It seems like everyone in the crypto world, is investing and trading crypto right now, and some are striking wealthy people. However, buying and selling crypto involves a lot of research, practice, and moving parts successfully. Luckily, this doesn't signify you have to miss out. 

If you are new to the world of crypto and haven't put the time in to develop a thriving trading technique and master the markets, copy trading will enable you to profit just like the pro players. 

What is Crypto Copy Trading?

Crypto copy trading is a concept that allows anyone to copy the accurate trades of proven cryptocurrency investors on autopilot, completely automating the entire crypto trading process. 

When comes to traditional crypto trading, you need to analyze the markets, look at trading charts, and perform quite a bit of analysis to sustain your trading decisions. Moreover, after placing a buying or selling trade, it's up to you to handle the trade and exit at the right time. 

But, Crypto Copy trading is quite a different one. It provides newbies and passive traders with a way to profit from crypto markets without really having to do anything at all. To copy trade, you simply choose an investor you would like to copy from one of the copy trading platforms that is mentioned below, sync your trading account, and let technology handle the rest. 

What are the benefits of Copy Trading?

There are many benefits the copy trading, here we have covered just a few: 

(i) It enables first-time traders to enlighten themselves with the financial markets and achieve the confidence to trade.

(ii) Assist new crypto investors to learn how to trade, by scrutinizing the actions of other, sometimes more proficient traders.

(iii) Allows more professional traders or investors to take part in the market. Even when they are too busy, and not able to invest the time and research they should devote themselves to trading naturally. 

(iv) You can copy trade on diverse instruments including stocks, commodities, foreign exchange, and much more.,

(v) Create a community of traders, beginners and highly proficient alike, who can exchange ideas, and strategies and try to enhance their trades together. 

The Rise of Copy Trading

Initially, we need to verify that there are two main types of traders, those who follow seminars, endeavor to compile processes, follow all market trends, and enjoy expert trading fees. Then you have the other group that wants to earn money with as little input and effort as potential. For the latter, mirror or copy trading was developed and has suited many as the ideal solution. 

The increase in the past five years of copy trading has been rapid, for its primary reason is that many traders "trust" this system, and have a pleasant feeling that they are not trading alone. Copy Trading is not only for inexperienced traders, many expert traders can utilize this copy trading as a means of market research, it saves time and could be part of a new technique that could be enforced and beneficial. 

Is copy trading profitable?

Of course! Yes! After all, social trading has persisted in to surge in popularity, and with the right reason. If people were not earning money from it, then people wouldn't persist to do it. It is that simple. 

But there are things that you should take in mind when regarding copy trading and profitability. Just as businesses must know their customers, so too should you do your due tenacity when choosing a reputed trading platform. Copy trading should only be done through an authorized source. Regulatory concerns are also something to consider. Most social trading platforms, containing the ones that provide copy trading are regulated.

Copy Trading Software

Copy Trading Software (bot trading software) enables individuals to copy the trades managed by the trade expert. These can be provided by proprietary software or by third-party platforms. With this software, traders are excited about copy trading. Because it provides the quickest way to make money. It is also known as Shadow trading, and it is the most popularized way to make money in the market. 

Crypto investors use these copy trading platforms to find good trade strategies and execute their trades. Copy trading platforms assist them to stay organized by allowing them to tag their trades and plan forward. 

How Does Copy Trading Software Work?

The working mechanism of the copy trading platform is simple. It connects the trader's portfolio with the subscriber's portfolio that you want to follow. The master account's trades will be reflected in the associated accounts. Here, subscribers can track, modify and cancel their trades which are replicated from the main trader. People can post trades directly when they get enough knowledge about the market. Here, the software account of the user alone connects with the master account. So, account holders have control over those features such as deposits and withdrawals. 

Copy Trading Software Development

Maticz is a market-leading Copy Trading Software Development Company, offering world-class copy trading platforms with the most requisite features and security protocols. There are two effective techniques to construct this specialized software. Here, copy trading platform features and specific functionalities are developed from the ground level. It is completely personalized and designed to the client's preferences. This will take longer to deliver when compared to white-label crypto exchange solutions.

White Label Copy Trading Software

White Label Copy Trading Software is ready to deploy crypto trading software built with high-tier security implementations. This software has already been designed, developed, and tested. Only the platform's UI and a few slight modifications are allowed. The platform's developmental expense will be less.

How to Build a Copy Trading Platform?

1. Market analysis is the most effective strategy to know about the crypto market. From this, we can get more information about the existing platforms in the market. It helps to know who will be your competitor of yours locally as well as globally.

2. Finding the target audience will take the business to the next level. Also, set the target location and assess the jurisdiction rules of the country.

3. Tie up with a reputed, experienced service provider.

4. Handshake with the bank or payment solution provider to get smooth transactions. That may be automatic or manual.

5. Implement the platform with the features such as robust copy trading tools, KYC/AML verification, hot/cold wallet, cross-platform compatibility, and security features.

6. Involve in the intensive testing process and eliminate errors.

7. Involved in beta testing and rectifying the glitches at last launches it officially into the market.

8. Use marketing strategies to get more users through various communication channels.

9. Set up a customer support team to respond to complaints from customers.

Features of Copy Trading Software

1. Advanced copy trading tools to improve the quality of the trading.

2. Even if they have no prior trading knowledge, newcomers can trade like seasoned traders.

3. Choosing a trading strategy that is suitable for our style.

4. Cold wallet that supports all cross-wallets.

5. Regular audits that improve market security and reduction of harmful activity.

6. Demo account, which is a virtual platform that facilitates learning trading tactics.

7. Customer service options including live chat, email, and smartphone support.

Security Features of Copy Trade Software

1. Cold storage supports multi-coins

Offline storage isn't connected to the internet and can hold a larger number of cryptocurrencies.

2. Two-factor authentication (2FA)

Here, passwords are present in the form of fingerprints, retina patterns, OTP, and Email verification. It assists in preventing illegal access to the account.

3. Multisignature Wallets

It secures the wallets by providing multi-security keys to conduct secured transactions.

4. DoS, DDoS, CSRF & SSRF are essential security features for the crypto copy trading platform.

How is Crypto Copy Trading Helpful for New Traders?

Many successful crypto trading often requires many hours of time and research. Not only do you have to know how to locate "hidden gems" and trading opportunities, but you must also manage each trade, which carries even more time, and strict control over your emotions. 

This copy trading eliminates the requirements for all of this work. It lets anyone - nevertheless of their experience or skill. Without investing their time, you can earn profit from investing in crypto markets.

Easy-to-use for Newbies

However, while the profits you can achieve with crypto copy trading rely largely upon the trader or firm whose trades you choose to mirror, copy trading in general is extremely easy to use for new traders. You don't have to analyze, research, or even place trades. With the help of this amazing concept - Copy trading, crypto investing couldn't get any easier. 

A More Hands-off Approach

Everything in crypto copy trading is done for you on autopilot. It is a static approach to trading that permits you to cash in on the crypto markets without much effort or time. You simply scrutinize the techniques you are copying and make adjustments as needed to minimize losses and maximize profits. Compared to the average trader, advanced analysis, frequently keeping an eye on the markets. Crypto copy trading is as hands-off as trading earns. 

Minimal Investment

Minimal Investment is another reason for new traders that are helpful to utilize crypto copy trading. Actually, with an ample amount of the best crypto copy trading platforms in today's crypto world, you can start copy trading and growing your account or crypto wallet with as little as $200.

Top Crypto Copy Trading Platforms that will rule the crypto market in 2023

In today's crypto world, it seems like every people is jumping into cryptocurrency to try and strike it rich or make easy money. However, with thousands of various cryptocurrencies now available to invest or trade-in, there are lots and a lot of crypto copy trading platforms and strategies to prefer from.

While finding the most profitable investor to copy is still up to you, we have saved you the hassle of finding them for yourself. After extensive research and putting dozens of copy trading platforms to the test, we have rounded up 13 of the most suitable crypto copy trading platforms in today's crypto industry.

Bybit

The Best Overall Crypto copy trading platform in 2023 is Bybit. It makes coping the trading quite easier way. With this Bybit, you can easily find traders to copy automatically open and close the same trades they execute, and watch your crypto balance grow. Simply says, all-in-one user-friendly, and single platform. Principal traders can permit others to copy their strategies and trades and receive 10 percent of the profits earned by each follower. 

eToro

eToro - One of the pioneers of Social trading and Copy trading is the best crypto copy trading platform for newbies looking to connect, profit, and follow other traders' expertise. Extremely original yet super functional and user-interface, eToro's Crypto copy trading platform renders some of the industry's most creative social trading features. 

3Commas

The 3Commas is another copy trading platform also the best platform for the trading bot - that provides clients with plug-and-play bitcoin and crypto trading bots. Within their trading community, proficient traders share their strategies with others to build up a community of traders benefiting from one another. 

This 3Commas - is all about the trading bots. As one of the best crypto copy trading platforms for trading bots, you can copy a trade using any number of strategies. You just prefer the copy trading strategies you want to copy, and the bot will handle the rest.

Shrimpy

Shrimpy - is the most suitable platform for Portfolio Rebalancing tool & the most popularized social trading platform. Possibly, one of the best crypto copy trading platforms, due to its uber-adaptable lineup of crypto copy trading tools and resources. It comes with user-friendly interactive, responsive customer support, and a range of impressive features not offered by most other platforms.

Pionex

Pionex - best crypto trading platform for cash-strapped traders on a budget. Do you know why? Because it is completely free! With Pionex, you will have 16 free crypto copy trading bots to prefer from, which can assist you to begin to see profits before you have even decided on your preferred trading strategy. 

Boost your Crypto Portfolios with Copy Trading

Copy Trading is one of the finest ways to automate your investment techniques. It eradicates the guesswork and the absence of experience that is required when choosing how to invest your hard-earned money. Of course, the copy trading strategy might not be the most suitable strategy for all investors. But copy trading systems have worked for many retail investors.

Before investing, we suggest that you thoroughly analyze the associated risk with crypto investment. Note that some of these highly skilled traders are using complex derivatives instruments, which may bring high rewards. But they also expose you to more significant financial risks. 

To overcome this kind of riskier thing, We Maticz offers you the top-notch Crypto copy trading software development platform that makes white label copy trading software to create your own highly secured crypto trading platform. 

Why Maticz for Crypto Copy Trading Software Development?

Maticz is the leading Cryptocurrency Exchange Development Company that offers world-class crypto exchange platform solutions. We provide services such as white-label crypto exchange, token creation on specific standards, DEX platforms, Defi, and NFT marketplace platforms in the crypto field at an affordable price. All of these services can be built and tailored according to the client's requirements.

Our blockchain professionals will collaborate with you to build your dreamier platform, ensuring the highest level of security that generates consistent revenue and significant profits. If you’re a crypto enthusiast and want to start a copy trading platform, you can directly approach us. We'll always be available to support you to launch your crypto business on the right track.

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