Bybit copy trading is perfect for crypto investors and traders with medium and large deposits. On this platform, we use a low-risk trading strategy, such as Binance copy trading. Maximum trading leverage is 5 (not 20, 50 or 100).
The advantage of copy trading on Bybit over Binance copy trading is the lack of verification to join. If you need to verify your identity to copy our transactions on Binance, then you don’t need it on Bybit.
Bybit cryptocurrency exchange does not need advertising! At the moment, more than 200,000 users use Bybit copy trading:
Therefore, we will immediately move on to the copy trading details.
Bybit copy trading: How to join
To get started, you need to register on the Bybit exchange using the link:
REGISTRATION ON BYBIT
After registration, we recommend you to set up good security for your trading account!
Joining our copy trading account
After successful registration, you need to transfer your deposit to the copytrading wallet.
After transferring the required amount for copy trading, you need to join our copy trading account on Bybit so that your trades are copied automatically!
This can be done in two ways:
- Through a search in the “copy trading” section:
- At the link below:
BYBIT COPY TRADING ACCOUNT
Bybit copy trading settings
In order to copy our trades, you need to have at least $310 on your balance. If you have a smaller deposit, you will not be able to copy all our trades and this will affect your profitability.
- Margin – Isolated
- Marginal leverage – 5
- The size of one position should be equal to 3.32% of the deposit with which you want to join our copy trading.
For example, if your deposit is $2000, then the size of your one position will be equal to:
WARNING! The actual entry amount for one position will not be $66, but $330. It is necessary. The fact is that the amount of entry into the position also depends on the margin leverage. Our recommendation is 5 leverage. If you want lower risks, reduce your leverage. However, the amount of entry into one position should remain 3.32% of the deposit you made for copy trading.
No need to enter any settings anymore! “Next” button and everything is ready!
Bybit copytrading: Briefly about strategy
Bybit copy trading includes different trading strategies in one account. There is a long-term trading strategy, and medium-term low-risk trades with stop orders and quick short-term trades.
In parallel, we trade two cryptocurrencies – Bitcoin and one altcoin of your choice.
The total number of transactions in one trading situation will not exceed 30.
While we do not have statistics specifically on Bybit, we suggest you familiarize yourself with the trading statistics on another copy trading platform:
Do you have any questions? Write to us in Telegram!