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8 Best Crypto Copy Trading Softwares and Platforms 2024

Publisher

February 12, 2024
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Best crypto copy trading softwares and platforms reviewed

Copy trading has become increasingly popular in the last two years. This is no surprise, as making passive income by copying professional traders is as easy as it can get. One key factor for success with copy trading is selecting the best crypto copy trading software or copy trading platforms.

 

Best Crypto Copy Trading Exchanges Reviewed

There are dozens of crypto exchanges offering copy trading, but which one is right for you? We have tested the 30 most popular crypto copy trading platforms to finalize a list of the top 8 options.

If you want to earn passive income with cryptos, pay very close attention to this guide as we explore the top 8 crypto platforms for copy trading.

 

1. Bitget

Bitget is one of the industry-leading crypto exchanges when it comes to copy trading. Their copy trading flagship product is not only available on the derivatives market but even on the spot market. This is perfect for users seeking low-risk copy trading without leverage. On top of that, Bitget offers a bot copy-trading feature where you can copy-trade other people’s trading bots.

What we love most about the Bitget copy trading feature is its ease of use. Out of all crypto exchanges, we consider Bitget to be the most user-friendly option.

The traders you can copy on Bitget are called “Elite Traders”. Similar to OKX, Bitget also displays the assets under management (AUM) of the elite traders. Some professional traders on Bitget have up to $2,000,000 in AUM, which emphasizes how many Bitget users trust the copy trading feature.

The beginner-friendly copy trading dashboard of Bitget makes it easy to analyze the performance of elite traders. If you are happy with the results, you can activate the copy trading with just a few clicks.

With a profit share of up to 10% on all profitable trades, Bitget is one of the most affordable options.

Overall, we consider Bitget to be the best crypto copy trading platform.

If you want to learn more about Bitget, you can read our full Bitget review here.

 

Pros & Cons of Bitget Copy Trading

👍 Bitget Pros👎 Bitget Cons
✅ 125x leverage❌ Not available in USA
✅ Very beginner friendly❌ Requires KYC
✅ Most comprehensive copy trading
✅ Spot and Futures copy trading supported
✅ Copy trading bots supported

 

Visit Bitget!

 

2. OKX

OKX excels as one of the best crypto copy trading platforms. After thoroughly analyzing all crypto copy trading platforms, we have concluded that OKX has the most skilled and professional copy traders available. On OKX, the professional traders that you can follow are called “lead traders”.

In the OKX copy trading dashboard, you have the option to pick from over 1000 professional lead traders. You can analyze their performance and filter out the best and most consistent copy traders. What we love about the OKX copy trading platform is that you can also see the asset under management (AUM) of the copy trader. Some copy traders on OKX have over $1,000,000 in assets under management, which speaks volumes about their performance and the trust that users put in the lead trader.

The copy trading feature on OKX is completely free to use. However, you are paying a profit share with the lead trader of up to 13%.

What makes OKX such a great crypto copy trading platform is not only the large number of excellent lead traders but also the low trading fees and deep liquidity, ensuring maximum profit potential.

If you want to learn more about OKX, you can read our full OKX review here.

 

Pros & Cons of OKX Copy Trading

👍 OKX Pros👎 OKX Cons
✅ Most skilled copy traders❌ Not available in USA
✅ Best liquidity❌ No spot copy trading
✅ 125x leverage❌ Not beginner friendly
✅ Advanced copy trading settings

 

Visit OKX!

 

3. Bybit

Bybit is one of the largest derivatives crypto exchanges in the world. The platform is also popular for its comprehensive crypto copy trading feature, where users can automatically copy the trades of other professional traders.

Setting up a copy trade on Bybit is very simple. The user-friendly interface ensures an easy crypto copy trading process. In your copy trading dashboard, you can go through hundreds of experienced traders. Analyze their performance and start copy trading them if you think that they are a good fit for you.

In the Bybit copy trading dashboard, you can analyze the performance of so-called “master traders”. You can also sort them based on their 7-day performance or overall PNL. What we like about Bybit is its “stability index”. The Bybit stability index gives traders a rating between 1-5 (1 being the worst, 5 the best).

The higher the stability rating, the more consistent the trader is. That means less volatility and less drawdown. Master traders with a lower stability rating might have a higher risk tolerance and are, therefore, not as stable.

With a maximum profit split of 10%, it is a great option to earn passive income through the Bybit crypto copy trading program.

If you want to learn more about Bybit, you can read our full Bybit review here.

 

Pros & Cons of Bybit Copy Trading

👍 Bybit Pros👎 Bybit Cons
✅ Most skilled copy traders❌ Not available in USA
✅ Very beginner friendly❌ Not available in the UK
✅ Thousands of traders available❌ No spot copy trading
✅ Copy trading bots supported

 

 

Visit Bybit!

 

4. MEXC

MEXC stands out as one of the cheapest copy trading platforms with low fees. MEXC is a non-KYC exchange, and users from all around the world can register on MEXC with a VPN and use their service.

The futures trading fees on MEXC are 0% maker and 0.02% taker, which means that you get to keep a lot more profits to yourself. No other crypto exchange has futures trading fees this low.

Aside from offering low trading fees, MEXC is incredibly user-friendly, making it a great copy trading exchange for beginners.

Another key selling point of MEXC is its massive number of trading pairs. Over 2000 crypto trading pairs can be accessed on the MEXC exchange. That means you can follow lead traders with copy trading strategies on multiple different cryptocurrencies and altcoins.

In the MEXC copy trading dashboard, you can easily analyze the available copy traders. You can also sort the lead traders by different metrics such as 7-day performance, follower count, or total performance. MEXC also displays data about the lead traders’ trading frequency. That way, you can filter out scalpers, day traders, and swing traders to your liking.

Additionally, you can create a watchlist of lead traders in case you want to keep track of their copy trading performance.

If you want to learn more about MEXC, you can read our full MEXC review.

 

Pros & Cons of MEXC Copy Trading:

👍 MEXC Pros👎 MEXC Cons
✅ Lowest trading fees❌ Up to 15% profit share
✅ No KYC required❌ Less lead traders
✅ Very user-friendly❌ No spot copy trading
✅ Advanced copy trading options
✅ 2000+ trading pairs

 

Visit MEXC!

 

5. BingX

BingX is branding itself as the first social trading platform. This refers to the comprehensive copy trading features on the BingX exchange. BingX has been a pioneer in the cryptocurrency copy trading industry for a while now.

What’s special about BingX is its integration with Binance. You can use the BingX copy trading feature as a Binance user through the API connection. Additionally, BingX offers not only futures copy trading for cryptos but even for traditional finance assets such as indices, metals, stocks, forex trading, and more. To top it all off, BingX also offers crypto copy trading on the spot market for low risk and steady growth.

The well-designed BingX social trading dashboard makes it easy to scrape for the best lead traders to follow. With low fees of 0.02% maker and 0.05% taker on the futures market, BingX is an attractive copy trading app with low fees.

Overall, we consider BingX a great alternative copy trading platform, especially for US traders. As BingX does not require KYC, everybody can register on the exchange.

If you want to learn more about BingX, you can read our full BingX review.

 

Pros & Cons of BingX Copy Trading:

👍 BingX Pros👎 BingX Cons
✅ Available in USA❌ Only basic settings
✅ Very beginner-friendly
✅ Spot and Futures copy trading
✅ Binance API integration

 

Visit BingX!

 

6. Binance

Binance has finally launched its in-house copy trading feature. Previously, you could only copy trade on Binance using third-party apps such as TraderWagon or BingX. However, now Binance has released copy trading on their own problem.

As Binance is the largest crypto exchange in the world, it will (statistically) have the most skilled traders, too. Therefore, we highly recommend you check out Binance copy trading. The feature is still fairly new, so we would give it some more time before giving it a higher ranking in this list.

You can easily analyze the performance of other traders based on their 7-day, 30-day, and 90-day performance. Binance gives you the option to sort by PnL, ROI, AUM, Copy Traders, and Copy Trader PnL. Once you find a good trader, you can also do an in-depth analysis by clicking on their profile.

With low fees of 0.02% maker and 0.04% taker, a profit share of 10%, and up to 125x leverage, we are sure that Binance will quickly rise in the ranking of the best crypto trading platforms for copying other traders.

Check out our Binance review to learn everything you need to know about the crypto exchange!

 

Pros & Cons of Binance Copy Trading:

👍 Binance Pros👎 Binance Cons
✅ Largest crypto exchange worldwide❌ Not beginner-friendly
✅ Most skilled traders❌ Very new (no track record)
✅ Advanced copy trading options and insights

 

Visit Binance!

 

7. Phemex

Phemex is one of the best non-KYC exchanges in the world. The crypto trading platform is very user-friendly and offers tons of advanced options. Copy trading is a great way to earn money from more experienced traders on Phemex.

A simple interface enhances the copy trading experience on Phemex. Analyzing the performance of copy traders is simple. You can sort by balance, total PnL, monthly ROI, and monthly PnL. Additionally, you can get more insights by clicking on the respective insights to do an in-depth analysis of the copy trader.

What we love about Phemex copy trading is that you can also see the leaderboard of the most successful copy traders available. This makes it easy to find the best available pro traders with a proven track record.

If you want to learn more about Phemex, we recommend you checkout our comprehensive Phemex review.

 

Pros & Cons of Phemex Copy Trading

👍 Phemex Pros👎 Phemex Cons
✅ Easy to use❌ Very underrated
✅ Integrated copy trading leaderboard❌ Less pro traders than competitors
✅ Advanced options and insights
✅ US traders allowed

Visit Phemex!

 

8. Zoomex

Founded in 2021, Zoomex has quickly become one of the largest non-KYC hybrid crypto exchanges. The platform has a DEX and CEX combined in one place. On the CEX, Zoomex has integrated its copy trading software.

The interface of Zoomex is simple, making it easy to navigate through all the available copy traders. You can sort by their 7-day performance. This is one major critique point we have, as long-term analysis is more important than 7-day performance.

What we like about Zoomex is the value for money, as the fees are low and the maximum profit split is 10%.

If you want to give a new copy trading platform a try, then you can definitely consider Zoomex. To learn more about the platform, you can check our Zoomex review.

 

Pros & Cons of Zoomex Copy Trading:

👍 Zoomex Pros👎 Zoomex Cons
✅ Easy to use❌ Relatively new
✅ US traders allowed❌ Less pro traders than competitors
✅ CEX and DEX available❌ Only allows 7-day analysis

 

Visit Zoomex!

 

What is Copy Trading in Crypto?

Copy trading crypto refers to the automated copying of other successful crypto traders. The best thing is that you don’t have to trade at all. The whole process of copy trading is automated through the copy trading software or platform.

With just a few clicks, you can analyze the performance of other traders. If you like the performance of a public trader who offers people to follow his trades, you can mirror their trades by copying them. As you can profit from other traders’ performances, copy trading is also often referred to as a “social trading platform”. The best thing is that you can get started with only $10 on many platforms.

There are tons of reasons why one might want to copy other traders.

  • It’s a fully automated way to earn passive income with crypto trading.
  • You have more time for yourself as you don’t have to spend hours on your screen to analyze charts. The professional traders do this for you, and you will profit from their performance.
  • When making use of the copy trading feature, you don’t have to learn to trade yourself. Trading is very hard, and not everybody will be successful with it. That’s why mirroring the trades by successful traders is a great way to profit from the crypto market.

 

If you are a seasoned trader yourself, you can let other people copy your own trades. Doing so comes with great benefits for you as the lead trader. For profitable trade that you make, you will earn a percentage of the profit that you generate for other traders. This profit split is usually between 5% – 15%. So, if you generate a profit of $100,000 for other traders, you will receive up to $15,000 as a profit share.

Now that you know exactly how crypto copy trading platforms work and why they are so great for beginner traders, let’s get into our list of the official 8 best crypto copy trading exchanges.

 

Final Thoughts: Best Crypto Copy Trading Platforms

As the crypto market is gaining more and more popularity, the ways to make passive income increase too. Copy trading is one of the best ways to earn passive income. You don’t need any trading skills, as you will profit based on the trading abilities of the traders you follow. Those traders are often called lead or principal traders.

If you want to copy trade a professional trader, we recommend you check out some of the top crypto copy trading platforms like Bitget or OKX. We have tested over 30 copy trading apps and software, and those two options were shining the most. This is due to their large amount of reliable pro traders, low fees, and advanced options to tweak your copy trading account to your liking.

We regularly update this copy trading platform list as new changes are constantly made, so make sure to tune in every now and then!

As Bitget and OKX are not available in the USA, we recommend other copy trading platforms for US citizens. If you are a crypto enthusiast from the United States, the best crypto copy trading platforms are MEXC, BingX, and Phemex. All three options have a comprehensive copy trading feature with low fees and deep liquidity. As these exchanges are non-KYC crypto exchanges, US users can sign up on them using a VPN.

 

Crypto Copy Trading FAQ

Is Crypto Copy Trading Legal?

Yes, copy-trading cryptocurrencies is totally legal and a legitimate way to earn passive income. You will earn money by copying trades of successful and experienced traders.

 

Is Copy Trading Automated Trading?

Yes, copy trading cryptos is a way of completely automated trading. Once you set up some crypto copy trading accounts, those will be traded by experienced traders, and you don’t have to do anything.

 

Can I lose money with copy trading?

Yes, losing copy trades is possible. If the lead trader that you are following loses a trade, you will also lose. Even a professional trader is losing trades on his trading journey!

 

Is Crypto Copy Trading Profitable?

Copy trading cryptocurrencies can be very profitable if you follow a professional trader with great risk management. However, if the trader you follow loses money, you will also lose money. Risk is always involved in trading, even when using copy trading platforms.

 

What is the best copy trading website for crypto?

The best crypto copy trading platform is Bitget due to its low fees, user-friendly interface, and its comprehensive features.

 

Who is Copy Trading Best For?

Copy trading is best for new traders and novice traders. Due to a lack of experience, it can be better to let other people trade for you.

 

Our recommendation:

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