What is crypto copy trading?

Crypto copy trading is a trading strategy that uses automation to buy and sell crypto. It lets you copy another trader's methods, so you don't need a lot of time or experience yourself. The whole concept of crypto copy trading revolves around the idea of identifying successful traders and mimicking their actions.

What is eToro copy trading?

Bybit is a centralized exchange (CEX) that recently launched their copy trading feature. A platform for social trading. In addition to copy trading tools, eToro allows for community discussion, which helps traders to learn from the traders they copy.

Is copy trading profitable?

In short, copy trading can be immensely profitable. We see a growing popularity in copy trading, which would not be happening if people were losing money. Nevertheless, copy trading — without a proper approach — can cost you dearly. Whether or not copy trading is profitable mostly depends on the trader you are copying.

How do I copy trade on Bybit?

If you want to give copy trading on Bybit a try, follow these simple steps: Create a copy trading account: Begin by setting up a crypto copy trading account on your existing Bybit account. Once you've done this, you can go to the Derivatives tab and click on the Copy Trading option to begin trading.