Among the numerous tools available in the crypto world, including Earn, Staking, Trading Bot, Snowball, Futures etc., there is one in particular that I have never talked about: copy trading.
This is an operating mode that allows users to copy the actions of another trader, the only "choice" to make is which trader to copy who will have absolutely no access to our funds.
DISCLAIMER: It should be remembered that when investing capital, it is always better to assume one's responsibilities and be aware of what one is doing because the copied trader could make losses, so whoever chooses this path must follow the movements, monitor and study the data and always be ready to intervene.
Copy trading can be performed on two of the major exchanges: Bybit and Bitget.
Quick cost/fee analysis:
Bybit: 0.075% for each trade, variable but very competitive spread, 10% of profits to the copied trader, minimum 10 USDT, maximum 1,000 USDT.
Bitget: 0.05% for each trade, fixed spread of 0.1% (usually slightly higher than Bybit), 4-8% of profit to copied trader, minimum 10 USDT, maximum 3,000 USDT.
In both it is possible to read the ROI (Return Of Investment), but on Bitget the total P&L* (Profit & Loss) and the PNL* (Profit and Loss Statement) of the followers are immediately visible
* P&L indicates the profit or loss realized from an investment in a specific period of time net of costs (Revenues - Costs)
example: trader buys 1 Bitcoin at 30,000 usd and sells it for 40,000 usd, pays 500 usd in commissions, P&L = 9,500 usdPNL: indicates the profit or loss from an investment in a specific period of time (Final investment value - Initial investment value)
example: trader buys 1 Bitcoin at 30,000 usd and sells it at 40,000 usd, PNL = 10,000 usd
It is a possible alternative to diversify your investment portfolio and is worth considering, but it is not recommended for those who believe they can make easy profits without commitment.
It gives the opportunity to learn new things, as well as achieve successes or make mistakes.
Have you ever used copy trading?
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Nexo and Nexo Card (Earn crypto at the highest rates, get 2% cashback on your purchases and receive 25$ when you register and deposit 100$)
https://nexo.com/ref/j6atsfddtw?src=android-link
Freecash (earn 20/100$ each month without cash investment)
