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Best Crypto Copy Trading Platforms in 2024

By Onose Enaholo - Updated 09 May 2024
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A crypto copy trading platform lets you replicate the trades of other traders, making it a great solution for beginners and people who want to learn from those with more experience. This article will explore the best place to copy trade crypto and how to get started.

Best Crypto Copy Trading Platforms - Our Top 3 Picks

Looking for a quick answer? Here are our top 3 recommended crypto copy trading platforms to use for buying and selling cryptocurrency.

1
Min Deposit
$ 100
User Score
4.95
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
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Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2
Min Deposit
$ 100
User Score
4.95
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA
3
Min Deposit
$ 1
Promotion
User Score
4.9
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
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Description:
Kraken is a San Francisco-based cryptocurrency exchange that allows users to trade various digital currencies. With a strong emphasis on security, Kraken employs cold storage for most funds and offers two-factor authentication (2FA). Its user-friendly interface provides real-time charts and order books, making it suitable for both beginners and experienced traders. Kraken also complies with regulatory requirements in the jurisdictions where it operates.
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

The Top Crypto Copy Trading Platform Reviewed

eToro is currently the only reliable platform that provides crypto copy trading services. Let’s take a look at it in more detail.

  1. eToro – Best Overall

eToro is the best place for crypto copy trading. Although it doesn’t really have any competition in this area, its features are nonetheless impressive and have proved a hit with millions of users. eToro’s social investing community is a great place to connect with other traders, discuss strategies, and take advantage of collective wisdom.

The innovative CopyTrader feature lets you automatically copy the trades of experienced traders. You can look at stats on other users to find someone with your preferred risk tolerance and profit margin to copy. You can even earn a second income if other users copy your trades.

Pros

  • Copy trade dozens of the most popular cryptocurrencies

  • Connect with other traders

  • Earn a second income by getting copied

  • View risk profile and profit margin of other traders

  • Social news feed

  • Trade stocks, forex, and ETFs in the same place

  • Regulated by FCA and CySec

  • Industry-leading security protocols

Cons

  • Somewhat limited number of cryptocurrencies

What is a Crypto Copy Trading Platform?

A crypto copy trading platform lets you replicate the trading activities of other traders. You can select a successful trader to copy and every time they make a trade, the same trade will automatically be applied to your account.

How to use a Crypto Copy Trading Platform

Here is a simple three-step process to get started with crypto copy trading.

1. Choose a crypto copy trading platform

This is an easy decision as eToro is the only real option. The best platforms are secure, regulated, and rich in useful features—all things that eToro offers. You can sign up with eToro through the link below.

1
Min Deposit
$ 100
User Score
4.95
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

2. Create an account and make a deposit

Click the “Join Now” button and provide a username, email address, and password to create an account. You will need to complete the KYC process by providing a photo ID and proof of address, then you can choose a payment method to fund your account.

3. Start copy trading

You’re now ready to start copy trading. Go to the CopyTrader feature, select crypto as the market, and find a trader with a risk profile and percentage return that suits you. Then all you have to do is click “Copy” to get started.

How To Choose a Crypto Copy Trading Platform

Although eToro is the only reliable crypto copy trading platform, there are some factors that you may wish to look into before committing to using any kind of platform. Some of these are explained below.

  • Fees  It’s useful to know upfront how much you’ll need to pay in fees before you start using any platform. Costs to check for include trading fees, commission, spreads, and deposit and withdrawal fees.

  • Security – Make your sure your funds will be safe before making a deposit. Platforms may offer cold storage, 2-factor authentication, and insurance.

  • Extra features – If there are other features you want, check whether your platform offers them—for example, charting tools, margin trading, or other asset types.

  • User experience – It’s important you feel comfortable using your trading platform—this means a clear layout that’s easy to navigate.

  • Coins available – You can find out from a platform’s website which coins it supports. If you want to trade a particular coin, check that it’s available on your platform.

  • Customer support – If you need help on your trading journey, customer support is very useful. Platforms may offer chat, phone, or email support.

  • Payment options – Most platforms support a range of payment methods for making deposits. You can find out which ones are available on the website.

  • Privacy – You will need to provide some personal information and documentation to verify your account, but reliable platforms won’t share this data without your permission.

Final Thoughts

If you’re just getting into crypto trading or want a helping hand from traders who are already successful, a crypto copy trading platform could be a great tool to improve your profitability. Your choice of crypto copy trading platforms may be limited, but eToro’s security, innovative technology, and deep feature set should provide everything you need to get the most out of copy trading.

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