9 Best Crypto Copy Trading Software in 2024

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Best crypto copy trading platform in 2024 - Bybit

Your capital is at risk.

TOP crypto copy trading platforms in 2024:

Bybit — best exchange with a small initial deposit

eToro (Copy Trader) — largest social trading network in the world

Binance — best exchange with unique cryptocurrency products and tools

Crypto trading has gained lots of popularity in the last few years, and so has copy trade crypto softwares and crypto trading bots. These software programs provide a great opportunity for beginning crypto traders to earn money without having extensive knowledge and experience.

The Traders Union experts have created a rating of the best crypto copy trading software in 2024 based on their reliability and copy trading capabilities to help novice crypto traders choose the best social trading cryptocurrency software.

  • Can I copy trades from different traders at the same time?

    Yes, most crypto copy trading platforms allow you to copy multiple traders simultaneously so you can diversify your portfolio.

  • How do I know which trader to copy?

    Look at metrics like past performance, profit percentage, account size, length of trading history to evaluate traders. Also read social reviews from other copiers.

  • What fees do copy trading platforms typically charge?

    Most charge 0-20% of your percentage profits made from copied trades. Some also charge monthly subscription fees.

  • Can copy trading be done with a low budget?

    Yes, most platforms have minimum deposit requirements ranging between $0-$100, making it suitable for smaller traders too.

Below you will find all the information.

What is a crypto copy trading?

Copy trading, also called social trading, is the action of automatically copying another trader’s trades through special software. This is done through copy trading software that lets traders connect their trading accounts to a trading network. When the trader offering their trades to be copied makes a trade, that trade is automatically copied in the account of subscribers to the service, usually in a specific proportion set by each trader using the copying service. Сrypto copy trading refers to the action of copying crypto trades executed by other traders.

Main types of crypto copy trading software

Crypto copy trading software plays an important role in automating the trading process, making it easier for beginner crypto traders to make profits without doing intensive market analysis and taking big risks. There is not just one type of copy trade crypto software. Here are the three main types:

Cryptoexchange’s Software

This type of crypto copy trading software is offered by specialized crypto exchanges, which support multiple cryptocurrencies and crypto pairs. This allows beginner traders to profit from price increases of different cryptocurrencies while copying the trades executed by more experienced traders.

Copy Trading Bots

This type of software is usually created by third-party companies and can be integrated with certain crypto exchanges. This software is used to create trading bots that automatically execute trades based on specific instructions programmed into the bot. The software also has a copy trading feature that enables traders copy the trades initiated by the trading bot. The software can be free or paid.

Crypto Broker’s Software

This type of crypto trading software is offered by online brokers that support cryptocurrencies, and it has similar benefits to cryptoexchange software.

Top 9 softwares to copy trades in crypto markets

The TU experts chose the best crypto copy trading software and rated them, to help you choose the best one for you.

Minimum Deposit Type of Software Supported exchanges Subscription terms Features

ByBit

$100

A proprietary platform of crypto exchange

ByBit

Free

220+ coins;

Advanced filters;

Advanced risk-management tools.

eToro (Copy Trader)

$200

A proprietary platform of crypto exchange

eToro

Free

A huge social network of traders;

Ability to copy trade other markets

Binance

not limited

Traders can use third party platforms

Binance

n/a

Shrimpy

N/A

Shimpy

30+ crypto exchanges

Free

30+ supported exchanges;

Crypto trading bots are available;

Advanced filters

CryptoHopper

$19 to $99 per month

Crypto trading bot designer

Coinbase Pro, Binance, Binance US, Kraken, BitFinex, and some other

Free

Extensive tools

ZIGDAO

$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 builder, crypto copy trading software

13 exchanges, including Binance, BitFinex, and Coinbase Pro

Free plan; paid packages range from $29 to $99 per month

Ability to use other trader’s bots

PrimeXBT

$0

A proprietary platform for crypto copy trading

PrimeXBT

Free

High-speed operations, advanced functionalities

ByBit

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Your capital is at risk.

ByBit is a one-stop cryptocurrency exchange with over 220+ coins, low trading fees, and a wide range of trading options including spot trading, margin trading, and copy trading. According to Bybit, over 150,000 traders have joined their copy trading program, in which they research various professional traders and copy the one they determine to have the best historical trading results.

With ByBit, you have complete control over your trades and can tailor them to your specifications. After selecting a trader to copy, you can set the parameters that you want, configuring the copy service to fit your preferred leverage, stop-loss, and other criteria settings.

To make things even easier, Bybit allows you to apply search filters when looking for copy traders, so that you can see the top performers, based on their 7-day win rate, 3-week win rate, or 7-day profit/loss. This option allows you to quickly identify traders with the most successful track records, whom you can consider investing your money with.

If you feel you have the necessary experience and market knowledge, you can become a principal trader on Bybit yourself, offering your trades to be copied by other traders. You can earn a 10% commission on trades you execute for each copier, which can add up to a sizable income if your trading strategy attracts a lot of other traders who want to copy your trades.

👍 Pros

A trader can copy from a wide range of traders.

Hassle-free autopilot mode.

Set parameters based on your preferences.

Beginner-friendly interface.

Live customer support chat.

👎 Cons

It's not available in the USA

eToro (Copy Trader) - Best For Crypto Copy Trading

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro is a global cryptocurrency platform that provides services to almost every country, including the United States. eToro also provides access to trade other markets, such as stocks and forex, depending on your location.

Simply sign up for eToro, and you can immediately access their copy trading. You will be shown a detailed list of available principal traders, along with their rankings. You can see each trader’s win rate to gain a sense of their overall trading abilities.

Also, you can set your own parameters for copying traders, to keep your risk at levels you’re comfortable with. The ability to customize copy trading to suit your personal preferences keeps your trades from being entirely dependent on others. Being able to chat with the principal traders is one of the most unique and appealing aspects of copy trading on eToro.

Before you decide to copy anyone’s trades, you can ask them questions, share your thoughts, and build trust.

👍 Pros

The trader gets to choose from, and even chat with, a variety of traders.

It has a beginner-friendly interface.

Outstanding customer support and educational material.

Depending on your location, you can trade cryptocurrency, stocks, forex, and commodities.

Social trading platform that allows you to interact with other members of the eToro community.

👎 Cons

Required minimum copy trading deposit of $200.

Binance

Open an Account
Your capital is at risk.

Binance is one of the world's largest cryptocurrency exchanges, with headquarters in Hong Kong. According to the cryptocurrency portal, CoinMarketCap, Binance ranks first in terms of aggregate indicators of the platform's daily turnover, number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.)

Binance's exchange supports over 365 cryptocurrencies, but only 65 or so are available to traders in the United States. It also supports several fiat currencies for international users, including USD, EUR, AUD, GBP, HKD, and INR.

Binance has a wide range of cryptocurrency pairs available to trade, depending on your location. The exchange is also a cryptocurrency startup, with its own "native asset" used in the Binance ecosystem as "basis gas" (payment internal unit).

Binance also provides some investment options. Users can buy Binance Coins, also known as BNB, the platform's altcoin. The platform has a system in place for users who have a large volume of BNB, which lowers the overall fees for trading on the platform, making it an excellent investment opportunity.

👍 Pros

High liquidity and trading volumes mean low commissions.

Superior platform performance.

Binance's proprietary BNB Coin allows it to reduce commission fees.

A proprietary cold wallet stores and ensures the security of your crypto assets.

👎 Cons

No proprietary copy trading platform

Shrimpy

Shrimpy is a cryptocurrency portfolio management tool that offers users new and more effective ways to manage their overall portfolio and trade. Unlike many crypto copy trading platforms, it offers a wide range of tools and resources to its traders. To begin with, traders can connect all of their supported crypto exchanges and access their coins in a single location.

Shrimpy has a large number of professional, experienced, and advanced traders whose strategies and trades you can copy. It keeps you in the loop by providing you with a dashboard where you can track your profits and much more, while allowing you access to the best monitoring and management tools.

After connecting, you can either use the bot trading option, or copy other professional traders to automate the entire trading process. Shrimpy offers a variety of tools for bot trading, enabling you to create your own strategies and implement them with your own bot.

👍 Pros

Connects to over 30 crypto wallets and exchanges.

Allows you to follow and mimic a wide range of top traders.

Crypto trading bots are available.

Management tools and a professional dashboard provided.

👎 Cons

To gain access to Shrimpy, you must subscribe to a paid monthly or annual plan.

CryptoHopper

CryptoHopper is a good option for automated crypto trading if you're looking for a crypto trading bot builder or crypto copy trading software. For automated crypto trading, CryptoHopper has some of the most reliable crypto trading bots. The crypto bot executes trades on your cryptocurrency exchange account, based on the instructions you provide.

This crypto bot has three pricing plans: $19/month, $49/month, and $99/month. There is also a free version with limited functionality.

This crypto trading bot does not work with all cryptocurrency exchanges. It is, however, compatible with Binance, Coinbase Pro, Bittrex, and a few other exchanges. It supports the trading of Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies.

The exchange bots are adaptable and constantly evolving, catching trends and responding to signals perfectly. The bot's behavior can be programmed to follow a specific strategy.

There is also a feature for social trading that enables users to automatically execute the trades recommended by signal providers. Signal provider services may, be free or paid.

Try CryptoHopper Now

ZIGDAO

ZIGDAO is a relatively new crypto trading software, launched in 2018, that allows crypto traders all over the world to copy other traders’ trades, and to use crypto trading bots for free.

With ZIGDAO’s copy trading platform, you can copy a large number of traders from its social trading network. You can also view a large amount of relevant information while studying their profiles, such as profitability over various time frames, the number of copiers they have, and other performance metrics.

ZIGDAO also has a Profit Sharing feature that enables users to allocate a certain amount of money to a trader. When that trader opens a position, a part of that money is invested in that trade. When that trader closes the position with a profit, he gets a certain amount of the profit, and the rest is proportionally divided among the people who allocated him money. The trader’s commission is different for each trader, but most traders take around 20% of the profits. This fee is charged only when the trader makes a profit, and ZIGDAO takes 5% from that commission.

Using ZIGDAO, crypto traders can also connect a trading bot to a signal provider compatible with ZIGDAO. These signal providers can be free or paid.

ZIGDAO is also interested in offering its users the best protection. ZIGDAO cannot access your funds, and it uses RSA encrypted API keys to connect your ZIGDAO account to your brokerage account. It also requires its users to use 2FA (two-factor authentication) to log into their ZIGDAO account and to withdraw funds.

Try ZIGDAO now

Gate.io

Gate.io is a cryptocurrency exchange that has been in operation since 2013 and is licensed and registered in the Cayman Islands. It uses a KYC type verification and author's data encryption protocols, and only cold storage for cryptocurrencies is available. All those security measures prove that Gate.io is interested in protecting their user’s funds and that it can be considered secure.

Even though its crypto copy trading software is relatively new, being launched in January 2023, it is already very popular. There are a large number of well-performing crypto traders on Gate.io whose trades you can copy. The best traders are classified in different categories, such as Top Gainers or Most Copied, to make it easier for other traders to choose whom to copy, based on their personal preferences.

Each trader has a detailed profile that contains information about their rate of return, the total number of trades they’ve placed, the history of all the trades they have placed, the number of traders who copy them, the total amount of money invested with them, and their total return.

Overall, this is a great software, and you should feel free to use it, but you should be aware that the traders you copy keep 5% of the profits they make for you.

3Commas

3Commas is a cryptocurrency trading bot builder that assists you in increasing profits while decreasing losses and risks. This program enables you to earn money with minimal effort. It enables you to create a strategy by combining more than 20 trading indicators. 3Commas lets you sell and buy coins in the same window, trade 24 hours a day, and copy the settings of other bots.

Its copy trading software allows you to copy trades executed by a trading bot created by other traders. Basically, it means that you can use a crypto trading bot created by another trader. You can also view a lot of useful information about the bot before you decide to copy it.

3Commas has a free plan that offers limited functionality, and three paid plans ranging between $29/month and $99/month. Each plan offers a three-day free trial.

PrimeXBT

PrimeXBT is a crypto exchange that allows its users to trade a wide variety of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Tether, and others. All crypto assets can be bought and sold for US dollars. Although PrimeXBT is not regulated by any regulator, it ensures its users’ security by keeping their funds in cold wallets and using other security methods, such as 2FA (two-factor authentication), regular security checks, full risk checks after every order is placed, and other measures.

This broker has created its own trading terminal, called PrimeXBT, which has a built-in copy trading function for copying trades. The PrimeXBT terminal is distinguished by its high-speed operations and advanced functionalities.

You get a decent amount of information that you can use for selecting the traders you want to copy, such as total profits, the profits for that day, how many days they have been active, the number of follower’s they have, their followers equity, and a performance chart.

There is a fee for using PrimeXBT’s copy trading software, which is only charged when the trader you copy makes a profit. The trader you copy always receives 20% of the profits he makes for each of their followers, and this motivates them to place as many successful trades as possible. Then, depending on the amount of money you allocated for copying a trader, the broker takes between 5% to 20% of the profits gained from copying other traders.

How to choose a crypto copy trading software

Before you choose a copy trading software, you should pay attention to different criteria to make sure you choose the best one. Here are the most important aspects you should consider when choosing a crypto copy trading software:

The size of traders network

When choosing a copy trading software, the size of the traders network should be a key factor to consider. A big traders network usually indicates a wide choice of great traders that you can copy, and is a good indicator of great software.

Costs

You should also pay attention to the costs charged by crypto copy trading software providers for using their services. It shows you how profitable it is to copy other traders using that software. While crypto copy trading is free with certain software, some software or traders providers charge you a part of the profits made through copy trading. This is not always a bad thing, because it motivates the traders being copied to trade more profitably - but you should be alert for exaggerated costs.

Reliability

You should only use a reliable crypto copy trading software if you want to have a good experience and make sure that your funds are safe while using the software. The best way to check a software’s reliability is to read reviews from previous users. If a software has too many negative reviews, it is probably because there is something wrong with it.

The crypto exchanges supported

When choosing a third-party crypto copy trading software, you should check to see if it can be integrated with the crypto exchange you are currently using or that you want to use. Usually, crypto copy trading software is only compatible with the biggest crypto exchanges.

How to start copying trades

When you want to start copying trades, you should follow certain steps to ensure that you will get the success you want. Here are the easy steps to take when starting crypto copy trading:

Choose a copy trading software

Choosing a copy trading software is the first step you have to take to be able to copy other traders. Depending on the type of software you choose, you will create a trading account with that crypto exchange or with an online broker or a crypto exchange that is compatible with third-party software.

Choose a trader to copy

Choosing great traders to copy is the most important step you have to take to make copy trading as profitable as possible. Depending on the copy trading software you have chosen, you can select the traders you want to copy by multiple criteria, such as profitability, number of followers, their followers’ equity, how much time they have traded on that platform, and other information. Although past performance is not a guarantee of great future performance, it is the best information you have to help you make the best choice.

Select the copy trading settings for the trader

Depending on the copy trading software you have chosen, you can select different copy trading settings, such as minimum/maximum amount of money to risk per trade, how much money you allocate for copying that trader, and, in some cases, when to stop copying that trader. If you are a beginner, you should not select a maximum amount of your trading capital to risk per trade that is any more than one or two percent of your total balance.

Constantly monitor the results

It is important to monitor the profits you have while copying other traders, because that helps you determine if you should change the copy trading settings or stop copying their trades if they have made multiple losing trades and you’ve lost a lot of money.

Is crypto copy trading profitable?

Yes, cryptocurrency copy trading can be profitable, but it is not guaranteed to generate profits. It is possible to make a good profit if you carefully select the best traders to copy and use the proper copy trading settings. However, because the market situation is constantly changing, a trader's past performance may not always the best indicator of great future performance. No type of investing is risk-free, and there may be some losses as well as profits, which are all dependent on the following factors.

Your choice of provider. The broker's operations must be supported by top regulators' licenses. Generally, the more traders who use the platform, the more flexible the settings and the more reliable the platform is.

Fees involved. The size of the commissions is critical because they can literally eliminate a large portion of trading the profits if they are very high.

Risk management. Most of the best crypto copy trading platforms enable copy traders to manage risk efficiently. You can set certain limits or even create criteria so that you do not lose your entire investment if the professional trader's trades go sideways.

Summary

Crypto copy trading softwares offers one of the most promising opportunities for new traders looking for a more efficient way to place more profitable trades. To avoid risking your account balance, and to make crypto copy trading as profitable as possible, you must pay close attention to the traders you copy and the copy trading parameters you select.

Team that worked on the article

Johnathan Maverick
Financial Markets Expert

Johnathan M. is a U.S.-based writer and investor, a contributor to the Traders Union website. His two primary areas of expertise include finance and investing (specifically, forex and commodity trading) and religion/spirituality/meditation.

His experience includes writing articles for Investopedia.com, being the head writer for the Steve Pomeranz Show, a personal finance radio program on NPR. Johnathan is also an active currency (forex) trader, with over 20 years of investing experience.

Knows about
Forex, commodity trading, investing

Experience
Johnathan has been doing freelance writing – primarily on finance, small business, and investing – for over 20 years. He has ghostwritten several books, including complete guides to forex trading, spiritual autobiographies, and a book on cosmetic dentistry. He has also done a lot of editing and proofreading work (the Corporate Finance Institute hired him to edit over 2,000 existing articles on its website). In addition, he has published one novel – "A Cross of Hearts" (available on Amazon).

Johnathan’s experience includes writing 5-10 articles per week for Investopedia.com for about two years, and being the head writer for the Steve Pomeranz Show, a personal finance radio program on NPR. He is an active currency (forex) trader, with over 20 years of investing experience, having worked as a broker, financial advisor, and personal investing tutor. He has written literally thousands of articles and blog posts on an extremely wide variety of subjects, including virtually every conceivable investing/trading topic.

Education
University of Colorado at Colorado Springs
Bachelor of Science (BS), Psychology

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.