Crypto exchange Binance has launched a copy trading service

Crypto exchange Binance has launched a copy trading service

To meet a significant demand from its users, the crypto exchange is Binance announced that they are launching a copy trading service: Click here to access it.

As the name suggests, this service allows you to copy in real time the trade executed by “qualified and experienced traders”indicates the official announcement of the crypto trading giant, which has more than 191 million users worldwide!

“Binance is pleased to announce the launch of Spot Copy Trading, which is available on both the Binance website and the Binance mobile app.

Users (i.e. “Copy Traders”) in eligible regions can start copying real-time spot trading strategies from experienced and qualified traders (i.e. “Lead Traders”) through Copy Trading. », we can read in the press release.

Binance specifies that iThere are two types of Copy Trading modes: fixed amount and fixed ratio.
These options give users the flexibility to determine how they want their trades to be executed.

Before choosing which traders to copy, Binance users must can review the performance metrics (eg ROI, PnL) of each Lead Trader’s portfolio before copying Lead Traders’ strategies that match their risk tolerance profile.

Copying an experienced trader does not guarantee guaranteed profits, the best traders in the world also sometimes lose money in certain trades that did not work as expected.

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For experienced traders, this is an opportunity to make money: they will receive 10% of Copy Traders’ profits and 10% of the commission on Copy Traders’ trading fees.

How to start copy trading on Binance:

Step 1 : Log in to your Binance account and click [Trade] > [Copy Trading].

2nd step: Choose [Spot Copy Trading].

Step 3: Select the preferred wallet and click the button [Copier] to begin.

Expected by many Binance customers, this Copy Trading service should logically be successful.

If you would like to discover this copy trading service on Binance: Click here.

If you do not yet have an account on Binance, you can open one for free: click here to access the official website in French.

An announcement that comes as the Bitcoin price rises to the $65,000 level today.

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