Crypto copy trading software and crypto trading bots have grown in popularity throughout the last several years, as have cryptocurrencies. This software provides a fantastic chance for novice crypto traders to make money without expertise.
We have determined the best crypto copy trading software based on their dependability and copy trading capabilities to assist novice traders in choosing the finest program.
What is crypto copy trading?
Copy-trading is automating the imitation of another trader’s transactions using specialized software. This is achieved by utilizing a trading program, which allows traders to link their trading accounts with a network. When the network owner makes a trade, it is immediately duplicated in a proportion determined by each trader connected to it. Similarly, crypto copy trading is the act of following other traders’ crypto trades.
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Main types of crypto copy trading software
The use of crypto copy trading software to automate the trading process and simplify it for inexperienced crypto traders to achieve gains without doing heavy market analysis or taking major risks is critical. There are many versions of copy trade crypto software. The three most common types are as follows:
Crypto-exchange’s own software
Copy-trading software for this sort is provided by specialized crypto exchanges that support a variety of cryptocurrencies and crypto pairings. This allows new traders to make money by profiting from the price rises of multiple cryptocurrencies as they mimic the trades made by more experienced traders.
Copy-trading Bots
Software of this sort is frequently produced by third-party businesses and may be linked to specific cryptocurrency exchanges. These programs include trading bots that execute trades automatically based on given instructions. They can also contain a crypto copy trading function, which allows you to mimic another trader’s trade. Both free and paid versions are available.
Crypto broker’s software
Online brokers who support cryptocurrencies provide this type of crypto trading software, and it has comparable advantages to the crypto-exchange’s software.
You can also read a complete tutorial on this topic here.
We have compiled the 6 best crypto copy trading software for you
| Minimum Deposit | Type of Software | Supported exchanges | Subscription terms | Features | |
|---|---|---|---|---|---|
| eToro (Copy Trader) | $200 | A proprietary platform of crypto exchange | eToro | Free | A large social network of traders. The ability to copy trade on other exchanges |
| CryptoHopper | $19 to $99 per month | Crypto trading bot designed for your needs | Coinbase Pro, Binance, Binance US, Kraken, BitFinex, and some other | Free | Extensive tools |
| Zignaly | $0 | Crypto trading bot, crypto copy trading software | Binance, KuCoin | Free | Profit-Sharing, free bots |
| Gate.io | 0.0001 BTC | A proprietary platform for crypto trading | Gate.io | Free | Low fees |
| 3Commas | $0 | Crypto trading bot for your needs, crypto copy trading software | 13 exchanges, including Binance, BitFinex, and Coinbase Pro | Free plan and packages ranging from $29 to $99 per month | Ability to use other trader’s bot |
| PrimeXBT | $0 | A proprietary platform for crypto copy trading | PrimeXBT | Free | High-speed operations and advanced functionality |
