Best Copy Trading Crypto Platform

Binance is a leading cryptocurrency platform that is always searched for when one's after the best copy trading crypto exchange. That is because the exchange offers a wide range of services to its users.

Even so, one of the features that Binance does not offer natively is copy trading. Why is it on this list, though? Well, because it does allow users to connect to third-party copy trading platforms, which do offer this functionality.

So, to use copy trading on Binance, you first need to choose a third-party platform that offers this service. 

There are many tools available that integrate with Binance, such as Zignaly, 3Commas, and Shrimpy. Besides, in addition to copy trading, these applications offer a range of other features, such as automated trading, portfolio management, and signals trading.

Now, once you chose a third-party copy trading platform, you can connect it to your Binance account. To do this, you need to provide your Binance API key to the third-party platform. This will enable it to access your Binance account and execute trades on your behalf.

After connecting your Binance account to the third-party copy trading platform, what is left is choosing the traders you wish to follow. As mentioned before, these traders are typically ranked by their trading performance, with the most successful ones appearing at the top of the rankings.

Okay, if we're talking about third-party tools, why should you integrate them into Binance specifically?

Well, because Binance is one of the best crypto exchanges in the whole industry. And, even if it does not have all features the crypto world has to offer natively, it doesn't mean you have to switch to another platform. After all, you do have all the necessary tools to integrate these missing features into your Binance account.

Now, do note that with these tools integrated into Binance, you can copy the trades of more than one trader. Besides that, you can also choose whether you want to copy them manually or automatically.

If you choose to copy trades manually, you will receive notifications whenever the trader you are following makes a trade. Then, you'll have to execute these trades on Binance yourself. However, if you choose to copy trades automatically, the third-party platform will execute them through your Binance account on your behalf.

So, overall, copy trading can be a helpful technique for traders looking to benefit from the experience of more seasoned ones. However, you must thoroughly assess and analyze the traders you plan to follow. Besides that, you should also use additional strategies offered by Binance to reduce your risks, such as, for example, stop-loss orders.

In conclusion, while Binance does not offer a native copy trading platform, it does allow users to connect to third-party platforms that offer this service. That, along with Binance's popularity and huge liquidity, makes the exchange a strong contender when searching for the best copy trading crypto platforms.

Huobi is a cryptocurrency platform that surely offers one of the best copy trading crypto services to its users. The exchange allows traders to replicate the trading strategies of more experienced traders and earn similar profits without in-depth knowledge of trading.

This is done simply. Followers match their trades with those of copied traders to obtain the same yields. In turn, the copied traders earn a percentage of the followers' profits.

To start copy trading on the Huobi app, the user must navigate to the "Copy Trading" page. This can be accessed by logging in to the Huobi website and clicking "Derivatives" in the upper navigation menu, then selecting "Copy Trading".

Once on this page, the follower must select a trader and click "Follow." The user must set the copy unit and accept the Copy Trading User Agreement. Note that, at Huobi, you can only follow one trader at a time.

In futures copy trading, the follower's tradeable amount is calculated based on the follower's available funds and futures leverage. If the copy trading amount is equal to or less than the follower's tradeable amount, the copy trade is made. Otherwise, the copy trade fails.

Huobi currently offers copy trading for BTC and ETH futures contracts. The profit-sharing ratio is set by the trader and cannot be changed by the follower. The leverage for copy trading is also set by the trader and copied by the follower in their copy trades.

The follower must visit the Copy Trading website and merely click the "Unfollow" option in order to unfollow a trader. By taking this step, the existing copy-trading relationship will come to an end, and the open copy-trading positions will be settled in accordance with the trader's profit-sharing ratio at the market price.

When all the copy-trading positions are closed, a portion of the net profits gets frozen in advance and is distributed to the trader after settlement that happens the next day. However, if the trader is unfollowed, the profit-sharing settlement gets conducted immediately, and the remaining funds after the settlement get returned to the follower's futures account.

Followers can check the profit details of every copied trade via the Huobi app by clicking on the Futures tab and the record icon in the lower right corner, then selecting "Capital Flow."

There are several important notes to keep in mind when using the Huobi copy trading service. Namely, a change of parameters in the middle of copy trading is not supported at the moment.

There are also "spots" that can be filled, so a "fully-followed" trader has no vacancy and is, therefore, unavailable to be followed by more people.

In conclusion, Huobi offers a simple and transparent copy trading service that is beneficial to both novice and experienced traders. By following the steps described here, you can easily start copy trading on the Huobi app and earn profits without deep knowledge of trading.

BitMart is a popular crypto exchange that recently introduced one of the best copy trading crypto dedicated tools, named Futures Copy Trading. BitMart's Copy Trading service is an extension of its existing trading platform.

Futures trading involves futures contracts, which are legally binding financial agreements that impose a requirement on traders to purchase a particular asset or commodity at a predetermined time in the future for a predetermined price.

Getting back to copy trading itself, one of the biggest advantages of it is the convenience it brings to followers who can earn profits without doing much research but simply following and copying the trades of master traders.

BitMart's Copy Trading service is no exception. The platform offers a selection of master traders to choose from, each with a proven track record of success.

Master traders must go through a rigorous vetting process before they are allowed to participate in copy trading, ensuring that the trades being copied are from legitimate individuals.

Followers can set limits on the number of assets they invest in each trader and adjust those limits as needed. This, alongside stop-loss and take-profit orders, helps to minimize the risk of losses and potentially increase profits.

For master traders, the platform provides an opportunity to gain additional exposure and earn commissions based on the performance of their trades. Master traders with a proven track record can attract more followers, which can ultimately lead to more profits.

BitMart's copy trading service also offers master traders the ability to set their own profit-sharing ratio, allowing them to earn a custom share of commissions from followers' successful trades.

Though, it is important to note that copy trading does carry risks, so you should carefully consider these risks before engaging in copy trading. BitMart's copy trading service acknowledges that, and offers a comprehensive guide to copy trading, including a detailed explanation of the risks involved and how to mitigate them.

In conclusion, BitMart offers users a convenient and reliable way to potentially earn profits in the financial markets. The platform provides a vast selection of experienced traders to choose from, each with a proven track record of success.

A multi-asset broker called PrimeXBT concentrates on its derivatives market and cryptocurrency margin trading platform. However, it has a partnership with a social and copy trading platform called Covesting, through which it allows users to copy trade directly on the exchange. Thus, it makes it a noteworthy contender in this best copy trading crypto platforms list.

It's also worth noting that PrimeXBT offers high leverage, which means you can trade by investing only a share of your actual trading funds.

Now, through the copy trading feature powered by Convesting, users can buy and sell various cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, and more. Besides, one of the cool things about PrimeXBT is that you can start trading in just 40 seconds without going through a complicated KYC process.

You can find the PrimeXBT copy trading feature under the Trading Tools menu. However, this copy trading feature differs a bit from the others as it allows experienced traders to create sets of strategies and this is what those who want to copy have to employ.

So, you don't copy the actual traders of the users, instead, you employ their strategies. Besides, you can copy more than one strategy at once. Experienced traders receive a percentage of the profits they make for their followers.

There is a fee for using the copy trading feature, but it's only charged when the trader you copy makes a good deal. The fee depends on the amount of money you allocate for copying, and the broker takes a percentage of the profits gained from copying other traders. The commissions start at 0.0001%. Besides, there is a 1% entry fee.

Though, do note that you can get a discount on fees by covering them using the COV token, which is the native token of Covesting.

So, in summary, PrimeXBT is a crypto broker that offers a wide variety of cryptocurrencies, while also enabling its user to enjoy a built-in copy trading feature. Thus, PrimeXBT is definitely worth checking out when looking for the best copy trading crypto platform!

Kraken is one of the longest-standing and most reputable cryptocurrency exchanges in the world, founded in 2011 and based in San Francisco, USA. It is known for its strong focus on security, regulatory compliance, and a diverse range of supported cryptocurrencies. Kraken supports over 500 cryptocurrencies, making it one of the more versatile platforms for traders and investors looking to access a broad selection of digital assets.

Kraken is popular among both beginners and experienced traders because it offers a variety of trading options, including spot trading, margin trading, futures contracts, and staking services. Its trading fees are competitive, typically ranging between 0% and 0.4%, depending on the user’s trading volume and order type.

Security is one of Kraken’s most notable strengths. It employs cold storage for the majority of user funds, two-factor authentication (2FA), SSL encryption, and strict surveillance of its systems. Additionally, Kraken has a Proof of Reserves audit feature, ensuring customers that their funds are adequately backed.

The platform also follows regulations in multiple regions worldwide, including the US, UK, Canada, and Australia. So, it is a great option if you’re looking for a platform with strong regulatory compliance.

Coinbase is one of the most well-known and user-friendly cryptocurrency exchanges globally, especially popular in the United States. Founded in 2012 and headquartered in San Francisco, it has grown into a publicly traded company (NASDAQ: COIN), which adds to its credibility and transparency. Coinbase is often the first choice for beginners due to its simple interface and straightforward buying process.

Coinbase supports over 250 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and a wide range of altcoins. It caters to different user levels through two platforms:

• Coinbase (Standard Platform): Focused on beginners, offering easy buying, selling, and holding of crypto.
• Coinbase Advanced (formerly Coinbase Pro): Designed for more experienced traders, providing advanced charting tools, lower fees, and a range of order types.

Coinbase places a strong emphasis on security to protect user funds and data. It secures approximately 98% of customer assets in cold storage, keeping them offline and away from potential hackers. Additionally, two-factor authentication (2FA) is required for account access, adding an extra layer of protection.

For US-based customers, USD balances are FDIC-insured up to $250,000, providing a safety net in case of platform issues. Sensitive user data is safeguarded through encryption protocols, ensuring that personal and financial information remains private. Coinbase also runs a bug bounty program, encouraging security researchers to report vulnerabilities, which helps maintain the platform’s robust defense systems.

If you want a feature-rich exchange that’s easy to use and doesn’t force KYC right away, WEEX is a strong pick. It’s a centralized exchange available in 130+ countries, including the US and Canada. Its interface is clean and familiar, which makes switching between spot, futures, copy, and P2P trading frictionless.

The exchange supports over 1,000 cryptocurrencies and more than 3,000 spot pairs, as well as plenty of perpetual USDT futures pairs with leverage of up to 400x. Also, there’s a demo futures mode with virtual funds, and copy trading where you can follow Elite traders (or become one and get an up to 20% profit share).

Security on WEEX is layered, featuring 2FA, anti-phishing protections, withdrawal address whitelisting, cold storage, multi-signature, proof of reserves, and even a 1,000 BTC protection fund. On top of that, WEEX claims to run independent third-party security audits and utilize AI-powered risk controls.

KYC is optional for core use – VIP 0 users can deposit, trade, and withdraw up to 10K USDT per day without verification. If you complete KYC, though, withdrawal limits jump to 1M USDT daily, with even higher thresholds at top VIP tiers (up to 15M USDT for verified VIP 8; 500K USDT for unverified VIP 8). The only feature for which you must pass KYC to access is P2P trading.

When it comes to WEEX's fees, spot trading costs start at 0.1% for makers and takers, while futures fees at 0.02% for makers and 0.08% for takers. However, the VIP club can further reduce these rates. To increase your VIP level, you have to trade more, hold WXT, the exchange's native token, or keep a higher asset balance.

Speaking of perks like the VIP club, WEEX offers various ways to earn rewards daily, including a hefty welcome bonus, daily Spin to Win, trading competitions, and a referral program.

WEEX Deal Active Right Now:

Are there any trade-offs, though? Well, all platforms have those. As for WEEX, fiat on-ramping is currently limited to P2P and supports a narrow set of currencies, so most users will have to fund their accounts via crypto deposits. Also, some WEEX reviews report experiencing slower customer support during busy periods.

The bottom line is that WEEX combines optional KYC, a huge supported crypto list, various trading features, low fees, and strong security into a smooth package. So, I'd say this exchange is great for beginners and pro traders alike, with only minor caveats that might not even bother most users.