Have you ever thought about making profit from crypto without trading yourself?

Binance has a great feature that helps you do just that: Copy Trading.

In this article, I will guide you how to participate in Copy Trading on Binance in the most detailed and easy-to-understand way.

1. What is Copy Trading?

Simply put, Copy Trading is when you copy the trades of a professional trader.

All their buy, sell and risk management orders will be automatically copied to your account.

This helps you take advantage of other people's experience without having to figure out too much yourself.

2. Why Should You Use Copy Trading On Binance?

  • Save time: You don't need to monitor the market 24/7.

  • Learn from top traders: You can observe and learn trading strategies from experienced people.

  • Security Features: Binance provides a reputable platform that ensures the safety of your account and assets.

3. Conditions To Participate In Copy Trading On Binance

Before starting Copy Trading, you need to meet the following conditions:

  • Register for a Binance account: If you don't have an account yet, sign up. The registration process is quick, you just need to provide an email or phone number.

  • Account Verification (KYC): To ensure safety and compliance, you need to verify your identity on Binance. The verification process involves uploading your ID or passport and performing facial verification.

Only after completing both of the above steps will you be able to participate in features like Copy Trading.

4. How to Start Copy Trading on Binance

Here are simple steps to get you started:

Step 1: Log in to your Binance account

First, you need to have a Binance account. If you don't have one, you can register as above. Make sure you have completed the account verification steps for added security.

Step 2: Access the Copy Trading section

After logging in, on the menu, select Trade -> Copy Trade

Select Copy Trading Binance

Step 3: Select Trader To Copy

Here you will be able to choose to copy Spot or Futures trades.

Here you will see a list of top traders with information such as: profit margin, risk and number of copiers.

You can click on each trader to see details about their strategy and trading history.

Choose the trader that suits your style and goals.

Binance copy trading interface

Step 4: Set Amount To Copy

Once you have selected a trader, you will need to set the amount you want to invest.

Binance allows you to adjust the risk level and the amount of money you want to copy in proportion to the trader.

Step 5: Confirm and start Copy Trading

Finally, click the Confirm button to start copying the trader's trades.

From here, all their trades will be automatically copied to your account.

5. Risk Management

While Copy Trading can help you make quick profits, no strategy is completely safe. Here are some tips for managing risk:

  • Don't put it all on one trader: Diversify and copy different traders to minimize risk.

  • Monitor performance regularly: Don't forget to monitor your results and change traders if necessary.

6. Summary

Copy Trading on Binance is a great way to get into the crypto market without much experience.

However, it is important that you choose carefully and manage your risks properly. Wishing you successful trading and sustainable profits!

Register Binance accountto join Copy Trading Binance.

Hopefully this article has helped you better understand Copy Trading and how to get started on Binance.

Try it today and experience it!