Crypto trading is becoming popular among the young generation today. However, there is one such concept making its way into the market to make it simpler for individuals to enter the trade world. We refer to social exchange as copy trading since it lowers the barriers to promoting crypto transactions.
Crypto copy trade is a method where the portfolio of a person is duplicated. The one whose technique is imitated has experience and understanding of the trade world. The one who imitates the approaches is a novice. So they can decide how much to invest after a thorough evaluation. It is so because even if they copy another’s strategies, their capital is still at risk.
As a newcomer, if you wish to try crypto copy exchange on Bidsbee, let us help make the task easier. Since there are various digital currencies with as many exchange platforms, deciding which one to employ is a hectic task. So, in this blog, we will discuss the most suitable platforms to try digital currency trading.
1. Bidsbee
Want to grow your income by following the techniques of leading trading experts? If yes, try Bidsbee. Although it launched this year, it has quickly risen to the top.
If you are facing challenges in crypto deals, Bidsbee has a solution. It delivers users a complete collection of cutting-edge yet easy-to-use instruments and processes to enter the trading world as easily as possible. You can profit from the competence of experts and gain stagnant revenue without actively engaging in trading.
But if you are experienced, Bidsbee will offer state-of-the-art functionality and suitable data on the market for your convenience. Since all the services of the platform are non-custodial, it ensures high-level security for user funds.
Why Choose Bidsbee?
- Traders can choose a trader certified by the experts, sign up for their services, and establish a balance.
- It is ideal for newcomers who don’t have an understanding of the trade world.
- It offers traders transparent records of their books to evaluate the figures.
- It ensures the high-level security of traders’ accounts by making their benefits non-custodial.
- It makes the market accessible to everyone by delivering products covering trade and fund management needs.
- It saves you time since you don’t have to oversee the market to grab the most suitable deal.
2. Bybit
Source: blockzeit.com
Another major crypto exchange offering the finest copy trade services is Bybit. It is a reliable place that does not charge an additional fee from the dealers. If you use it for copy trade, you can enjoy exclusive profits and bonuses.
The most useful feature of Bybit that makes it the best-in-class cryptocurrency exchange is its 24/7 assistance service. Whether you need help in the day or in the middle of the night, the team will be there to assist you.
Why Choose Bybit?
- It provides round-the-clock customer support services to merchants around the world.
- It deals in industry-leading products with the best-in-class liquidity through a unified account.
- It lets traders leverage up to 100X for cryptocurrency demands, which is only 10 times on other platforms.
- You can pick from a diverse list of masters and use the educational materials.
- Since its tools are easy to operate, you can exchange and invest like a pro.
- You can expand the portfolio using Web3 and other payment services.
If you use Bybit for trading, remember you must share 10% of the gains with the expert. If you face defeat with ten consecutive dealers, the platform will automatically stop copying transactions into your reserve.
3. eToro
Source: criptoeconomia.com.br
It is a popular platform for newcomers, delivering various services in all corners of the world. Whether in the education stage of copy trading or as an expert, eToro lets you make money without hassles.
The most helpful thing about eToro is it has over 50 experienced traders whose trading patterns you can imitate to make a better portfolio. When you register on the website, you receive a list of the top executives with their positions. You can review their history to examine their capabilities and decide your specifications to reduce risk.
Why Choose eToro?
- It lets you connect directly with the experts if you have questions.
- There are no hidden charges for professional services. But you must pay the expert trader for their help to move forward.
- Its user-friendly interface makes it the best option for social trade.
- It lets you trade in various digital currencies, and its wallet is also simple to operate.
4. BingX
Source: cointelegraph.com
Established in 2018, BingX is a social trading platform offering copy, spot, and derivatives trade services worldwide. It offers three features, which include copy by spot grid, where a dealer imitates the configuration of the master when they open a grid place. Another is by copying their master’s position. The last one is by a fixed edge where you set a specific amount of margin.
Why Choose BingX?
- It is available in over 100 countries and even supports the non-crypto markets.
- It offers 20 times leverage for ETH and BTC and non-crypto market users and 10 times for shitcoins.
- It offers the best FOREX copy exchange, multinational indices, an automated trading procedure, products, and other agreement trading outcomes.
One thing to remember while using BingX is that it is a Binance representative, which means all its deals have charges of 0.04%. Moreover, users must share 8% of their gains with the experts.
Wrapping Up
Crypto copy business is difficult. It requires a lot of competence, patience, and continuous hard work to become a master. Since it is an innovative strategy that allows traders to make easy money by duplicating the methods of experts, they must use a reliable platform. Apart from the platforms listed in the blog, you can try various others, such as Pionex, Bitget, MEXC, 3Commas, and others.
We hope you choose a platform that satisfies your needs and is highly secure. If it offers free trials, don’t miss out on taking advantage to decide whether it is the best option for you.
