy trading platforms on this list, ZuluTrade offers a completely different approach to copy trading. Instead of the exchange allowing the execution or facilitation of trades, ZuluTrade depends on a variety of brokers which make use of it to facilitate trades instead. This means that ZuluTrade operates as a signal service provider which connects all traders. This provides users with free and unlimited access to choose from and interact with thousands of other traders. Through this, traders can either offer signals and others can copy those signals to their accounts, allowing them to make more informed trading decisions. ZuluTrade, when compared to other platforms, offers a solution which is more professional and advanced. It also offers additional options and features, allowing traders to customise their signal approach.
Pros and Cons.
✔️PROS ❌CONS Advanced and sophisticated solutions offered Commissions may be marked-up to cover ZuluTrade’s fees Copy trading signals offered Only compatible brokers can be used to copy trade crypto through ZuluTrade More than 70 brokers to choose from Quality of signals cannot be guaranteed Social charts offered Well-regulated and secure.
Zignaly.
Overview.
Zignaly is a social copy trading platform which accommodates cryptocurrencies and cryptocurrency investors. Investors can create a trading portfolio and connect to a variety of cryptocurrency exchanges by using API keys. When using these API keys, traders from whom the copier is copying will be provided with control over what occurs on their trading account as well as that of the copier’s account. As result of this, traders who copy trades must ensure that they place a limit on the maximum amount of funds that they wish to commit to copy trading. Zignaly offers so much more than just copy trading. Traders also have access to trading bots and smart trading terminals. In addition, traders can also set up auto trading through their Zignaly account.
Pros and Cons.
✔️PROS ❌CONS Automatic copy trading supported Subscription fee charged up to $500 Smart trading terminals offered Trial period of only 14 days Trading fees cashback available User-friendly interface.
Wunderbit.
Overview.
Wunderbit is an advanced cryptocurrency social trading platform that features its own built-in cryptocurrency exchange. This allows for traders to purchase Bitcoin amidst several other popular cryptocurrencies. Crypto investors could also copy the trades of other experienced traders. They also have the option of creating auto trading bots or using smart terminals instead. The trading platforms offers traders with access to both trading and investing opportunities. These can easily be connected to large and popular crypto exchanges by using API keys.
Pros and Cons.
✔️PROS ❌CONS Ease of use Slow customer support Free trial offered for 30 days Small userbase when compared to other platforms Large choice of exchanges More than 2,000 registered users Transparent track records of traders.
Aluna.Social.
Overview.
Aluna.Social is a new multi-exchange crypto social trading signal that offers traders with an API trading platform. The platform effortlessly integrates with several top crypto exchanges. It also connects to integrated social network features which allows for traders to access an intuitive, advanced social trading experience and environment. Aluna.Social also offers traders with the ability to counter-copy trades, meaning that they can take the opposite side of any given trade. Aluna.Social also aims to improve social communication by enabling intelligent public information sharing amongst traders. This allows both users and traders to provide valuable insight regarding markets while they focus on building their trading expertise.
Pros and Cons.
✔️PROS ❌CONS Aluna.Social copy trading and traders social network platform in beta can be tried for free Limited number of integrated cryptocurrency exchanges Aluna.Social is non-custodial, meaning that traders are in control of their funds Innovative incentive mechanisms offered such as ROI farming Integrated with top exchanges Performance pool split amongst top traders of the month.
BitForex.
Overview.
BitForex is both a well-established and popular cryptocurrency trading exchange that has its own social trading platform. This provides beginner traders with an environment where they can copy the trades from more experienced and professional traders. BitForex is also a large, substantial, and well-established perpetual of Bitcoin as well as spot trading which provides traders with an array of cryptocurrencies that can be exchanged and traded. The platform offered by BitForex allows its users to find recognised traders and their trading strategies. Traders can then copy these trades to their accounts, allowing them to make more accurate and informed trading decisions. It also allows for the freedom of subscription to any signals, both paid and free.
Pros and Cons.
✔️PROS ❌CONS Low fees Not a lot of information available on the developers as they remain anonymous Security features such as 2FA and IP detection when logging on Lack of advanced trading features such as margin trading Integration with TradingView Variety of cryptocurrencies supported.
Haru Invest.
Overview.
Haru Invest offers traders with a unique and sophisticated cryptocurrency social trading platform where experts take care of investments on behalf of traders according to a predetermined, expertly designed strategy. Haru Invest offers expert systems which work to consistently monitor the markets around the clock by making use of automatic trading to buy and sell crypto at the best prices. Traders can select the providers whose trades they want to copy, and the Haru platform works to integrate these strategies into the account of the trader, using them in the market to buy and sell cryptocurrencies.
Pros and Cons.
✔️PROS ❌CONS Auto trading enabled Performance fee charged Expert-managed crypto assets Investment can start from $10 Zero management fees charged.
3Commas.
Overview.
3Commas is a popular copy trading platform which offers the use of both Bitcoin and other crypto trading robots. 3Commas also provides a marketplace where professional traders can offer their expert trading strategies to others. Traders have the freedom to follow the trading strategies of traders that they wish to copy to their account, once a signal is selected, the crypto robots take care of the rest and automatically place buying and/or selling orders on the account of the trader. One of the benefits that 3Commas offers is a blog which contains an impressive list of cryptocurrency exchanges that support auto crypto trading. 3Commas also features a specific security feature where trading funds are not kept on the platform and in addition, the trading bots are not programmed with the ability to withdraw funds from the trading account.
Pros and Cons.
✔️PROS ❌CONS 3Commas has a good reputation Bots cannot be customised without the use of TradingView Beginner-friendly interface Complicated tool for beginners Bots not programmed to make withdrawals Not all exchanges support automatic trading Substantial number of supported exchanges.
Coinmatics.
Overview.
Coinmatics is a crypto copy trading and analytical platform that has been in operation for three years. It was designed and developed b Denis Zabauski and it is an excellent tool which can be used by both beginners and professionals. The service allows for investors and traders to copy the crypto deals in either auto or manual mode. The focus behind the platform is to provide crypto copy trading opportunities for traders from around the world.
Pros and Cons.
✔️PROS ❌CONS Additional analytical tools Lack of Binance futures Efficient and dedicated support No margin trading Intuitive interface which is user-friendly Small number of reviews available Strategies ratings offered Unlimited free trial period offered.
Shrimpy.
Overview.
Shrimpy is a crypto trading platform which is cloud-based, unlike others that require downloads and installations. It allows for traders to configure a crypto asset portfolio, specify the percentage weighting of each coin’s value in the portfolio, and to set it to be rebalanced automatically. Shrimpy also offers its users with the ability to copy and follow the strategies of other users. Insight is also provided on how others manage their profiles. There is also extensive provision made for the backtesting of strategies before using them in a live trading environment.
Pros and Cons.
✔️PROS ❌CONS Automatic rebalancing Monthly subscription fee charged Beneficial referral programme offered Considerable number of supported exchanges Strict security measures.
CopyMe.
Overview.
CopyMe offers users with a unique, high-quality platform enabling traders to perform trades by experts. This enhances their chances of gaining improved returns and help them refine their trading skills simultaneously. CopyMe helps traders copy strategies from experts without having to install additional software or make use of API keys to integrate exchanges. CopyMe carefully selects traders by doing a performance review over a certain period.
Pros and Cons.
✔️PROS ❌CONS Fast and secure trading Funds are stored on the exchanges No additional installations required Limited exchanges supported Traders have full control of their funds No free trials available User-friendly platform.
FAQ’s.
How does copy trading work?
Copy trading allows traders to copy the trades and strategies of more experienced traders to their own account.
Can profits be made from copy trading?
Yes. Profits can be made from copy trading.
Which are the best trading platforms for cryptocurrency copy trading?
The platforms mentioned on this list are the best in the industry.
Should you use social copy trading platforms to trade cryptocurrencies?
Yes. There are numerous social copy trading opportunities offered for cryptocurrency traders.
Is it safe to trade cryptocurrencies?
Yes. However, traders must ensure that they only make use of reputable exchanges and copy trading providers and platforms.