Copy trading is one of the latest trends in the crypto trading space. As the popularity for the same is increasing, many exchange platforms are now allowing their users the ability to copy the portfolio of successful traders.
While this is a wonderful way for beginners with little knowledge of the crypto market to make sound investing/trading decisions, the increasing number of crypto copy trading platforms can easily overwhelm you.
Here, we talk about the top copy trading platforms in 2021 to make the job easier for you.
What is Copy Trading in Cryptocurrencies?
Copy Trading, as the name suggests, refers to the trading process where you simply replicate the trading strategy or trades of another, possibly a more successful or famous, trader. This is particularly beneficial for crypto beginners or newbies who have little or no knowledge of crypto trading. They can simply copy the deals of other successful investors and can still manage good profits even with zero crypto trading knowledge.
Here are some of the major benefits of Copy Trading for beginners:
- Those who wish to learn from the pros, can use the platform to review and copy others’ trades.
- Enter and trade at the global market even with zero knowledge or experience in crypto trading.
- Enjoy the same level of profits as experienced crypto traders, even when you are a beginner.
- Use automatic copy trading to save time and make significant profits.
So, here are the top crypto copy trading platforms for beginners.
1. HIVELLY - Trade Crypto like a Pro using Copy Trading
Hivelly is a next-gen, highly secure, trusted & reliable crypto and copy trading exchange that makes it possible for anyone to buy and sell cryptocurrencies irrespective of their trading experience and knowledge. Hivelly offers both automated and manual crypto trading options, along with an extensive set of advanced trading tools including TradingView integration, Easy markets navigation, and On-site active orders management. The process to buy and sell cryptocurrencies on the exchange is both easy and time-efficient.
2. Coinmatics - Successful Crypto Trading Performance on Autopilot
Coinmatics offers an advanced copy trading platform that automatically replicates the profitable strategies of other successful traders on your trading account. In addition, users get to choose from a wide range of successful trading strategies based on verified track records and performance. It provides copy trading services on a profit-sharing basis.
3. 3Commas - Smart trading terminal and crypto trading bots
3Commas.io is a comprehensive trading platform that gives you access to as many as 23 top exchanges to perform automatic trades using trading bots. The platform offers trading bots as well as a set of investment tools and uses algorithms for crypto beginners to generate profits even without zero trading knowledge. Advanced features include SmartTrade, Terminal, and ready-to-use trading strategies.
4. eToro - the world's leading social trading platform
eToro is a social trading platform that offers trading services in cryptocurrencies, stocks, ETFs, and contract for difference (CFD). eToro offers a dedicated product called CopyTrader that allows beginners to simply replicate the successful trading strategies of top-performing traders. Other advantages of copy trading on eToro include unlimited commission-free trades, the ability to buy fractional trades, and access to top stocks, ETFs and cryptocurrencies.
5. CopyMe.io - Copy Crypto Experts In Real-Time, Automatically
CopyMe.io is a cryptocurrency trade copier that allows you to copy and implement trades or strategies of crypto experts in real-time and with an automated system. On the platform, you can choose one or multiple experts and diversify your funds across different trades in a manual or automated manner. The best thing about the platform is that it lets you keep your funds on the exchange itself.
Conclusion
Copy-trading, also commonly known as social trading, has become very popular in the last couple of years in the crypto space, especially among investors who are just beginning in this industry but want to replicate the success of professional traders. Everything in crypto copy trading is automatic, so you get to save time as well as make good profits from the strategies of others.