8 Best Crypto Copy Trading Platforms in 2024

Crypto copy trading platforms allow users to manually or automatically copy cryptocurrency traders who are making a good amount of money from crypto trading. In other words, the best copy trading crypto platforms allow users to copy the strategies and trades of successful traders.

Cryptocurrencies’ growing popularity continues attracting new traders to this relatively new asset class. Not all of them, however, have the required knowledge or time to study the crypto market to make smart trading decisions. This is where the best crypto copy trading platforms come in.

Due to the Markets in Crypto-Assets (MiCA) regulation, some platforms may restrict EU citizens from copy trading cryptocurrencies. Check with the exchange/broker to see if copy trading is available in your region.

How we chose the best crypto copy trading platforms

We analyzed the best crypto copy trading platforms using criteria such as ease of use, number of assets available, security, and fees.

Our expert reviewers also used their own experience with the platform to judge subjective qualities. Read more about how we rank crypto copy trading platforms in our full methodology below.

An in-depth look at the best crypto copy trading platforms

Now that you know the names of the best copy trading crypto platforms, let’s understand why we chose them:

1. Kraken – Best for third-party copy trading bots

Why did we choose Kraken?

We chose Kraken because it has an impeccable security record, which makes investors confident that their money is safe. Moreover, the exchange gives users plenty of third-party copy trading bots to choose from.

Overview of Kraken

Kraken doesn’t have an in-built copy trading feature, but it does allow third-party copy trading bots to operate on the platform. Third-party bots, such as Learn2Trade and Tradesanta provide users with many options.

Kraken, founded in 2011, is one of the biggest crypto exchanges by volume, which is conducive to copy trading. The high volume ensures traders have plenty of options to choose the trader they want to copy.

Kraken’s robust security measures also make it a good platform for copy trading. The exchange has an unbroken track record of zero security instances and is trusted by millions of investors worldwide.

Kraken supports more than 240 cryptocurrencies and offers users several features that make it popular among users, such as staking, margin trading, NFT marketplace, and more. Regarding fees, Kraken uses a maker-taker structure, with fees declining as trading volume rises.

Kraken coins, fees, payment methods & more

Cryptocurrencies	240+
Payment methods	Payment card, Apple Pay or Google Pay, Visa and Mastercard purchases in many countries
Trading fees	Maker: 0.10% to 0.25%Taker: 0.20% to 0.40%Instant purchases: 0.9% for stablecoins;1.5% for other cryptos
Customer service	Live chat, Email
Regulation	Registered as a Money Services Business with FinCEN
KYC required?	Yes

Pros and cons of Kraken

2. OKX – Best for futures market copy trading

Why we chose OKX?

We chose OKX because it is a reputable exchange and is considered the best to trade in the futures market. Moreover, the platform offers detailed information on traders, making it easy for users to decide which traders to follow.

Overview of OKX

OKX copy trading feature, called OKX copy trading, allows users to easily replicate the trades of other traders without the need to conduct their own research. The exchange supports a large number of coins and trading pairs, offering more trading options to users.

OKX is considered to be the best copy trading platform for leveraged futures. With leverage of up to 100x on some markets, OKX is also considered one of the best crypto leverage trading platforms.

The platform allows users to filter traders on the basis of their historical win rate or profit/loss percentages, assets under management, and number of followers. Moreover, users can also view the preferred crypto markets and ongoing orders of the traders they follow.

OKX doesn’t levy copy trading fees, but users need to cover standard trading commissions. The platform caters to both beginners and experienced traders, providing seamless experience in all processes.

OKX coins, fees, payment methods & more

Cryptocurrencies	300+
Payment methods	Debit card, Credit card, Apple Pay, Google Pay (debit cards), SEPA, iDEAL,P2P
Trading fees	Maker: 0.140%Taker: 0.230%
Customer service	Voicemail, Chat, Email
Regulation	Registered as a Money Services Business with FinCEN
KYC required?	Yes

Pros and cons of OKX

3. MEXC – Best to copy trade new crypto assets

Why we chose MEXC?

MEXC is a popular exchange that supports a large number of cryptocurrencies and caters to more than 10 million users. The platform doesn’t charge spot trading commissions and provides users with plenty of filters to select the right trader to follow.

Overview of MEXC

MEXC is one of the best crypto exchanges, with massive trading volumes and millions of active traders daily. The exchange is also one of the best for copy trading, as it offers many filters when searching for a trader to copy.

MEXC allows users to rank traders on several parameters, including historical win rate, total return, number of followers, and total profit/loss. The platform allows traders to set their own profit-sharing commissions. Top traders on the platform charge about 15%.

Another feature that makes MEXC stand out is its support for the best micro-cap cryptocurrencies. In fact, it is often among the first exchanges to list new coins, making it a good option for traders targeting a high-risk, high-return strategy.

MEXC doesn’t charge any additional fee for copy trade. The exchange doesn’t charge any commission on spot trading markets, while its Futures commissions start from 0.01% per slide.

MEXC coins, fees, payment methods & more

Cryptocurrencies	2000+
Payment methods	Bank Transfer, Debit Card, Credit Card
Trading fees	Zero Spot Trading Fees, Zero Futures Maker Fees, 0.01% Futures Taker Fees
Customer service	Phone, Chat, Email, Ticket
Regulation	–
KYC required?	Yes

Pros and cons of MEXC coins

4. Binance – Best for copy trading with high liquidity and more number of traders

Why did we choose Binance?

Binance is a leading crypto platform that offers its users a wide range of services. The exchange has a very useful copy trading feature that gives plenty of settings options to help traders maximize their gains.

Overview of Binance

Binance is among the largest crypto trading platforms, serving more than 180 million users globally. Thus, thousands of verified traders have signed up for Binance’s copy trading tool, making it easy for users to find a suitable trader to follow.

Binance allows users to filter traders on several data points, including return, asset under management, and more. Moreover, filtered results can be sorted on the basis of time period, ranging from seven days to three months.

Copy traders can select their own profit-sharing commission, with an average commission on the platform being 10%. Traders can also set minimum investment requirements. Users need to pay trading commissions, which start from just 0.1% in the spot markets.

Additionally, users get the option to set leverage when copying trades. They can either choose the same leverage as the trader they follow or select a fixed leverage ranging from 1x to 10x.

Binance coins, fees, payment methods & more

Cryptocurrencies	400+
Payment methods	Bank transfer, Credit/Debit card, Third-party payment providers
Trading fees	Spot trading commissions start from 0.01%; Futures commissions start at 0.02%
Customer service	Live chat
Regulation	Money as a Services Business with FinCEN
KYC required?	Yes

Pros and cons of Binance coins

5. Bybit – Makes copy trading simple and easy

Why did we choose Bybit?

Bybit is a one-stop cryptocurrency exchange that provides users with plenty of trading options and a hassle-free copy trading experience. The exchange gives users full control and several customization options when copy trading.

Overview of Bybit

Bybit is one of the top crypto exchanges that provides users with a wide range of trading options and very useful copy trading features. The exchange serves more than 40 million users, while over 150,000 traders have joined its copy trading platform.

ByBit’s copy trading platform is easy to use and gives users plenty of filters to select the right trader for them to follow. Moreover, users get detailed information on traders, helping them to research and compare various traders. Additionally, the platform offers an autopilot mode that allows users to automatically open and close their trades.

With Bybit’s copy trading, users not only gain more control over their trades, but get several customization options as well. Users, for instance, match their preferred leverage, order types, and other trade settings.

Traders, on the other hand, get a percentage of the profits earned by users who replicate their traders. The percentage depends on the traders’ level, which, in turn, is determined by several factors, such as their performance, number of followers, and more.

Bybit coins, fees, payment methods & more

Cryptocurrencies	400+
Payment methods	Debit cards, Credit cards, in-person cash payments
Trading fees	Maker fee – 0.02%Taker fee – 0.055%
Customer service	Live chat, Email
Regulation	Licensed by Dubai’s Virtual Assets Regulatory Authority and Cyprus’ regulatory authority
KYC required?	Yes

Pros and cons of Bybit

6. Prime XBT – Best to build a diversified copy trading portfolio

Why did we choose Prime XBT?

We chose Prime XBT because it is a multi-asset platform. Thus, it allows users to create a more diversified portfolio that includes cryptocurrencies and other assets using the advanced copy trading functionality.

Overview of Prime XBT

PrimeXBT is a multi-asset broker that not only allows users to trade a wide variety of cryptocurrencies but also other assets, such as commodities, indices, and forex. It uses its own trading terminal, called PrimeXBT, which is known for its high-speed operations, advanced functionalities and a built-in copy trading function.

PrimeXBT’s copy trading feature is a bit different from other trading platforms. Prime XBT platform doesn’t allow users to replicate the trades of others; rather, it enables users to employ their strategies.  Users can copy more than one strategy at once.

The platform provides users with plenty of information, such as total profits, number of followers, their follower’s equity, days active, and more, to select suitable traders.

PrimeXBT charges a fee for copy trading. The fee, however, is only charged if users make a profit through copy trading. Irrespective of the fees, the platform allows users to diversify across multiple traders and markets.

Prime XBT coins, fees, payment methods & more

Cryptocurrencies	30+
Payment methods	Advcash, Perfect Money, Debit & credit card, SEPA transfers
Trading fees	Maker and taker fee of 0.05% for all crypto markets
Customer service	Live chat, Email, Social media platforms
Regulation	Incorporated and existing under the laws of Saint Lucia
KYC required?	No (optional)

Pros and cons of Prime XBT

7. Cryptohopper – Best crypto copy trading bot

Why did we choose Cryptohopper?

We chose Cryptohopper because it is a leading automated crypto trading bot that allows users to buy and sell cryptocurrencies automatically and facilitates easy and efficient copy trading. The bot supports many exchanges, giving users a plethora of options to copy trade.

Overview of Cryptohopper

Cryptohopper is a popular crypto trading bot that also allows users to automatically copy the trades of successful traders. Users just need to select a trader to follow, and their trades will automatically be mirrored in the user’s trade account.

To complement copy trading, Cryptohopper has a massive and active community where users can discuss and share their strategies and insights. This collaborative environment helps both new and experienced traders stay up-to-date with the latest market trends.

Additionally, users get the option to subscribe to trading signals, strategies, and bot templates in the marketplace. Such a marketplace gives users access to professional trading strategies and helps them make informed trading decisions.

Bots on the platform are adaptable and constantly evolving, and they can be easily customized to align with the investment objectives.

Cryptohopper coins, fees, payment methods & more

Cryptocurrencies	70+
Payment methods	Bank Transfers, Credit Card, PayPal, Bitpay
Trading fees	Plans ranging from free to $129 per month
Customer service	Live chat, Email, Social media platforms
Regulation	Registered with the Dutch Chamber of Commerce
KYC required?	No

Pros and cons of Cryptohopper

8. Trading 212 – Best for beginners

Why did we choose Trading 212?

Trading 212 has an easy-to-use trading platform suite, making it ideal for beginner investors. Though the platform doesn’t offer copy trading, its innovative ‘Pies’ feature helps investors in a similar way.

Overview of Trading 212

Trading 212 is a popular low-cost trading platform that serves millions of users in and around Europe. The platform doesn’t exactly offer a copy trading feature. Rather, it offers a similar but innovative feature called ‘Pies.’

A pie represents a diversified portfolio where users can automatically invest their money. Users can allocate any amount of money to a pie and choose from ready-made model pies or the pies shared by other fellow investors.

Users get full control over their investment, i.e. they can invest, withdraw, or change the pies anytime. Moreover, users can also customize the pies to align with their investment strategies, such as focusing on specific sectors, geographical regions or thematic investments.

Users are also encouraged to share a pie they built if they believe it will benefit the community. The platform and the pie features are simple and easy to use.

It must be noted that crypto trading on the platform is available only through CFDs, which are leveraged products where users do not actually own the asset, rather try to benefit from the price differential. CFDs are illegal in the US.

Trading 212 coins, fees, payment methods & more

Cryptocurrencies	–
Payment methods	Bank Transfers, Card Payments, Apple / Google Pay, PayPal
Trading fees CFD	Trading commission: FreeCustody fee: FreeFX fee: 0.5%
Customer service	Live chat, Email
Regulation	Cyprus Securities and Exchange Commission
KYC required?	Yes

Pros and cons of Trading 212

Different types of crypto copy trading platforms

Following are the different types of crypto copy trading platforms that users can benefit from:

• Exchange-based copy trading: Such apps or platforms are integrated directly within the cryptocurrency exchanges allowing users to copy gaining traders strategies at the same exchange. In such an exchange, users first need to register, complete KYC, deposit funds and choose the traders on the exchange to copy their strategy.
• Private copy trading: Such platforms allow traders to share their trading strategies within a community. Unlike public copy trading platforms, which are prone to strategy plagiarism, private platforms operate within closed groups where membership is restricted.
• Social copy trading: Such platforms operate a social trading community, allowing traders and investors to find each other. Users are allowed to browse the profiles of traders and copy their strategies. Along with copying, such platforms provide a learning atmosphere for new investors to boost their knowledge and experience.

How to choose the right crypto copy trading platform

You need to consider the following features to choose the right crypto copy trading platform:

• User-friendly interface: Make sure the platform you select is easy to use and navigate, irrespective of whether you are a beginner or an experienced investor.
• Trade execution speed: Similar to stocks, every second counts in cryptocurrency trading as well. Thus, it is important that you select a platform that can quickly and efficiently execute trades.
• Risk management tools: It is important to select a platform that offers many useful risk management tools. Tools like stop-loss and take-profit help minimize losses and maximize gains.
• Security and regulation: The platform you select must adopt strong security measures to protect your funds and personal information. Moreover, the platform must meet the regulatory requirements of the jurisdiction in which it operates.
• Customization options: Every trader’s needs are unique, and thus, it is important to select a platform that allows you to customize trading options, such as leverage level, stop-loss levels, and trade size. Customization options help you tailor your trading strategy according to your preferences and risk tolerance.
• Customer support: Quick and responsive customer support is crucial in addressing any issue you may encounter while using the crypto copy trading strategy. Moreover, you need to choose a platform that offers several ways to contact customer support.
• Variety of traders: Selecting a platform that is used by different types of traders raises your chance of making profits. It also increases the chances of you finding a trader that aligns with your investment strategy and goals.
• Interacting with traders:  In addition to copying, the preference must be given to a platform that allows you to chat and engage with traders. Such a feature will help you to hone your trading skills and increase your crypto knowledge.
• Performance metrics: The platform you select should provide clear performance metrics to help you make informed decisions. Information on metrics, including historical returns, trading history, success rate, and drawdown rate, maximizes your chances of success.  

The importance of using a US-registered exchange

In addition to the features listed above, using a US-registered exchange is also beneficial for traders and investors. In the US, crypto exchanges have to be registered as a Money Services Business (MSB) and are regulated by a number of bodies, including the SEC, CFTC, and FinCEN.

The biggest benefit of using a registered exchange or platform is in terms of investor protection. Regulatory authorities impose stringent rules and regulations on the platforms to ensure they are transparent and implement the best security measures.

It won’t be wrong to say that a registered exchange plays a crucial role in providing a safer environment for traders.

Risks of using a crypto copy trading platform

Crypto copy trading no doubt is a very useful feature, but it is not without risks. Knowing the risks will help a trader to maximize their trading profits. Some of the major risks associated with crypto copy trading are:

•  Dependency on traders: Copy trading makes a user too much dependent on the strategies of others. Though copying others is convenient, it kills your ability to try out things yourself. Moreover, blindly following others makes you prone to their mistakes and hinders your growth as a trader.
• Less control: Since you rely on others’ investment decisions, you lose some degree of control over your investment decisions. For instance, you must adopt the strategies and styles of traders you follow, even if they don’t match your preferences.
•  Risk of loss: Copy trading means following successful traders, but it doesn’t guarantee a profit. The crypto market is very volatile and moves very fast. So, an incorrect decision by the trader you follow may result in losses for you as well.
• Slow personal growth: While copy trading may grow your profits, it slows your growth as a trader. Since you are blindly following others rather than analyzing the market and coins yourself, it limits your ability as a trader and investor.

Benefits of using a crypto copy trading platform

In addition to raising your chances of making potential profits, crypto copy trading platforms offer more benefits. These are:

• Access to expert traders: Copy trading gives new users access to the strategies of expert traders. Traders also get access to expert traders’ risk management techniques, helping in protecting their investments.
• Reduces emotional bias: Copy trading frees you from the fear of emotions taking over-trading. If you follow other traders’ strategies, emotions like fear and greed won’t mar your judgment as the trading is automated.
• Time efficiency:  Copy trading is a very good option for individuals without time or limited time to analyze the market. Additionally, it helps to take out stress in trading.
• Easy diversification: Copy trading allows investors to easily diversify their portfolios by copying the trading strategies of more than one trader. This diversification not only helps to protect their investment but also maximizes their gains.
• Opportunity to learn: Copy trading provides users with a very good opportunity to learn from the successful strategies of other traders. If you are zealous about learning, then copy trading could make you more confident and help you grow as a trader.

What is crypto copy trading?

Cryptocopy trading is a simple trading strategy that allows users to copy the investment strategies of other traders. The strategy enables users to trade crypto without actively monitoring the markets. Moreover, users do not need to have fundamental and technical knowledge about the crypto market.

Crypto trading is a passive strategy, meaning any actions by the chosen trader will immediately be replicated in the users’ own accounts. For instance, if the trader you follow makes a gain of 10%, your account will also witness a gain of 10%.

Your monetary profit, however, will depend on your invested amount. If your investment amount is $1,000, your profit will be $100.

Platforms use specialized software to execute the copy trading strategy. The concept of copy trading is very simple. All you need to do is find a trader who is making money and replicate their strategies.

Similar to day and swing trading, copy trading is a short-term strategy. Moreover, the strategy is fully automated, meaning users don’t have to spend a lot of time and effort to trade crypto using the copy trading strategy.

It must be noted that copy trading doesn’t guarantee profits, but it significantly boosts your chances of making a profit. Additionally, the strategy helps users to diversify their investments.

Copy trading vs. social trading

Both social trading and copy trading share a common goal, i.e. allowing users to benefit from the expertise of others, but the two concepts are very different from each other. The major differences between the two approaches are:

• Definition: Social trading allows users to share their trading ideas and strategies with the community of traders. On the other hand, copy trading is a fully automated process that allows users to replicate the strategy of traders they want.
• Control: Social trading gives users more control over their trading as they are free to select whether or not they want to replicate their strategies. Copy trading, in contrast, offers users less control as it automatically replicates the trades.
• Community interaction: Social trading gives traders the opportunity to interact and share their knowledge with the trading community through forums, chats, and news feeds. On the other hand, copy trading allows users to follow individual traders and doesn’t offer the same level of community engagement.
• Risk management: Social trading offers higher diversification as it allows users to follow multiple traders with different trading strategies and risk profiles. Copy trading, in contrast, replicates strategies of user-selected traders only, thereby offering comparatively less diversification.
• Learning opportunities: There are higher learning opportunities in social trading as it allows users to interact with peers and experienced traders. Copy trading offers limited learning opportunities as users are not actively engaged in the trading process.

How to start crypto copy trading

Crypto copy trading is simple to start and requires just a few clicks as the process is fully automatic. Users need to follow the below steps to start crypto copy trading:

1. Select a platform: The very first thing you need to do is select a platform offering a copy trading feature. The platform you chose could be a single exchange or a dedicated copy trading platform that connects to multiple platforms.
2. Select a trader to follow: Research the traders on the platform you want to follow. You can consider the traders’ historical performance, their risk profile, and strategy to select a trader to follow.
3. Click follow: Once you select a trader, click the ‘Follow’ button on the trader you want to follow. You can follow more than one trader.
4. Select copy trading settings: You need to select different copy trading settings, such as money allocated for trades, minimum/maximum amount per trade and when to stop copying the trader.
5. Monitor the results: Your work is left even after you follow a trader and select copy trading settings. It is important that you regularly monitor the trades, as this will help you decide if any change is needed in copy trading settings or if you want to stop following a trader and follow another to maximize the gains.

Methodology: How we chose the best crypto copy trading platforms

As said above, we analyzed the best crypto copy trading platforms on a number of parameters. We assigned scores to each platform based on the parameters we considered. Moreover, our expert reviewers also used their own experience with the platform to judge subjective qualities.

We used the scores – both of quantitative and subjective qualities – to arrive at the list of best crypto copy trading platforms. Some of the parameters that we considered are:

Number of active users: A platform with a larger number of active users is considered to be reputable. Additionally, the higher the number of users, more are the chances of users finding the right trader for them to follow.

Number of cryptocurrencies available: We gave preference to platforms that support more cryptocurrencies. Moreover, we also focused on whether or not the platform offers less popular or new coins.

Lowest fees: Copy trading is usually a paid feature, and the fee is mostly in the form of standard trading commissions. Some platforms also charge a profit-sharing commission, with profit sharing going to the trader. We gave preference to platforms that charge lower fees from users.

Easy to use: Since copy trading features are most helpful to beginners, we preferred platforms with simple and intuitive interfaces.

Trade execution speed: We considered the time each platform took to execute an order placed by the copy trader. An efficient platform executes the orders in milliseconds, implying no slippage. A slow platform might result in an unfavorable entry or exit price.

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