It allows cryptocurrency traders, both new and experienced, to automatically copy the trades of more successful traders. This saves time, reduces risk, and leverages the skills of top traders.
As we head into 2024, here are the 10 best crypto copy trading platforms to consider based on fees, variety of traders to copy, platform features, ease of use, and more.
1. eToro — Best Overall
eToro is one of the largest multi-asset investment platforms in the world with over 27 million users. The social trading platform makes it simple to find and automatically copy successful crypto traders with just a click.
Key Features:
- Copy traders with as little as $200
- Over 40 cryptocurrencies available to trade and copy
- Web platform, mobile app, and crypto wallet
- Social community with profiles, news feed, and chat
- Low fees starting at 0.75% per trade
eToro has a unique social community where you can evaluate crypto traders based on total copiers, win ratio, average returns, and more. The platform is regulated in several jurisdictions and supports many payment methods.
2. NAGA Trader — Best for Automation
NAGA Trader focuses heavily on crypto copy trading automation. You can set detailed rules for when to enter and exit trades based on performance metrics for copied traders.
Key Features:
- Automated trading based on trader performance
- Trade crypto, forex, stocks, indices, and ETFs
- 1000+ instruments available overall
- Copy toplist traders or anyone with public stats
- Low spread crypto pricing
- Web, mobile, and Metatrader platforms
NAGA has robust auto trading capabilities that help optimize and scale your copied trades. With their Auto Follow tool you can track metrics like win rate, exposure amount, max drawdown and more.
3. Shrimpy — Best for Portfolio Automation
Shrimpy pioneered the crypto portfolio automation space. Effortlessly mimic portfolios of top crypto indexers and traders on their platform.
Key Features:
- Automatically mirror crypto portfolios
- Indexers available with 10–1000%+ yearly returns
- Universal exchange API connections
- Backtesting, rebalancing, & indexing tools
- Free subscription plan available
- Web, mobile apps, & Chrome extension
Shrimpy removes the manual work required to copy profitable crypto traders. It's as simple as choosing a portfolio to mimic and setting allocation amounts. Indexers often share how their portfolio is structured.
4. CoinRule — Best for Automated Trading
Coinrule enables you to set up customized trading bots to automatically execute your orders. Easily copy bots created by successful traders.
Key Features:
- Automated bots for trading strategies
- Browse and copy public bots
- Backtest strategies across any timeframe
- Manage multiple exchange accounts
- Easy to use drag & drop editor
- Available mobile and web apps
You can browse crypto trading strategies by returns, max drawdown, exchange usage, and more. Transparent backtesting helps identify the most profitable bots to auto copy.
5. CryptoHopper — Best for Beginners
CryptoHopper makes it easy for beginners to copy expert crypto traders without advanced technical skills. Their trading marketplace has extensive documentation.
Key Features:
- Hopper academy for learning to trade
- Discuss strategies and settings with professionals
- Low monthly subscription cost
- Use external signals or create your own
- Stop loss and trailing stops
- Web and mobile apps
CryptoHopper has an intuitive interface and active community forum. The marketplace uses a clear star rating system so new users can easily identify profitable traders and strategies to copy.
6. Coinmatics — Best for Pools
Coinmatics lets you create or invest in tokenized crypto trading pools powered by AI and machine learning. This allows for collective returns.
Key Features:
- Invest in AI-driven crypto trading pools
- Advanced risk management and security protocols
- Transparent track record for each trading pool
- Weekly profits paid in crypto or stablecoins
- Manage your portfolio across multiple exchanges
Coinmatics pools have generated up to 1500%+ returns. You can watch currently active pools, their strategies, and real-time performance before investing.
7. Collective2 — Best for Stocks and Crypto
Collective2 enables you to automatically copy trade signals from investors trading stocks, options, cryptocurrencies and more.
Key Features:
- Support for stocks, crypto, forex and options
- Browse trader stats like % gain and risk metrics
- Short-term swing trades or long-term positions
- Free text and email alerts from copied traders
- Low monthly subscription cost
- Mobile trading app
Collective2 has traders covering different markets and strategy types like swing trading, day trading, buy and hold, and more. You can copy multiple traders to diversify.
8. Zenotrade — Best for Prop Firms
Zenotrade provides access to proprietary crypto algorithmic strategies created by hedge funds and institutional-level traders.
Key Features:
- Algo trading strategies from prop firms
- Strategies specialized in crypto, stocks, forex
- Managed accounts to auto-copy trades
- Custom algo creation and backtesting
- Mix of short and long-term strategies
- Audited track record history
This platform opens up institutional-grade investing to the masses. You can view past performance metrics for all available algorithms before copying.
9. Trade360 — Best for Social Features
Trade360 has a built-in social network connecting you with other cryptocurrency traders. It allows you to share strategies, tools, charts, and more.
Key Features:
- Social features to share insights & ideas
- Automated copying of top traders
- Leaderboard ranks traders by profitability
- Supports crypto, forex, indices, shares trading
- Web trading platform with mobile access
- Educational resources for new traders
You can automatically copy profitable traders or learn from them via chat before matching their strategies manually. Trade360 also has low fees.
10. MarketBull — Best for Long-Term Investing
MarketBull focuses on long-term cryptocurrency investing to maximize sustainable gains over time. Choose from prebuilt portfolios or auto-copy proven traders.
Key Features:
- Variety of long-term crypto investing strategies
- Build automated portfolios or copy traders
- Low minimums to get started ($500)
- Portfolio rebalancing tools
- Insurance protection against hacking
- Simple set and forget experience
MarketBull takes the stress out of long-term crypto portfolio management. You can sit back as your portfolio is automatically optimized for maximized returns.
Key Factors in Choosing a Crypto Copy Trading Platform
When comparing crypto copy trading platforms, here are the key factors to consider:
- Fee structure — Platform and withdrawal fees can eat into your profits from copied trades. Look for low transparent fees.
- Number of traders — The more traders on a platform, the higher chance of finding profitable traders matching your goals.
- Trader metrics — Assess metrics like returns, drawdowns, star ratings, copiers, etc. to identify skilled traders to copy.
- Automated trading — Look for automation capabilities to easily scale copied trading without manual intervention.
- Ease of use — The platform should make starting and managing your copying strategy straightforward.
- Regulation — A platform that is licensed and regulated provides more transparency and security.
- Variety of markets — Some platforms support copy trading across crypto, stocks, forex, indices for added diversification.
Get Started Copy Trading Crypto in 2024
Crypto copy trading is set to gain more adoption in 2024 as more traders seek simplicity, automation, and leveraging expert performance. With this list of the top 10 platforms across key factors, you can confidently get started copy trading cryptocurrencies.
The automated and socialized nature of copy trading makes it easier than ever for beginners to bypass the risks and learning curve of active crypto trading. By mirroring successful portfolios, you can take advantage of market opportunities and professionally executed strategies.