Best Copy Trading Crypto Platform

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.

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.

As of 2024, 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.

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.

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. As of 2024, Kraken supports over 360 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 0.00% 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.

Crypto.com is a prominent player in the cryptocurrency world, offering a comprehensive suite of financial services centered around digital assets. Founded in 2016, the platform has grown rapidly, boasting a user base of over 100 million by mid-2024.

Crypto.com provides a user-friendly app for buying, selling, and trading around 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. Beyond its exchange services, Crypto.com offers a non-custodial DeFi wallet, an NFT marketplace, and even a direct payment service for cryptocurrency transactions.

One of Crypto.com's most recognizable features is its Visa card, which allows users to earn cashback in CRO, the platform's native token, on their everyday spending. The card comes in various tiers, each offering different levels of rewards and perks, such as rebates on streaming subscriptions and airport lounge access.

Crypto.com also takes security seriously. It holds all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis. Users’ accounts are protected by the latest security advancements, including Passkeys, HSMs, and FIDO2, as well as MFA methods like passwords, biometrics, and authenticator codes.

It also runs an active bug bounty program on Hacker One, where people can disclose security vulnerabilities on the platform and get rewards.

BYDFi is a cryptocurrency exchange platform that aims to provide a user-friendly experience for both novice and experienced traders. While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include:

• Spot Trading: Buy and sell cryptocurrencies at current market prices.
• Derivatives Trading: Trade cryptocurrency futures and options contracts.
• Copy Trading: Automatically replicate the trades of experienced traders.
• Mobile App: Trade on iOS and Android devices.
• Educational Resources: Guides and tutorials for learning about crypto trading.
• Trading Bots: Use automated tools to trade cryptocurrencies like a pro.

The platform supports more than 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). BYDFi also aims to provide competitive trading fees by offering a flat maker/taker rate of 0.1% on its spot trading platform.

When it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses Amazon Web Services, multi-factor authentication and hardware verification, as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts.

Gemini is a prominent cryptocurrency exchange established in 2014 by Cameron and Tyler Winklevoss with its headquarters in New York. It caters to both novice and experienced traders, offering a secure and user-friendly platform for buying, selling, and storing digital assets.

Currently, Gemini supports around 70 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and some meme coins like Shiba Inu (SHIB) and Pepe (PEPE). While this list is relatively limited to other big names in the market, it still allows users to diversify their portfolios and explore other investment opportunities.

The platform is known for its user-friendly interface, making it easy for newcomers to buy, sell, and manage cryptocurrencies. For more experienced users, Gemini provides ActiveTrader, a platform with advanced charting tools, multiple order types, and faster order execution.

Another notable feature is Gemini Earn, which allows users to earn interest on their cryptocurrency holdings. Security is also a cornerstone of Gemini's operations. The exchange implements robust measures to protect user assets and data, including:

• Cold Storage: The majority of user funds are stored in offline, air-gapped cold storage systems, safeguarding them from online threats.
• Two-Factor Authentication (2FA): Users are required to enable 2FA, adding an extra layer of security to account access.
• SOC Certifications: Gemini has achieved SOC 1 Type 2 and SOC 2 Type 2 certifications, demonstrating its commitment to industry-leading security standards.
• Insurance Coverage: Digital assets held in Gemini's hot wallet are insured against security breaches and fraudulent transfers.

All in all, Gemini stands out as a reliable and secure cryptocurrency exchange, offering a comprehensive suite of features tailored to meet the needs of a diverse user base.