Binance offers a Copy Trading feature that lets users replicate the trades of experienced traders, making it easier for beginners to enter the crypto market. By using this feature, you can follow and execute the same trades as your selected Lead Trader without having to constantly monitor the market. Keep reading to learn how to get started with Binance Copy Trading quickly.
1. To start, you will need a Binance account. Visit the Binance website and click [Sign Up]. Follow the prompts to complete the registration, including email and identity verification.
2. After setting up your account, deposit funds into it. Go to the [Wallet] section and choose [Deposit]. Select your preferred cryptocurrency and follow the steps to transfer funds from your external wallet to your Binance account.
3. Then, navigate to the [Trade] menu at the top and click on the [Copy Trading] option to access the platform.
4. On the Copy Trading platform, you will see a list of traders you can follow (see image below). Each trader's profile shows their trading performance, strategies, risk levels, and historical data. Review these details and choose a trader who matches your investment goals and risk tolerance.

5. Once you have chosen a trader, allocate funds to copy their trades. Note that your Copy Trading account balance is separate from your main Binance account. Click [Copy] to choose the method and specify the amount of capital to allocate. Binance offers two methods for copy trading: Fixed Amount and Fixed Ratio
Fixed Amount invests a fixed sum per order until the allocated funds are depleted. This method allows for precise control over the investment amount. You can also set a Total Stop Loss to limit potential losses.Fixed Ratio opens orders based on the Lead Trader’s position size and your available balance. For example, if the Lead Trader places a $5,000 order with a $50,000 portfolio (10%), and you have $5,000 invested, your corresponding order will be $500 (10%).
6. In the [Advanced Settings], you can also adjust parameters like margin mode, leverage, and position risk.
7. Even though copy trading automates your trades, it's crucial to monitor your account regularly. Track the performance of copied trades and adjust your settings or stop copying a trader if their performance doesn't meet your expectations.
Learn more: Your Guide to Binance Copy Trading.