{"id":9018,"date":"2023-08-14T12:16:46","date_gmt":"2023-08-14T12:16:46","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9018"},"modified":"2025-09-10T15:27:19","modified_gmt":"2025-09-10T15:27:19","slug":"what-is-crypto-coin-copytrading","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-crypto-coin-copytrading","title":{"rendered":"What is crypto coin copytrading?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-crypto-coin-copytrading\/#what_does_copytrading_mean\" >What does copytrading mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-crypto-coin-copytrading\/#how_does_copytrading_work\" >How does copytrading work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-crypto-coin-copytrading\/#is_it_safe_to_copy_trade\" >Is it safe to copy trade?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-crypto-coin-copytrading\/#what_are_the_advantages_and_disadvantages_of_copytrading\" >What are the advantages and disadvantages of copytrading?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>If you are one of those who loves to copy and paste to solve things in life, this article on\u00a0<b>what is crypto copytrading\u00a0<\/b>can be very useful.<\/p>\n<p>I consider myself to be one of the lucky ones who uses copy and paste for everything. I don\u2019t like to make the same mistakes that people have made before me, because it would be a waste of time.<\/p>\n<p>So, first I spend my time observing how the successful ones do it, then I copy them and once I have it figured out, I start putting my own stamp on things.<\/p>\n<p>That\u2019s what this article is all about. Crypto currency copytrading<b>\u00a0is a mechanism that serves to copy exactly the buying and selling strategies of successful crypto investments, through a certain platform.<\/b><\/p>\n<p>It is a question of just leaving the ego aside, and of\u00a0<b>learning from the success of the others.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_does_copytrading_mean\"><\/span><b>What does copytrading mean?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Copytrading means copying the open positions of one or more inverters into trade cryptocurrency automatically, within a network.<\/b><\/p>\n<p>To do this, the copying trader has his account linked to that of the original investor. In this way actions such as<a href=\"https:\/\/www.bitnovo.com\/\">\u00a0buying or selling crypto currencies<\/a>\u00a0are executed\u00a0<b>synchronously in both profiles.<\/b><\/p>\n<p>In most cases, the copier of the cryptocurrency exchange has the flexibility to stop the copied trades and manage them on his own. This means that\u00a0<b>you can end the copytrading-based relationships that have been initiated, as you see fit.<\/b><\/p>\n<p>Original investors, whose trades are being copied,\u00a0<b>often earn commissions<\/b>\u00a0(through month-to-month subscriptions) as compensation.<\/p>\n<p>There are several platforms available for crypto exchanges, and they use a wide range of options to facilitate trading. Several copy trading platforms allow traders to place stop loss orders even if they make a full copy, so that they can exercise control over their potential risk.<\/p>\n<p>It is true that this may be a little difficult for those just starting out in the world of trading, but this type of mechanics is a true reflection of why trading has increased in interest in recent years.<\/p>\n<p>Copytrading is a popular option for traders and there is a large active community if you want to exchange opinions or advice.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how_does_copytrading_work\"><\/span><b>How does copytrading work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Users must copy the strategies with the automated system of the chosen platform.<\/p>\n<p>When a trader makes copy trades,\u00a0<b>a part of his wallet is linked to that of another user<\/b>, and all his open trades can be copied from one account to another. All future actions will also be automatically copied.<\/p>\n<p>Let\u2019s take<b>\u00a0the example of how copytrading\u00a0<\/b>works on one of the most recognized platforms, EToro:<\/p>\n<p>Let\u2019s imagine that person A has extensive experience and success in the market and there is a new trader: person B. Trader B is a novice, without any trading strategies, but he still wants to invest his money in the market and not just<a href=\"https:\/\/www.bitnovo.com\/en\/buy\/bitcoin\/\">\u00a0buy cryptos<\/a>\u00a0in the hope of making a profit by<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-hold\/\">\u00a0holding<\/a>.<\/p>\n<p>Trader B has<b>\u00a02 options<\/b>:<\/p>\n<ol>\n<li>Trade blindly hoping to make a profit.<\/li>\n<li>Copy successful traders after analyzing them for some time.<\/li>\n<\/ol>\n<p>If I were Trader B, I would choose option 2. There are other factors that I would take into account such as diversification of investment, money management and choosing carefully the person you are going to copy.<\/p>\n<p>A trader can imitate a maximum of 20 traders, but the minimum investment amount is $50 for each trader copied. So once trader B chooses to copy trader A, any trade that A opens in his account will be opened in trader B\u2019s account.<\/p>\n<p>Suppose trader A has $1000 in his account and opens a trade for $200. Now let\u2019s suppose that operator B has $200 dedicated to copy operator A, then the same charge on operator B\u2019s account will be equal to $40 (20% of the equity). Every time trader A closes a position with profit or loss, the same position will be closed on the copiers as well.<\/p>\n<p>It\u2019s that simple.<\/p>\n<div id=\"image_1744558425\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-1024x770.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-1024x770.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-300x226.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-768x578.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-1536x1156.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1.jpg 1595w\" alt=\"que es el copy trading de criptomonedas Bitnovo\" width=\"1020\" height=\"767\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-1024x770.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-300x226.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-768x578.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-1536x1156.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1.jpg 1595w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/que-es-el-copy-trading-de-criptomonedas_1-1024x770.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"is_it_safe_to_copy_trade\"><\/span><b>Is it safe to copy trade?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Like everything in crypto trading,\u00a0<b>copytrading also has its risks<\/b>. That is why it is important to practice it on known platforms that have proven to have a reliable track record in the market.<\/p>\n<p>Sometimes it is better to give up a little money (e.g. by choosing to pay more commissions) but make sure that the platform will work as it says.<\/p>\n<p>Never forget to also consult the opinions of specialists or google what the general public has to say about a certain platform.<\/p>\n<p>If at first you don\u2019t feel too safe trading on copytrading sites, don\u2019t worry as on most platforms\u00a0<b>there are numerous security solutions<\/b>. A good example is \u201cCopy Stopp Loss\u201d which will stop copying strategies once a previously established maximum loss level has been reached.<\/p>\n<p>Another recommended practice for newcomers is to copytrade without risking money. How? Certain platforms allow you to\u00a0<b>trade without risking your money<\/b>, by opening a test account that trades with free virtual money.<\/p>\n<p>This way you can practice without risk until you understand the mechanism of operation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_are_the_advantages_and_disadvantages_of_copytrading\"><\/span><b>What are the advantages and disadvantages of copytrading?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Pros of copytrading<\/b><\/p>\n<p>\u2013 Copy trading is a simple way to enter the market of crypto assets trading as it requires\u00a0<b>a minimum of experience and knowledge<\/b>.<\/p>\n<p>\u2013 You don\u2019t have to be a successful trader or analyze every market movement on a daily basis, as\u00a0<b>the successful investor will do this for us<\/b>.<\/p>\n<p>\u2013 Generally, novice traders get carried away by emotions, but thanks to copytrading you will have\u00a0<b>the coolness of an experienced trader<\/b>.<\/p>\n<p><b>Cons of copytrading<\/b><\/p>\n<p>\u2013 It\u2019s not easy to find the right trader as there are a<b>\u00a0lot of traders<\/b>\u00a0with different strategies and results.<\/p>\n<p>\u2013 You are not in charge and the trader you choose will take control of your investments. You need to trust and know how to delegate.<\/p>\n<p>\u2013 As always in copy trading and social trading, there is innate risk as\u00a0<b>no one can accurately predict results<\/b>. Even if you are an experienced trader, success is not guaranteed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>If you are one of those who loves to copy and paste to solve things in life, this article on\u00a0what is crypto copytrading\u00a0can be very useful. I consider myself to be one of the lucky ones who uses copy and paste for everything. I don\u2019t like to make the same mistakes that people have made [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-9018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9018"}],"version-history":[{"count":2,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9018\/revisions"}],"predecessor-version":[{"id":24775,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9018\/revisions\/24775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/6144"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}