Besides contract trading, one of the unique selling points of BitYard is copy trading. This is an awesome feature that you won't find on big exchanges like Binance or Coinbase. You do not need a professional trader yourself to trade like one.
Copy trading on BitYard is easy. Let me show you how it works.
What is Copy Trading?
Trading requires you to spend a lot of time, not only for researching the markets by constantly following the latest market news but also for trading itself.
This means that being a successful trader, you need to invest a lot of time. For this reason, many cryptocurrency investors prefer just to hodl their funds. Especially as a beginner who still has to learn the basics of cryptocurrency trading or as someone who just does not have the time to do all the research, copy trading is a great way to benefit from the experience of a professional trader.
The good news is that you do not need to spend that time on researching and trading when you can simply copy the trades of successful professional traders automatically. It is as easy as simply hodling your crypto. Choose a successful trader, copy the trades automatically, and then just lean back and enjoy the show.
How does it work on BitYard?
BitYard is a cryptocurrency exchange that offers this feature, a feature that makes BitYard stand out from other cryptocurrency exchanges, even from such big names in the industry as Coinbase and Binance.
Setting up a copy trade on BitYard is actually pretty easy.
First of all, you need to have some USDT in your BitYard account. To start copy trading navigate to "Copy Trade" on the upper navigation bar.
There you will find the profiles of different professional traders who are allowing you to copy their trades.
I have chosen the trader called Looper.
Click on his profile to see more information about him and his past trades.
When you click on the Copy Trade button on the trader's profile, this window will appear.
You can start copy trading with as little as 5 USDT. I put in 10 USDT to try it out and confirmed the action by clicking the Copy button.
That's basically all you have to do to become a professional trader yourself.
After a few hours, I already made my first profit of more than 2 USDT. Considering that I only used 10 USDT, that's an awesome result.
You can edit your copy trade any time and top up your copy trading amount.
After copying a trader, 8% of the net profit per order will be shared with the trader as a reward.
When you are a professional trader yourself, you can also earn this reward as copy trading also works the other way around. If you are a professional trader then you can simply let other users copy your trades and create a win-win situation.
It is so easy that even the most inexperienced trader can do it. Anyone can become a professional trader simply by copy trading on BitYard.
My Final Words
I hope I could provide you with some interesting and useful information about BitYard, in my opinion, the best exchange for copy trading. 🤓
I would also like to know if you ever did copy trading and what platform did you use? If not, would you give it a try? It would be awesome if you leave a comment.
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